Bebida Beverage Company (BBDA)

[NoPinkScams]

Brian Weber friend and co-conspirator will see some jail time. Just a matter of time before Brian joins him.

http://www.justice.gov/opa/pr/former-enzyme-company-owner-pleads-guilty-filing-false-tax-returns-and-perjury

Hochstedler engaged in another stock-for-equity agreement with Bebida Beverage Company, where he assumed the debt of Bebida in exchange for its stock. In 2009, he sold the Bebida stock for more than $1 million and substantially underreported the capital gain on his tax return.

In June of 2009, the SEC deposed Hochstedler regarding the stock-for-equity transactions. During the deposition, Hochstedler falsely stated that the stock he received from Bebida represented repayment of loans and that he sold the Bebida stock for $300,000 to $400,000, when the actual sales price was in excess of $1 million.