Smart Money Investments Inc , Atlantis Capital Solutions, atlantiscapitals.com , JS Funds, Walter Berkowitz, Tony Miller Sophisticated Fraud Ring, will steal your money! Internet

Smart Money Investments Inc is just another front for a group of sophisticated cyber criminals. They have setup site after site, stealing money from investors; then vanishing without a trace. 

They have previously been; 

JS Funds (www.jsfunds.com)
Atlantis Capital Solutions (www.atlantiscapitals.com)
Versonce Asset Management (www.versonce.com)

Now with Smart Money, they have taken they have made an exact replica of a real financial site, to try and pass it off. 

How the Scam Works

Smart Money Investments will ask investors to place a specfiic amount of money into escrow for the issuance of a SBLC or BG. However Smart Money controls the escrow account, and releases the money to themselves. By the time you find out what happened, the money has been wired overseas. 

They are also careful to keep the amount stolen just below the radar of law enforcement such as the FBI. However the FBI has caught on to them and are now investigating based on the entire fraud. 

How they Control the Escrow

They control the escrow in a few different ways. One way is that they actually contact a real escrow/paymaster attorney, telling them that they will be depositing funds into the account, then need to move them quickly out. They produce fake passports/documents, or even use the real clients to make it look authentic. This has happened to multiple attorneys in the USA and they hav all gotten into big trouble;

 http://it-lex.org/lawyer-falls-for-internet-brokerage-scam-receives-public-censure/

http://professionalliabilitymatters.com/2013/11/06/attorneys-dont-be-michael-scott/

hcourts.ri.gov/Courts/SupremeCourt/Orders/13-275.pdf

They will even got on the phone pretending to be this attorney.

Another method is setting up a fake law firm website. They then actively recruite attorneys to join the site. They then control the attorneys and have the funds released with a lie to the attorneys. 

Here is some previous fraud work by them; 

ifcinvestigators.co.il/tag/univerlaw/

Multiple Sites

These guys are like cyber leaches. They will setup one site, scam as many people as possible then quickly move to the next site. 

ripoffreport.com/r/JS-Funds-Inc/internet/JS-Funds-Inc-Univerlaw-James-Scalisi-JS-Funds-UNiverlaw-and-James-Scalisi-have-all-been-1149733

ripoffreport.com/r/JS-funds/internet/JS-funds-JS-Funds-Inc-Univerlaw-James-Scalisi-JS-Funds-UNiverlaw-and-James-Scalisi-have-1149780

ripoffreport.com/r/Versonce-Asset-Management/internet/Versonce-Asset-Management-Versonce-Private-Banking-Fraud-and-Scam-Internet-1011287 

Fake Names

They will not use their real names. 

Do not work with these guys unless you want to get your money stolen! Do not believe the lies they tell you.