Nick J Vlittas
Ponzi Scheme, bounced cheques, bankruptcy, theft, con

This guy has defrauded several people with a simple Ponzi scheme based on the Toronto Stock Exchange. Asks you to invest in $5, 000 to reserve a "spot" then guarentees 20% monthly returns ($5, 000 invested promises $1, 000 monthly return). In typical fashion, he pays out old investors with new investors' money. When you ask to take your out, he claims that the banks have frozen his account and is involved in a complex legal battle that will take years to settle (you're never going to see that money!)

He's claimed bankruptcy, has driven others into bankruptcy, bounced cheques to computer stores and has had his wages garnished.

Stay away from this guy.

Njv
Toronto, Ontario
Canada

Company: Nick J Vlittas
Country: Canada
Province: Ontario
City: Toronto
Address: 1 Toronto St

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