linedancin

lou rivas
is a fraud, he was living in panama city beach, florida, and took 1.5 million from investors in my town and split... all paper work that was left has been turned over to authoritys and currently filing felony warrant monday for bad check... please anyone with ant contact or whereabouts let me know asap.

linedancin

smell the coffee, is correct

KHAMM4

To Smell the coffee, I am not going to stoop to your level and start being mean to people. I have not attacked anyone I just want the truth like the rest of you. I was brought up to see the good in people and I want to believe he is not as evil as everyone believes. If that is how I think then it is no business of yours. We all have opinions and I have not attacked you for yours. I do not come here to fuss with anyone, I just want to know what is going on and hope that someone can tell me.

Racer

When was in Panama City and was he promising to invest the money in Forex?

done

ck chattanooga bankruptsy court chattanooga TN.

equalizer

I cant believe all of you Lou supporters. It is so obvious that you got scammed. He is being investigated by the FBI and did serve time in the poky in Arizona. He took you money and spent it with no regard about those he hurts along the way. I understand he has made some type of settlement to save his butt -- I have a feeling some portion of money will be returned with some type of monitored pay back since lou does have the ability to do some of what he says but for all you lou jock sniffers you need to wake up and smell the coffee and it aint no starbucks. I am truely sorry for those who lost your money. I have heard their is a legitimate operation out there with a litte research I am sure you can find it. OUT

linedancin

april 1st through may 10th, and yes he made lots of promises, big returns, etc. investing in the market.. but we have looked at the back of the checks that where given to him and 80% of the 1.5 million was cashed at the bank, not deposited, to do trading...

done

check chattanooga bankruptcy court case #08-12333 filed last thursday
hope this will help you

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.

KHAMM4

To all of you who want to know what is going on, even though I don't feel the need to tell you anything because you will just take what I say and insult me. Lou did not file bankruptsy. An involuntary bankruptsy was filed against him by an investor to get their money back. Whether you believe it or not he is working to get the money back. It takes time to get large sums of money from Interbank and then wired into an account. As for his criminal record. I have done a little research of my own. Lou was found guilty by default. This was a business deal that he did not start up. He was trusting and because he was involved he was sentenced-along with many other people. It was not a scam by him then and it isn't now. I know he is going to pull through for everyone. I am sorry none of you feel this way and I can understand why. I am truly sorry for everyones situation. So now that I have told you what I know you can now start attacking the prey.