The SEC is presently investigating this matter.
I need Any one who has lost money in the Millionaires Housing Project, Navigators, Z-Cash to contact The United States Securities Exchange Commission. There has been a new case file started. They need to here from you.
This matter is being taken seriously, and I know there are other individuals who have lost money.
This is a serious matter, lets stop these individuals before they hurt some one else
please contact these agencies .
There is an ongoing case right now with SEC
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20416 / December 27, 2007
SEC v. Navigators International Management Co., Ltd., James R. Spurger and Benjamin W. Young, Jr., Case No 4:07-cv-04518 (S.D. Texas)
SEC Charges Navigators International Management Co., Ltd., James R. Spurger and Benjamin W. Young, Jr. with Conducting Fraudulent and Unregistered Securities Offerings
US SEC http://www.sec.gov/complaint/cf942sec9570.htm
on line complaint formhttp://www.sec.gov/complaint.shtml
Texas State Securities Board
P.O. Box 13167, Austin, Texas 78711-3167
208 E. 10th Street, 5th Floor, Austin, Texas 78701
(512) 305-8300http://www.ssb.state.tx.us/Inspections_ ... plaint.php
The hearing for this is in 2010. No judgment has been awarded yet. This is to stop what they were doing and account for all monies and interest from all there ill gotten gains plus interest.
Plus to pay all civil penalties. If you are involved you need to file a report so if a judgment is issued you may get your money back.
The complaint also alleges that one or more of the defendants acted as an unregistered broker in each of these three offerings. According to the complaint, Navigators, Spurger and Young violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks a judgment permanently enjoining Navigators, Spurger and Young from violating these provisions of the securities laws and ordering all three to pay civil penalties and provide an accounting of, and disgorge, ill-gotten gains with prejudgment interest.