Monday, November 03, 2014 5:17:06 PM
Lovatt will likely have the same failed business plan for PKGM that he had with DNAD. He has already started his usual toxic dilution game with a convertible note from Seth Kramer's KBM Worldwide, Inc.
http://www.sec.gov/Archives/edgar/data/1591157/000151116414000590/f8k3.htm
Seth Kramer is the brother of Curt Kramer, CEO of the notorious Asher Enterprises. He is also a fraudster in his own right having agreed to $1.2 MM to settle charges of mortgage fraud committed through his company Cambridge Home Capital LLC.
http://www.law360.com/articles/290044/ny-lender-to-pay-1-2m-over-mortgage-fraud-role
http://www.justice.gov/usao/nys/pressreleases/December11/cambridgesettlementpr.pdf
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