Monday, February 20, 2006

12DailyPro Members Report $400 Million Missing

Claimed Losses is excess of $400 Million from the 12DailyPro and StormPay fiasco, reports from the Middle Tennessee BBB stated. With approximately $50 million being frozen at StormPay, the real question is, where is the rest of the money?

Along with that information, it is clear the SEC should be involved with this case as it does exceed the amount of $10 million and well over 500 investors. "Companies with more than $10 million in assets whose securities are held by more than 500 owners must file annual and other periodic reports. These reports are available to the public through the SEC's EDGAR database. " http://www.sec.gov/about/laws.shtml We searched the Edgar database but did not find any filings for 12DailyPro or Life Clicks LLC.


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