Bogue, Vancouver Lawyer John D Briner et al in lawsuit alleging fraudulent conveyance.
Bogue, Briner et al. face New Jersey share suit
2007-04-04 19:22 ET - Street Wire
by Mike Caswell
Vancouver lawyer John Briner, who has dealings with a number of interesting pink sheets companies, has turned up in a U.S. civil suit over shares of an OTC Bulletin Board listing. New York resident Ellen Stone claims Mr. Briner bought stock she owned in Bogue Electric Manufacturing Co., but she did not agree to sell it.
The suit was filed last November in New Jersey. In addition to naming Mr. Briner as a defendant, it lists New Jersey businessmen Henry Schinman, Anthony Sabbatino and Mark Santangelo, as well as California resident Raymond McNamee and Florida resident Charles Irizarry. It also lists Bogue and a related private company.
Ms. Stone wants her shares back or, alternatively, payment for them.
According to the suit, Ms. Stone owned 331,817 shares of Bogue Electric Manufacturing Co., an inactive OTC-BB listing until recently. The company last issued a quarterly report in 1998, and had not convened a shareholders meeting since then.
Bogue was reactivated in 2006, after Mr. Briner allegedly bought 670,669 shares from three New Jersey businessmen, Mr. Schinman, Mr. Sabbatino and Mr. Santangelo, for $180,000. The stock represented a controlling interest in the company.
Included in that transaction were Ms. Stone's shares, her lawsuit alleges. She says Mr. Briner knew, or should have known, that the New Jersey businessmen did not own the stock they purported to own.
Ms. Stone does not explain exactly how the share transfer took place, or how her shares ended up in Mr. Briner's hands.
Apparently Mr. Briner was acting as an agent for another defendant, Mr. Irizarry, who changed the company's name and turned it into a junior miner.
Mr. Briner, in a response to the lawsuit, which he filed Tuesday, denies any wrongdoing. He says the other people in the deal caused any damages Ms. Stone may have sustained.
"The answering Defendant was the victim of fraud and misrepresentations of co-defendants, over whom this answering Defendant had no control," Mr. Briner says in court filings. He has filed a crossclaim against the New Jersey businessmen.
Most of the other defendants have filed general denials.
Mr. Briner is the president of Global Developments Inc., a Vancouver company that invests in start-ups, mostly trading on the pink sheets. One of his portfolio companies, Red Truck Entertainment Inc., was recently suspended by the U.S. Securities Commission in Operation Spamalot.
It does not appear Global has any interest in Bogue, which is now known as Bogue International Inc.
The company has an agreement for a coal project in Colombia. It lists its head office at a Florida address and its president as Mr. Irizarry. The stock closed Tuesday at 13 U.S. cents, off from a 52-week high of $1.09 (U.S.).
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Reader Comments - Comments are open and unmoderated, although libelous remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
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Hey Felon J.
I keep bumping into you everywhere. Briner is running me ragged. How about you?
Posted by Jim Star, Ace Detective @ 2007-04-04 21:53
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Everyone wants a piece of Briner. Here is another one getting ready to nail him. Bobby Hull's Hockey League, The WHA.
The World Hockey Association Releases Statement Concerning the Resignation of John D. Briner as CEO of Global Developments, Inc.
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 04/04/07 -- The World Hockey Association (PINKSHEETS: WHKA) released a statement this morning concerning the resignation of John D. Briner as CEO of Global Developments, Inc. (GDVM). The statement was prepared in response to numerous shareholder inquires concerning what effect, if any, the resignation of Briner as CEO of GDVM would have on the WHA'S plans for counterclaim litigation against GDVM and other "Briner Group" related parties to a lawsuit filed in US Federal Court.
The WHA wishes to reassure its shareholders that the resignation of John D. Briner as CEO of GDVM will not have any effect on its plans to file counterclaim litigation for damages against Global Developments, Inc. and/or any of the parties related to the former Briner Group as well as former and/or current partners of the Briner Group and affiliated companies thereof.
The WHA believes it has suffered enormous damages as a result of the actions of John D. Briner and other individuals with whom he associated as well as other companies which were under his total or partial control and the WHA intends to file these counterclaims very shortly. The WHA believes its shareholders will be very pleased to see upcoming events, including court filings, which will concern these matters.
WHKA CEO Ricky Smith commented, "We are going to hold Global Developments, Inc. fully responsible for its part in significant damages we feel are due to our company as the result of actions initiated by John Briner and any entities controlled by him and/or his associates which were part of this whole mess. As far as we are concerned, the resignation of Briner will not let Global Developments off the hook. We intend to vigorously pursue Global in Federal Court for a variety of offenses we believe they have committed against the WHA."
Smith added, "As far as John Briner, The Briner Group, and all its partners are concerned, yesterday's late night resignation of Briner from GDVM would have no effect whatsoever on our plans. We intend to aggressively proceed with court actions against all of them. They will not be able to hide from this fight."
About the World Hockey Association:
The WHA created the WHA Junior West Hockey League to promote the sport of hockey. The Junior West Hockey League is an alternative, community-based league for highly skilled junior players, and is designed to promote high standards of sportsmanship in hockey. The 2007-2008 season will feature an expansion from six to sixteen teams and will see the WHA firmly established in British Columbia, Alberta and the Northwestern United States.
As a listed company on the Over-The-Counter Pink Sheets our mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. Fan satisfaction is a primary consideration in our decision-making process.
Forward-Looking Statements
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.
CONTACT: V. Ackland 416-996-1789
Posted by Jim Star, Ace Detective @ 2007-04-04 22:00
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Dr. Evil
John Briner wants nothing to do with you that is why he wanted out of West Coast Stock Transfer. Now you prep a fraud on WHKA and IWRS do you not think the SEC is not all over you. Do you think you will be able to get Diplomatic Imun on these issues think again. Caswell did the bad doctor get you to write about John????
Posted by Dr. Erwin Liem are you out there @ 2007-04-04 22:34
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Reply to are you out there?
Don't play innocent Johnny. I and a handful of others have a lot of information on you. Information which makes Caswell's articles look like tame kid stuff. I don't understand why Caswell doesn't do a real piece on some of the things you have done.
It is easy to figure out. You were dumb enough to file some of it with the SEC and if you know where to look, you can piece it all together with a few telephone calls to the listed principles. I'll just rack it up to the fact that you are a kid. It sure was idiotic.
You have to love the price performance of Global with you at the helm. Down almost 100%. Good job, Johnny.
Posted by Jim Star, Ace Detective @ 2007-04-04 22:59
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Do you know/or are you Dr. Liem??????
Be truthful now!
Posted by Jim @ 2007-04-04 23:22
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I know who he is, but have never had the misfortune to meet the crook.
The entire Briner Group reminds me of a Pirate's Cove.
Posted by Jim Star, Ace Detective @ 2007-04-04 23:25
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I can asure you Briner was partner's with Liem upto 10 months ago on West coast stock transfer. Briner is not associatted in anyway with spam and or GoldMark industries, Iwrin Energy or WHKA spam. He is going down the path hiring investigators and lawyers to prove his inocence. Things will unfold very quickly.
Posted by Jim @ 2007-04-04 23:52
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Reply to Jim.
Yes they will. He has a lot of explaining to do. While he is at it, maybe he could explain those Texas Corps. lol You know which ones I am talking about. And that is just the beginning of it all.
I just pulled the Bogue lawsuit off Pacer. I see some interesting parallels with the WHKA rip off. You have to love those undisclosed relationships.
They remind me of the ones I have found in GDVM's filings. You know? Like the ones dealing with Nexus Asset Holdings and GDVM on certain loan agreements. Word is out on you there John.
Posted by Jim Star, Ace Detective @ 2007-04-05 00:06
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Reply to Jim,
How did John get off borrowing money from Nexus Asset in exchange for a CD at Global without disclosing the realtionship in those filings? From one hand to another, eh?. It sounds a whole lot like Counts 4 and 5 in the Bogue lawsuit to me.
Posted by Jim Star, Ace Detective @ 2007-04-05 00:11
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I am new here and just wondering what will happen to these stocks such as that WHKA if this Briner is found guilty? Will they recover or is the damage already done?
Thank you anyone out there that can help.
Posted by Franklin Fotiadis @ 2007-04-05 00:33
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this guy will ripp you off.bad man
Posted by glenn colluck @ 2007-04-05 08:14
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What guy me or Briner? Are you responding to my question Glenn? I am confused at your answer?
Posted by Franklin Fotiadis @ 2007-04-05 12:20
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What guy me or Briner? Are you responding to my question Glenn? I am confused at your answer?
Posted by Franklin Fotiadis @ 2007-04-05 14:15
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Briner, you are a scumbag, a dirty stinking filthy SCUMBAG!!!!!
DO YOU HEAR ME????????????
YOU STINK!!!!!!
Posted by Collector @ 2007-04-05 18:40
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