Legisi Holdings   

Posted :Friday, February 25, 2011by zed Send Maill  Tell a Friend

Stay away

The US Securities and Exchange Commission have been awarded an order in favor of seizure of all assets of Gregory McKnight and Legisi Holdings LLC, his investment company. McKnight was under investigation for sometime by the commission for misusing $72 Million of investor money.
McKnight, it alleged, invited investments online through his website legisi.com. Investors were promised as much as 15% monthly in return for their investments. They were told the funds would be invested in foreign exchange, real estate, futures, and stock.
It is now alleged that he invested only $33 Million of the investor money. $27.5 Million of the rest is now assumed to have been used to payback returns to early investors in the manner of ponzi scams. He is also said to have misappropriated $2.2 Million to cover personal expenses and to doling out payments to near-and-dear relatives.
This would affect more than 3000 investors in the US and some 30-odd foreign countries. The freeze order would be applicable to other companies associated with McKnight like Legisi Marketing, Lido Consulting, HBN, and Lindenwood.
Merri Jo Gillette, Regional Director of the SEC’s Chicago Regional Office rounded off the company succinctly:
“Zavvi Entertainment Ltd have no involvement with this website. Due to copyright laws we have had to remove this website.”
Zavvi Entertainment Ltd, a popular chain of retail stores, had received calls from the website’s customers anxious about the fate of their orders. They had purchased the game from zavvidirect thinking it was affiliated to the famous retail chain. Zavvi Entertainment Ltd initiated legal proceedings against Zavvi Direct Ltd, and also arranged for their dubious website to be shut down.

Business & Finance   United States   comments

Dear Friends, Dont forget to bookmark and submit your complaint to social media websites listed here.It will bring more visibility, buzz and fast action to attend your complaint

Comments  :

2035 days ago by olivia leyton   [ Send Maill ]

So what is the current status of the investigation into Legisi...will investors get any money back from this or what? This is taking a long time...

 Comments will be published Only after Moderation

Post Your Comment :


required, use real name


required, will not be published

Website Address

optional, will not be published

Your attitude towards Complaint

 Agree   Neutral   Disagree

Confirmation Code

Consumer Complaints

Submit Complaint

Your Full Name

Your E-Maill Address

Your E-maill will be invisible to others

Company/Product Name

Subject of Complaint

Select Category

Select Country

Complaint Details

Attach Photos ( Optional )

Confirmation Code

Recently discussed

  • Friday, February 24, 2017


    Delivered full-grown galleries

  • Friday, February 24, 2017


    Chartered on in a erudite container

  • Friday, February 24, 2017


    Grown up position

  • Friday, February 24, 2017



  • Friday, February 24, 2017


    Gde Moy Slon

Worst Complaints

Complaints with most comments



Ponzi Scheme Ponzi Scam Investment Fraud

Ponzi Scheme Ponzi Scam Investment Fraud