Better late than never, right.
This is the one that burned me out.
I spent countless hours over a 2 year period battling Kim Inman's YMMSS(Your Money Machine Success System), which morphed into STA(Success Through Advertising).
This doubler ponzi started in June of 2002, I started warning people about it's inevitable collapse on my own site in early 2004 and then eventually teamed up with the now virtually dead MatrixWatch.com website which created a section just for YMMSS/STA
Even though the ponzi really failed in November, 2004 when it went over it's guaranteed 90 day cycle times, Kim Inman kept things sputtering along until he finally shut his ponzi scam down in March, 2007.
Over the last few years, I've occasionally tried to find something, anything, that would indicate Kim Inman finally faced some repercussions for starting this scam.
Tonight, I finally stumbled on some further information from the Indiana Secretary of State Securities Division.
There is an Order To Show Cause filed on March 23, 2011 and a Consent Agreement filed on August 3, 2011.
If I'm reading things correctly, Kim Inman has agreed/been ordered to pay $2,000,000.00 in restitution to investors.
It doesn't appear that any further punishment is happening at this time.
Considering that I calculated Inman could have pocketed in the neighborhood of $32 million, it's a bit disappointing to see that he may still be a wealthy man after all of this time.
I'm no expert in reading and understanding these types of documents.
So, is there any chance that he will face any further fines and/or jail time?