Thread: InfinityShares
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Old 05-18-2007, 10:08 AM   #44 (permalink)
JoseLeon
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Default Re: InfinityShares
Quote:
Originally Posted by makila View Post
I know IS is not properly registered to sell "Securities" in every state of the US as Steven and Chris are not from the US and its simply too complicated to register there. but thats has nothing to do with being legal or illegal. Since when is IS a hyip? IS is a trading/investment site. That is NOT illegal in the USA. Someone has complaint to the host that IS is a ponzi-hyip which is indeed illegal by this "security" act. It clearly is not a ponzi so whoever this prick is that reported IS, its NOT a member of IS.
makila: if you accept USA citizens and you have a program not registered accepting money from third parties then it's illegal to SEC and for almost all authorities over the world. If the program is private and not accepting USA people then SEC has nothing to do. So, even with a real program they always think that it's a ponzi because it's not registered.
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Last edited by JoseLeon; 05-18-2007 at 10:16 AM..
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