QED Connect Inc (QEDN)

[beenhadbefore]

Is this the same Raymond Francis Purdon with the employment agreement?

Source: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=115316291

Still sanctioned by FINRA, and it's FINAL. And that was in 2011.
Speaking of court though, his last partners - the Amatos - are in jail. They got screwed by Purdon. He promised 2 million in financing for a medical marijuana farm, they sold everything and came through with their part.

Purdon came through only as far as putting out the PRs to run the MJ scam, prop up the share price and sell his shares. Same with the oil scam in late 2013/early 2014. The Amatos ended up in jail, the whole scheme was illegal, and they got into some other trouble too after Purdon took them for everything.

It's all he ever does. He doesn't care. He figures your money is his money, he just has to figure out a way to take it, and that's what's going on now.

He and Makmann may have problems with their connection to the illegal MJ farm, we'll see.

Here's the judgement from FINRA - it's FINAL, and you'd think of he was innocent he would have showed up at the hearing.

And yes, this is the same Raymond Francis Purdon, Little Silver NJ who is the CEO, chairman, and toxic financier (by way of Grandview) of GEGI.

WASHINGTON
ON DECEMBER 21, 2011, THE SECURITIES DIVISION ENTERED A FINAL ORDER AGAINST RAYMOND FRANCIS PURDON. THE FINAL ORDER STATED THAT THE RESPONDENT HAD FAILED TO APPEAR FOR STATUS CONFERENCES ON SEPTEMBER 20, 2011 AND OCTOBER 5, 2011. THE RESPONDENT WAS SUBJECT TO AN ORDER OF DEFAULT THAT WAS ENTERED ON OCTOBER 5, 2011 BY ADMINISTRATIVE LAW JUDGE THOMAS P. RACK. THE FINAL ORDER ORDERED THE RESPONDENT TO CEASE AND DESIST FROM ANY FURTHER VIOLATIONS OF RCW 21.20.010 AND DENIES FUTURE SECURITIES REGISTRATION APPLICATIONS OF THE RESPONDENT. THE FINAL ORDER ALSO ORDERED THE RESPONDENT TO PAY A FINE OF $10,000, AND INVESTIGATIVE COSTS OF $500. THE RESPONDENT HAS THE RIGHT TO PETITION THE SUPERIOR COURT FOR JUDICIAL REVIEW OF THE ORDER. ON MARCH 1, 2011, THE SECURITIES DIVISION ENTERED A STATEMENT OF CHARGES AND NOTICE OF INTENT TO ENTER ORDER TO CEASE AND DESIST, DENY FUTURE REGISTRATIONS, IMPOSE FINES, AND RECOVER COSTS AGAINST WILLIAM SPENCER HOWARD III AND RAYMOND FRANCIS PURDON (COLLECTIVELY "RESPONDENTS"). THE SECURITIES DIVISION ALLEGES THAT WHILE A WASHINGTON RESIDENT WAS RESPONDENT HOWARD'S CUSTOMER AT GUNNALLEN FINANCIAL, INC., RESPONDENT HOWARD AND/OR HIS COLLEAGUE RESPONDENT PURDON SOLICITED THE RESIDENT TO INVEST A TOTAL OF $443,504 IN TWO STOCK INVESTMENTS. THE SECURITIES DIVISION ALLEGES THAT IN OFFERING AND SELLING THE INVESTMENTS, RESPONDENT HOWARD AND/OR RESPONDENT PURDON VIOLATED THE ANTI-FRAUD PROVISION OF THE SECURITIES ACT OF WASHINGTON BY MAKING MISREPRESENTATIONS AND OMISSIONS OF MATERIAL FACTS, AND ENGAGED IN DISHONEST OR UNETHICAL PRACTICES BY EFFECTING SECURITIES TRANSACTIONS NOT RECORDED ON THE REGULAR BOOKS AND RECORDS OF THE BROKER-DEALER WHICH THEY REPRESENTED. THE SECURITIES DIVISION FURTHER ALLEGES THAT IN OFFERING AND SELLING THE INVESTMENTS, RESPONDENT HOWARD ENGAGED IN DISHONEST OR UNETHICAL PRACTICES BY RECOMMENDING AN UNSUITABLE INVESTMENT, MARKING AN ORDER TICKET AS UNSOLICITED WHEN IN FACT THE TRANSACTION WAS SOLICITED, AND BY FORGING THE RESIDENT'S SIGNATURE. THE SECURITIES DIVISION INTENDS TO ORDER THAT THE RESPONDENTS CEASE AND DESIST FROM VIOLATING THE SECURITIES ACT OF WASHINGTON, AND GAVE NOTICE OF ITS INTENT TO DENY FUTURE SECURITIES REGISTRATION APPLICATIONS OF THE RESPONDENTS. THE SECURITIES DIVISION ALSO GAVE NOTICE OF ITS INTENT TO COLLECT FINES AND CHARGE COSTS. THE RESPONDENTS HAVE A RIGHT TO REQUEST A HEARING ON THE STATEMENT OF CHARGES.

Source: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=115316291