Investment fraud.

[nicholmere]

$40-million fraud exposed by police

You know that saying, if it sounds to good to be true ...

"A police news release said the scheme collected "approximately $40-million from various investors with the promise of an extremely high rate of return."

He told them they could make $20 for each $1 invested in a business named Strategic Trading System, or STS, police say."

20$ for every dollar invested?

An interesting aside to all this is that someone by the same name as the person arrested has donated several thousands dollars to
"The Aga Khan Foundation, an international development agency that supports projects benefiting the poor in Africa and Asia"

It sounds like the investors are unlikely to get their money back. I wonder ... if it could be proven that their money was donated to a charity could they claim the loss as a donation to charity (instead of as a poor investment) and get a tax break.

[hymie[$]]

Here are some other fraudulent companies.

ZeoSync, who claim to have invented a new compression technology that will revolutionize communications. The dead giveaway here is "multipass" compression. The frauds always claim that you can run the compression over and over again to make the data smaller each time.

Black Light Power, who claim to have discovered a chemical means to lower the electrons of hydrogen atoms to fractional quantum states and thereby liberate energy. Read their "theory" page for an amazing amount of gobbledy-gook.