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EZ-Investor and The Pennsylvania Law

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Posted by: FutureGizmo

I saw this one advertised in an autosurf and wondered about the following rule they have:

Quote:
** Residents of Pennsylvania!**
We regret the fact that your state law prohibits us from offering this program to you at this time. However, it is the law, so please do not attempt to join as we will be left with no choice but to delete your account without refund(sorry).
Keep checking back with us though, as this may change. We certainly hope it will.


I made some research and found this: Commission Halts Unregistered Activity By EZ-Investor, John Miller and to all individuals referring investors to EZ-Investor

That explains it.

I doubt though that it's the end for them. Texas issued a cease and desist order against PIPS and yet the program's still up and running, although not (yet?) paying.



Posted by: forwardone

I`ve only ever seen this warning a handful of times out of all the HYIP`s I`ve ever seen. Does it really make a difference, are Admins prosecuted if their programs are invested in to by residents of Pennsylvania?

Geoff



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