The Swedish Financial Supervisory Authority (Finansinspektionen) issued a warning against "Economic Frauds", an unauthorized firm posing as a fraud recovery company. Finansinspektionen has received complaints that Economic Frauds, located in Florida and operating the website http://economicfrauds.com/, is offering unauthorized financial and legal services. Additionally, Economic Frauds appears to be recruiting further victims through warnings of other fraudulent organizations on its website, in order to perpetrate an advanced fee fraud scheme itself.

1. Warning Against “Economic Frauds”,
economicfrauds.com.

2. Finansinspektionen (the Swedish Financial Supervisory Authority) issues
warning against so called fraud recovery firm “Economic Frauds”.
Finansinspektionen (the Swedish Financial Supervisory Authority) has today
published this statement in order to warn investors against dealing with
unauthorized firms. “Economic Frauds”, with a postal address of PO Box
22247, Fort Lauderdale, Florida 333 35, and
websitehttp://economicfrauds.com/, is not
authorized by Finansinspektionen and is therefore not
entitled to provide financial services.
Finansinspektionen has not received any notification of
cross-border activities from other EES countries.
Finansinspektionen has received a number of
complaints that “Economic Frauds” are
offering financial and legal services for which
they have no authority to do so. All regulated business’ in Sweden
are listed at Finansinspektionen’s website at www.fi.se.

3. “Economic Frauds” issue warnings against other fraudulent
organizations on their website http://economicfrads.com/,
looking to recruit victims of one fraud in order to further
defraud these victims a second time. Their scam is an evolution
of the Advanced Fee Fraud scheme.
About Finansinspektionen
The Swedish Financial Supervisory Authority,
Finansinspektionen, is a public authority. Our role is to promote
stability and efficiency in the financial system as well as to
ensure an effective consumer protection. We authorise,
supervise and monitor all companies operating in Swedish
financial markets. Finansinspektionen is accountable to the
Ministry of Finance.

4. Is Economic Frauds at
economicfrauds dot com a scam
website?

5. (2) On June 8, 2012 at 10:47 am Wrey76 [0] said:
It seems that rather than addressing the question as to why her scam website
http://peoplealliancecorp.com/ shares the exact copy as that of a proven boiler room
operation, "Emilia Chidester" has had my blog taken down.
It will return.
In the mean time, evidence of that link is http://www.freeimagehosting.net/hmqum
and http://postimage.org/image/47kl3k2gn/
If you want to check for yourself, just put the following (including the quotes) into
Google and you'll get all the proof that you need that Emilia Chidester, People Alliance
Corp and Economic Frauds (http://economicfrauds.com/) are a scam.
"Be it wealth accumulation, wealth preservation or wealth transfer, you and your
financial goals get center attention"
Ernest Green Group Ltd. http://www.e-greene.com/ are a proven boiler room
operation with many warnings against them.

6. (1) On May 30, 2012 at 10:36 am Wrey76 [0] said:
Dear Emilia Chidester,
If you are being unfairly slandered, perhaps you would care to
comment on this blog post,
http://economicfrauds.livejournal.com/ which clearly links your
website for People Alliance Corp
(http://peoplealliancecorp.com/), and by extension "Economic
Frauds", with the boiler room operation Ernest Green Group
Ltd?
There is no logical reason why your website should share copy
with that of a proven boiler room, unless of course you are part
of the same criminal organisation!!!!!!
Warning against "Economic Frauds", "People Alliance Corp" and
"Emilia Chidester".
See http://economicfrauds.livejournal.com/ for details.