No. of Recommendations: 2
I bought $1,000 shares in AENY at $5/share. Anyone who is a seasoned investor (which I am not) probably knows this very sad tale! Basically, I would have fared far better, in terms of personal satisfaction anyway, if I had given the $5,000 to the people living on the streets of Seattle! Today that stock is worth nothing. AENY was some kind of a shell company that didn't really own the coal mines behind it. The people behind AENY have succeeded in duping investors, taking their money without the SEC or any other "watchdog" agency doing anything to stop them or to help investors get their money back. One of the people behind AENY has a history of this type of thing, yet nothing is done to stop him, no one has gone after him and the others behind AENY. I don't understand why the regulatory agencies don't take action. In the end, I am out $5,000. Any suggestions?
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.