Wednesday, September 30, 2009

SEC attacks VR offering

Here's a fresh example of desperation and how not to do business, courtesy of the SEC, which is attacking most of those involved in 3001 AD LLC, a virtual non-entity that made wild promises about relations with Disney execs and more, en route to raising a reported $20MM, fraudulently. While the 3001AD site is apparently gone, here's how they once described themselves.

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