DD Support Board and Research Team

[Cassandra]

Attorney Opinion Letters: The SEC needs to charge more of the attorneys who facilitate the numerous fraudulent schemes by providing bogus opinion letters to transfer agents that result in the issuance of unregistered, non-exempt stock to the public as done with TECO.

The penalties need to harsher as well. Without the bogus opinion letters, this particular kind of fraud would largely be prevented.

IMO, TAs need to be more vigilant as well and should not look away when its obvious that no exemption from registration actually exists despite getting a letter from a shady attorney. TAs should provide an additional level of gatekeeping and should not allow themselves to be gagged to hide actual share structures.

Samuel E. Whitley's Whitley & Associates has other clients that have run into trouble. Known OTC client list:

http://www.otcmarkets.com/research/service-provider/Whitley-&-Associates-LLP?id=1633&b=n&filterOn=3

Firm website: http://www.whitleylawgroup.com/Attorneys/Samuel-E-Whitley.shtml