23.09.05 Warning from the US


Warning from the US
In August the office of the Kansas Securities Commissioner warned against the 33 year old Norwegian.
Tekst: CHRISTER S. JOHNSEN

The 9th of August there were issued an official warning against the 33 year old man, now accused of embezzlement, and his company Plexpay.
Banned
The Office of the Kansas Securities Commissioner (OKSC) demanded that all activity stopped immediately, when the accused and an American colleague offered investments without properly registering either themselves or the securities with the OKSC.
The pyramid-like company has advertised with exceptional profits via foreign banks. The 33 year old accused man from Trondheim in Norway was Wednesday remanded in custody for two weeks accused of embezzlement of 18,1 NOK. (about 2,323 million Euro).
Shut down
It's a complicated company-system, with many ramifications, which now is under investigation in Trondheim. The accused is supposed to have transferred money on behalf of the company members, via a Norwegian registered Ltd, to Loyal Bank on the island St. Vincent in the Caribbean. Supposingly the money has been deposited by members in Plexpay. The company website was shut down by Norwegian police earlier this week.
The investment program Global Profit System (GPS) promised their members a profit up to three percent a day. The investors could also buy and sell stocks through so called day trading. They were also promised their own bank account and credit card. To get in you had to invest $50, but if you wanted full access you had to invest from $800 - $1800.
Police investigation
Besides being in charge of the money transfer, via the company in Trondheim, the 33 year old is described as the boss of Plexpay on a lot of websites. Both the 33 year old, and Plexpay are now under police investigation.

Link: http://www.adressa.no/nyheter/trondh...icle567701.ece

Some news are hard to recieve, but necessary to be known.