Thursday, October 7, 2010

Investment Scam Stopped

The assests of an investment company will be frozen, according to the SEC. Investigators say Imperia Invest IBC targeted deaf people, falsely guaranting high returns investments but actually the company simply stole the money from investors. Imperia Invest raised $7 million from some 14,000 investors. More than 7000 of them from the deaf community. The company told people that they had to buy a Visa debit card to get their money back, even though the company was not working with Visa, according to the SEC.