Straits of Magellan

If investors don't organize and protect themselves, says Grant, no one will take care of them. Not the AG in Arizona. Not the regulators in Canada.

"There are no protections for investors whatsoever in the system," he says.

Magellan principals (from left) Les Litwin, Ken Losch, David Dewar.

Magellan principals (from left) Les Litwin, Ken Losch, David Dewar.

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No protection, maybe, except for Zorro on the Internet.

"Here is my message to Big Business who takes advantage of the weak: It's time for you to play by the rules," Zorro writes.

"If you don't, you will force your victims into creating new websites . . . and YOUR name will be on it."

Contact Terry Greene Sterling at 602-229-8437 or at her online address: tgreene@newtimes.com