PRLog - Feb. 11, 2010 - Today, Carl Catrone, chief investigator of Scam Patrol International announced that a urgent red flag fraud alert was sent to 56 embassies in Beijing advising them of a fraudulent franchise "investment opportunity"
U.S. Fugitive Sam Arnold wants to sell YOU a phony franchise!
Catrone angrily remarked that "Arnold has been swindling people with impunity from China only because he married a Chinese woman which legally prevents extradition"
Catrone also conceded that even though SPI is fully cooperating with Interpol investigators, victims would continue to accumulate since Arnold uses phony press releases, forged bank statements, and paid referrals to say wonderful things about his companies. One victim insists that Arnold even showed her a photo of himself having dinner with the Premier of China which Catrone claims must be a doctored photo.
SPI conducted a six month investigation of the Arnolds and uncovered six different front companies - all operating out of executive suites and using over 30 telephone numbers in just the last year. Catrone is determined to see Arnold apprehended and prosecuted but for now is happy just to alert the public to what appears to be a very lucrative oppotunity, when in fact not one "teacher" at Athena's Higher Learning Center hold's any teaching degree nor any degree in Education, Linguistics, Chinese nor English. According to Catrone "This bogus school is not licensed nor accredited in any country" and he warned investors to steer clear of the obvious sham.
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Scam Patrol International is a volunteer coalition of retired law enforcement personnel, active private investigators, and internet investigators dedicated to smoking out and exposing internet fraudsters. Acting as an early warning system, SPI hopes to minimize victim counts. If you are a victim or know of a fraud in progress please contact Scam Patrol International at ScamPatrol at hotmail.com. Our motto: "Its better to beware than be sorry".