Ace Invest and Pedro Dispenza/Tom Sornes

Hopefully,one of the lawyers will read this and respond as to possible action against these two.Dispenza operated under the Ace Exclusive Circle name,supposedly a "private" investment club.Trading "units" were purchased and roughly 70% was invested with "traders" who gave a gauranteed return,the other 30% went to expenses.Turns out that the money was invested with Sornes,who ran SNG investment club.When the investments matured(180 days),Sornes would not pay,this is according to Dispenza.In turn,Dispenza is balking at returning everyones invested monies and is trying to use it to start another form of buisness.Additional info. is at several forums,I hope you can start legal proceddings against both of them to put them behind bars and retrieve the invested money before they hide it away.

[randalljd]

Based on what you say here, you could file suit against them (or at least threaten to do so) in small claims court or in regular court; filing in small claims court is easier and requires no attorney...you could try to collect all of the costs and damages that you suffered due to their behavior... You may also report them to your state attorney general's office and to the SEC.

WLD likely could also track them down, prosecute and collect though they usually do charge a basic fee for that. WLD has 280 lawyers in the group covering all U.S. states and 26 countries.

If you may also report this to the securities and Exchange Commission

There's a guy carrying out his own campaign against Pedro's scams:

http://quirkyparrot.blogspot.com/

My friends tell me he is a bulldog, meaning he never quits when he sets to do something. I wish him luck!

Let's all report this!!!

Internet Scam Artist , Warren English , is also part of this Scandinavian fraud team. HCI25 & Global Pension Plan , Mega Pension Plan are all part of the same fraud Criminals. Warren has had numerous Cease & Desist Orders against him and he still continues to perpetuate fraudulent schemes in Cyber space. He should be reported to the Canadian government.

[donUSA]

SNG Invest Newsletter Update

Originally Posted by Tom-Sornes

Regarding Our Ongoing Investigation

We have today received a preliminary report related to the internal ongoing investigation related to the origin of funds for all investments being sent to SNG Invest S.A. The report received contains 172 pages outlining information on our investors names , addresses and other relevant details that members have provided us with.

A summary of the information received at our end, needs to be collated/put together before this can be published. We are unable to provide You with an exact time-frame on this, as from past experience any time-frames given can be misleading and cause a lot of frustration amongst our member/investors. We promise to work hard and do our very best in order to present the information received as soon as possible.

However, we can confirm that there is still some work to be done before we can present the final results of this investigation to our-trading-partners, our cooperating banks and other suppliers. A number of investors to date, have not yet provided us with the documentation required and this matter needs to be resolved - one way or another.

The problem at present is that although the larger percentage of investments can be verified, the lower percentage of funds invested are question-marked as potential, "Black Money"/illegal transactions. Thus resulting in - the lower percentage of undocumented transactions - may become problematic in the near future.

Regarding Foundations/IBCs in Panama

All investors who have purchased Foundations and/or IBCs through Hatfield-Oak need to pay the annual fee in order for Your entities not to be canceled. Unfortunately, we are unable to pay these on your behalf - simply because SNG's funds are blocked until the ongoing investigation is resolved. Therefore we do not have any direct access to the funds. Any requests/questions related to this should be addressed directly to Hatfield-Oak.

Have a wonderful day!

Tom Sornes
On behalf of SNG's administration

Yes I agree that these people should be stopped and all the innocent victims of the PayAce scam should be compensated. I, like many others purchased more than 1000 US dollars for the VIP certificates. After the site never launched I faced the fact that I got scammed. Then, not too long ago...maybe in 2007 i got an email from Pedro talking about another company or something. I replied with a very nasty email. How would they have the nerve to invite me to another scam when they already took my hard earned money from the PayAce biz? They never replied back. Since they were in another country, i thought there was nothing I could do about it to try to fight for my money back. Please if anyone else feels the same way and we can do something about it then I would like to help. Thank you.