If you don't already know, as of December 2010, AuthorHouse and Author Solutions Publishing is being investigated by the US Securities and Exchanged Commission (SEC) with it's Hedge Fund Backers Betram Capital for serious accounting and financial malpractice and suspicion of running a massive Ponzi Scheme.
Part of the complaint alleges that AuthorHouse has defrauded writers of around $85 million in backdated stolen royalty receipts. If you're a writer and have been a victim of the AuthorHouse Scam, you may potentially still be able to salvage your funds as a primary creditor after the case is pursued over the next 14 months.
It will help if you lodge your dispute now to stand a realistic prospect of getting your money back.
Use the following form to file a complaint with the SEC:
https://denebleo.sec.gov/tcr/add.action?c=13
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. As more and more first-time investors turn to the markets to help secure their futures, pay for homes, and send children to college, our investor protection mission is more compelling than ever.
As our nation's securities exchanges mature into global for-profit competitors, there is even greater need for sound market regulation. And the common interest of all Americans in a growing economy that produces jobs, improves our standard of living, and protects the value of our savings means that all of the SEC's actions must be taken with an eye toward promoting the capital formation that is necessary to sustain economic growth.
The laws and rules that govern the securities industry in the United States derive from a simple and straightforward concept: all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it, and so long as they hold it. To achieve this, the SEC requires public companies to disclose meaningful financial and other information to the public. This provides a common pool of knowledge for all investors to use to judge for themselves whether to buy, sell, or hold a particular security. Only through the steady flow of timely, comprehensive, and accurate information can people make sound investment decisions.
