Sarissa Resources Inc (SRSR)

[Suvorov]

SRSR CEO Dan Byrnes slammed with $310,000 judgement

It took the NY Department of Labor almost 3 years to corner Dan Byrnes misrepresenting, lying and misappropriating monies in his trusteeship of Fort Orange Capital pension fund.

Byrnes used 96% of the pension plan's capital to buy a penny stock, Sarissa Resources, which is not allowed for NY State pension plans.

The presiding judge asserted that, 'Dan did the SRSR purchase for his own benefit, not for the benefit of the pension plan '.

Byrnes is also barred from holding any trusteeships in NY State ever again.

The new Trustee for the pension plan has asked Dan for the shares he misappropriated; unfortunately, Dan has sold them already.

This legal scar will be problematical for Byrnes as he is been sued in an Ontario lawsuit for not providing Nio Star with proper fiduciary care.

Byrnes was asked for a comment:

Byrnes declined to comment, but he said one could call him on the telephone.