ProTek Capital Inc (PRPM)

[Kool Aid Man]

Is this PRPM's “Luther Jeffries”???

The official bio of PRPM's CEO Luther R. Jeffries states he.. also owned a multi unit chain of jewelry stores.” On Thursday, 02/13/14 I posted the following finding:

"Luther R. Jeffries Jr" was involved in AUTEC ASSOCIATES INC [AUTC.PK ] as far back as May 1995. AUTEC became CAPITAL HILL GOLD, INC then CAPITAL HILL RESOURCES LTD. It seems he's also tied to AMERICAN UNITY INVESTMENTS, INC and AMERIMINE RESOURCES, INC. AUTEC JEWELERS, LLC was incorporated after the deal with CAPITOL HILL GOLD. SEC report:

Autec Associates, Inc. (“Autec”) was formed on June 30, 1988 as a corporation under the laws of the State of Florida (the “Company”). Our [CURRENT COMPANY CAPITAL HILL GOLD INC] shares trade on the Over-the-Counter Bulletin Board under the symbol “CHGI”. From inception in 1988 to early 2004, we were engaged in the design, manufacturing, marketing, distribution and repair of stone-set jewelry using diamonds and other precious gemstones, such as rubies, sapphires and emeralds. We also manufactured and designed numerous modern styles of stone-set jewelry, including necklaces, earrings, rings, bracelets, and other ornaments.

We managed a retail outlet for the sale of our jewelry products to the public in Stuart, Florida. We intended to broaden our customer base by selling our jewelry products within the United State and Canada. Customers for the jewelry products were primarily consumers [RETAIL]. Our market concentration was in southeastern United States, which was primarily due to long-term existing relationships with certain clients.... http://www.secinfo.com/dUYqh.zt.htm

I just ran across the following which has multiple entries identifying someone named "Luther Jeffries" involved in money laundering for someone convicted of running a big time jewelry racket. (Note: Mr Jeffries is named in the following case wherein plaintiffs sought to recover taxes they incurred in relation to losses they suffered as the victims of an elaborate fraud scheme amounting to $78,160,409.00 involving gems and jewelry. The court record states the "between 1988 and 1997, the plaintiffs were victims of a fraud scheme perpetrated by John Robert (“Jack”) Hasson (“Mr. Hasson”) and his associates involving gems, jewelry, and collectibles." Incredible reading including a fantastic scheme to defraud celebrities and even the Sultan of Brunei).

In the United States Court of Federal Claims
Nos. 01-428T, 03-2803T & 05-1265T
Filed: January 9, 2008

ABEN E. JOHNSON and JOAN G. JOHNSON, Plaintiffs,
v.
THE UNITED STATES, Defendant.

LUTHER JEFFRIES IS NAMED AS FOLLOWS

Pege 32

F. Claim Against Luther Jeffries
Luther Jeffries was a resident of Martin County, Florida, who allegedly assisted Mr. Hasson in laundering funds stolen from the plaintiffs by helping to transfer $6,324,000.00 to the Bahamas. Mr. Jeffries was paid $110,000.00 out of those funds, which he used to buy a cabin in Alaska. The funds transferred to the Bahamas, which were the source of the payment to Mr. Jeffries, were derived from the sale by Mr. Hasson of his Jetstar jet aircraft, a parcel of real estate on Big Pine Key, and three boats as described above. On August 21, 2000, Mr. Johnson filed an impleader claim against Mr. Jeffries, as described more particularly below. Mr. Johnson entered a settlement agreement with Mr. Jeffries on May 9, 2001, under which Mr. Jeffries paid the plaintiffs $82,000.00.

Page 36

V. The Impleader Claims Filed by the Plaintiffs in 2000 and 2001

A. Impleader of Luther Jeffries and Ruth Teichert

On August 21, 2000, an order was entered impleading Luther Jeffries and ordering him to show cause why the $110,000.00 transferred to Mr. Jeffries by Mr. Hasson should not be subject to execution by Mr. Johnson. Ruth Teichert was the wife of Mr. Jeffries. On October 30, 2000, an order was entered impleading Ms. Teichert and ordering her to show cause why the $110,000.00 transferred to Mr. Jeffries by Mr. Hasson should not be subject to execution by Mr. Johnson. The funds transferred by Mr. Hasson to the Bahamas, which were the source of the payment to Mr. Jeffries, were derived from the sale by Mr. Hasson of his Jetstar jet aircraft, a parcel of real estate on Big Pine Key, and three boats. The impleader claims against Mr. Jeffries and Ms. Teichert were dismissed as part of the settlement with Mr. Jeffries described above

(Note: "Impleader Claims" defined: http://legal-dictionary.thefreedictionary.com/Impleader --KAM) Page 43

VII. Total Recovery by the Plaintiffs The total amount recovered by the plaintiffs to date in their claims against Mr. Hasson and related persons and entities is $39,288,079.15, as detailed below:

The plaintiffs’ recoveries through December 31, 2001:

05/09/01 Luther Jeffries settlement $82,000.00

http://caselaw.lp.findlaw.com/data2/circs/fedclaim/2008/01428tp.pdf

The information quoted above comes from official court records. More on how these “jewelry stores” operated:

http://openjurist.org/333/f3d/1264/united-states-v-hasson

http://articles.sun-sentinel.com/1999-04-13/news/9904130179_1_sultan-brunei-store-manager

Another headline read: “Jack Hasson, 47, a jeweler who catered to celebrities such as golfers Jack Nicklaus and Greg Norman, was found guilty yesterday of selling cheap imitations of pricey gems in an $80 million fraud case.” http://www.golftoday.co.uk/news/yeartodate/news00/jewellryfraud.html

# # #
It appears this "Luther Jeffries" willingly assisted Hasson in laundering stolen money and cut a deal with the Feds. Hasson was sentenced to 480 months in prison (40 years). http://law.justia.com/cases/federal/appellate-courts/F3/333/1264/603067/

Is this the same "Luther Jeffries" of Martin County (Stuart) FL --next door to where Jack Hasson operated that is now CEO of PRPM?" I note that this "Mr Jeffries" apparently cooperated with authorities and "settled" the charges against him.