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Another subgenius move, Slick.
Anyone still on here please email me! Tyler.temp17@gmail.com, have a few questions about everyone’s experience with Stewart Garner, he goes by stew now and is still into his old ways! Came across this website by chance and you all seem to have been played out by him, YUP THATS WHAT HE DOES!! A scammer. He lives in my hometown and has screwed over so many people. stole millions. He needs to be stopped please email me!!!
Don't worry YAK... the criminals were caught...
I was buyin' .15 here
2011-07-27... always "fun" to look back
FYI: I recently looked back on on my eTurd and saw how much this SCAM cost me... lolzzz... doh! ... was so freakin' long ago though... oh well
Can I get a refund?
I recently finally saw what happened to the scammerzzz here as it was posted on another board by someone with tons of links the other day... was deleted and those that posted it were banned from the board and sent to iHub jail... I wish people could talk about such things... but obviously they can't...
Damn yo! ...
Nitwit called for $1
PLYC was alos a SCAM YAK! Fatty Matty..
Stewart Garner MAY be at it again with LOGG
wow.. I actually posted that?
Thursday, 07/28/11 10:14:45 PM ... don't worry, I was probably posting DRUNK... as usual
PlayStar Corp.
Do we have a link where it's stated Fatt Matt will get out of custody on Dec. 9, 2014? Must be a "good behavior" thingie?
Who wants to be the moderator on PLYCF? Moderator: No Moderator ... Stewie ever get in trouble or just the manipulators that worked with him ? ... I know 1 or 2 in prison now that were part of pumping and dumping this scam via illegal means and other stocks... not personally... just from facts... lolzzz... shhh... not supposed to talk about such things... yet I really am still lost here... lolzzz and nobody every looks here anymore anyways... anyways... this ran from like .01 to .15+ ... during my time here... back to .0001 no bid ... the 20% per day manipulated upticks by people in Prison now caused me to lose alot here... thought it was the evil shorties always covering and that would send it to $1 ... yet later it comes out it was just a bunch of scammerzzz manipulating the PPS each and everyday and they got busted when some idiot was speeding in Texas with a bunch of cash to go pay off some big fat dude in CALI... NO? again I could be way off base here... I remember slapping the .15 asks... thinking it was going to $150 ... and again .. the decimal points could be off... cause I have done this many times but it is the same deal... I am still here and they asre gone and I forget the actual PPS and stuff way back then... weeeeeeeeeee
Going to $1 YAK you basher lolzzz
Hey guys,
My name is Robert,
New here and wants to make some good green out here....I have done some research about PlayStar Corp. (PLYCF)the previous week and have made up my mind for jumping in.....Will somebody help me on this?????
SEC target Brown must pay "financial death sentence"
2011-07-27 14:47 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-AAGH) Asia Global Holdings Corp
Also Street Wire (U-GHTI) GH3 International Inc
by Mike Caswell
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1865122&symbol=*SEC&news_region=C
Matthew Brown, jailed operator of the Investors Hub website, has lost his bid to overturn a $4.78-million criminal penalty for a market manipulation scheme he aided. (All figures are in U.S. dollars.) Delaware Judge Sue Robinson, in an order handed down on Thursday, July 21, dismissed a motion by Mr. Brown to reduce his fine to the amount he actually made, which he calculated at $117,000.
The decision comes as Mr. Brown, 29, is serving a four-year jail sentence for the scheme. Prosecutors claimed that he and others manipulated stocks with prearranged trades and posts on Investors Hub. One of the companies included in the investigation was an Ontario-based pink sheets listing, Playstar Corp. Mr. Brown pleaded guilty to the charges in February, 2010, and the judge sentenced him to four years in jail and entered a $4.78-million forfeiture order.
Before he went to jail, Mr. Brown filed a motion in which he complained that the amount of his fine was excessive. As he understood it, by entering a guilty plea he was only agreeing to forfeit his personal gains from the scheme. He did not know that he would receive a "financial death sentence," he claimed.
He also argued that the government held him liable for profits made by people who were not even charged with anything. "Instead of pursuing these individuals, [prosecutors] have sought to make Brown pay for everybody's gains, despite him having gained among the least amount of money," the motion read.
The government, for its part, argued that the fine accurately represented Mr. Brown's plea agreement. In a response to Mr. Brown's motion filed on June 8, 2011, prosecutors said that Mr. Brown agreed to forfeit all proceeds from the scheme, not just the portion that he received. Moreover, he received notice of the forfeiture six days before his sentencing. The time to raise the dispute was then, and not days later.
In addition, prosecutors cited the substantial harm that Mr. Brown and others inflicted on investors. In one instance, they caused a stock to rise by more than 150 per cent in hours, and sold shares worth $747,609. The government also pointed out that the judge could have ordered Mr. Brown to forfeit as much as $9.4-million, or twice the total proceeds of the scheme.
Judge Robinson, in deciding for the prosecution, simply said that she did not have jurisdiction to alter her earlier forfeiture order. Presumably, this means that Mr. Brown's only option is to appeal the order to a higher court.
Brown's indictment
Federal prosecutors indicted Mr. Brown on May 21, 2009, in the District of Delaware. They claimed that he and others dumped hundreds of millions of shares in manipulated pink sheets companies in 2006 and 2007. While the overall investigation included four stocks, the specific charges against Mr. Brown were limited to two companies.
The first was an anti-aging promotion called GH3 International Inc. In 2006, he and others received millions of GH3 shares through improper Rule 504 offerings, prosecutors claimed. In December of that year, they carried out a series of prearranged trades that coincided with misleading news. Among other things, the company claimed that its revenue would exceed $6-million in 2007.
The stock, which was a thin trader to that point, went from 0.06 cent to 1.8 cents, before quickly falling to 0.01 cent. Its daily volume spiked to nearly 300 million shares. (The U.S. Securities and Exchange Commission eventually halted the company on Dec. 24, 2009, saying its publicly available information was questionable.)
The other manipulation that Mr. Brown pleaded guilty to was that of Asia Global Holdings Inc., a company that purportedly had the rights to the show "Who Wants to be a Millionaire" in China. As with the GH3 manipulation, Mr. Brown and the others improperly issued millions of shares and co-ordinated manipulative trades to coincide with misleading news. The stock had a 41-cent high in 2006 (and was last at 0.38 cent).
According to the indictment, Mr. Brown and the others planned the promotions using the America Online messaging service. Their communications, which prosecutors quoted in the indictment, included information on the timing of the news releases and on how the men were touting the companies on-line. One message, dated Nov. 1, 2006, stated, "u have all the prs [press releases] right, except the first one, which im going to work on tomorrow for sure, we need a plan on line up of events and i need to see the damn prs to see which rumor to spread and how to start the damn thing ... ."
The indictment also described an unusual interstate money transfer, in which Mr. Brown paid a driver $10,000 to take $146,000 in cash from California to Delaware. (Documents in a related asset forfeiture case stated that the driver, who knew Mr. Brown from high school, was to deliver the cash to a Polish citizen named Pawel Dynkowski. The delivery went awry when a Texas police officer stopped the car and discovered the cash. Police had the driver deliver the money to Mr. Dynkowski's home in Delaware. They then searched the home and discovered evidence of the market manipulations.)
Prosecutors separately indicted Mr. Dynkowski for the manipulations on April 30, 2009. Authorities have yet to arrest him and he is listed as a fugitive. Another man charged in the case was Florida resident Gerard D'Amaro, who received three years in jail and was ordered to forfeit $1.49-million. Two others, Marc Riviello and Jacob Canceli, both from California, have also pleaded guilty but have not yet been sentenced.
SEC case
In addition to the criminal charges, Mr. Brown and the others are facing a parallel civil suit from the SEC. The regulator claims that they made $6.2-million manipulating Playstar, GH3 International, Asia Global and Xtreme Motorsports of California Inc. That case is on hold pending completion of the criminal cases.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1865122&symbol=*SEC&news_region=C
SEC target Brown receives four years
(Be sure to read the last paragraph about PLYCF)
2011-05-24 14:00 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-AAGH) Asia Global Holdings Corp
Also Street Wire (U-GHTI) GH3 International Inc
by Mike Caswell
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1844443&symbol=*SEC&news_region=C
Matthew Brown, operator of the penny stock website Investors Hub, has been sentenced to four years in jail for securities fraud and money laundering. He received the sentence on Wednesday, May 18, in an appearance before Delaware Judge Sue Robinson. His arrest followed an investigation into the manipulation of four pink sheets listings, including Ontario-based Playstar Corp.
Mr. Brown, 27, had faced a maximum of 50 years in jail and fines of over $1-million. (All figures are in U.S. dollars.) He accepted a plea agreement in February, 2010, in which the government agreed to recommend a reduced sentence, provided he accepted full responsibility for his actions.
Prior to his sentencing, Mr. Brown had been free on a $50,000 appearance bond. Once he completes his four-year jail term, he will serve three years of probation, during which he must not participate in penny stock offerings. He must also forfeit $4.78-million, the estimated proceeds from his crime. Full details of his sentence were not publicized, as prosecutors filed his sentencing memorandum under seal.
Brown's indictment
Prosecutors initially indicted Mr. Brown on May 21, 2009, in the District of Delaware, identifying him as a resident of Aliso Viejo, Calif. They claimed that he and others dumped hundreds of millions of shares during illegal market manipulations, mostly during 2006. The men boosted the stocks through prearranged trades, postings on Investors Hub and misleading news releases.
One of the stocks that Mr. Brown pleaded guilty to manipulating was GH3 International Inc., a company that touted an anti-aging treatment. In 2006, he and others received hundreds of millions of GH3 shares through improper Rule 504 offerings, prosecutors said. Then, in December of that year, they carried out a series of prearranged trades that were timed to coincide with misleading news releases. The releases claimed that the company had revenue of $2.1-million and $3-million in 2005 and 2006, and that its revenue would exceed $6-million in 2007.
The stock, which hardly traded before that month, went from 0.06 cent to 1.8 cents, before quickly falling back to 0.01 cent. Its daily volume was at nearly 300 million shares during the promotion. (The U.S. Securities and Exchange Commission belatedly halted the company on Dec. 24, 2009, stating that publicly available information was questionable.)
The other manipulation that Mr. Brown pleaded guilty to was that of Asia Global Holdings Inc., a company that purportedly had the rights to the show "Who Wants to be a Millionaire" in China. Similar to the GH3 manipulation, the Asia Global one was preceded by Mr. Brown and the others issuing millions of shares to non-qualified investors. They once again co-ordinated manipulative trades to coincide with misleading news releases, prosecutors claimed.
The evidence presented in the indictment included a series of messages that Mr. Brown received through his America Online instant message program about the timing of the company's news. One, dated Nov. 1, 2006, stated, "u have all the prs [press releases] right, except the first one, which im going to work on tomorrow for sure, we need a plan on line up of events and i need to see the damn prs to see which rumor to spread and how to start the damn thing ... ." Another, dated Aug. 14, 2006, stated, "I got the entire world on aagh, lol, willys room, panettas room, ihub."
During the promotion, Mr. Brown and others directed the buying and selling of 26.2 million Asia Global shares, prosecutors said. The stock, which had a 41-cent high in 2006, was last at 0.19 cent.
Mr. Brown also pleaded guilty to charges that stemmed from helping one of his co-conspirators, Polish citizen Pawel Dynkowski, set up an offshore bank account to hold money from the Asia Global pump-and-dump. According to the indictment, the men travelled to Costa Rica in October, 2006, to open the account. Upon their return, Mr. Dynkowski sent a message to Mr. Brown that his "set up is now 100% sec safe."
While the indictment did not state exactly how much money Mr. Brown and the others made, it did describe an unusual interstate money transfer. According to prosecutors, Mr. Brown paid a driver $10,000 to to take $146,000 in cash from California to Delaware. The indictment did not state the name of the recipient, but documents filed in a related asset forfeiture case identified that person as Mr. Dynkowski.
(According to the asset forfeiture complaint, a police officer in Texas intercepted the money when he stopped a rented car driven by a 25-year-old Florida man. When the officer discovered the cash, the driver said he was transporting it for a high school friend, Mr. Brown. At the request of police, the driver delivered the money to Mr. Dynkowski. Police then searched Mr. Dynkowski's residence and discovered evidence of the market manipulations.)
While the case against Mr. Brown is now concluded, the charges against some of his co-conspirators remain outstanding. These include Mr. Dynkowski, who has not yet been arrested and is listed as a fugitive. Two others, Marc Riviello and Jacob Canceli, both from California, have pleaded guilty but have not yet been sentenced. Another defendant, Florida resident Gerard D'Amaro, 39, received three years in jail and was ordered to forfeit $1.49-million.
SEC case
In addition to the criminal case, the men are facing a parallel civil suit from the SEC. That case, filed on May 21, 2009, alleges that the men made $6.2-million pumping and dumping Playstar, GH3 International, Asia Global and Xtreme Motorsports of California Inc. It has been mostly inactive awaiting completion of the criminal cases.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1844443&symbol=*SEC&news_region=C
hmmm
lol... but that has happened to me as well
Some parts of that looks good to me
I've already tried to go down that route and it's a huge expensive, lengthy mess to try to get it done (at least with TD Ameritrade). So my question is, 4 years after the merger will my shares automatically become unrestricted, without having to go through any hassle?
Ask your broker for the cert, send it to transfer agent and they will issue an unrestricted cert back to you.
Really? I guess I'll look forward to that!
When do the PLYCF merger shares become unrestricted? There was a 4 year wait for the restricted shares to become unrestricted, correct? So would that be January 2012 (wasn't the merger in January 2008)? Can't wait to sell them for the tax refund!
this one will always hold a special place in my heart. I lost more here than on every other stock I've ever lost money on combined....but I'm not bitter! lol.
still have all my awesome shares in this one. =) Glad to hear they caught the bad guys here. Oh, and....when do I get my money back? lol.
I'm still holding my PLYCF shares. Will they be worth something one day???
WEEEEEE and some people here thought it was me
Yet here I am lolzzz ... still sucks though... man I could have made a ton and ton of money here in past if I did not fall for dat crap like everyone did back then... by simply selling at say .15 instead of buying more and more and more and holding and holding and holding... etc...
I remember slapping the .15ish ask non stop... when I already had shit up thousands and thousands and thousands and thousands of percentages... lolzz... etc.. and had never sold any of it for profits when it started back down the rat hole and still kept slapping it the whole way down... oh well that is my fault for believing the B.S. and the EASY L2 manipulation that makes it so believable ... still going on all over da hub today... but now I am smarter and know that you must take profits and or take atleast initial money out... etc...
Before the BIG CRASHES... that alwayzzz come at some point
SEC target D'Amaro sentenced to three years
2010-09-22 14:09 ET - Street Wire
by Mike Caswell
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1762459&symbol=*SEC&news_region=C
A Delaware judge has sentenced Gerard D'Amaro, the Florida man who pleaded guilty to charges stemming from the pump-and-dump of Ontario-based Playstar Corp., to three years in jail. He learned his sentence in an appearance before Judge Sue Robinson on Sept. 8, 2010.
Mr. D'Amaro reached a deal with prosecutors earlier this year, in which he agreed to plead guilty to two counts of a four-count fraud indictment. The charges were for helping to manipulate Playstar and other stocks with on-line postings and wash trades. In addition to the three-year sentence, the judge ordered Mr. D'Amaro to forfeit $1.49-million in proceeds of crime. (All figures are in U.S. dollars.)
Mr. D'Amaro was one of several men facing both civil and criminal charges stemming from a two-year investigation into stocks promoted on the Investors Hub website. Those arrested included Investors Hub operator Matthew Brown. He pleaded guilty to criminal securities fraud and money laundering charges on Feb. 17, 2010, and awaits sentencing.
D'Amaro's indictment
Mr. D'Amaro's indictment, filed on April 30, 2009, in U.S. District Court for the District of Delaware, was one of several filed against a connected group of promoters who used Investors Hub. In it, prosecutors described how he helped manipulate Playstar and another company called Inca Designs Inc. The indictment also named a Polish-born defendant, Pawel Dynkowski, who lives in Florida.
Prosecutors claimed Mr. D'Amaro took control of a large block of Playstar shares on Sept. 10, 2006, and dumped those shares over the ensuing three months. Private companies that he controlled received the Playstar shares as part of a shares-for-debt deal in 2006. They acquired debts from prior creditors, and converted them to shares at 0.125 cent. This gave Mr. D'Amaro control of 34.32 million of the company's 60,928,246 outstanding shares. Initially, he sold some shares when the stock was trading between one and two cents, grossing $415,878, the indictment stated.
Then, in November, 2006, he and Mr. Dynkowski started a promotion that they expected would push the stock to 10 cents per share, prosecutors said. In a series of communications over the America Online instant messaging service, Mr. D'Amaro told Mr. Dynkowski that he would buy over 1.7 million of Playstar's shares. He also said he had spoken with an officer of the company, who would have a "firm" in Florida buy eight million shares. They expected that the buying, combined with an anticipated news release, would push the stock to 10 cents.
In the ensuing days, the stock reached a 52-week high of 14.5 cents. Mr. D'Amaro sold the 1.7 million shares that he had bought, grossing $133,710, the indictment stated. During that entire month, accounts that Mr. D'Amaro controlled sold 7.2 million shares, grossing $622,362, prosecutors claimed.
While the indictment only detailed the manipulations of Playstar and Inca, it contained excepts of communications between Mr. Dynkowski and Mr. D'Amaro which indicated that they were involved in other deals at the same time. In one series of messages, Mr. D'Amaro stated, "mikey buying wwng bill talking on it now." Mr. Dynkowski replied, "wwng we need ihub spammed with more posts than jusr 3 come on now blitzkrieg STOX style." In a later communication, Mr. Dynkowski said, "I love how in the shottiest mkt in history we can get a [expletive] to trade $100k of stock on no news."
Later communications contained in the indictment, from 2008, had information on the Inca manipulation. These were mostly between Mr. Dynkowski and an unidentified trader. Mr. Dynkowski told the trader that he had set up several nominee accounts to manipulate the stock. The accounts were in the names of farmers living in a non-English speaking country, which would be impossible for authorities to trace, he said.
In the conversations, Mr. Dynkowski described measures to keep his communications secret. Among other things, he bought cellphones using an alias and he used wireless Internet signals from other residents in his building, avoiding setting up his own Internet. In one example, Mr. Dynkowski told the trader: "I'm invisible, I told you ... Stealth baby stealth. Dude, I got three phones that's why you hear them all beeping cause I can't even [expletive] charge them all at once. And I recycle them - I recycle two of the three every [expletive] two weeks."
Later conversations referred to trading and promoting the stock. In an AOL message on July 22, 2008, Mr. Dynkowski told the trader that he had wired money to a nominee brokerage account, and the trader was to use the money to trade Inca. He further explained that he had hired five people to post messages promoting the company on Internet discussion forums.
The indictment did not state how much money, if any, Mr. D'Amaro and Mr. Dynkowski made during the Inca Designs manipulation. The stock, which had a high of 91 cents in June, 2008, fell to under a penny within a month.
Mr. D'Amaro is the first of the men indicted in the investigation to be sentenced. The case remains outstanding against Mr. Dynkowski, who has not yet entered a plea. Other co-conspirators, who were separately indicted for manipulating stocks through Investors Hub, were Joseph Mangiapane, 43, of California; Marc Riviello, 50, of California; Jacob Canceli, 50, of California; and Angelo "Bill" Panetta, 48, of California. They have all pleaded not guilty, with the exception of Mr. Riviello. On May 19, 2010, he agreed to plead guilty to a charge of unlawfully transporting money, and awaits sentencing.
SEC case
In addition to the criminal charges, the men face a civil suit from the U.S. Securities and Exchange Commission. The SEC claims that they netted $6.2-million pumping and dumping Playstar and three other stocks with misleading news and posts on Investors Hub. The other companies were GH3 International Inc., Asia Global Holdings Inc. and Xtreme Motorsports of California Inc.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1762459&symbol=*SEC&news_region=C
and why not :) disgruntled shareholders hoping for justice one day.
Yup, and the folks still talking are the SEC.
I can't believe folks still talk about this company...lol
I guess they didn't pay us to wait in this one (PLYCF) did they?
I'm hoping to get a letter from the court so I can get money back from this if there's a settlement :) ...one day...
Check the SEC board this stock was run by big time scammers that are going to real jail soon... and NATHAN1 dude that used to post here all the time was one of them... not that hard to figure this stuff out... after the fact of course... they were manipulating everything... wash sales... off shore accounts... 1000 other things... most people that used to post here during the runs had nothing to do with it... most of the ones doing it never posted... only that NATHAN1 dude...
SEC Charges Eleven in Stock Manipulation Ring - think alot of free members do even not know these things cause they can not search on this site.
http://investorshub.advfn.com/boards/board.aspx?board_id=15452
thus posting it... cause way back then was in the whole huge run... should have been smarter back then... could have made a killing but was fooled by the real scammers.
I ran across a more recent update on Google news on this! cant remember the outcome....hmmm.
From the same report:
Playstar Corp.
62.The Playstar scheme occurred between October and December 2006 and generated approximately $1,180,294 in illicit profits. Defendant Gerard D’Amaro participated in this scheme with Dynkowski and served as the liaison with the CEO of Playstar. D’Amaro also provided the nominee accounts from which Dynkowski dumped Playstar shares provided by the company.
63.Starting on October 19, 2006, Dynkowski and others began inflating the price of Playstar stock through manipulative trading, including using wash sales and matched orders accounting for millions of shares in volume. This manipulative trading artificially inflated the company’s stock price.
64.D’Amaro arranged with Playstar’s CEO to have the company issue numerous touting or misleading press releases between November 8 and December 20, 2006, which coincided with Dynkowski’s manipulative trading and helped further boost the price of the company’s stock. Indeed, on November 10, 2006, Playstar used the same misleading NOBO press release tactic that Dynkowski had used days earlier for Asia Global and one month later for GH3. Playstar’s NOBO press release misleadingly 15Case 1:09-cv-00361-GMS Document 9 Filed 03/25/10 Page 15 of 23 suggested that “naked short selling” was responsible for an unexplained “large short position” in its stock. In reality, the alleged naked short selling was actually Dynkowski dumping the shares he had received from Playstar.
65.The scheme was successful at dramatically raising Playstar’s stock price. On October 18, 2006, the day before Dynkowski and his associates began pumping the stock, it closed at half a penny per share. By November 9, 2006, the stock closed at 12 cents per share, an increase of 2,300%.
66.Between October 18 and December 19, 2006, Playstar arranged for more than 39.6 million shares to be transferred to two accounts that D’Amaro set up at Spartan Securities in the names of Market Solutions and W.S. Trading, entities that D’Amaro owns. At the direction of the company, the transfer agent issued these shares without restrictive legend. These offers and sales of securities were unregistered and not subject to a valid exemption from registration.
67.Dynkowski and D’Amaro controlled the sales from these accounts at Spartan Securities. Although Dynkowski is not listed as an authorized trader on the accounts, he placed the majority of the orders for Playstar stock in the Market Solutions and W.S. Trading accounts. Dynkowski and D’Amaro sold the shares from Playstar in three waves, the first on October 19, 23-27, and 31, 2006, the second on November 15, 16, and 17, 2006, and the third on December 11, 14, 15, 18 and 20, 2006. In total, Dynkowski and D’Amaro sold more than 39.6 million shares of Playstar for a profit of $1,180,294. Dynkowski and D’Amaro divided the illicit gains from this scheme between themselves and Playstar or its representatives.
PLYCF then became NWWV which then became CAGI!!! DANGER Will Robinson.
From the SEC complaint regarding fraudulent trading involving PLAYSTAR
Can be found here:
http://viewer.zoho.com/docs/emXVj
Fram section 26.
Playstar Corp. (“Playstar”) (f/k/a Playstar Wyoming Holding Corp.) was an Antigua corporation with headquarters in Woodbridge, Ontario. Playstar claimed to be a communications company. During the relevant time period, Playstar’s common stock was registered with the Commission under Exchange Act Section 12(g) [15 U.S.C. § 78l(g)] and was quoted on the Pink Sheets. On June 3, 2008, the Commission revoked the registration of Playstar’s stock pursuant to Exchange Act Section 12(j) [15 U.S.C. § 78l(j)].
SEC target Brown pleads not guilty
2009-07-02 14:29 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-AAGH) Asia Global Holdings Corp
Also Street Wire (U-GHTI) GH3 International Inc
by Mike Caswell
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1620982&symbol=*SEC&news_region=C
Matthew Brown, operator of the penny stock website Investors Hub, has pleaded not guilty to criminal securities fraud charges. He appeared before Judge Leonard Stark in the District of Delaware on June 24, 2009, to enter his plea. Mr. Brown, 26, was one of seven men arrested on May 21, 2009, after a two-year investigation into the alleged market manipulation of four pink sheets companies. The companies the men allegedly manipulated included Playstar Corp., an Ontario listing that purported to be developing a proprietary text message system for cellphones.
With his not guilty plea, Mr. Brown will remain free on a $50,000 bond which his father, Thomas Brown of Tallahassee, Fla., signed as surety. Should Matthew Brown be found guilty, he faces a maximum of 40 years in jail. (All figures are in U.S. dollars.)
Brown's indictment
The seven men were all separately indicted in Delaware. In Mr. Brown's indictment, which was unsealed on May 21, 2009, prosecutors charged him with eight counts of fraud, mostly related to the alleged pump-and-dumps of GH3 International Inc. and Asia Global Holdings Corp. in 2006 and 2007. With GH3, prosecutors claimed that Mr. Brown and others pumped the company with misleading news releases, prearranged trades and messages in on-line message boards. The company purported to be in the business of offering anti-aging treatments.
The indictment did not indicate exactly what Mr. Brown's role was in the alleged GH3 pump-and-dump. In broad terms, it stated that he and others conspired to artificially inflate the market for the company. As part of the conspiracy, they issued hundreds of millions of non-registered shares into the marketplace through the the misuse of Regulation D offerings, prosecutors claimed. Regulation D is normally used to provide an exemption for shares issued in a private placement to an accredited investor.
In what particulars it did provide, the indictment listed the dates on which Mr. Brown communicated with others about the stock by instant message. Some communications were about messages posted in the Investor Hub message boards, while others were about the company's press releases. Prosecutors noted that the company issued news releases on Dec. 7 and Dec. 8, 2006, claiming that its revenues for 2005 and 2006 exceeded $2.1-million and $3-million.
Also on Dec. 7, 2006, Mr. Brown allegedly received an instant message directing him to have the company issue a news release stating that GH3 had ordered a non-objecting beneficial owners lists from its transfer agent. The purpose of the news release was to explain short positions in GH3, prosecutors claimed. He caused the company issued the news the next day, on Dec. 8, the indictment stated.
While the indictment provided few details on how Mr. Brown participated in the alleged GH3 pump-and-dump, it did state that he was the intended recipient of some of the proceeds. The indictment claimed that one of his co-conspirators, identified only as M.R. (likely Mark Riviello, a California man separately indicted for the scheme), received $220,000 in cash in January, 2007, a portion of which was intended for Mr. Brown. It also stated that Mr. Brown paid another man $10,000 to drive $146,000 in cash proceeds from the GH3 deal from California to Delaware.
As with the GH3 allegations, prosecutors gave few details of Mr. Brown's participation in the alleged Asia Global pump-and-dump. The company purported to have the rights to the show "Who Wants to be a Millionaire" in China. In what information prosecutors provided, they claimed that Mr. Brown received several instant message communications about how the pump-and-dump should work. One, dated Nov. 1, 2006, allegedly stated, "u have all the prs [press releases] right, except the first one, which im going to work on tomorrow for sure, we need a plan on line up of events and i need to see the damn prs to see which rumor to spread and how to start the damn thing ... ." Another, dated Sept. 1, 2006, stated that the company should "do [a] bigger S-8, 25 [million] shares instead of 15 and we'll sell it all extra 10 [million] ...," the indictment reads.
In addition to the message claims, the indictment stated that Mr. Brown and others directed the buying and selling of 24 million shares of Asia Global between Feb. 1 and Feb. 13, 2007. (Trading records show that the stock traded between five and seven cents, and that it had average daily volume of 12.1 million shares between those dates. It last traded for 0.26 of a penny.)
Mr. Brown's co-conspirators, who were separately indicted, were Pawel Dynkowski, 24, of Delaware; Joseph Mangiapane, 43, of California; Marc Riviello, 50, of California; Jacob Canceli, 50, of California; Gerard D'Amaro, 38, of Florida; and Angelo "Bill" Panetta, 48, of California. Mr. Riviello, Mr. Canceli, Mr. D'Amaro and Mr. Panetta previously pled not guilty to the charges, while Mr. Pawel and Mr. Mangiapane have not yet entered a plea. The case was investigated by the Department of Homeland Security, the Internal Revenue Service and the Delaware State Police.
The SEC filed a parallel civil suit against the seven men plus another individual, Adam Rosengard of New Jersey, on May 21, 2009.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1620982&symbol=*SEC&news_region=C
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Company Conference Call March 6th, 2007 link ===>
http://d.turboupload.com/d/1583889/plycf.mp3.html
Conference Call with Marc Askenasi
http://d.turboupload.com/d/1586782/PLYCF2.mp3.html
A Must Read on Short Codes ==>>
http://iloopmobile.com/news/mb_research_090806.html
Playstar Corporation is an Antiguan domiciled company that currently is trading on the NASDAQ pink sheets. The company is fully reporting but not current in its reporting. Playstar is currently updating all reporting and will reapply to the NASDAQ bulletin board. The Company also plans to redomicile to the United States. Playstar Corporation has recently acquired a Canadian private corporation named Premier Mobile Technologies Inc. which owns the right to certain website domains and “short codes” to enable premium text messaging services and thereby earn revenues.
****************************************************************
Websites:
http://www.playstarcorp.com
http://www.premiermobiletech.com
Currently, Premier Mobile Technologies Inc. operates three (3) separate short code promotion services.
* Text To Win - www.texttowinbig.com Short code – 654321 (Canada)
Text to Win Tickets – www.text2wintickets.com Short code – T.B.D. (USA)
* Chit Chat Text www.chitchattext.com Short code – 99969 (Canada)
* Reverse Auction Sweepstakes Short code – 797979 (USA and Canada)[/B]
Premier Mobile Technologies Inc.
Midhurst, ON L0L 1X0
Tel: (705) 719.0502
contact:
Stewart Garner - CEO of Playstar
Marc Askenasi - President of Function Inc.
Pat Cecil - President of Premier Mobile Technologies
email: investorrelations@playstarcorp.com
email: info@premiermobiletech.com
****************************************************************
** Outstanding Shares >>>>
99,933,246 fully diluted (from the 2/13/2007 pr)
72,366,246 free trading and 27,317,000 restricted (from 02/23 pr)
100,000,000 Authorized
Transfer Agent: Transfer Online Inc.
Portland, OR 97204
503-227-2950
contact: Aaron White
http://www.transferonline.com
FGIFF Changed to PLYCF on Jul. 27, 2006
07/26/2006 13:53:08|S2|PLYCF|FGIFF|Playstar Corporation New Ordinary Shares (Antigua and Barbuda)|Flirty Girl International Inc Ordinary Shares (Antigua and Barbuda)|07/27/2006|
*** Stock Lobster's call to the TA about Short Speculation ***
http://investorshub.com/boards/read_msg_ig.asp?message_id=15053442
*****************************************************************
Premier Mobile Technologies Inc.
is a 100% wholly owned subsidiary of Playstar Corporation
Premier Mobile Technologies Inc. owns and operates several ‘Short Codes’ in both Canada and the United States. Short codes, also known as short numbers or Common Short Codes (CSC) are special telephone numbers, significantly shorter than full telephone numbers (5 or 6 digits in length), which can be used to address SMS and MMS messages from mobile telephones. They are designed to be shorter to read out and easier to remember than a normal length telephone number.
While similar to telephone numbers, they are, at the technological level, unique to each operator, although providers generally have agreements to avoid overlaps. Short codes are widely used for value-added services such as television voting (i.e. American Idol) , ordering ring tones, charity donations and mobile services (such as Google's SMS search service). Messages sent to short code numbers are generally billed at a higher rate than a standard SMS.
Currently, Premier Mobile Technologies Inc. operates three (3) separate short code promotion services.
Text To Win - http://www.texttowinbig.com Short code – 654321 (Canada)
Text to Win Tickets – http://www.text2wintickets.com Short code – T.B.D. (USA)
Chit Chat Text - http://www.chitchattext.com Short code – 99969 (Canada)
Reverse Auction Sweepstakes Short code – 797979 (USA and Canada)
***************************************************************.
INDUSTRY NEWS
The common short code market is experiencing rapid growth in North America, and is providing exciting opportunities for media, content, technology, entertainment, advertising, and consumer goods companies to reach more than 200 million wireless consumers. In June 2005 alone, over 7.2 billion mobile text messages were sent over U.S. carrier networks; an increase from 2.8 billion messages sent in June 2004. Revenues from Short Message Service (SMS) messaging have also increased to $1.24 billion - an astonishing 154 percent in the first six months of 2005. This growth is likely to continue: the number of worldwide mobile messages is expected to increase from 878.3 billion messages in 2005 to 1.5 trillion by 2008, leading to significant revenue growth for content, media providers, and other retailers that utilize SMS messaging to promote their goods and services.
The number of common short codes available is limited and continent-specific. For example, only 79,999 different short codes are available within the range of 20000 to 99999 in North America.
As message volumes increase so will revenues. Telenor, a European wireless carrier, generated $85 million in revenue from CSCs in less than a year after their introduction. Users sent more than 1 billion messages to short codes, leading to major jumps in SMS traffic.
**************************************************************
Strategic Partner Impact Mobile was selected by Deloitte as a "Company-to-Watch" in 2007 in its Fast50 Awards
IAB Mobile Committee, which will set advertising standards
The committee is chaired by Gary Schwartz, CEO of Impact Mobile, with 26 founding member companies including Google, Yahoo!, AOL, Microsoft, Disney, CBS, CNN and NBC.
http://www.imediaconnection.com/news/12235.asp
http://www.impactmobile.com/
****************************************************************
*** PRESS RELEASES ***
Wed, Mar 7, 2007
* Playstar adds additonal conference call for Wednesday March 7, 2007 at 2:00pm EST
http://biz.yahoo.com/prnews/070307/to315.html?.v=16
Wed, Feb 28, 2007
* Playstar RESCHEDULES Company Conference Call To MARCH 6th
http://biz.yahoo.com/prnews/070228/to459.html?.v=13
Fri, Feb 23, 2007
* Playstar sets company conference call for March 1st
http://biz.yahoo.com/prnews/070223/to328.html?.v=13
Thur, Feb 15, 2007
* Playstar announces Sweepstakes for 2007 NCAA Final Four Tickets in Atlanta, GA
http://biz.yahoo.com/prnews/070215/to437.html?.v=13
Tues, Feb 13, 2007
* Playstar reports January revenues of $255,000/to guide 2007 revenues upward
http://biz.yahoo.com/prnews/070213/to371.html?.v=13
Mon, Feb 12, 2007
* Playstar receives final approval for its 321321 short code in USA
http://biz.yahoo.com/prnews/070212/to344.html?.v=14
Thur, Feb 1, 2007
* Playstar Announces National Canadian Launch of March Break Madness Destinations Giveaways
http://biz.yahoo.com/prnews/070201/to439.html?.v=12
Wed, Jan 31, 2007
* Playstar increases its stake and acquires 100% of Function Inc
http://biz.yahoo.com/prnews/070131/to407.html?.v=12
Wed, Jan 24, 2007
* Playstar incorporates in state of Delaware and sets shareholder meeting date
http://biz.yahoo.com/prnews/070124/to224.html?.v=44
Mon, Jan 8, 2007
* Playstar launches private label for its 654321 & 321321 TextToWinBig codes and BID797979 codes immediately
http://biz.yahoo.com/prnews/070108/to468.html?.v=10
Wed, Dec 20, 2006
* Playstar increases its stake and acquires 100% of Function Inc.
http://biz.yahoo.com/prnews/061220/to306.html?.v=10
Thur, Dec 14, 2006
* Playstar Corporation entering massive China SMS marketplace
http://biz.yahoo.com/prnews/061214/to500.html?.v=10
Fri, Dec 8, 2006
* Playstar pleased to report revenues of $200,000 with earnings and projections for 2007 of $7,000,000
http://biz.yahoo.com/prnews/061208/to385.html?.v=9
Wed, Dec 6, 2006
* Playstar settles old debt of $500K and prepares for migration to United States jurisdiction
http://biz.yahoo.com/prnews/061206/to320.html?.v=9
Tue, Nov 28, 2006
* Playstar Corp announces update on share discrepancies and corp development
http://biz.yahoo.com/prnews/061128/to454.html?.v=8
Wed, Nov 22, 2006
* texttowinbig.com gets 321321 short code for USA
http://biz.yahoo.com/prnews/061122/to354.html?.v=10
Thur, Nov 16, 2006
*Playstar and Function Inc joint venture to launch SMS Peer to Peer SMS and Online games
http://biz.yahoo.com/prnews/061116/to251.html?.v=41
Fri, Nov 10, 2006
*Playstar updates and clarifies shareholders regarding recall of shares
http://biz.yahoo.com/prnews/061110/to394.html?.v=8
Fri, Nov 10, 2006
*Playstar updates shareholders on NOBO list and immediate steps towards addressing large discrepancies
http://biz.yahoo.com/prnews/061110/to375.html?.v=7
Wed, Nov 8, 2006
*Playstar announces intial televsion launch of its 654321 short code with national hockey legend Shayne Corson as spokesperson
http://biz.yahoo.com/prnews/061108/to298.html?.v=39
Tue, Oct 31, 2006
*Playstar announces initial marketing of its BID797979 proprietary software
http://biz.yahoo.com/prnews/061031/to346.html?.v=8
Fri, Oct 27, 2006
*Playstar Announces Application for Chitchattext.com into United States Market
http://biz.yahoo.com/prnews/061027/to273.html?.v=36
Wed, Oct 25, 2006
*Playstar announces initial applications filed for its new BID797979.COM Reverse Auction
http://biz.yahoo.com/prnews/061025/to207.html?.v=36
Tue, Oct 24, 2006
*Playstar Corp order current NOBO list to clarify all owners of its issued and outstanding shares of 63,028,246
http://biz.yahoo.com/prnews/061024/to458.html?.v=7
Mon, Oct 23, 2006
*Texttowinbig.com set to expand into massive United States Market
http://biz.yahoo.com/prnews/061023/to405.html?.v=7
Fri, Oct 20, 2006
*Playstar announces impact mobile startegic partner for its SMS texting business
http://biz.yahoo.com/prnews/061020/to382.html?.v=7
Thu, Oct 19, 2006
*Playstar focuses it's marketing on Chitchat text after successful initial marketing
http://biz.yahoo.com/prnews/061019/to354.html?.v=7
Thu, Oct 19, 2006
*Playstar enhances its marketing efforts after the successful launch of 654321
http://biz.yahoo.com/prnews/061019/to332.html?.v=7
Thu, Oct 05, 2006
*Playstar announces initial national launch of its 99969 short code into massive interactive chat market
http://biz.yahoo.com/prnews/061005/to374.html?.v=6
Tue, Oct 03, 2006
*Playstar update on succesful launch of short code 654321 throughout Canada
http://biz.yahoo.com/prnews/061003/to317.html?.v=5
Thu, Sep 28, 2006
*Playstar announces initial national launch of its 654321 short code
http://biz.yahoo.com/prnews/060928/to238.html?.v=36
Tue, Sep 19, 2006
*Playstar Corporation signs definitive letter of intent with Premier Mobile Technologies
http://biz.yahoo.com/prnews/060919/to346.html?.v=4
Fri, Sep 15, 2006
*Playstar Corporation announces corporate update on new business development
http://biz.yahoo.com/prnews/060915/to291.html?.v=36
Disclaimer:
Information above is gathered from either the internet or from other sources that could prove to be unreliable. Please do your own Due Dilligence as some information may be out of date. IHub and the Moderators of this board (PLYCF) will not claim nor hold any responsibility for any person's financial decisions. If any invalid information is located on the PLYCF board, please notify one of the moderators immediately so corrections can be made .
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