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FAQs–Frequently Asked Questions

Below you will find detailed answers to frequently asked questions. If you want clarification of any answer, feel free to contact us by phone or email.

Q: How do you get my money back for me?

A: We approach each case differently. However, the basics are the same. We develop our cases along two lines, securities fraud and criminal activity. We know that the civil approach is not generally effective. You are going to end up with hefty legal fees and a judgment. We refer fondly to judgments as “legal toilet paper”. The average return, cited in various legal materials is approximately 3.7%. Therefore, after thorough research we file criminal complaints with the proper authorities, and follow up to ensure prosecution. By developing the criminal case, you are relieved of the burden of trying to pursue civil damages without a criminal conviction.

Q: Can’t my attorney do what you do?

A: Yes they can! However, your attorney may not be familiar enough with the regulations, statutes and idiosyncrasies of this sector to prepare a securities and/or criminal complaint that these cases require. Most attorneys attempt to handle things through a civil process which leaves you with two things: a rather hefty legal bill and a judgment that is often difficult to collect. See above.

Q: What do you do differently from other companies claiming to do what you do?

A: We are not familiar with any company that pursues these scams with the approach we have developed. We find there are 4 different types of businesses of this type in this sector: (a). Companies that gather a lot of clients and mail a lot of intimidating “Form Letters”. Those clients of companies that do not respond or do not capitulate to the intimidating rhetoric are advised to get an attorney. (b). Companies that are fronts for bogus deals. These guys lull you to sleep with tough talk about getting your money back but are really setting you up for an investment in another scheme. (c). Companies like (b) but their end results are to hook you up with an attorney filing a “Class Action” suit. (d). There are now lawyers forming companies to go after your money.

Q: How long is my contract in effect?

A: We go after these companies from a securities and criminal perspective and do not stop until they have returned your investment, end up in prison for longer than we are in business, or they die. In the last case, we then go after the widow/estate in an attempt to recover your investment.

Q: How do I know this isn’t a scam?

A: Honestly, you don’t. However, Colt Ledger can offer you several excellent reasons to put your faith in our company. Firstly, Colt Ledger is a licensed private investigator which means he had to undergo a rigorous background investigation by the FBI and State Police, and has to continue education for the duration of his licensure. He also has a concealed carry license which requires another thorough inspection of his background. Furthermore, if you are interested in doing business with us, we can provide you with references so you can find out what we have been able to do for past clients. We provide further proof of security upon request. Our rule of thumb is, “If you are not comfortable with us, don’t do business with us.”

Q: How long does it take to get results?

A: That depends. There are three phases of the process in which we conduct our business. Phase I begins in our Research & Investigation Department. Once you have completed the paperwork and given us the go-ahead, it takes an average of 45-60 days for our R&I Department to put the case together. At that time, we send the packet with all our findings to you for approval. Upon your approval, we forward the information on to the company under investigation, which begins Phase II. From this point, we allow 7-10 business days for a reply from the company, which is usually one of three responses. They will either offer a settlement (typically 56% of your original investment, we are currently recovering from oil and gas scams 70% and higher when Forex, Precious Metals, etc. are included. Once we had a FedEx check on the way back to the investor within an hour of our initial contact. That’s the best case scenario. Sometimes they tell us, “See you in court”, or they simply do not reply. With the latter two responses we move into Phase III, wherein we file complaints with the appropriate authorities and work to have the defrauding company prosecuted.

Q: What agencies are involved in Phase III?

A: We file complaints based on our findings with all the authorities who have jurisdiction over the case along with the local newspapers in the area in which the company operates asking for any and all information about the company currently under investigation. A sampling of the agencies notified may be:
Security and Exchange Commission
FINRA, NASD
CFTC
SEC Oil and Gas Task Force
Federal Bureau of Investigation
U.S. Secret Service
U.S Attorney General
Internal Revenue Services
United States Postal Services
Federal Trade Commission
Consumer Protection Agency
Securities Divisions at State Levels
Attorney Generals at State Levels
State Departments of Revenue
State Bureau of Investigation
Local County Prosecutors
Chamber of Commerce
Better Business Bureau
Dunn & Bradstreet
State and Federal Bar Association

Q: What are your fees?

A: We have two fees. Our one time Research & Investigation fee is based on the amount of your loss and is non-refundable. Once we start this process we do not quit (See “How long is my contract in effect?”). There is a large amount of work, time and expense involved in case research, investigation, and preparation. If legal assistance, travel expenses, additional R&I expenses, or complaint filing fees, etc. are required in a case they are covered by your initial fee which is normally 25% of the recovery. However, adjustments are made for “group participation” in cases, and for the size of the recovery.

Facts–Definitions:

Accredited Investor:

In most instances, an accredited investor is 1.) an individual with a net worth, or joint net worth with a spouse, which exceeds $1 Million at the time of purchase, or 2.) with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
A full definition of what the SEC considers to be an accredited investor may be obtained from the SEC’s website by clicking here.

Joint Venture:

A joint venture, or joint adventure, is but another name for a special partnership. It might be distinguished from a general partnership in that the latter is formed for the transaction of a general business, while a joint venture is usually limited to a single transaction. That is, a joint venture is a special combination of persons in the nature of a partnership engaged in the joint prosecution of a particular transaction for mutual benefit or profit. - Texas Workforce

New firm formed to achieve specific objectives of a partnership like temporary arrangement between two or more firms. JVs are advantageous as a risk reducing mechanism in new-market penetration, and in pooling of resource for large projects. They, however, present unique problems in equity ownership, operational control, and distribution of profits (or losses). Research indicates that two out of five JV arrangements last less than four years, and are dissolved in acrimony. See also strategic alliance. - BusinessDictionary.com

According to the article Can You Skirt the SEC With Joint Ventures?, an investment contract under the Howey Test was defined as follows:
1. an investment of money due to
2. an expectation of profits arising from
3. a common enterprise
4. which depends solely on the efforts of a promoter or third party
Clause #4 gets to the heart of the ‘joint venture’ question. Because you are offering somebody an opportunity to profit by entering into business with you and those efforts to profit depend solely on you, you are thus offering a security and have to take care of your securities law disclosures and any SEC filings you may have to do.

Security/Securities:

[A]ny note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. - §15 U.S.C. 77b(a)(1)