Canna Corp (fka CNCC)

[CashBowski]

Thanks, Renee. I was waiting for this. Now it rests in a heap of garbage, where it belongs.

[Renee]

CNCC: SEC registration revoked:

https://www.sec.gov/files/litigation/opinions/2023/34-98587.pdf

[CashBowski]

No updates other than Kevin Hagen sentencing:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172732873

[CashBowski]

Postponed to 10/10. May not matter if they get revoked before then.

[CashBowski]

No further update about the 7/28 sentencing. There should be charging docs before then. There’s still a possibility of SEC revocation, so, none of this may matter at the end if there is no public shares.

[Renee]

CNCC SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/litigation/admin/2023/34-97328.pdf

[CashBowski]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171624886

[CashBowski]

Thanks for the heads up. Which docket was it filed on?

[Nobody8]

Dror took the deal. 5 years

[Nobody8]

Dror Svorai seems to be the other one who took a deal...5 years in prison. He figures he will do about 3.5

[CashBowski]

DOJ is asking victims of Charles Vaccaro and Dror Svorai et al, to file a claim for restitution with the department in relation to the six companies at the center of the nearly four year long federal investigation spanning back to 2014.

Companies involved are:

VPOR
POTN
CNCC
GRCV (now YUKA)
CLIC (suspended)
WLAB

It looks like trial will be starting in 2023 for those whom have chosen to not cooperate with investigators. Latest filing shows two of the six defendants (unidentified) took a deal. Taieb cooperated early on, so he’s on a separate docket apart from the six, but his sentencing is in January.

Any victims can click on the following link for contact information. Be prepared to provide proof of losses in writing.

https://www.justice.gov/usao-ndoh/victim-witness-assistance-program/multiple-victim-case-charles-vaccaro-et-al

[CashBowski]

There’s finally a trial date. Two of the six named defendants took a plea deal. We’ll find out in the next few weeks who’s cooperating and who’s going to trial.

11/21/2022 197 Minutes of proceedings [non-document] before Judge Solomon Oliver, Jr. Pretrial Conference as to Charles Vaccaro (1), Dror Svorai (2), Dennis Ruggeri (3), Kevin Hagen (4), Gary Berlly (5), Yosef Biton (6) was held on 11/21/2022. During the conference, counsel for the Government indicated and counsel for the relevant Defendants agreed that the Government has reached terms on plea agreements with two Defendants, and will seek to schedule change-of-plea hearings with those Defendants in January. The Government expects to know in the coming weeks whether change-of-plea hearings can also be held with two other Defendants with whom plea negotiations are ongoing. The Government will also hold a reverse proffer with Defendant Dennis Ruggeri and his counsel on December 8, 2023. In light of these developments, and on joint motion of the Government and all Defendants, the court continued this matter for a period of 60 days. The court finds, under 18 U.S.C. § 3161(h)(7)(A) and (B), that the ends of justice served by continuance of trial outweigh the best interests of the public and the Defendants in a speedy trial. Counsel for Defendant Charles Vaccaro, following up on his letter to the court dated November 17, 2022 (ECF No. 196), indicated that he would file by December 15, 2022, a motion for a pretrial hearing challenging the Governments restraint of allegedly forfeitable assets, so that Vaccaro may use those assets to pay for counsel. A Telephonic Pretrial Conference is set for 1/18/2023 at 10:30 AM. A Final Pretrial Conference is set for 3/2/2023 at 12:00 PM in Courtroom 19A before Judge Solomon Oliver Jr. Jury Trial set for 4/17/2023 at 09:00 AM in Courtroom 19A before Judge Solomon Oliver Jr. A separate trial order shall issue. (Court Reporter Lance Boardman) Time: 45 minutes. (R,Sh) (Entered: 11/21/2022)

[CashBowski]

Waiting on the next court filing due any day to see if we get another extension.

[CashBowski]

A new filing in FBI case for Vaccaro — now trying to get his Rolls back and claiming he’s poor, but the U.S. attorney is in no mood to F around. Apparently he has another luxury yacht purchased on the backs of shareholders that wasn’t seized that he can sell, all while claiming he’s poor. Scumbags, all of them!

[CashBowski]

07/18/2022:
Minutes of proceedings [non-document] before Judge Solomon Oliver, Jr.A Telephonic Pretrial Conference as to Charles Vaccaro (1), Dror Svorai (2), Dennis Ruggeri (3), Kevin Hagen (4), Gary Berlly (5), and Yosef Biton (6) was held on 7/18/2022 with counsel for the parties. AUSA Alejandro Abreu was present for the government. Attorneys Zelin, Amsel, Orenstein, Roberts and Hunter were present for their respective clients. Attorney Mullin was not present, however, contacted the court at approximately noon to apologize and advise the court that he was hung up in state court at a trial that was scheduled to begin this morning, and to briefly advise the court where the case stands as to his client, Mr. Ruggeri. The parties present indicated most have been engaged in conversations with the government regarding resolution of their matters. Defense counsel present made an oral motion to continue for approximately 60 days, so they can continue discussions with the government and their respective clients toward resolution of their cases, to which the government did not object, and the court grants, finding, under 18 U.S.C. § 3161(h)(7)(A) and (B), the ends of justice served by continuance of trial outweigh the best interests of the public and the Defendants in a speedy trial. A Telephonic Pretrial Conference is set for 9/20/2022 at 10:30 AM before Judge Solomon Oliver Jr. Dial-in information will be issued separately. The court will set this case for final pretrial and trial should this matter not resolve by that time. (Court Reporter Heidi Geizer) Time: 20 minutes. (R,Sh) (Entered: 07/18/2022)

[CashBowski]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169199489

[CashBowski]

The FBI case against Dror Svorai, Yaniv Nahon, and associates is slowly grinding…

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168577921

[Locksmith]

Yes, I caught that last night. The noose will only get tighter if the government can get going in this new initiative. Ironic twist to all the continuations coming back in the government’s favor, again.

You could make an interesting movie out of all the twists and turns with these characters.

[CashBowski]

I think Vaccaro is best positioned to cut a deal. Feds were able to seize a lot more from him than Dror, and he has more incentive to come completely clean and negotiate the mother of all deals and burn them all.

Just the fact that he’s so worried about his dinghy tells me he’s incredibly shallow and materialistic and would do anything to get (some) of his assets back, and perhaps walk away with a hefty fine and a few months in prison, and of course a decade or more securities ban. This might be why Dror’s new charges are lagging.

Dror should also be quite concerned about what the president announced in his SOTU regarding pandemic fraud. He needs to negotiate a deal before congress approves to increase criminal penalties for the EIDL funds he stole to fund the CATV scam.

“The White House said the Justice Department’s COVID-19 Fraud Enforcement Task Force will also appoint a chief prosecutor to tackle pandemic fraud caused by criminal syndicates. Biden, in his State of the Union address, called on Congress to give additional resources to DoJ’s task force, and to increase criminal penalties for pandemic-related fraud.”

[Locksmith]

Thanks again for the work you do, and for sharing it so others can benefit from it…..horse to water…

I’ll be sure to bring my hat. LOL

[CashBowski]

I think they’re still working the case. Don’t forget that Eli Taieb cut a deal almost immediately following the 1st indictment and turned over evidence against his co-conspirators. How many of those 4 new named defendants and other co-conspirators that showed up in the superseding indictment were the direct result of Taieb turning? Also, Michael Zoyes turned in Svorai 2 years later in the CATV scam.

My takeaway from reading the CATV files, the assertion of the FBI is Svorai hasn’t been truthful and is blatantly trying to hide assets — one thing I know for a fact is you don’t ever ever ever want to be caught lying to the FBI — you’ll burn any chance you may have for cutting a deal.

Just imagine, in less than two years Svorai ran another scam in CATV, took out hundreds of thousands in fraudulent EIDL gov funds, all while on house arrest, which implicated even more people. Now, there’s dozens of people and entities, public and private implicated. There could very well be parallel cases in the works against multiple people/entities as we speak. Having no identifying details of the funders, brokers, banks, PnD groups and promoters that are implicated, in at least two countries, we can’t know for sure how enormous this case is, but the FBI did note to the judge in the CATV nab, that ‘it’s a multi-million dollar case’, so it’s safe to assume a couple of years is nothing in the grand scheme of their investigation.

I’m sure the FBI has no problem squeezing these crooks through their attorneys with exorbitant fees sifting through mountains of evidence to build a defense.

We’ve chatted about a trip, and I’m def up for it on sentencing if possible

[Locksmith]

I find it interesting that we’ll soon be going into the third year of the legal proceedings. Is it possible the government does not want to pursue a deal?

As much as I want these guys to get their due, they are still small players in the grand scheme of things. Any theories on why plea deals haven’t happened yet, or is it still too early in the process for that to happen? (Gratefully, I have no experience as a federal defendant). Or are they still digging and that’s why so much is still sealed?

I still want to be there for sentencing, though. I wouldn’t mind a little road trip.

[CashBowski]

There’s been many filings on the docket, but none unsealed. Seems 1/25/22 is the soonest we can expect the next docket entry, if it’s unsealed.

[CashBowski]

New unsealed docket update from FBI case:

Filed & Entered: 11/23/2021

Status Conference

Docket Text: Minutes of proceedings [non-document] before Judge Solomon Oliver, Jr.A Telephonic Status Conference as to Charles Vaccaro (1), Dror Svorai (2), Dennis Ruggeri (3), Kevin Hagen (4), Gary Berlly (5), and Yosef Biton (6) was held on 11/23/2021 with their respective counsel Randy Zelin and Eric Nemecek, Robert Ansel, Edward Mullin, Michael Orenstein, Justin Roberts, and Mark Hunter. Discussed, among other matters were the various pending motions, the voluminous discovery as it relates to each defendant, and the concern of defense counsel regarding whether they have enough information to appropriately advise their clients how to proceed. Defense counsel requested approximately 60 days continuance as stated on the open record, with no objection, which the court grants, finding under 18 U.S.C. 3161(h)(7)(A) and (B), the ends of justice served by continuance of trial outweigh the best interests of the public and the Defendant in a speedy trial. Order shall issue. A Telephonic Pretrial Conference is set for 1/25/2022 at 02:00 PM before Judge Solomon Oliver Jr. Dial-in information will be issued separately.(Court Reporter Shirle Perkins) Time: 1 hour. (R,Sh)

[CashBowski]

I got your PM, but can’t reply. My membership needs to be renewed

[CashBowski]

The pre-trial hearing has been postponed by a day to 9/9/21.

[Jbb4321]

Lmao

[CashBowski]

LOL those are some cojones brother. I know friends that have real businesses that had to fight like hell for a few grand of PPP to stay afloat. Blows my mind!

[Locksmith]

Wow. He’s got way bigger ones than I do, that’s for sure.

We can’t get this guy off the streets fast enough.

[CashBowski]

It appears the government is also going after him for $400k in covid relief he took out under his brothers companies. LOL.

[CashBowski]

That’s exactly what I think. No one takes that much risk unless they’re about to skip town imo.

[Jbb4321]

That was his on the run loot he was going for, he was def going to flee

[CashBowski]

Thanks IG. I still can’t believe he was perpetrating another scam while neck deep in another federal indictment. Baffles the mind!

[I-Glow]

Here is information from the BOP inmate locator.

Name: DROR SVORAI
Register Number: 18277-104
Age: 52
Race: White
Sex: Male
Released On: 05/25/2021

[CashBowski]

LOL, what’s funny is according to the new charges he was using the EasyGrinder email address. The guy is corrupt to the core.

[Locksmith]

Like a moth to the flame. SMH

Thanks for the update. Sorry to see that he had his dirty fingers in yet another ticker.

I say we get the old gang together and take a road trip on sentencing day to see him off. If the court lets me, I’ll wear the Easy Grinder baseball cap he gave me.

[CashBowski]

Dror Svorai added 3 more charges to his Federal case in another FBI sting involving another OTC co. — CATV, all being perpetrated while he was out on bail. Apparently he was arrested in March and was in prison until recently. Another $1m in bond, back on house arrest with curfew.

He’s charged with Identity theft, wire fraud and conspiracy in addition to the other multitude of charges currently pending from the original FBI case.

[CashBowski]

Superseding indictment filled in the FBI case.

Companies involved: VPOR, POTN CLIC, WLAB, CNCC, GRCV

Charles Vaccaro count(s) 1s, 2s-8s, 10s, 15s, 16s-18s, 19s
Dror Svorai count(s) 1s, 9s, 15s, 16s-18s, 19s
Dennis Ruggeri count(s) 1s, 9s, 15s, 16s-18s
Kevin Hagen count(s) 1, 13-14
Gary Berlly count(s) 1
Yosef Biton count(s) 1, 11-12.

65 pages spanning years of fuc$ery by those named, and 8 co-conspirators, 8 Nominees, multiple front companies, unregistered brokers, promoters, family members, and finally brought to a close by undercover agents. Quite a read!

https://www.courtlistener.com/docket/17380178/united-states-v-vaccaro/

[Locksmith]

Cinco de Mayo! Guess I’ll have to raise a toast to my old “friend” that the call goes well. LOL (NOT!!!)

[CashBowski]

New filing for the Federal Criminal case:

[CashBowski]

This Federal case is slow moving:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161175387

[CashBowski]

This is dead in the water. They haven’t bothered to file anything since May.

[CashBowski]

This is still flailing along.