Minimax Consulting
SCAM — The Truth About "Minimax"

The owner "P.C. Chabot" is really Peter W. Chabot, a convicted felon who was found guilty of SEC securities fraud and sentenced to time in prison.

Here is the story from Forbes:

"Last year, Peter W. Chabot of Chabot Investments pled guilty to securities fraud in New York's southern district court. Chabot had raised $1.2 million from 14 investors by claiming he was an experienced securities trader who had developed a mathematical model telling him when to buy or short stocks. Between 1999 and Chabot claimed stupendous results for his theory. But the results were phony, and Chabot had actually used his investors' money for his personal expenses.in February he was sentenced to 27 months in prison; he also has to pay back the $1.2 million."

Http://www.forbes.com/10/02/cz_mm_1002hedge.html

More information is on the SEC's website and includes details on the case and his sentencing:

Http://www.sec. Gov/litigation/admin/ia-2142.htm

Http://www.sec. Gov/litigation/litreleases/lr18214.htm

Company: Minimax Consulting
Country: USA

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