![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)
SEC Takes Action Against CEP Holdings
Most of the readers of this blog will not be suprised to hear that the SEC (Securities Exchange Commission) has filed formal charges againt CEP Holdings, Inc. dba ColonEndParenthesis.net as well as the principals Trevor Reed, Clayton Kimbrell. The charges were filed on July 9, 2007 in the North Carolina Eastern District Court under the presiding judge, the Honorable Terrence W. Boyle. CEP has been charged under statute 12:22 - Securities Fraud.
Well, we’re not exactly talking Worldcom, Enron or Tyco here, however it is my belief from my previous cases filed by the SEC that CEPTrust Holdings and their partner sites: CEPTrust.com, ColonEndParenthesis.com, CEPCoast.com, Coastin88.com, DesertSjyMarketing.com, 4NewbiesMarketing.com, and Jack Cobb’s programs which accepted CEPTrust as a payment processor will also come under future indictments from the Department of Justice for money laundering and possibly charges of operating pyramid or ponzi schemes.
Many of you CEPTrust account holders out there may be questioning what will happen to the funds you currently have in your CEPTrust account? Well, you can kiss them goodbye. Additionally, any of you who ignorantly sent in your verification information, and especially those of you who were playing with thousands of dollars in these schemes, and/or had money wired to your bank account from CEPTrust, I’d humbly suggest contacting a lawyer as soon as possible. If you did not send in your verification information (as I had advised on this blog as well as in the forums), and if you were not playing with large amounts of money, I wouldn’t worry except for if you have any funds stuck in CEPTrust which you will have no recourse to recover.
Hopefully, most of you have been reading my blog and listening to my advice, to *NEVER* send your personal information to people like CEP, Bob Krimm, Vince Kroelin, Kim Inman or any other potential ponzi schemes. In regards to the legal ramifications of the term *ponzi scheme*, that is for the government and legal agencies to decide. As with any form of online or offline investment, it is essential to do your due diligence before you put your investment money anywhere. Ponzi schemes are not just limited to the internet, in fact, the largest ones are always offline relating to Real Estate, Prime Banking and Debentures fraud.
by Paul
Id be more worried at this point if you were well into profit. That means the feds are gonna be knocking on your doorstep. ROFL
by Paul
By “you” I mean any of those investors who claimed to have made thousands of dollars like “funnybone”, “Executive”, “surfin”, faith sloan. Those guys are headed to jail cause they will stick out like a sore thumb among all the nickel and dimers. IMO
by C4G
I didn’t make a big point about that, but everybody knows CEP had a rule that if you move $500+ per month through their “skim” processor, you had to verify your personal information. I warned people about that, but to each his own…
For 90% of us, these hyip and surf things *were* a game of chance, so we nickle and dimed it. Those aren’t the people the feds are going to worry about (especially those of us who *lost* and were *victims* of the scam).
by Listpays.com HYIP Monitor » SEC Files Formal Charges Against CEP and All Subsidiaries
[…] The SEC filed formal charges against CEP, Trevor Reed and all related sites on July 9th. Code4Gold has the story and his views here. Drunk’s World has the story and Dustin’s, Desert Sky Marketing, response here. Thanks to Dolphin, who posted this information in NoBS Network Forum. […]
by LSG Blog
[…] SEC (Securities Exchange Commission) has filed formal charges against CEP Holdings and Trevor Reed. Members with money in CEPT will probably have to kiss your money goodbye or have them frozen for the moment if they ever will be released. Code4Gold got a post on this and also some advise for members using such payment processors. […]
by hyip news, stay informed » SEC Files Formal Charges Against CEP and All Subsidiaries
[…] SEC Files Formal Charges Against CEP and All Subsidiaries July 12, 2007 on 2:42 am | In CEPTrust, Ecurrency Scam, HYIP Scams, CEP, Autosurfs Scams, Coasting88 | The SEC filed formal charges against CEP, Trevor Reed and all related sites on July 9th. Code4Gold has the story and his views here. Drunk’s World has the story and Dustin’s, Desert Sky Marketing, response here. Thanks to Dolphin, who posted this information in NoBS Network Forum. […]
by The HYIP Blog » Blog Archive » SEC Files Formal Charges Against CEP and All Subsidiaries
[…] The SEC filed formal charges against CEP, Trevor Reed and all related sites on July 9th. Code4Gold has the story and his views here. Drunk’s World has the story and Dustin’s, Desert Sky Marketing, response here. Thanks to Dolphin, who posted this information in NoBS Network Forum. […]
by Td
Dave sadly they don’t learn IN the end days of the Krimm empire with same in house processor lots of the Bobbers were looking to cep to throw their money into with another in house processor attached. All I can think if is many people have money to burn I mean they have to don’t they? Who throws those sort of big amounts quoted in different forums in as/hyips if that is not the case.
Looking down the lists at monitors I am wondering how many other programs this will effect. None I’m in thank stars.
by Sad Family
Well, many of us were just plain stupid! I sure was! I placed my firt “investment” with them on the very day they froze the accounts! $1,800! That is a huge amount for me! I deserve it for being so naive and stupid as to believe it. I guess when we get down on our luck, some of us get desperate. You can bet I will never be that stupid again!
by C4G
It’s not stupid to trust these schemers and con artists, that’s what they’re specialists at. Hopefully if you continue to try to make money on the internet, make sure to *always* find unbiased sources of information.
A few good tips…
1. ) Always do a Technorati.com blog search for information on programs. Don’t use Google’s blog search or regular search because it isn’t updated as frequently. Usually the bloggers will save you a lot of time reading through the forums.
2.) Avoid ASA (Asamonitor.com) and FairPatton.com forums - both are extremely biased and run by experienced con artists who will lead you into the shark infested waters.
3.) If something seems too good to be true, it is. If a program has people vehemently defending it and cheerleading like mad (we call it “drinking the poison Kool-Aid”), stay away from it because at that stage a program is usually dead.
4.) If you intend to play in the High Yield arena, always, always, always *diversify* and never put all your eggs in one basket.
Sorry to hear of your loss Sad Family.
by td
Well it’s good to read widely Dave otherwise you don’t know where people are being lead
Just cause you go somewhere doesn’t mean you have jumped off the wagon does it lolol
Sorry to hear of your loss Sad Family we’ve all been there done that there is no “experts” in this arena. Not if you check their history anyway. All rode lemons at one time or wonderful next big things. My only tip as a participant is not to put in too much I know it’s tempting but there is nothing wrong with a smaller goal. return etc Most of those “friendly” uplines are gonna try to talk them up cause they have a lot to gain. Your new best friends lol Can’t do enough for you
by C4G
Especially avoid the people offering a percentage of referral commission back for signing up in their downline. These are usually the biggest scammers on the forums (can you say SweetGirlof19 who was infamous for ripping people off on the ref com back offers)..
by Summer time and the living is easy at The Dolphin’s Wink
[…] CEP vs SEC. C4Gold’s blog also had a post about it. Color me surprised - NOT. Same story, different day, different Admins, same BS. Like many have been saying, don’t go blue in the face waiting for your money here. Ain’t gonna happen. The good ole boys in the SEC and the attorneys will be getting the bucks, not to mention the fact that the CEP admins are receiving $4K/monthly during this "investigation." Makes you want to break the law too huh? Figure you can get away with it for awhile and then when the govt. boys say BOO, they’ll say "oh heck, for your trouble here’s an allowance while we figure out if you’re guilty or not." Just like Charis Johnson from 12DailyPro. […]
by Lindsay Reed
You should all rot in hell. These people are wonderful people who only tried to help those in need. They DID NOT scam these people. The only reason people stopped getting their money is because the hellbound SEC stepped in and told him he HAD to, because the government did not like people making so much money. Maybe you should talk to some of the people who invested and received almost $12 million themselves by investing. A person involved received $9 million from investing. Why would he give SO many people SO much money and just not take it all? Make sense? I didn’t think so. Trevor is a stand up guy with nothing to hide, which is why he hasn’t been. Maybe instead of being “too stupid” to waste your life bringing other people down you should try doing something that makes you useful and maybe even half as good as Trevor and Clayton.
by C4G
Nice sentiments Lindsay. Do you kiss your mother with that filthy mouth ??? Rot in hell?? Eh, Trevor and Clayton will be rotting somewhere else, it’s called jail. For the record, hopefully you had your real information on file with CEP and you made a huge profit because the SEC’s receiver will be looking for you.
FYI, Trevor and Clayton *DID NOT* invest money in anything other than autosurfs and hyips. Stop kidding yourself and get real. You’re cheerleading a ponzi scheme. Thumbs down to you.
by JeffT
The fact that everyone in the c88 forum, asamonitor, etc. blindly spoke of the trustworthiness of these guys and kept cheerleading CEP while the while the daily ROIs dropped to nothing has been truly bizarre. And all the Christian rhetoric
pasted across CEPs pages- I should have known. Anytime someone quotes the bible, in essence saying “Trust me, I’m a good Christian,” red flags should be raised.
by C4G
Thanks for the comment Jeff. You’re absolutely right, when people get overly zealous about a program and it’s admins, that should be the first warning flag that it’s going to implode. Especially if they start bringing religion into it, it becomes a “faith based scam”.
Also, asamonitor is never to be trusted, Jake and Butch will say anything to build up their downlines. Look now as Jake is still promoting Jack Cobb who just scammed people in Planet-Trust and MaximumAdz first program. Even though many people were scammed by Jack Cobb, Jake still is pimping the new Maximum program in his signature.
by Coopersview
The statement from Lindsay really made my day.
“Maybe you should talk to some of the people who invested and received almost $12 million themselves by investing. A person involved received $9 million from investing.”
It actually reveals 2 things:
1. She is a newbie.
2. The inside story of members’ CEP accounts.
When FLO disappear, I had 35 millions in my FLO account (imagine 45% every 2 weeks compounded), mind you being a lovable naive newbie like me. Both FLO and CEP used similar religious talks.
Interestingly, Andy of XLO deliberately and openly showed members how to make a lot of money by compounding. (That was his plan right from the beginning, as he confided to his friend(s) in a letter.) Today he is still praised by a few as God who had been paying for 12 months. The secret was the compounding that kept members’ money in XLO to keep it alive for so long. Then Andy ran off with more money along with TFT money and the famous $25K. Very brilliant planning indeed and he had most people fooled.
JMV
by Dollars Blog
Actually the way to make money is to not put your money in any of these online investment schemes. Good luck making money in them now, only compulsive gamblers are in them now cause no one can make a profit now.
by Kimberley
MAY TREVOR AND CLAYTON ROT IN HELL. WHAT ASSHOLES. I AM NOT A CHRISTIAN AND I AM A GOOD PERSON. THEY CLAIM TO BE CHRISTIAN AND LOOK AT THEM. I HOPE THEY GO TO JAIL.
by Norm
Kimberley; not a nice comment…….How can you claim to be a “good person”, unlike those Christians at CEP, and wish them a fate worse than death itself? Does not compute, dear.
by John
I have a few questions /comments. Scenario: I invested 9k with CEP, the money went to CEP trust and it sat there for less than a week, as soon as I hear about the investigation I pulled my money out back to my bank “NEVER INVESTED”, I few weeks later CEPtrust went down. I got a letter from the CEP lawyers requesting for me to send them MY 9K, do you believe that? It’s obvious CEP and Trevors people have gotten rid of alot of documentation. I personally spoke with Trevor when he was took the time to speak with people and he told me “we invest in brick and monter buildings over seas, including real estate” How religious can someone be specially if they scam people. I got a letter from the CEP lawyers requesting for me to put my 9k I pout in. My money which was not even touched by CEP, do you believe those low lifes? I have my lawyer working on something. People depended on CEP and Trevor, they trusted Trevor with their life savings. I see some postings that say Trevor was the victim. I am sorry but someone with those smarts should know everything going on. Now you asked yourselves why you were never told what ecxactly they invested on.
Trevor and all those low assholes should be shot. They used us to fill their pockets.
Sincerely Yours
Average citizen trying to make it out there while scum like these are trying to ruin you.
by Jurgen
I have heard a number of stories such as yours abut people transferring money into the CEP Trust or people using CEP Trust for advertising fees and they all lost their money. What a mess these Christians from the US make of everything.
by Proxy
You should all rot in hell.
by Dumbasses
All a bunch of selfish pigs. greedy assholes. What you did is against the law. Yes tard by joining these surf sites its breaking the law.
by Dumbasses
You all will be nailed by the IRS. Facts you better believe it. STUPID IDOITS, doush bags…..