Americas Watchdog is offering to help all victims of the auction rate securities scandal. The group has termed the auction rate securities debacle, "the single worst case of fraud in US history". Why is this the biggest case of fraud in US history? Over 100,000 US citizens were told by their name brand US bank, a high profile Wall Street stock brokerage firm, or a financial institution that individual investors there was no risk in something called an auction rate security, they were liquid, they were just like cash". On February 14th 2008, the auctions failed, and now over 100,000 US investors are wondering if they will ever see their money again. In this case its $320 billion dollars. This represents the life savings of most victims. Victims can call Americas Watchdog anytime at 866-714-6466
(PRWEB) May 12, 2008 -- Americas Watchdog is offering to help all victims of the auction rate securities scandal for free? Why is this a scandal? Over 100,000 US citizens were told by their name brand US bank, a high profile Wall Street stock brokerage firm, or a financial institution that individual investors should cash in their CD's or money market accounts, because there was no risk in something called an auction rate securities. The victims were also told auction rate preferred shares or auction rate shares investments were safe, they were liquid, etc. On February 14th 2008, the auctions failed, and now over 100,000 US investors are wondering if they will ever see their money again. According to Americas Watchdog, "this is the single worst case of fraud in US history. We want to hear from every victim at 866-714-6466" so we can try to help them".
To further illustrate why this was fraud: according to the New York Times, the big US banks, the big stock brokerage firms and the big financial institutions advised their institutional clients to get out of auction rate preferred shares (ARPS) or auction rate shares (ARS) over a year ago. The big US banks, name brand stock brokers and financial institutions then proceeded to fill in the void left by the big investors, with little mom & pop investors who trusted the bank, stock broker or financial institution come on lines, "its just like cash, there is no risk, you have no worries, you can get your money anytime". According to Americas Watchdog, "it was one big fat lie and it was fraud. These were never safe, these were never liquid, it was a game of old maid, & now tens of thousands of US consumers are stuck with nothing, and dim to no prospects for a future with their money". Victims of the auction rate securities scandal can call Americas Watchdog anytime at 866-714-6466. Their web site is at Http://ARSWatchdog.Com
So what should any individual involved in the auction rate preferred shares (ARPS) or auction rate shares (ARS) scandal do?
According to Americas Watchdog, "we want every victim to call us because they need to start making smart choices to protect themselves and we want to tell them everything we know". Starting with":
Americas Watchdog & their Auction Rate Securities Complaint Center is recommending that most auction rate shares or auction rate preferred shares victim talk with an arbitration law firm that has a specialty in securities law. The group can makes some very good suggestions.
Important Note: Some personal injury type law firms with no securities experience are now creating web sites that say they can help victims with auction rate securities legal issues. If a consumer who was defrauded with auction rate securities (ARPS or ARS) wants to know who to call Americas Watchdog can make some recommendations.
Americas Watchdog will try to explain the secondary market to every consumer who has a auction rate security. The secondary market is a place that has been created to buy investors out of the ARPS or ARS investment. While the secondary market will involve a discounted sales price, a good portion of the discount could be made up in the arbitration process.
Americas Watchdog wants to hear from everyone who was sold auction rate preferred shares or auction rate shares in order to hear what they were told by a US bank, a name brand stock brokerage firm or a financial institution. Again a victim can call Americas Watchdog anytime at 866-714-6466 or visit their web site at Http://ARSWatchdog.Com
Another reason Americas Watchdog wants to hear from every consumer is because of so much disinformation about a miracle fix to the auction rate securities disaster. Disinformation includes, a magic fix by the SEC, state regulatory agencies fixing the problem or even all of the banks stock brokers or financial institutions giving people back all their money. According to the group, "some people have been cashed out, but we fear that's about it. Many of the investments involved in auction rate securities are so toxic that the victims may not get their money back for 20 year if at all (student loans). This is why we want victims to call us as an honest national resource in this incredibly bad situation". The groups number is 866-714-6466.
Americas Watchdog has been at the forefront of trying its best to assist all victims of the auction rate securities disaster. The group intends to continue all of its investigation and its efforts to assist all victims. According to the group,"its been nearly three months and now we really want to talk to the victims of a just like cash, safe & liquid investment that in fact was anything but safe, liquid or just like cash". Anyone who purchased an auction rate preferred shares or an auction rate preferred share should call Americas Watchdog at 866-714-6466 or visit their web site at Http://ARSWatchdog.Com
Americas Watchdog and its ARS Watchdog are all about protecting consumers in what will turn out to be the single worst case of fraud in US history.
NASHVILLE, Tenn. (Business Wire EON/PRWEB ) May 13, 2008 --
PERSONAL LINE TO THE CPA is a new service offered to
individuals/businesses to get through this tough financial climate.
Small businesses and individuals sometimes do not know who to turn to
for good, honest advice.
“I would like to offer true help,”
said Bhupinder S Sood CPA.
Bhupinder S Sood CPA went through major financial overhaul and would
like to offer his experience to others in similar situations. He
promises to take a professional approach to your problem and come up
with a solution. As a truly, unique service 24/7, clients should expect
to receive a response within 24 hours.
PERSONAL LINE TO THE CPA is a new service to financially distressed
Individuals/businesses; quick turnaround, Bhupinder S Sood CPA provides
services to handle individual/business problems.
Obelisk Private Finance provides complete investment, mortgage and savings solutions to ensure clients beat the squeeze, minimising costs and maximising returns.
London, UK (PRWEB) May 13, 2008 -- Obelisk Private Finance has declared they will ensure clients receive only the best, most cost effective international mortgage, borrowing and saving solutions available.
Led by Ken Thorkildsen, the new Director of Obelisk Private Finance, Ken brings over 21 years experience in the financial sector, 12 years as a fully qualified Financial Advisor and is well versed in international mortgage solutions, savings and investments.
Ken comments, "In today's uncertain climate, it is imperative that we get the right finance solution for every single client. I personally ensure that each and every client is presented with a completely tailor-made, profit focused package."
Obelisk Private Finance is one of many specialist companies that the Obelisk Group will be launching in 2008, in a direct response to clients' comments.
Steve Hampson, Operations Director of the Obelisk group of companies adds, "Obelisk Private Finance was really the brainchild of our clients. They talked, we listened, it is as simple as that. With Ken on our team I am very positive that Obelisk Private Finance will be at the forefront of the international finance solutions sector."
Steve continues, "Many of our clients have expressed difficulties when trying to source international mortgages, UK and Irish release of equity and profitable income plans. As a successful, well-established business, Obelisk is able to expand into this area and therefore help our clients reach their investment and savings goals."
With financial markets becoming harder to negotiate, having someone to take care of the paperwork, let you know what is required and by when can really take the pressure off.
Ken adds, "Our international mortgages could enable a property investor to buy a property in an off-plan project - Capital 68 in Bulgaria - for as little as £260 per month based on an average property price with a local mortgage, subject to status. The strength of the Euro also adds to the overall return of the venture, especially if the client decides to repatriate funds."
The company deals directly with key banking and investment institutions from all over the world and is therefore able to put together packages that are both competitive and cost effective. Obelisk Private Finance takes away the anxiety of having to source individual products by providing clients with advantageous buy-to-let mortgages, fund and currency leveraging, off shore banking and profitable income plans individually tailored to their needs.
One of Obelisk Private Finances' key advantage points is the ability to provide mortgages in major property investment countries such as Spain, Bulgaria, Turkey and Italy, bringing a unique financial service based entirely on meeting the clients specific budget.
Steve Hampson concludes, "The service is open to all new business and existing clients. Our goal this year is to expand into a full range of services in the world of property and finance creating a unique one-stop-shop for our clients."
Obelisk Private Finance is happy to answer any questions or queries you may have about the services offered.
For more information on Obelisk Private Finance, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (EIRE)
Email: info(at)obeliskfinance.eu or visit our website: http://www.obeliskfinance.eu
Andrea Elliott Obelisk Group PR & Communications Officer: Tel.: 00 34 952 820 319