Sports Psychometrics LLC promised investors large returns on various contracts that provided great return based on betting on outcomes of sports games.
Contracts were either time based or loan agreements, or shareholder agreements.in all scenarios money was paid out in accordance to the contracts for a period of time after which the company's CEO John Thomas cut off communication with many investors, claiming that a large amount of money from off shore betting was seized by homeland security in the US, and no further payments could be released until the issue was cleared. The company has offered no formal communication about this issue nor any formal solutions or timelines to investors.
While hundred's of thousands of investors personal money and millions collectively has been received by the company, most investors to date have not even received their principle amounts back.
The company is currently still operating and taking in new investors.
Many are unsure if this is a scam, or legitimate business dealing with real challenges. The company has not provided any proof to valid their story.
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