MedGen Inc (MDIN)

[Scumbag Fraudsters]

WRONG WRONG WRONG!

While the official PRs have disclaimers, many of the the shareholder letters and all the tweets (which are all official company statements) did not, and they're just as damning, if not more.
Disclaimers don't absolve them from prosecution when posting intentionally fraudulent statements.
There are likely also shareholders who have received fraudulent statements via email.

These sleazy bastard left a trail of slime 4 years long, and it's not hard to follow.
There are four years of fraudulent statements and many are still publicly available. I believe it may have started with the 2013 pro forma from Nicholas Chieco.
While many of the shareholder letters have been removed, I have copies of some and shareholders likely have copies of others.
The ones that aren't can be obtained by subpoena. This applies to MDIN and ANAS - be sure to report BOTH companies!





Raymond Barton is Managing Director of Peachtree Capital, LLC.
415 E. Main Street
3rd Floor, Suite 1
Port Jefferson, New York, 11777





He is also a founder of East Main Stock Transfer, Inc. which shares that address. http://eastmainstocktransfer.com/wordpress/?page_id=71
415 E. Main Street
3rd Floor
Port Jefferson, New York, 11777
Phone: [phone]
Email: [e-mail], [e-mail]




Since no one has been able to reach anyone at MedGen, do try calling and emailing Barton and his scumbag associates at East Main Transfer!



First and foremost, complaints should be submitted to the SEC.
Online complaint portal


The NY Dept. of Taxation informed me that the reason MedGen was dissolved in October is because they had never paid taxes since the company was incorporated in January 2013.
What a bunch of deadbeats and criminals!
They've paid no taxes, yet the website is still functioning and the company appears to still be selling leftover products and keeping every penny.

I asked why the Dept. of Taxation wasn't trying to collect or going after the owner, and they said they don't even know if anything is owed because no taxes were ever filed to show income.
I told them the company had filed financial reports showing income (millions of dollars on one Q), but they said they don't look at those.
I asked why assets weren't being seized and they said that could possibly be done IF there are assets, but "lots of companies don't pay taxes, that doesn't mean they're breaking the law."
And they don't have the power to go after anyone, only the IRS could do that for unpaid taxes or tax fraud.
Therefore, I suggest shareholders use this form to report MDIN for tax fraud to the IRS.


There are other departments in the New York Attorney General's Office that may take action for different offenses.

Investors Protection & Securities Bureau http://www.ag.ny.gov/bureau/investor-protection-bureau

The Investor Protection Bureau is charged with enforcing the New York State securities law, commonly known as the Martin Act. The Martin Act gives the Attorney General broad law-enforcement powers to conduct investigations of suspected fraud in the offer, sale or purchase of securities. Where appropriate, the Attorney General may commence civil and criminal prosecutions under the Martin Act to protect investors.

Online complaint form
Email address to submit a complaint: [e-mail]



Criminal Enforcement and Financial Crimes Bureau

The Bureau focuses primarily on cases involving bank and financial institution fraud, securities and investment fraud, money laundering, tax crimes, mortgage fraud, investment schemes and insurance fraud.

Online complaint form


You also might as well report the company's stock transfer agent for being fraudsters.
It's obvious to a blind man (but not the lame-ass SEC) that they handle nothing but scams.

Here's an article written in 2015 about the SEC's new plan to crack down on crooked penny stock transfer agents.
SEC eyes transfer agents in new front against U.S. stock fraudsters
Looks like that effort was all bark and no bite.


MDIN shares are handled by Signature Stock Transfer, Inc.
2632 Coachlight Court
Plano, TX 75075
972-612-4120
Email: [e-mail] or [e-mail]




It's obvious from their client list that they specialize in scams, and they need to be SHUT DOWN!
http://www.otcmarkets.com/research/service-provider/Signature-Stock-Transfer-Inc.?id=2227&b=n&filterOn=6




Texas Attorney general

The State Securities Board of Texas is authorized by law to investigate complaints regarding the sale of securities, notes, limited partnership interests, commercial paper, oil and gas investments, and investment contracts. The Board is responsible for detecting and preventing violations of the Texas Securities Act, such as illegal sale of unregistered or non-exempt securities, sale of securities by unregistered dealers, and fraud committed in connection with the sale of securities and investments.

Online complaint form




State Securities Board of Texas

The Texas Securities Act is the state law regarding the regulation of the securities industry in Texas. The Act provides for the registration of securities offered or sold in Texas, and of firms and individuals who sell securities or render investment advice in the state.

How to file a complaint

A complaint pertaining to a securities dealer, agent, investment adviser, or investment adviser representative registered under the Texas Securities Act must be submitted to the Texas State Securities Board in writing. To file a complaint about the offer and sale of securities or about your securities dealer or investment adviser, please download and complete this form and send it to the Texas State Securities Board.