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(fka NAGP): SEC Charges Microcap Company, Its CEO, and Former Consultant with Fraud and Registration Violations
https://www.sec.gov/litigation/litreleases/2023/lr25748.htm
SEC Complaint:
https://www.sec.gov/litigation/complaints/2023/comp25748.pdf
Case dismissed? Which one? The Group has been silent since just about 3 years ago, Yet I have heard from multiple sources that the Musketeers were still bringing in a big chunk of money from gullible victims on an almost monthly basis , while never communicating with victims they swindled over past 15 years. Word is one if not at least 2 of them will be handcuffed and spending a lot of time behind bars in the months to come. Plenty of facts can be found by simply googling and going in a few pages. They probably hired an expert SEO hacker to erase 90% of the fraudulent charges that are now popping up against them. You should be ashamed of yourself for showing any support for these Baby Madoffs….Shame on you!
Thank you, plugger. Safe, happy, healthy and hopefully prosperous New Year to you and your many dear ones, as well!
WELL !!! there is still some body hang'n around......HAPPY NEW YEAR
Case dismissed
Happy Good Beer!
Hey, Marine,
It's good to hear from you and know you're still on the green side of the grass.
I suppose anything posted here is for entertainment purposes only. But it sure would be pleasing to know that all the people involved in this scam are taken to the woodshed.
Take care my friend,
Trueheart
NAGP CONSULTANT. Read this guys CRD history.
Total Red Flag!
https://portal.ct.gov/-/media/DOB/Enforcement/Securities/2020-SBID/Bautista-JR-Jr-2020-Consent-Order.pdf
I think the train WAS coming but they took the tracks away YEARS ago....
I know nothing, off topic here, but good to see my friend TrueHeart out here....We spent a lot of years here at NAGP along with a lot of other good folks....I don't hear the train a coming anymore, I just standing in an empty station singing "Only the Lonely, know why I am so blue".....They got a good chunck on my money but thankful for still having my humor----every dog has its day, and these guys has their coming sooner or later------Good to see some post out here----have a really good day
That's good news. Thanks for the post.
Anything on Raj? Years ago I tracked him to England where he had set up an office.
Trueheart
The court filings have been updated. Darrigo has to be on conference call with courts tomorrow or he will probably have a warrant for his arrest , very soon after. No more hiding .
It's been some time since I posted here.
The whole lot of them should be prosecuted.
I should be shot for investing in a penny stock, scam or not.
Trueheart
This guy needs to be found and brought to justice. Somebody called the con artists Rajoe at one point. Put them in Rikers and let the general population teach them about stealing old people's retirement money.
Take a look at What Joe D has been up to. Time for class action Lawsuit.
All NAGP shareholders. Must read!
https://casetext.com/case/direnzo-v-tasa-consulting-llc
Real easy to buy a victory round, eh?
Jack and ginger, please.
I did go to Vegas a couple of weeks ago and made believe it was a victory meeting of NAGP winners....and all the winners showed up....zero
I did watch Ricky Gervais having a blast playing early morning Blackjack at The Cosmo with a bunch of tourists and Sammy Hagar performing an impromptu set above LV Blvd stopping three lanes of traffic
So it wasn't a total loss....and it was a dry heat
I know, but, but,,,, they have found treasure on the ocean’ bottom…. We all know Raj would never lie… I don’t want to discuss politics, but had this bunch in DC Been in office when Raj& Joe we’re around I sort of think we all would be financially well off….day late and a dollar short
Hate to tell you, this ship is sunk.
Glad you are still around, too.
You & Fox telling me this ain't gonna run? I thought this was the real thing, according to Raj
Good to hear from a couple of you old guys.....have a good week
yepper, that it was.
SMH
...or framed on the wall for as a learning moment
With Halloween fast approaching, I was wishing I had taken actual paper certificates from NVMG, er, NAEG or is it NAGP. Whatever.
If I had the paper certificates, they would make great tricks to hand out instead of candy treats.
MY MY MY, July is almost over, it went by just as fast as ole Raj & Joe went through my money....the only difference is July was good to me. I turned 78 and I swear I don't know if my ears are ringing or if I still hear that train a comm'n......
Have a good week-end coming up
Happy 4th of July!
Thank goodness that train is still clanking around.
You must have great insurance.
I was wondering if you were still kick’n,,,,I tell you what, after open heart surgery, back surgery, almost stepping off in to eternity, and I swear I still hear that train, seriously , yesterday I went to my brother’s funeral service and at the grave site, off in tthe distance we all heard that train whistle——-for fear of loosing his left nut Raj & Joe could not make the service……oh,,, you ask about my summer—— each morning I wake up this side of the green, and I say thank you God for this another day…….. life is good
If that's true then we have a lot more to look forward to, and since we heard it from you, how's your Summer going, plugger?
OK, the difference between a fairy tale and a truck driver tale, fairy tale starts out, once upon a time—— the truck driver starts out, now you ain’t gonna believe this sh%}{, but seeing as how I got a ton of mikes under my belt, I have earned the right to say, you ain’t gonna believe this sh}*^#, I heard from a very good source who knows a guy who has a friend who bumped into this guy in a bar who claims he knows Raj, and he tells me that the gas pipe line up in Alaska will open just as soon as the wind turbines get set up—— and all you negative people thought Raj was misleading us… hear it—-toot—-toot, coming round da bend
Sorry, plugger. Doc tells me that's tinnitus.
Excuse me, I swear I thought I heard the train a comm’n, not sure but really sounded like a train.
Now. Grass cutting time is here, along with grill’n time and special deck time with friends & family..... you old timers here on da board have a great summer, and keep an ear open for that train
You and I have the same "failing".
We tend to believe what people tell us, expecting their motives to be as altruistic as they seem.
Live and learn, although a hard lesson.
You are probably right.
We do live in a Bizarro World (apologies to DC Comics).
I really don't know, but the America I grew up has changed so much That I suspect the victim will be guily of insighting a riot, & collect several yrs in the big house and ole Joe & Raj will be given medals of honor for preforming such an unbelievable scam......Although I took to the cleaners, I have to give them credit they were slick as snot on a door handle-----they were really good at what they did. OH! I hold no hard feelings, I always accept what is coming because of my errors----boy or boy did I ever commit an error---errors
Plugger, hope your surgery was 110% successful.
Does all that "finding" in that ruling mean those three go to jail if found in Connecticut or was that a federal law (or two) they broke?
After a year plus, perhaps, a warrant is out and they are "on the lamb". One can only hope, I guess.
The old saying "Money talks and bullshit walks" has more than one meaning.
SMH
Thanks, sort of looks like I may have helped pay the fines, but would have preferred some jail time for them rather than $$$$$$.
I like putting a little something out here from time to time, but due to back surgery and just plain lazy I fell behind. Once again thanks
something for thought processing:
There are big words for laws for which these people break-
A banker steals and they call it embezzelment
a gov't official steals and it is misappropriation of gov't funds
you or me hit a 7/11 for a few bucks and we are just plain ole everyday crooks, thieves and our butt is in jail before the sun goes down
HOWEVER----all 3 of these Guys are just thieves, they all commit the same crime...stealing---whoever has the best BS and position in the working world seem to skate.
OK!!! I vented, back to my jelly-beans
Just something to keep the board alive. Hope all are doing well and have been vaccinated. Cheers
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Native American Energy Group, Inc. and Raj S. Nanvaan f/k/a Tejbir Singh
?(CRD No. 2801400) Each Fined $100,000
On March 13, 2020, the Banking Commissioner entered an Order Imposing Fine (Docket No. CRF-20-8480-S) against Native American Energy Group, Inc. of 61-43 186th Street, Suite 507, Fresh Meadows, New York 11365. The corporation is a purported development stage company specializing in oil, natural gas and alternative energy systems.
Also on March 13, 2020, the Commissioner entered a separate Order Imposing Fine against Raj S. Nanvaan , the company’s Chief Financial Officer.
The Orders Imposing Fine had been preceded by a January 28, 2020 Order to Cease and Desist, Order to Make Restitution, Notice of Intent to Fine and Notice of Right to Hearing (Docket No. CRF-20-8480-S) which, in addition to naming Native American Energy Group, Inc. and Raj S. Nanvaan as respondents, also named Joseph Gatano D’Arrigo , Co-Founder and Chief Executive Officer of the company, and J.R. Bautista, Jr. , a company consultant. Bautista had been the subject of a January 17, 1990, agency Consent Order based on allegations of unregistered agent activity. That Consent Order resulted in an 18 month bar being imposed against Bautista.
The January 28, 2020 action had alleged that respondents Native American Energy Group, Inc. and Bautista violated Section 36b-16 of the Connecticut Uniform Securities Act by selling unregistered common shares of the company to at least one Connecticut investor. The action had also alleged that all the respondents violated the antifraud provisions in Section 36b-4(a) of the Act by failing to disclose to the affected investor that the investment proceeds were actually being wired out to respondents D’Arrigo, Nanvaan and Bautista rather than being used to invest in oil or gas investments.
Each of the respondents was afforded an opportunity to request a hearing on the allegations in the January 28, 2020 Order to Cease and Desist, Order to Make Restitution and Notice of Intent to Fine. Since respondents Native American Energy Group, Inc. and Nanvaan failed to request a hearing, the Order to Cease and Desist and Order to Make Restitution became permanent as to them on February 16, 2020 and February 23, 2020, respectively.
Similarly, respondents Native American Energy Group, Inc. and Nanvaan did not request a hearing on the Notice of Intent to Fine, and the March 13, 2020 Orders Imposing Fine were therefore entered by default. Finding that Native American Energy Group, Inc., violated Sections 36b-16 and 36b-4(a) of the Connecticut Uniform Securities Act, the Commissioner fined the company $100,000. Likewise, finding that Nanvaan violated the antifraud provisions in Section 36b-4(a) of the Act, the Commissioner imposed a $100,000 fine against Nanvaan.
The matters involving respondents D’Arrigo and Bautista remain pending.
Dated: Tuesday, March 17, 2020
Jorge L. Perez
Banking Commissioner
and we thank you and ditto on the upcoming year
HAPPY NEW YEARS 2021 & BEYOND
I wish you & your love one's a very safe & prosperous year. Take care of yourself and your love ones !!! Keep bringing those amazing posts. I look forward to reading your thoughts. It speaks volumes to your character, which is something special. Stay strong.
Without doubt, plugger, without doubt.
Now you say that as a joke, but rumor has it they took that oil rig, you know the one that never showed up, hooked up those wind turbines, you know the ones that never showed up, , powered them both with the natural gas, you know, that gas that never showed up and now are on the way to Virginia to return my money, you know the money that Raj said we all would break even on. Now that Unicorn fits in there somewhere, but I never got the hang of that.....as I said , rumor has it, It all sounded like BS, but then stranger things have happened----
Perhaps, they made their escape.
Probably flew away on a unicorn.
and we are still hang'n around.....good folks here on the board. Wonder what happened to those positive thinking people who made fun of us.....
Almost a year since the cease and desist order was filed....
January 20,2020 Court order
A real puzzler about Raj, et.al. ... Would have been the decent thing to do.
I hope your Christmas was merry and bright.
Mine was
four generations in the house, all at once.
You better watch out, you better not whine, I tell'n you why----OH RAJ is com'n to town......A new bag of tricks and schemes
Got a good sale on wind mills and slightly used oil drill'n machine, Do I hear a dollar??? Do I hear 1/2 Dollar????
They didn't even drop in to wish us all a Merry Christmas & Happy Holidays.....
A day late and a dollar short.
Happy New Year
Hoping and praying for a much better 2021 for all.
Call me one sick puppy, I don't care, but I saw this on fb and just had to share....my warped sense humor here....but, but
A LOCAL MAN ADDICTED TO BRAKE FLUID SAYS HE CAN STOP ANYTIME HE WANTS
Yup...Happy New Year to everyone
SHAME ON ME !!!!!! How could I be so selfish on such a wonderful time of the year and neglect to tell friends here on NAGP---- MERRY CHRISTMAS---- SOOOOO!!!! I will offer each of you a HAPPY NEW YEAR notice ahead of time.....At 77 sometimes things just slip our minds, but that was happening long before 77, what can I say
God Bless and grant each of you a great upcoming year
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Native American Energy Group
Corporate Office:
Native American Energy Group
61-43 186th Street
Fresh meadows, NY 11365
Phone: none listed
Fax: (718) 408-1471
Email: info@nativeamericanenergy.com
Website: http://www.nativeamericanenergy.com
SEE LOWER PORTION OF IBOX FOR MOST CURRENT INFO
NOTE: NAGP HAS BEEN DELISTED AND NO LONGER TRADES
MISC. INFO
http://www.otcmarkets.com/stock/NAGP/financials
http://www.sec.gov/edgar.shtml
Initial Info on SEPT. 2010 lawsuit brought by investors http://www.courts.state.ny.us/Reporter/pdfs/2010/2010_32524.pdf
http://www.reznetnews.org/blogs/tribalog/fort-peck-tribes-agree-explore-develop-energy-resources-reservation-31860 This link notes another company that is doing work with the tribes on Fort Peck. NAGP Had this vision to do the same, although to date there is no info that they will be able to do this. The only info one could find really on this matter by doing some DD is that there are articles out there that says NAGP actually got thrown off the Fort Peck reservation. Do your own DD to confirm.
Current info
Ticker Symbol: | USOTC:NAGP DELISTED | ||||||||
OTC Market Tier: | |||||||||
Security Type: | Common Stock | ||||||||
NAGP Address: | 108-18 Queens Blvd. Suite 901 Forest Hills, New York 11375 | ||||||||
NAGP Country: | USA | ||||||||
NAGP Phone: | 718-408-2323 | ||||||||
NAGP Fax #: | 718-793-4034 | ||||||||
Website: | http://www.nativeamericanenergy.com/ | ||||||||
Description: | Native American Energy Group (NAEG) is an independent energy resource development and management company specializing in oil, natural gas, and alternative energy systems. For additional information, please visit: www.nativeamericanenergy.com www.youtube.com/nativeamericanenergy www.facebook.com/nativeamericanenergy | ||||||||
SIC Code / Description: | 1311 / Crude petroleum and natural gas | ||||||||
Shares Authorized: | |||||||||
Shares Outstanding: |
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Shares Outstanding |
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Shares Holder Count: | |||||||||
Shares Holder Date: | |||||||||
Market Capitalization: | |||||||||
Key Executives: | Raj Nanvaan - Founder Linda C. Chontos - Admin. Officer Joseph D'Arrigo - Founder Richard Ross - Corporate Secretary Doyle (Tony) Johnson - Chief Geologist | ||||||||
Number of Employees: | |||||||||
Incorporation State: | Delaware | ||||||||
Incorporation Country: | USA | ||||||||
Incorporation Year: | 1996 |
Native American Energy Group announces dismissal of lawsuit 1-31-2012 http://ih.advfn.com/p.php?pid=nmona&article=50971525
This is brief of release click link for full release
The Latest info on the lawsuit brought by investors is that it was settled. The Plaintiffs agreed to dismiss all claims alleged in the lawsuit with prejudice and on January 30, 2012 filed with the Court a Notice of Voluntary Dismissal with Prejudice. Nonetheless, in an effort to avoid further litigation, we, on behalf of the Company and the other Defendants, have agreed to issue to the Plaintiffs an aggregate of 606,756 shares of the Company's common stock in addition to the 1,738,750 shares already held in escrow for a total of 2,345,506 shares of our Common Stock (the "Settlement Shares"). We have further agreed that within 30 calendar days of the removal of the global lock by DTC, we will issue each Plaintiff an individual warrant. The term of each individual warrant shall be for two years from the date of the removal of the DTC global lock and shall be for the purchase of a number of shares of the Company's common stock equal to the number of Settlement Shares received by that individual Plaintiff, with an exercise price of $0.70 per share.
14-Apr-2016
Regulation FD Disclosure, Financial Statements and Exhibits
Native American Energy Group, Inc. corrected and replaced its release issued on April 13, 2016 - "Native American Energy Group Announces Transfer Agent Change" due to multiple revisions to the "Effective Date" in the first and bottom section. The corrected release reads: CORRECTION - Native American Energy Group Announces Transfer Agent Change.
Native American Energy Group, Inc. changed its transfer agent for NAGP common stock from Pacific Stock Transfer Company to Manhattan Transfer Registrar Company ("Manhattan"), effective, April 25, 2016 (the "Effective Date"), with its current address at 57 Eastwood Rd, Miller Place, NY 11764. Registered stockholder accounts will be transferred automatically to Manhattan Transfer Registrar Co. without interruption in service. No action is required by stockholders. A copy of the Company's press release to its stockholders is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Most recent update of operations provided by MBAA519 on 6/9/2017...and thanks for this go out to this concerned investor
1. Montana is inactive and has not produced any oil or has reported to the state since 9-2012.
http://bogc.dnrc.mt.gov/WebApps/DataMiner/Production/ProductionByWell.aspx
2. Alaska has stalled and there is no bonding in place nor is the a bond in place for Montana
NOTE 6 – SECURITY DEPOSITS from last 10-K/A
The Company had an aggregate of -0- and $50,000 as of December 31, 2012 and 2011, respectively, deposited in two financial institutions as collateral for posted surety bonds with various governmental agencies in Alaska and Montana as assurance for possible well-site reclamation, if required. The Company is obligated to maintain a surety bond in conjunction with certain drilling permits. In March 2011 and in September 2012, the Company cancelled two of its oil and gas surety bonds in the aggregate amount $150,000 issued to the Alaska Oil & Gas Conservation Commission (“AOGCC”) and the Matanuska-Susitna Borough Planning Commission (“Mat-Su Borough”) for its Kircher Unit state and borough drilling permits in Alaska. As a result of the bond terminations, the financial institution returned the $150,000 cash collateral to the Company. In the event that the Company re-applies for the state and borough drilling permits with the AOGCC and the Mat-Su Borough, it will be required to re-post bonds in the amount of $100,000 and $50,000, respectively. During the year ended December 31, 2011, the Company forfeited an $8,590 deposit held as security for its corporate office lease in New York.
3. As for the wind generation Windaus was acquired by another public company so I don't know what the position for NAGP is with that project for they were in default of the original agreement that was modified for missing the payment schedule.
https://www.windstream-inc.com/
4. As for Oklahoma I cant find any well info in their database assigned to NAGP.
This is current knowledge that is available for NAGP not negative not positive just current knowledge.
https://biz.yahoo.com/e/160414/nagp8-k_a.html
Shareholder updates and press releases from the company website:
http://www.nativeamericanenergy.com/investors/press-releases/
Note: This information seems out of date but is due to the fact that the company has little or no current info available to investors other than what is on the webiste listed above. ANY new information, filings and evidence of current operations will be added when they are made available.
NAGP SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81608.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81608-o.pdf
Admin Proceeding
https://www.sec.gov/litigation/admin/2017/34-81609.pdf
Company statement re; Delisting:
https://globenewswire.com/news-release/2017/10/09/1142936/0/en/Native-American-Energy-Group-October-2017-Update.html
FRESH MEADOWS, N.Y., Oct. 09, 2017 (GLOBE NEWSWIRE) -- Native American Energy Group, Inc., an active Delaware corporation (OTC-PINK:NAGP) (the "Company") announces that on October 4, 2017, the Securities and Exchange Commission ("SEC" or the “Commission”) and the Company jointly submitted a signed settlement offer to the SEC that would provide that pursuant to section 12(j) of the Securities Exchange Act of 1934 (the "Exchange Act"), the registration of the Company's common stock and any other class of securities will be revoked. On October 6, 2017, the SEC accepted the referenced settlement proposal and revoked the registration of the company common stock pursuant to Section 12 of the Exchange Act, resulting in NAGP now being delisted from trading. The Company’s NAGP security last traded at seventeen and a half cents ($0.175).
Company statement re: Website changes
https://globenewswire.com/news-release/2018/09/28/1586528/0/en/Native-American-Energy-Group-Offers-Stakeholders-Ability-To-Communicate-Via-Interactive-Web-Content.html
FRESH MEADOWS, N.Y., Sept. 28, 2018 (GLOBE NEWSWIRE) -- Native American Energy Group, Inc. (formerly OTC-PINK:NAGP) (the "Company"), an active Delaware corporation and independent energy resource development and management company specializing in oil, natural gas, and alternative energy systems, recently effected changes to its website - Investor Relations Section, offering stockholders and stakeholders, alike, a means to communicate with management in order to facilitate the Company’s evaluation of a potential share repurchase program. The Company website now includes an Interactive Preliminary Informational Survey & Contact Form for this purpose that can be submitted electronically by interested parties.
The moderator of this board will post info in the IBOX that one can use to start DD on this play. Although the moderator will try his best to post info which is beleived to be true, one should determine this for sure with doing additional DD to confirm all info in this IBOX. The moderator assumes no responsibilty that all the info in the IBOX is true since he will post links and info supplied by others including posters from this board. The moderator freely admits that at this time he has very little invested with this company, and in no way what is posted in the IBOX should be taken as advise to buy or not buy this stock. PLEASE BE SMART AND DO YOUR OWN DD
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