CMKM Diamonds Inc. (fka CMKX)

[dia duit]

Can't believe this isn't getting more attention here....

fung, it gets better. Attorney Sine was up to his neck in ponzi schemes. Cottrell's associate Meddles was just one them but, the Delmarva Timber Trust/Alpha affair was the worst. And the secretive cloak and dagger routine didn't impress the court too much, in fact that was my favorite part along with the stunt Meddles pulled. LOL Christopher Stappas testimony is an interesting read also.

You have to wonder WTF is going on now? One thing for sure, the Gov NEVER worked with the Meddles on this BS!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50438276

(b) That the new refunding flow charts would resemble the flow charts Delmarva Timber Trust, et al., had developed under Mr Wilcox and Mr Cottrell’
The question – whether the US Government desires to deny the Beneficiaries of Mr "Owen" Meddles the right to secure and receive the Trust Res of Delmarva Timber Trust/Home and Commercial Investors (R.E.I.T.) Ltd/ Mr Charles "Owen" meddles, et al. – is the result of the following events:

(1) That Mr Charles "Owen" Meddles was a member of a Special Operations unit formed with the purpose of financing covert operations during the Eisenhower Administration and continued until his death on 17 October 1992;
(2) That Mr "Owen" Meddles was instrumental in the creation and funding of the following entities, but NOT limited to: Transcon Investment Trust, et al.; Home and Commercial Investors, et al; Home and Commercial Investors (R.E.I.T.) Ltd., et al.; Alpha Funding, et al.; Alpha, et al.; Alpha Holding, et al.; Lasmo and/or Lasmo Holdings, et al.; AGC, et al.; CIT Financial, et al.; Meridian Investment, et al.; Wilmington Trust, et al.; Genesis Group, et al.; and others numbering more than 37 (37);
(3) That Mr Donald A. Meddles was given assurances, by various US Government agencies, between December 1999 and December 2000, that resolution of these issues had been agreed upon, i.e. Enclosure 4;


http://www.metnews.com/sos/0707/0510575.PDF

Some exerts of interest;

3The defendants claimed that Delmarva had conveyed the securities to
Alpha in 1991. The defendants never explained why Delmarva transferred
securities worth $54 million to Alpha. Instead, they presented a Byzantine
tale about the extraordinary wealth of Delmarva’s owner, his clandestine
career as a CIA agent, the secretive handling of his finances, and the disappearance
of his supposedly huge assets after his death.


As part of its effort to disprove Sine’s good faith, the government
decided — a decision that is at the core of this appeal
— to highlight the shady nature of the legal tactics Sine used
in trying to recover on behalf of Alpha Trust. Jurors heard testimony,
for example, that Sine did not serve Meddles and Delmarva
with the complaint in the Utah state court suit he filed
against them in late 2000, so it was dismissed for a lack of
prosecution. Also, Sine sued Meddles and Delmarva in Utah
again in 2001, this time in both state and federal court, along
with two entities, Polly & Co. and Hare & Co., that were the
true owners of the Ginnie Mae securities referenced in the
transfer forms. In response to this second suit, Meddles — in
March 2003, over a year after the indictment in this case —
settled the two suits for $18 million. But, according to the
government’s evidence, the settlement was a sham: Although
Meddles said he was acting on behalf of Polly and Hare, the
two entities were never served with the complaint, and were
in fact subsidiaries of the Bank of New York, with no connection
to Meddles. Sine nonetheless used his supposed status as
a judgment creditor of the two entities to request that companies
who owed money to Polly and Hare redirect repayments
of those debts to him, as trustee of Alpha Trust. When these
requests were in several instances successful, Sine, inexplicably,
gave the money he received to Meddles — even though
the settlement of the Utah case obligated Meddles to pay $18
million to Alpha Trust.


When equity looks for a reason to favor Sine and
Meddles it finds none. The record presently before
the court is rife with chicanery, mendacity, deceit,
and pretense. The versions each has given about his
activities, whether in court or out, ring false.
Sine purports to be a trustee — a fiduciary — acting
on behalf of unidentified creditors. Yet he has
taken none of the conventional steps to enforce the
Utah judgment against Delmarva. He has not issued
subpoenas duces tecum, demanded an accounting, or
conducted a debtor’s examination.
It is not just what he has failed to do — it is what
he has done that also compels a finding that Sine is
not acting as a bona fide judgment creditor. Instead
of keeping the funds coming to Meddles in the name
of fake Polly and fake Hare, Sine sends them on to
Meddles. When he does so, he has no idea what
Meddles will do with them. He claims that he keeps
the cash flowing in a one-way direction to keep
Meddles “cooperative.” This means, apparently, that
Sine expects Meddles will “cooperate” if encouraged
to pump more cash from wells belonging to others.
But there is no indication of when, if ever, payments
on the Utah judgment will be made.
Indeed, the inference is fair, and can fairly be
drawn, that no payments on that judgment ever will
be made. There is no incentive to do so — why stop
feeding a goose when it gives the promise of laying
golden eggs forever? Once the judgment is satisfied,
it cannot be a pretext for using fake Polly and fake
Hare as putative judgment debtors to recover additional
funds.

http://www.mortgagefraud.org/journal/2005/8/9/two-sentenced-in-multi-million-dollar-fraud-scheme.html

Two Sentenced in Multi-Million Dollar Fraud Scheme