Atlas Technology International Inc. (fka ATLT)

[samsamsamiam]

SEC Charges Stock Promoter with Market Manipulation

Litigation Release No. 25167 / August 13, 2021

Securities and Exchange Commission v. Ahmad Haris Tajyar and Eric Leo Marsoubian, No. 2:21-cv-06557 (C.D. Cal. filed August 13, 2021)

The Securities and Exchange Commission today charged Ahmad Haris ("Harry") Tajyar, a resident of Porter Ranch, California and a securities fraud recidivist, with engaging in manipulative trading and a false promotional scheme.

According to the SEC's complaint, filed in the United States District Court for the Central District of California, from February through November 2017, Tajyar engaged in manipulative trading in the stock of Atlas Technology International, Inc. ("Atlas"), including wash sales, matched orders, and marking the close. From September through November 2017, Tajyar allegedly engaged in a fraudulent campaign to promote Atlas stock in order to manipulate the price and trading volume of the stock. During his promotional campaign, Tajyar allegedly made materially false and misleading statements and omissions designed to give the impression that neutral third parties were interested in Atlas and that he was neither buying nor selling Atlas stock. Tajyar's alleged scheme allowed him to profitably sell Atlas shares he controlled in the open market.

The SEC's complaint charges Tajyar with violations of Section 17(a) of the Securities Act of 1993, and Sections 9(a)(1), 9(a)(2), and 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the allegations, Tajyar consented to the entry of an order, subject to court approval, that imposes against him a penalty of $219,604, a penny stock bar, undertakings, and injunctive relief. The order also would permanently enjoin Tajyar from directly or indirectly promoting any issuer of any security, causing the promotion of any issuer of any security, deriving compensation from the promotion of any security, or soliciting any person or entity to purchase or sell any security or hold any security as his nominee, and would further require Tajyar to surrender all Atlas shares he directly or indirectly holds to a transfer agent for cancellation. The SEC's complaint also names Eric Leo Marsoubian as a relief defendant, and Marsoubian has agreed, subject to court approval, to pay disgorgement of $15,267, plus prejudgment interest thereon of $2,512.

The SEC's investigation was conducted by Laura K. Bennett, Virginia M. Rosado Desilets, Robert Nesbitt, and Jennifer M. Clark, with assistance from trial counsel Samantha Williams. The matter was supervised by David A. Becker, Jan Folena, and Carolyn M. Welshhans.



https://www.sec.gov/litigation/complaints/2021/comp25167.pdf



Better late than never

[Renee]

ATLT registration revoked:

https://www.sec.gov/litigation/opinions/2021/34-90876.pdf

[TXtwister]

Where did you hear that they are doing well? I can't find any info that shows that. PM if you would like.

[PennySheik]

Wow! Sold my shares today and got most of my money back. Thought it was long gone. Weird action for a gray lately.

[No short]

Interesting that there is finally some movement on share price. I have held 5000 shares for a very long time. I know the company is doing very well financially. And has been signing lots of new contracts. We just need to get some trading going.

[NorfolkIP]

Appreciate the response Renee. I figured as much but wanted to double check before I told TD Ameritrade to make it go away.

[Renee]

ATLT was suspended in 2017 and the SEC added an Admin. Proceeding to revoke the company's stock registration on Sept. 6,2019. The Admin. Law Judge will imminently revoke Atlas Technology International Inc.'s stock registration where the stock will no longer trade and the ticker ATLT will no longer exist.

Admin. Proceeding Sept 6,2019

https://www.sec.gov/litigation/admin/2019/34-86893.pdf

Suspension

https://www.sec.gov/litigation/suspensions/2017/34-82204.pdf

Order:

https://www.sec.gov/litigation/suspensions/2017/34-82204-o.pdf

[NorfolkIP]

Does anyone see a reason not to get rid of my stock via a worthless security? I reached out to the company to make sure they aren't in business and haven't heard anything. About ready to pull the plug so I don't need to look at it anymore.

[Renee]

ATLT Admin. Proceeding to revoke the company's stock registration(s):

https://www.sec.gov/litigation/admin/2019/34-86893.pdf

[Huggy Bear]

Who knows? People do all kinds of dumb stuff in the OTC sewer. Like buying this in the first place.

[PennySheik]

Somebody bought 1700 shares at .10? Why would they do that?

[NorfolkIP]

I figured this would get ugly but not this ugly. Still no word from the company. Seems shady.

[NorfolkIP]

Looks like we are trading again. .0001. Lovely.

[LW89]

Look at the list of principals. You'll probably have to put a couple of documents together.

[Huggy Bear]

What can you tell us regarding Arc Capital? Is this AKA Arc View?

[Huggy Bear]

No. But the feds have resources that we do not. I suspect they will sort this all out.

[LW89]

Yes - you are correct on that. And Lynx is essentially their investor relations firm....or person. Money laundering and/or tax evasion seem like reasonable suspicions...especially with the company's increasingly bizarre corporate structure. There is no reason to have some of the subsidiaries they have.

I haven't found any past allegations associated with Arc Capital on laundering - have you?

[Huggy Bear]

ATLT is essentially Lynx Consulting Group LTD.

On July 5, 2016, Ms. Aguayo entered into two separate Stock Purchase Agreements for the sale of 13,000,000 and 3,000,000 shares of the Company’s common stock equivalent to her complete ownership of the Company with Ying-Chien Lin and LCG, respectively. Pursuant to the execution of the Stock Purchase Agreements, Mr. Lin and LCG owned approximately 62.5% and 14.4% of the total voting rights of the Company, respectively.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12380147

Atlas Tech Limited. (“Atlas Cayman Island”), a wholly-owned subsidiary of Atlas Trading, was incorporated on July 7, 2017 under the laws of the Cayman Islands for the purposes of tax planning and optimizing business capacity in terms of deal follows.

I think this is a money laundering operation, essentially, which is what triggered the SEC investigation.

Much of the information regarding Lynx Consulting Group LTD registered at 4301 Road Town, Tortola, BVI I first discovered researching another suspicious stock and it led me to the Panama Papers.

[LW89]

Is there a specific mention of Lynx? I know it is on the list of holders/vendors.

[Huggy Bear]

The SEC investigation of Lynx Consulting Group LTD is not a good sign either.

[lucky, mydog]

in a matched market like this it can take quite some time before buyers and sellers come to a meeting of the minds.

[PennySheik]

I think it's better than 80-90% loss on open. I never it expected to be flat today.

[NorfolkIP]

Officially open on the greys with zero volume. This is not a good sign.

[PennySheik]

Doesn't seem like anyone is even trying to get out yet.

[LW89]

Here's my bet. ATLT gets some absurd tender offer from a company out of nowhere.....ATLT will be the surviving entity.....merger never happens.....shareholders vote out management.....sell assets and recycle the shell.

See ADTM.

[lucky, mydog]

no

[Mark44]

post # 576 appears to be a response to a deleted post [ as per ] the message do u care to share with the board what the content of that post was..?

[lucky, mydog]

post number for what?

[Mark44]

What post number are u referring to LUCKY....?

[Mark44]

SEE YAHOO RE ATLT

[lucky, mydog]

lol. first, finra does not show any short interest in this ticker.

http://otce.finra.org/ESI

secondly, the grey market can not be shorted. so..............

[Huggy Bear]

To each their own indeed. I don't buy fraudulent securities.

[lucky, mydog]

when this opens on the grey market you should be able to buy for much, much lower.

[Mark44]

I would be a BUYER all day at the last closeing price or better BUT iam FULL which makes me almost as pissed off as iam at the SEC.

To each his own But i would take advantage of this mess and BUY BUY BUY

[Mark44]

Playing stupid games is not the way fprward, the co didnt do anthing wrong with intention.

SEC = morons u will see.

If i ran the co i would tell them to stick it and go private and be done with this circus and its costs and aggravation.

Some here belive its a grey mkt i dont happen to belive in guilty before inacent quite the oppsite.

SEC owes them a NO ACTION LETTER ....sec never admits there wrong after they cast a cloud over ATLT even that would be proper

[lucky, mydog]

nope. if that were the case hundreds of prior companies would have done that. a little suspension history is probably in order.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133446961

[lucky, mydog]

because finra is not going to approve a corporate change request for a company suspended for suspected fraud.

[PennySheik]

If they're on the grey market and didn't want to be that could be a way back to the OTC normal trading.

[Mark44]

why should they

[PennySheik]

True. Why couldn't a company change its name and trade under a different ticker?

[Mark44]

It wouldnt u would be PAID and thats the end of that.

Not what is likely to happen but certianly a option that exists with any co
subject to price

[PennySheik]

How can atlt trade if its private?

[Mark44]

Taglich EST will go way up and the price targert as soon as the air clears, due to sahre count reduction ...and more.

Float is now under 5 MILL ISH ...

[Mark44]

ATLT can take it private at $ 1.75 plus as far as iam concerned its worth $ 2.00 to $ 2.50 easy

They dont need any funding from the mkts and will print another record qtr.....i do belive

[LW89]

Agreed. There's a lot more to this than simply ATLT. And these people do their homework....maybe it isn't evident when one speaks to a paralegal (contacts on the sheet)...but it strikes me that parties involved in this stock have raised concerns for awhile.