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We know someone who is selling "shares" in a "invention" company for various prices. To some members he sells shares for $500 and to others he sells shares/investment in the company for $5-10K. "Members/Investors" did not get to view any documents beforehand. Red flag. The documents apparently have stated that no shareholder/investor can talk to another w/o losing his/her share/interest in the company. Profits/return on investment is not guaranteed. What is "supposedly" promised in return is the making of this invention prototype and trying to sell this to a manufacturing company like Nike. If it sells, people get money back. This gentleman thinks there is no wrongdoing in what he is doing. Can it be possible that he has legal bases covered with the above terms? It seems like fraud.He's supposedly registered as an "LLC". What is he liable for? What kind of legal action can be taken against him as it seems like he is making false/misleading statements and no one knows where their money is going. Or if this creation of the idea is even real or not. They just hear status updates from the person with this invention idea. If terms are all laid out in a contract, then do investors even have a leg to stand on in a court of law? Or can this person get away with collecting all this money and since he never promised to return it, he gets off free? Of course, all the people who have invested are people who trust and are vulnerable and don't know any better to do the research. I strongly believe what this person is doing is wrong, but don't know if there is even a case to pursue since he has it all laid out in "agreements".