Wednesday, February 18, 2015

SEC Charges "The Achieve Community" With Fraud

Feb. 18, 2015 — Today the SEC announced fraud charges against two operators of Colorado-based pyramid and Ponzi scheme. The scheme used vocabulary like “triple algorithm” and “3-D matrix”to trick investors into investing in a "business" with 700 percent returns.

According to the complaint the SEC alleges that Kristine L. Johnson  and Troy A. Barnes raised more than $3.8 million since April of 2014. Investors thought they were buying positions in the company Work With Troy Barnes Inc., doing business as “The Achieve Community.”

If you go to the webpage now ( it says the account has been suspended, however, here's a video I found with Troy Barnes explaining the scheme on Youtube.

Investors purchase positions that cost $50 each. As they progess through the matrix the payout is $400 at the end of 3 to 6 months. The SEC alleges that the matrix was actually a pyramid scheme with no "legitimate business operations". The press release goes on to say that Johnson and Barnes "are merely paying purported investment returns to earlier investors as they receive funds from new investors."
Johnson and Barnes allegedly claim to be operating a successful investment program when in fact they are taking funds from new investors to pay phony profits to earlier investors.
Julie Lutz, Director of the SEC’s Denver Regional Office. 

The SEC’s investigation is being conducted by Jeffrey Felder, Kerry Matticks, and Jay A. Scoggins in the Denver office.  To read the original press release click here.

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.