A worthless company can steal investors money legally that's how it goes. All you gotta do is write it down correctly as a bizznezz expense. I have made money off so called worthless companies before. And if you dumb enough to gimme your money im smart enough to keep it. na na na na goo goo

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18644 / March 29, 2004
SECURITIES AND EXCHANGE COMMISSION V. WELLNESS UNIVERSE CORPORATION, SYNPAN CORPORATION, AND GEORGE CHARLES PAPPAS, , Civil Action No. 00 Civ. 1147 (S.D.N.Y.) (R.M.B.)
The Securities and Exchange Commission ("SEC") announced today that the United States District Court for the Southern District of New York entered final judgments by consent on March 17, 2004, against two corporations, defendants Wellness Universe Corporation ("Wellness") and Synpan Corporation ("Synpan"), and their control person, defendant George Charles Pappas ("Pappas"), in an action brought by the SEC to stop an ongoing pump and dump scheme perpetrated by the defendants in connection with the sale of Wellness stock.

Subject to the judgments are:

Pappas, who is 67 years old, Chairman and Chief Executive Officer of Wellness and Synpan, and a resident of New York, New York.

Wellness, a Minnesota corporation that most recently purported to be in the health and wellness business and whose shares were previously quoted on the OTC Bulletin Board.

Synpan, a Delaware corporation that is controlled by Pappas.

The SEC's complaint alleged that between approximately mid-December 1999 and early February 2000, Pappas caused Wellness and Synpan to issue a series of false or misleading press releases designed to inflate artificially the price of Wellness stock so that the defendants, through certain friends and family members of Pappas, could sell shares of Wellness stock to the public at artificially inflated prices.

Without admitting or denying the allegations of the SEC's complaint, Wellness, Synpan, and Pappas have each consented to the entry of a Final Judgment permanently enjoining each from future violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, promulgated thereunder. In addition, the Final Judgment to which Pappas has consented requires Pappas to disgorge a total of $1,128,572.24 in ill-gotten gains and prejudgment interest, orders Pappas to pay a $75,000 civil penalty, and imposes on Pappas a penny stock bar and an officer and director bar. That Final Judgment also bars Pappas from ever again offering or selling unregistered securities professionally to investors. Specifically, it will permanently bar Pappas from participating in an unregistered offering "while acting as, on behalf of, or in association with, an issuer, underwriter, broker, or dealer."

Previously, on March 15, 2001, the Court entered a Final Judgment by consent as to relief defendants Paul George Pappas, Kyriak W. Pappas, Karyn L. Pappas, and Makypa. Without admitting or denying the allegations of the Commission's complaint, these relief defendants each consented to entry of a Final Judgment ordering that they collectively disgorge a total $2,220,436.41, representing the defendants' ill-gotten gains, plus prejudgment interest, obtained from the sale of Wellness stock during the course of the fraud.

See also Litigation Release No. 16443 (February 17, 2000)

Home | Previous Page Modified: 03/29/2004


http://www.sec.gov/litigation/litreleases/lr18644.htm

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Wellness Universe, et al.
On February 16, 2000, the SEC filed a complaint in connection with a pump and dump scheme perpetrated by George Pappas, the CEO of both Wellness Universe Corp. and Synpan Corp. The SEC alleged that between approximately mid-December 1999 and early February 2000, Pappas caused the companies to issue a series of false or misleading press releases designed to inflate artificially the price of Wellness common stock. The complaint also alleged the defendants, through certain friends and family members of Pappas (“relief defendants”), sold shares of Wellness stock to the public at artificially inflated prices.

Without admitting or denying the allegations of the SEC's complaint, Pappas, Wellness, and Synpan each consented to permanent injunctions, and Pappas agreed to disgorge more than $1.1 million in ill-gotten gains and prejudgment interest, and to pay a $75,000 civil penalty. In addition, the relief defendants agreed to disgorge more than $2.2 million in ill-gotten gains and prejudgment interest.

For more information about the SEC’s action, you can read Litigation Release Nos. 16439, 16443, and 18644.

The Court appointed Alan Vinegrad, Esq., as Distribution Agent. The above funds have been paid and are part of a Disgorgement Fund for distribution to investors who suffered losses on their purchases of Wellness common stock during the scheme. In September 2006, the Court approved the Distribution Agent's proposed plan of distribution. Subsequently, Mr. Vinegrad made distributions to all known claimants.

If you have not received a distribution and believe you are entitled to one, you should immediately contact Ben Razi, attorney for the Distribution Agent, at 202-662-5463.



http://www.sec.gov/divisions/enforce/claims/wellnessuniverse.htm


Home | Previous Page Modified: 01/25/2007


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Litigation Release No. 16439 / February 16, 2000

SECURITIES AND EXCHANGE COMMISSION v.
WELLNESS UNIVERSE CORPORATION, SYNPAN CORPORATION,
GEORGE CHARLES PAPPAS, Defendants,
PAUL GEORGE PAPPAS, KYRIAK W. PAPPAS, MAKYPA, BROOKS
WILLIAMS, TOBIAS WEISSMAN, IRIS B. COLEMAN, JOANN
CINGARI, AND LOUISE FIORENZA, Relief Defendants.
00 Civ. 1147 (RMB)(S.D.N.Y.)

The Commission today filed a Complaint in the United States District Court for the Southern District of New York charging one individual and two corporations as defendants in connection with a scheme to artificially inflate the value of Wellness Universe Corporation's stock by disseminating a series of fraudulent press releases, primarily over the internet. In addition, the Commission charged eight individuals and one partnership as relief defendants in connection with this "pump and dump" scheme that generated approximately $2.5 million. The Commission simultaneously filed an emergency application seeking, among other things, an order temporarily restraining and preliminarily enjoining the defendants from committing the violations alleged in the Complaint and freezing certain of the defendants' and relief defendants' assets.

Named in the Complaint filed today are:

Wellness Universe Corporation ("Wellness"), a Minnesota corporation;

Synpan Corporation ("Synpan"), a Delaware corporation; and

George Charles Pappas ("George Pappas"), Wellness' and Synpan's 64 year old Chief Executive Officer, who resides in New York, New York.

The Complaint alleges that, since December 1999, George Pappas caused Wellness and Synpan to issue false and misleading press releases, largely over the internet, which boosted the price of Wellness stock from approximately $.10 per share in December 1999 to over $1.00 per share in early February 2000. The Complaint also alleges that, during this time, 3.7 million shares of Wellness stock was sold by members of George Pappas' family and other associates to the public for an aggregate of approximately $2.5 million.

As a result of the foregoing, the Commission alleges that Wellness, Synpan, and George Pappas committed securities fraud in violation of Section 17(a) of the Securities Act of 1933, 15 U.S.C. § 77q(a), and Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5, 17 C.F.R. § 240.10b-5. In addition to the interim relief sought in the application filed today, the Commission seeks a Final Judgment against Wellness, Synpan, and George Pappas: (i) enjoining them from future violations of the above-cited provisions; (ii) requiring disgorgement from Wellness, Synpan, George Pappas, Paul George Pappas, Karyn L. Pappas, Kyriak W. Pappas, Makypa, Brooks Williams, Tobias Weissman, Iris B. Coleman, Joann Cingari, and Louise Fiorenza of all of ill-gotten gains as a result of Wellness', Synpan's, and George Pappas' fraudulent scheme, plus pre-judgment interest; and (iii) assessing civil penalties against Wellness, Synpan, and George Pappas.

The litigation is pending as to all defendants.

http://classaction.findlaw.com/cases/securities/sec/sec1/files/2000/lr16439.html


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DOCKET INFORMATION
DOCKET NUMBER: 00 Civ. 1147 (RMB) FILED ON: Febuary 16th, 2000

COURT: United States District Court for the Southern District of New York
Physical Address: Not available at this time.

, NY



PLAINTIFF(s)
Sec.

ATTORNEY

Firm: Covington & Burling
Web site: http://www.cov.com

Address:
New York, NY Office
1330 Avenue of the Americas
New York, NY 10019
Phone: (212) 841-1000

Firm: Covington & Burling
Web site: http://www.cov.com

Address:
Washington, DC Office
1201 Pennsylvania Ave NW
Washington, DC 20004-2401
Phone: (202) 662-6000

Andrew Ruffino (Lead Attorney)
Firm: Covington & Burling
Web site: http://www.cov.com

Address:
New York, NY Office
1330 Avenue of the Americas
New York, NY 10019
Phone: (212) 841-1097

Ami Pathak (Paralegal)
Firm: Covington & Burling
Web site: http://www.cov.com

Address:
Washington, DC Office
1201 Pennsylvania Ave NW
Washington, DC 20004-2401
Phone: (202) 662-5082

i was hoping to share more of this with all but no one seems to be reading our great success with wrong doing mgmt and the ceo.

TO ALL THAT MAYBE CONCERNED FOR LEGAL ACTIONS FOR COMPANIES WRONG DOINGS...this is the firm that handled this. they have a group of attorney's for these type of matters that all and i mean all CEO'S and their MGNT SHOULD BE DONE TO THEM.

http://www.cptgroup.com

WELLNESS UNIVERSE CORP
C/O CPT GROUP,INC
16630 ASTON STREET
IRVINE,CA 92606

telephone is 1-800-542-0900 california

telephone is 949-852-8240 california
telephome is 302-571-9940 wilmington, DE office.
ADDRESS 1701 SHALL CROSS AVE.
wilmington, DE 19806

this group is called DISGORGEMRNT FUND ADMINISTRATOR
CPT GROUP,INC.

p.s. i don't mind giving this to all. good luck for future suits to these persons that take OUR hard earned dough and place it in their pockets.

i'll placed this in our ibox that we are networking with
#board-7707

check with this forum for these kind of things that happen everyday to us.

#board-7707

are you doing any investing since your last messages?

hi pinto, it didn't bounce yet...i wonder if 1099 will be filed on payments to shareholders?

Looks like there is a large list of investors that were not notified-cash your checks in a hurry

hi to all welu's good will thing from the attorney's and from the sec.

HI COSMOWORLD7, good evening. i have some stuff in the ibox.

i'm very happy this ceo got caught big time sharing the funds with himself and family members.

i am really happy that this fish didn't get away this time. thank you LORD JESUS...

A DAY TO REMEMBER 10/18/2006...I RECEIVED MY CHECK IN FULL PAYMENT.

HI HEANG, GOOD EVENING TO YA. some good has happened today. i received all my money back with interest.

this is a first for me. i usually say next one. not this time.

PAID IN FULL WITH INTEREST TO BOOT.

THIS IS THE RETURN ADDRESS FROM WHERE THE CHECKS WILL BE SENT FROM TO YOUR ADDRESS GIVEN TO THE GROUP.


WELLNESS UNIVERSE CORP
C/O CPT GROUP,INC
16630 ASTON STREET
IRVINE,CA 92606

ALWAYS CONNECT YOUR MESSAGE TO THE PERSON FOR A RESPONSE.

hi pinto2, i didn't know you had a message here. i have been laid up most of the summer.

if you are a shareholder a list was sent to you or the shareholders entitled to their claim.

the address is
WELLNESS UNIVERSE CORP
C/O CPT GROUP,INC
16630 ASTON STREET
IRVINE,CA 92606

ALWAYS CONNECT YOUR MESSAGE TO THE PERSON FOR A RESPONSE.

can you tell me how to get the list for payouts

WELU Disbursement Update :_( From EMail )

We are still waiting for the final approval from the Judge at this time. We don't have a date yet of when the disbursement will happen but it will be after the Judge approves the case. Please keep checking in if you haven't heard anything from us. Hopefully we will have a disbursement date soon.

o.k. you won't be able to during regular hours. you can during happy hour.

hi heang, they said bookoo money in the treasury. i was suprised to hear this.

don't forget to give us a toot at

#board-3665

From the recent report, we will still be able to get the same amount stated except for the delay.

So far, I have made alot of money from Call-options on AMD Stock. Recently, I went in again when it is right at the bottom. Looks like it is on its upward trend .............

sorry for the spelling. thanx for info.

heang

hi heang, i recently got an update from the court stuff for us.

9 more were late comers. so there is a little delay now for us.

Yes, I have invested $11,000+ & got back with interest $16,000+.....waiting patiently for the cheque .

But, my best investment this year is from AMD options . I think this is a jolly good stock - Best one for year 2006

hi hearing, kind of basic to what i received. are you on the list?

All concerned, I have received message from CPT group regarding payment.......for sharing purposes only.

We really don't know when the checks will be issued. The Court, not the Distribution Agent, has the authority to approve issuance of checks in the manner that the Distribution Agent proposed. The earliest possible time that checks could be distributed is approximately 2 months from now. However, depending on how busy the Court's docket is, and when a hearing is scheduled regarding the proposed Distribution Plan, it could take longer than that. Although everyone is working diligently to resolve this matter. Checks could be issued in a few months, but it is just a possibility.

We will let you know when the checks will be issued at the earliest possible time.

thank you for your interest. more should be done about the ceo's that take the shareholders to the cleaners.

hi heang, the money is in escrow. the group organized us to show this to the court. now the list has been present to the judge.

recovery includes your investment and with interest - When are they paying out to the affected WELU shareholders that are on the listing only .

hi cosmoworld7, the mgmt. got caught with their fingers in the cookie jar.


Class Action Settlement Administration
Wellness Disgorgement Fund Administrator
CPT Group,Inc

united states district court
southern district of new york

SEC PLAINTIFF

AGAINST

WILLNESS UNIVERSE CORPORTION, SYNPAN
CORPORTION, AND GEORGE CHARLES PAPPAS

AND FAMILY AND FRIENDS.

i'll give a brief one. i can do it better in the morning.

ceo and family did illegal trading.

i'll try to better tomorrow morning.

i'm turning in for the night.

Mick, can you please provide a brief summary (or a link) to what is going on here? What is the fraud? What is the lawsuit regarding? tia.

i'm sure there are some shareholders of this company tthat will be receiving some kind of award from the court decision.

recovery includes your investment and with interest.

i'm on the list of over 600 that got the short end of mgmt.

welcome to those that are on the court procedings for recovery.