Silence is fraud's best friend. Word of mouth is fraud's worst enemy. Pass the word!TM
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Fraud Aid
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| Advertising disclaimer |
: An order issued by a bank regulatory agency, or any agency authorized to do so
by law. In the United States, such orders are issued by regulatory
agencies that fall under the Financial Institutions Regulatory Act of
1978. A cease-and desist order is a very serious document.
The order includes the notice for the opportunity of a hearing, and requires the offending party (financial institution, corporation, responsible individual) to suspend any unlawful, unsafe, or unsound practices. A cease-and desist order is enforceable in a court of law.
Some states and countries have laws that allow an individual to issue a cease-and-desist to stop harassment, stalking, or other behavior that is injurious in some legal way to the issuing party. The appropriate statute must be declared in the text of the order, and the order must be delivered by marshal or registered mail, return receipt requested. Evidence of the issuance should be stored with a third party, preferably the attorney or legal counsel whose advice has been sought about the issuance.
: In the
UNDERGROUND
NETWORK, cease-and-desists are handed out as seriously as
if a court order were attached. Actually, they are only meaningless
threats.
Cease-and-desists are used to intimidate PARTICIPANTS or investors and/or intermediaries who are attempting to gather more information about their investment or who are considering the investment. Labeled as 'troublemakers', such prudent people are a major threat to the operations of a financial scam. Usually the fraudsters find out about the attempts when they receive a call from their bank as a result of investor inquiries.
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