TIRN ( traders international returns network )

and now they are indicted by the SEC....so I guess that the naysayers weren't so crazy after all!

The complaint alleges that Traders International Return Network, a Panamanian company it said Merrick controls, raised money from investors to buy stocks and other investments, but instead transferred the funds to other companies Merrick controlled. It says Merrick appropriated $3.7 million for his own used.

The complaint alleges that $8.8 million was transferred to Anres Technologies Corp., a privately owned company that issues pre-paid debit cards. It also alleges that $2.3 million to was transferred to overseas accounts.

A federal court judge in Orlando issued an injunction against Merrick and companies named in the complaint prohibiting sales on interests in Traders International Return Network.

Merrick couldn’t be located for comment. Several of the companies cited in the suit are listed as inactive by the Florida Division of Corporations.

FYI,...and think about it!!


http://www.cftc.gov/stellent/groups/public/@lrenforcementactions/documents/legalpleading/enftrincomplaint10132009.pdf


U.S. Commodity Futures Trading Commission, Plaintiff
versus
Trader's International Return Network and David Merrick, Defendants

Please contact me if you know anything about the tirn situation laurielarson@bellsouth.net

They are in litigation with the SEC: David F. Merrick, Traders International Return Network, MS, Inc., GTT Services, Inc., MDD Consulting, Inc., and Go ! Tourism, Inc.: Lit. Rel. No. 21248 / October 15, 2009

They are in litigation with the SEC. Go to the SEC website and look for lr21248.

I was told by my sponsor that my money was transferred to precious metals returns - what BS! I am very mad at my sponsor - he tells me to give it time - it will all worked out. He said the same thing when I wanted to get my interest out -- I was scammed!! I called the SEC - and they are on to the pmreturns thing. I'm going to sign up for the case against TIRN - MyTIRNlawsuit.com - Litigation Against TIRN (Traders International Returns Network). Does anybody know if we can also sue our sponsors? They are the ones that got us into this thing!! If anyone knows, please post.

Originally Posted by Unregistered I was told by my sponsor that my money was transferred to precious metals returns - what BS! I am very mad at my sponsor - he tells me to give it time - it will all worked out. He said the same thing when I wanted to get my interest out -- I was scammed!! I called the SEC - and they are on to the pmreturns thing. I'm going to sign up for the case against TIRN - MyTIRNlawsuit.com - Litigation Against TIRN (Traders International Returns Network). Does anybody know if we can also sue our sponsors? They are the ones that got us into this thing!! If anyone knows, please post.

Likely so. They are acting as agents in helping to sell unregistered securities. Contact your and their state attorney general's office and if you have enough money involved to make it worthwhile then your own attorney.

I was approached to "join" TIRN about 6 weeks ago from some friends. I was immediately suspect of the entire operation. Not to mention the unbelievable returns, I was taken back to be in a room full of investers who invested in the following manner. 1) Go to Washington Mutual and deposit money into GTT Services, Inc. account, 2) Take your reciept to your sponser and they will set up your internet TIRN account.

30 minutes of internet research yielded that David Merrick had originally incorporated GTT Services electronically around a 18 months ago. He also transferred all ownership to "Pedro", who lives in a rented house in the ghetto in S. Florida. The articles of incorporation listed a fictitious address and phone number for the corporation's "registered agent". Their listed physical address in Orlando is in the hood.

Hello????? I am going to deposit MY money into that corporations account? DUH!!!!!!!!!!!!!!!!!!!!

For the folks who invested...don't beat yourself up too much. A good con artist is a good con artist. I am sorry for your loss (it is and you haven't realized it yet).