Possible Fraud Tied to Foreign-based Unregistered Investments

5 years 2 months 2 days ago Thursday, March 21 2013 Mar 21, 2013 Thursday, March 21, 2013 10:51:00 AM CDT March 21, 2013 in News
Source: MO Secretary of State
By: KOMU Staff

 
JEFFERSON CITY - Secretary of State Jason Kander issued an investor alert Thursday regarding possible securities fraud linked to the attempted sale of unregistered investments being offered by a foreign company known as "Profitable Sunrise."
Profitable Sunrise, based in Birmingham, England, has attempted to sell investment plans on the Internet that promise returns of at least 1.6 percent per business day. Some investments promise even higher returns.

"Missourians need to be very skeptical of any investments that promise returns this high," Kander said. "When presented with an opportunity that seems too good to be true, the best thing you can do is call my Investor Protection Hotline at 1-800-721-7996."


Profitable Sunrise is the name under which Inter Reef, Ltd. is doing business. Investors in other states have lost money, prompting authorities in some states to issue cease and desist orders against Inter Reef and its owners, Roman Novak and Radoslav Novak.
Investors were told that their money would be used to fund short-term, risk-free loans to businesses, and that "all funds deposited with us are insured against loss" by a leading investment bank.

In addition to Profitable Sunrise, Felmina Alliance and Roxilia Investments are two other unregistered off-shore, investment programs that promise unrealistic returns and are offering investments online. Kander's Securities Division has ongoing investigations concerning Profitable Sunrise and Felmina Alliance. A review of records held by the Missouri Securities Division revealed that neither of the Novaks, Profitable Sunrise, nor Felmina are registered to conduct securities business in Missouri.

"When you hear of an investment opportunity online, the security and the seller have to be registered with my office or the Securities and Exchange Commission," Kander said. "If you have invested with Profitable Sunrise, Felmina Alliance, or Roxilia Investments, please contact my office."

More News

Grid
List
COLE COUNTY - The sheriff's department said it found pipe bombs, a detonation cord and drug paraphernalia in a Cole... More >>
1 hour ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:54:00 PM CDT May 23, 2018 in News
HALLSVILLE - The NRA Bianchi Cup happens every year in Missouri, however this year, embattled Gov. Eric Greitens made an... More >>
1 hour ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:40:00 PM CDT May 23, 2018 in News
JEFFERSON CITY - The House Special Investigative Committee continued reading the transcript of the testimony of the woman involved in... More >>
2 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:12:00 PM CDT May 23, 2018 in News
JEFFERSON CITY- A revision to Missouri's amateur sports tax credit program could bring more sporting events to Mid-Missouri. The... More >>
2 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:04:00 PM CDT May 23, 2018 in News
CALIFORNIA - The Moniteau County prosecutor filed criminal charges against the former California police chief Wednesday. Michael Ward, 47,... More >>
3 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 2:15:00 PM CDT May 23, 2018 in News
JEFFERSON CITY (AP) - A top official at Missouri's Department of Public Safety had a potential conflict of interest when... More >>
3 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 2:11:00 PM CDT May 23, 2018 in News
JEFFERSON CITY (AP) - A Missouri judge is weighing whether a secretive nonprofit group that supports Gov. Eric Greitens' agenda... More >>
4 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 1:08:00 PM CDT May 23, 2018 in News
COLE COUNTY - The Cole County Prosecutor's Office filed charges Wednesday against a man suspected of having pipe bombs and... More >>
6 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 10:30:00 AM CDT May 23, 2018 in News
JEFFERSON CITY (AP) - Missouri Lt. Gov. Mike Parson says he will be ready to step up if Gov. Eric... More >>
7 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 9:48:00 AM CDT May 23, 2018 in News
COLUMBIA- The city of Columbia will hold the first of seven community policing meetings Wednesday evening. Each meeting is set... More >>
9 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 7:34:00 AM CDT May 23, 2018 in News
BOLIVAR (AP) — The Missouri State Highway Patrol says an 87-year-old man died after a small plane he was piloting... More >>
10 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 6:39:00 AM CDT May 23, 2018 in News
JEFFERSON CITY (AP) - Missouri Gov. Eric Greitens was pulled over Friday while speeding. Spokesman Parker Briden in a... More >>
23 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 6:21:00 PM CDT May 22, 2018 in News
JEFFERSON CITY – The next phase of a new VA facility in Jefferson City is underway. Jefferson City Council... More >>
23 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 6:16:00 PM CDT May 22, 2018 in News
KAISER - One family says it is facing an immigration nightmare. Jia McDevitt's parents were detained at the Jacksonville, Florida, port... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:20:00 PM CDT May 22, 2018 in News
COLUMBIA - MUPD hosted a Citizen's Response to Active Threats training Tuesday. MU senior Olivia Botonis said learning about... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:05:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) - Like actors rehearsing a script, Missouri lawmakers on Tuesday publicly read aloud the previously secret criminal... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 4:35:00 PM CDT May 22, 2018 in News
COLUMBIA- Missouri Lt. Gov. Mike Parson toured Columbia Tuesday afternoon to visit new business locations and talk about everything from... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 3:42:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) - A Missouri environmental group is suing to overturn a law that lengthens the process the Department... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 2:56:00 PM CDT May 22, 2018 in News
Columbia, MO
Broken Clouds 84°
6pm 87°
7pm 84°
8pm 81°
9pm 78°