Folks, the handwriting is on the wall….

This is such an incredibly sad story that I had to sit on it and decide whether or not to post, it’s about a PONZI SCHEME, small scale albeit, in Charlotte, NC, only $16million….but the story is the same I see over, and over….the authorities, you choose, SEC, FINRA, FBI, are in the know and investigating, YEARS, before the public is aware and privy to inside information…often after the public has lost millions and billions of dollars…why,  because of red tape, it takes time to investigate fraud, think on this, if it takes authorities 4 years to figure out this tiny Charlotte case, how long is it going to take to figure out Vanguard…folks, I’ve been trying to educate you and forewarn you, whatever comes to fruition I’ll have little sympathy, you didn’t do your homework and act when you had  a chance.

Rick Siskey had a quick rise in Charlotte and a quick fall…

Siskey’s swift rise suffered a setback in 2004 when he accepted a two-year ban from being associated with a securities firm and agreed to pay a $10,000 fine over private securities transactions.

At issue were transactions Siskey had participated in from 1998 to 2001. The offerings had been filed with the Securities and Exchange Commission, but Siskey had not given proper notice to his employers, a violation of industry rules, according to the consent agreement with the regulator now known as the Financial Industry Regulatory Authority. Siskey neither admitted nor denied the findings.

These same transactions later became the subject of a settlement with the U.S. Labor Department in 2011.