SEC Is Finally Doing Its Job

[RandySF]

How long ago has it been since we've read repotrs of the SEC actually doing what it was created to do? Obama's been in office one month and already they're nailing people. The scary part is wondering how many ponzi schemes are out there?

http://www.cnbc.com/id/29280259

The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.

The SEC alleges Billions Coupons and Cooper raised more than $4.4 million from 125 investors since at least September 2007 by holding investment seminars at community centers for investors who were deaf.

The SEC is also alleging that Cooper pocketed at least $1.4 million in investor funds to pay personal expenses as well as purchase a new home.

[LakeSamish706]

1. The problem being is what are they going to uncover when they start...

digging deeply into all companies? They will probably find a serious mess like the rest of the Government Agencies are most likely finding.