Copernicus

It saddens me to see some of these posts. Based on some of the poster's refusal to accept reality makes me realize how easy it is for someone to fool another.

Luckily, I am not directly involved, have no investments in the project, and have no money at stake. I am interested in forex and have become a lot wiser about the number of scams out there. Based on my reading of this site and a few others, the first thing is i would do is check out the registration status of the individual or company, not just take someone's word for it - no matter how trusted that person is. For example, scammers use reputable people (insurance agents, accountants, etc) as equity agents. Trusted people become equity agents because they are greedy and desire the high promised returns with little or no work. You can't believe anyone. Check out the filings yourself. Promissory notes are also a big red flag.

KHAMM4 being told to take your head out of your ass is not mean. It is tough advice, given toughly so it will stick. On air craft carriers they have sign language for "take your head out of your ass" because on deck, people who don't pay attention get killed.

Go to the FBI and Fraud web pages and by the description of this organization it was created by reading the scams in these pages. TN and SC are listed as states where this kind of fraud is hot.

You can keep looking for the good in people, but don't be surprised if they keep taking your money.

I am not making fun of anyone who lost money. I don't think they are stupid just uninformed or people who refuse to see they made a mistake. I do think people should be aware of the power of greed to affect decisions and that people can't be trusted.

As for the constant request to back up information. If you haven't checked the Arizona Corrections Database, I suggest you do so. 12 years is a pretty strong sentence. 3 counts are listed -10 years for 2 counts running concurrently and a 2 year sentence consecutive. That alone is pretty scary. Reading between the lines this was a similar set up of taking money from investors.

Finally, who wouldn't question an investment firm based out of Chattanooga Tennessee? It is a pretty place but it is not even close to a big city.

I would be anxious to see if Lou did in fact file bankruptcy, because I don't believe fraudulent debts are dischargeable in bankruptcy. Of course you would have to prove fraud. If Lou filed bankruptcy, investors better talk to a bankruptcy attorney and get in line.

I like Forex but there are so many scams I am very leary of the trading desks and websites. Can you go to a large bank and trade through them? All banks are scammers, but at least I know where the offices of the big ones are.