Jason Williams is Simmonds third testicle. It would be impossible for him not to know the ins and outs of these scams. Carrie Weiler also knows everything about these shell company scams because she moves the money around. You know what fraud is, it's simple to recognize when you are moving other people's money, or shell company money to offshore bank accounts.
Rubea Altos, Michael Greco, and a few others I believe were partially duped, but they must have also known that at some point this was a total Sham. The problem I have with all of this, is that the people mentioned above didn't have the common decency to go to the authorities and tell them what they know.
Simmonds owned Oilstik way before AC Simmonds, or Vertility, or Pacific software, or any of the other she'll scams he has pulled. He "vended" it into Vertility, and took 7+ million shares for it. Who knows if this product even works, or is it, itself another false promise.
His scams are simple....he takes money, issues RESTRICTED paper, then promises a registration event at some point in the future to turn the worthless restricted paper into free trading shares. The registration event never happens, so we all hold worthless toilet paper. The shells are almost always based in Nevada. This is by far, the worst state for shareholder rights.
I have posted much on this forum, that should more than answer your questions about the "WHO", and the "HOW". The only answer that remains is the "WHY"!
I suggest you read the posts on this forum, they are quite informative, and extremely accurate.
Enough said. If I was Simmonds, and I was "innocent", I would refute these claims. Why doesn't he.....because he can't. He only cares about the cash, and fleecing investors and banks and pensioners, and probably homeless dudes.
What a pathetic POS this jackass is.
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