News

ATM Profit Centers ordered to cease securities sale

February 15, 2005

Kansas City Infozine: ATM Profit Centers LLC and owner Stephen Durfee were ordered by the State of Missouri's Securities Division to shut down a Web site soliciting investment in ATM Profit Centers.

The site offers investors a "passive investment" in an ATM scrip machine that purports to pay a 41 percent return on investment annually. When contacted by the Securities Division, Durfee stated that he had been involved in a similar offering in Texas that was "shut down" for conducting a Ponzi scheme and violating Texas securities laws. Durfee's prior involvement in the Texas Ponzi scheme was not disclosed on the Web site.

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