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A long explanation of how shorting really works....

https://www.securitieslawyer101.com/2023/what-short-selling-is-and-isnt/

Short Selling: What It Is, and What It Isn’t
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Short Selling

Short selling, the practice of betting a stock will go down, not up, has been controversial since it was invented more than 400 years ago in the Netherlands. In the early 1600s, there was only one stock in Holland, or anywhere else. It was the Dutch East India Company, or VOC (Verenigde Oostindische Compagnie). Formed on March 20, 1602, it enjoyed a 21-year monopoly on trading in Asia granted by the Dutch government. Shares in the company could be purchased by any resident of the Netherlands, and then bought and sold in outdoor secondary markets. The company was extremely powerful, possessing quasi-governmental powers, but successful trading depended on many things: well-built ships, competent captains and efficient crews, good weather, peaceful trading partners, and so on. Insurance existed at the time and offered protection, but a few real disasters could cause the VOC’s stock price to plummet.

Short selling was invented by Isaac le Maire. He’d been one of the founders of the VOC in 1602 and served as a director for three years. In 1605, he was sacked amid accusations of fraud and embezzlement. He wasn’t imprisoned but was forced to sign a non-compete agreement, pledging not to become involved with companies of any nationality that traded beyond the Cape of Good Hope or the Strait of Magellan. He was cut off from involvement in the Asia trade, the business he loved and knew best.

He tried to start a rival company in France but without success. He then took a different approach. Like a modern activist investor, he wrote a long letter to the chairman of the VOC’s board of directors, pointing out what he saw as problems that were hurting the company’s profitability. One of his biggest concerns was a lack of transparency on the part of the board. Shareholders were given only scant information about the VOC’s performance. Board members were enriching themselves at the shareholders’ expense. The directors were unmoved by Le Maire’s letter, which demanded an audit and a new charter, and formally rejected it a month later. He needed a better plan.

And he found one: in 1609, he and some associates created the Groote Compagnie (Great Company) with the intention of bringing down the VOC. Le Maire used Groote Companie, financed by himself and his partners, to commence speculation by short-selling through forward contracts. (A forward contract is a customized contract to buy or sell an asset at a specified price at a future date. It can be used for hedging or speculation.) He and his men also spread false rumors of disaster on the high seas, and, with a government bookkeeper as their collaborator, they committed fraud by altering the shareholder register.

The first bear raids were effective but did not achieve the desired results. A dividend was distributed to shareholders, but they were still unhappy because it drove the stock price down. Dutch officials banned what is today called “naked” shorting—selling stock without first obtaining a borrow—but short selling itself remained legal. Le Maire and his friends had, alas, been shorting naked, and the ban on the practice ruined them. Le Maire himself left Amsterdam and died in poverty. Activist shareholders who didn’t stoop to fraud continued to protest the VOC’s high-handed treatment of them, and in 1623, succeeded in forcing the board to consent to a new company charter.

What’s Changed in Short Selling?

A little more than 400 years have passed since Le Maire’s pioneering bear raid. During that time, short selling has almost always been legal in the major financial markets. Retail investors have sometimes objected, fearing that it harms their prospects for long-term gain, but it’s generally agreed that shorting stocks is healthy for the public markets. In a bull market, it helps burst potentially dangerous speculative bubbles; in a bear market, shorts buying to cover can stop or at least slow a strong downtrend.

In 2008, when the U.S. markets cratered frighteningly, regulators banned the short selling of financial stocks following the collapse of Lehman Brothers. Most observers thought the ban, which was always intended to be temporary, was a good idea. But by Christmas Eve 2008, Christopher Cox, then SEC Chair, had doubts. “While the actual effects of this temporary action will not be fully understood for many more months, if not years, knowing what we know now, I believe on balance the commission would not do it again,” he told a Reuters reporter. His chief concern was the damage that had been done to liquidity. It was not Cox’s fault; he’d been subjected to a great deal of pressure from the Federal Reserve and the Treasury Department.

Once the crisis was over, the Federal Reserve Bank of New York commissioned a study called “Market Declines: What Is Accomplished by Banning Short-Selling?” Its authors noted in conclusion that “A statistical exercise conducted to determine the relationship between short-selling and stock returns finds that the two variables are minimally correlated.” In 2011, when some European markets temporarily banned shorting, the Brookings Institute weighed in on the subject:

Trying to prevent stock prices from falling, the U.S. banned short selling of financial stocks in September 2008. However, the prices of these stocks continued to fall, and the ban was lifted before it was due to end.

During its short life, the ban precluded institutional investors from engaging in legitimate hedging activities in financial stocks. For example, a long-time holder of a high-dividend stock could not short it to protect against price declines while continuing to receive its dividends.

Despite these and other accounts of lessons learned, many retail investors dislike the idea of shorting. Some even say they feel it’s “un-American,” which makes no sense. But regardless of their sentiments, shorting is here to stay. Given that, it’s best to be informed.

How Does Naked Shorting Work?

Obviously, the point of a short trade is the same as the point of any trade: to make money. Naked shorting, engaged in by Isaac de Maire so long ago, is, for the most part, forbidden by the SEC here in the United States. There is one major exception. Market makers are allowed to short naked in their role as middlemen to provide liquidity.

As an example, if Party A wants to buy 1,000 shares of Stock ABCD, he will submit an order to his broker. The broker will fill the order immediately. If he doesn’t have the stock in inventory—and most market makers don’t keep much inventory on hand—he’ll short naked to fill the order. So he’ll be short 1,000 shares of ABCD. Normally, that’s all in a day’s work; usually, within seconds or minutes, another client will appear, wanting to sell some ABCD. The market maker will buy his stock and will no longer be short. He’ll execute similar transactions throughout the day. While most of them will settle quickly, some may not. Under current market regulations, settlement is fixed at “T(rade)+2 (days). Trades that still haven’t settled by then will be considered “failures to deliver” or “fails.” Market makers and brokers have differing deadlines for delivery depending on the circumstances of the failure. Most do not normally encounter delivery problems, even if they’ve shorted naked a great many times during the trading session.

How Does Shorting Stock for Retail Players Work?

How, then, does shorting work for retail players? Let’s say Party A is feeling more adventurous and decides to short XYZZ, a stock he believes will take a beating when its annual report appears in a few days. He submits an order to sell 1,000 shares short. His broker fills it, obtaining a borrow from the account of a client of the brokerage who is long XYZZ. (The stock of any client who has a margin account can be borrowed. The broker does not have to ask permission. Clients who don’t want that to happen should have cash accounts, from which no stock can be borrowed.) Party A must have adequate collateral in his account to allow for the possibility that the stock may go up. The SEC’s Regulation T requires the client to have at least 150 percent of the value of the position at the time the short is created in his account. If the stock rises enough to exceed that amount, and the client doesn’t have that much in his account, he’ll have to add cash, sell other positions, or buy to cover his short. If that does not happen, Party A is free to keep his position for as long as he likes, but he’ll find himself paying a daily stock borrow fee for the privilege. He will, of course, have sold his position as soon as it was delivered to him, but will not have use of the funds realized from the sale until the position is closed.

Shorting is extremely risky, and not as profitable as hitting that elusive 10-bagger with a long position. The greatest profit a short can enjoy from a single position is 100 percent, minus fees. But should the stock he’s chosen skyrocket rather than tank, he’ll have to absorb the entire cost. He would then be caught in a classic short squeeze, praying to find a way out before he’s driven to bankruptcy. Theoretically, at least. In real life, his broker or clearing firm will probably buy him in before that happens.

Shorts, like longs, have price targets. When XYZZ has dropped enough to reach Party A’s target, he’ll order his broker to buy to cover. That accomplished, he can use his profit as he sees fit. Retail shareholders cannot short naked because no one will allow them to do so. Occasionally, a case of genuine intentional naked shorting appears among the SEC’s enforcement actions. A recent one that’s received a good deal of attention involves Hal D. Mintz and his firm, Sabby Management LLC, which managed two private funds. Sabby mismarked tickets for short sales, saying they were long sales. By selling without borrowing stock, the firm was unable to make delivery. In addition:

The SEC’s complaint further alleges that Sabby Management and Mintz tried to conceal their fraudulent trading, including by using securities acquired after the trades to make it appear to brokers executing the trades that they had complied with the requirement to have borrowed or located the shares prior to their trades. As the complaint alleges, when questioned by at least one broker regarding their trading, Sabby Management and Mintz repeatedly lied about the trading.

In the end, Hal D. Mintz profited to the tune of about $2 million, but he’ll be giving up more than that in penalties and disgorgement.

Brokerages keep an “easy to borrow” list and a “hard to borrow” list. Both are updated daily. Not much explanation is necessary, though we’ll add that hard-to-borrow stocks are likely also to be more expensive to borrow. The most important thing anyone thinking of shorting stocks, or even anyone watching what he believes are shorts dragging down the price of “his” stock, must bear in mind is that in the markets, no one accepts risk for anyone else. You’re on your own. No one will cut you a break on your daily fees, or hold back on a buy-in just because you’re a nice person. Contrary to the beliefs of some, trading is not a team sport.

The Department of Justice Investigates Short Selling

A couple of years ago, rumors began circulating about an investigation of professional short sellers. The backstory is unusual. It seems to have begun with a young lawyer with a Ph.D. in finance called Joshua Mitts, who teaches at Columbia University. Reuters explained a bit mysteriously that “[t]he 36-year-old securities law specialist has become an increasingly influential figure in the hot debate over activist short selling since publishing a 2018 analysis of trading data that suggested some players were manipulating the market.”

According to commentary about him, Joshua Mitts spent years compiling an impressive study. It’s suggested that his focus is activist shorts, including the well-respected Carson Block of Muddy Waters and Andrew Left of Citron Research. Left has said he’s being investigated—his home has been raided—but he doesn’t know why. Supposedly, it all has to do with Mitts, his work for the DOJ, and his report, which law enforcement and the regulators supposedly liked because it makes use of such a large sample of data. In 2018, he published his analysis of 1,720 pseudonymous posts attacking publicly listed stocks on the financial website Seeking Alpha between 2010 and 2017. His study found such posts were preceded by unusual and suspicious trading through stock options, a process he called “short and distort”.

What? Seeking Alpha? Pseudonymous posts by individuals no one’s ever heard of, even as a pseudonym, who are apparently playing options? What has any of that got to do with well-known figures like Block and Left? We might as well be talking about the meme stock APES who make daily videos about things of which they know nothing and, seeking immortality, post them to YouTube. Does Joshua Mitts have any idea that there’s a big difference between responsible professionals who do meticulous and time-consuming research and risk large amounts of their own money and the owners of a handful of options contracts pumping their picks anonymously at Seeking Alpha?

The short sale study itself is quite long and contains a good deal of math. Equations representing… something statistical. But what is the point? Pages and pages are dedicated to the question of why the authors of what are probably no better than reverse pumps choose not to use their names. The answer is simple: because that’s what people do on the internet. They use aliases. Mitts doesn’t seem to grasp that. He calls the study “Short and Distort.” He must have run across the term at Seeking Alpha. To set the record straight, it was invented in the early 2000s by a penny stock promoter called Gary Swancey, who posted on several websites as “Georgia Bard.” He was a nice man, but his mission was pumping. He died young in 2004.

Mitts believes these Seeking Alpha contributors are manipulating stocks through their options trading. Why, then, is the DOJ going after people like Left and Block?

In February 2022, Carson Block wrote a blistering response to Mitts’s paper, calling it Distorting the Shorts – A Refutation of Joshua Mitts’ “Short and Distort.” He begins with an objection to what he sees as Joshua Mitts’s conflicts of interest—he works with CEOs who believe their companies have been the victims of abusive shorting, and charges $900 an hour—and moves on to a critique of his methodology:

In other words, Joshua Mitts claims to have studied short sellers, but in fact studied almost entirely something else. He chooses a market cap cutoff that produces a “V” pattern. Mitts misattributes the “V” to report authors (let alone short sellers) when it is clearly driven by earnings announcements. He then trumpets $20.1 billion of mispricing (that doesn’t exist) as showing the significant damage that short sellers are supposedly doing when – forgetting all of the other problems with his analysis – this number is a drop in the ocean of his data. However, the problems with his research extend beyond just these.

That is the relatively nice part of Distorting the Shorts. He goes on to discuss a lawsuit Joshua Mitts lost badly in the U.K. and adds scathingly:

Despite Joshua Mitts not having actually studied short selling, in 2020, Mitts’ research was used as the basis for a petition to the SEC to enact rules on activist short selling that we believe would significantly curtail the industry. In 2021, numerous short sellers were served with search warrants and subpoenas in what appears to be a wide-ranging Securities and Exchange Commission and Department of Justice investigation into activist short selling. On February 7, 2022, the recently departed former chairman of the SEC, Jay Clayton, explained in a CNBC interview that this investigation “would be looking at as a regulator. First of all, there’s ‘short and distort.’” Businesses and lives are being turned upside down by this investigation, which is seemingly catalyzed by Mitts’ misrepresented, error-filled research. The ultimate casualty of a misguided investigation will be market accountability and investor protection.

The rest of the paper is equally brutal, and very much worth reading. Not only has Joshua Mitts consulted for clients convinced they’ve been victimized, but he’s also consulted for the Department of Justice. We do not understand why the Feds decided a person without any practical experience of the subject on which he claims to be an expert should be their new authority on short selling. Block concludes:

Mitts’ “Short and Distort” (2020) is a non-empirical, conflict-laden polemic based on misrepresentation, selective presentation of data, and lack of academic integrity. Its conclusion that pseudonymous activist short sellers manipulate mid- and large-cap stocks is contradicted by Mitts’ own data. If Mitts had written a short report on a company with comparable lack of rigor and misrepresentation, he would likely have significant legal exposure.

Has the Wind Shifted for Short Sellers?

If Mitts has offered a written response to Block, we haven’t found it. But Block did agree to debate Robert Jackson, a former SEC Commissioner, in July 2022. The subject was Mitts’s study. And at the same conference at the UC Berkeley Law School, Mitts did agree to be interviewed by Frank Partnoy, the professor who’d organized the conference and hoped originally to moderate a debate between Block and Mitts. The interview focused on Block’s white paper.

As the conference took place, Justin Weitz, the DOJ attorney in charge of the short-selling case, resigned. It now seems that over the past two years, Mitts’s popularity has faded, and his influence waned. Only 10 days ago, on December 11, 2023, Institutional Investor ventured another article about him, and the tone had changed. Mitts had written a new report, this one about how shorts in Israel had supposedly profited from the war with Hamas because they’d known it was going to happen. That idea was quickly—and, for Mitts, embarrassingly—debunked:

The report was “inaccurate and divorced from reality,” Yaniv Pigot, the executive v.p. of trading on the Tel Aviv Stock Exchange, told Israel’s Globes news outlet last week.

The problem, according to Pigot, is that the research assumed that shares in Bank Leumi were quoted in shekels instead of agorots (1 shekel is worth 100 agorots). That means short sellers earned $8.6 million, not $865 million.

The report was co-authored by Robert Jackson, the former SEC Commissioner who’d debated Carson Block in Berkeley.

Block also took the occasion to go after the short sellers’ nemesis, telling Institutional Investor in an email that the report is another example of how Mitts “chooses his narrative first. Next, he backfills by cherry-picking data, drawing unsupported — and often outright illogical — conclusions, which he then camouflages with a bunch of finance and math mumbo jumbo that his legal academy peers can’t see through.”

Two years after the DOJ investigation became public, no charges have been filed. The two top prosecutors have left the agency. Back in May, Avi Perry, head of the DOJ’s market integrity team, promised action on the case “in the next two months.”

There are signs the SEC does not share the DOJ’s deep suspicions about the activist short sellers. For the past five or six years, Nate Anderson’s Hindenburg Research has been producing research reports that have almost always proved deadly accurate. We don’t know if they’ve been questioned about the DOJ probe, but the SEC seems to approve of their work and finds it useful.

On June 6, 2023, Hindenburg announced it had taken a short position in Tingo Group, a Nasdaq-listed issuer. The accompanying research report revealed Tingo to be a sham company selling nonexistent products to nonexistent people, and making literally unbelievable claims in its financial reports. The report is long and well worth reading. It closes with:

Tingo is a word in the Pascuense language of Easter Island meaning, “to borrow objects from a friend’s house, one by one, until there’s nothing left.” For a company that did an otherwise terrible job trying to pretend to be a real business, it landed on an absolutely perfect name. We expect Tingo will not be long for this world—another cautionary tale.

Anderson was correct. Tingo quickly replied, nonsensically denying Hindenburg’s criticisms. Hindenburg responded at the end of August.

The SEC was following along. On November 13, it suspended trading in Tingo Group (TIO), the Nasdaq company, and in Tingo, Inc. (TMNA), an OTC issuer. The latter is also known as Agri-Fintech Holdings, Inc. The Commission wasn’t finished: a little more than a month later, on December 18, it sued both companies and Mmobuosi (Dozy) Odogwu Banye, their CEO. It also applied for and was granted a freeze on the companies’ and Mmobuosi’s assets. In the complaint, it’s noted that:

The scope of the fraud is staggering. Since 2019, Defendants have booked billions of dollars’ worth of fictitious transactions through two Nigerian subsidiary companies Mmobuosi founded and controls, reporting hundreds of millions of dollars of non-existent revenues and assets. For example, Tingo Group’s FY 2022 Form 10-K filed in March 2023 reported a cash and cash equivalent balance of $461.7 million residing in Tingo Mobile’s Nigerian bank accounts. Authentic bank records for the same accounts, however, show a balance of less than $50 for that period.

The complaint mentions Hindenburg’s work, calling the activist “Analyst A.” The attorneys also indicate that they opened their own investigation in early June. That was when Anderson published his first report. Clearly, the SEC found Anderson’s work helpful in their own investigation of the Tingo scam, and appears to harbor no suspicions about his intentions. We wonder if we’ll be hearing no more, or at least very little, about Mitts’s theories concerning Seeking Alpha posters.

One question remains. The suspensions of TIO and TMNA ended one minute before midnight on November 28. TMNA was moved to the Grey Market. TIO was immediately halted by the Nasdaq; the halt continues with no end in sight. What of the shorts in this situation? Something similar occurred in early May 2015 with Riviera Tool Company (RIVT). RIVT was an abandoned shell company. The company that had once inhabited the public shell had been spun off as a private entity some years earlier. And in 2015, that private company had been acquired by Tesla. Quite a few people jumped to the wrong conclusions and began to load the boat. An article appeared in an online publication, foolishly confirming the public shell company’s mistaken identity. Some people shorted. It was a sure thing.

Only 20 minutes before the close, FINRA imposed a U3 halt, used in situations that raise concerns about settlement or clearance. It was expected that the halt would continue for at least four days, so that RIVT would lose compliance with Rule 15c2-11 and be delisted to the OTC Markets Grey Market. But it seemed that FINRA had completely forgotten about it. It wasn’t until the first week of December that the halt was lifted.

That was unfortunate for everyone with a position in the stock. Longs lost whatever their stake had once been worth, but that had happened long before. Short sellers, however, had to continue to pay their daily stock borrow fees. Eventually, some who were active on message boards arranged with each other to ask their brokers to do wash trades for them, wiping out their positions.

We hope Tingo short sellers who didn’t cover before the suspension won’t be trapped forever, but will find a way to exit their positions. No trader should lose money for being right.



To speak with a Securities Attorney, please contact Brenda Hamilton at 200 E Palmetto Rd, Suite 103, Boca Raton, Florida, [phone], or by email at [e-mail]. This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as and does not constitute legal advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.

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SEC Adopts Amendments to Enhance Retail Investor Protections and Modernize the Rule Governing Quotations for Over-the-Counter Securities
FOR IMMEDIATE RELEASE
2020-212

Washington D.C., Sept. 16, 2020 —
The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure. The amendments are designed to modernize the rule, which was last substantively amended nearly thirty years ago, including to recognize advances in communications technologies. The amended rule enhances disclosure and investor protection in the OTC market by ensuring that broker-dealers, in their role as professional gatekeepers to this market, do not publish quotations for an issuer’s security when current issuer information is not publicly available, subject to certain exceptions.

“These retail investor-focused improvements to Rule 15c2-11 are long overdue,” said SEC Chairman Jay Clayton. “The technological advancements that have taken place since the rule was last amended enable us to require that information in the OTC market be more timely, enabling investors to make better informed investment decisions, and reducing fraud in these markets where retail presence is significant and, unfortunately, pump-and-dump and other frauds are too common.”

“The amended rule represents another important step in our tireless and proactive efforts to protect retail investors from being victimized by microcap fraud,” said Stephanie Avakian, Director of the Division of Enforcement.

Brett Redfearn, Director of the Division of Trading and Markets, said that “the amendments strike the right balance between promoting critically important investor protections while at the same time providing new exceptions that should make it easier for certain securities to develop a quoted market.”

Securities that trade on the OTC market are primarily owned by retail investors. Because broker-dealers play an integral role in facilitating access to OTC securities and serve an important gatekeeper function, Rule 15c2-11 requires broker-dealers to review key, basic issuer information before initiating or resuming quotations for the issuer’s security in the OTC market.

Prior to today’s amendments, certain of the rule’s previous exceptions permitted broker-dealers to maintain a quoted market for an issuer’s security in perpetuity, in the absence of current and publicly available information about the issuer, and even when the issuer no longer exists. Recognizing the ease with which information sharing takes place today, the amendments generally prohibit broker-dealers from publishing quotations for an issuer’s security when issuer information is not current and publicly available, subject to certain exceptions. Investors who have access to current and publicly available issuer information are better equipped to make informed decisions about how to allocate their capital and to counteract misinformation that can proliferate through promotions and other channels.

The amendments also are designed to enhance the efficiency of the OTC market and facilitate capital formation for issuers for which information is current and publicly available. Specifically, the amendments add new exceptions for certain OTC securities that may be less susceptible to fraud or manipulation, such as actively traded securities of well-capitalized issuers, and expand the scope of market participants that may comply with the rule’s required review of issuer information.

* * *

FACT SHEET

Publication or Submission of Quotations Without Specified Information

Amendments

Rule 15c2-11 (the "Rule") governs the publication or submission of quotations by broker-dealers in a quotation medium other than a national securities exchange. Before a broker-dealer may initiate or resume quotations for a security in a quotation medium, the broker-dealer must review key, basic information about the issuer of the security. The Rule allows any qualified interdealer quotation system (“qualified IDQS”) to conduct the required information review as well.

The amendments are designed to modernize the Rule to (1) provide greater transparency to investors and other market participants by requiring that information about the issuer and its security be current and publicly available before a broker-dealer can begin quoting that security; (2) limit broker-dealers’ reliance on certain of the Rule’s exceptions when issuer information is not current and publicly available; and (3) provide exceptions to reduce unnecessary burdens on broker-dealers to quote certain OTC securities that may be less susceptible to fraud and manipulation.

The amendments facilitate transparency of OTC issuer information by:

Requiring to be current and publicly available certain specified documents and information regarding OTC issuers that a broker-dealer or qualified IDQS must obtain and review for the broker-dealer to commence a quoted market in an OTC issuer’s security (“information review requirement”);
Updating the “piggyback” exception, which allows broker-dealers to rely on the quotations of another broker-dealer that initially complied with the information review requirement, to require, among other things, that issuer information, depending on the issuer’s regulatory status, be current and publicly available, timely filed, or filed within 180 calendar days from a specified period; and
Requiring that issuer information be current and publicly available for a broker-dealer to rely on the unsolicited quotation exception to publish quotations on behalf of company insiders and affiliates of the issuer.
The amendments provide greater investor protections when broker-dealers rely on the piggyback exception by:

Requiring at least a one-way priced quotation;
Prohibiting reliance on the exception during the first 60 calendar days following the termination of a Commission trading suspension under Section 12(k) of the Exchange Act; and
Providing a time-limited window of 18 months during which broker-dealers may quote the securities of “shell companies.”
The amendments reduce unnecessary burdens on broker-dealers by:

Allowing broker-dealers to initiate a quoted market for a security if a qualified IDQS complies with the information review requirement and makes a publicly available determination of such compliance; and
Providing new exceptions, without undermining the Rule’s important investor protections, for broker-dealers to:
Quote actively traded securities of well-capitalized issuers;
Quote securities issued in an underwritten offering if the broker-dealer is named as an underwriter in the registration statement or offering statement for the underwritten offering, and the broker-dealer that is the named underwriter quotes the security; and
Rely on certain third-party publicly available determinations that the requirements of certain exceptions are met.
The amendments also streamline and remove outdated provisions from the Rule. The Commission is also issuing guidance that provides basic principles and examples of red flags to facilitate compliance with the information review requirement.

What’s Next?

The Rule will become effective 60 days following publication of the amendments in the Federal Register. The Rule will have a general compliance date that is nine months after the effective date as well as a compliance date that is two years after the effective date regarding provisions to require an issuer’s financial information for the last two fiscal years to be current and publicly available.

###

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Paid pump and dumpers.....

Social media stock influencers accused of $114M 'pump and dump' scheme
Prosecutors claim they took advantage of their followers with "misleading" tips.

ByLuke Barr
December 14, 2022, 3:56 PM
1:28
National headlines from ABC News

"We're going to keep growing and making a lot of money," social media influencer Zack Morris said during a Dec. 11 recording on Twitter.

"I never dump on my followers...." he tweeted in February.

Morris, whose real name is Edward Constantinescu, might not be making so much money anymore. The Justice Department announced on Wednesday that it had charged him and seven other men with what's known as a "pump and dump" scheme that made more than $114 million collectively.

The eight suspects have pleaded not guilty, according to the court docket.

Lawyers who could comment for them were not listed on the docket as of Wednesday.

The Justice Department alleges that Constantinescu along with Perry "PJ" Matlock, 38, of The Woodlands, Texas; John Rybarczyk, 32, of Spring, Texas; Gary Deel, 28, of Beverly Hills, California; Stefan Hrvatin, 35, of Miami; Tom Cooperman, 34, of Beverly Hills, California; Mitchell Hennessey, 23, of Hoboken, New Jersey; and, Dan Knight, 23, of Houston engaged in a scheme to "pump and dump" securities based on "false" and "misleading" information and lies about their investments to their social media followers.

They are each charged with conspiracy to commit securities fraud.

Constantinescu is also accused of engaging in monetary transactions in property derived from specified unlawful activity and three counts of securities fraud. Cooperman, Deel, Hennessey, Hrvatin, Matlock and Rybarczyk are each charged with multiple counts of securities fraud.

PHOTO: FILE - Federal Bureau Of Investigation emblem is seen on the headquarters building in Washington D.C., Oct. 20, 2022.
Federal Bureau Of Investigation emblem is seen on the headquarters building in Washington D.C., Oct. 20, 2022.
NurPhoto via Getty Images, FILE
Federal prosecutors said in a news release that the eight suspects are accused of using their online followings to spread "false, positive information" about securities they purchased, such as their "view that the security would increase in price, and the price the security could reach—to induce other investors to buy the security and artificially drive up its price."

The men would also post "misleading" messages including about holding onto a security longer than they were going to and that they did "due diligence" on the security, the Justice Department alleged.


The defendants collectively had 1.5 million followers on Twitter, including Constantinescu, who has more than 500,000 followers.

The men then allegedly "secretly sold their own shares of the security at a higher price to secure a profit for themselves, at or around the time they posted messages to induce other investors to purchase the same security and concealed their intent to sell," the indictment, in the Southern District of Texas, states.

"These messages were false and misleading, and omitted material information, because the defendants concealed their intent to use these messages to induce other investors to purchase the securities so that defendants could sell their shares at a higher price at and around the time of the messages," the indictment claims.

The Securities and Exchange Commission has also filed an injunction alleging the same as the Justice Department but not holding the men criminally accountable.

Constantinescu, according to court documents, is suspected of using his "pump and dump" money to buy various luxury cars and previously joked about the SEC on his Twitter account.

According to prosecutors, the men also had a chat channel on the platform Discord which claimed to be a free stock tip group, but which they used to further engage in their scheme. In private messages, however, they outlined their deceit, the Justice Department said.

"We're robbing f------ idiots of their money," Daniel Knight allegedly said in a private chat with the other suspects.

"Securities fraud victimizes innocent investors and undermines the integrity of our public markets," Assistant Attorney General Kenneth A. Polite Jr., of the Justice Department's criminal division, said in a statement. "As these charges demonstrate, the department will continue to prosecute those who defraud investors by spreading false and misleading information, including over social media, to line their own pockets."

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Can't even believe CMKX stuff still going on! Town Hall Meeting???

https://www.justice.gov/usao-nv/victim-witness-assistance/us-v-john-edwards-et-al-cmkm

[fung_derf]

Oh geez!! I'd pay to read some of these claims!!! Hopefully, Buffalo Bill and the Pope will be named.

The questionnaire solicits information pertaining to this case for purposes of enabling prosecutors to confer with and receive information and opinions from victims of the CMKM scheme. Please note that while the completed questionnaires will not be publicly accessible, relevant information may be disclosed to the court and/or defense counsel in accordance with the Federal Rules of Criminal Procedure and other laws.

[fung_derf]

OK, so which nutjob Xer was David Anderson?

[fung_derf]

https://www.justice.gov/usao-nv/victim-witness-assistance/us-v-john-edwards-et-al-cmkm

District of Nevada
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U.S. Attorneys » District of Nevada » Programs » Victim Witness Assistance
United States v. Brian Dvorak, et al (CMKM)
Case number: 2:09-CR-00132-RLH-RJJ

November 15, 2022: The U.S. Attorney's Office will host a virtual town hall for victims and shareholders in this case on December 19, 2022, at 10:00 am PT.
The link for registration will be posted soon.
January 3, 2022: Criminal charges in the case which involves defendant(s): Nickolaj Vissokovsky were dismissed on December 29, 2021. Since the charges have been dismissed, there are no longer any bail restrictions on the defendant's release.
Please accept our apologies for any inconvenience due to the delayed update, and please know that your case is a priority for the dedicated staff professionals and AUSAs in our office.?
Defendants
Jeffrey Turino, Melissa Spooner, Ginger Gutierrez, James Kinney and Jeffrey Mitchell

U.S. District Court - Las Vegas, NV
Please be aware that the criminal prosecution in the District of Nevada (United States v. John Edwards, et al., 2:09-CR-00132-RLH-RJJ) is separate from and unrelated to a civil suit in the Central District of California that has now been dismissed (David Anderson, et al., v. Christopher Cox, et al., 8:10-CV-00031-JVS-MLG). In Anderson, the plaintiffs alleged that the SEC and other agencies of the U.S. Government conducted a sting operation against "illegitimate brokers, dealers, market makers, hedge funds, and other persons and entities that had engaged in naked short selling of CMKM Diamonds Inc. Stock." Essentially, the Anderson case involved allegations against an entire industry.

In contrast, the superseding criminal indictment in the Edwards case charged a more clearly defined group of defendants: specific insiders who engaged in fraud through shell companies. Specifically, between approximately May 1997 and April 2008, the defendants used various shell companies – including Pinnacle Business Management, Inc. (May 1997 to December 2003); CMKM Diamonds, Inc. (November 2002 to October 2005); St. George Metals, Inc. (July 2004 to July 2005); and Global Diamond Exchange, Inc. (November 2005 to April 2008) – to defraud purchasers of stock in those companies. The defendants secretly authorized increases in the number of available shares and falsely represented or hid the true number of shares from investors. At the same time, the conspirators issued billions of shares to themselves through affiliates. By falsely claiming that these shares had not been issued to company affiliates, the conspirators were able to sell these shares without restrictions imposed by law. By issuing false and misleading press releases regarding the companies’ business activities, the defendants were able to drive up demand for the companies’ stock while selling their shares at a profit.

Court Documents
Second Superseding Indictment Link to PDF
On March 24, 2010, the grand jury returned a sealed Second Superseding Indictment which added the following defendants: Jeffrey Turino, Nickolaj Vissokovsky and Jeffrey Mitchell. In addition, several new charges were added, alleging that certain defendants engaged in a conspiracy to conduct an enterprise engaged in a pattern of racketeering activity, a conspiracy to sell unregistered securities and to commit securities fraud and a conspiracy to commit money laundering. On May 6, 2010, the Second Superseding Indictment was unsealed.

Superseding Indictment Link to PDF
The superseding indictment in United States v. Edwards, et al., alleges as follows: the defendants combined and conspired to perpetrate a fraud involving the issuance and sale of CMKM stock over a period of several years. Hundreds of billions of shares of CMKM stock were sold to thousands of investors during that span. Investors in CMKM are invited (but not required) to complete the following questionnaire. The questionnaire solicits information pertaining to this case for purposes of enabling prosecutors to confer with and receive information and opinions from victims of the CMKM scheme. Please note that while the completed questionnaires will not be publicly accessible, relevant information may be disclosed to the court and/or defense counsel in accordance with the Federal Rules of Criminal Procedure and other laws.

Other Documents
Information and Assistance for Federal Crime Victims and Witnesses Brochure Link to PDF
Restitution Information Link to PDF
Press Release
Press Release Link to PDF

[fung_derf]

testimony by surfit…

6 A Oh, my past, before I turned my life over to God
7 and got married, was very, very criminally oriented. I had a
8 number of arrests. As you see -- you'll pull up my sheet and
9 you'll see that about eight, nine years ago back on, there
10 were a lot of criminal arrests because I was a drug addict at
11 that point in time until, as I say, I turned my life over to
12 God and got married. So you'll see a lot of arrests.

4 A I used to be a crack addict for many years. And
5 crack used to predominate my life and drive my life and my
6 actions until I decided that -- or I asked for help, and God
7 said, you don't have to be like this. You can change.
8 Q And how long have you been free from that?
9 A Oh, shoot. About eight, nine years.
10 Q Okay. And so the entire time that you were
11 involved with Mr. Turino and Mr. Edwards of the events that
12 we're talking about today --
13 A Uh-huh.
14 Q -- you were not involved with drugs in any way?
15 A No. And it's a total misconception on their part
16 because they try to represent me on the Internet as a cocaine
17 addict and a crack addict, a loose canon and things like
18 that. But, you know, we can get into that later. It's to
19 their advantage to do that because therefore they discredit
20 what I say out there, and what I say out there is pretty
21 heavy in the truth. And they don't want that known.

[fung_derf]

From Misty May's book about surfit…


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150008764

[fung_derf]

Hans Brost

Proof Hans Brost is a FAGI insider

https://www.godaddy.com/whois/results.aspx?domain=fullalliance.com

fullalliance.com whois information

WHOIS search results
Domain Name: fullalliance.com
Registry Domain ID: 2152754656_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2017-08-12T00:35:45Z
Creation Date: 2017-08-12T00:35:45Z
Registrar Registration Expiration Date: 2018-08-12T00:35:45Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: [e-mail]
Registrar Abuse Contact Phone: [phone]
Domain Status: ok http://www.icann.org/epp#ok
Registry Registrant ID: Not Available From Registry
Registrant Name: Hans Brost
Registrant Organization:
Registrant Street: 1717 E Vista Chino A7 584
Registrant City: Palm Springs
Registrant State/Province: California
Registrant Postal Code: 92262
Registrant Country: US
Registrant Phone: [phone]
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: [e-mail]
Registry Admin ID: Not Available From Registry
Admin Name: Hans Brost
Admin Organization:
Admin Street: 1717 E Vista Chino A7 584
Admin City: Palm Springs
Admin State/Province: California
Admin Postal Code: 92262
Admin Country: US
Admin Phone: [phone]
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: [e-mail]
Registry Tech ID: Not Available From Registry
Tech Name: Hans Brost
Tech Organization:
Tech Street: 1717 E Vista Chino A7 584
Tech City: Palm Springs
Tech State/Province: California
Tech Postal Code: 92262
Tech Country: US
Tech Phone: [phone]
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: [e-mail]
Name Server: NS1.MEDIATEMPLE.NET
Name Server: NS2.MEDIATEMPLE.NET
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2018-07-22T00:00:00Z <<<

[fung_derf]

Chairman of the Board Kevin West
Addresses Shareholders
January 30, 2009


Good morning shareholders of CMKM Diamonds, Inc.,

I have lain awake a good portion of the night, as I do many nights, trying to figure out how to unite this group of wonderful people, our shareholders, for a common cause. This is not an easy task, and most would think it a complete impossibility. However, if you would please lend me an UNBIASED ear for just a few minutes I would like to try and explain the ultimate benefit that such a unity would bring to you.

First off let me start by apologizing to every one of you. Like every other human being in this wonderful world, I have my strengths, my weaknesses, my potentials, and my faults. It comes as no surprise to anyone of you that I had absolutely no experiences in this life that could have ever prepared me to face the problems that this Company has had to endure since it was handed down to me. I don’t think that anyone could be 100% prepared for the mess that was handed down from former insiders, but that is beside the point. The one thing that I have failed at is in finding a way to unite the shareholders for their common cause and I aim to continue to help Mark to accomplish this task.

Secondly let me address each and every one of the shareholders on an individual basis for a moment. As you are hearing this live or later on an mp3, allow yourself to be alone with your personal thoughts and feelings and leave the opinions of others out of the picture for at least one full day. Many of you are caught up with the opinions of others and are disconnected from your inner intuition that is desperately trying to tell you to stop, look, and listen. As an individual you know that you bought into the stock play many years ago because you believed that it would give you enough money to live a better life, allow future generations of your family to not have to worry about money, and in some cases, to help others and other common causes. These are all honorable reasons to believe in something.

However, each one of you will sooner or later have to come to the realization that you were scammed by the former insiders of this Company and that there is not and never was anything that was done for the BENEFIT of the shareholders. Take some time away from the boards, the chat rooms and from talking to people around you about CMKM. Take one week away if needed and open your mind and your heart to the factual information from court documents and proceedings that surrounds you and are available on the Company website and from legal web sites Please take a moment and address in your minds what others are telling you as fact and then look for evidence to back it up…there is none. When anyone says to you that they know something for a fact because they know someone that knows someone, you should know right away THAT IS NOT FACTUAL INFORMATION. When someone tells you that Bill Frizzell, Mark Faulk, or Kevin West told me something that they are not publicly coming out and telling all shareholders, that person is not telling you the truth. Now, how much of the noise that you are hearing is exactly this kind of proof? I believe that if you are totally honest with yourself you will come to realize that 100% of what people outside the Company are telling you is based on this type of what THEY call proof. All I ask is for you to take an honest look inside and without anyone’s opinion but your own. We all want the dream of a million millionaires to be true, but it was part of the hype that made the scam work. It is not true and never was true….. it was a scam!

Third, I would like to personally address Urban Casavant for a moment:

Mr. Casavant, I know that you will eventually hear these words as they are read on the radio today. At one time Urban, I too was a dreamer who hinged my hopes on your every word. I believed in you and trusted you so much that I, like many other shareholders, brought my parents, in-laws, brothers, children, and even my son’s in-laws into your scam. I do not claim to know your intentions the day you started this Company, but I do know for a fact (facts that are via subpoenaed evidence submitted into court) that you didn’t hesitate for one day to start spending shareholder money the instant it came in. In fact, you personally spent tens of millions of dollars of shareholder money in casinos and on personal indulgences all the while you were visiting children in hospitals, calling dying shareholder' parents in the hospital, shaking shareholders' hands at races and looking at their children and telling them you are doing this for their benefit. You know in your own heart that you did all of this without any consciousness as to what you were doing to these fellow human beings for the sake of your own greed.

Ohhh, you were not alone, you recruited many other scammers to help you launder and funnel money from stock that you had issued for no other cause than to resell that stock for your and John Edwards' own personal gain. You even issued 63 billion shares to a dead man that was your personal friend, a full year after his death. Worse yet, you recruited tens of thousands of shareholders to be your own walking billboards to bring more unsuspecting people into your scam… I was one of them and I even helped organize demonstrations in Washington and New York with other shareholders and we were all so naive to your scam that we protested while wearing t-shirts that said “Urban’s Warriors”! I cannot believe that I was so blinded from the truth. But, like many other shareholders, I have come full circle and now understand the truth. As you are hearing these words, you know they are true, Urban. You can continue to deny it to everyone else, but you know the truth and it is haunting you every sxingle moment.

Even after stealing tens of millions of dollars from these shareholders and doing it all right in their faces... the very worst crimes you have committed are the ones you are still perpetrating to this very day. You are still leading shareholders down a path of untruths for what you think is of personal benefit to you. One day soon you know you will stand before a Federal Judge. Federal Judges have gotten to be Federal Judges because they are very smart and have learned from years of experience to see right through

the lies and directly to the truth. I can only imagine that you continue to tell people lies of the trillions of dollars waiting for them in some unseen fund because you believe that you will have hundreds of shareholders standing before that Federal

sentencing judge on your day of reckoning to sing your praises. I ultimately believe that this will be your final undoing, and that the judge will instead see though to the facts that after you committed these horrendous crimes of stealing millions of dollars from these shareholders, you continued to use them for your own benefit without any consciousness as to what you are doing to them and their families.

Urban, I believe that there is only one way you will get sympathy from the judge, and that will be to step up to the plate like a man right now and tell these shareholders the truth and ask for their forgiveness. If not, I sincerely hope that the federal sentencing judge will have this mp3 played for him at your sentencing and knows that you have been given every last chance to come clean with these people and help them turn their lives around and face the truth.

Lastly, I would like to address the shareholder base as a whole:

For years now I have believed that a unified shareholder base of a group this large could make the impossible happen. We have not ever had a chance to witness any of these miracles because the shareholder base has never been fully unified. If we could reach out to our officials in a credible and unified way, we just may be able to start making our story heard at higher levels… but it HAS to be CREDIBLE and UNIFIED! As it stands right now, the shareholders are not only fighting amongst themselves but several groups are even fighting against management. Unless things change, shareholders are going to be their own worst enemy and will never accomplish anything. This division is playing right into the hands of anyone that does not want to see this Company continue. You have people posing right now as fellow shareholders that are your friends, but they are only here for one thing: they are here to cause division and the ultimate failure of this Company. Others are only here to enlarge their own egos, some in the face of the truth and some actually believing the lies they continue to spread. If you are one that is against the Company management right now, please take a moment an honestly ask yourself this: do you really believe that current management would do anything morally or even legally wrong to cause further damage to innocent shareholders with 50,000 shareholders, the SEC, Department of Treasury, DOJ, FBI, FINRA and only God knows who else looking over our shoulders? I mean seriously… think about it! Would you?

Mark is giving you 100% by attempting to unite our shareholder base into a front that is so strong that our voices will have to be heard. He cannot do this if he is having to be defensive to shareholders and he cannot do this if you will not come together as a whole. People with nefarious intentions know this basic rule and they have used it for hundreds of years to control the masses. How about the CMKM shareholders become the first large group to band together as a whole, as a “We the People” and take our case public and before the nation to be heard? We all want the same thing, we want justice! We also want a return on our investments… But we have to get justice first while our very capable and determined legal counsel, Bill Frizzell, continues to put the Company in position to recover enough assets that we can bring in the professional people needed to build a real business and find a way to put viably tradable securities back into the hands of shareholders. What about that for a plan!!??

Thank you for taking the time to listen…please do yourselves, your families and your fellow shareholders a favor and take time to just stop, look and listen. If you are brutally honest with yourself, you will see that the Company is being 100% truthful with you and that we are desperately trying to turn this thing around for your benefit. You can rest assured that after this has been read, the noise level will further increase as to the evilness that management is doing to the shareholders… This will be your clue that what I am telling you is the absolute truth. Those bringing the most noise are the ones that you need to take the closest look at.

God Bless all of you,

Kevin

[fung_derf]

Daryl Anderson, One of the brokers for Nevwest who helped dump stock.....

9/14/09 Stockwatch: SEC Daryl Anderson Scalping Suit

www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1643056&symbol=*SEC&news_region=C

SEC files scalping suit against NevWest ex Anderson

2009-09-14 14:44 ET - Street Wire

Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission

by Mike Caswell

The U.S. Securities and Exchange Commission has filed a scalping lawsuit against Daryl Anderson, 41, a former broker from Nevada. The SEC claims that Mr. Anderson recommended that customers buy a pink sheets company, Cloudtech Sensors Inc., at the same time as he was selling it. He allegedly made $930,000 in illicit profits from the scheme. (All figures are in U.S. dollars.)

Mr. Anderson is better known to Stockwatch readers as one of 14 defendants in the SEC's case against CMKM Diamonds Inc., a pink sheets promotion that allegedly defrauded investors of $64.2-million. That suit, filed on April 7, 2008, in the District of Nevada, claimed that Saskatchewan resident Urban Casavant and others dumped hundreds of billions of CMKM shares. They allegedly received the shares after Nevada lawyer Brian Dvorak authored fraudulent opinion letters.

One of the brokerages that served the CMKM defendants was Mr. Anderson's former employer, NevWest Securities Corp. The SEC said that Mr. Anderson, while employed at NevWest, helped CMKM shareholder John Edwards dump 259.9 billion shares. The activity generated $2.3-million in commissions for Mr. Anderson, according to the complaint.

On June 23, 2009, the SEC won penalties totalling $4.7-million against Mr. Anderson for his role in the CMKM scheme. The fine was one of the smaller ones in the case -- the regulator won judgments totalling $65.6-million against Mr. Casavant and $54.9-million against Mr. Edwards on Sept. 2, 2009.

SEC's Cloudtech complaint

The SEC filed its current complaint against Mr. Anderson on Sept. 10, 2009, in the District of Nevada. In it, the regulator alleges that he ran a scalping scheme between June, 2007, and January, 2008 (about two years after the CMKM scheme, which ended in May, 2005). The SEC says the victims were his former brokerage clients, who had been his loyal customers during his 14 years as an investment adviser.

When his brokerage career ended in March, 2007, Mr. Anderson started working independently, recommending stocks to investors and trading their accounts for them, the complaint states. His customers viewed him as an adviser and a friend, and they trusted and followed his advice, the SEC says. He provided the investors will full service, even opening their trading accounts for them at a brokerage of his choosing. The complaint alleges that he entered their personal information on-line and held their account numbers and passwords.

Mr. Anderson started pitching Cloudtech to these investors in June, 2007, when the stock traded at 95 cents per share, the complaint states. He told them it was an up-and-coming company, and investors could double or triple their money quickly.

On the first day of the scheme, Mr. Anderson allegedly had his clients purchase 70,000 shares at prices that escalated from 95 cents to $1.75 per share. In some cases, he instructed his customers to place orders, and in others he used his control over their accounts to directly place the orders. This buying accounted for 44 per cent of the volume that day. At the same time, Mr. Anderson secretly placed sell orders in his personal account, the SEC says. His sell orders were significantly above the market, at prices between $1.50 and $2. As the stock moved up, he sold 20,000 shares, the complaint states.

The SEC says the scheme continued in similar fashion through to Jan. 4, 2008. During this time, Mr. Anderson's clients paid a total of $3,064,751 for 1,046,715 Cloudtech shares, representing 33 per cent of the trading volume during that period. The stock rose to a high of $4.35 per share.

The scheme came to an end on Jan. 4, 2008, when the SEC halted the company, because it had not filed any financials since Dec. 31, 2000. The stock deregistered in March, 2008, allegedly leaving Mr. Anderson's clients holding worthless shares.

The SEC is asking for appropriate civil penalties and an order requiring Mr. Anderson to disgorge the amount of money he obtained as a result of the scheme, plus interest. The complaint also seeks an order barring future violations of the U.S. Securities Act.

Mr. Anderson, without admitting any wrongdoing, has settled the case without a hearing. He has agreed to disgorge his ill-gotten gains of $930,000, and to pay a civil penalty to be determined by the court. He has also agreed to an injunction barring future violations.

[fung_derf]

Urban and guests

https://investorshub.advfn.com/uimage/uploads/2019/2/10/kmdnrDSC_0106.JPG

[fung_derf]

CMKM defendant Edwards dies in custody

Stockwatch Daily16 May 2018By Mike Caswell
JOHN EDWARDS, one of those accused of masterminding the massive CMKM Diamonds Inc. fraud, has died in custody. Nevada prosecutors informed the judge of his death at a status conference on Monday, May 14. Mr. Edwards, 75, had be en in poor health for many years, suffering from dementia and more recently having seizures.
With the death of Mr. Edwards, the long-delayed trial in the CMKM case will have to proceed without any of the main defendants. The other person accused of masterminding the CMKM scheme was Saskatchewan’s Urban Casavant. He died on Feb. 14, 2014, in Saskatchewan after a routine procedure to treat a hernia. Another defendant, Jeffrey Turino, pleaded guilty and died just months after completing a six-year jail term. He suffered complications from heart surgery.
Just weeks ago, Mr. Edwards’s lawyer had asked the judge to release Mr. Edwards on health grounds. He provided few details, but he had previously argued that Mr. Ed wards was not me n tally competent to stand trial. Mr. Edwards’s lawyer also said that he had been negotiating an agreement in which Mr. Edwards would plead guilty, with a recommended sentence equal to the seven years that he had already served in jail.
While most remember Mr. Edwards for CMKM, he had a lengthy career that included working as a stockbroker in the United Kingdom and an accountant in Canada and the United States. He was born in London, U.K., on Oct. 11, 1942 (in the midst of World War II), as an only child. His father worked as a tax inspector. His mother was a homemaker. He remained in school until the age of 17, when he left to work as a stockbroker. In his spare time, he played in a blues band.
At the age of 23, Mr. Edwards married his first wife, Ann, and moved to South Africa to work for a mining company. Four years later, he and his wife moved to Canada, where he found work as a business reporter. He also became qualified as an accountant in Canada. His first two children were born in Canada. The family briefly returned to the U.K. in 1974, and a third child was born.
In 1976, Mr. Edwards came back to Canada, settling in Vancouver and going into business as a chartered accountant. He remained in Vancouver until 1984, when he moved to San Francisco. Around the same time, he divorced Ann. He later married a Canadian woman, Debbie. Mr. Edwards continued working as an accountant in the U.S., eventually moving to Las Vegas. In 2003, he divorced Debbie and in 2004 married a Taiwanese woman named Diana Li.
Around the same time, the CMKM scheme was occurring. Prosecutors set out his part in the scheme in an indictment filed on March 24, 2010, in the District of Nevada. They explained how Mr. Edwards and Mr. Casavant dumped billions of CMKM shares while touting the “Casavant diamond brand” and a purported $50-million jade collection, among other things. (All figures are in U.S. dollars.)
Unfortunately for Mr. Edwards, the government considered him a “cornerstone of the criminal enterprise.” He took the initial steps to incorporate CMKM and acquired its predecessor, a defunct tech company called Cyber Mark International Corp., for $2-million, prosecutors said. He made the purchase using an alias, Ian MacIntyre, and set the company’s address to a post office box in Las Vegas.
Much of the scheme revolved around CMKM’s sponsorship of a racing team called “CMKXtreme.” In 2004, the team participated in a series of races, sporting vehicles with the company’s stock symbol. Attendees wore shirts with slogans such as “Got CMKX?” Mr. Casavant frequently attended the races as well. In all, as many as 40,000 investors purchased the stock, according to prosecutors.
By the time prosecutors charged Mr. Edwards for CMKM, he had returned to the U.K. and had purchased a small house in Hampshire. His time there was brief, as he was arrested on a U.S. warrant on Sept. 7, 2009. After his arrest, Mr. Edwards spent five years fighting extradition. He claimed that he was no longer mentally competent to stand trial. He presented a report from a neuro physicist who diagnosed him as having “progressive cerebral deterioration.” The report concluded that Mr. Edwards had “no prospect for cognitive recovery.” Unfortunately for Mr. Edwards, judges in the U.K. ultimately allowed his extradition, finding that it was up to the U.S. courts to determine his competency for trial. He was subject to many expert reports while in the U.S. as well, all of which remained confidential.
With the death of Mr. Edwards, the remaining defendants are Brian Dvorak, Ginger Gutierrez, James Kinney and Nickolaj Vissokovsky. All except Mr. Vissokovsky (who remains wanted) have pleaded not guilty.
(Further information regarding CMKM Diamonds and associated companies can be found in 96 Stockwatch articles dated Oct. 21, 2003; June 22; Sept. 16 and 24; Oct. 1, 15 and 20, 2004; Feb. 11, 14, 18, 22 and 23; March 1, 3, 4, 7, 14, 15, 16 and 21; June 6, 8, 9, 10, 13, 14, 15, 16, 17, 20, 21, 22, 29 and 30; July 1, 4, 6, 12 and 13; Aug. 2, 5 and 9; Sept. 7, 12, 27 and 30; Oct. 24, 26 and 31; Nov. 7, 11, 22 and 25; Dec. 1, 6, 9, 15 and 22, 2005; Jan. 3; Sept. 29; Oct. 4, 2006; Aug. 30, 2007; April 7, 9 and 11, 2008; Sept. 21, 2009; Feb. 17 and 23; March 2, 5 and 10; May 18, 2010; Nov. 7, 2011; Jan. 20, April 25, Sept. 26, and Oct. 24, 2012; and Sept. 30, 2013, Oct. 7, 2013, Feb. 20, 2014, May 13, 2014, Aug. 14, 2014, Oct. 7, 2014, Dec. 3, 2014, Sept. 10, 2015, March 4, 2016, and May 19 and 26, 2016, Aug. 12, 2016, Aug. 24, 2016, Oct. 6, 2016, Dec. 20, 2016, March 22, 2017, March 28, 2017, May 23, 2017, April 10, 2018, and April 17, 2018.)
(CMKX) Shares: 703,518,875,000

[fung_derf]

4profit1
Wednesday, 02/06/19 12:34:21 PM
Re: fung_derf post# 353258
0
Post # of 353262

Steve wasn't desperate and did not make his millionaire status from a car wash. lol He had friends whom asked him for a loan. The loan turned out to be for CMKM stock and Steve had never heard of it. When they repaid the loan, they also gave Steve a cert for 2 million shares. SK could not make heads nor tails of what CMKM actually was so he contacted the company, ending up with meeting Frizzell. Steve's previous business acumen had included successfully navigating an endless stream of bureaucracy, he did NOT need CMKM Diamonds lol



Frizzell showed him $135 Million in judgments and said it was going to be great if only the suits could get some front money and there would be a lot of capital to run the company. Steve had never been involved
in a company whose only product was lawsuits and unfortunately it would take some time for Steve to realistically see and understand the whole CMKM debacle.

Researchers were the first to speak to Steve and at first we just listened, Steve did not know much and impossible for him to lie on his own, but we immediately knew what he was saying was parroting Frizzell. I called sneakerbabe and asked if she was listening to this set up by Frizzell and company? She had been thinking the same thing per her convo's. Nufced had personally met Steve in California regarding a John Edwards asset Can-Cal Resources. Whom held a $900,000 contract with Edwards over some land deal.

Also where Steve met with Emerson Koch and shook hands but NOBODY told Steve that Koch had written Kevin West and told him emphatically the JV deal had to be done by October 31, 2012. Emerson seemed to just kind of sit and wait to see what Steve might do. Losing the Glenn trial told Emerson, there was no way CMKM could meet its financial end of the deal.

Lowden and Frizzell annihilated the Can-Cal settlement, with help from raging bull poster, leowanta/Janet Douglass. It was sitting at $300,000 when Janet called Can-Can. A certifiable nut case in things she told them and posted, but she did tell them one thing and was music to their ears. That CMKM was near bankruptcy. Can-Cal immediately put the asset into a third party name and contract and CMKM would not be able to afford a now very long and expensive litigation.

Shelley had a stroke and very serious brain bleed. We had no idea what her future would hold as she was having to learn everything all again and was making progress. It would take years, if ever, she could use a computer again and exactly if she had any short time memory. We were thrilled when one day out of the blue she asked for a CMKM update. Not bcuz anyone was going to or wanted to speak to her about CMKM but that she had Remembered the Can-Cal. She held some short term memory.

Her husband answered her questions with info from sneakerbabe. It is still soooo very sad at the end of her sweet, sweet life and pretty much last moments of being lucid, she was still worried about CMKM. When she heard the news, she clearly said, I want nothing more to do with this company. She was absolutely furious with Frizzell and most debilitatingly, suffered another brain bleed which ended this beautiful woman and our dear friend's life. The news to Frizzell generated, she was like a daughter to him and he sent sandwiches.

Shelley wanted to know everything that happened in CMKM and wanted us to not so much help Frizzell but Steve. She had spent a lot of time with Frizzell trying to crack a big Edwards asset. It led to a dead end. The rest of us were emotionally destroyed and definitely on a raging burn with Frizzell. Things were at a standstill.

It took us some time to come to grips with it all and I told snearbabe that we were going to bust that asset wide open for Shelley. I spent months of total hell putting that together. Every action changed the parcel number and why no progress could be made earlier, a huge, huge complicated mess. Also the year after Shelley's death a boatload of discovery came into the company thru an unexpected mean, the real, horribly ugly, ugly truth , so much more defined and evidenced than we could even fathom. We kept going despite Frizzell and mostly to honor Shelley's wish, as tough as that was.

As gob has stated many times nufced brought him back into research prior Steve, kicking and screaming. We all loved Shelley dearly and she still had a lot of faith in Bill and Kevin at the time and she really liked Steve. The rest of us thought more if anyone could maybe bail the titanic out, it might be Steve. When Steve requested we join his research team, we volunteered our services...again. We also thought Frizzell would have some oversight he would have to listen to, as Steve reduced him from general counsel to contingency attorney. Obviously that went against the grain of things and Frizzell went off the reservation.

This is extremely difficult to write about still and I need to go think about something else, any thing but CMKM right now...

[fung_derf]

I didn't want to alter the article.

[Susie924]

it might be a full-on scam and you could love everything

Just a little typo??

[fung_derf]

IHUB's currency under scrutiny....

What is the Plus One Coin, and is it Worth Your Investment?

Kale Havervold —3 Comments



Recently, a brand new cryptocurrency called the Plus One Coin (PLS1) has been getting a lot of attention. It all began with an article in the popular British paper the Daily Express. The article spoke about the merit of this brand new coin and certainly got some investors excited.
So what is the Plus One Coin? Plus One Coin is branded as a social media cryptocurrency in which social media users can earn money for viral posts. It also rewards online engagement and fights against fake accounts, which are sometimes known as bots. So it rewards real comments and popular posts and due to it being on the blockchain, will be able to identify when a comment, user or like is fake. The token itself will act a little bit like a social validation token, according to the creator and founder.

It was founded by Clem Chambers, who is a British entrepreneur and author, known for his role with ADVFN and On-Line PLC. He has also written and blogged extensively about finance and has several books under his belt. So while the idea for the cryptocurrency sounds interesting enough; and the founder/creator seems knowledgeable and trustworthy enough, you should pump your brakes before investing in the Plus One Coin. This is because many people are questioning the validity of this coin and the attention it has been getting in the world of cryptocurrency news.

One of the biggest questions most people have is just how little is known about the coin. Sure, you can find a few interviews and articles about it, but not as much as you’d expect with the buzz around this coin. While many new coins or ICOs have thousands of interested investors and followers on social media, the account for Plus One Coin (which is @PlusOneCoin) is very different.

They have only three total tweets (none of which have been sent in the last few months), no interactions at all, and just barely 30 followers. This is a concern as any blockchain or coin investor or user knows that community engagement and transparency is very important, and the Plus One Coin demonstrates none of that. If you had discovered their account out of the blue, there is no way you would have thought it was the account for a budding coin.

Also, most websites for new coins will feature a ton of information about the team, the coin, the features of the platform, a detailed roadmap and of course, a whitepaper. However, the Plus One Coin website features a total of about 4 paragraphs of content, which are extremely general and basic, and don’t really tell us anything at all about the validity of the coin. They also offer no whitepaper and no information about the team involved, so their transparency levels are fairly low. It is a crudely designed website and pales in comparison to what most new or existing coins/ICOs have.

Also, the methods of actually purchasing the coin are unlike many others, which also raise a huge red flag for most people. Firstly, the app says you need to download a Plus One Coin wallet to your computer, which is odd as most other currencies let you use your own existing wallet to store or transfer coins. The coin isn’t even on Coinmarketcap, despite that site featuring virtually every other legitimate cryptocurrency, and being a trusted source for all things crypto.

Secondly, the only exchange you can purchase the coin on is the infamous TradeSatoshi. If you are unfamiliar with the exchange, let me bring you up to speed. While they offer an extensive selection of coins, there are many red flags about their exchange such as no leveraged trading, no information about payment methods and lackluster communication with their users. Also, many people have had numerous problems with the exchange and are accusing the exchange of being a scam. While it may not be a scam, with this many people concerned over the exchange, it is not a good sign.

In addition to the coin itself being a little bit shady, so is the article itself. The article in the Daily Express doesn’t offer much in terms of numbers or concrete features or benefits of the coin. Other than saying what it will do, it offers up nothing. Nothing about how it will do it, or anything like that. It also features fairly weak quotations from Clem Chambers in which the founder doesn’t say much of anything. In another interview, Chambers sort of dodges questions about why they didn’t have an ICO and don’t have a whitepaper, like most traditional coins.

Being that the cryptocurrency and the article itself looks fairly shady, how on earth did this article find its way into the Daily Express?! It is a newspaper that is respected and has been around for many decades. Well, we believe it is because of one of two reasons. The first is that the editor or paper doesn’t have a grasp on the blockchain or cryptocurrency space, and when approached, agreed to craft the article without doing much research. The second is that there is always a chance that someone at Plus One Coin actually paid the Daily Express to write about them in hopes of generating some sort of buzz or interest in the coin.

In conclusion, there is a high probability that not only will the Plus One Coin be a bad investment, but it might be a full-on scam and you could love everything. While the explosion of cryptocurrency recently has been an amazing thing overall, you should be aware it also brought with it a fair share of scams, so watch out. Many of these scams will appear legitimate, which is why you should always do your research. While we cannot say with 100% certainty that the Plus One Coin is a scam, there are a lot of arrows pointing to that distinction.



A New Hard Fork Has Caused An Uproar, What Is MoneroV And Is It a Scam?




Filed Under: Analysis

Tagged With: PLS1, Plus One Coin

https://www.allcrypto.com/analysis/plus-one-coin-worth-investment/

[fung_derf]

Willy steps in it again....

help me Member Level Thursday, 09/21/17 08:59:51 PM
Re: A deleted message 0
Post #
28967
of 37029
I don't own these stocks at all. I don't trade pinks any longer to many scams. I am 100% retired enjoying life. Yes you all know me well. MY past wasn't squeaky clean have no problem but I been out of these pinks for a long time. ICBU was my last stock I bought and lost my butt because of lies from Al Rosenthal and Chris Jensen. These guys are professional toxic boyz. Some of us change and admit it!

[fung_derf]

Willy's post about CMKX right before it goes down....

4profit1 Tuesday, 11/20/18 10:33:47 PM
Re: help me post# 352308 0
Post # of 352314



I spoke with Steve yesterday for about an hour and nope, he didn't compliment you. It won't hurt me at all bcuz I'm not the idiot Hal, who bragged about owning 900+ million shares of CMKX and how rich it's going to make me or a million millionaires.

You bought about 64 times more stock than I. LOL so no, it's not going to hurt me in the least. I didn't put much into this and I could afford it if it tanked.

Your posts have no effect on me. I'm not the one who got 10,000 shareholders into this or lied to them or took their donations, or hosted frauds or wrote deceiving stock touts or supported absolute Stock Frauds who stole everyone's investment.

You did and are the exact opposite of me.


So tell us again Hal, how great it's all going to be. Tell those 10,000 you got into this on CMKM'S last day how great it was. 10,000, was 1/4 of the 40,000 you are writing this trash to...

May 28, 2007

CMKX Update

Readers,

I am alive and now going to start CMKX updates. Many of you noticed I have CMKX inside my Willy Wizard Weekly News Letter. My boldness is going to start showing as you read what I have written today.

I put an HTML link towards the bottom of this letter so you can get
an idea what is taking place in Saskatchewan. If you scroll through
articles you might see a conglomerate forming right before your eyes. I have never doubted this was the direction CMKX and it's 40,000 plus shareholder base is headed.

Those of you that own CMKX shares could possible have a surprise
coming in the near term. I am reading all type of rumor information
that suggests CMKX is alive and well. I believe today as I did three
years ago CMKX will make us money and big money when it does.

I know many of you have come upon hard times over the last couple
years but sometimes this allows you to mature into someone that is
stronger and better then he or she was in the past. I know many of
you have just given up hope for anything to develop that is positive
out of CMKX.

I believe there is much more to CMKX then just a law firm going after old officers and others that are accused of doing activities that are against SEC regs.

Urban Casavant

For over a year I have been very quiet believing in my heart Urban's
words too many were words of a man that cares about his shareholders. I also believe Urban might have messed up once or twice but NOBODY is going to convince me he is a criminal like many believe at this time.

Readers, I read the message boards and listen to many bash CMKX and
Urban. I also read them bashing me this is the reason I stopped
sending out any information that could pertain to CMKX. I try to let
it just bounce off understanding it's not Urban's fault I chose to go through revocation and wait until the company eventually gives
everyone a hint about what is in the future for CMKX shareholders. I
ask this question to many that bash CMKX, "Why didn't you sell
at .0001 before revocation? Instead you held knowing the trading was
going to be revoked." I don't think anyone that chose to hold
through revocation has the right to attack Urban or shareholders that still sharing Urban's dream of "One Million Millionaires". Yes I understand it seems a little crazy on my part for writing this but I have my money riding on the trust of Urban Casavant. I am bashed all the time, bashers calling me a fool because I put at risk so much money. I avoid lowering myself to their level returning their
personal attack. In my opinion these misguided individuals that bash
on message boards are soon to eat a lot of crow.


MINING:

tinyurl.com/2uyoub

CMKX shareholders are a tough breed when it comes to investing in a
Pink Sheet company. Now after 2 to 7 years of being invested in CMKX
they are hardened Pink Sheet risk takers. Many of us continue to take risks buying Pink Sheet companies. I think when CMKX does finally put money in our pockets; I think many of us are going to be done with risk investment with our new found wealth.

Yes readers I am planting the hope of one day soon we all will forget some of the pain we went through with our CMKX investment. Have you ever heard this, "No pain No gain", Yes it's been a painful
investment for many, some more painful then others but keep alert for any new developments that might surface. YES have hope. In my opinion you didn't make a bad decision holding through revocation.

"If your in You win"

Hal Engel


http://www.wallstreetweb.nl/community/viewtopic.php?p=67953&sid=d70ab7ed58d0e74d63317620940ee4dc

If you're in, you win...when Carolyn Casavant said that, she meant IF you are a Casavant dumbo..

[fung_derf]

Willy Wizard exposed and undressed. Ouch.....

4profit1
Friday, 11/09/18 10:13:02 AM
Re: None
0
Post # of 352164

Hal has a problem with unregistered shares and no remose. Accepting multi thousands each month from shareholder donations, hosting an Urban paid fraudster with no regard or responsibility to shareholders amid the many, many red flags.

INITIAL DECISION

May 11, 2004


"Engel
Energy & Engine

Engel claims that he received Energy & Engine shares registered pursuant to a Form S-8 registration statement from the issuer that are exempt from registration. (Engel Resp. at 4-8.) Engel also claims that he "did not purchase any securities from the issuer nor did he offer any securities or sell any securities for an issuer in connection with any kind of distribution. Instead, [he] received securities for compensation for bona fide services rendered." (Engel Resp. at 9.)9

Regardless of whether Engel was qualified to receive the Energy & Engine shares from the issuer, no registration statement was filed or in effect for Engel's subsequent offers or sales of stock. Further, the Division has submitted ample evidence to show Engel's underwriter status, which Engel, lacking factual support, can dispute only through general conclusory statements. See Lybrand, 200 F. Supp. 2d at 391. The record shows that Energy & Engine, the issuer, paid Engel in stock for his promotional services. Energy & Engine knew it was paying its stock to Siembida's subcontracted promoters, including the operator of the WillyWizard.com Web site. Engel is the operator of this Web site. Engel knew he was ultimately working for the company, which is apparent from the fact that he interviewed Energy & Engine's CEO and posted information about the company on his Web site. Thus, the record provides no support for Engel's contention that he did not acquire Energy & Engine stock from the issuer. Engel received the stock as compensation for services rendered and not for an investment purpose. Thereafter, Engel offered and sold 136,500 shares of the Energy & Engine stock in less than a year from the time of receipt. I credit this evidence to support my finding that Engel acquired the Energy & Engine stock with a view to distribution. Based on the foregoing, Engel does not qualify for any exemption from registration.

Accordingly, I find that Engel violated Section 5(a) and 5(c) of the Securities Act when he offered and sold Energy & Engine stock on the open market without a registration statement filed or in effect. The Division's motion for summary disposition will be granted as to Engel.

SANCTIONS
I have concluded that there are no material facts in dispute and that the Division is entitled to summary disposition as a matter of law. The remaining issue is what, if any, sanctions are appropriate. The Division requests cease-and-desist orders and disgorgement, plus prejudgment interest, against all Respondents.

Cease And Desist

Engel

Engel also committed a serious violation by circumventing the registration requirements of the Securities Act and, thus, denying the investing public necessary information. Engel's actions were recurrent and recent. In 2002, he sold unregistered shares of Energy & Engine on the open market in thirteen separate transactions. Engel fails to acknowledge any misconduct, instead contending that he "has acted within the guidelines provided by the Securities Act." (Engel Resp. at 10.) Engel fails to provide any assurances against future violations. Further, Engel is in the practice of entering into arrangements with issuers that are similar to the one he entered into with Energy & Engine. Engel states that from "time to time [he] is approached and asked to assist in building a corporate image by allowing the company to advertise on his website." (Engel Resp. at 3.) Engel's submissions also indicate that it is not atypical for him to receive payment in securities from these companies.

Thus, I find a substantial likelihood that he will have the opportunity for future violations of the securities laws. Accordingly, I will order Engel to cease and desist from committing or causing violations of Section 5(a) and 5(c) of the Securitiremorse."

https://www.sec.gov/litigation/aljdec/id250rgm.htm

Hal boasted of getting 10,000 shareholders into CMKM, and again the shares were unregistered. SGGM, GBDX, Turino and Edwards CIM pump to further sell CMKM shares, UCAD/USCN etc.

Wednesday, 05/09/18 03:55:13 PM
Re: Pedro2004 post# 349759 0
Post #
349770
of 352146
Yes I was Willy Wizard years ago. And yes I am Hal. I sign off here as Willy to irritate a few lol. I will report new events as I know they are taking place.

I am an investor in NHE and still own all my 900mil cmkx shares. I believe both investments will make me money especially with current events.

Remember handing off the 3mil cmkx shares.

Hal/Willy/Harold

What about during the CMKM cert pull, that one particular cert reported to the SEC Jan 2006, for 750 million in your wife's name? When Hal could not buy or own more stock in his name from the SEC Judge's Cease and Desist. According to public records, addresses and property tax records, there are no 4 houses, just the current one, where his spouse is listed as owner also on statements.

Hal thanks social media and wrote about calling his wife the "C" word and his daughter a prostitute helped him get a divorce. That's another fabrication, the court absolutely frowns on that type of behavior, not applaud it.

The Turino, Jensen, Casavant, Edwards, Barnett, LoCastro, Vissokovsky, Harlan, Willy Wizard Accadacca Club requires you either be a psychopath or sociopath. No conscience, no remorse.

Sociopath. The Traits To Look For:

Absence of nervousness or neurotic symptoms
Interpersonal unreliability
Untruthfulness and insincerity
Insufficiently motivated antisocial behavior
A lack of affective (“feeling”) empathy
Failure to learn from negative experiences
Callous and shallow emotional response
Fast, but irresponsible, decision-making
Incapacity for love
Lack of remorse or shame
Pathological narcissism/egocentricity
Superficial charm and manipulation
Failure to accept responsibility for their own actions


Symptom: Lack of empathy

Perhaps one of the most well-known signs of ASP is a lack of empathy, particularly an inability to feel remorse for one's actions. “Many people with ASP do seem to lack a conscience, but not all of them,” he explains. Psychopaths always have this symptom, however, which is what makes them especially dangerous. “When you don’t experience remorse, you’re kind of freed up to do anything—anything bad that comes to mind,” says Dr. Black.

Symptom: Difficult relationships

People with ASP find it hard to form emotional bonds, so their relationships are often unstable and chaotic, says Dr. Black. Rather than forge connections with the people in their lives, they might try to exploit them for their own benefit through deceit, coercion, and intimidation.

Symptom: Deceitfulness

Sociopaths have a reputation for being dishonest and deceitful. They often feel comfortable lying to get their own way, or to get themselves out of trouble. They also have a tendency to embellish the truth when it suits them.

Symptom: Risky behavior

Combine irresponsibility, impulsivity, and a need for instant gratification, and it’s not surprising that sociopaths get involved in risky behavior. They tend to have little concern for the safety of others or for themselves. This means that excessive alcohol consumption, drug abuse, compulsive gambling, unsafe sex, and dangerous hobbies (including criminal activities) are common.

[fung_derf]

A new era with Steve Kirkpatrick that sounds to me as bad as ever...

capten
DIAMOND JEDI
Hal Engel
2. Juli um 04:49

Good set of notes! Thanks guys.

NHHI

SK begins by saying interesting meeting tonight, see how many show up. Happy 4th of July weekend, have lots of fun, family, good food. As always, he opened with a prayer.

Well folks, he's been doing this for over 4 1/2 years. Most interesting and difficult thing he has ever tried to take on. He has mixed emotions and going to lay it all out there, will be speaking with an open heart about things going on. Back from the total destruction fiasco, Criminal Enterprise and a lot of goofy stuff going on.

Litigation is most important agenda. Criminal trial is still set for August, he hopes, from John Edwards pushing the buttons in getting re-evaluated. SK says to John Edwards, if he's listening, which he might be, it ain't going to as easy as you think. It all catches up and will reap what has been sown.
Collections are the final bullet on judgments. NHHI needs to be capitalized, NNHI will see if there is or isn't enough to grow the company. He can't really disclose what's happening, what the company is doing in this webinar, he will when it is safe to do so.

Misc Topic

Urban Casavant is dead! Rumors of him still being alive are rearing their head. Said before, will say again, he's sorry that Urban died. If shareholders want to email Steve, he will provide a copy of Urban's death certificate by request. It's 150% for sure. SK wants to stomp out the brush fires and wants to stop wasting time over that.

The history of the Criminal Enterprise is in the Indictments, if you haven't, read through them. The theoreticals, smoke and mirrors, won't be read in there, only proof. The rest you see is distractions, back ground noise. Shareholders holding on to that, he doesn't know why, but they do. You'll see what kind of people you're dealing with.

JEFF EX Clearing.

He asks for undivided attention so you don't miss it. Issues to stir things up, trying to damage the company, like to see it go away because it's not going to work.

Two (2) brokers, ex cleared 111+ billion shares. SK said he would reveal the names after Wells Fargo settled. What the heck difference does it make who they are, it's a simple matter? He was given 2 names, accurate or not by Bill... Shepherd attorney in WF case, out of the blue. He wrote them on a note pad on his desk. By request he called the FINRA Office of Ombudsman and gave them the names. SK said the guy could have cared less about it.

They were left with a $95,000 counsel bill. Bill Shepherd wasn't particularly interested. Burned Bridge by local counsel, Reade, in the middle of the WF case, lost his law license and was indicted. Shepherd didn't pay that legal bill as was agreed he would do.

As of yesterday (the day before webinar) SK didn't know some information. There's every kind of insane thinking on the boards - RB. With help of some very good people digging into testimonies, the Principal of NevWest depositions, NevWest cleared huge volumes through Jeffries and Empire Financial Group, also a tiny company named Hudson. John Edwards dumping Billions. Sergey clearly stated that one broker is NevWest. The other broker isn't in the depo. The other is one SK had never heard of. He thinks it was just initials and started with an "N" Steve has been in Texas a long time, before that Florida and no where near where the massive info is stored. SK stated he will at some point go through that information looking for it. He said, It doesn't make on iota of difference, won't help the company. Wells Fargo isn't one of the brokers.

(Note Empire went out of business in 2008)

Speculation Ameritrade bought, soaked up by the company, no voting rights, that's a bunch of bull. Been a pain wasting too much time, the lengthy emails, webinars on this. It means nothing today. Nothing will come from it, zilch. They'll dream up something to discredit the company, counsel and it isn't going to work

Shareholders ? with an agenda

Trouble makers mostly from Canada and supporters of Urban, tried to organize mob shareholders at the webinar. They've tried it, their schemes, slam the company, last time. They won't talk on the phone. On pro boards, create several aliases, talking to themselves, in order to get agenda online. He's sorry Casavant's dead, that's up to God. Evidence SK sees is very clear at trial, Urban was a womanizer, drug addict, drunk, gambler, thief that helped steal $250.000,000. Why do they do this? SK doesn't know. SK is no longer going to deal with it.

Edwards pumped billions they created out of thin air. NevWest didn't get Indicted, they are out of business a long time, they were enforced by the SEC and NASD. What is that going to do to get money back?

Steve states he's been working for the shareholders, anyone wanting to go to civil court is fine with him. Settlement with Kozic. Steve honored it, problem is, this group does not have proper purpose. No court will allow it. Kozic had a heart of gold in reality, once you got through the crustiness. He cared about shareholders, he finally figured out, Steve and he, were on the same page. Frankly, New Horizons, name Jerry came up, Jerry was killed, SK said it's only fitting the name Jerry suggested, SK liked and now becomes in memory of Jerry.

A poster on RB says to cut Steve a break, wait 1 or 2 months and then he will join in. Steve said there is no reason him, he's working for you.

Be aware, there are forces that don't want the company to make it, but the company now, is too far down the road. All it's about now is, how fast can they raise cash from the collection? 700+ billion shares on the master shareholder list they have, is what we're going with, minus all this other talk out there.

Wells

11 need re-work. 16 wells getting ready, to sell 3 for nice little profit. He did some math on 25 barrels total = $55,000. Assumed at $45 a barrel. No one has bought production this cheap. Could something go wrong? Yes but he will keep working, make it happen

Q & A

TRUTHSHALLSETUFREE: Thanks for efforts, make some of those people making trouble, just get out of the way. Your Uncle Urbie got out the easy way. He croaked. Concentrate on value Steve will bring to the company

Has there been any revenue in assets NHHI recovered?

SK: All the time he has put into knowing shareholders, long emails, conference calls, is not happening again. st8diesel guy sent him 10 emails, won't call Steve. Stuff he emailed him tonight, same crap. Urban's a great guy. We have some semblance of good. Back when he came in, they sold the property in Georgia, mortgaged to the hilt, Lowden and Steve worked on. what they got was $15,000, that was the first money to come in. finally settled Wells Fargo, you'll see on the tax return, which will be filed Sept 15th, the corporate deadline.

Something out of the Durr case. Company got the deed to a property they've been working on a long time. Not an A+ property but $100K - $150K, after fees will be money left in NHHI, it will help. NHHI can't go out on its own and buy oil wells right now. Company will target things on file, hundreds of thousands. Need 12 months few hundreds of thousands, He wants to make it happen, some bigger ones not engaged yet but they are working on.

Told we're going back to trading. How are we going to do that? Legal counsel lined up to do that process? Road map, months, years, decades?

Good question, talk about trading again for a long time and more important than ever, in an industry, lots of value. Can't do it t his year would be a miracle. We could get lucky with an asset that would put us on the map, in millions. Believes there are assets that much. SK says Hey John, he could be listening, See You In Court. Amount of capital, no real money to work with. Speculates it could be a matter of 24 months but they could hit a home run and take to market quickly. Hundred grand herm hundred grand there, it's a slow process.

Q Regarding Mr. Frizzell had some proof of NSS - going back to trading - have evidence could play out in trading?

Always said or said a long time, what BF has in evidence, face to face, Steve's in Texas now BF can't escape, he means that in being funny, Bill's doing a good job. Company can't afford massive subpoena's, discovery, to see if there is or was uncovered shares floating. Need to trade again. See if we can enforce a cover? SEC won't concede it. If they get wind, they'll shut us down. See if, uncovered, they will enforce? He wasn't involved when all that was happening. In order to s atisfy shareholders, we have to try. Given shareholders who want out, get their investment back out, we have to keep pushing that way, see what happens.

Q Does BF have evidence to enforce rules?

Steve will talk to Bill Frizzell and ask again. They haven't been talking about stuff like that right now. the company found it inconclusive.

Steve will try to do it before next webinar. Is it a waste of time, try to trade without? He doesn't know or had time for that discussion, since we haven't been close to trading.

Q What if government wins and defendants get convicted? Will they compete on assets we're going after?

Steve can't say much, he could really unload, but can't say. SEC had big judgment against Edwards. The collected $40 -$50 grand. DOJ hasn't made much effort. DOJ restitution order is mandatory. Steve thinks the DOJ might think the best way to help shareholders is for their company to survive. Most defendants have claimed to be destitute, he doesn't think the DOJ will collect much.

It's 4th of July weekend, have somewhere I have to be. Finish what is left, not much in a couple questions, when I can.

Have a safe and happy 4th of July

(Reminder from me, the company won't post the death certificate on their website because they don't have permission from the family. If shareholders choose to do so, it's at their sole risk what steps the Casavant family might take. They were not willing to provide it shareholders)

Capten

http://cmkxunofficial.proboards.com/thread/12043/july-greetings-cmkm-webinar-update

http://tfant53.proboards.com/thread/11043/4profits-notes-webinar-30-outstanding

[fung_derf]

Willy Wizard makes more unfounded outrageous promises.....

By: WillyWizardClub
15 Aug 2004, 07:17 PM EDT
Msg. 474963 of 1046515
Jump to msg. #
What Is Going On!!! VALUATION

Ok boyz and girlz lol I feel the time is coming close for the short squeeze of the 21st century. Most of us know crucial meetings are taking place in Saskatchewan. Out of these meetings we expect major news to be disseminated to shareholders.

Only rumors at this time but we are expecting the true OS/Issued share count to be announced (all numbers floating around imo are incorrect), we are also rumored of more stock dividends and possible cash dividends to shareholders. The outcome of this meeting will imo have life changing ramifications on all shareholders regardless of the size of your stock position.

I have written using many headings and when I put them out to readers I try to be as accurate as I can at the time I write. I am also trying to be accurate in my assuming this and that could take place. If I am wrong I’ll take the heat and if I am right I’ll take the other side of the coin. All my readers know I am not afraid to admit when I am wrong. My feelings toward this company can be seen in my large stock position listed in my disclaimer. I am also profiling CMKX for NO PAY and I am enjoying doing all the DD and reading DD of others as I build my profile. Here is a link to the profile:
http://willywizard.com/Profile-CMKX.htm

Out Standing

Many are asking about the OS and I don’t blame them at all for asking. In my opinion the OS could be set at what ever level Urban wishes to set it at. I am still going with the 200 billion range and I feel comfortable with this number, why?

This is going to sound funny but even if it is 500 billion when you read the valuation I put on this company it won’t make a difference.

Company Valuation

When trying to formulate an intrinsic value of CMKX I look at claims via past press releases and use my limited knowledge of minerals in the area. Here is the quote, “Urban Casavant stated, "These hundreds of anomalies have been filtered for elimination of farm equipment and steel buildings as a probable cause for such an impressive count of anomalies."” This is a serious value. Just one of these anomalies, if drilling shows diamonds present, could be worth more then a trillion dollars if it is mined. Even if an anomalie is not mined it could be worth 20 to 50 billion and CMKX has hundreds. I’ll go over diamond valuation more as you read this commentary. I have a club member that has actual experience who is contributing her research to this commentary.

It is well known the Saskatchewan region has many minerals present, such as Uranium, Gold, Diamonds, Zinc, Oil, Platinum and Silver etc. I believe Urban’s main focus is towards Diamonds and not the rest of the minerals but all minerals have enormous intrinsic value for the company. These are mineral assets owned by CMKX could be sold to mega big companies. ZenInvestor has been covering some of these companies recently. He has written about Lundin Group and Cameco. The Lundin Group has subsidiaries in Gold, Oil and new sub located in Denver which covers Uranium.

Zininvestor’s post at our group from Ihub.

http://finance.groups.yahoo.com/group/willywizard/message/44219

The reason I brought attention to zeninvestor32's post at Ihub, Uranium is a highly priced mineral which is a valuable asset of CMKX. Also the Lundin Group has oil and gold interests world wide. All these minerals are highly valuable to a company such as Lundin or Cameco. This adds enormous potential intrinsic value to CMKX. This Uranium value could go as high as 300,000,000,000 billion just to buy the rights to mine the claims.

Cameco link showing their interests in diamonds also within this joint venture project.

http://biz.yahoo.com/cnw/040813/uex_black_lake_update_1.html

Also consider the value of a block of claims if Urban decided to sell a block. The price tag on this type of sell could be astronomical. The price could reach to 1,000,000,000,000 trillion easily imo.

We can’t discount the value of CMKX’s dividends that are scheduled over the next 30 days.

CIM dividend of 40,000,000,000 shares should be considered valuable in the future. At this time CIM is all futuristic valuation.

Recently CMKM announced UCAD purchased 5% of their mineral claims with an option to purchase 10% more of the claims for $15,000,000 and for this gave CMKX 7.5 million shares of UCAD. This gave CMKX valuable ownership via share ownership of UCAD and Juina Mining, Yellow River Mining, C.O.D. Mining and soon to start up Nevada Magnetics. I think both CMKX and UCAD had more valuation then dollar figures show us but an equitable transaction was made for the long term good of both companies. CMKM Diamonds, Inc. will later issue these shares to all CMKX shareholders of record on August 20, 2004.


You can view all the UCAD subsidiaries and what they do at http://willywizard.com/Profile-CMKX.htm I put together a break down with pictures taken from each subs web site. Very easy to see the intrinsic value they all give to CMKX.

The second stock dividend has long-term intrinsic valuation for CMKX shareholders. CMKX shareholders will receive 40 billion shares of CIM to divide and will receive in return a 10% lifetime royalty on all mineral claims of CIM , specifically including the George Lake Zinc Deposit. This will be distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.

The third stock dividend will be GEMM. Recently purchased 95,502,027 of GEMM and has an option to purchase 127,336,036 more shares for $500,000 which more then likely be purchased and distributed on Oct. 1, 2004. Understand 127 million is 24% of GEMM so if you do the math CMKX will own over 49% of Juina Mining and Juina Mining’s other major shareholder is UCAD owning 51% but CMKX shareholders own 49% of UCAD giving CMKX shareholders even a larger stake of GEMM via ownership in UCAD. This is very interesting. If you look at the flow chart at my web site you will easily see the ownership picture. Here is the link to the flow chart http://willywizard.com/Profile-CMKX.htm

CMKX announced that it has agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. What’s interesting about this acquisition is when you look at UCAD’s holdings you see UCAD owns the other 40% of the mineral rights. Again look at flow charts at http://willywizard.com/Profile-CMKX.htm

Are you all starting to see a pattern? This mixing of company ownership is for two purposes in my opinion. One is to create a conglomerate of individual companies united to add value to two heads, UCAD and CMKX as the main head. The second reason is to create a multitude attack on the short MMs, offshore hedge funds and Individuals with accounts offshore that ruin these small cap Pink and OTCBB stocks.

There is mega dollars of valuation coming into CMKX share valuation. Read the above carefully again and count the anomalies at hundreds of billions. The property value, just think about that for a few minutes. Imagine the value of our claims in Saskatchewan? Uranium potential 500 billion plus value, Gold, Diamonds, Zinc, Oil and Silver etc.. Now add in operating mines via UCAD, such as Juina’s 49% interest in an operating diamond mine joint venture partnership with Emerging Africa Gold, Inc. (EAG) in the Brazilian Company Juina Mining Mineracao, Ltda. JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil. Yellow River Mining with an operating Gold Mine the “Provincia Del Oro” (Province of Gold) in Southwest Ecuador.

Lets roll back to the anomalies once again. We were told in paltalk that the current anomalie CMKX is drilling on is apx. 1 ¾ mile by 2 mile…this is huge anomalie. One anomalie can take decades to fully mine, such as an open pit mining operation. Again open pit mining pictures provided at my web site profile. The diamond cash value of one anomalie could be astronomical in the 500 billion dollar range or more and we have many this size.

Here is where I am inserting a club member’s commentary showing diamond valuation.

Credentials: Londa Groves

“Started working heavy equipment at age 14. Began contracting with Pacific Clay Products in 1975 and continued until 1993 under contract. All in the mining division. State of California Contractor's State License Board. Licensed Contractor in 1975. Certified Mine Safety and Health Administration Instructor 1978 full no restrictions USA and all territories. Certified Department Weights and measures Deputy Weigh Master 1976-1993 multiple locations State of California. Semi-retired 1992. Certified American Cash Flow Association 1997 Certified DCFS. Certified Primerica 2002. Financial Analyst. Loan Originator.

“Currently under drilling by CMKM Diamonds a Kimberlite Pipe measuring 1/ 34 miles by 2 miles in roughly rectangular form. (1.75 mile [survey, US] = 9,240.01848 feet [international, U.S.] by 2 mile [survey, US] = 10,560.02112 feet [international, U.S.]

1 kilo of diamonds = 100,000 carats and a kilo is roughly the size of a brick. A brick is roughly 7.75 inches long by 2.25 inches tall by 3.5 inches wide. How many kilos of diamonds in side of the above described Kimberlite? Only the company assays can estimate that. But 5 bricks laid end to end are approximately 3.23 feet. http://www.onlineconversion.com/length_all.htm

According to the previous CMKX website http://www.casavantmining.com - 80% of Saskatchewans' kimberlite pipes are diamondiferous.

50% contain diamonds over one millimeter in size.

A high percentage of diamonds recovered are clear, inclusion-free and exhibit good crystal form.
Studies indicate cash operating costs of $10.50 per tonne, including overburden removal.
Personal observations and opinions:

Now let's get down and dirty. This company has completed Aero Magnetic surveys on a portion of their claims and ground TDEM surveys on the whole of their claims. They have an established Drilling Program in progress as well as Drilling and Surface Exploration Permits in hand. The company controls about 1.4 million acres in claims in Canada, and has additional associated claims in South America. Has entered into contracts with US Canadian Minerals Inc, United Carina Resources Corp., Consolidated Pine Channel Gold Corp., Juina Mining Corp., Casavant International Mining, CMKXTREME Inc and Nevada Minerals, Angel & Edwards, et al. Has committed extensive resources and a great deal of man power effort to expedite the discovery and exploration process that it takes to found a Diamond Exploration company. The recently discovered anomalies and an aggressive shift of resources toward the exploration of the discoveries shows me that the Casavant Team is dedicated, intent and pivotal on accomplishing what they have set out to do. Each of the above alliances brings with them a specific expertise and knowledge in their respective field that enhances the CMKM Diamond Company and in my personal opinion forges a chain of strength and determination to succeed. The target is in the name and upon proving out the drilling samples and assays coupled with the massive knowledge base being built and alliances brought together I anticipate success.
-
Monday 31 May 2004 http://www.mmegi.bw/2004/May/Monday31/3107547201778.html
Trans Hex audit reported on developments on its other interests in the southern African region including Angola. Some 84,000 carats from the Luarca concession were sold in Angola during the year under review in excess of US$300 per carat, making it the highest value per carat production in Angola to date”.

5/28/2002 http://gac.esd.mun.ca/gac_2002/search_abs/sub_program.asp?sess=98&form=10&abs_no=598
The estimated size of the kimberlites ranges from 3 million to more than 600 million tonnes. Current grade estimates for the kimberlites most thoroughly evaluated by the Fort à la Corne joint venture and Shore Gold Inc. is on the order of 5 to 30 carats per hundred tonnes (cpht).

http://www.chabad.org/library/article.asp?AID=114770
The industrial diamond, although useless as jewelry, is as vital a part of today's mechanical industry, as electricity or other forms of power. In the year 1957, for instance, the U.S.A. imported 15 million carats worth of diamonds. Out of this amity, less than 2 million (1,800,000) carats worth were jewelry; the rest - more than 13 million carats, or almost 3 tons - were industrial diamonds.

This is not a solicitation to buy or sell the stock of this company and I do and will continue to own stock in this company. All opinions are my own and I stick by them...Londa Groves”


Readers do you understand what you just read from Londa? Let me break it down in simple form. I believe the current anomalie CMKX is working on is much bigger then the 600 million tones Londa’s research eludes to. But I will use the 600 million tones.

600,000,000 tonnes divided by
20 carates per tonnes
30,000,000 carates times $300 equals
$9,000,000,000 trillion dollars for gross value of the current drilling project if it were completely mined out.



Lets move on to new Short Selling Rules

Because of much pressure from the public the Federal Government has been forced to reevaluate the way the Markets Makers and DTCC do business. These two entities are like a married couple trying to help each other out but not for love but to scalp the public investors of trillions of dollars. These government bodies also fund the Securities Exchange Commission. So we have 3 entities all working in conjunction with each other…do we have any conflict of interests? Of course we do.

The new rule SHO is a rule to assist the shareholder which will stop most of the naked shorting that is done as the backs are turned by the SEC. Also this will stop DTCC from using their authority printing to attach Cusip numbers to illegally naked shorted shares which increase the floats of small companies beyond control of the company. This authority allows the naked short MM to avoid the illegality of the short.

Reg SHO was posted in the Federal Register on Fri. 8/6/04. It becomes "Effective" 9/6/04 i.e. it becomes Federal Law incorporated into the 1934 Securities Exchange Act. The "Compliance" date is 1/3/05. The regulators promise not to bust anybody until 1/3 because of the necessity to update software, etc.

At this point lets once again look at valuation and take into consideration the dates Reg SHO is effective 9/6/04 and compliance date 1/3/05.




UCAD Dividend $ 6,000,000,000 Billion 8/20
CIM dividend $ 20,000,000,000 Billion 9/01
GEMM Dividend $ 10,000,000,000 Billion
Claim Valuation $2,000,000,000,000 Trillion
Uranium $ 300,000,000,000 Billion
Diamonds
Unmined $9,000,000,000,000 Trillion
Considering
100’s of
Anomalies
Other Minerals $ 750,000,000,000 Billion
_______________________________________________________
$11,346,000,000,000 Trillion Dollars

The above CMKX valuation is just an attempt to show readers that CMKX, as a company, is worth a lot of money. No way can CMKX mine all these minerals or Kimberlites. I expect CMKX to sell Kimberlites as they show prove they are diamondiferous. I think these unmined anomalies when sold could bring at least what I showed above. Don’t forget the current Kimberlite CMKX has started to drill on if fully mined could be worth the $9,000,000,000,000 Trillion dollars but this could take decades to complete. Will they mine this Kimiberlite or others to full completion? Nobody has this answer but it’s interesting to dream isn’t it.

Last thing I am going to write about is the short squeeze and share price valuation that IMO is about to take place. If there is a short, I believe there is, excitement should start taking place next week as move close to first stock dividend. IMO it will take more then a stock dividend to create a short squeeze. I see it happening like this.

Mid week next week rumor is flying about some type of cash divy with more cash divys coming. Urban has said he wants to make a million millionaires many times. I think with the SHO rules coming into affect and all the press on Market Makers naked shorting this is prime time to announce Out Standing, Float, Shareholder’s on Record, Completed transactions if any and Valuation of CMKX including UCAD Valuation. Also if any completed transactions include cash divys CMKX could have one immediately available this week and then announce a second cash divvy for mid September. Why September? We have on record:

August 20th Divy
Septmeber 1st Divy
September 15th ???? <-------
October 1st Divy

The gap leaves a question what will take place September 15th.

If this takes place cash divvy will show all shareholders CMKX is for real, means much more then a stock divvy. This put liquid cash in all shareholders trading accounts. I think every shareholder that receives a nice cash divvy, knowing another one is on record for 3 weeks in the future, would seriously look at buying more CMKX stock. I have asked many about this and everyone asked said they would buy more stock even if they paid in the pennies and higher per share.

Also add in here the mixing of all the company’s ownership in the stock dividends. It’s going to be tough for the Market Makers to provide shares for these dividend shares.

The above would create a rolling affect on the stock price creating a short squeeze. The share price would be gapping according to cash divvy price out in September. Also with new investors buying stock along with their family members and friends.

Understand dividend stocks will trade higher then the dividends. An example was MSFT just gave shareholders a $3.00 cash dividend. MSFT trades between $24 to $28 per shares. Most divys are approximate 10% to 20% of the share price. The intrinsic value I showed for CMKX and a example .50 cash divvy at 20% would put the CMKX share price at $2.00 per share. Add in a short squeeze and real intrinsic company valuation and this should get real interesting. The stock price could actually go in the $10 to $15 dollar range over the next 4 months. This is possible so we should all keep a close watch on CMKX over the next 30 days. Yes this just my opinion but my research shows this is possible.


Readers, CMKX is a dream coming true investment. I have written many times about my feelings in regards to CMKX. I have changed my feelings towards CMKX many times. What were the changes? I am just getting more and more and more bullish as I write these newsletters…

It’s great to be involved in the Diamond/Mineral Rush of the 21st Century. All of you are 21st Century miners with the newest technology to enhance striking it rich at a very fast rate of speed. LOL Just think about it we don’t even have to get our hands dirty.

Because I have been busy at work I might have a couple typos or fragmented sentences. Please excuse the messy writing. I am not known for spelling and structure LOL.

Good luck everyone and lets get wealthy together as a club. You all deserve the wealth.

Thank you,

Hal Engel aka WillyWizard
- - - - -

[fung_derf]

fun old days with Lindabruzzone….

To: scion who wrote (5363) 11/24/2003 3:32:56 PM
From: Jeffrey S. Mitchell Read Replies (2) of 12254


Re: 11/17-24/03 - [PCBM] Linda Bruzzone, Private Investigator, Launches Investigation of Owners and Posters on Message Boards

Posted by: janice shell
In reply to: lindabruzzone who wrote msg# 17827 Date:11/17/2003 5:44:55 PM
Post #of 18584

Yes, Linda, it is.

Isn't it time people grew up and acted like adults?

You should have thought about that before you pranced onto the RB PCBM thread accusing everyone critical of the company of stock manipulation, which is a crime.

No "private" information about you was posted. All of it came from public sources, so stop whining about it.

You wonder why people were critical of you? Well, you sided with PCBM's most notorious touts, including the obscene and insane Surfit. And then you made up silly and increasingly embellished stories about people stalking you.

So let it be a lesson, Linda: accuse people of crimes they didn't commit, and they'll get pretty pissed off. And they'll try to find out everything they can about you. Don't forget: YOU appeared on the PCBM board soliciting "information" about the identities of "bashers". What's good for the goose is good for the gander.

As it happens, you came up against some people who're better at this detective stuff than you are.

investorshub.com

=====

Posted by: lindabruzzone
In reply to: janice shell who wrote msg# 17829 Date:11/17/2003 7:18:06 PM
Post #of 18584

So, Janice, you speak for everyone? Seems that is what started this when someone told me I needed to speak to Fung Derf of Fidelity and all of a sudden, you took that personally and began attacking. I believe that is shareholder manipulation, Janice.

Why did you choose to get involved, rather than merely letting Fung Derf handle his own matters. Now, why would it bother YOU that someone wished to speak to Fung Derf...do you control everyone's conversations? So, you do backgrounds on people who ask to speak to someone else? What is your motive?

Again, now you're speaking for Huckleberry...does Huckleberry have a voice?

You are just about in the middle of everything, aren't you Janice?

I guess you feel you are entitled to invade others' privacy when they wish to speak to people. I guess you feel you are entitled to harass them because they wish to speak to someone.

I believe what you did, coupled with your comments on the CYPT board, were stockholder manipulation. I believe what you have done is illegal, Janice.

So, now you are teaching people lessons or people will get "pissed off," huh? Just how do they get "pissed off" Janice? Do they post private fact in public forum? Do they harass people at their homes? Do they go after their families, Janice?

Speaking of geese and detectives, let's see the license or the name of the boss.

Happy days ahead, Janice...


investorshub.com

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Posted by: fung_derf
In reply to: lindabruzzone who wrote msg# 17873 Date:11/17/2003 10:19:39 PM
Post #of 18584

Ahhhh linda, but you see, you blew it. You continually took information out of context to create an insinuation, and at the very least my dear, that is poor form. You see, nobody actually said that I was with Fidelity, however, you decided to continue with this false line of reasoning. I can only assume you were trying to harrass and cause shareholder manipulation in its' worst form! Let's look at what was actually said to you.....

By: guru11
07 Nov 2003, 11:34 AM EST
Msg. 1037729 of 1042251
Jump to msg. #
And Linda..

The moderator FUNG DERF, has somehow been associated with
Fidelity in Texas, I bet your investigation skills may dig up something for us, the bewildered bunch! imo

Thanks..

Now, what does associated mean? I park cars? I deliver their mail? OR perhaps I am a customer? Or perhaps, none of the above.

One entry found for associate.


Main Entry: 1as·so·ci·ate
Pronunciation: &-'sO-shE-"At, -sE-
Function: verb
Inflected Form(s): -at·ed; -at·ing
Etymology: Middle English associat associated, from Latin associatus, past participle of associare to unite, from ad- + sociare to join, from socius companion -- more at SOCIAL
Date: 14th century
transitive senses
1 : to join as a partner, friend, or companion
2 obsolete : to keep company with : ATTEND
3 : to join or connect together : COMBINE
4 : to bring together or into relationship in any of various intangible ways (as in memory or imagination)
intransitive senses
1 : to come or be together as partners, friends, or companions
2 : to combine or join with other parts : UNITE
synonym see JOIN


Now, I have told you numerous times that I am in no way "WITH" Fidelity, however, you choose to consider to attack, accuse and work towards shareholder manipulation!
BTW, one more thing.....If you choose linda as your alias, then it no longer stands as just your real name, but also as your alias. Therefore, using it to address you is, in fact, proper internet protocol.
Now, I have one more request of you, quit pestering me, and using my alias in a negative light. TIA.


Derf

investorshub.com

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Posted by: lindabruzzone
In reply to: fung_derf who wrote msg# 17910 Date:11/18/2003 4:21:57 PM
Post #of 18584

Dear Mr./Ms.Derf....

Thank you very much for your response. However, I was looking for an individual named Fung Derf WITH Fidelity...now, if you are NOT this person, then, I have no idea what your issue is. If you are this person, then why would you be upset that someone wished to speak with you for an unknown reason? I don't understand why someone would be so defensive over this, especially since you state you are not Fung Derf with Fidelity.

My only suggestion is that you speak with your associate, Janice Shell, and others, regarding this matter as she and they took it so very defensively that she and they felt they needed to background me and my entire family and publicly display that information.

She stated, right on this board, last night, that you were the reason she and others took this action.

Now, you wrote: "Now, I have told you numerous times that I am in no way "WITH" Fidelity, however, you choose to consider to attack, accuse and work towards shareholder manipulation!"

I am confused, are you saying that you have commited shareholder manipulation (intimidation) and you are concerned I am accusing YOU of this? Why would you feel that I have "attacked you?" Can you cite the specific posts that indicate you have been attacked in any way? I haven't accused you of anything. It has been quite the contrary.

Further you wrote:

"BTW, one more thing.....If you choose linda as your alias, then it no longer stands as just your real name, but also as your alias. Therefore, using it to address you is, in fact, proper internet protocol. Now, I have one more request of you, quit pestering me, and using my alias in a negative light. TIA."

You are mistaken in this. I have chosen Lindabruzzone. I use my real name on the internet as I have stated and as you clearly know and others clearly knew, therefore, using that name to "background me" and my family. This is, again, due notice that it is my REAL name.

Clearly, there is concern about defamation and the use of real names and aliases and I am extremely pleased individuals are now getting caught up on caselaw regarding cyber defamation. And clearly, there is concern there may be shareholder manipulation through intimidation (now you're getting it) and harrassment techniques to include posting of personal fact upon public bulletin boards and a continuing pattern of that harassment.

Finally, to your last sentence...are you the only person who has the alias or the name fung derf and why would you feel it would be used in a negative light if one were to say that "Fung derf is associated with Fidelity." or if one were to say, "Fung derf is with Fidelity?" This is truly confusing.

I can only hope you don't get as upset and irate with your postman!

Thank you for your attention in this matter.

I remain,

Linda Bruzzone


investorshub.com

=====

Posted by: janice shell
In reply to: lindabruzzone who wrote msg# 17952 Date:11/18/2003 4:41:13 PM
Post #of 18584

I mean this in the nicest possible way, Linda, but you're thick as a plank.

However, I was looking for an individual named Fung Derf WITH Fidelity...now, if you are NOT this person, then, I have no idea what your issue is. If you are this person, then why would you be upset that someone wished to speak with you for an unknown reason? I don't understand why someone would be so defensive over this, especially since you state you are not Fung Derf with Fidelity.

btw, do you have any idea how irritating you are?

=====


Posted by: lindabruzzone
In reply to: janice shell who wrote msg# 17970 Date:11/18/2003 4:52:21 PM
Post #of 18584

Dear Ms. Shell,

Thank you very much for your clearly intended, nice way of insulting an individual.

I am very sorry you feel irritated when confronted on your actions of harassment and intimidation of others.

I realize you most likely felt irritated when you were sued numerous times before for the same exact actions and in fact, you are probably feeling the same irration with your current lawsuit, which AGAIN addresses the SAME pattern of actions.

One would think, by now, that one would consider ceasing actions of harassment and intimidation. However, it is clear that is something you choose not to do.

I do appreciate and thank you for your reasoning and admission of the harassment and intimidation.

I do have one question, however. Why do you feel such a compelling need to answer for everyone? In the beginning, you stated you harassed and intimidated because you didn't like people to ask questions about others (thus the reason you backgrounded me and put private fact into a public forum.)

You've answered for Huckleberry and AGAIN for Mr./Ms. Derf...why would you feel a need to speak for them? And why would you feel a need to harass and intimidate others especially when you are currently being sued for the same behavior.

Finally, you obviously feel in competition with me, stating you were a better investigator than I am. How many investigations have you REALLY done? Where and for whom? To be honest, I feel you are simply embellishing and continuing the pattern of insulting, harassing and intimidating individuals.

As well, I don't believe you have done any "scambusting" whatsoever and are even involved in that. I do believe you are engaged in harassing and intimidating others, however. I'd love to hear of the "scam busts" if they truly exist.

Please think about it and answer the specific questions.

Have a nice evening,

Linda Bruzzone

investorshub.com

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Posted by: janice shell
In reply to: lindabruzzone who wrote msg# 17984 Date:11/18/2003 6:05:46 PM
Post #of 18584

Sheesh.

I realize you most likely felt irritated when you were sued numerous times before for the same exact actions...

Yes, I was indeed irritated. But it was no biggie. Both of the companies in question were outrageous scams, and have since been dealt with by the SEC. Currently, people associated with both are facing criminal prosecution. One is in jail.

...and in fact, you are probably feeling the same irration with your current lawsuit, which AGAIN addresses the SAME pattern of actions.

Actually it doesn't. As usual, you have no idea what you're talking about.

Why do you feel such a compelling need to answer for everyone?

You don't have much experience with message boards, do you, Linda? People frequently reply to posts not addressed to them. Just read back on this thread and you'll see.

How many investigations have you REALLY done?

Dozens. And nearly all of the companies in question ended up in trouble with the SEC, or worse. NONE has ever proved to be a good investment.

As well, I don't believe you have done any "scambusting" whatsoever and are even involved in that.

Then I suggest you read the articles that have been written about me, and dip into the more than 100,000 posts I've written over the last six years. I'm gettting the feeling that you don't "believe" anything that doesn't suit your agenda.

investorshub.com

=====

Posted by: lindabruzzone
In reply to: janice shell who wrote msg# 18051 Date:11/20/2003 8:55:47 PM
Post #of 18584

Janice, you claim you have done dozens of investigations...the only one I know of is preparing documents for someone mentioned in a Chicago lawsuit (online, Chicago paper) and receiving $5,000 for organizing posts for that particular lawsuit.

I hardly consider 100,000 postings on the internet performing investigations. Besides that one individual, have you ever had other clients? Has anyone paid you to testify with expert testimony in court? Just how are you an expert as an investigator? Do you have law enforcement experience as an investigator? Are you licensed as an investigator? Do you work for someone who is licensed?

What company? And, have you disclosed in any of the 100,000 posts regarding companies, for whom you have worked?

I've answered the questions you and others demanded and please note, I have given you the courtesy that wasn't given to me, to allow you to answer before making allegations of 17b violations.

Just how many clients do you currently have? And on how many boards have you posted for those clients for whom you have performed dozens of investigations?

Thank you,
Linda Bruzzone


"How many investigations have you REALLY done?

Dozens. And nearly all of the companies in question ended up in trouble with the SEC, or worse. NONE has ever proved to be a good investment.

As well, I don't believe you have done any "scambusting" whatsoever and are even involved in that.

Then I suggest you read the articles that have been written about me, and dip into the more than 100,000 posts I've written over the last six years. I'm gettting the feeling that you don't "believe" anything that doesn't suit your agenda."

investorshub.com

=====

Posted by: kkgd
In reply to: lindabruzzone who wrote msg# 18408 Date:11/20/2003 9:00:57 PM
Post #of 18583

linda, who gives a crap who has investigated what? do you have something to say about pcbm, the scam?

investorshub.com

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Posted by: lindabruzzone
In reply to: kkgd who wrote msg# 18409 Date:11/20/2003 9:08:12 PM
Post #of 18583

It does matter. JaniceShell has been online professing an expertise and a background as an investigator to investors...

She has claimed to have performed dozens of investigations resulting in SEC violations and alluded that she has worked WITH the SEC and other agencies...and I feel it is pertinent to ask for WHOM these investigations have been completed and why she is on bulletin boards of securities in which she does not hold an interest.

As well, there are other issues. Afterall, everyday investors frequent those boards and if there is something that isn't honest or fraudulent, or something stated to manipulate the market...then, that is very much an issue.

Thank you kkgd...

Linda Bruzzone

investorshub.com

=====

Posted by: Tommy_Hicks
In reply to: lindabruzzone who wrote msg# 18413 Date:11/22/2003 2:57:58 AM
Post #of 18583

You don't get around much...do you?

Janice Shell has forgotten more about penny scams that you'll ever know.

Amazon Natural Treasures ..AZNT....sued by the company...

Message 10335013


The truth about the company...judgments against the ceo of AZNT....

sec.gov

Michael Sylver now faces criminal charges in Nevada concerning Amazon Natural Treasures....

Hittsgalore......

Sued by the company

Hitsgalore.com, Inc. (OTC BB:HITT - news) today announced that it has filed a Complaint against one identified and five anonymous Internet posters for Libel, Tortious Interference With Business Relations and Civil Conspiracy in the United States District Court for the Middle District of Florida. The Complaint, entitled Hitsgalore.com, Inc. v. Janice Shell, et al., Case No. 99-1387-CIV-T-26C, seeks damages in excess of Twenty Million Dollars ($20,000,000.00). The Complaint names Janice Shell,


geocities.com

The truth about Hitsgalorie......

findarticles.com

investorshub.com

=====

Posted by: lindabruzzone
In reply to: Tommy_Hicks who wrote msg# 18463 Date: 11/23/2003 12:58:21 AM
Post # of 18581

Tommy,

Thank you very much for your response. I am aware of the 1999 lawsuits against her, as well as those in years passed. I am also aware of the FBI intervention after setting up a fraudulent company in 1999, as well.

What I don't see is a history of any Nasdaq license or an investigations license, let alone any law enforcement history or employment with an investigator. I believe virtually every state in the United States requires one to perform investigations.

I seriously doubt that posting over 100,000 posts on a public bulletin board qualifies one to be an investigator. LOL

To be called an "amateur investigator" is like to refer to a police officer as an "amateur police officer" or a doctor as an "amateur doctor."

When a person recognizes a crime may exist, one reports crime. Security guards observe and report crime. Investigators investigation situations without a bias and there is clearly a bias as she has publicly stated she has difficulty with those who hold a long position in a security.

I believe to go onto a public bulletin board, to bash a stock or bash a person, under the guise of being an investigator may be a market manipulation and it may be either intimidation of a shareholder or false information relied upon by a shareholder as being credible because of the credential presented.

Just how many investigations have you all performed together? I see in Marvin vs. Shell interrogatories, she does refer to herself as an investigator. Further, she has compared her level of expertise and ability, publicly, to mine and has made public comments about my ability to perform my work without actual knowledge of me or my abilities. I believe this to be defamation.

Nonetheless, I have left messages for her attorneys and I am certain it will be resolved with some legal intervention and her CVs that give her the expertise to determine the quality of work a licensed investigator performs.

Thanks,
Linda Bruzzone

=====

Posted by: Susie924
In reply to: lindabruzzone who wrote msg# 18468 Date:11/23/2003 1:00:35 AM
Post #of 18592

Linda,
Why PCBM?
What in the world (or who) has brought you to this particular stock board?
Inquiring minds want to know.

investorshub.com

=====

Posted by: lindabruzzone
In reply to: Susie924 who wrote msg# 18469 Date:11/23/2003 1:11:45 AM
Post #of 18593

Susie, first could you answer why you choose to bash individuals who have been incredibly victimized such as those who invested in PCBM...and to take that even further, why bash a number of securities on these boards and on Raging Bull? You certainly can't be doing it because it's "a scam," because then, you may have some level of consciousness higher than what is indicated by the posts to those poor people who have been incredibly damaged.

It is a profession? Is there some sort of joy felt from the rudeness and cruelty toward others?

And why, does it seem that there are so very few people on this entire site and on SI, as well?

Is your purpose to tear down the Raging Bull Board and bring subscribers here? Is your purpose to bring up the number of posts for this site in the event they choose to go public?

What is the purpose? And why would you harm individuals in the manner you do...is there compensation? What specifically do you get from it? You have to get something to do it day in and day out?

Or are you simply just one name, a figment of someone's imagination or perhaps a foreign individual outsourced in another country to "bash." Just what is it?

investorshub.com

=====

Posted by: Susie924
In reply to: lindabruzzone who wrote msg# 18471 Date:11/23/2003 1:19:56 AM
Post #of 18593

Don't you just love people who answer a question with another question!!!!
Linda,
You said:
Susie, first could you answer why you choose to bash individuals who have been incredibly victimized such as those who invested in PCBM
Well now, I guess I would be one of those victims wouldn't I?

Your posts are a little too long to read but I guess the gist of what you are asking me is why am I here?
I am here because I foolishly bought PCBM thinking that the price would spike on the All Pro spinoff like it did on the Summit dividend. Oh wait, you wouldn't know anything about any of this would you??? Or would you???
I had made some nice money when I sold PCBM when it spiked at the time of the Summit spinoff but then I got greedy. Greed is such a bad thing. I gambled on another pop and the SEC came in and instead of a pop I got a fizzle.
I don't consider myself a basher. I am just stuck in a loser of a stock and I find it humorous that there are actually people who think that they will make a profit here.
If that's being a basher, then so be it.
Now back to my question to you....
What or who brought you specifically to the PCBM board????
I won't hold my breath waiting for an answer because it seems that you don't like to be questioned.
Ta ta Linda!

investorshub.com

=====

Posted by: janice shell
In reply to: lindabruzzone who wrote msg# 18468 Date:11/24/2003 1:30:46 AM
Post #of 18594

Sorry, Linda. I was never involved in litigation prior to the April Fool's Day incident.

I am aware of the 1999 lawsuits against her, as well as those in years passed.

As for this:

I am also aware of the FBI intervention after setting up a fraudulent company in 1999, as well.

There was no company, and so no fraud. For an investigator, you're remarkably disingenuous. If you'd read all the articles about Webnode, you'd know that everyone was aware from the outset that it was an April Fool's joke. Are you aware of the one the SEC pulled last year? Do a Google search for "McWhortle".

Yes, the idiots at Bizwire called the FBI. An agent called Jeff Mitchell, who explained. The agent laughed and said "I don't have time for this kinda shit", and that was the last anyone heard from him.

You really need to get a better grip on facts, all round.

investorshub.com

=====

Posted by: IH Admin [Matt]
In reply to: lindabruzzone who wrote msg# 18471 Date:11/24/2003 1:42:43 AM
Post #of 18595

Linda,

I understand you are a private investigator.

We share something in common. We are both Gucci-wearing professionals.

I'm a board-certified psychiatrist.

Would you like to know my diagnosis of your posts and private messages?


investorshub.com

=====

Posted by: lindabruzzone
In reply to: IH Admin [Matt] who wrote msg# 18502 Date:11/24/2003 3:38:01 AM
Post #of 18595

LOL...Matt. With what board, the parole board? Now, if you were to state you had been an assistant physical therapist in the past, I might buy that...

We do have something in common, however it isn't wearing
Gucci....

Matt, can you explain why SI doesn't have a business license in Missouri and why Infospace hasn't put out any press releases about the change in assets? Shouldn't that have been reflected in a quarterly report?

Best to you,
Linda

P.S........

Sunday, June 17, 2001, updated at 11:31AM

Whiz kid taking stock with Web site

From the bedroom of his rural home, Matt Brown, 18, works on building InvestorsHub.com, a financial website that contains research and chat rooms on many OTC "Bulletin Board" stocks, data severely lacking amongst his larger competitors such as Yahoo! and Silicon Investor. Brown hopes to license the community to a larger web entity.
Photo by Phil Sears/Tallahassee Democrat
By Juana Jordan
DEMOCRAT STAFF WRITER
MATT BROWN

investorshub.com

=====

Posted by: lindabruzzone
In reply to: IH Admin [Matt] who wrote msg# 18502 Date:11/24/2003 4:51:14 AM
Post #of 18595

Okay, now that we have that settled, what is this master plan in dealing with the competition, not only with your company but with your clients?

Just how does that fit with Raging Bowl, Yahoo and some of your clients' competition? What does it have to do with small companies and federal contracts?

How much do you charge for touting or bashing? By the way, Susie, Fung Derf, Churak and others deserve a raise. Holy cow, the posts they have submitted on 22 different boards! Must be over 400 a day each, for thousands each day!

How come most of Raging Bull's bashers are sponsoring some of your boards? Why are you advertising on the Raging Bull bulletin boards for subscribers and telling people it is a hassle free site, without bashers?

Why are you allowing individuals to violate privacy laws and copyright laws?

And how did you manage to complete four years of college, three years of med school, a residency, an internship and gain board certification to be a psychiatrist by the grand old age of twenty?

Why do you have a photo of MM Mary in your office?

I think you speak with forked tongue...and that tongue would leave your Christian High School principal mortified!

Inquiring minds wish to know.

Best to you,
Linda Bruzzone

investorshub.com

=====

Posted by: fung_derf
In reply to: lindabruzzone who wrote msg# 18507 Date:11/24/2003 10:04:40 AM
Post #of 18595

Linda, Please provide the name of your attorney so I may proceed in a lawsuit against you. I am sick and tired of your making false accusations against me, and unless you can show proof that I am (A)paid to post and (B)in any way financially compensated to post negatively regarding a stock, then I urge you to cease immediately in these claims. You have continually made libelous statements and harassed me with undue cause.
I am in process of having "Fung_Derf" trademarked, and your attempt at discrediting this name will cause me great financial stress. TIA.

Derf

investorshub.com

=====

Posted by: IH Admin [Matt]
In reply to: lindabruzzone who wrote msg# 18507 Date:11/24/2003 10:22:49 AM
Post #of 18596

I probably shouldn't dance with you, but this board is a friggin circus and you are a total whack job, so, let's tango.

>>Matt, can you explain why SI doesn't have a business license in Missouri

No idea. Remind me again how your psyche relates to a business license of a non-related company?

>>and why Infospace hasn't put out any press releases about the change in assets? Shouldn't that have been reflected in a quarterly report?

I don't know, I'm but a mere message board lackey. How could I possibly know anything about the law, or stocks, or reading filings? That's your job. Did you not get your check on the 15th?

>>Okay, now that we have that settled, what is this master plan in dealing with the competition, not only with your company but with your clients?

What are you talking about? Competition with my company and clients?

>>Just how does that fit with Raging Bowl, Yahoo and some of your clients' competition? What does it have to do with small companies and federal contracts?

My clients' competition? Federal contracts? What's the approximate length of your bong?

>>How much do you charge for touting or bashing? By the way, Susie, Fung Derf, Churak and others deserve a raise. Holy cow, the posts they have submitted on 22 different boards! Must be over 400 a day each, for thousands each day!

In the early days of iHub, you could buy me off cheap. However, we have quite the powerhouse these days. I mean, add a non-licensed business to my network like SI, and I'm THE source for your bashing and touting needs. I'll only discuss my rates over the phone.

>>Why are you allowing individuals to violate privacy laws and copyright laws?

Why are you violating my privacy, digging up very private articles that nobody has ever Googled or read before? I'm shocked and awed at your behavior!

>>Why do you have a photo of MM Mary in your office?

You should see the recent one I added of you. Nice cherry wood frame. I like to be reminded of the reasons I do what I do.

Dr. M

investorshub.com

https://www.siliconinvestor.com/readmsg.aspx?msgid=19532869

[fung_derf]

Almost a truth from Willie Wizard....

help me Member Level Wednesday, 07/25/18 11:09:23 PM
Re: 4profit1 post# 350569 0
Post # of 350576



That was before my time. Andy Hill talked me into contacting Melvin. At that time I was making questionable posts at RB stirring the pot. It took a lot of Melvin convincing me and I bought in June of 2004. I was invited to a race in Colorado by UC. I went with Frank. I was very skeptical why UC invited me. It turned out a complete dud with expectations shattered. I liked UC by first impressions. Especially his going to poor kids places before the race. From here on you know the story.


Let me make one thing clear I didn't meet Tref until he showed up at my paltakroom bashing Urban around 2007. I had no clue who Jensen was but Tref was his attorney. Now that a fact.


Yes Tref loaned me $12,000 with a two year verbal note. He wanted me in safe pay one of Jensen's deal. He was still Jensen's atty at that time. $4K as to go to home bills I was in transition of dealerships that year. The rest towards making millions with sfpay. This as when Tref got Jensen on the phone. I as not happy at all I just lost borrowed money on my first Jensen scam. Tref called his note due in one year which was not are verbal agreement because he was broke Jensen fired him lol. He threatened to sue me on the boards and in emails but he was careful but his word sucked. I did participate in three Jensen paid deals via Tref then I told them both to not contact me but Jensen called on 2 deals Tref paid me and when I bought with my money I lost my money imagine that. I am still losing on a deal lined to Jensen.

Yes I had some wild times in Paltalk. And yes some of my members donated to help me with my SEC bills and keep afloat at home, seriously rough times. I allowed two assholes out of the room to audit my account and they saw others gave lager then normal amounts helping me. One of the assholes was oogie, I though we had become friends joining our rooms together.

Terf and his Al group went crazy with greed buying billions of deli shares. Tref only owned 100 million Jensen gave him. Tref's parents both passed and Tref was the exc, of their family estate. Tref took it upon himself to spend it all on Deli Shares, was upwards a million$$$. Part of the reasons he hooked up withal to get them so called bonified before the big payout. I always felt Tref got what was coming to him. Good reason he is rumored living in the Philippines.

Currently I am an investor in NHE. I follow all events in regards to CMKX so like real posts made here by a few. Many CMKXers are still stuck in the pump n dump that fooled 40,000 shareholders.

[fung_derf]

More timeline on CMKX....

4profit1 Wednesday, 07/25/18 09:55:04 PM
Re: None 0
Post # of 350575



Hal wrote I have good information that supports the theory that the
attorneys for both PCBM and CMKX performed a stock swap of nearly 20
billion shares as early as 2002

That's really bad information, Hal. When Urban contacted Turino in Vegas, they met in 1st Global, Helen Bagley's office. Turuno called Smurf and said he had someone interested in buying PCBM and his name was Urban Casavant.

Smurf and Jensen contacted Turino from Valinoti's Mandalay Stock Transfer office. Helen had worked there and Valinoti wanted to sell it to her. Edwards was there with his brief case lying on a chair, he always carried. Smurf looked inside, it was full of certs. Smurf suggested to Turino, he and Jensen become consultants for $6,000 a month. Turino agreed. For a few months they got cash but then compensation turned mostly into issued shares.

Turino sent Urban a MUI, mutual understanding of intent, between PCBM and CMKM during the due diligence period, signed by Bruce Hall. The SEC was chasing Turino so they canned that idea and Edwards and Turino came into CMKM (without PCBM) Known as the Las Vegas Group. They made the con from Canada, Urban Casavant the face of CMKM.

Bruce Haralan told a lot of people there was a stock swap, merger between PCBM and CMKI, but it never happened. Edwards owned the Cyber Mark shell anway, from Sept 2001.

[fung_derf]

Here's a threat from Kyle Ramsey worth keeping....

Posted by: gaboo
In reply to: fung_derf who wrote msg# 350212
Date:6/5/2018 3:09:27 PM
Post #350214 of 350218


Comrade...

Years of insults yrs of invasion, your day is coming
If you only knew who the real guru is...

But you don't....and that says alot about who you are!

[fung_derf]

Business Day Elgindy story

The Many Faces Of Amr I. Elgindy


By DAVID BARBOZA and ALEX BERENSONJUNE 8, 2002


Correction Appended

The faces that Amr Ibrahim Elgindy offered the world were as different as the names he used.

To the investors who paid him hundreds of dollars a month for stock tips that were often uncannily accurate, Mr. Elgindy was Anthony Pacific.

To the Muslim refugees he brought from Kosovo to the United States, he was Tony Elgindy, a benefactor who provided cars, apartments and even cash -- and asked for little in return.

But to the regulators and prosecutors who chased him throughout the 1990's, he was Amr I. Elgindy, a man they considered a liar and thief who avoided prison mainly because of his willingness to turn in co-conspirators in stock frauds.





Now Mr. Elgindy is moving from a San Diego jail to one in Brooklyn, charged with running a stock manipulation ring that is said to have included two F.B.I. agents who tipped Mr. Elgindy to current criminal investigations. Meanwhile, the investigation is widening, as the authorities publicly question whether Mr. Elgindy, who is Muslim and was born in Egypt, had advance knowledge of the Sept. 11 attacks.

So far, evidence backing that suspicion is scant. Jeanne G. Knight, Mr. Elgindy's lawyer, said that he had done nothing wrong and that he had no prior knowledge of the Sept. 11 attacks. In an interview, Ms. Knight accused the government of a form of racial profiling for denying Mr. Elgindy bail in part because of Sept. 11.

Still, the arrest and the charges against Mr. Elgindy, 34, have put him in the public eye and on the edge of ruin. He has been both places before.

Over the last decade, Mr. Elgindy chiseled a small fortune out of the often sleazy world of penny stocks, the shares of tiny companies that can double in a day and fall just as fast on waves of rumor and speculation. Along the way, he played off the fringe brokerage firms that pump penny stocks up against the short sellers who try to take them down, and he became a source of tips for both regulators and journalists.

''He always had an in with somebody,'' said Stuart R. Allen, a former investigator with the Securities and Exchange Commission. ''If it wasn't the authorities, it was the press.''

In the backwaters of the securities industry, where brokers can look more like bouncers and criminal records are common, the battles between long sellers and short sellers can be vicious and personal.

Mr. Elgindy seemed to thrive on the tension. On ABC's ''20/20'' five years ago, he said with relish that he carried a handgun and had ''received a bullet in the mail, a bullet with my name on it.''

''Three-hundred-pound guys walking into an office beating you up, making you do this, do this,'' he said. ''It's happening. It's happening on Wall Street. That's not going to happen to me.''

As his fortune grew, Mr. Elgindy acquired the trappings of wealth, including a Ferrari, a Bentley and a Hummer. Last year, he moved with his wife and three young sons into a $3 million house in the wealthy northern suburbs of San Diego.

But the money apparently did not change Mr. Elgindy's behavior. His own lawyers have called him ''edgy'' and ''intimidating.'' Several neighbors recalled being irritated by his speeding along the narrow, hilly streets near his new home.

''It was obvious he had achieved a certain level of success,'' said one neighbor, Rick Engebretsen. ''You'd think a certain amount of maturity would come along with that. But it didn't as far as I could tell.''

Mr. Engebretsen watched one day last month as F.B.I. agents stormed Mr. Elgindy's mansion.

''He seemed squirrelly, wiry. On the surface level he was O.K., but my wife and I had a terrible feeling about him,'' Mr. Engebretsen said. ''Was I surprised that I saw his house raided? No, I wasn't. I'd thought he was going to come out of there in a body bag or a raid.''

Before the million-dollar homes and flashy cars, Mr. Elgindy was struggling to make his mark in a new world after his family moved from Egypt to the suburbs of Chicago when he was 2 or 3.

From an early age, he had trouble living up to the high expectations his family set, he told friends. His father was a professor, his mother was a pediatrician; his two brothers went on to earn advanced degrees, and a sister became a teacher. His own path, he conceded, was more tortured.

He dropped out of high school and got an equivalency degree in 1985. He enrolled at the University of Southern California to study biomedical engineering and later studied biology at San Diego State, but he completed less than two years of course work, university records show.

Trouble found him early. In 1986, at 18, he was arrested for assault with a deadly weapon in Los Angeles; the charges were later dropped. He worked as an auto salesman at three different Chevrolet dealerships within a year before entering the murky world of buying and selling penny stocks.

His résumé includes some of the most notorious brokerage firms in the industry, the ''pump and dump'' shops that had long histories of manipulating stock prices and leaving investors out in the cold. Among these firms he joined, now defunct, was Blinder Robinson, nicknamed ''Blind 'em and Rob 'em.''

Mr. Elgindy later confessed to the authorities that he and brokers at another firm had accepted bribes from stock promoters seeking to manipulate shares. According to court records, in 1995 he was granted immunity in exchange for information about the scheme.

With his cooperation, federal prosecutors won convictions against four people on tax evasion charges. That was the beginning of Mr. Elgindy's life as a government informant, documents show. At a time when Wall Street was overrun by penny stock fraud and even the influence of organized crime, he helped government agents navigate the terrain. In court, the government has acknowledged that his tips were valuable.

Mr. Elgindy, who moved to Texas in 1994 to run his own brokerage firm, liked to boast about how he began wearing a wire. He also started carrying a gun, a small .380 Colt, because he had been repeatedly threatened, he said. When reporters visited his home, he would play tapes of secretly recorded conversations and show off his gun collection.

By the late 1990's, Mr. Elgindy had repackaged himself as a short seller who blew the whistle on crooked companies and wise guys. He was mentioned in a 1997 Business Week article about corrupt brokers. He was also written up in Wired magazine and featured on the Discovery Channel program ''Justice Files.''

Though many journalists were suspicious of Mr. Elgindy's motives, his information was often useful and provocative to them.

Bill Alpert, a longtime reporter at Barron's, the financial weekly in New York, remembers visiting Mr. Elgindy in 1996 at his home in Fort Worth and seeing stacks of cassette recordings he had made with people from the underbelly of Wall Street.

By then, Mr. Elgindy was driving a Ferrari and living comfortably in a home decorated with statues on columns, draped in velvet.

''Everyone in his family was accomplished, an achiever, and he'd gone astray,'' Mr. Alpert said. ''But by helping the government and helping get swindlers, this would help redeem him.''

When stock trading moved to the Internet and day trading became a fad, he moved his soapbox to the Web. On popular sites like Silicon Investor, an online stock forum, he plied his trade with great bravado.

He later set up a Web site and sold tips for a $600-a-month subscription fee. Few complained about the price.

''Most of the people on that site were doing 20 to 30k a week -- what's 600 bucks/mo.,'' one fan, who called himself Tool Dude, wrote in a recent post on the Silicon Investor site.

As early as 1997, though, Mr. Elgindy began to run into legal troubles. He had worked briefly for Bear Stearns in 1994 and later lost a civil suit over his firing by that firm. He was also sued by the insurance company MassMutual, which accused him of fraud for accepting disability checks worth $7,500 a month in 1994 for unemployment attributed to ''emotional stress'' even though he was employed at Bear, Stearns and another brokerage firm at that time.

That case was referred to the Justice Department and in 1999, while living in San Diego, he was indicted by a federal grand jury in Texas. He pleaded guilty to insurance fraud and was sentenced to four months in a California prison.

When he was released in October 2000, Mr. Elgindy resumed his position as a prominent short seller on the Internet. He also began assisting the government in investigating cyberspace scams, he said.

At a probation hearing last January, his lawyer told the judge that Mr. Elgindy was a good citizen who had traveled to Kosovo and helped resettle refugees in the United States.

His case was supported by a letter from Jeffrey A. Royer, an F.B.I. agent in Gallup, N.M., who said that Mr. Elgindy had ''gone above and beyond to assist law enforcement and civil regulatory agencies in combating fraudulent activities.''

The F.B.I. now says the letter, which was undated and not on official letterhead, is suspect. ''It is highly unlikely that as an agent Royer worked on any significant white-collar cases in Gallup,'' said H. Douglas Beldon, an F.B.I. spokesman.

Indeed, by the time of that letter, the Justice Department had opened an investigation into Mr. Elgindy's activities. After Sept. 11, the government said, a Wall Street broker told federal officials that Mr. Elgindy had tried to sell $300,000 in stock in anticipation of a market plunge. He placed his order on Sept. 10.

As part of that inquiry, the government said it uncovered a broader plot that involved Mr. Royer, who had left the F.B.I. in December to work for Mr. Elgindy.

In a 33-page indictment handed up over two weeks ago, the government portrayed Mr. Elgindy as a con man's con man. For the last two years, the government contends, Mr. Elgindy led a double life: He told people he was helping the government uncover stock market manipulation, but instead, the indictment charges, he was bribing F.B.I. agents to supply him with information to commit his own frauds.

Mr. Elgindy and four others, including Mr. Royer and another F.B.I. agent, were charged with obstruction of justice and securities fraud. They have all pleaded not guilty. Mr. Elgindy's lawyer, Ms. Knight, declined to comment except to accuse the government of using a ''race based'' notion to deny Mr. Elgindy bail.

Mr. Elgindy's Web sites have gone dark; his tip sheets are blank. But questions remain: Was he really tipped off to Sept. 11? Or is the government trying to get back at a longtime informant who proved untrustworthy?

Some people who know Mr. Elgindy best say that if he was tipped off, he would not have simply pulled his money out of the market, he would have taken out a big bet that the Dow Jones industrial average would fall.

''Tony was too damn selfish to be involved in anything that wouldn't turn into a buck in his pocket,'' said Richard Edward Hill, a lawyer in Texas who once represented Mr. Elgindy. ''Tony is a smart guy, very intelligent, very gifted. But he didn't seem to have a lot of guidance.''

https://www.nytimes.com/2002/06/08/business/the-many-faces-of-amr-i-elgindy.html

[fung_derf]

4profit1 Friday, 05/25/18 12:11:56 PM
Re: None 0
Post # of 350153



About Surfit, I guess it can be told since Turino. Edwards, Casavant are all deceased now without trial and he won't be a witness for the remaining 3 defendants.

Jeff Turino taught Urban Casavant how to do everything. They spent a lotta of time together.. until they became competitors. Urban got too big for his britches, with ideas of his own. Financially in trouble with bad people, to try to cover up he was stealing from Turino and Edwards. Am sure everyone knows Urban used CMKM as if it was his own personal money, bank account.

Like Blowing out the float or also called poke a hole. Supposedly retiring shares, while really dumping them back in the market. Edwards, Turino etc would know when the next false press release was coming out to generate the pump and have a scheduled amount to dump. Casavant would sit on the bid for 3 days with huge amount of shares, trying to screw them up. They would miss their mark. Urban would release the pr and be first out of the gate to dump on any upswing in pps. Somethings like that. His incessant need to be the big man.

Turino,Edwards and Casavant began to not trust each other and were spying on each other. They all without each other's knowledge went to surfit. He became "consultant" for all 3, at the same time. which gave him an extraordinary amount of info about all 3. Plus Helen Bagley and others also. It was pretty risky and of course there was something in it for him too.

In the mounds of depositions SEC took, they learned more proven info from him. Washington D,C. SEC came in after Leslie, re-depo'd a few of hers and subpoena'd way more people based on info Leslie secured, including surfit again. He had a lotta info there too about Harlan, Visso etc.

Bruce Harlan sat for 5 depositions. He turned the SEC and DOJ focus 360 defrees totally on Vissokovsky and Turino, toward the Enterprise RICO charges. Totally away from Edwards. Bcuz Harlan knew there was bigger bang there, against him being charged. As being 20 year attorney for Turino, Edwards and Vissokovsky.

Harlan even told them he went to visit Edwards' wife and Edwards came home. Edward's asked if Harlan was going to throw him under the bus? Harlan said no, they were friends. The thing is, Harlan did not speak much to them about Edwards, other than making that comment in his 3 depo's with D.C. agents. Those things in tandem with the volunteer criminal informant (not surfit) told a huge story and international involvement.

Harlan would say, hey, it's funny, I got Armani suits blah blah...Totally oblivious that no one thought it was funny or would, especially shareholders. He kept saying It's Funny..and say something awful, horrendous. He's a real piece of work and not funny at all

[fung_derf]

"purportedly" pay to Steve Kirkpatrick....

[fung_derf]

A busy decade for Vince Locastro.....

Something Funky Monkey going on with LoCastro here:

Vincent z LoCastro Past Questioned By
Readers; Patch Responds


LoCastro is a site developer for EZ Auto Sales, which hopes to open in Baldwin Township.
By Robert Edward Healy, III, Patch Staff | Dec 13, 2011 8:25 pm ET | Updated Jan 6, 2012 3:53 pm ET


The Baldwin Township Board of Commissioners held pertaining to conditional use and land use applications filed on behalf of EZ Auto Sales to run a motor vehicle sales agency at 514 McNeilly Road.

No decision was reached on the matter that night. The board closed the hearing and reserved the right to review the exhibits and render a decision at its regular meetings on Dec. 19 and/or Jan. 3 or 30.

solicitor Tom McDermott explained that the applications were filed by Vincent LoCastro as agent and site developer for EZ Auto Sales. EZ Auto Sales is a used motor vehicle business selling cars and small trucks. It is the sublessee of 514 McNeilly, a property held in a lease between the property owner and a revocable trust.

LoCastro's involvement with EZ Auto Sales sparked a number of comments on this website related to his history in the courts system.

In the interest of establishing an accurate record, the Baldwin-Whitehall Patch utilized the Pennsylvania Unified Judicial System's Web Portal to find the following information:

In 2002, LoCastro was charged with two counts of tampering with public records or information, two counts of making a false application for a title registration, 60 counts of engaging in unprofessional or incompetent conduct and one count of willful use of a dealer identification number. He pled guilty to nine of those counts of engaging in unprofessional or incompetent conduct and was fined approximately $1,000 for each of them. The other charges were dismissed.

In 2007, he was charged with 10 counts of theft by failure to make a required disposition of funds received, two counts of failure to make an accurate odometer mileage statement, two counts of failure to retain an accurate odometer mileage statement, 144 counts of failure to deliver the application for a certificate of a vehicle title within 20 days of the date of purchase, 153 counts of miscellaneous violations of the rules and regulations of motor vehicle code, 144 counts of engaging in unprofessional or incompetent conduct and 144 counts of failure to pay taxes. LoCastro pled guilty to 25 of those counts of engaging in unprofessional or incompetent conduct and both of those counts of failure to make an accurate odometer mileage statement. For those, he was sentenced to 12 months of probation. The other charges were dismissed.

In 2008, he was charged with one count of making a false, fraudulent or incomplete insurance claim, one count of criminal attempt to make a theft by deception-false impression and one count of forgery. LoCastro pled guilty to the making a false, fraudulent or incomplete insurance claim charge, and was sentenced to community service and 18 months of probation. The other charges were dismissed.

In 2009, he was charged with one count of making a false or misleading statement for the purpose of obtaining credit, one count of theft by unlawful taking-moveable property, one count of theft by deception-false impression and one count of issuing bad checks. All of those charges were dismissed.

Also in 2009, he was charged with one count of theft by unlawful taking-moveable property and one count of criminal mischief-damage of property. Both of those charges were dismissed.

Also in 2009, he was charged with one count of theft by failure to make a required disposition of funds received, one count of tampering with public records or information, one count of making a false application for a title registration, 54 counts of failure to pay taxes, 54 counts of engaging in unprofessional or incompetent conduct and 393 counts of miscellaneous violations of the rules and regulations of motor vehicle code. LoCastro pled guilty to the tampering with public records or information and making a false application for a title registration charges and was sentenced to 23 months of probation. The other charges were dismissed.

Also in 2009, he was charged with 338 counts of failure to deliver the application for a certificate of a vehicle title within 20 days of the date of purchase, seven counts of assigning a blank certificate of a vehicle title and one count of failing to deliver a vehicle title. All of those charges were dismissed.

On a more major level, the Pittsburgh Post-Gazette reported that LoCastro was indicted by a federal grand jury in December 2009 and charged with nine counts of identity theft. The Post-Gazette then reported, in May 2011, that LoCastro would have to pay back nearly $550,000 taken through check kiting and identity theft and serve three years of probation, including half of that on house arrest.

https://patch.com/pennsylvania/baldwin-whitehall/background-on-vincent-locastro

[fung_derf]

Fung asked what happened to Mark Rice

From U.S Commodities Futures Trading Commission

July 7, 2011

Texas Federal Court Issues Order Freezing Assets of Mark Rice and His Houston Company, Financial Robotics

CFTC charges the defendants with forex solicitation fraud.
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Houston entered an order freezing the assets of Mark E. Rice of Sugar Land, Texas, and his company, Financial Robotics, Inc. (FinRob) of Houston, Texas. The order, entered by Judge Lee H. Rosenthal, also prohibits the destruction of books and records and appoints a temporary receiver. The judge ordered Rice and FinRob to appear in court on July 28, 2011 for a preliminary injunction hearing.

The order arises out of a CFTC civil complaint filed under seal on June 29, 2011 in the U.S. District Court for the Southern District of Texas. The complaint charges Rice and FinRob with fraudulently soliciting millions of dollars from at least one individual to trade off-exchange foreign currency (forex) through accounts that they managed. In their solicitations, the defendants allegedly falsely claimed that their investments were insured against loss. The defendants also falsely guaranteed the return of the principal amount invested, according to the complaint.

In its continuing litigation against the defendants, the CFTC seeks restitution, disgorgement of ill-gotten gains, a civil monetary penalty, and a permanent injunction against further violations of the federal commodities laws.

The CFTC thanks the National Futures Association, the British Virgin Islands Financial Services Commission, and the United Kingdom’s Financial Services Commission.

The Division of Enforcement staff members responsible for this case are Kevin S. Webb, Michelle S. Bougas, Heather Johnson, James H. Holl, III, Gretchen L. Lowe, and Vince McGonagle.

https://www.cftc.gov/PressRoom/PressReleases/pr6067-11


January 15, 2014

Federal Court in Texas Orders $1.5 Million in Sanctions against Defendant Mark E. Rice for Fraudulent Forex Scheme

Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Order requiring Defendant Mark E. Rice, of Sugar Land, Texas, to pay $827,000 in restitution and a $673,000 civil monetary penalty to settle CFTC charges related to fraudulent solicitation and misappropriation of customer funds to trade leveraged off-exchange foreign currency contracts (forex). The Consent Order of Permanent Injunction, entered on January 13, 2014, by Judge Lee H. Rosenthal of the U.S. District Court for the Southern District of Texas, also imposes permanent trading and registration bans against Rice and prohibits him from violating provisions of the Commodity Exchange Act, as charged.

The Consent Order stems from a CFTC Complaint filed on June 29, 2011, against Rice and Rice’s company, Financial Robotics, Inc. (see CFTC Press Release 6067-11).

The Order finds that, from June 2008, Rice operated a fraudulent scheme that solicited approximately $1.7 million from one individual to trade leveraged off-exchange forex contracts. According to the Order, Rice falsely told his customer, among other things, that his investment was “risk free” and insured against loss and that the return of his principal was guaranteed. The Order further finds that Rice misappropriated at least $576,000 of his customer’s funds by transferring the money to unrelated Rice-controlled companies and, thereafter, spending at least $404,000 of those funds for Rice’s personal and business expenses.


The CFTC’s litigation continues against Financial Robotics, Inc.

The CFTC thanks the National Futures Association, the British Virgin Islands Financial Services Commission, The Netherlands Authority for the Financial Markets, and the United Kingdom’s Financial Conduct Authority for their assistance.

CFTC Division of Enforcement staff members responsible for this case are Kevin S. Webb, Michelle S. Bougas, James H. Holl, III, and Gretchen L. Lowe.

* * * * * *

https://www.cftc.gov/PressRoom/PressReleases/pr6828-14

[pcjockey]

This board kind of your personal project? :)

[fung_derf]

Donald Stocklein gets fined and sanctioned for other stuff

https://www.sec.gov/litigation/admin/2016/33-10087.pdf

[fung_derf]

Ding dong the witch is dead?....maybe?

http://obits.dignitymemorial.com/dignity-memorial/obituary.aspx?n=Jeffrey-Turino&lc=1004&pid=185999597&uuid=ee3d8bae-eed0-4dff-9e81-c6a04a48d037



In Memory of
JEFFREY GEORGE TURINO
MAY 2, 1956 - JULY 2, 2017
OBITUARY

Arrangements under the direction of Affordable Cremation & Burial Service, Las Vegas, NV.
Send Flowers

[fung_derf]

I was wondering why this wasn't included in Turino's decision....

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20830 / December 15, 2008
SEC v. Pinnacle Business Management, Inc. et al., Civ. No. 8:02-CV-822-T-EAJ (M.D. Fla.)
SEC Seeks Contempt Against Jeffrey G. Turino for Violating Penny Stock Bar and Obtains Ex Parte Asset Freeze and Extension of Penny Stock Bar

The Commission announced today that, following an ex parte hearing held on December 4, 2008, Judge Elizabeth A. Kovachevich of the U.S. District Court for the Middle District of Florida issued an order directing Jeffrey G. Turino to show cause why the Court should not hold him in contempt for violating a five-year penny stock bar entered against him on December 5, 2003, as part of a settlement of an earlier Commission enforcement action. The penny stock bar prohibited Turino from participating in any penny stock offering. In the December 4th order, the Court finds that the Commission had made a sufficient and proper showing that Turino had violated this bar by participating in penny stock offerings of Biotech Medics, Inc., Equitable Mining Corp., Global Diamond Exchange, Inc., Grand Entertainment and Music, Inc. and OMDA Oil and Gas, Inc. The Commission had previously issued orders temporarily suspending the trading in the securities of two of these companies, Equitable Mining Corp. and Global Diamond Exchange.

The order directs Turino to show cause why the Court should not hold him in contempt, should not require him to disgorge the unlawful proceeds from selling shares obtained in penny stock offerings, and should not make him subject to a permanent penny stock bar. Further, the order freezes certain bank and brokerage accounts held or controlled by, or in the name of Melissa Spooner, Robert Leslie, Mountain Passages, Inc., Austin Funding, LLC and CRL Holdings, Inc. Finally, the order extends the penny stock bar against Turino pending a final hearing on the show cause order.


https://www.sec.gov/litigation/litreleases/2008/lr20830.htm

[fung_derf]

Jeff Turino comes clean.....sort of...

Man sentenced in Las Vegas for role in penny stock fraud scheme.

Former Pahrump businessman Jeffrey Turino was sentenced Monday to the six years he already has spent in custody for his role in a massive pump-and-dump scam that authorities once said generated as much as $70 million in criminal proceeds.

He also was ordered to pay $35 million in restitution.

The sentence comes two decades after Turino, 60, started conspiring to issue billions of unregistered one-cent-or-less shares in what the government describes as hollow corporate shells. It follows his guilty plea in August to a single count of conspiracy to commit securities fraud.

“First and foremost I would like to apologize … for my inability to make good decisions,” Turino, a bald man with a thick gray beard, said at his sentencing hearing before U.S. District Judge Jennifer Dorsey. “It’s no one’s fault but my own.”

COMPLEX FRAUD RING

Turino’s role in the penny stock fraud conspiracy lasted from 1997 until his arrest in the Netherlands in 2010. In pleading guilty, he admitted to his role in a complex fraud ring.

Through the scheme, he and others acquired companies, issued press releases that falsely represented the activities and profits of the companies, and used the phony promotional information to sell off hundreds of millions of unregistered shares.


When that cycle ran its course, Turino and others would reincarnate the companies with announcements of mergers and new business activities, and the process would start again. Several companies that drew investigators’ focus were incorporated in Southern Nevada.

In the plea deal his lawyers negotiated with federal prosecutors, Turino agreed to provide testimony against some of his alleged co-conspirators.

But the highly complex case has languished in federal court for nearly a decade. Two of the co-conspirators have died. One is a fugitive in Russia, and a prosecutor joked recently that his extradition is no more likely than that of NSA whistleblower Edward Snowden. Another’s health has declined to such a point that he is undergoing evaluations to determine whether he is fit to stand trial.

Assistant U.S. Attorney Kathryn Newman said Monday that Turino “has provided information that is useful” regarding the remaining defendants in the case.

The plea agreement allowed Turino to escape charges of racketeering, insider trading, money laundering and other stock fraud-related counts contained in a superseding indictment against him and nine others. It also eliminated his culpability in any crimes involving CMKM Diamonds Inc., a tiny company that represented the core focus of the federal investigation and resulting indictment.

CMKM DIAMONDS INC.

The government charges that the defendants in the case misrepresented CMKM as a profitable diamond mining company in order to induce investors while concealing its lack of any remarkable assets. The indictment included allegations that defendants illegally authorized the issuance of hundreds of billions of shares.

Defense attorney Kathleen Bliss wrote in her sentencing memorandum that Turino “did not manage or otherwise issue or cause to be issued any shares in CMKM. … He did, however, receive money from the sale of CMKM shares, approximately $4 million.”

Turino, in addressing the court, said one of his now-deceased co-defendants was “printing stacks of (securities) certificates” and selling them to investors.

“People were just simple victims of a scam,” he said.


Bliss blasted the government’s initial calculation of $70 million in criminal proceeds derived from the conspiracy.

“There is no way to prove $70 million in losses or even identify victims; this is the problem with most security fraud cases of this nature,” she wrote.

She also disagreed with the government’s description of Turino’s companies as hollow shells.

FAMILY FEUD

Bliss referenced two other people who she said made efforts to destroy Turino once he started cooperating with the government.
One of them is alleged co-conspirator John Edwards, the defendant whose health has been declining. Edwards described Turino as a “master mind fraudster” and sent a letter to court that accuses him of stealing “my discovery documents and all my legal work.”

The other is a former cellmate of Turino’s who is being detained in Nevada pending trial on charges of wire fraud and money laundering in an unrelated case. Jihad Anthony Zogheib has sent numerous letters to the court accusing Turino of kidnapping his wife, Donna Walker Zogheib. Walker Zogheib spoke at the sentencing hearing on Turino’s behalf and said she was in the process of annulling her marriage.

Walker Zogheib’s teenage children, meanwhile, defended their father in statements to the court Monday. They told the judge their mother had abused them and deserted them.

Judge Dorsey expressed sympathy for all parties involved, but said the family dispute was irrelevant to the facts of the case.
Acknowledging the judicial and prosecutorial resources Turino saved by admitting his guilt, Dorsey imposed a sentence of time served for the six years he was incarcerated before his conviction. The sentence was jointly requested by prosecutors and defense attorneys.
Dorsey also sentenced Turino to five years of supervised release.

[fung_derf]

Turino penalty finally

Department of Justice
U.S. Attorney’s Office
District of Nevada
FOR IMMEDIATE RELEASE
Monday, March 27, 2017
Pahrump Man Sentenced To Six Years For $35 Million Penny Stock Fraud Scheme

Las Vegas, Nev. – One of the members involved in a penny stock fraud conspiracy that defrauded investors of over $35 million was sentenced today to 72 months in prison, announced Acting U.S. Attorney Steven W. Myhre.



Jeffrey Turino, 60, of Pahrump, was charged in an indictment with conspiracy to commit securities fraud and securities fraud in connection with a penny stock fraud scheme.



On Aug. 22, 2016, Turino pleaded guilty to conspiracy to commit securities fraud. According to the plea agreement, beginning in about 1997 continuing until about March 2010, Turino conspired with others to fraudulently issue, offer, and sell stock issued by corporate shells which they controlled, including World Wide Cannery and Distribution, Global Diamond Exchange, Inc., Equitable Mining Corporation, ODMA Oil and Gas, Inc. and Grand Entertainment and Music, Inc. Additionally, Turino and conspirators engaged in deceptive practices and issued misleading press releases to promote these companies and to give the impression that they were actively engaged in the importation and sale of products, when in truth, the companies were hollow shells that did not engage in regular or substantial business activities, did not produce any goods, services, or profits, and did not commercially import products as promoted in their news releases. According to the plea agreement, Turino and his conspirators fraudulently induced investors to purchase billions of unregistered shares of stock in the companies, which the conspirators had deceptively issued without requisite restrictions and disclosures. Although these penny stocks typically traded for less than one cent per share, the billions of shares of stock that the conspirators offered and sold in the public market yielded proceeds of more than $35 million, which was divided and distributed among Turino and the other conspirators.



In addition to the prison incarceration, U.S. District Judge Jennifer Dorsey sentenced Turino to five years of supervised release and ordered him to pay $35 million in restitution.



The case was investigated by the FBI and IRS-Criminal Investigation; and prosecuted by Assistant U.S. Attorney Kathryn Newman.



###
USAO - Nevada
Topic:
Financial Fraud
Updated March 27, 201

[url]www.justice.gov/usao-nv/pr/pahrump-man-sentenced-six-years-35-million-penny-stock-fraud-scheme[/ur]

[fung_derf]

Edwards accuses Turino of stealing his stuff

[fung_derf]

Is this the day for Turino?

US DOJ Update - November 22, 2016

November 22, 2016 U.S. Department of Justice
District of Nevada
501 Las Vegas Blvd. South, Suite 1100
Las Vegas, NV 89101
Phone: [phone]
Fax: [phone]
Chris Oden

Re: United States v. Defendant(s) Jeffrey Turino
Case Number 2004R01639 and Court Docket Number 09-CR-00132
Dear :

The enclosed information is provided by the United States Department of Justice Victim Notification System (VNS). As a victim witness professional, my role is to assist you with information and services during the prosecution of this case. I am contacting you because you were identified by law enforcement as a victim during the investigation of the above criminal case.

The sentencing previously scheduled for defendant(s) Jeffrey Turino on November 28, 2016, 11:00 AM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 has been rescheduled by the court. VNS will continue to provide you with updated case scheduling and event information.

The defendant and his attorney requested additional time to prepare for sentencing and the Judge granted his request.

The sentencing hearing for defendant(s), Jeffrey Turino, has been set for January 4, 2017, 09:00 AM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 before Judge Jennifer Dorsey. You are welcome to attend this proceeding; however, unless you have received a subpoena, your attendance is not required by the Court. If you plan on attending, you may want to verify the date and time by using the VNS Call Center or website. If you are a victim of the charged offense(s) and wish to speak at sentencing, please call our office well in advance of the scheduled hearing date.

A United States Probation Officer prepares a report for the Court and may contact you to discuss the impact the crime had on you financially, physically, and/or emotionally. If you are contacted, please make every effort to provide accurate and detailed information.

Because of the Court's schedule, hearing dates could change on very short notice. If you plan on attending, you may want to call the VNS Call Center or check the website to confirm the date and time. Please note, there is a 24-hour delay in information transfer to the website.

Through the Victim Notification System (VNS) we will continue to provide you with updated scheduling and event information as the case proceeds through the criminal justice system. You may obtain current information about this case on the VNS website at www.notify.usdoj.gov or from the VNS Call Center at 1-866-DOJ-4YOU (1-866-365-4968) (TDD/TTY: 1-866-228-4619) (International: 1-502-213-2767). In addition, you may use the Call Center or Internet to update your contact information and/or change your decision about participation in the notification program.
You will use your Victim Identification Number (VIN) '' and Personal Identification Number (PIN) '' anytime you contact the Call Center and the first time you log into VNS on the website. If you are receiving notifications with multiple victim ID/PIN codes please contact the VNS Call Center. In addition, the first time you access the VNS website, you will be prompted to enter your last name (or business name) as currently contained in VNS. The name you should enter is .
Remember, VNS is an automated system and cannot answer questions. If you have other questions which involve this matter, please contact this office at the number listed above.

Sincerely,

Daniel G. Bogden
United States Attorney

[fung_derf]

Las Vegas article on Turino......

LAS VEGAS (KSNV News3LV) — One of the members of a penny stock fraud conspiracy that defrauded investors of over $35 million over a 13-year period, plead guilty this week to felony securities fraud charges.

U.S. Attorney Daniel G. Bogden for the District of Nevada said Jeffrey Turino, 60, pleaded guilty Aug. 22 to one count of conspiracy to commit securities fraud.

He faces up to 25 years in prison and a fine of up to $250,000, and is scheduled to be sentenced on Nov. 28 at 11 a.m. by U.S. District Judge Jennifer A. Dorsey.

Turino, who is in custody, has requested to be released pending sentencing, and a hearing on the matter is scheduled for today at 2:30 p.m.,

According to the plea agreement, beginning in about 1997 and continuing until about March 2010, Turino conspired with others to fraudulently issue, offer and sell stock issued by corporate shells which they controlled, including World Wide Cannery and Distribution, Global Diamond Exchange, Inc., Equitable Mining Corporation, ODMA Oil and Gas, Inc. and Grand Entertainment and Music, Inc.

Turino and the other conspirators engaged in deceptive practices and issued misleading press releases to promote these companies and to give the impression that they were actively engaged in the importation and sale of products, when in truth, the companies were hollow shells that did not engage in regular or substantial business activities, did not produce any goods, services, or profits, and did not commercially import products as promoted in their news releases.

Turino and other members of the conspiracy fraudulently induced investors to purchase billions of unregistered shares of stock in the companies, which the conspirators had deceptively issued without requisite restrictions and disclosures. Although these penny stocks typically traded for less than one cent per share, the billions of shares of stock that the conspirators offered and sold in the public marketyielded proceeds of more than $35 million, which was divided and distributed among Turino and the other conspirators.

Ten co-conspirators were originally charged in the case. Four are scheduled for trial beginning Nov. 15. Two pleaded guilty and are awaiting sentencing, one is a fugitive, and two more are deceased.

The case is being investigated by IRS Criminal Investigation and the FBI and prosecuted by Assistant U.S. Attorneys Kathryn C. Newman and Andrew W. Duncan.

news3lv.com/news/local/man-pleads-guilty-in-35m-penny-stock-fraud-case

[fung_derf]

Legal decision regarding Turino

WhiteNOC Tuesday, 08/23/16 08:52:30 PM
Re: None
Post #
347402
of 347404 Go
Turino Plea Agreement:


https://www.scribd.com/document/321993497/TURINO-PLEA-AGREEMENT

Highlight

Actual loss attributable to the conspiracy

$35,000,000

RESTITUTION

$35,000,0000


More to come with the rest of the Defendants.

[fung_derf]

Turino changes his plea to guilty.....


capten Sunday, 08/21/16 05:47:48 AM
Re: None
Post #
81807
of 81807 Go
not guilty to guilty

August 19, 2016 U.S. Department of Justice
District of Nevada
501 Las Vegas Blvd. South, Suite 1100
Las Vegas, NV 89101
Phone: [phone]
Fax: [phone]


Re: United States v. Defendant(s) Jeffrey Turino
Case Number 2004R01639 and Court Docket Number 09-CR-00132

Dear XXXXXXXXXX:

The enclosed information is provided by the United States Department of Justice Victim Notification System (VNS). As a victim witness professional, my role is to assist you with information and services during the prosecution of this case. I am contacting you because you were identified by law enforcement as a victim during the investigation of the above criminal case.

A pretrial motion(s) hearing has been scheduled for August 22, 2016, 01:30 PM at LV Courtroom 6D, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd South, Las Vegas, NV 89101 for defendant(s) Jeffrey Turino before Judge Jennifer Dorsey. The purpose of this hearing is to clarify any outstanding issues prior to trial. This hearing is due to the defendant filing a motion to reopen the detention hearing. This hearing is going to be held at the same time the defendant changes his plea from not guilty to guilty.

Because of the Court's schedule, hearing dates could change on very short notice. If you plan on attending, you may want to call the VNS Call Center or check the website to confirm the date and time. Please note, there is a 24-hour delay in information transfer to the website.

Through the Victim Notification System (VNS) we will continue to provide you with updated scheduling and event information as the case proceeds through the criminal justice system. You may obtain current information about this case on the VNS website at www.notify.usdoj.gov or from the VNS Call Center at 1-866-DOJ-4YOU (1-866-365-4968) (TDD/TTY: 1-866-228-4619) (International: 1-502-213-2767). In addition, you may use the Call Center or Internet to update your contact information and/or change your decision about participation in the notification program.

You will use your Victim Identification Number (VIN) 'XXXXXXX' and Personal Identification Number (PIN) 'XXXX' anytime you contact the Call Center and the first time you log into VNS on the website. If you are receiving notifications with multiple victim ID/PIN codes please contact the VNS Call Center. In addition, the first time you access the VNS website, you will be prompted to enter your last name (or business name) as currently contained in VNS. The name you should enter is Free.

Remember, VNS is an automated system and cannot answer questions. If you have other questions which involve this matter, please contact this office at the number listed above.

Sincerely,

Daniel G. Bogden
United States Attorney

Debra Waite
Victim Witness Specialist

[fung_derf]

CMKM defendant Turino to plead guilty

by Mike Caswell

Jeffrey Turino, one of two people in jail awaiting trial in Nevada for the CMKM Diamonds Inc. fraud, has reached an agreement in which he will plead guilty. The government claims that Mr. Turino was one of the sellers of CMKM during the $60-million scheme to tout the company in 2004. (All figures are in U.S. dollars.) He routed billions of shares through associates and nominees in Florida, according to prosecutors.

Mr. Turino's plea agreement is not yet finalized, but the judge has scheduled him to enter a guilty plea at a hearing on Aug. 22, 2016. As part of the agreement, prosecutors are expected to recommend a sentence of six years. Mr. Turino has already been in custody since September, 2010, which means that he will very likely go free after his sentencing.

His plea comes as the trial, which was to begin this week, has been delayed again. Of the 10 originally charged for the fraud, there are five remaining defendants (and assuming Mr. Turino pleads guilty, there will be just four). Among them is one of the scheme's masterminds, U.K. citizen John Edwards. Part of the reason for the delay is that Mr. Edwards is undergoing yet another psychiatric evaluation to determine his fitness for trial.

More.......

www.stockwatch.com

[fung_derf]

HopScotch2 Member Level Friday, 07/22/16 06:02:55 PM
Re: tfant53 post# 347348
Post #
347380
of 347386 Go
Interesting ties between CMKX Diamonds and Richard Astrom.


Capital Solutions I Inc (CSON) - Richard Astrom and Christopher Astrom along with Braulio Gutierrrez and his wife, Patricia Gutierrez, purchased this Issuer from Peter Porath and Michael Schumacher for $350,000 on August 27, 2001. NevWest Securities Corp received a small payment in shares for their part in arranging the acquisition. NevWest Securities Corp was a Las Vegas based brokerage firm that shut down in 2008 after multiple violations/disciplinary actions against the firm most notable the Firm was named in SEC litigation as part of the CMKM Diamond scam. According to the SEC the firm recklessly defrauded thousands of investors out of $53 million. At the time of the acquisition, the Issuer was called Vacation Ownership Marketing Inc (VAOM) and was incorporated in Delaware. Potash and Schumacher had owned the publicly traded company since 1969. Just prior to the acquisition a reverse split was done to wipe out the older shareholders. Two days after acquiring Vacation Ownership Marketing Inc, on August 29, 2001, Astrom did an acquisition/merger agreement with another entity that was owned by Christopher Astrom and Braulio Gutierrez called Encore Builders, Inc. Encore Builders Inc was merged into Vacation Ownership Marketing Inc in exchange for a $465,450 Promissory Note. In September 0f 2001, Astrom establishes VAOM as a Florida business entity. VAOM also acquired some Real Estate from Astrom linked publicly traded National Residential Properties (NRES) around this time. From 2001 - 2004 debt was converted into stock using a New York business entity Sroya Holdings Company Inc as the escrow agent. The same thing was done with another Astrom ticker at the same time - Genesis Capital Group of Nevada which also acquired Real Estate from National Residential Properties (NRES) around this same time. In 2004, VAOM did a reverse split and an merger agreement with its wholly owned subsidiary it recently created called Capital Solutions I Inc effecting a name/symbol change for the Issuer to Capital Solutions I Inc (CSIN/CSON). Through the merger Richard Astrom was issued 150,000,000 new post-split shares and Christopher Astrom was issued 100,000,000 new post-split shares. Around this same time Astrom hired Edward Hayter's company, Turner Hughes Corporation for Investors Relation services. Turner Hughes Corp/Edward Hayter was issued 23 million post-split shares for the services. CSON also did an equity financing agreement with Cornell Capital Partners LLP (Mark Angelo) around this time. In May of 2005, CSON acquired Bedrock Holdings Inc from Scott Crane and Robert Siegel for 300,000,000 shares. Crane and Siegel got 67,500,000 shares. Another 67,500,000 shares were pretty evenly divided between 6 different (mostly foreign) for services provided as seen in Schedule 1.1 at the bottom here. Damian Guthrie was the owner of 4 of those entities receiving 67,500,000 shares in total. The other 125,000,000 shares went to Serac Holdings Inc which was a publicly traded company using the ticker symbol SRCI. SRCI was previously known as Pinnacle Business Management (PBCM). PBCM was run by Jeffrey Turino. PBCM and Turino were named in several SEC litigation Orders and both also showed up in the Indictment against John Edwards, Urban Casavant, Melissa Spooner, Jeffrey Mitchell and others involved in a major share selling scam that included CMKM Diamonds Inc, PCBM, and several other tickers. Both PBCM and Astrom's NRMG which is also listed in this report had several things in common including consulting agreements with Brian A. Lebrecht, M Richard Cutler, Vi Bui, James Stubler, and Samuel Eisenberg. As part of the Bedrock Holdings Inc acquisition agreement CSON did an S-8 filing to register 50,000,000 shares as part of a new employee equity incentive plan. Laura Anthony provided the Legal Opinion for the S-8 filing on April 28, 2005. On September 1, 2005, Capital Solutions I Inc was registered as a business entity in Florida and Laura Anthony was used as the resident agent. During the 12 months between May 2004 and May 2005, CSON issued 44,000,000 shares for legal services according to the SEC filings. In October of 2005 the Bedrock Holdings Inc acquisition was rescinded but only 30,000,000 of the 300,000,000 shares issued had to be returned. In January 2006 CSON did another very large reverse split bringing the O/S back down to just around 96,000 shares. In 2007 the shell was sold to a group of Chinese investors and was renamed Fuda Faucet Works (FUFW). The Issuer was revoked by the SEC in 2012 along with a bunch of other Chinese tickers that were delinquent in their reporting requirements.


Nymet Holdings Inc (NYMH) - This Laura Anthony Richard Astrom ticker originally went public as Bonanza Gold Corp then it changed its name to GoldEye USA Inc in 1998. During this time it was a Nevada business entity. From the NV SOS page we can see that the Issuer was abandoned in 2000 and revoked in 2002. In January 2004 somebody came along and hijacked it. At the exact same time (January 25, 2004) Joe Overcash filed a Form D with the SEC as the president of the shell. Peter Tuovi, an attorney from Ontario, was listed as the contact person in the Form D filing. Tuovi has a history in several public Issuers mostly around this time. Some of those tickers had some really shady names like Kenneth Eade and Joseph Emas. One promoter was busted by the DOJ in an Indictment that included a former Astrom shell, SMCE and a former Michael Anthony shell, EWPI. EWPI was also part of the Donna Levy and David Levy Indictment. The name was briefly changed from GoldEye USA Inc to Sierra Diamond International Inc from February 2004 until April 2004 then it became ITOS Inc in April 2004 and Raymond J McNamee showed up as the new CEO. McNamee later got busted in July of 2005 along with Richard Astrom's buddy Michael Spadaccini that was helping set up Pennsylvania entities for Astrom to use for his stock sales in some of his tickers. McNamee didn't stay around long. In August 2004, ITOS Inc acquired Satellite Phone Source. McNamee resigned replaced by Stan F Wilson Jr. The shell was renamed Satellite Phone Source Inc the same month (August 2004). In March of 2005 a Delaware entity was set up by the same name and according to the last entry in the NV SOS, Mark Astrom merged the NV entity into the DE entity re-domiciling the ticker to Delaware. By April 2005, the ticker was renamed Vision Works Media Group Inc (VWKM/VSWM) and Astrom was running the show (though I suspect the Astroms were involved in the shell starting in 2004 when Raymond J McNamee showed up if not sooner). Mark Astrom filed a Form D to issue stock for a debt conversion in April of 2005 as the CEO. The Astroms did their normal early small forward split in May of 2005 followed by a bunch of dilution killing the share price. By July 2005 the ticker had to be reverse split. It looks like Astrom sold the shell to John Beebe in late 2006 because the ticker started doing OTC filings in 2007 and it had new officers and new business operations and a new name - Perihelion Global Inc (PHGI). Almost certainly the Astroms sold the shell in exchange for a Promissory Note as was their normal way of doing it. The message boards were full of posters complaining about Astrom diluting and killing the share price in 2007 selling into the news. Perihelion Global Inc was re-domiciled back to Nevada in April of 2008. Eventually in April 2009 it became Nymet Holdings Inc (NYMH) with Mark Klok as the CEO. Klok was another one with some history with Astrom. He also signed an acquisition agreement with Astrom in Genesis Capital Corp in July 2009 that would end up being terminated 2 months later. We don't get the first financial statement from the shell until 2008 and we see there is a big fat $904,000 debt Note on the balance sheet probably belonging to Astrom. That debt led to tons more dilution and 3 more reverse splits in 2008, 2009, and 2010. NYMH went dark in 2010 and and is now a revoked NV entity that is stuck on no bid.

ICBS Limited (ICBT) - Edward Hayter has some tie to this shell. Through his IHUB alias, Hayter posted on this forum often starting in 2006 when Garth McIntosh took over as the CEO, and one of Hayter's employees at BIH Corp, Kimi Royer, was very much involved in both ICBS Limited (ICBT) and USG1, Inc/Cannawealth Minerals Corp (another Garth McIntosh linked Issuer).

IAHL Corp (IAHL) - this ticker was formerly IBAC Corp (ICAN/IBCX) an Edward Hayter ticker that had Richard Astrom and Christopher Astrom as key insiders from 2004 - 2007. The company went public on the pink sheets in October of 2004 with its early assets including The Sanibel Restaurant Group Inc (which hired Abraham Rosenman who Hayter later used as a nominee CEO in FGFC) and The Royal Arkansas Hotel & Suites (both belonging to Edward Hayter). The Astrom's provided financing for the company and received and sold shares in the company. Some of the financing came from Prime Rate Investors Inc (PRRM). Laura Anthony was legal counsel for the ticker starting in 2004. The ticker sold its assets to another Hayter/Astrom/Anthony ticker - Prime Restaurants Inc (later renamed BIH Corp). IBAC Corp became Three Sixty, Inc (TSXT) for a brief stretch in 2007 but still had Edward Hayter as the president and Wayne Burmaster as the CEO. Burmaster was charged with Hayter and Chris Astrom in the BIH Corp scam. TSXT did a deal with Rockford-Montgomery Labs, Inc becoming IAHL Corp (IAHL) in 2007 (Burmaster signed the name change amendment at the DE SOS in September of 2007), but that deal was later rescinded after many pump&dump style press releases in 2007 and 2008. This is an interesting article for reference (including the comments). IAHL which still trades today but now as some fake looking Colombian green project company has never done a single filing in its history.


BIH Corp (BIHC) - This was an Edward Hayter ticker that used a nominee CEO named Chris Galo. Richard Astrom, Christopher Astrom, and Damian Guthrie (Richard's son-in-law) were key shareholders/insiders involved in the ticker. Laura Anthony was legal counsel for the ticker. It is uncertain when Hayter and Astrom gained control of this shell. It had a long history going back to 1968 and had previously traded as Home Financing Centers Inc then Worldwide Indoor Karts Inc then Online Photography Resources Corp then Prime Restaurants Inc. The ticker used assets that were passed to it in 2007 from an older Hayter/Astrom/Anthony ticker named IBAC Corp (ICAN). BIHC got suspended by the SEC on February 6, 2009. The SEC opened a formal investigation on the ticker and named Richard Astrom as a person of interest, but later on September 17, 2010 when the SEC brought charges Richard Astrom wasn't included as a Defendant. The charges went against Edward Hayter, Wayne Burmaster Jr, Christopher Astrom, Damian Guthrie, and several entities controlled by Richard Astrom, Christopher Astrom, and Damian Guthrie alleging illegal share sales. As a result of the litigation, Christopher Astrom was permanently barred from participating in penny stocks on October 25, 2010.


Multicorp International Inc (MCIC) - This shell used to be called Rocky Mountain Ginseng Inc (RMGS) and a was publicly traded Colorado business entity run by a group out of Vancouver (Paul B Winstanley, Douglas J Bullock, Robert L Bell, and Fay Matsukage). RMGS was a non-SEC reporting company so no public filings exist for the ticker. RMGS was some China based drug company and by 1999 Brian A Hodge had become the CEO. He remained the CEO at least through 2001. In 2002 Carlos A Fernandez became the new CEO. In April 2002, Rocky Mountain Ginseng Inc was re-domiciled to Nevada and in June 2006 the name/symbol of the entity was changed to Prime Rate Investors Inc (PRRM). Richard Astrom and Christopher Astrom were linked to Carlos A Fernandez and a part of Prime Rate Investors Inc as early as May 2002 as this Form D filing for Prime Rate Investors Inc from 2002 shows. In December 2003 PRRM did a big reverse split and by 2004 PRRM had moved from Nevada to Delaware Richard Astrom was the CEO and Daniel Burgess had became involved. During the summer of 2004 PRRM saw some really bad dilution with the price falling from $.025 to $.0009 in a one month span the dilution was done during a slew of press releases put out by Richard Astrom. This June 16, 2004 press release says PRRM was investing $1,000,000 in Royal Arkansas Hotel and Suites Inc which was owned by Edward Hayter. Royal Arkansas Hotel and Suites Inc would get acquired by IBAC Corp (Edward Hayter ticker) a few months later in February of 2005 with the help of Laura Anthony. In April of 2004, PRRM started a wholly owned subsidiary called Tampa Bay Mortgage Services Inc which it later sold in August of 2004 to National Hospitality Group Inc (NHGP) which was another Richard Astrom ticker that used his son-in-law, Damian Guthrie as the CEO. Damian Guthrie remained the new CEO of NHGP after it acquired Tampa Bay Mortgage Services Inc and PRRM shareholders got a dividend of 1 share of NHGP for every 100 shares of PRRM they owned. National Hospitality Group Inc became Corporate Mortgage Solutions Inc (CMSI) a few months later. At the same time as all of these Astrom business swaps, Daniel Burgess became the new CEO of PRRM and Ian Lamphere the new Vice President. Astrom was very much still running the show. In February 2006 the name/symbol was changed to Summus Works Inc (SMMW). SMMW signed a marketing contract with publicly traded Atlantis Holding Corp (AHDG) even offering a stock dividend to SMMW shareholders in 2006. Atlantis Holding Corp (AHDG) was run by Robert Thompson and Charles Prebay - two close associates with Roger Pawson. AHDG was closely linked to Cal-Bay International Inc (CBYI) starting in 2005. Both CBYI and AHDG which now trades as SUFF on the grey market were long running Roger Pawson scam ticker. Today PRRM/SMMW trades as Multicorp International Inc (MCIC). Ian Lampere was busted by the SEC in 2011 for illegal stock sales through his company Gendarme Capital Corp. Gerdarme has purchased billions of discounted unregistered shares from several penny stocks between 2008 - 2010 then resold them into the market illegally by having bogus opinion letters from attorney Cassandra Armento (also a Defendant in the case). Two of the tickers, MCDA and ZDMN were Anthony Mellone tickers mentioned in this Astrom research report many others had links to Global Sentry, Christopher Wheeler, and Karen Willoughby. Lamphere passed away from a skiing accident in 2013.


Fusion Restaurant Group, Inc (FUSR) - Michael Anthony incorporated this entity as The Candle Vandal Inc in Delaware on June 9, 2004. Michael Anthony immediately authorized 20,000,000,000 shares at the time of incorporation so it is obvious that intent was for it to be passed to Astrom right from day one. Michael Anthony received 10,000,000 shares as the founder. Anthony then changed the name of the entity to National Hospitality Group Inc and passed it on to Richard Astrom. Astrom took National Hospitality Group Inc (NHGP) public on the pink sheets in 2004 with Edward Hayter as the CEO. Later in February of 2005 when it filed this 15c211 filing Richard Astrom's son-in-law, Damian Guthrie was listed as the CEO. After going public, National Hospitality Group Inc acquired Tampa Bay Mortgage Solutions, a Florida business entity set-up by Richard Astrom and Damian Guthrie in February of 2004. In February 2005, National Hospital Group Inc changed its name to Corporate Mortgage Solutions Inc (CMSI) and acquired Big Apple Wallcovering Inc a few weeks later in April 2005. Big Apple Wallcovering was a Florida business entity set up by the Big Apple Consulting crew [Neal Jablon, Marc Jablon (Management Solutions International Inc), Matthew Maguire, and John Neff] in January of 2004. After the acquisition of Big Apple Wallcovering Inc, Neal Jablon became the CEO, Marc Jablon became the Chairman of the Board, and Big Apple Consulting became the Investors Relation firm. As part of the acquisition agreement Christopher Astrom received 290,000,000 free trading shares of stock through an entity he set up in Pennsylvania named Bonn Capital Group LLC and Curt Kramer got 2,000,000 free trading shares through his entity, XXR Consulting. I suspect it may have been Laura Anthony that provided the opinion letter to make the 290,000,000 Bonn Capital (Astrom) shares free trading and the 2,000,000 XXR Group (Kramer) shares free trading. We also find Mike Bongiovanni receiving shares in 2005 through his company A to Z Consulting. The ticker was renamed Big Apple Worldwide Inc (BPWW) in November 2005 (later BPWI) which it stayed until February 2011. Under Big Apple's control the Issuer suffered through tons of dilution and two huge reverse splits. After the Big Apple Crew was busted by the SEC in 2011 the ticker became Fusion Restaurant Group Inc and currently trades on the grey market.


Carefree Group Inc (CRFU) - originally named Synesi Inc (SYNS). like National Hospitality Group Inc, Synesi Inc was incorporated for Richard Astrom by Michael Anthony and Laura Anthony. The Anthonys incorporated it in Delaware in April of 2004. A couple months after it was incorporated, in June 2004, Synesi Inc merged with Port City Coffee Roasters to give it the business operations to go public on the pink sheets. Port City Coffee Roasters was a Daniel Burgess and Derek LaBorie company with Ian Lamphere running investor relations through his company NBS Productions LLC. After the merger, Ian Lamphere became the CEO of SYNS and Dan Burgess and Derek LaBorie became directors. Around this same time Burgess and Lamphere also became the CEO and VP of another Astrom ticker - Prime Rate Investors Inc (PRRM). As part of the merger deal with Port City Coffee Roasters, the Astroms were awarded 100,000,000 free trading shares (via warrants) through a Pennsylvania business entity set-up for Christopher Astrom and Richard Astrom named Oslo Capital Group LLC by attorney Michael Spadaccini using Edward Hayter as the managing member. Providing the opinion letter for the free trading stock was Laura Anthony. Spadaccini was indicted in North Carolina in 2009 for his role in an illegal money laundering/share selling scheme involving 3 public tickers Twister Networks (TWTN), Ornate Holdings/Absolute Health and Fitness (AHFI), and MBC Food Corp/Concorde America (CNCD). Spadaccini was also busted by the SEC in 2005 along with Raymond J McNamee for his role in an illegal share selling scheme using US Wind Farms Inc. Investor Relation services for SYNS were handled by Stuart T Smith and Kelly Black. Kelly Black was later busted in a kick back sting operation in 2011. Iam Lamphere was busted by the SEC in 2011 for illegal stock sales through his company Gendarme Capital Corp. Gerdarme purchased billions of discounted unregistered shares from several penny stocks between 2008 - 2010 then resold them into the market illegally by having bogus opinion letters from attorney Cassandra Armento (also a Defendant in the case). Two of the tickers, MCDA and ZDMN were Anthony Mellone tickers mentioned in this Astrom research report many others had links to Global Sentry, Christopher Wheeler, and Karen Willoughby. Lamphere passed away from a skiing accident in 2013. In December 2014, Port City Roasters and Derek LaBorie re-emerged with Verde Media Group Inc (VMGI). VMGI was formerly Hidalgo Mining International Inc (HMIT) which in 2009 briefly merged part of its business operations into Astrom's Genesis Capital Corp (GCNV) but the merger was terminated a month later. Synesi Inc was passed off in 2007 after it was done being abused by the Astrom (which included 2 reverse splits in 2004 and 2005). It became Carefree Group Inc (CRFU) and currently trades on the grey sheets.

Eyes on the Go Inc (AXCG) - hijacked by Richard Astrom through Miami-Dade County on January 2, 2007 when it was named Mutual Exchange International Inc (MEIX) using Brian Goldenberg, attorney Alan Kipnis, and Minnesota business entity Astrom controlled called Coogee Bay Capital Inc. The shell was moved to Delaware and renamed Avenue Exchange Corp. Mark Rentschler was assigned as the new CEO with Mark Astrom used as the controlling shareholder. Laura Anthony became legal counsel of the shell. In 2011, Avenue Exchange Corp did a merger agreement with Eyes Enterprises Inc becoming Eyes on the Go (AXCG). As part of the merger agreement a private placement was done with associates of Richard Astrom including Richard's daughter, Rebecca Guthrie. Those associates received 92,500,000 shares in exchange for $152,991 which was in turn used as an initial payment to Mark Astrom for the $473,933.65 owed to him for the acquisition of the shell. An S-1 was filed with the help of Barry Miller to make those 92,500,000 shares free trading. After the S-1 was made effective in March 2012 the price fell from $.02/share to the triple zeroes in less than a year. Continued dilution caused by the Promissory Note owed to Astrom for the acquisition of the shell eventually pushed the share price to no bid.


Metrospaces Inc (MSPC) - hijacked through Miami-Dade County on June 14, 2007 when it was named Cyberroad.com Corporation (FUNN) by Richard Astrom using Brian Goldenberg and a business entity Richard Astrom and Christopher Astrom set-up and controlled in Minnesota called Pelican Cove Investments Inc. After hijacking the shell, Astrom immediately re-domiciled the shell in Delaware and changed the name to Strata Capital Corp (STRP). Mark Rentschler was used early on as the CEO and Richard Astrom was the controlling shareholder. Laura Anthony became legal counsel for the shell. MSPC did an asset purchase agreement with Macada Holding Inc (MCDA) in April of 2010. That same year key MCDA insiders including Anthony Mellone were Indicted as part of a wide spared FBI kickback sting that they participated in from 2008 - 2009.
In 2013 STRP did a merger agreement with Urban Spaces (Oscar Brito). As part of the merger agreement 335,200,000 shares were issued in exchange for $40,000 received from Richard Astrom and friends and nominees of Richard Astrom including Richard's daughter, Rebecca Guthrie and Richard's wife, Pamela Astrom. The $40,000 was in turn paid back to Richard Astrom as an initial payment towards the $300,000 owed to Richard Astrom for the acquisition of the shell by Urban Spaces. An S-1 was filed with the help of Barry Miller to make those 335,200,000 shares free trading. After the S-1 was made effective the price fell from $.08/share down to the triple zeroes because of the dilution. Continued dilution because of the Promissory Note owed to Astrom for the acquisition of the shell eventually pushed the share price to no bid.


EV Charging USA Inc (EVUS) - acquired by Richard Astrom and his son, Christopher Astrom in 2001 when it was known as Genesis Capital Corp of Nevada (GNCP/GCNV) for $315,000 from Hudson Consulting Group (Allen Wolfson and Richard Surber), and Global Universal Inc (Ronald Welborn). In 2000, Allen Wolfson had been named a Defendant as part of the FBI's Mob on Wallstreet busts then in 2002 he was named in separate litigation by the SEC for the manipulation of Freedom Surf Inc stock. Early on right after Astrom acquired the shell, Genesis Capital Corp did an acquisition agreement with another Astrom linked ticker, National Residential Properties (NRES) for some Real Estate properties that were later dropped. Laura Antony became involved in the ticker as early as September 1, 2005. Christopher Astrom was originally used as the controlled shareholder but in 2010 he dropped out of the picture and Richard Astrom became the controlling shareholder. Laura Anthony was used for more attorney services in 2009 - 2010. Genesis Capital Corp (GCNV) was later renamed Milwaukee Iron Arena Football Inc (MWKI) but that merger agreement was unwound. Prior to becoming MWKI, Genesis also did a failed asset purchase agreement with did an asset purchase agreement with Macada Holding Inc (MCDA) in October 2009. That asset purchase agreement was cancelled in January 2010 and instead Astrom did the same asset purchase agreement with another one of his shells - STRP/MSPC in April 2010. That same year key MCDA insiders including Anthony Mellone were Indicted as part of a wide spared FBI kickback sting that they participated in from 2008 - 2009. In August 2014, MWKI did a merger agreement with EV Charging USA Inc. As part of the merger agreement 700,000,000 shares were issued in exchange for $25,000 received from Richard Astrom. The $25,000 was in turn used as an initial payment back to Richard Astrom towards the $400,000 due to him for the purchase of the shell by EV Charging USA Inc. The 700,000,000 shares were split up among 4 different entities controlled by Richard Astrom, his wife, Pamela Astrom, and a couple of nominees. An S-1 was filed with the help of Barry Miller to make those 700,000,000 shares free trading. After the S-1 was made effective the price fell from $.20/share to well below $.01/share. Brian Howe of EV Charging USA Inc would later sue Richard Astrom alleging fraud, breach of contract, and unfair enrichment among other things. Despite Brian Howe's name showing up as the signatory on several SEC filings including the S-1 registration statement, Howe seems to suggest in the law suit that it was Astrom that caused EVUS to file the registration statement and that the transfer of ownership of the Series D preferred shares to the four entities by Richard Astrom was done without his knowledge or approval. Basically, to me, it sounds like Howe knew next to nothing about public securities and was taken advantage of my Richard Astrom. After the value of his company was diluted down significantly, Howe realized what a bad deal he made with Astrom and then sued him. As of the end of 2015, EV Charging USA Inc had not made any further payments towards the $375,000 debt Note owed to Astrom for the sale of the shell. EVUS hasn't filed its last two required 10Q statements and the company failed to make its last annual report filing with the state of Nevada SOS. It appears that Brian Howe has abandoned the ticker. Richard Astrom and his nominees still own at least 690,000,000 more free trading common shares so it will be interesting to see what happens with the lawsuit and what if anything happens with the ticker in the future.



Darwin Resources Inc (DRWN) - hijacked through Miami-Dade County by Richard Astrom on October 26, 2006 when it was named Vitech America Inc (VTCHQ) using Brian Goldenberg ,attorney Jose D Sosa, and a business entity Richard Astrom and Christopher Astrom set-up and controlled in Minnesota called Pelican Cove Investments Inc. After it was hijacked Richard Astrom immediately moved the shell to Delaware and renamed Darwin Resources Inc (DRWN). Mark Rentschler was assigned as the new CEO and the controlling shareholder of the ticker. Later Richard Astrom replaced Mark Rentschler as the controlling shareholder of the shell. Laura Anthony became legal counsel of the shell. In 2010 DRWN did a merger agreement with Vigilant Document Services, LLC leading to the ticker being renamed A Clean Slate Inc (DRWN). As part of the merger agreement a 1:1000 reverse split was executed and 80,000,000 post-split shares were issued as part of a private placement for $100,000 received from a bunch of Richard Astrom associates including his daughter, Rebecca Guthrie. Another 1,000,000 post-split shares were issued to Laura Anthony for legal services. The $100,000 was used as an initial payment back to Richard Astrom towards the $500,000 due for the sale of the shell. An S-1 was filed with the help of Laura Anthony to make those 81,000,000 shares free trading. DRWN was trading at $1.06/share on June 1, 2011 when the S-1 was made effective. By June of 2012 the ticker was trading in the triple zeroes. In December 2011 the Vigilant Document Services LLC people returned the damaged shell back to Richard Astrom and gave him back all of the shares they received in the merger. The Promissory Note owed to Richard Astrom remained on the books and the ticker continued to get diluted down to no bid. Barry Miller was hired around this time as legal counsel for the ticker.


Arem Pacific Corp (ARPC) - hijacked by Richard Astrom through Broward County, Florida in May of 2007 when it was Oxford Educational Services Inc (OXED) using Brian Goldenberg , attorney Alan Kipnis, and a Minnesota business entity Astrom set-up and controlled called Coogee Bay Capital Inc. Michael Anthony also tried to hijack the shell, but Astrom beat him to it. After hijacking the shell, Astrom immediately moved it to Delaware and renamed it Aspen Global Corp then renamed again to Diversified Mortgage Workout Corp (DMWK) a few short weeks later. Mark Rentschler was assigned the role of CEO and controlling shareholder, but was soon replaced as CEO and controlling shareholder by Richard Astrom. Laura Anthony was hired as legal counsel. Mark Astrom also became a large shareholder and lots of 504 offerings were done to create free trading stock sold to some unnamed investors in Texas at $.001/share during 2008 and 2009. In early 2013 the shell was sold to a group out of Australia but this time without all the Richard Astrom self enrichment games. No details of the acquisition are available in the filings, but I'll assume it was an all cash acquisition. The new owners of the shell changed the name to Arem Pacific Corp (ARPC) and effected a large reverse split.


Acology Inc (ACOL) - hijacked through Hillsborough County, Florida on October 23, 2008 when it was called Pinecrest Investment Group Inc (PNCR) by Richard Astrom using Brian Goldenberg and a Minnesota business entity Astrom and Damian Guthrie set-up called Riverview Capital Inc. Mark Rentschler was assigned as the CEO and Richard Astrom became the controlling shareholder. In 2009 Rentschler was replaced by Mark Astrom as the CEO. Later in 2012, Richard Astrom became the CEO. In February 2014, Pinecrest Investment Group Inc (PNCR) was renamed Acology Inc (ACOL). In March 2014, ACOL did a merger agreement with D&C Distributors LLC. After a 1:1000 reverse split, 3,846,000,000 shares of common stock was issued to Curtis Fairbrother and Douglas Heldoorn, the owners of D&C. Another 700,000,000 shares were issued to Richard Astrom (200,000,000 shares), Richard's wife, Pamela Astrom (200,000,000 shares), and a Richard Astrom nominee named Rajbir Singh Husson (300,000,000 shares) in exchange for $40,000 received in a private placement. That $40,000 was used to make an initial payment back to Richard Astrom towards the $400,000 owed to him for the purchase of the ACOL shell by the D&C people. An S-1 was filed with the help of Barry Miller to make those 700,000,000 shares free trading. When the S-1 was made effective on August 7, 2014, ACOL was trading at $1.25/share. By July of 2015 the dumping of all that stock into the market pushed the price down to $.0002/share.


Macau Capital Investments Inc (MCIM) - hijacked through Sacramento County, California when it was named Silicon Valley Research Inc (SVRG) in December 2006 by Michael Anthony and Laura Anthony using Seth Hanson then passed to Richard Astrom. No filings were ever done for the ticker and no merger candidates ever found. Richard Astrom remains listed as the CEO on the OTC Markets website and Barry Miller is listed as the legal counsel.


Scandia Inc (SDNI) - hijacked through Palm Beach County, Florida in June 2007 by Richard Astrom using Brian Goldenberg when the shell was named Nurses Network.com Inc (NURS). Michael Anthony and Joseph Meuse also made attempts to hijack this shell but Astrom beat them to it. After hijacking the shell Richard Astrom immediately moved it to Delaware and renamed it Scandia Inc (SDNI). Mark Rentschler was used as the CEO, Mark Astrom as used as the controlling shareholder, and Laura Anthony was hired as the legal counsel. Only one OTC filing was ever done for the ticker in 2009. It looks like no merger candidate was ever found and the shell rarely traded ever. Barry Miller is currently listed as its legal counsel.


National Realty & Mortgage Inc (NRMG) - This stock started out as Mister Las Vegas, a publicly traded Nevada business entity that looks like it was abandoned in 1992. The entity was revoked in 1993 then reinstated the next year on December 5, 1994. Two weeks later on December 15, 1994 the Nevada entity was merged with a Florida entity that Richard Astrom had set up in 1993 with the help of Richard Greene called National Rehab Properties Inc (later renamed National Realty & Mortgage Inc in 1995). In 1999, Richard Astrom and his son Christopher Astrom did an SB-2 form with the help of Richard Greene to stock and become a fully reporting SEC flier. Richard Greene would become one of 58 defendants Indicted in Operation Bermuda Short in 2002 as part of an undercover FBI kickback sting operation. He was convicted in 2003 and disbarred for 5 years. After his 5 years was up he didn't bother to file for reinstatement instead he remained comfortable providing other services to penny stock cams and operating behind the scenes using other attorneys as a front out of his office. Later in 2012 he got busted again. This time he was sentenced to 18 months in prison and permanently banned by the SEC. Richard Astrom signed a consulting agreement with Brian A. Lebrecht, M Richard Cutler, Vi Bui, James Stubler, and Samuel Eisenberg which led to free trading stock being issued through this S-8 filed in 2000. This same exact group (Brian A. Lebrecht, M Richard Cutler, Vi Bui, James Stubler, and Samuel Eisenberg) also signed a consulting agreement with Pinnacle Business Management (PCBM) and Jeffrey Turino in March of 2000. The two consulting agreements appear to stem from both NRMG and PCBM acquiring one of a group of blank check companies numbered I to XX (MAS Acquisition I Corp - MAS Acquisition XX corp). PCBM also shared the same accountant that Astrom used with most of his tickers (Bagwell, Josephs, Levine, Firestone & Co LLC). Jeffrey Turino and PCBM were later named in litigation along with John Edwards, Urban Casavant, Nickolaj Vissokovsky, and Melissa Spooner for selling billions of unregistered shares in several public entities - PBCM, CMKM, SGGM, UCAD, BMCS, GBDX, EQBM, OOAG, and GMSC. Lebrecht also links to E Rex Inc with Big Apple, Carl Dilley, Marc Harris, Donald Mitchell, Jeffrey Harvey, Kyle Kennedy.
The ticker was renamed National Residential Properties Inc of Nevada NV Inc (NRES) in 2001. NRES helped with other Astrom tickers Genesis Capital Group of Nevada (GNCP/GNCV) and Vacation Ownership Marketing Inc (VAOM) by passing each of those tickers some Real Estate properties in 2001. Astroms remained in control of NRMG/NRES often gifting shares to relatives to dump into the market until it was sold to a group out of China for $675,000 in 2007. The ticker was renamed Sunway Global Inc (SUWG) until it went private in March of 2016.


Kleangas Energy Technologies Inc (KGET) - Richard Astrom hijacked this shell on June 21, 2007 through Miami-Dade County when it was named Redmond Capital Corp (REDM) in 2007 using Brian Goldenberg, attorney Jose D Sosa, and a business entity Richard Astrom and Christopher Astrom set-up/control in Minnesota called Grand Forks Real Estate Inc. The hijacked shell was redomiciled in Delaware, a 1:2000 reverse split was executed, and the name/symbol changed to Windsor Resource Corp (WNDS). Mark Rentschler was temporarily installed as the CEO after the hijacking, but a Florida business entity set-up and controlled by Richard Astrom and Mark Astrom named Williams Capital Corp owned all of the control preferred shares. Damian Guthrie was the owner of most of the common shares which he was issued for services rendered through an entity he set up in Florida called Double Bay Funding Inc. By 2009, Damian Guthrie had replaced Mark Rentschler as the CEO and by In 2012, Richard Astrom signed a merger agreement with a Florida business entity named Kleangas Energy Technologies Inc (William B. Wylie and Dennis J. Klein) that called for the cancellation of all of the controlled preferred stock owned by Richard Astrom and old debt owed to Richard Astrom but required Kleangas Energy Technologies Inc to make a payment of $300,000 for the acquisition of the shell. Kleangas Energy Technologies Inc was to pay $25,000 upfront and the other $275,000 would come in the form of a Promissory Note owed to Richard Astrom. In true Astrom fashion (same type of self enriching merger arrangement we see repeating over and over again in these Astrom shell), Richard Astrom gave Kleangas Energy Technologies Inc the $25,000 they needed for the initial payment in exchange for 316,500,000 common shares which would be registered to become free trading in an S-1 filing. The S-1 was filed in December 2015 using Barry J Miller as the attorney. In that S-1 we see the 316,500,000 shares split up between 9 different entities mostly controlled by Richard Astrom's family members and Richard Astrom nominees. Some of the shares appear to have been gifted out for services including 2,500,000 shares which went to Roger Pawson. Astrom had previously had dealing with Pawson through Astrom's Summus Works Inc (SMMW). The S-1 was made Effective in May 2013. When the ticker began to actively trade starting in July 2013 the price quickly fell from $.10/share to triple zeros by October 2013 on heavy volume as those 316,500,000 shares issued for a mere $25,000 were dumped into the market - a pattern we see repeated over and over in Astrom tickers. Eventually Roger Pawson's good buddy, Bo Linton, took over as the CEO and the ticker continued to be used as an ugly dilution scam eventually getting stuck on $.0001/share including recycling the GDT Tek (GDTK) business operations (a former Albert Reda scam ticker that used Bo Linton as the CEO starting right before Albert Reda's arrest).


SMC Entertainment Inc (SMCE) - Richard Astrom attempted to hijack this shell through Clark County, Nevada on July 26, 2006 when it was called Zoolink Corp using attorney Aviva Y Gordon and his a Minnesota business entity Astrom and Damian Guthrie set-up and controlled called Riverview Capital Inc. David Clark (brother of Bryan Clark) beat Astrom to the receivership, but Astrom still got a bunch of shares in the ticker in December 2007 according to TA records. David Clark did a Form 15 filing filed in October 2006. Between 2006 and 2009 we have no filings for the ticker to help us understand its history. All we know for sure is that in 2009 it came under control of some group out of Vancouver and briefly did a name change to Action Energy Corp then when it started doing OTC filings in late 2009 it was named SMC Recordings Inc (SMCE) with a new CEO, Ralph Tashjian, and a strong David Price presence. In 2011 the Issuer became SMC Entertainment Inc (SMCE). SMCE became part of a DOJ pump&dump bust involving promoters. Other tickers in the Indictment were SIRG and EWPI which was a Donna Levy and David Levy ticker. I believe you mentioned to me in an email once that Donna Levy and David Levy had a presence in the SMCE shell at one time reference some shareholder list used as evidence in their trail?


Dixie Lee International Industries Inc (DLII) - Richard Astrom hijacked this shell through Clark County, Nevada in August 2006 when it was called Wood Products Inc (WPRO). He used attorney Aliva L Gordon and a Minnesota business entity Richard Astrom and Christopher Astrom set-up and controlled called Pelican Cove Investments Inc. Michael Anthony also attempted to hijack the shell using Bryan Clark but Astrom beat him to it. By May 2007, all of the control stock were in two Delaware business entities - Milagrosa Vista Corp and First Financial Consultants LLC. In June 2007 the shell was sold to Dixie Lee Food Systems (USA), Inc (Joseph Murano and David Silvester) and a 1:1000 reverse split and a name/symbol change to Dixie Lee International Industries Inc (DLII) was done to the shell in June 2007. DLII still trades today.


New Dover Capital Corp (NDVR) - Astrom hijacked this shell through Clark County, Nevada on September 28, 2006 when it was called Ultra Motorcycle Company Inc (UMCC) using attorney Aviva L Gordon and a Minnesota business entity Astrom and Damian Guthrie set-up and controlled called Riverview Capital Inc. After the hijacking Mark Rentschler was placed as the CEO and the name of the shell was changed to New Dover Capital Corp (NDVR). The big issue here is that Ultra Motorcycle Company Inc was a California entity with its jurisdiction in California not Nevada so the Astroms stole the wrong entity. The SEC makes this clear in this October 2007 revocation Order. Mark Rentschler responded to the Order as the control person and legal representative of the Ultra Motorcycle Company Inc shell but the SEC told him no you can't be because Nevada isn't the right jurisdiction. The SEC revoked Ultra Motorcycle Company Inc in October of 2007, but by that time it was too late because the Astroms already moved the NV entity to Delaware on July 2, 2007, changed the name to New Dover Capital Corp, got the TA to go along with them taking over the public Issuer, and got FINRA to issue a new symbol, NDVR, in August of 2007 ahead of the SEC revocation Order. No buyer was ever found for the NDVR shell and in 2014 the SEC suspended the stock moving it to the grey market where it still trades today. The SEC didn't even realize that NDVR was an Issuer they had already revoked 7 years earlier. Mark Rentschler is still listed as the CEO on the OTC markets site.


Security Asset Capital Corp (SCYA) - Astrom hijacked this shell through Clark County, Nevada in November 2006 using attorney Ariel E Stern and a Minnesota business entity Astrom and Damian Guthrie set-up and controlled called Riverview Capital Inc. SCYA was named in SEC litigation in 2004 and that probably hurt the ability to sell the shell. Astrom never found a buyer and in 2012 the SEC suspended the ticker. It currently still trades on the grey market.


LMWW Holdings Inc (LMWW) - Richard Astrom hijacked this shell through Miami Dade County when it was called Shadow Ridge Holdings Inc (SOWR) on October 27, 2006 using Brian Goldenberg, attorneys Alan Kipnis and Jose D Sosa, and a Minnesota business entity Astrom and Damian Guthrie set-up and controlled called Riverview Capital Inc. It appears the the Receiveship Order was later vacated by the Courts. Then in 2007 Gary Lipson and Thomas Straub showed up in control of the shell. The new owners changed the name of the ticker to LMWW Holdings Inc (LMWW) in 2007. LMWW never did any SEC or OTC filings but still publicly trades.

SSGI Inc (SSGI) - Richard Astrom hijacked this shell through Broward county when it was called Phage Therapeutics International Inc (PTXX) in 2007 using Brian Goldenberg, attorney Alan Kipnis, and a Minnesota business entity Astrom and Damian Guthrie set-up and controlled called Riverview Capital Inc. A few months after Brian Goldenberg reinstated it a new owner showed up (Ryan Seddon). Seddon changed the name of he entity to SSGI Inc. When Seddon did an S-1 for the shell in July 2009 Astrom's presence was no where to be found neither was any mention of the custodianship filing.


International Cosmetics Marketing Co (SASN) - Richard Astrom hijacked this shell through Broward county in 2007 using Brian Goldenberg, attorney Alan Kipnis, and a Minnesota business entity Astrom and Damian Guthrie set-up and controlled called Riverview Capital Inc. The group never found a buyer for the shell and it got revoked by the SEC in 2010.


Industrial Rubber Innovations Inc (IRBB) - Richard Astrom hijacked this shell through Broward county in 2007 using Brian Goldenberg, attorney Alan Kipnis, and a Minnesota business entity Richard Astrom and Christopher Astrom set-up and controlled called Pelican Cove Investments Inc. The ticker got revoked by the SEC in 2007 before Astrom could do anything with the shell.


Alchemy Creative Inc (ALMY) - Richard Astrom hijacked this shell through Broward county in June 2007 when it was called Method Products Corp (MHTD) using Brian Goldenberg, attorney Charles Leslie Jaffee, and a Minnesota business entity Astrom set-up and controlled called Coogee Bay Capital Inc. In August 2007 Astrom had a Form 15 filed for the ticker. By October 2007 the Issuer had a new owner in Willard G McAndrew III. McAndrew did a reverse split and changed the name/symbol of the ticker to Alchemy Creative Inc (ALMY) in November of 2007. When he filed a 15c211 disclosure form with the OTC markets in December 2007 there was no mention of the ticker's previous history as Method Products Corp or any receivership for the shell nor any sign of a lingering Astrom presence. Alchemy Creative Inc (ALMY) got suspended in 2014 and currently trades on the grey market.


Mellin Industries Inc (MELL) - Richard Astrom hijacked this shell through Palm Beach County in 2007 using Brian Goldenberg, but he never found a buyer for the shell and it eventually got suspended in 2012 and revoked in 2014 as a delinquent flier.


Genetic Vectors Inc (GVEC) - Richard Astrom hijacked this shell through Miami Dade County in February 2008 using Brian Goldenberg, attorney Jose Sosa, and a Minnesota business entity Astrom and his son-in-law, Damian Guthrie set up and controlled called Riverview Capital Inc. Michael Anthony and Joseph Meuse both also made an attempt to hijack the shell, but Richard Astrom beat them to it. Mark Rentschler was planted as the CEO and the ticker was merged into a new Delaware entity called Frontier Resource Corp as a way to re-domicile the ticker and hide the trail. Astrom never found a buyer for the shell and GVEC was suspended then revoked 2013.


Southcorp Capital Inc (STHC) - Richard Astrom hijacked this shell when it was an abandoned Nevada business entity called Pharmaceutical Labs, Inc (PHLB) in July of 2005. He then changed the name of the entity to Annapolis Capital Corp and re-domiciled it in Delaware. Astrom then heard that James McGinley was looking for a public entity to buy and approached McGinlyy to sell shell him the Annapolis Capital Corp shell. Through his entity Wahoo Funding Inc, Astrom sold the shell to James McGinley for a $200,000 debt Note that was due to be paid off some time in early 2007. Laura Anthony was used as the escrow agent. She would hold the control stock until payment was made in full then it would be transferred to James McGinley. After the sale the shell was renamed again to Podium Ventures Group (PDVP). Controversy erupted in 2007 when Astrom sued to have the escrow shares returned back to him after non-payment. McGinley counter sued. The McGinley lawsuit makes it sound like McGinley was basically a puppet CEO running the company through directions he received via numerous emails from Richard Astrom and Edward Hayter. McGinley was issuing stock to Wahoo Funding (Astrom) and to other Astrom associates/nominees to be sold into the market and putting out press releases based on instructions he was receiving from Astrom and Hayter in the numerous email exchanges. McGinley claims that he was under the belief that the money Astrom was pocketing while dumping stock into the market was supposed to be deducted from the $200,000 he owed Astrom for the acquisition of the shell. That the stock sales were all part of the acquisition agreement. Those stock sales caused the PDVP share price to drop as low as $.0001/share by the spring of 2007. Astrom ultimately won out taking back control of the PDVP shell in July of 2007. Astrom did a reverse split in early 2008 and the shell was briefly re-named to Capital Oil & Gas Inc for 3 months at the end of 2008. In 2009 the shell became Southcorp Capital Inc (STHC) and was once again involved in Real Estate. It is unclear at what point Astrom stopped being involved in STHC since no filings were done between 1999 - 2014. When it started filing again in 2014 Astrom was no longer a presence in the filings. What is clear is that Astrom got bad mouthed a lot on the message boards for the performance of the stock while it was PDVP and it is clear that by 2007 Astrom was gaining a lot of haters because so many of his stocks were used as nothing but dilution scams with only great losses suffered by retail shareholders (no real profit opportunities). His name was quickly becoming a red flag for investors by this time.

Kona Gold Solutions Inc (KGKG) - formerly Union Equity Inc (UNQT). It is common knowledge on the message boards that even though Michael Anthony was the CEO of UNQT starting in 2004, both Edward Hayter and Richard Astrom were very much involved in the ticker probably controlling much of the free trading stock after being involved in a public offering from November 16, 2004 that was done through Pennsylvania only. Laura Anthony became the legal counsel for the ticker after Michael Anthony got involved. Control of the UNQT shell was acquired in 2004 when it was named Phasertek Medical Inc, Nevada entity. Phasertek Medical Inc (PTMI) was a publicly traded non-SEC reporting pink sheet company. The name of the Nevada entity was changed to Union Equity Inc on November 12, 2004 and the entity was re-domiciled in Delaware on December 3, 2004 by merging it with a new Delaware business entity by the same name (Union Equity Inc) that was created on November 15, 2004 by Michael Anthony. The new business operations for Union Equity Inc involved Real Estate. UNQT did a steady stream of press releases through most of 2005 with a ton of volume hitting starting in April of 2005 through August 2005 taking the price down from a high of $.015/share on April 25, 2005 to $.0001/share by July 11, 2005. It was probably during this time that Hayter and Astrom were selling their 504 shares they received in 2004. By August 2005 UNQT was basically stuck on $.0001 and the scheme was over. UNQT didn't do much from 2006 to 2010. Then in 2010 Michael Anthony resigned with the O/S at over 7 billion and float at 4,873,241,300 shares. Charles Lance took over control of the ticker. All of the old business operations were spun out of the shell. The ticker did a big 1:10,000 reverse split and Big Apple Consulting became involved in the shell. UNQT saw a revolving door of CEOs between 2010 and 2015. UNQT saw a big sell off in March 2012 then got a lot of on again off again pumping as a triple zero stock after that. Charles Lance and Big Apple Consulting eventually both ran into lots of separate legal troubles and the shell was passed to new ownership again doing a 1:1500 reverse split in 2015 and becoming Kona Gold Solutions Inc (KGKG).


Hannover House Inc (HHSE) - This Issuer was hijacked by Michael Anthony through Clark County Nevada when it was known as Mindset Interactive Corp (MSIA) in June of 2005 using his entity Century Capital Partners LLC and Bryan Clark as the attorney. Some information on the message boards suggest that Richard Astrom and Edward Hayter became involved in this ticker through Michael Anthony. After Anthony hijacked the ticker he filed a Form 15 with the SEC. On November 29, 2005 the name of then entity was changed to DeGreko Inc (DGKO) and the CEO changed to Fotis Georgiadis. The ticker was re-domiciled to Delaware on December 19, 2005. The company did an early stock dividend leading to some early positive price action in March of 2006. In June 2006 the company changed its name/symbol to VOIP5000 Inc. (VPFI). In October 2006 the ticker did a 1:50 reverse split. Things got ugly after the reverse split. A promised buyback before the split never happened. Revenues didn't match what was promised. Lots of new stock was issued right after the split killing retail shareholder value. In April 2007 the name/symbol was changed to Target Development Group Inc (TGTD/TGTI). The ticker became involved in Real Estate acquiring some undeveloped property in Connecticut. Maybe the Real Estate is what led some to claim Astrom and Hayter was involved in the shell. I was unable to find any proof of their involvement. In January 2009, Timothy Boyd Smith created a new Target Development Group Inc in Wyoming and the DE entity was merged into the Wyoming entity in February of 2009 re-domiciling the ticker to Wyoming to go with a change of control of the shell. In December of 2009 Target Development Group Inc merged with Truman Press Inc (Eric Parkinson and Don Frederick Shefte) becoming Hannover House Inc (HHSE). Just prior to the merger Fotis Georgiadis was issued 200,000,000 shares through his entity Bedrock Ventures Inc for the forgiveness of $300,000 in debt owed to Bedrock Ventures Inc by Target Development Group Inc (TGDI). In later filings from 2013, HHSE claims they were unable to locate any record of Fortis Georgiadis/Bedrock Ventures giving $300,000 to the company as Fotis and his attorney William Aul claimed. The undeveloped property in Connecticut was also dropped and 49,000,000 shares issued for the property was returned to the treasury. In 2011, Fotis Georgiadis appears to have still been involved in TGDI despite selling the shell 2 years earlier because when a filing came out claiming TGDI was looking into purchasing assets from Bankrupted Block Buster Video setting off a huge pump&dump it was Georgiadis' associate Keith Rosenbaum that was the author of the filing. On November 5, 2012, Bedrock Ventures Inc won a court ordered judgment in the Central District of California against Truman Press Inc and HHSE for $572,819.17 in damages, prejudgment interest, and attorney fees. This might be related to money Bedrock may have lent HHSE for the making of the film "Twelve". Filings reveal few details. Bedrock Ventures Inc continued to receive payments in shares and cash (gained by doing new debt agreements with toxic lenders like JSJ and TCA Global) throughout 2013 and at least into 2014 but the HHSE filings are vague about the details. In 2013 Fotis Georgiadis was Indicted and added to the Criminal Complaint involving others like David Levy and Donna Levy for the Cardiac Networks (CNWI) pump&dump scam. CNWI was another shell that was hijacked by Michael Anthony. On March 27, 2015 Fotis Georgiadis was sentenced to Time Served.


U.S. National Telecom Inc (USNL) - This Issuer was hijacked by Richard Astrom using Brian Goldenberg in April of 2007 when it was Yi Wan Group Inc (YIWA). I could not find any custodianship records for the hijacking in Miami-Dade County where the shell last existed. After the hijacking Mark Rentschler temporarily became the CEO and control person on paper for the ticker. Laura Anthony became the legal counsel for the shell. US National Telecom Inc was set-up as a new Delaware entity for Astrom by Robert Clark to use to help re-domicile one of his hijacked shells. Originally a merger filing was filed with the FL SOS in June of 2007 to merge US National Telecom Inc with Mutual Exchange International Inc which Astrom had hijacked earlier that same year, but that merger was cancelled. Instead Robert Clark was placed as the CEO of the Yi Wan Group Inc hijacked shell and in September of 2007 that as renamed US National Telecom Inc (USNL). Robert Clark didn't keep his name as the CEO long. By early 2008, Gregory Giagnovaco became the new CEO. In January of 2008, 17,000,000 shares were issued to some unnamed investors from Texas and 100,000,000 shares were issued to Charette Corporation Inc (a Florida business entity controlled on paper by Mark Astrom) in exchange for financing. In March of 2008 USNL did its normal small forward split that most of the Richard Astrom tickers did ahead of the share selling (in this case a 3:1 split). That gave the Texas investors 51,000,000 shares and Charette Corp (Astrom) 300,000,000. Lots of shares were dumped into the market in the spring/summer of 2008 helped with a slew of press releases taking the price down and leading to a 1:10,000 reverse split in October of 2008. Around this time Damian Guthrie took over as the new CEO of the ticker. In January of 2009, Astrom got a bunch more stock through Wahoo Funding Inc. In November of 2009 the ticker did its first OTC filing. After another large reverse split in 2010, Rebecca Guthrie took over as the new CEO. During the next year the O/S grew from 2.3 million to over 3 billion by the end of 2011. Most of that dilution was caused because of convertible preferred stock issued in a private placement in May of 2010. The filings don't disclose who got the shares but knowing what we know about Astrom I'd bet it was Richard Astrom and associates and nominees of Richard Astrom. By the end of 2012 the USNL share price was stuck on no bid from the dilution and the ticker was basically abandoned. Laura Anthony remained the attorney for the ticker until the end. USNL still trades today.


Savenergy Holdings Inc (ADCC) - Richard Astrom hijacked this shell through Broward County in August of 2006 using Brian Goldenberg, attorney Alan Kipnis, and a Minnesota business entity Richard Astrom and Christopher Astrom set-up and controlled called Grand Fork Real Estate Inc when it was Worldcast Interactive Inc. After hijacking the shell, Mark Rentschler was temporarily placed as the CEO and control person then the shell was moved to Delaware and renamed Andorra Capital Corp (ADCC). Astrom also did a 1:10 reverse split around this time. The ticker didn't really get any action then in 2010 control of the ticker was sold a a group of South Korean investors who changed the name to Savenenergy Holdings Inc and did a 1:1000 reverse split. The ticker has remained very quiet and hasn't seen any shares traded in years despite still being an active ticker.


JNS Holdings Inc (JNSH) - This ticker originally traded as Millennium Direct Inc back in 2000, a company run by George S Balis (aka George Steven Balis) a crooked attorney from New York. In 2001 Millenium Direct Inc acquired all of the shares of Blue Capital Associates Inc (another publicly traded company) resulting in two separate CIK numbers for Millennium Director Inc. The main entity went on to be run as a pump&dump scam by George S Balis until in 2003 when Balis was busted by uncover FBI agents in a sting. Balis was convicted in August of 2005 receiving a 24 month prison sentence. After his arrest in 2003, the Millennium Direct Inc shell looks like it might have been abandoned. Suddenly in 2005, Edward Hayter shows up as the new control person for the ticker changing the name of the ticker to Viyon Corporation (VYNC) and filing a Form 15 to stop being an SEC flier. During this time VYNC shared the same address as Hayter and Astrom's IBAC Corp (ICAN). A short time later in July of 2005, Viyon Corporation (VYNC) became First Guardian Financial Corporation (FGFC), a Commercial Real Estate company operating largely out of Canada with Abraham Rosenman as the new CEO. In 2006 the company did the common forward split followed by share selling and a reverse split a few months later seen often in Astrom tickers, but because there was no filings done between 2005 and 2010 it is impossible to figure out who may have received and sold shares during that time. Reacting to criticism received from investors due to the stocks poor performance, Rosenman put out a press release in September 2006 swearing that Hayter was no longer involved in the company after selling him the shell. According to a law suit filed by Mal Duszak against FGFC and its CEO, Abraham Rosenman, in January of 2007, Abraham Rosenman was a restaurant manager working for Edward Hayter over at IBAC Corp (ICAN) acting as a nominee CEO for Edward Hayter to use the FGFC shell for a pump & dump scheme which included several paid promotional campaigns and questionable share issuances to entities controlled by Edward Hayter like Windsor Capital. Later Daniel Burgess (Astrom/Hayter associate from PRRM and SYNS) was added as a Defendant because he conducted business for FGFC including acquiring the domain name for the company. Astrom wasn't named in the lawsuit or in any press releases but with so many New York business entities and Edward Hayter involved in FGFC it is hard to imagine that Astrom didn't have his paws in there at least a little bit. The case was settled out of court in September of 2007 and dismissed. In May of 2007 FGFC briefly became New Capital Funding Corp (NCFC) then in October of 2007 it was changed again to Ulysses Holding Corp (UHCR). In 2008 the shell became Ulysses Diversified Holding Corp (UDHR). In 2012 UDHR became JNS Holdings Corporation (JNSH) and the CEO was Brian Howe. Brian Howe was from Illinois just like the Brian Howe that had bought the MWKI shell from Richard Astrom in August of 2014 causing it to become EVAS later leading to Howe filing a lawsuit against Astrom alleging fraud, breach of contract, and unfair enrichment among other things. Obviously it is the same Brian Howe especially since JNSH got involved in the EV charging industry which probably means that Astrom was involved in the JNSH shell with Hayter as recently as 2012 selling the shell to Howe. JNSH has seen some dilution in 2014 and 2015 but it hasn't been out of control. Financial statements look clean of any current Astrom presence but it's hard to be sure. The ticker still trades today with Brian Howe as the CEO. The other CIK number for Millennium Capital Inc was revoked by the SEC on June 7, 2016.


James Monroe Capital Corp (JMON) - this ticker was hijacked by Michael Anthony in Nevada on March 21, 2005 when it was known as Argus Resources Inc. It was Micheal Anthony's first ever hijacking and it was done for Richard Astrom illegally without going through the Nevada court system using a custodianship petition. After hijacking the shell Michael Anthony immediately moved it to Delaware by merging it with an entity named 1st Global Petroleum Group Inc which was set-up by Astrom associate Carlos Fernandez of the PRRM shell. The name of the public ticker was changed to 1st Global Petroleum Group Inc. By July 11, 2005, Richard Astrom had his son-in-low Damian Guthrie planted as the CEO and the name of the ticker was changed again to Commonwealth American Financial Group, Inc (CWMF). Astrom wasted no time in doing a Form D filing to register stock to Pennsylvania entities to be dumped into the market. We've seen Edward Hayter and Richard Astrom use Form D filings in other tickers to issue stock to Pennsylvania entities to be dumped into the market with the help of Laura Anthony and Michael Spadaccini. By November of 2005, Astrom associate Kristen Mary Ryals had become the CEO. By May of 2006 the name/ticker was changed again to James Monroe Capital Corp (JMCP) with the Issuer becoming an Illinois based Real Estate investment company under new management on paper. Another Form D filing was done in May of 2006 to issue more stock most likely to Hayter/Astrom controlled entities and a slew of press releases were done in May of 2006 and for the next two years Chris McGovern, Taylor Moffitt, and Frank Love put out scammy press release full of lies that never came true while the stock was diluted to no bid including a big 1:10,000 reverse split in February 2008 to help start the dumping over again. This 2012 OTC filing showed that the shell still owed $91,000 to the former shareholders from 2006 (Astrom and crew) convertible into 16,143,178,986 shares. JMCP/JMON, Moffitt, and McGovern were well linked to Originally New York Inc (ONYI) which was well linked to John Rivera (Rivera served as the Chairman of the Board starting in 2007). ONYI still trades today as GRCO with Laura Anthony as its current legal counsel. At some point the stock symbol for James Monroe Capital Corp was changed from JMCP to JMON and the ticker still trades today.

ICBS Limited (ICBT) - Edward Hayter has some tie to this shell I just haven't been able to sort it out because of lack of public information. Through his IHUB alias, Hayter posted on this forum often starting in 2006 when Garth McIntosh took over as the CEO, and one of Hayter's employees at BIH Corp, Kimi Royer, was very much involved in both ICBS Limited (ICBT) and USG1, Inc/Cannawealth Minerals Corp (another Garth McIntosh linked Issuer).

[fung_derf]

Worth saving from Mark Cuban....

The Idiots Guide to High Frequency Trading
Posted on April 3, 2014
First, let me say what you read here is going to be wrong in several ways. HFT covers such a wide path of trading that different parties participate or are impacted in different ways. I wanted to put this out there as a starting point . Hopefully the comments will help further educate us all

1. Electronic trading is part of HFT, but not all electronic trading is high frequency trading.

Trading equities and other financial instruments has been around for a long time. it is Electronic Trading that has lead to far smaller spreads and lower actual trading costs from your broker. Very often HFT companies take credit for reducing spreads. They did not. Electronic trading did.

We all trade electronically now. It’s no big deal

2. Speed is not a problem

People like to look at the speed of trading as the problem. It is not. We have had a need for speed since the first stock quotes were communicated cross country via telegraph. The search for speed has been never ending. While i dont think co location and sub second trading adds value to the market, it does NOT create problems for the market

3. There has always been a delta in speed of trading.

From the days of the aforementioned telegraph to sub milisecond trading not everyone has traded at the same speed. You may trade stocks on a 100mbs broadband connection that is faster than your neighbors dial up connection. That delta in speed gives you faster information to news, information, research, getting quotes and getting your trades to your broker faster.

The same applies to brokers, banks and HFT. THey compete to get the fastest possible speed. Again the speed is not a problem.

4. So what has changed ? What is the problem

What has changed is this. In the past people used their speed advantages to trade their own portfolios. They knew they had an advantage with faster information or placing of trades and they used it to buy and own stocks. If only for hours. That is acceptable. The market is very darwinian. If you were able to figure out how to leverage the speed to buy and sell stocks that you took ownership of , more power to you. If you day traded in 1999 because you could see movement in stocks faster than the guy on dial up, and you made money. More power to you.

What changed is that the exchanges both delivered information faster to those who paid for the right AND ALSO gave them the ability via order types where the faster traders were guaranteed the right to jump in front of all those who were slower (Traders feel free to challenge me on this) . Not only that , they were able to use algorithms to see activity and/or directly see quotes from all those who were even milliseconds slower.

With these changes the fastest players were now able to make money simply because they were the fastest traders. They didn’t care what they traded. They realized they could make money on what is called Latency Arbitrage. You make money by being the fastest and taking advantage of slower traders.

It didn’t matter what exchanges the trades were on, or if they were across exchanges. If they were faster and were able to see or anticipate the slower trades they could profit from it.

This is where the problems start.

If you have the fastest access to information and the exchanges have given you incentives to jump in front of those users and make trades by paying you for any volume you create (maker/taker), then you can use that combination to make trades that you are pretty much GUARANTEED TO MAKE A PROFIT on.

So basically, the fastest players, who have spent billions of dollars in aggregate to get the fastest possible access are using that speed to jump to the front of the trading line. They get to see , either directly or algorithmically the trades that are coming in to the market.

When I say algorithmically, it means that firms are using their speed and their brainpower to take as many data points as they can use to predict what trades will happen next. This isn’t easy to do. It is very hard. It takes very smart people. If you create winning algorithms that can anticipate/predict what will happen in the next milliseconds in markets/equities, you will make millions of dollars a year. (Note:not all algorithms are bad. Algorithms are just functions. What matters is what their intent is and how they are used)



These algorithms take any number of data points to direct where and what to buy and sell and they do it as quickly as they can. Speed of processing is also an issue. To the point that there are specialty CPUs being used to process instruction sets. In simple terms, as fast as we possibly can, if we think this is going to happen, then do that.

The output of the algorithms , the This Then That creates the trade (again this is a simplification, im open to better examples) which creates a profit of some relatively small amount. When you do this millions of times a day, that totals up to real money . IMHO, this is the definition of High Frequency Trading. Taking advantage of an advantage in speed and algorithmic processing to jump in front of trades from slower market participants to create small guaranteed wins millions of times a day. A High Frequency of Trades is required to make money.

There in lies the problem. This is where the game is rigged.

If you know that by getting to the front of the line you are able to see or anticipate some material number of the trades that are about to happen, you are GUARANTEED to make a profit. What is the definition of a rigged market ? When you are guaranteed to make a profit. In casino terms, the trader who owns the front of the line is the house. The house always wins.

So when Michael Lewis and others talk about the stock market being rigged, this is what they are talking about. You can’t say the ENTIRE stock market is rigged, but you can say that for those equities/indexs where HFT plays, the game is rigged so that the fastest,smart players are guaranteed to make money.



6. Is this bad for individual investors ?

If you buy and sell stocks, why should you care if someone takes advantage of their investment in speed to make a few pennies from you ? You decide, but here is what you need to know:

a. Billions of dollars has been spent to get to the front of the line. All of those traders who invested in speed and expensive algorithm writers need to get a return on their investment. They do so by jumping in front of your trade and scalping just a little bit. What would happen if they weren’t there ? There is a good chance that whatever profit they made by jumping in front of your trade would go to you or your broker/banker.

b. If you trade in small stocks, this doesn’t impact small stock trades. HFT doesn’t deal with low volume stocks. By definition they need to do a High Frequency of Trades. If the stocks you buy or sell don’t have volume (i dont know what the minimum amount of volume is), then they aren’t messing with your stocks

c. Is this a problem of ethics to you and other investors ? If you believe that investors will turn away from the market because they feel that it is ethically wrong for any part of the market to offer a select few participants a guaranteed way to make money, then it could create significant out flows of investors cash which could impact your net worth. IMHO, this is why Schwab and other brokers that deal with retail investors are concerned. They could lose customers who think Schwab, etc can’t keep up with other brokers or are not routing their orders as efficiently as others.

7. Are There Systemic Risks That Result From All of This.

The simple answer is that I personally believe that without question the answer is YES. Why ?

If you know that a game is rigged AND that it is LEGAL to participate in this rigged game, would you do everything possible to participate if you could ?

Of course you would. But this isn’t a new phenomena. The battle to capture all of this guaranteed money has been going on for several years now. And what has happened is very darwinian. The smarter players have risen to the top. They are capturing much of the loot. It truly is an arms race. More speed gives you more slots at the front of the lines. So more money is being spent on speed.

Money is also being spent on algorithms. You need the best and brightest in order to write algorithms that make you money. You also need to know how to influence markets in order to give your algorithms the best chance to succeed. There is a problem in the markets known as quote stuffing. This is where HFT create quotes that are supposed to trick other algorithms , traders, investors into believing their is a true order available to be hit. In reality those are not real orders. They are decoys. Rather than letting anyone hit the order, because they are faster than everyone else, they can see your intent to hit the order or your reaction either directly or algorithmically to the quote and take action. And not only that, it creates such a huge volume of information flow that it makes it more expensive for everyone else to process that information, which in turn slows them down and puts them further at a disadvantage.

IMHO, this isn’t fair. It isn’t a real intent. At it’s heart it is a FRAUD ON THE MARKET. There was never an intent to execute a trade. It is there merely to deceive.

But Order Stuffing is not the only problem.

Everyone in the HFT business wants to get to the front of the line. THey want that guaranteed money. In order to get there HFT not only uses speed, but they use algorithms and other tools (feel free to provide more info here HFT folks) to try to influence other algorithms. It takes a certain amount of arrogance to be good at HFT. If you think you can out think other HFT firms you are going to try to trick them into taking actions that cause their algorithms to not trade or to make bad trades. It’s analogous to great poker players vs the rest of us.

What we don’t know is just how far afield HFT firms and their algorithms will go to get to the front of the line. There is a moral hazard involved. Will they take risks knowing that if they fail they may lose their money but the results could also have systemic implications ?. We saw what happened with the Flash Crash. Is there any way we can prevent the same thing from happening again ? I don’t think so. Is it possible that something far worse could happen ? I have no idea. And neither does anyone else

It is this lack of ability to quantify risks that creates a huge cost for all of us. Warren Buffet called derivatives weapons of mass destruction because he had and has no idea what the potential negative impact of a bad actor could be. The same problem applies with HFT. How do we pay for that risk ? And when ?

When you have HFT algorithms fighting to get to the front of the line to get that guaranteed money , who knows to what extent they will take risks and what they impact will be not only on our US Equities Markets, but also currencies, foreign markets and ? ? ?

What about what HFT players are doing right now outside of US markets ? All markets are correlated at some level. Problems outside the US could create huge problems for us here.

IMHO, there are real systemic issues at play.

8. So Why are some of the Big Banks and Funds not screaming bloody murder ?

To use a black jack analogy , its because they know how to count cards. They have the resources to figure out how to match the fastest HFT firms in their trading speeds. They can afford to buy the speed or they can partner with those that can. They also have the brainpower to figure out generically how the algorithms work and where they are scalping their profits. By knowing this they can avoid it. And because they have the brain power to figure this out, they can actually use HFT to their advantage from time to time. Where they can see HFT at work, they can feed them trades which provides some real liquidity as opposed to volume.

The next point of course is that if the big guys can do it , and the little guys can let the big guys manage their money , shouldn’t we all just shut up and work with them ? Of course not. We shouldn’t have to invest with only the biggest firms to avoid some of the risks of HFT. We should be able to make our decisions as investors to work with those that give us the best support in making investments. Not those who have the best solution to outsmarting HFT.

But more importantly, even the biggest and smartest of traders , those who can see and anticipate the HFT firms actions can’t account for the actions of bad actors. They can’t keep up with the arms race to get to the front of the line. Its not their core competency. It is a problem for them, but they also know that by being able to deal with it better than their peers, it gives them a selling advantage. “We can deal with HFT no problem”. So they aren’t screaming bloody murder.

9. So My Conclusion ?

IMHO, it’s not worth the risk. I know why there is HFT. I just don’t see why we let it continue. It adds no value. But if it does continue, then we should require that all ALGORITHMIC players to register their Algorithms. While I’m not a fan of the SEC, they do have smart players at their market structure group. (the value of going to SEC Speaks:). While having copies of the algorithms locked up at the SEC wont prevent a market collapse/meltdown, at least we can reverse engineer it if it happens.

I know this sounds stupid on its face. Reverse engineer a collapse ? But that may be a better solution than expecting the SEC to figure out how to regulate and pre empt a market crash

10…FINAL FINAL THOUGHTS

i wrote this in about 2 hours. Not because i thought it would be definitive or correct. I expect to get ABSOLUTELY CRUSHED on many points here. But there is so little knowledge and understanding of what is going on with HFT, that I believed that someone needed to start the conversation

[fung_derf]

Adam Barnett news...

http://www.miamiherald.com/news/local/crime/article19629777.html

Cops: Miami businessman with sketchy past planned murder of key witness

A fake tombstone used to try and convince Miami defendant Adam Barnett that the victim in his case had been murdered. Adam Barnett Maggy Caceres A fake tombstone used to try and convince Miami defendant Adam Barnett that the victim in his case had been murdered. Adam Barnett
1 of 3
Adam Barnett Miami-Dade Corrections
BY DAVID OVALLE

Adam Barnett worked hard to make an impression, a young Miami businessman who drove luxury cars and surrounded himself with beautiful young women.

He boasted a curious array of businesses and personal interests, owning dozens of properties, a beauty salon and an emerging oil company purportedly primed to tap a Texas gusher — not to mention a really impressive collection of Nike sneakers.

But that engaging and eclectic facade masked a dark side.

Barnett, 40, has never been convicted of a serious crime but police, former associates and court documents paint him as a penny-stock con artist who scammed millions of dollars, mercilessly stalked enemies and lured an underage teen into a tryst on South Beach — by posing on Facebook as a Hooters waitress offering big bucks and a Rolex to bed a rich guy.

That guy, Miami Beach police say, happened to be him. And, they say, he never paid up.

Police documents released last month allege that Barnett — jailed since 2012 after the duped teen reported him to police — even plotted to have his young accuser murdered while he was behind bars.

Authorities worked with a jail informant to unravel the murder plot. Now, Barnett and his assistant, a former college student and model named Maggy Caceres, 23, have been charged with conspiracy to commit murder.

“He’s pure evil,” said one Miramar businessman who was says he was stalked by Barnett, and also targeted in his jailhouse scheme. “He wreaks havoc everywhere he goes.”

Both Barnett and Caceres have pleaded not guilty and face trial. Barnett’s defense attorney, Miami-Dade Assistant Public Defender Lisa Lewis, declined to comment.

Prosecutors charged Barnett and Caceres in November 2014. But records detailing the alleged plot remained sealed until late March as investigators ensured no one else was involved.

Caceres’ attorney said the former Florida International University student’s arrest came as a shock to her family and that the girl was manipulated.

“Maggy is a lovely young woman who was very naive and was taken advantage of and used by Barnett,” said defense attorney Jeffrey Weiner. “She realizes that and we’re working to favorably resolve the case on her behalf.”

Most of Barnett’s former associates were hesitant to talk. Several who spoke to the Herald did not want their identities revealed for fears of lawsuits — or for their own safety.

Raised in South Florida, Barnett worked as a manager at a Miami investment firm in the late 1990s. One former associate described him as punctual and extremely organized. “Bordering on OCD,” the associate said at a court hearing.

The first whiff of trouble came in the mid-2000s, when his company was targeted by law enforcement in a long-running scam to sell often-worthless “penny” stocks in nine companies that court documents say were nothing more than “hollow shells.”

Federal prosecutors say the group issued bogus press releases and Internet postings to create buzz for the sham companies. One of then, CMKM Diamonds, used “phony maps and fabricated videos” to convince investors it operated lucrative gold and gem mines in Africa, according to court documents.

Ten people were indicted in Las Vegas for securities fraud in a scheme believed to have bilked more than $70 million from investors. Several defendants are scheduled for federal trial this fall; Barnett, however, was not charged.

Barnett’s company, OMDA Oil and Gas, was part of the ring and billed itself as an emerging “serious player” in the energy business. Press releases touted the company’s improving financial fortunes, particularly with the “Concord Dome prospect,” a 167-acre field in Texas the company said was expected to produce more than one million barrels of oil.

“We expect Concord Dome to be a highly profitable project for many years to come,” Barnett said in a 2010 press release.

OMDA managed to sell millions of shares of stock to unwitting investors who shelled out at least $1.9 million, according to a federal indictment.

John Young, an Ohio investor, said that many people were lured in by Barnett’s affable nature and frequent company updates on online message boards. But as the months dragged on, he said it became clear the company was a scam. Young said Barnett used the threat of lawsuits to keep investors quiet.

“He used a lawyer as a gun. He sued practically everybody he came into contact with,” said Young, who lost more than $200,000 in stock purchases.

Another victim was Keith Houser, the head of a legitimate Texas company called BioTech Medical, which was working to produce lasers to be used in the medical field.

Houser recalls meeting Barnett a luncheon in Las Vegas in late 2003, a pretty young woman draped on his arm, “Mr. Barnett was referred to us as a guru who would help us raise $5 million in investments,” Houser said.

But according to court filings Barnett and the others illegally sold millions of shares – worth nearly $10 million – and pocketed the money meant to go to BioTech. Amid a flurry of suits and countersuits, Houser said Barnett began posting online “personal attacks” about him and his wife.

“He’s really a menace to society,” Houser said.

Back in Florida, where he owned over two dozen properties in Florida and a Kendall beauty salon, business associates began to grow alarmed.

In 2008, Miami police arrested him on charges of stalking after a former stylist at the salon complained he had been sending threatening text messages, then vandalized her car at the Coconut Grove mall CocoWalk. “My mission in life now is to punish you,” he texted her, according to court documents.

Prosecutors, unable to prove the charges, wound up dropping the case.

Barnett was a restraining-order magnet. In November 2011, a woman sought to keep Barnett away from her, saying he demanded $50,000 of her inheritance from a dead business partner. She reported two of her cars were vandalized. He was not charged.

The same year, Barnett had a falling out with a Miramar man with whom he had worked. After their relationship soured, Barnett filed a lawsuit, then began sending strange e-mails using an alias.

The businessman, who asked his name not be used to protect his family, discovered someone has thrown a brick through a sliding glass door and spray painted a wall. “I love what you’ve done with the place,” one of the e-mails read.

A man resembling Barnett was also captured on video surveillance stealing mail from the man.

He was convicted on a misdemeanor stalking charge, records show, and put on probation. One former secretary also accused Barnett of sending threatening e-mails and taking photos of her house after their relationship soured. “He’s a sociopath,” the woman told a judge in 2012.

She testified that Barnett had “many girlfriends” despite his marriage in 2007 to a Polish-born woman he met on a business trip in New York. “He liked to target people with low income, young and girls that were in need of papers or the money,” the secretary testified.

It was the pursuit of another young woman that finally landed him behind bars.

Prosecutors say that in the fall of 2012, Barnett set up a fake Facebook page — purporting to be a Hooters waitress named Janet Rodriguez — with the aim of befriending a 17-year-old Broward County girl.

Through Facebook messages, “Janet” later arranged a sexual tryst with a “wealthy friend” who promised to pay the teen $10,000 and a Rolex watch, according to an arrest warrant. The teen agreed and wound up having sex with the man at the Richmond Hotel on Miami Beach.

Afterward, at the hotel elevator, Barnett gave the girl a key card and told her to retrieve her money from the hotel room safe, police said. But the key didn’t work and Barnett split. “She realized that she had been tricked,” Miami Beach Detective Sarah Szuster testified at one hearing.

He was charged with sex crimes and human trafficking. A judge ordered him held without bail.

Behind bars, Barnett continued working with his new assistant, Caceres, the aspiring model. Caceres sent him mail to the jail, for instance, including photos of adult film stars, a local news weather woman and “the girl from Beverly Hills Ninja.”

According to an arrest warrant, Barnett in the fall of 2013 approached a fellow inmate with plans to kill the teen victim — as well as one of his ex-lawyers.

He also wanted his former Miramar associate shot in the legs “so he could never run” marathons again, according to an arrest warrant. The informant claimed he had “people” on the outside that could complete the plans.

Using Caceres, Barnett began raising money by selling his beloved collection of Nike sneakers online, and brow-beating his mother into giving him thousands as “a way to get proper justice,” he said on a recorded jail call.

Caceres delivered the money to the informant’s associates, police said. But unbeknownst to Barnett, the informant was secretly working with authorities, who analyzed Barnett’s jail calls to help cement their case. In December 2013, the informant told Barnett that the girl was dead, the warrant said.

As proof, the informant had someone create altered images depicting the girl as dead. The informant also showed him a fake tombstone — photographed at a real cemetery — to prove the hit happened. The informant told police that Barnett “is sick but very serious about these things.”

[fung_derf]

A very good summation of evidence by C Luce.....


mretgnol Wednesday, 10/14/15 09:46:16 PM
Re: pontiyak post# 346690
Post #
346711
of 346719 Go
Quote:
Sadly many of us found out too late to bail.


Bull.

The minute it was exposed that Paul Applebaum had mentioned there were over 2 billion PCBM shares that he knew of and Slurpy was using everyone, the PCBM RagingBull message aholes went into overdrive to libel, slander, and squash those rumors. People exposing the lies were accused of being "shorty". It was like watching 600 idiots drink the Jim Jones koolaid.

Surfit, Treffry, Cline, Ramsey, AlanC, Silvergullet and Schlicks being the worst.

Those people led the sheep right over the cliff on how many other stocks? At one point, AlanC and Cline were pumping a stock while Patrick Downs was under indictment for unloading 8 billion unregistered shares and they were telling people it would be bought out for $2.67 per share. Run Kev. Run away from these pieces of crap.

When they mentioned Howard Bronson wanted to bring institutional investors to CMKX....when Howard had died a year earlier from complications due to lung surgery.....you should have stopped even thinking of CMKX.

The whole "PCBM must have swapped shares with CMKX" was crushed because you cannot swap unregistered shares. Then, the whole "CMKX stole DeBeers land" fell apart when Linda Dorrington was called directly. That led to the Jade collection scam being exposed when the appraiser wrote an email stating she never said so.

The fact that the same message board posters pumped so many scams time after time was the warning sign to stay away. Tref from his time at Econnect. Cline pumping away at shell corps with no operations, SilverHo, Ramsey pumping GBDX with "gubbly33", a place the size of a phone booth.

Remember the Corbel disaster? Cline actually was telling people shorty opened the stock for trading. That's how stupid she is.

By: andy_dufrense
14 Nov 2004, 04:06 PM EST
Msg. 834 of 14414
(This msg. is a reply to 831 by webmoney.)
Jump to msg. #
Stocks I invested in..

that I went on the chatboards to giv e positive feedback...

DNAP.. bought in at .02 and sold at .13
ECNI.. bought in at .10 and sold at $5.00
PCBM.. bought in at .02 and sold (partial) at .23
ONMC.. bought in at.003 and sold at .012
CBLH.. bought in at .02 and is currently at .25

Many stocks I have told about were longer plays, like CBLH and others were short run plays, like ONMC or IVSO...

If I tell people about a stock tip I have and it doubles, if the people do not get out to at least cover their investment, that is their fault. Everyone of those stocks allowed for huge profits ...taking them are the responsibility of the investor... I gave them the good stock tip, do I have to hold their hands the entire way through?

Just because the bashers are too stupid to take profits and not attack me out of bitterness, that is their own fault ..

ragingbull.quote.com/mboard/boards.cgi?board=BTMD&read=834



By: IBAFT $$$$$
27 Feb 2001, 01:19 PM EST Msg. 242707 of 723869

Folks.. this is our one chance to own the MM's

Just hang in there.. do not sell.. the MM's have all of these bashing Elgindyswine out in incredible force today in an effort to destroy this stock. They are scared to death of the solidarity on this board. Hold tight and we will see many dollars on this stock!! Go baby go!!! MM.s eat sjit!


IBAFT $$$$$
23 Feb 2001, 12:42 PM EST Msg. 232023 of 762290

NOTHING BUT UPSIDE..DON'T SELL ON THE DIPS..

THE MM'S ARE STILL SHORTING THE STOCK TO DRIVE THE PRICE DOWN TO SCARE YOU INTO THINKING THAT IT WILL DROP THROUGH THE FLOOR. SIMPLE FACTS TO CONSIDER:

1. PCBM HAS BEEN RADICALLY SHORTED, IN AN AMOUNT ESTIMATED TO BE ABOUT 300-500 MILLION...

2. THERE WILL BE ONLY ABOUT 30-50 MILLION ACTUAL, CERTIFICATE-BACKED SHARES
AVAILABLE ...

3. IF THE MM'S AND BROKERAGE HOUSES DO NOT POSSESS ACTUAL CERTIFICATE-BACKED SHARES BY THE DIVIDEND DATE (MARCH 2, OR WHATEVER GRACE PERIOD AFTER THAT DATE), THEY WILL NOT BE ABLE TO DELIVER THE DIVIDEND TO THE SHAREHOLDERS. THEREFORE, THEY HAVE TO BUY THROUGH ALL THE CYBER-SHARES FIRST TO GET TO THE CERTIFICATE-BACKED SHARES.

4. SUPPLY AND DEMAND EQUATION TO CONSIDER: IN A MATTER OF DAYS THE MM'S HAVE TO COVER HUNDREDS OF MILLIONS OF SHARES, PLACING A RADICAL DEMAND ON THIS STOCK. IF YOU DO NOT SELL, WE HAVE THE POWER IN OUR HANDS TO SEND THE STOCK
AS HIGH AS WE WANT! THE MM'S HAVE TO PAY WHATEVER WE HOLD OUT FOR OR FACE THE POTENTIAL OF NOT BEING ABLE TO DELIVER A DIVIDEND.

5. FACT: WE OWN THE MM'S RIGHT NOW. THIS IS A GOLDEN OPPORTUNITY TO TEACH THOSE SCUMBAGS A LESSON THEY WILL NEVER FORGET!

HOLD ON TIGHT.. DO NOT SELL!!!! CONSIDER AN EXIT STRATEGY OF SMALL PORTIONS FIRST BUT NOT TOO EARLY. LAUGH AT THE LOSER BASHERS... THEY ARE DESPERATE AS ARE THEIR BOSSES.. HAHAHAHA WE OWN THEM.... FOR ONCE.. WE ARE BACK IN CONTROL!!!


By: IBAFT
09 Dec 2000, 02:27 AM EST Msg. 278759 of 699100
Jump to msg. #


Conservative figures.. $2.25 billion per month!

1. 75 million merchants exposed to ECNC
2. A conservative 1% use ECNC technology or 750,000 merchants.
3. At $1.00-$1.50 per swipe, an average of $100.00 per day per merchant or approximately $3,000.00 per month.
4. $3,000.00 per month multiplied by 750,000 perchants equals $2.25 BILLION per month in revenues.

Nothing exact mind you, in fact since ECNC has the best technology, I could see nnot 1% use it, but more like 25%-50% use it.

Bashers..don't go away mad..just go away..hahahahahah



AllanT
Member since Nov-4-02
570 posts Dec-19-02, 04:44 PM (PDT)

"Off Topic... Stock Tip..."

Get into PCBM .. priced at .0004 (yes, 25 shares for a penny).. the company is working towards trying to break a huge alleged shorted position.. if successful, the price could skyrocket. For a mere $400.00, you could own 1 million shares.. I believe deeply that you will not be sorry... my advice for the day.. take it or leave it...
Good luck to all...

AFT
23'6" Key West Cuddy"

[fung_derf]

CMKM defendants see Spooner plead guilty

2015-09-10 09:45 CT - Street Wire

by Mike Caswell

Melissa Spooner, one of those connected to the pump-and-dump of CMKM Diamonds Inc., has pleaded guilty and agreed to testify for the government. She entered the plea in an appearance before Nevada Judge Jennifer Dorsey on the morning of Tuesday, Sept. 8. The judge allowed her to remain free until sentencing, set for Dec. 14, 2015.

Prosecutors claim that Ms. Spooner, a resident of Pennsylvania, participated in the sale of 2.2 billion unregistered shares in a handful of companies that arose from the same conspiracy that produced CMKM. While much of the attention surrounding the case has focused on CMKM, the government alleged there was a conspiracy to fraudulently sell shares of several companies. Ms. Spooner's role was to help sell shares of companies other than CMKM, prosecutors say. The amounts involved with those companies are small when compared with CMKM, but the sales still totalled over $10-million, according to the government. (All figures are in U.S. dollars.) It is not clear how much of that was attributable to Ms. Spooner, but her plea agreement includes a term that she make restitution of $3.3-million.

Undoubtedly of more concern for her co-defendants is the strong possibility that Ms. Spooner could end up testifying against them in return for a reduced sentence. Her plea agreement includes a term that she provide "complete and truthful information and testimony" at the government's request. In order to qualify for a reduced sentence, her co-operation must be substantial. Her plea agreement does not set out exactly what information she must provide, but it must be sufficient to satisfy the prosecution before she will qualify for a reduction.

This could be of particular concern to Ms. Spooner's former boyfriend, Jeffrey Turino, who is in jail awaiting trial. As part of her plea agreement, Ms. Spooner has admitted that she served as one of his nominees and that she was the president of a private entity he set up called Mountain Passages Inc. That entity sold shares during the pump-and-dumps of four companies, according to the government.

While Ms. Spooner's plea agreement has her aiding those pump-and-dumps, it describes her role with the scheme as relatively minor. In 2006, she opened several brokerage accounts through which she arranged the sale of fraudulently issued shares. The shares she was selling included those of Worldwide Cannery, a company that purportedly produced and sold millions of dollars worth of seafood. In reality, the company was not producing products or profits, and was in fact defunct, the plea agreement states.

Despite that, Mr. Turino and others created interest in the company through the issuance of many misleading news releases, according to the agreement. They allegedly promoted both the seafood deal and later a deal to import and market diamonds. Meanwhile Ms. Spooner and Mountain Passages sold $1.4-million worth of stock in Worldwide Cannery and its successor, Global Diamond Exchanges Inc., according to the agreement.

Ms. Spooner admits to participating in similar schemes with other listings as well. Her plea agreement lists them as Equitable Mining Corp., OMDA Oil and Gas Inc., and Grand Entertainment and Music Inc. In all, she has admitted to participating in the sale of at least two billion fraudulently issued shares.

Besides Mr. Turino, the defendants that Ms. Spooner's plea agreement mentions by name include John Edwards, the U.K. citizen who allegedly masterminded the promotions of CMKM and other companies. Also named is Nickolaj Vissokovsky, who divided the proceeds of the sales from four pump-and-dumps with Ms. Spooner and Mr. Turino, according to the plea agreement. Another name that frequently appears is Helen Bagley, the now-dead transfer agent who prosecutors claimed facilitated many share transfers as part of the scheme.

While it is not entirely certain what Ms. Spooner could testify about, there is some certainty in her sentence. She faces a maximum of five years, and will likely receive a considerably shorter term. Assuming that she fulfills all the conditions of her plea agreement, prosecutors have agreed to recommend a sentence in the low end of her sentencing range.

The CMKM indictment

The charges in the case are contained in an 87-page superseding indictment filed on March 24, 2010, in the District of Nevada. Prosecutors mostly complained about the promotion of CMKM, citing Mr. Edwards and Saskatchewan's Urban Casavant (who died on Feb. 14, 2014, during a routine surgical procedure) for a scheme in which they caused CMKM's outstanding share total to reach an extraordinary 800 billion shares. Although CMKM purported to be exploring for diamonds, its sole product was the massive number of shares that the company's "printing presses" turned out, the indictment stated.

Urban Casavant
123 PEOPLE
Urban Casavant
As the company was churning out shares, Mr. Casavant and Mr. Edwards embarked on a two-year promotion that, according to prosecutors, attracted as many as 40,000 investors. The promotion, as described in the indictment, reached its peak in 2004 when the company started sponsoring a racing team called "CMKXtreme." The team participated in a series of races, sporting vehicles with the company's stock symbol. Attendees wore shirts with slogans such as "Got CMKX?" Mr. Casavant frequently attended the races as well.

Despite the substantial promotion, the company remained a hollow corporate shell, according to prosecutors. Although purportedly a multinational diamond exploration company, it never commercially produced or sold diamonds. Eventually the U.S. Securities and Exchange Commission halted the stock, citing questions about the accuracy of publicly available information on the company.

The charges in the case include conspiracy, fraud, insider trading, money laundering and racketeering. The defendants awaiting trial are: Mr. Edwards, Mr. Turino and Mr. Vissokovsky, as well as Brian Dvorak, Ginger Gutierrez, and James Kinney. All have pleaded not guilty. With the exception of Mr. Turino and Mr. Edwards, all are also free until trial. (A seventh defendant, Jeffrey Mitchell, pleaded guilty and, like Ms. Spooner, agreed to co-operate with the prosecution in return for a reduced sentence recommendation.) The trial, which has been delayed many times, is set for March 22, 2016.

(Further information regarding CMKM Diamonds and associated companies can be found in 85 Stockwatch articles dated Oct. 21, 2003; June 22; Sept. 16 and 24; Oct. 1, 15 and 20, 2004; Feb. 11, 14, 18, 22 and 23; March 1, 3, 4, 7, 14, 15, 16 and 21; June 6, 8, 9, 10, 13, 14, 15, 16, 17, 20, 21, 22, 29 and 30; July 1, 4, 6, 12 and 13; Aug. 2, 5 and 9; Sept. 7, 12, 27 and 30; Oct. 24, 26 and 31; Nov. 7, 11, 22 and 25; Dec. 1, 6, 9, 15 and 22, 2005; Jan. 3; Sept. 29; Oct. 4, 2006; Aug. 30, 2007; and April 7, 9, and 11, 2008; Sept. 21, 2009; Feb. 17 and 23; March 2, 5 and 10, 2010; May 18, 2010; Nov. 7, 2011; Jan. 20, April 25, Sept. 26, and Oct. 24, 2012; and Sept. 30, 2013, Oct. 7, 2013, Feb. 20, 2014, May 13, 2014, Aug. 14, 2014, Oct. 7, 2014, Dec. 3, 2014, and Jan. 29, 2015.)

© 2015 Canjex Publishing Ltd. All rights reserved.

[fung_derf]

willy wizard again admitting he made a deal with Chris Jensen.....

help me Member Level Monday, 08/10/15 12:41:45 PM
Re: fung_derf post# 346026
Post # of 346029
Yes I was that stupid to give Jensen $8,000 four years ago and got shiat for it just his lip service how he was going to compensate me...funny now I have samplcaveman at EXMT, he was just paid, calling me saying he can get me taken care off then he posts doubt they will take care of me lol...seriously Jensen can keep the $8k I am going to make his life and Rick's life miserable at IHUB>>>much more self gratification (I don't need the money now but I did awhile back)...if I told you how much these assholes have cost me over the years you would...all you message board terrorists think I made money of their deals well you are so fricking wrong...all they do is promise to keep you onside but I am nit onside thyink they criminals...seriously...

Willy