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Penny Stocks – Facts to Keep in Mind

Muzahed I.
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Penny Stocks – Facts to Keep in Mind

They say that everyone who is smart about their finances will start investing sooner or later. There are innumerable ways in which you can invest your money, from the traditional stock markets, through investing in real estate to penny stocks which are one of the most interesting ways to invest your money.

If you have done any kind of research on penny stocks, it is very probable that you have heard from both camps, both from those who say that penny stocks are the best thing ever and those who say that penny stocks should be avoided like the plague. Like it is often the case, the truth is actually somewhere in the middle. So, what exactly are the penny stocks and how does one invest smartly in this market?

Penny stocks 101

Penny stocks are shares in certain type of companies, just as in the traditional stock market; however with some very important differences. The first of these is that the shares of these companies are much cheaper than of those in the traditional stock market. Penny stocks are shares of those companies that are sold for under $5 per share. In many cases, the price of these shares is even lower.

In addition to this, penny stocks are not as well regulated as the more traditional stocks, although there are some regulations in place that ensure at least some sort of security when engaging in this market. They are regulated by the Financial Industry Regulatory Authority and the Securities and Exchange Commission. They are traded on Pink Sheets and OTC Bulletin board.

It is also very important to point out that penny stocks are very volatile, meaning that their value can grow and drop very quickly and very dramatically. Because of this, they are considered both to be very risky and also very rewarding if you trade them successfully. But we will get to that later.

The Dangers

We have already mentioned that penny stocks tend to fluctuate in value more substantially than the more traditional stocks. This is the first danger, as it is not unheard of to lose a whole lot of money in a very short time, without even being able to get out of it in time.

Another danger, or more precisely a liability, is that many penny stocks are not required to disclose as much information as blue chip stocks and other types of stocks. This means that you will have troubles finding enough information on some companies and their stocks.

Finally, there is also the problem of a practice called pump and dump which is a certain type of fraud. They are committed by manipulators and stock promoters who buy huge quantities of certain penny stocks and then artificially inflate the price of such stocks. Then, once enough people have been hooked, they dump the shares and get out before the price drops as was the natural course.

Smart Practices

The good news is that there are smart practices that should protect an investor who is ready to apply and who has the discipline to trade in such a volatile market.

The first rule of smart penny stock trading is that you never invest more money than you can afford to lose. This means that you should invest only if you have extra money which you theoretically can lose without ruining your life. Never mortgage your house or get in debt in order to invest in penny stocks.

It is also a smart idea to invest in shares of companies that work in an industry that you understand and that you work or have worked in. This will enable you to analyze the data more precisely and to predict moves on the market.

Another thing that is crucial to your success in trading penny stocks will be the ability to form a strict and firm plan and then to stick with it. For instance, even if you are gaining on a certain trade but it is not performing in the way you expected it to, you should get out of it. Also, do not get tempted by various promises of penny stocks that are not actively traded. Always ensure that the stocks you are trading with are liquid and traded.

If you are interested in learning more about the smart practices in trading penny stocks, we would advise you to check out this infographic  that shows you how to do it. It was done by one of the most successful penny stock traders of all time, Timothy Sykes.

In conclusion

To sum it all up, penny stocks are risky, there is no doubt about that. However, there is a lot to be gained from them as well, especially if you employ smart practices and stay informed and smart about it all.

Author: James D. Burbank has years of experience in branding and marketing in Australia, Europe and Asia and he is always excited to share his insights with those who wish to learn more. You can find James on Twitter – @JBurbank2019.

How to Manage Your Business Reputation?

Muzahed I.
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How to Manage Your Business Reputation?

The world of business is a harsh, dog-eat-dog world and every business owner needs to do everything in his or her power to try and beat the competition. A huge part of every business’ success is its reputation, especially now when everyone is talking about everything online and a smart business owner will always understand the importance of reputation. Here are some things that a truly savvy owner will manage their reputation and ensure its perfect:

1. Never promise what you cannot do

There are people who will tell you that when anyone asks you if you can do this or that, that you should always say yes. They think that saying no will make your business look weak and not that serious. This is a huge mistake. If you are not sure that you can deliver on an order or if you think that your services will not be enough to take care of a certain problem, it is best to say this openly to the customer/client. If you take on more than you can handle, you will ruin your reputation irreparably. Do not be afraid to say no.

2. Never provide less-than-stellar customer service

We all know how important customer service is and it is exactly because of the reputation of your business. It really does not matter if your product is the best on the market or if you provide the services that your competition can only dream of; if your customer service is lacking, your reputation will suffer. Because of this, you should always keep your customer service top notch and always emphasize to your employees that they are there for the customer/client. Even if it is a customer or client from hell. In today’s online world, your poor customer service will become infamous and so will your business.

3. Always Improve

Improvement is another aspect of your business that will have a huge effect on your reputation. Whenever possible, implement new solutions, new products, new and improved services that will let your clients and customers know that you are a serious business which is not afraid of innovation and which is always doing its best to provide more to the customer or client. Once you gain the reputation of an innovator, it will greatly benefit your business.

4. Always deliver in full

It does not matter what it is that you provide for your customers/clients, whether it is a service or a product that you manufacture – you always need to deliver in full. If you provide a service, always do a complete job and do it in time. If you, for instance, manufacture a large, heavy product, make sure you deliver it on time and whole. If necessary, spend extra money on those resilient steel cages that will ensure your product is not damaged in any way when it is shipped.

5. Always stay true to your brand

As your business develops, so will your brand and if you have done well in this respect, your brand will become associated with certain values and certain ways of doing business. People will start expecting certain things from your brand and your business and if you want to keep your reputation intact, you will want to stay true to your brand. You will never go back on something you have declared in the past as your policy or anything.

Keep these five points in mind for business reputation management, do not do anything personally, that might harm your business and your reputation should remain intact. Moreover, it will improve over time as more and more people will become aware of what a solid business it is and how well you do what you do.

Author: James D. Burbank has years of experience in branding and marketing in Australia, Europe and Asia and he is always excited to share his insights with those who wish to learn more. You can find James on Twitter – @JBurbank2019.

Small Business Guide to Branding

Muzahed I.
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“Necessary evil” – that’s how most entrepreneurs and small business owners I’ve crossed paths with see marketing. Sure, in an ideal world we’d all be judged by the quality of our work and our service, but we all know that’s not the way the game works – in this day and age more than ever! Even the smallest markets are saturated with plenty of options in every industry and every sub division of every industry, and it’s extremely difficult to find any sort of competitive advantage.

The more far-sighted among my business acquaintances understand that marketing is arguably the most significant aspect of your business in terms of gaining a competitive edge. In this scheme, the importance of an established and well formulated brand cannot be overstated.

Developing a recognizable brand is a process that doesn’t just happen overnight, especially if your means are limited, which is the case with most small business owners and entrepreneurs. A quality brand usually requires a multi-front approach and a long term commitment to a single, clear vision.

Some people believe that branding is all about a nice logo and a catchy slogan. Even though both of those things can’t hurt, branding is about the entirety of your business. It is the way you present yourself and the way your business is perceived. It is the values you stand for and the way you stand behind them. Every aspect of your business comes into the brand equation.

Understanding that it won’t happen overnight, there are certain paths you should follow and be certain you’re on the right track. Here are a few guidelines you should consider in order to ensure a solid foundation for your future brand.

Define

Before you present yourself to the world, you need to decide how you want to be perceived. What would you like to be the core values of your business? The answer to that question is greatly determined by the nature of your work. You need to focus on one thing, whether it is the value your business represents or a specific quality of your service that separates you from your competition. Remember, you want your business to be the go to place when people require a service you provide, and in order to achieve that you will need to find a way to stand out among your competitors.

Once you define your strategy, the logo, the slogans and all the rest will follow. Be focused, be consistent and be committed to your vision.

Be good on your promise

Whatever it is your promotional efforts offer and promise, make sure you deliver. Attracting the public attention is the easier part – proving you’re as good as your word is where a lot of businesses fail. A clever marketing campaign may entice people to give you a try, but the quality of your service is what’s going to keep them coming back.

Network

You know how every once in a while in your life you have a door opened for you by a personal acquaintance? Well, it works the same in business, doubly so when you’re operating on a smaller level and in a lesser market. Sometimes the best way to move forward is to get a helping hand.

Try to identify businesses that share both your core values and your target clientele, and then make a concentrated effort to connect with them (perhaps getting together behind the same cause, or designing a package deal). Aligning with a successful brand makes you look successful as well.

Spread the word

It is up to you to choose your promotional channels, but you should cover all the bases. Even if you’re focus is on the traditional means of marketing (TV, papers, etc), you should at least have a functional website and utilize the social networks. And don’t forget promotional items. Freebies are a nice way for your logo to enter people’s homes, and that is your ultimate goal – for your business to be considered a house member or a part of the family. If you’re organizing a business or a community event, make sure you have your logo on everything, from gift bags to custom printed labels on water bottles.

Give back

There is no better PR than charity work. Find a cause worthy of your backing, a cause consistent with the core values of your business. You don’t need to donate a million dollars; sometimes a small, local cause can make a big splash. You can be creative with it – sponsor a local sports team, organize a charity event. Feel the pulse of your community and you’ll know what to do.

Jenny Hahn is a marketing consultant from Sydney, Australia who enjoys sharing tips and advice with free thinking entrepreneurs. You can find Jenny on Facebook, Twitter and Google+.

VMware Virtualization—Creating Better Opportunities in 2014

Mary Desilva
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Introducing the VMware virtualization

In the sector of IT infrastructure, the VMware virtualization has been regarded as one of the most authentic and reliable name. The VMware provides amazing and cutting solutions for IT infrastructure that can create excellent possibilities for the companies. The VMware virtualization solutions have been regarded as the best for cloud management on the most professional level. The companies and organizations prefer the VMware virtualization solutions as it can help them to reduce the expenses of capital through server consolidation. Moreover the VMware virtualization solutions are energy efficient and they require less hardware with the server consolidation. The disaster recovery capabilities and possibilities are also worth mentioning here while discussing the VMware virtualization.  The VMware provides great performance to the enterprises by delivering them with highest SLA’s.  The VMware is offering many virtualization certifications for creating enhanced possibilities both for the IT professionals as well as for the enterprises and these are regarded as the best one.

Server virtualization by VMware

The VMware offers the server virtualization which allows the different companies to unlock the traditional system of using one server at one time and enables them to use the multiple operating system and applications. The VMware server virtualization provides a potential basis to the companies and also offer cost effective medium for providing extra ordinary and cutting edge solutions.  The VMware server virtualization solution provides the companies and enterprises with 80 percent increased utilization of the server resources and up to 50% of savings in the cost of operating capitals.

The VMware desktop virtualization

The desktop virtualization solutions by the VMware are also really very famous and are considered as the highest standard for desktop virtualization. It has developed such desktop virtualization solutions for the customers and provides them with most consistent, secure and highly available maximum time and productivity. The streamline deployment and management are the plus points of VMware virtualization. By using the VMware desktop virtualization solutions, the companies can access the remote teleworkers as well as the temporary workers without even sacrificing the performance. the VMware certified associate VCA-DT, VMware certified professional VCP-DT and the VMware certified advanced professional VCAP-DT are the popular certifications offered by VMware regarding desktop virtualization.

Network virtualization solutions by VMware

The network virtualization solutions by VMware are another milestone in the IT infrastructure sector that is providing immense possibilities for the IT professionals as well as for the big companies and enterprises. The network virtualization by VMware provides a complete solution for the physical network in software.  The VMware NSX platform offers the NVP, VMware Cloud, networking and security features to the customers at one platform and delivers excellent possibilities for them.

Summing up the discussion

Bu discussing all the aspects of the VMware Certifications and its virtualization, we can conclude that the customers can definitely take out benefit from the VMware virtualization solutions, software and its valuable certifications that are offered related to Data center, Cloud computing, networking, server and desktop virtualization. By attaining these top certifications, the IT professionals can welcome a promising career path and on the other hand the companies and enterprises can benefit from these solutions for enhanced performance.

Top moneysaving tips on bike insurance

Laura Donnovan
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When we buy insurance we protect ourselves from potential risks. It is precisely the potential risks that set the price of a policy. If the policy holder is classed as high risk then the insurance premium will be high. This goes with full power when we talk about bike insurance. Even though the bikers are only forming one percent of the whole road traffic, they are considered risky to insure as they are involved in many accidents and the fatalities are around twenty percent. There are other factors that the insurance company will take into account too like address, occupation, age etc. Here are some tips that will help you save some money when purchasing bike insurance.

Your bike

When you are out ready to purchase a new bike, you need to think about everything carefully. Although an expensive sporty bike will probably be your dream, you need to know that those bikes are more likely to be involved in an accident so the claims will be made more often so the premium will be a lot. That is why when you buy your bike, think practically. It is a good idea to check the website of the insurer you have chosen to see which bikes they class as high risk.

Try to keep your bike as original as possible

If you are thinking of getting a cheaper model motorcycle and then making many modifications to it, you need to know that the insurance premium in that case will be very high. The reason for this is that it will be very expensive to repair the bike in case of an accident. If you really want a cheap premium, you should try not to do any modifications or at least keep them to a minimum.

Stay safe on the road

If you are not a careful rider and you make many road convictions then your premium is likely to be very high. Try and follow all the road signs and follow the traffic laws strictly and you will not only be safe but you will save money on your insurance, too.

Keep your motorbike secure

If you secure your motorcycle, then there will be less chance of theft or vandalism. It is good to fit am alarm, immobilizer, chains, locks, anchors etc. If you have a garage that you use to park your bike, that will lower the insurance premium even further.

Don’t claim too often

The less you claim off your insurance the better. Insurance companies are encouraging everybody to try and keep their record claim free and they give discounts on the policies. Some companies even offer 20 percent discounts if you manage to stay claim-free for 5 years or more which is quite a lot of money off your premium. In case you find yourself in a small accident, it is always better to cover the costs yourself rather than claim off the insurance.

Before you buy your bike insurance, make sure you research well and read the fine print of the proposed contract. Trying to be sensible and careful on the road will guarantee you very good and cheap insurance.

Are you paying too high house insurance premiums? Get to know that here

Laura Donnovan
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House insurance is a must these days. Our home is our biggest asset, our dream destination, our comfort zone, our safety armor. We must secure it by all means. Don’t we keep dogs to guard our homes at night and security guards to prevent thefts? We even install alarms and cameras to keep burglars away.

We pay premiums to cover for any natural disaster or fire. However, we need to ensure that we should not overpay in the insurance premiums in an effort to cover our homes. Usually, we get carried away with the thought of securing our home and sometimes get trapped in high premiums. Certain insurance companies also try to grab as much money as possible out of the customers’ pockets. We feel betrayed when something happens and we are compensated with a minimal sum of money… sometimes not enough.

Therefore, before we subscribe for a house insurance plan, we must do some homework so that we could get the right value of our home and calculate the right insurance premium amount. Let’s understand here how we could do that.

Usually we insure our homes when we purchase them. The premium is calculated on the price at the time of purchase. If you have been living in your home for a few years now, the market value must have changed and you would need to recalculate the insurance amount and the premium.

House insurance doesn’t include the land as the land is not destroyed neither burned. So while you are calculating premiums, identify the real cost of reconstruction and insure for a suitable amount.

Understand thoroughly what damages the policy covers. You should not take anything for granted, assuming it would obviously be covered. Ask explicitly what damages are covered and what the premium would be if you skipped a few things or added a few things. This will help you calculate the right premium amount.

Over time construction costs rise significantly compared to the cost you purchased your home at. Bricks, cement, iron/steel, labor costs could have become double or even triple if you purchased your home long ago. Keep reviewing the prevailing costs and accordingly calculate your house insurance cover. This way, you would be able to keep your home covered all the time and would save yourself from paying wrong premium amounts.

Admit the fact that your house insurance cover is not governed by the market value of your home. The insurance companies estimate the cover of the cost of reconstruction of the house in that region. So wherever you live, do not ignore your surroundings and the market value of your home while buying the cover and calculate the premium wisely.

Any amount may be less or sometimes more than the needed for your home cover. Therefore, keep calculating your coverage requirements and choose your cover accordingly.

I hope you find this information quite helpful and worthy to be considered when buying or renewing your house insurance. Please share more tips that you think could benefit us and help us keep our home safe paying a reasonable amount of money.

Making Financial Sense of Selling Your Boat

Mike Hall
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Making Financial Sense of Selling Your Boat

If you’re thinking about putting your boat up for sale, there are plenty of things to be worried about. The time it takes to sell your boat, the cost of advertising your boat, negotiating with buyers, and worrying if you’re getting the most value out of your boat – among many other factors. We’ll cover a few of the most time consuming and overlooked aspects of selling a boat that can lead you onto money and time savings.

Getting Help

One of the first and most important parts of selling your boat that you should determine is whether you should hire a broker to help sell your boat, or if you should sell it on your own. A broker will. All of this depends on the estimated value of your boat, and how quickly you want to sell the boat. A broker will likely be able to get your boat in front of more eyeballs and sell it in a short period of time. You also get the peace of mind that you aren’t making a big mistake on the selling price of your boat, and that you won’t be facing any liabilities down the road. Finally, most boat buyers shop on the weekends, which would require you to keep the boat in selling condition at all times and be ready to meet with potential buyers on the weekend.

On the flip side, hiring a broker brings a middle man into the deal, and he or she won’t be doing it for free. There are a variety of different types of agreements that can be made with brokers, but the majority set a bottom price on the boat where no commissions will be made, and then every dollar above that amount earns the broker money.

Advertising

If you hire a broker, they will likely be able to handle all the advertising for you. However if you’re selling on your own, you’ll want to do a bit of homework on the best ways to go about selling your particular boat. If you have a widely manufactured boat, such as a Manitou, you can often rely on posting the listing on bulletins around marinas and boat launching sites, or posting ads on free websites like Craigslist. You’ll typically find enough buyers that will be interested in your boat, and you will spend very little time and money advertising your boat.

For boat owners with specific boat types and models, such as wooden boats, it’s better to find niche boating forums and communities to help advertise your boat. You may also want to consider signing up for a paid listing service to help accelerate the process. Whenever you post listings online, be sure to include plenty of photos and a lengthy description of your boat’s history and its current condition.

Making Repairs

Having a boat in need of repairs not only brings down the selling price of the boat, it deters many buyers from even making an offer. Many buyers are already nervous about buying a boat that is used, and won’t consider a boat that may have hidden issues that have not been fixed. While an inspector is often hired to find these issues, it’s a good idea for you to take care of them before the inspector finds them, and to provide proof that you took necessary steps for fixing up the boat – along with the cost of fixing up the boat.

Keeping It Clean

Just like selling a home, keeping your boat clean makes a huge difference when trying to sell it. First impressions are extremely important when selling anything, and you want a buyer to find your boat clean and in great visual condition when seeing your boat for the first time. For a few bucks, you can go to your local marina and buy some boat polish. Wash and vacuum your boat up, and apply a coating of boat polish to make your used boat look like a new one.

Featured image flickr.com/photos/mycatranch/2613879293/sizes/o/in/photostream/

Reversing Bad Credit: Credit Repair and Debt Negotiation

Muzahed I.
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Reversing Bad Credit: Credit Repair and Debt Negotiation

Most people don’t understand the concept of “bad credit” until it is too late.

Hopefully, we’ve caught you before your credit score tanks – use this as an opportunity to educate yourself. If you’ve already damage your credit, here are some tips to get things back on track.

What Causes Bad Credit?

Bad credit can be the result of any of your accounts being turned over to professional debt collection agencies, a mortgage being over 30 days late, an installment loan being paid over 60 days late, or just having credit accounts that are over the limit.

If any of these scenarios sound familiar, then you’re probably looking for ways to fix your credit so that you can start gaining back on your credit score. Whether you’re looking for a job that does a credit check, trying to buy a car, or applying for a loan, there are plenty of reasons to get your score above the 720 mark.

There are two main ways to repair credit, so make sure to do your research and pick the one that’s best for you.

Option One: Credit Repair

First there’s always credit repair. This is the quickest way to start repairing your credit as it focuses on correcting any claims on your credit statement that you wish to dispute.

Fortunately for you, if you make notification of your intent to dispute, the credit bureau must investigate and resolve your issue in 30 days. Seriously, that’s the law. So naturally, this sort of resolution is the quickest and the cheapest as it doesn’t even require a law firm or lawyer to do it for you. Disputing items on your credit statement is up to you and you alone.

Of course, to make this sort of repair to your credit, you’re going to want to be as thorough as possible. Sometimes errors occur in the statement, so be sure to go over it with a fine-toothed comb before submitting to repayment. Unfortunately in this technological age, there are more and more ways for identity thieves to steal personal information. So as you search, be sure to keep your eyes open for suspicious account activity. If you find some, file a dispute. Doing so will be the first step towards increasing your credit score.

Option Two: Debt Negotiation

The second option for repairing credit is known as debt negotiation. This method is exactly what it sounds like; you – along with your creditors – work to reduce the amount of money that you owe on any account.

According to a Clearwater debt attorney from this office, debt negotiation produces surprising results. Working with your creditors can help reduce your outstanding balance by up to 60%. This sort of settlement agreement can be established by you, a professional negotiator, or a debt attorney. Once established you can start paying your amount until it is settled.

Of course your debt will still be reported on your credit score for seven years, but by settling your debt you’ll be able to increase your total income as well as increase your credit score.

Unmanageable debt can be the scary troll living under the bridge who demands money for fare that you just don’t have. If you feel overwhelmed by your expected payment plan, then debt negotiation may be for you. The amount of over limit fees and increasing interest rates can lead to your account being sold to a collection agency, which only makes you fall deeper into debt. Consider debt negotiation so that you can take back control of your accounts.

Thankfully with the right method of credit repair you can find that your mountain of debt has been transformed into a much more manageable molehill. Putting your finances back into perspective can help you get back on track and back in control.

Featured image flickr.com/photos/lendingmemo/11442336093/sizes/z/

Get Spotted Online By Registering With Yellow Pages Service Providers

Iona Brown
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Get Spotted Online By Registering With Yellow Pages Service Providers

You should advertise your offerings nowhere other than online yellow pages directories as they are the latest and most workable marketing tools of time. With time, users have witnessed the transformation of the much heavier traditional directory into online yellow pages. Such advertising networks are directly contributing to marketing success of small scale and local business trade units that are deprived from exposure and leads. Unlike bigger organizations that have already become a brand in the industry, local business units have to struggle hard for growth. Online business listing directories play the role of a platform from where local or barely known trading units come into the forefront.

Harnessing potential of small scale and local businesses

While there may be consumers who step back when they are asked to buy from local traders, there are also people who solely look for local product or service providers. In order to help indigenous commercial units grow and to support consumers in finding desired services and products, the role of a yellow directory pages comes into play. It is true that these directories not only offer business exposure but they are instrumental in driving traffic as well.

Since, the task of bringing unknown local businesses to light is a big ordeal, businessmen can blindly have faith on business listings and allow the directories to do the task on behalf of traders. It is true that consumers are least interested in checking page results of service or product providers; they are rather interested in finding respective solutions faster. Now, suppose your site shows up better prospects to consumers than your contenders. What will happen? Your business’s visibility will automatically increase while consumer visits will turn into leads. Now, that is called smart business strategy.

What will interest you more is that the closer your site appears on the search list the more likely are you supposed to attract consumer attention.

Local businesses coming into the forefront

When it comes to topping the list, local traders can hardly deny the role of a business directory. However, you have to first think of grabbing the topmost advertising spots as the directory will pave your way towards success. The online advertising solutions these business listings provide are highly impactful in helping your business become more noticeable so that consumers will hardly make the mistake of visiting a competitor site.

While mending local presence for your website, an online yellow pages directory will secure your site’s visibility in the market. The business listing will place your business in a particular commercial domain, where the former belongs. Your trading unit will now be able to earn a name by itself. Besides, your company will also be able to gain a position from where it will achieve better visibility while appearing higher in the search results for the business category it belongs to.

A yellow pages directory will help you dominate the market and also the business category you deal with. Generating qualified leads from normal traffic is a big reason why business directories are making a mark in the commercial world.

Sunny Skies Turn Cloudy for Movie Investors

Muzahed I.
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Sunny Skies Turn Cloudy for Movie Investors

The tinsel in Tinseltown has lost its sparkle for people who have found themselves victims in a fraudulent investment scheme involving Big Sky Motion Pictures. The owners of the film production company are accused of recruiting people to invest in Big Sky movies with little to no risk. Investors were told that popular Hollywood celebrities would star in the movies, but the films were never made. Investors were also promised a huge financial return, which was never realized.

One investor told CBS News she invested $315,000 of her retirement money in Big Sky and was promised $1.5 million in return. The investor said she never received the money promised to her and now she is in risk of foreclosure. It appears the company’s only prominent film is the 2007 movie, What Love Is, starring Cuba Gooding Jr. The movie reportedly grossed $18,000 for one week in 42 theaters.

Big Sky in Court

Fraud is a federal offense handled by State or Federal prosecutors. Per the website of Hofland & Tomsheck, found at www.hoflandlaw.com, “…the prosecutor has the burden of proving…guilt.” Big Sky had been ordered by a Los Angeles Superior Court judge in March 2008, to cease-and-desist its solicitations of investments from California residents. Apparently the owners continued because four years later, a Los Angeles Superior Court judge granted a permanent injunction preventing the owners of Big Sky from offering and selling unregistered securities to the public. The judge also ordered the company to make restitution of $180,000 to six investors.

On Feb. 20, 2014, the Securities and Exchange Commission filed an indictment in the U.S. District Court for the Central District of California against three California residents for defrauding people with promises of big returns for their investment in multimillion movies. One of the residents indicted was Randy Chortkoff, an executive with Big Sky. Big Sky Motion Pictures was not named in the SEC complaint.

Legal Help for Fraud Victims

People who are victims of investment schemes and want to get their money back have legal options available to them. Here are the steps to take in preparation to file a legal complaint:

  • Contact an investment fraud attorney who will determine whether you have a valid claim against the responsible party. In the case of Big Sky, it has already been proven that the company is responsible for the financial losses of its investors.
  • Show evidence of the fraud. Present financial documents showing the amount of money you invested and the specific amount of return promised on your investment.
  • File an investment fraud lawsuit against the responsible party. Your attorney will prepare the lawsuit which could be filed in state or federal court–it will depend on the type of law violated. For instance, Big Sky investors who live in California would file a lawsuit in the county in which they live because California laws were violated. Your attorney will know in which court to file your lawsuit.

Big Sky Motion Pictures will be tied up in state and federal court for quite some time. The owners will not have time to produce movies because they will be busy finding ways to make restitution to their investors based on the court’s order. If you invested with this business or any other type of fraudulent investment, contact legal counsel as soon as possible.

Teresa Stewart, freelance writer, often researches new investment strategies. She shares this post for others to be especially thorough in investigating telemarketing get rich quick schemes.

Featured image flickr.com/photos/21644167@N04/6487776421/

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