Complaint / Review
Coadum
Ponzi aka Madoff aka you lose either way They were also cleared for business with the SEC

Coadum Advisors, et al; James Jeffreys and Thomas REpke of Salt lake City

Knew how to Ponzi even the ponzi.

What most people caught in the Ponzi can not imagine is the second Ponzi

How the first Ponzi works is the new investor feeds the old investor

As in Madoff or any other Ponzi

The second Ponzi works this way. The SEC finds out that the Ponzi is active

Appoints a court appointed " Receiver" usually a law firm to go in and

Investigate the scam.in the meantime the Ponzi can draw a salary while this

Is taking place. Now come the fun part. The receiver calls the victims to

Notify them they must return all money that they invested, along with any and all profits (ponzi interest payments) you say what? You mean I have to give you back

My original hard earned dollars and then the ponzi returns? The answer is yes.

Why? Because the clock is ticking, the receiver (law firm appointed by courts)

Has to bill the hours (which can take years and fees into the millions) so they can

Return to you he victims some pennies on the dollar. Yes ladies and gents, the reason that there are so many ponzis and the government cannot catch them

Sooner is there is actually a business built around the Ponzi. Its called Law firms

They get theirs no matter who wins or loses. You get to lose twice, and

Not one media outlet has reported this Ponzi to date. The utimate Ponzi is

The victim is played twice. Once by the defendant, once by the receiver and

Courts. Now that is the Madoff of the story. Bernie knew this and was great

At concealing it. The SEC had more red flags than a bullfighter in his or her

Career. They cared less