Discussion about AVO INC

[Thanetman]

I'm not convinced LR is the source of trouble, but i can imagine they get a lot of support e-mails and other queries. I mentioned before, they are very slow(literally weeks!) to answer e-mails.

[calabasa]

I received this email from LR today. Anyone else get this too? My reply to their email follow after the email. I omitted the name of the compliance person who sent this letter for his privacy. I'd like to get your feedback on the idea of filing a class action lawsuit against AVO for refusing to go through LR verification process and delaying our funds.

Dear Customer,


Please note that Avo Inc Liberty Reserve account has been selected for a
standard verification procedure based on the complaints received from
other account holders and possible registration requirements based on
their location and jurisdiction.

Safety and integrity of your funds and entire Liberty Reserve system has
always been our primary concern. To ensure and enforce this important
aspect we select businesses for verification in accordance of our local
laws and regulations. As a result of this verification request,
unauthentic documents have been provided by Avo account holder, account
holder has also attempted to forge other public information and their
website has seized its operation. This unacceptable behaviour will not
be tolerated and is in direct violation of the Terms of Service, that
every user accepts when their Liberty Reserve account is opened.

Please contact Avo Inc and suggest to them to complete their account
verification procedure so that you may have access to your funds in
their system and withdraw them at your will. Please also note that it is
illegal for us to take any action against their account without a proper
court order and due diligence paperwork from relevant authorities. Since
Liberty Reserve is not in any way associated with Avo Inc, directly or
indirectly- we have no way of confirming what is owed to whom and how
their business was operated in details.

We appreciate your understanding and patience in this matter. As with
any business online ALWAYS check for the following before starting to
work with them:

1. Authenticity of their registration papers and relevant certificates
of compliance.
2. Existence of a physical location and contact options other than e-mail.
3. Their corporate registration status in the country of their jurisdiction.
4. Any references of their business from credible sources: government
registry, tax authorities, phone books, etc...
5. ALWAYS REMEMBER to take extra caution and to perform extra due
diligence for any opportunity that you come across online which exceeds
offers available to you locally from a reputable institution in the
place of your residence.

Thank you for your understanding and support.

Compliance Department
© 2002 — 2012 Liberty Reserve. All rights reserved.

Here's my reply:

Greetings Alexander,

Thanks for the update! I tried to contact AVO but their emails, their website and their phone lines are down.

If we can't get a hold of them, what happens next? Does LR indefinitely hold AVO's funds? How can we get a court order? Can you possibly send another email to AVO investors about where to start if we want to bring a class action lawsuit against AVO in Costa Rica for refusing to go through your verification process and for delaying our funds?

I appreciate your feedback!

Thanks!

[ICQ]

See guys,who is the trouble maker now...we must to follow every steps if we want our money back...and it would be better ,we works together than separated stay tune in here guys...we have to make giant super wave to faced both of them..

[Thanetman]

Originally Posted by calabasa

I received this email from LR today. Anyone else get this too? My reply to their email follow after the email. I omitted the name of the compliance person who sent this letter for his privacy. I'd like to get your feedback on the idea of filing a class action lawsuit against AVO for refusing to go through LR verification process and delaying our funds.

Dear Customer,


Please note that Avo Inc Liberty Reserve account has been selected for a
standard verification procedure based on the complaints received from
other account holders and possible registration requirements based on
their location and jurisdiction.

Safety and integrity of your funds and entire Liberty Reserve system has
always been our primary concern. To ensure and enforce this important
aspect we select businesses for verification in accordance of our local
laws and regulations. As a result of this verification request,
unauthentic documents have been provided by Avo account holder, account
holder has also attempted to forge other public information and their
website has seized its operation. This unacceptable behaviour will not
be tolerated and is in direct violation of the Terms of Service, that
every user accepts when their Liberty Reserve account is opened.

Please contact Avo Inc and suggest to them to complete their account
verification procedure so that you may have access to your funds in
their system and withdraw them at your will. Please also note that it is
illegal for us to take any action against their account without a proper
court order and due diligence paperwork from relevant authorities. Since
Liberty Reserve is not in any way associated with Avo Inc, directly or
indirectly- we have no way of confirming what is owed to whom and how
their business was operated in details.

We appreciate your understanding and patience in this matter. As with
any business online ALWAYS check for the following before starting to
work with them:

1. Authenticity of their registration papers and relevant certificates
of compliance.
2. Existence of a physical location and contact options other than e-mail.
3. Their corporate registration status in the country of their jurisdiction.
4. Any references of their business from credible sources: government
registry, tax authorities, phone books, etc...
5. ALWAYS REMEMBER to take extra caution and to perform extra due
diligence for any opportunity that you come across online which exceeds
offers available to you locally from a reputable institution in the
place of your residence.

Thank you for your understanding and support.

Compliance Department
© 2002 — 2012 Liberty Reserve. All rights reserved.

Here's my reply:

Greetings Alexander,

Thanks for the update! I tried to contact AVO but their emails, their website and their phone lines are down.

If we can't get a hold of them, what happens next? Does LR indefinitely hold AVO's funds? How can we get a court order? Can you possibly send another email to AVO investors about where to start if we want to bring a class action lawsuit against AVO in Costa Rica for refusing to go through your verification process and for delaying our funds?

I appreciate your feedback!

Thanks!

That's interesting, it implies that there is a time loophole with LR that HYIPs can exploit, that is they have sufficient time to set up accounts, websites etc get investors money and run before LR gets round to checking them out. (And LR only does this if there is sufficient complaints....by then it is TOO LATE!)

SO , although i have no governmental weight in the matter, i propose NO hyip can be set up and operate WITHOUT a clearance from LR, PM etc. to start with.

Bump:

Originally Posted by Thanetman

That's interesting, it implies that there is a time loophole with LR that HYIPs can exploit, that is they have sufficient time to set up accounts, websites etc get investors money and run before LR gets round to checking them out.

SO , although i have no governmental weight in the matter, i propose NO hyip can be set up and operate WITHOUT a clearance from LR, PM etc. to start with.

I think Due Diligence often draws a blank - the hyips cover their tracks very well. I believe that just having an account with LR, PM etc is NOT enough and they must be checked through by LR, PM etc before being permitted to "run" a business.

Bump: It may be that LR (etc) will raise it's deposit fee OR possibly add a transaction fee where HYIPS are involved in order to cover the costs of this extra task, but i suspect many investors would be happy to pay to cover for the security.

[Thanetman]

It seems things have died down on this thread. Unless something useful happens soon, AVO INC will become one of the "dusty" relics in this blacklist.
I hope casabala gets a reply from LR.
I'm not sure if LR will find it easy to locate all the AVO members unless it can list all those who used the AVO account numbers.

[ICQ]

Originally Posted by Thanetman

It seems things have died down on this thread. Unless something useful happens soon, AVO INC will become one of the "dusty" relics in this blacklist.
I hope casabala gets a reply from LR.
I'm not sure if LR will find it easy to locate all the AVO members unless it can list all those who used the AVO account numbers.

Yeah brother,it seem like others, game had been ova,I wonder who have bigest profit in this session,I never trust LR anymore they real crooked!......happy merry Christmas, may God blessing you in the Christmas coming this years

[Thanetman]

In line with my earlier suggestion, i propose that as part of your Due Diligence, ask Liberty Reserve (or other e-currency transactions company) if the company you are about to invest in has been subjected to and passed a "standard verification procedure". If NOT, ask why it was 'nt tested and DON'T invest (no matter how marvellous the reports or Website appearance). Liberty Reserve DOES warn about HYIPs, but why it does 'nt check them out is not clear - i suspect LR does not know when these HYIPs have just registered their account(s) with LR.

[dennison]

Pm me for more detail about this real investment program

Bump: *

[lina123]

since nothing hyip paid me and take run away my money,i m stopped play money on hyip,then i m continue to play on currency by myself.not bad,soo easy to get money get his own kids,rather than being cheated

[Thanetman]

Originally Posted by lina123

since nothing hyip paid me and take run away my money,i m stopped play money on hyip,then i m continue to play on currency by myself.not bad,soo easy to get money get his own kids,rather than being cheated

How and where are you doing this lina?