Wednesday, May 2, 2012

Quick Followup - 'Seeking Investors'

Mid last year I wrote about an amusing company that was trolling Craiglist looking for investors.

It seems that finally the law has caught up with them - they've earned themselves a 'Cease & Desist' for their methods. (Although California seems to call them 'Desist and Refrain' orders instead.)  Not much of a penalty - but the Pollyanna part of me would like to think that it will be enough that they'll change their ways.

Mind you  - it appears that it was a different project - this one they were offering a return of 150% and five percent (5%) of the net revenue generated from any and all distribution.

I wonder how many 'investors' they've been working with?


And, just for completeness, a similar Halt order from Pensylvania, which contains a few more details about the offenses:

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