Little Rock, AR (PRWEB) January 07, 2014
TheGreedChase.com consumer fraud network debuts today to help individuals, small businesses and novice investors learn the necessary skills to halt fraudulent scams in their local communities. "The goal of TheGreedChase.com is to shine the spotlight on the growing class of white collar criminals, cyberscammers, phony investment advisers and traditional con men who ply their trade 'off Wall Street,'” said TheGreedChase.com Editor, W. Reko Brown.
“A lot of attention has been given to white collar crime and fraud on Wall Street with the Bernie Madoff Ponzi scheme and the banking crisis,” said Brown. “But in nearly every Main Street community across the USA, there is a growing class of bad actors selling ‘too good to be true’ schemes that are solely meant to steal people’s hard-earned nest eggs and savings, especially those vulnerable Baby Boomers who are reaching retirement age. TheGreedChase.com aims to be America's premier consumer fraud advocate and investigative news portal, and to help consumers stop these bad actors.”
Brown pointed to the recently released report on Oct. 31, 2013 by the North American Securities Administrators Association (NASAA) that 3,564 investment licenses were withdrawn due to action by state securities regulators, up 27 percent from the same period in 2011. Another 736 licenses were denied, revoked, suspended or conditioned. Many of these schemes targeted senior citizens, the report said. http://www.nasaa.org/27437/states-report-increased-withdrawals-licenses-unscrupulous-brokers-investment-advisers/
The unveiling of the new consumer-friendly website will include exclusive news on alleged Ponzi schemer Ephren Taylor. The U.S. Securities and Exchange Commission has charged Taylor with operating a $11 million Ponzi scheme that targeted socially-conscious investors in church congregations. A copy of the complaint (Case Number 1:12-cv-01249-WSD) for the U.S. District Court of the Northern District of Georgia in Atlanta is available at the SEC website http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171488284#.Usq15G8jKuh
TheGreedChase.com was the first to report on Oct. 25, 2013, that the Department of Justice is now actively conducting a criminal investigation of Taylor for allegedly operating an $11 million Ponzi scheme targeting mostly black churchgoers.
Other features of the consumer-based website will include daily and weekly news on new investment scams, the “Chasing Greed” blog by the nefarious Mr. Chase R. Greed, and a monthly e-newsletter with fresh content and investigative stories on securities and fraudulent schemes across the U.S.
In addition, the first 500 official Greed Chasers subscribers will receive a year’s free access to breaking news alerts, exclusive content and other tools and tips to help consumers conduct their own due diligence of individuals and companies selling questionable financial and investment-related products.
TheGreedChase.com consumer fraud network’s mission is to equip individuals, novice investors and small businesses with the necessary tools to halt the growing class of fraudulent actors on Main Street USA.