Is the Rock Investment group a scheme?
Yes, I believe it was under Larry McGary. He has been asked to leave and attorney's for The Rock Investment Group have filed to have him legally removed. This is as of December 2011.
He may have published fancy documents and sweet-talked a lot of people, but the bottom line is that a lot of money was put in and nothing has come out.
Do an internet search and you can see all sorts of documents posted that are related to this.
He took many people's money, bought cheap land leases in Elko, NV and then did what is considered wildcat drilling. From people who were aware of how he was operating, there were many financial discrepancies, hence the reason he has been removed.
There is little evidence that the area where he is drilling will yield oil.
However, I think the new Board is trying to salvage something. There were rumors that someone wanted to buy their leases, but I believe that was Larry trying to build up some hype.
Larry has SEC sanctions against him in Florida and in Idaho.
Stay far away.
It's a fraudulent investment scheme that works on a "pyramid concept" where the initial investers are paid abnormally high returns on their investment from money received from subsequent investors. With those returns providing "legitimacy" to the investment - the "schemer" can use that documented information to bait people with bigger bucks into the scheme. Because there is not an acutal investment in a company or other entity to generate money - the scheme will cave…
i am doing a group presentation, doing a research about investment and community development of Canada concerning sport i am doing a group presentation, doing a research about investment and community development of Canada concerning sport i am doing a group presentation, doing a research about investment and community development of Canada concerning sport
A Ponzi scheme works by misleading investors into an investment that promises unusually high returns. Then, as new investors enter, their investment is paid as a return to the investors before them. Because the only money comes from the investments of those who join later, someone will end up not getting any money back. The scheme is designed to make high profits for the promoter, who will usually vanish with the money after a time…
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities. A investment trust is nothing quite a group of stocks and bonds. you'll think about a investment trust as an organization that brings along a bunch of individuals and invests their cash in stocks, bonds, and different securities. every capitalist owns shares, that represent a little…
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