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It's evident that confessed criminal attorney Martin Eric

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jurisper Member Level  Wednesday, 06/06/12 02:50:06 AM
Re: jurisper post# 2373
Post # of 2961 
It's evident that confessed criminal attorney Martin Eric Weisberg has performed work for VRAL in recent months.

Why has VRAL been paying for the services for a lawyer facing trial on two federal criminal indictments for fraud (pleading guilty to one count from each a few days ago) and a related SEC action?

The last sentence of the 2011 financials says this: "In February 2012, the Company agreed to issue 6,923,070 of its common shares in satisfaction of $90,000 in outstanding fees to a legal advisor. Of this amount, $72,500 was accrued at December 31, 2011."

The 6,9230,070 shares mentioned there matches one of the issues of restricted a stock to Wesiberg (see the long issuance list in the info statement). These were issued at $0.0195, so for a total value of $135K. In other words, he got stock worth 150% of the amount supposedly owing to him.

The fact that only $72,500 was accrued as of year end undoubtedly means that he did further work through Feb, supposedly worth $17,500.

Subsequent to Feb, he continued to work for VRAL - the issuance list shows him getting another 2,566,475 restricted shares at $0.0146 sometime before the mid-May date of the info statement.

Of course, VRAL and Weisberg have a long-standing relationship. Eg this S-8 giving him 500,000 shares of free trading "consulting" stock back in July 2007, not long before his Oct 2007 indictment for the Xybernaut/Ramp scam: http://www.sec.gov/Archives/edgar/data/1091326/000121465907001592/c71670s8.htm

(in conjunction with Hugh Austin, Paul Giarmoleo & others).

So taking a quick survey of the conga-line of douchebags dancing around VRAL, we have:

- Wesiberg, a confessed criminal with a record of facilitating bogus free-trading share scams; doing recent undefined legal work.

- Bryan G. Crane, confessed criminal in an FBI pennyscam kick-back sting; runs Bluewater Advisory, VRAL's PR firm since Crane's 5 year parole period ended in Feb this year.

- Hugh a/k/a Eugene W. Austin, never charged but subject to a $100M+ default judgement in a civil suit brought by the receiver in the Capwill etc scam for assisting with money laundering; apparently in control of DMBM Inc which has been issued large amounts of supposedly fee-trading stock at massive discounts to market upon conversion of debt in murky circumstances.

- Paul Giarmoleo, effectively booted out of the brokerage industry for matters including his own role in the Capwill caper; apparently co-principal with Austin of Wonderland Capital, the predecessor of DMBM Inc as VRAL "investor".

All with history going back together over the years & most with a long, long association with VRAL.

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