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Imaging Diagnostic Systems (fka IMDS)

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Last Post: 2/5/2015 9:54:25 PM - Followers: 285 - Board type: Free - Posts Today: 0


Information on IMDS's distributor to four European countries

CTLM Distributors

Austria -
Lebada USA
Tel: +954-594-2409

Republic of Moldova -
Lebada USA
Tel: +954-594-2409

Romania - Lebada USA
Tel: +

Ukraine - Lebada USA
Tel: +

Hungarian International Tabernacle Center

Mailing Address: 1581 NW 132nd Ave
Pembroke Pines, FL 33028-
Street Address: 12401 Stirling Rd
Cooper City, FL 33330-

(954) 594-2409
Pastor: Rev. Ovidiu T. Lebada


Ovidiu T. Lebada
1581 MW 132 Ave
Pembroke Pines, Florida 33028
United States

Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Created on: 25-Aug-10
Expires on: 25-Aug-12
Last Updated on: 22-Aug-11

Administrative Contact:
Lebada, Ovidiu T. lebadausa@comcast.net
1581 MW 132 Ave
Pembroke Pines, Florida 33028
United States
(954) 594-2409

Technical Contact:
Lebada, Ovidiu T. lebadausa@comcast.net
1581 MW 132 Ave
Pembroke Pines, Florida 33028
United States
(954) 594-2409


1581 NW 132ND AVE

Location Type: Single Location

Industry: Food Preparations, N.E.C.

Ownership: Private

Year Founded: 2003

Sales Range: Under $500,000

Employees: 1 to 5

LEBADA USA INC is in the Food Preparations, N.E.C. industry in PEMBROKE PINES, FL. This company currently has approximately 1 to 5 employees and annual sales of Under $500,000.

SEC Charges Imaging Diagnostic Systems, CEO, and CFO With Fraud


Litigation Release No. 22801 / September 18, 2013

Accounting and Auditing Enforcement Release No. 3486 / September 18, 2013
Securities and Exchange Commission v. Imaging Diagnostic Systems, Inc., Linda Grable, and Allan Schwartz, Civil Action No. 0:13-cv-62025 (S.D. FL.) (September 13, 2013)

SEC Charges Imaging Diagnostic Systems, CEO, and CFO With Fraud

The Securities and Exchange Commission today charged Florida-based medical technology company Imaging Diagnostic Systems and two top executives for making material misstatements and omissions in public filings about the timing of its Food and Drug Administration (FDA) application and its failure to remit payroll taxes to the Internal Revenue Service (IRS).

According to the SEC's complaint filed in U.S. District Court for the Southern District of Florida, Imaging Diagnostic Systems is engaged in the development and testing of a breast imaging system called CTLM® that purportedly uses a laser to detect breast cancer. The company has failed to obtain FDA approval to market and sell the CTLM® in the United States. From October 2008 to December 2009, Imaging Diagnostic Systems repeatedly disclosed in filings and letters to shareholders that it expected to file by specific deadlines a premarket approval application with the FDA to obtain permission to market and sell the CTLM®. The company failed to meet its projected deadlines. In fact, CEO Linda Grable and CFO Allan Schwartz knew there was no basis for the projections because Imaging Diagnostic Systems did not have enough cancer cases to finish its clinical trials and could not pay for the clinical sites.

The SEC further alleges that beginning in early 2010, Imaging Diagnostic Systems stopped remitting payroll taxes to the IRS for its employees. The company's failure to pay payroll taxes constituted a known commitment, event, or uncertainty of the type that should have been disclosed in the Management's Discussion and Analysis sections of the company's periodic filings, which were signed by Grable and Schwartz. However, the company did not publicly disclose that it failed to remit payroll taxes until more than 16 months later, and even then still failed to disclose the risks associated with its failure to pay payroll taxes.

The SEC's complaint also alleges that Grable and Schwartz failed to file beneficial ownership reports in 2009, 2010, and 2011 despite having received stock or options.

The SEC's complaint charges Imaging Diagnostic Systems, Grable, and Schwartz with violating Section 17(a)(2) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b). The complaint alleges that Imaging Diagnostic Systems violated Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13. The complaint alleges that Imaging Diagnostic Systems and Grable violated Section 14(a) of the Exchange Act and Rule 14a-9; Grable and Schwartz violated Section 16(a) of the Exchange Act and Rules 13a-14, 13b2-1, and 16a-3; and Grable and Schwartz aided and abetted the company's violations of Sections 10(b), 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 10b-5(b), 12b-20, 13a-1 and 13a-13. The SEC seeks financial penalties and permanent injunctions. The SEC also seeks penny stock bars and officer-and-director bars against Grable and Schwartz.

The SEC's investigation was conducted by Jenny A. Trotman and Kathleen Strandell and supervised by Thierry Olivier Desmet in the Miami Regional Office. The SEC's litigation will be led by Robert Levenson.

SEC Complaint


Item 8.01. Other Events. 8-K Summary

On September 19, 2013, Imaging Diagnostic Systems, Inc. ("IDSI") was served with a Complaint filed by the U.S. Securities and Exchange Commission (the "SEC") in the U.S. District Court for the Southern District of Florida against IDSI, IDSI's chief executive officer Linda Grable and IDSI's chief financial officer Allan Schwartz. The Complaint alleges that the Company and the individual defendants made material misstatements and omissions in public filings in 2008 and 2009 regarding the timing of its application for FDA marketing approval and in 2010 regarding IDSI's failure to remit payroll taxes to the Internal Revenue Service. Finally, the SEC Complaint alleges that Grable and Schwartz failed to timely file beneficial ownership reports in 2009, 2010 and 2011 regarding grants to them of restricted stock and stock options.

The Complaint charges IDSI, Ms. Grable and Mr. Schwartz with violating Section 17(a)2 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) under the Exchange Act. The Complaint also alleges violations of various other provisions of the Exchange Act and rules thereunder. The SEC seeks permanent injunctions against securities law violations, as well as penny stock bars and officer and director bars against Ms. Grable and Mr. Schwartz. The Complaint also seeks unspecified civil financial penalties.

IDSI and the individual defendants are in the process of analyzing the Complaint and their defenses.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

#38706  Sticky Note IMDS STOCK REVOKED- August 1, 2014 janvonscanner 08/03/14 07:43:38 PM
#37437  Sticky Note IMDS stockmasterflash 03/27/14 01:03:13 PM
#39060   What would have married it ? Smilin_B 02/05/15 09:54:25 PM
#39059   Remarried and moved to Colorado I heard. Took janvonscanner 02/05/15 09:25:31 PM
#39058   IMDS had the cure for richness. Smilin_B 02/05/15 07:12:42 PM
#39056   Debbo has been strangely absent for a couple stockmasterflash 02/05/15 09:08:25 AM
#39053   How do you know that? LongnShortOfIt 12/08/14 09:16:35 PM
#39047   Burn baby burn Smilin_B 12/08/14 12:26:59 AM
#39043   Yes, they know and the refile is in BillG2436 12/06/14 11:48:36 AM
#39042   I wonder if the new owners of this janvonscanner 12/05/14 05:07:49 PM
#39041   Deb is out in Colorado. Moon is probably janvonscanner 11/24/14 11:16:26 AM
#39040   Oh, my bait was out there for those LongnShortOfIt 11/24/14 11:05:13 AM
#39039   IMDS stopped going to RSNA a few years janvonscanner 11/24/14 10:02:54 AM
#39038   Don't see IMDS on RSNA exhibitors list!! LOL LongnShortOfIt 11/24/14 08:43:31 AM
#39036   You are not kidding. GrundleHunter 11/13/14 10:02:36 AM
#39035   What do they call it? Sharks eating their janvonscanner 11/13/14 10:00:34 AM
#39034   Pierce the corporate veil! GrundleHunter 11/13/14 09:24:58 AM
#39033   My 100% guess is that Hicks knows there's LongnShortOfIt 11/13/14 12:51:44 AM
#39032   Anyone want to guess what happened to the janvonscanner 11/12/14 08:19:07 PM
#39031   Guess the long line would form behind him! LongnShortOfIt 11/12/14 04:22:05 PM
#39030   Someone needs to register to see what the janvonscanner 11/12/14 12:05:13 PM
#39029   yet another lawsuit filed against Imaging Diagostic Systems Deighton 11/12/14 04:53:28 AM
#39028   The 'humungous potential' was a realized LOSS, but LongnShortOfIt 11/11/14 04:21:07 PM
#39027   You must be talking about Linda's lawsuit. What janvonscanner 11/11/14 01:43:25 PM
#39026   There is humongous potential here. This looking good. BillG2436 11/11/14 12:27:27 PM
#39025   Remember ten years ago when Linda "retired" and janvonscanner 11/11/14 11:44:11 AM
#39024   I don't have any particulars of the lawsuit Deighton 11/11/14 09:50:08 AM
#39023   Can you post the particulars of the lawsuit? janvonscanner 11/10/14 04:57:26 PM
#39022   Strange that the 'new owners' have not made LongnShortOfIt 11/10/14 08:14:44 AM
#39021   "'scuse me while I make another batch of Deighton 11/10/14 03:40:12 AM
#39020   I believe Debo has remarried and lives in Colorado. Deighton 11/10/14 03:35:10 AM
#39019   How hilarious it would be if the new LongnShortOfIt 11/09/14 07:59:46 PM
#39018   Debbo has been strangely absent for a couple stockmasterflash 11/09/14 01:09:33 PM
#39017   I may be wrong and not understand what Deighton 11/09/14 10:47:55 AM
#39016   The judge should throw it out on preliminary. LongnShortOfIt 11/09/14 10:21:41 AM
#39015   Linda Grable has filed a lawsuit against "Imaging Deighton 11/09/14 10:11:48 AM
#39014   OH PLEASE! Are you that ignorant of the FACTS? LongnShortOfIt 11/01/14 02:42:34 AM
#39013   Fraud? What fraud? BillG2436 10/31/14 04:54:14 PM
#39011   TakeChances 10/25/14 01:32:22 PM
#39010   The poster piped down after FRAUD was illuminated LongnShortOfIt 10/23/14 09:08:42 AM
#39009   You truly have to wonder how people can janvonscanner 10/22/14 10:29:37 AM
#39008   Knowing 'how to' make money and being DEFRAUDED LongnShortOfIt 10/19/14 02:26:45 AM
#39007   Sorry if trading pennies is not your forte. BillG2436 10/18/14 02:05:29 PM
#39006   Well, Bill, we're weren't part of making the LongnShortOfIt 10/18/14 09:08:17 AM
#39005   There were plenty of peaks here you boys BillG2436 10/17/14 07:27:44 PM
#39004   Oh.. Sorry. I didn't see where he janvonscanner 10/17/14 04:23:22 PM
#39003   Misread? Maybe you miswrote? LongnShortOfIt 10/17/14 12:04:46 PM
#39002   Let us know how that works out for you. janvonscanner 10/16/14 02:59:11 PM
#39001   It says: racam 10/16/14 02:44:52 PM
#39000   You misread. I never implied he sold after janvonscanner 10/16/14 12:07:48 PM
#38999   I didn't read it that he sold AFTER LongnShortOfIt 10/16/14 11:40:18 AM
#38998   Let's think about what was said. janvonscanner 10/15/14 09:24:40 AM