Scam: #1776

Scam Alert

Person

Posted By: Anonymous
Submitted: 12/27/2010
Severity: 9

Steve Beckwith

Private Placement and a FOREX Investment

San Diego, California

Steve Beckwith and his partner Bobbie Kaye, set up a FOREX investment group and solicited money from investors. They used phone and referral sources to gather the investors. They were fooled into believing that they had experience and a track record of high returns. Emailing bogus statements and discriptions of their investing.
With the protection of principal as the foundation of their pitch !!!!
They lost 100% or $500,000 of the investors money.
Steve Beckwith also tried to solicit money for Private Placements, using Foreign Banks and
non registered principals. He has broken every Securities law that exists.
HOW IS IT THAT THEY CAN CONTINUE TO SCAM PEOPLE AND NOT RECEIVE ANY
LEGAL REPERCUSSION

Comments

SB

Submitted: 12/27/2010

This posting is completely fallacious. Liable and slander posted by “Anonymous”. This country has gotten to the point where no one takes responsibility for their own actions. It’s always someone else’s fault. Then anonymous character assignation, liable and slander from the shadows. How much faith can you put in an anonymous statement? None.

SB

Submitted: 12/30/2010

It should also be noted that the man who posted this libel and slander is an ‘accredited investor.’ More than that he is an investment advisor and hold a Series 7 SEC license. This is his profession! And yet he lies about every detail and tries to sound like a poor lost lamb. Many people lost large sums during the financial collapse that began third quarter of 2007. His posting and every single representation made are completely false as proven by written record and Agreements. The actions he’s taken here are completely malicious.