The Truman Group Solicitation of investment in stock of STUS Sent funds, Truman group did not invest and will not return funds Non licensed in Illinios but still selling in Illinios Delray Beach Florida
The Truman Group which describes itself as a full service investment-banking firm has turned out to be a full service rip off company. Ralph Merhi solicited by phone an investment in the supposed IPO of Structures USA (STUS) stock at .50 per share.
After sending them funds to buy this IPO they did not invest in the stock which is now selling for about .07 per share and they will not return the funds. Their compliance officer, Matthew Greenwald, agreed to retun the funds in Nov. of 04, but that never occured. They simply took funds for a specific purpose, did not carry out that purpose, and dispite promises have not returned these funds. A way to commit robbery without using a gun.
Since then they have "merged" with another company, changed their address. The answering service which promises to return your call is usually too full to leave a message and, if you do, they never call back. The president of this company is Kenneth Seluke.
Kenneth
Leaf River, Illinois
U.S.A.