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Someone is slowly buying up shares.
He’s a sh1t person. The judge in the mortgage case had some words for him. I can’t remember now. He also made it into to 6 o’clock news in his community. I exchanged a few emails with the reporter covering his criminal enterprise. Nicole is on the same level of morality as in none.
I thought I found something good, but it is before Bangi, not after Bangi. I miss when Mathew was helping me to invest.
https://www.theinfostride.com/beyonces-father-is-being-sued-for-alleged-fraud/?amp=1
When looking for reviews on Avvo.com about Nicole Birch, licensed for 18 years and undisciplined: "A very sharp person, knowledgeable with a high level of intellect", and "Genuine candid and honest attorney", is what I found regarding similar attorneys to her. She doesn't have any reviews currently so I researched with the similar attorneys function.
December 2017, Shumake pled guilty to two misdemeanor violations of the
Michigan Credit Services Protection Act, and on behalf of his business, to two
felony counts of obtaining money by false pretense, for improperly taking upfront
fees for mortgage audit services that he promised, but failed to deliver (People v.
Shumake, et al., Mich. 46th Jud. Dist. (Feb. 15, 2017)). The presiding court
sentenced Shumake to a probationary period of 18 months, during which time
Shumake was forbidden to work in a position where he could have “direct control
over, or access to, another person’s money.” Shumake ignored the terms of his
probation sentence. Before his probation ended in May 2019, he conducted the
Transatlantic Real Estate offering with Birch and set in motion the 420 Real Estate
offering with Jackson. Shumake owns and controls Shumoja Media Group, LLC (“Shumoja”), a purported marketing services company, which received money in
connection with the crowdfunding offerings.
https://www.sec.gov/litigation/complaints/2021/comp-pr2021-182.pdf
Is the end of the tunnel?
Will the criminals get any jail time for fraud?
Chances are slim to none.
I wish it would trade again lol….
Nikki still is not disbarred. Shumake, I can't find any updates on him
I do see the SEC closed the case on June 2nd for the others..
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Good question. Good sign? Thank you.
BNGI TRADING? LAST COUPLE OF DAYS? .0009?? T A VERIFIED YESTERDAY !https://www.otcmarkets.com/stock/BNGI/security 7.7B UNRESTRICTED O/S
Fake marijuana farm sold!
Location
Property address 3500 Via Real
Carpinteria, CA 93013
Lat/long 34.41342,-119.55439
Parcel ID 005-430-060
Owner
Name Southern California Edison Company
Address Not available
Purchase date 06/06/2022
Purchase price $8,000,000
Arm's length Yes
LOUIS ARMSTRONG AND ASSOCIATES, LLC
Company Number
201611210612
Status
Franchise Tax Board (Ftb) Suspended/Forfeited
Incorporation Date
18 April 2016 (about 6 years ago)
Company Type
DOMESTIC
Jurisdiction
California (US)
Registered Address
3500 VIA REAL
CARPINTERIA
93013
United States
Inactive Directors / Officers
JON GOLDSTEIN
MICHAEL DESALVO, agent
Registry Page
https://businesssearch.sos.ca.gov/CBS...
RSS feed icon
Recent filings for LOUIS ARMSTRONG AND ASSOCIATES, LLC
17 Mar 2020
SI-COMPLETE view
6 Nov 2019
SI-NO CHANGE view
27 Jun 2019
SI-COMPLETE view
9 Apr 2019
SI-COMPLETE view
4 Apr 2019
SI-COMPLETE
18 May 2018
SI-NO CHANGE
13 Jul 2017
SI-COMPLETE
29 Sep 2016
AMENDMENT view
see all filings
Source California Secretary of State, https://businesssearch.sos.ca.gov/CBS..., 4 Feb 2022
ADD DATA (WEBSITE, ADDRESS, ETC)
Company Addresses
MAILING ADDRESS
3500 VIA REAL, CARPINTERIA, CA, 93013
Company network
Not yet available for this company. Click to find out more
Latest Events
2021-01-30 - 2021-04-30
Addition of officer JON GOLDSTEIN,
2021-04-30 - 2022-02-03
Became inactive
2021-04-30 - 2022-02-03
Change of status from 'Active' to 'Franchise Tax Board (Ftb) Suspended/Forfeited'
I still don't see a new court date for Shumake.
Nikki is still a lawyer.
P&D would not concern many. Criminal actions may.
Out cycling yesterday, about 30 miles and ended up riding past the old Bangi HQ in Roswell GA. I wonder if the people living in the house know that a lot of what they bought was the result of a pump and dump ru
When will the RICO indictment be handed down?
Connect the dots.
Since she represented him, she should be indicted as well as disbarred for her conspiring with a known felon.
Along with the forfeiture cases in Atlanta and Los Angeles, Shumake was charged in Michigan with obtaining money under false pretenses, the document says. He also was arrested on felony drug-trafficking charges in California involving the possession of more than $100,000 in cash, the document says.
In her filing earlier this year, Nicole Birch, Shumake’s attorney in the Atlanta airport matter,
Read more at: https://www.charlotteobserver.com/news/local/crime/article222946285.html#storylink=cpy
Read more at: https://www.charlotteobserver.com/news/local/crime/article222946285.html#storylink=cpy
The jacka$$ lawyer should be disbarred. She has to know that the paid interview was a scam. Hell she was banging Shumake.
Well the SEC has gotten some settlements is an ongoing investigation. Shumake may have a good chance of criminal charges based on his history.
The others due to their complicity, could be roped in.
Reminder all parties are presumed innocent until the final outcome.
Is it coming to life or somebody is going to be inducted of some security fraud?
Wednesday, April 20, 2022
Text-Only Order of reassignment from District Judge Judith E. Levy in Ann Arbor to District Judge Matthew F. Leitman in Detroit pursuant to Administrative Order 22-AO-024. (SSch)
https://www.pacermonitor.com/public/case/41911846/United_States_Securities_and_Exchange_Commission_v_Shumake,_Jr_et_al
I feel like jelly roll…. Somebody save me
I believe multiple agencies received complaints from many individuals.
Waiting for the Shumake hearing and any update from the Georgia Bar.
It is nice to see that they are going after Fundana too. Sure, someone sent a email to Trucrowd documenting Shumake's past conviction. No worries.
Idiots and criminals all.
I wonder who sent that email. Was it the investigative reporter I conversed with? He had first hand experience with Bobby.
DEFENDANTS 11. Robert S. Shumake, age 53, resides in Bloomfield Hills. In December 2017, Shumake pled guilty to two misdemeanor violations of the Michigan Credit Services Protection Act, and on behalf of his business, to two felony counts of obtaining money by false pretense, for improperly taking upfront fees for mortgage audit services that he promised, but failed to deliver (People v. Shumake, et al., Mich. 46th Jud. Dist. (Feb. 15, 2017)). The presiding court sentenced Shumake to a probationary period of 18 months, during which time Shumake was forbidden to work in a position where he could have "direct control over, or access to, another person's money." Shumake ignored the terms of his probation sentence. Before his probation ended in May 2019, he conducted the Transatlantic Real Estate offering with Birch and set in motion the 420 Real Estate offering with Jackson. Shumake owns and controls Shumoja Media Group, LLC
No updates. Possibly waiting on the Shumake hearing.
Can the conspiritorts face federal charges for fraud and other charges and get jail time?
Penalties for Securities Fraud
Under federal law, the crime of Securities Fraud is a Class C felony, punishable by up to twenty years in prison, three years of supervised release, and $5 million in fines. Additionally, disgorgement of any profits will be ordered and any property obtained from the proceeds of the offense can be confiscated.
U.S. District Court
Eastern District of Michigan (Ann Arbor)
CIVIL DOCKET FOR CASE #: 5:21-cv-12193-JEL-APP
United States Securities and Exchange Commission v. Shumake, Jr. et al
Assigned to: District Judge Judith E. Levy
Referred to: Magistrate Judge Anthony P. Patti
Cause: 15:77 Securities Fraud
Date Filed: 09/20/2021
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: U.S. Government Plaintiff
Plaintiff
United States Securities and Exchange Commission represented by Dante Roldan
175 W. Jackson Boulevard
Suite 1450
Chicago, IL 60604
312-208-7827
Email: roldand@sec.gov
ATTORNEY TO BE NOTICED
Jerrold H Kohn
United States Securities and Exchange Commission
175 West Jackson Blvd
Suite 900
Chicago, IL 60604
312-353-7217
Email: kohnj@sec.gov
ATTORNEY TO BE NOTICED
John E. Birkenheier
U.S. Securities and Exchange Commission
175 W. Jackson Boulevard
Suite 1450
Chicago, IL 60604
312-886-3947
Fax: 312.886.8514
Email: birkenheierj@sec.gov
ATTORNEY TO BE NOTICED
V.
Defendant
Robert Samuel Shumake, Jr. represented by Jonathan C. Uretsky
Pullp
111 Broadway
8th Floor
New York, Ste 807
New York, NY 10006
212-571-1255
Email: uretsky@pullp.com
ATTORNEY TO BE NOTICED
What is penalty for securities fraud?
Under federal law, the crime of Securities Fraud is a Class C felony, punishable by up to twenty years in prison, three years of supervised release, and $5 million in fines. Additionally, disgorgement of any profits will be ordered and any property obtained from the proceeds of the offense can be confiscated.
I hear you. They posted what, at least on the surface, looked valid, Beyoncé‘s father, husband. Disgraceful. Thanks.
Probably never will trade again. Even if it becomes a shell, the stigma will never go away.
I still own shares. I hope they fix whatever is broken and it gets trading again. If not, it’s a complete loss. Thanks.
Will there be federal indictments coming for fraud among other things?
Robert Shumake case is ongoing. So are other parts ongoing.
That’s what I told the ga bar
Did Nicole Birch in fact violate the Bar's code of ethics?
According to the complaint, Shumake, with assistance from Birch, hid his involvement in the offering from the public out of concern that his prior criminal conviction could deter prospective investors.
fail to disclose a material fact to a third person when disclosure is necessary to avoid assisting a criminal or fraudulent act by a client, unless disclosure is prohibited by Rule 1.6.
https://www.americanbar.org/groups/professional_responsibility/publications/model_rules_of_professional_conduct/rule_4_1_truthfulness_in_statements_to_others/
That’s unfortunate
No updates on Pacer or the Georgia Bar.
I documented Birch's remodel of her property in Roswell, GA.
United States Securities and Exchange Commission v. Shumake, Jr. et al
SEC Brings Charges Over Cannabis Crowdfunding
Ex-Ebony CEO allegedly pocketed money raised for marijuana businesses to help keep magazine afloat: SEC
UNITED STATES SECURITIES AND EXCHANGE COMMISSION VS ROBERT SAMUEL SHUMAKE, et al
SEC Charges Crowdfunding Portal, Issuer, and Related Individuals for Fraudulent Offerings
TRANSACTIONS WITH PERSONS OTHER THAN CLIENTS
RULE 4.1 TRUTHFULNESS IN STATEMENTS TO OTHERS
In the course of representing a client a lawyer shall not knowingly:
(a) make a false statement of material fact or law to a third person; or
(b) fail to disclose a material fact to a third person when disclosure is necessary to avoid assisting a criminal or fraudulent act by a client, unless disclosure is prohibited by Rule 1.6.
The maximum penalty for a violation of this Rule is disbarment.
https://www.gabar.org/barrules/upload/grpc_newrules.pdf
All grievances, investigations of grievances and private discipline are confidential. As such, the State Bar of Georgia is not able to confirm or deny that a grievance has been filed against an attorney, that an attorney is being investigated for an alleged violation of the Georgia Rules of Professional Conduct, or that an attorney has received private discipline.
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The Securities and Exchange Commission announced today the entry of final judgments against Nicole Birch, former CEO of crowdfunding issuer, Transatlantic Real Estate, LLC, SEC-registered crowdfunding portal, TruCrowd, Inc., and its CEO, Vincent Petrescu.
The SEC's complaint, filed on September 20, 2021 in the United States District Court for the Eastern District of Michigan, alleged that Shumake, alongside Birch, conducted a fraudulent and unregistered crowdfunding offering through Transatlantic Real Estate, a cannabis company. The complaint also alleged that Shumake and Birch raised $1,020,100 from retail investors through Transatlantic Real Estate. According to the complaint, Shumake, with assistance from Birch, hid his involvement in the offering from the public out of concern that his prior criminal conviction could deter prospective investors. Shumake and Birch allegedly diverted investor funds for personal use rather than using the funds for the purposes disclosed to investors. TruCrowd, and its CEO, Petrescu, allegedly hosted the Transatlantic Real Estate offering on TruCrowd's platform and hosted a crowdfunding offering for 420 Real Estate, LLC, a hemp company affiliated with Shumake and Willard Jackson. The complaint further alleged that Petrescu failed to address red flags including Shumake's criminal history and involvement in the crowdfunding offerings, and otherwise failed to reduce the risk of fraud to investors.
Without admitting or denying the allegations of the complaint, Birch consented to the entry of the judgment permanently enjoining her from violating the registration provisions of Section 5 of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act and Sections 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Petrescu and TruCrowd, without admitting or denying the allegations in the complaint, consented to the entry of the judgments permanently enjoining them from violating the crowdfunding rules of Section 4A(a)(5) of the Securities Act and Rule 301(c)(2) thereunder. The judgments order: (i) civil penalties of $200,000, $9,700, and $97,500 against Birch, Petrescu, and TruCrowd, respectively; (2) disgorgement including prejudgment interest of $600,712 against Birch and $129,380 against TruCrowd; and (3) an officer and director bar against Birch.
In separate proceedings, based on the entry of their consent judgments, Birch and Petrescu also agreed to SEC orders entered on December 30, 2021. Birch was permanently suspended from appearing and practicing before the SEC as an attorney. The order prohibits Birch from representing clients in SEC matters, including investigations, litigation, or examinations, and from advising clients about SEC filing obligations or content. Petrescu was suspended from appearing and practicing before the SEC as an accountant, which includes not participating in the financial reporting or audits of public companies. The order permits Petrescu to apply for reinstatement after three years.
The SEC's litigation against Shumake, Jackson, and 420 Real Estate continues.
The Securities and Exchange Commission announced today that, on January 28, 2022, the Court in SEC v. Shumake, et al, entered bifurcated judgments against crowdfunding issuer, 420 Real Estate, LLC, and its CEO, Willard Jackson.
The SEC's complaint, filed on September 20, 2021 in the United States District Court for the Eastern District of Michigan, alleged that Shumake, alongside Jackson, conducted a fraudulent and unregistered crowdfunding offering through 420 Real Estate, a hemp company, on TruCrowd, Inc., a registered crowdfunding portal. The complaint also alleged that Shumake and Jackson raised $888,180 from retail investors through 420 Real Estate. According to the complaint, Shumake, with assistance from Jackson, hid his involvement in the offering from the public out of concern that his prior criminal conviction could deter prospective investors. In addition, Shumake and Jackson allegedly diverted investor funds for personal use rather than using the funds for the purposes disclosed to investors.
Without admitting or denying the allegations of the complaint, Jackson and 420 Real Estate consented to the entry of bifurcated judgments permanently enjoining them from violating the registration provisions of Section 5 of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Jackson also consented to the entry of an officer and director bar. The Court will determine monetary relief at a later date.
The SEC previously obtained final judgments against Defendants TruCrowd, Vicent Petrescu, and Nicole Birch. The SEC's litigation continues.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 91182 / February 22, 2021
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of Bangi, Inc. (BNGI) (CIK No. 0001327238), a defaulted Nevada corporation based in Grosse Pointe Farms, Michigan at 9:30 a.m. EST on February 23, 2021 and terminating at 11:59 p.m. EST on March 8, 2021.
The Commission temporarily suspended trading in the securities of BNGI because of questions regarding the accuracy and adequacy of information about BNGI and its securities in the marketplace concerning, among other things, BNGI's activities, and potentially fraudulent trading activity affecting the market for its securities, including: (a) since at least mid-January 2021, certain social media accounts may be engaged in a coordinated attempt to artificially influence BNGI's share price; and (b) BNGI's share price and trading volume have greatly increased since at least mid-January 2021 in the absence of any publicly available news from BNGI.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to BNGI securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information that may relate to this matter, they should immediately contact Ana D. Petrovic, Assistant Regional Director, at (312) 886-8176. The Commission appreciates the assistance of the Financial Industry Regulatory Authority.
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