Pacific Ventures Group Inc (PACV)

[rbd317]

During my DD, I kept on coming back to the Form 15D filed on December 30, 2009 with the SEC by Kip Eardley.

http://www.sec.gov/Archives/edgar/data/882800/000116216110000003/ameagle-form15_15d.txt

Pursuant to the requirements of the Securities Exchange Act of 1934, Chartered Semiconductor Manufacturing Ltd has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

DATE: December 30, 2009 BY: /s/ Kip Eardley
Name: Kip Eardley
Title: President

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I was questioning on whether there could be misrepresentations (false or misleading statement) made by Kip Earley and what could be the consequence of his actions if proven guilty. I've looked at the Securities Exchange Act of 1934 and found the following provision and I hope that Kip is acting in good faith as current market cap of AEGP at Friday's close is only $649k (5.791m x 0.12) versus the $5m fine (and 20 years imprisonment plus may be the end of his career).

http://www.sec.gov/about/laws/sea34.pdf

SEC. 32. (a) Any person who willfully violates any provision of this title (other than section 30A), or any rule or regulation thereunder the violation of which is made unlawful or the observance of which is required under the terms of this title, or any person who willfully and knowingly makes, or causes to be made, any statement in any application, report, or document required to be filed under this title or any rule or regulation thereunder or undertaking contained in a registration statement as provided in subsection (d) of section 15 of this title, or by any self-regulatory organization in connection with an application for membership or participation therein or to become associated with a member thereof, which statement was false or misleading with respect to any material fact, shall upon conviction be fined not more than $5,000,000, or imprisoned not more than 20 years, or both, except that when such person is a person other than a natural person, a fine not exceeding $25,000,000 may be imposed; but no person shall be subject to imprisonment under this section for the violation of any rule or regulation if he proves that he had no knowledge of such rule or regulation.

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I believe this further solidifies the Chartered Semiconductor Manufacturing Ltd connections and it is just a matter of time (coupled with further extensive DDs) for us to find out.

GLTA