China Crescent Ent. Inc (fka CCTR)

[wannabeeriche]

Heroes and Villains

Hero
Jason P. REINSCH

ATTORNEY FOR PLAINTIFF SECURITIES AND EXCHANGE COMMISSION
Texas Bar No. 24040120
United States Securities and Exchange Commission
Fort Worth Regional Office

Villains

Philip M Verges

James D Tilton,jr

Robert F Malin

Linda Malin

Stephen Durland


Philip M Verges received a free West Point education on the taxpayers. If you have any information pertaining to his many illicit dealings, I am sure the SEC would appreciate the information.

[e-mail]

[wannabeeriche]

MORE....Philip M Verges

Stephen Durland

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26075 / August 13, 2024

Securities and Exchange Commission v. Stephen Durland, No. 3:24-cv-02062 (N.D. Tex. filed Aug. 13, 2024)
SEC Charges Former New York CPA in Penny-Stock Fraud Scheme
The Securities and Exchange Commission today filed a complaint against North Carolina resident Stephen Durland, formerly a certified public accountant licensed in New York, for his role in an alleged $112 million pump-and-dump scheme orchestrated by Texas resident PHILIP VERGES. The Commission previously filed charges against VERGES and others on September 26, 2023, for their roles in the alleged scheme.

Durland has agreed to settle the matter by consenting to the entry of a final judgment that permanently enjoins him from future violations of these antifraud provisions; imposes a penny-stock bar; orders disgorgement of $83,000 plus prejudgment interest of $16,196.38; and imposes a civil penalty of $230,464. The settlement is subject to court approval.
Former Pegasus Wireless CFO Sentenced to 33 Months for His Role in Securities Fraud Scheme
…………………………………………………………………………………………………….
U.S. Attorney’s OfficeOctober 14, 2011 Northern District of California(415) 436-7200
SAN FRANCISCO—Stephen Durland, the former CFO of Pegasus Wireless Corporation, a wireless technology company based in Fremont, Calif., was sentenced yesterday to 33 months in prison for his role in a complex scheme to defraud in which approximately a half a billion shares of company stock were issued under false pretenses, United States Attorney Melinda Haag announced.

[wannabeeriche]

Modern Times: Trust Issues with Our Best and Brightest

I seem to remember Philip M. Verges being a part of this operation.

How many privileged individuals took advantage (and continue unabated) of taxpayers' money getting lucrative positions, benefits, extraordinary salaries, and are protected by the power elites because of their connections? Their demise is ONLY due to their excessive greed.

Philip M. Verges is a graduate of the U.S. Military Academy at West Point

Aliases: Verges used the aliases Tom Faye and Mike Murphy during his scheme.

Here are the key details:

1. Scheme Overview:

Verges led a scheme to artificially inflate the stock prices of certain penny stock companies and then sell those stocks at inflated prices.
The PSCs involved were: Alternet Systems, Inc. (“ALYI”), Priority Aviation, Inc. (“PJET”), Puration, Inc. (“PURA”), Vaycaychella, Inc. (“VAYK”), and WaterPure International, Inc. (“WPUR”).
The scheme aimed to benefit Verges and accomplices by providing them heavily discounted shares in these companies, which they later dumped into the market.

2. Execution Phases:

Verges gained de facto control over the PSCs by installing figurehead CEOs. The PSCs issued convertible promissory notes and debt settlements in exchange for payments on sham consulting service contracts.
Debt instruments were sold to accomplices (including Blue Citi, JDT Trading LLC, and others).
Illicitly obtained and significantly discounted unrestricted shares of PSC stock were issued to satisfy debt conversions.
The accomplices offloaded the discounted shares, generating substantial trading proceeds.
A portion of these proceeds was kicked back to Verges-controlled companies.

[Renee]

CCTR SEC registration revoked:

https://www.sec.gov/files/litigation/opinions/2024/34-99576.pdf

[wannabeeriche]

Philip M Verges

United States Military Academy review: recognition of alumnus
S
sailin of US
Jan 17, 2018
5:29 pm EST
Philip M Verges has created numerous businesses and/or held a key position in untold companies. There has been no consideration of any sort by West Point for his unsurpassed achievements.

Some companies to name a few:

Alternet Systems, Inc.
Beachhead Limited Partnership
Brunetti, LLC
China Crescent Enterprises, Inc.
ES Horizon, Inc.
Green Shield Management Co.
Honduras Development Network
Infotel
Innoprise Capital Management, LLC
Innoprise, Inc.
Intercell
IP Global Voice, Inc.
IPVoice Communications, Inc.
IPVoice.com, Inc.
LV Administrative Services, Inc.
Netsco, Inc.
Newmarket Asia, Inc.
Newmarket Broadband, Inc.
NewMarket China, Inc.
Newmarket Intellectual Property, Inc.
Newmarket Latin America, Inc.
Nova Enterprises, Inc.,
NuMobile, Inc., f/k/a Phoenix Interests, Inc.,
Oberon Securities
Red River Advisors, LLC
RKM Suministros, C.A.
Small Equity Initiative, Inc.
Stonewall Networks, Inc.
UniOne
Valens Offshore SPV II, LLC
Valens U.S. SPV I, LLC
Valens US
Vergetech, Inc.
VirtualHealth Technologies

Maybe a presentation at halftime during the Army-Navy football game. Preferably before he goes to prison.

[wannabeeriche]

Philip M Verges, West Point Grad

cmainer

Re: conix post# 31222

Tuesday, March 17, 2020 1:12:12 AM

Post#
31223
of 34852
Philip Verges. He’s the actual owner of PURA, USMJ, KALY, PJET, NOUV. He’s a big scammer from the dot com era. His gig is he acquires companies he already owns and pays for them through issuing convertible notes so he’s really paying hisself for something he already owns and then he will find a reason to hire third party companies which he already owns to contract work through and pays his self again. A very plain example of this is USMJ which is owned by Savanah East Africa. If you look them up on OTC markets the. Study all the filings it’s plain as day he’s hiring companies that he owns to do supposed work for the company. If you study all the tickers I mentioned above and their previous tickets before name changes and all the names of officers listed you will find they are all connected. The most recent example of this is WSGF World Series of gold it was one of Phil’s companies that went belly up the ticker just went through a custodianship and guess who the new custodian is, Phil’s lawyer that helps him with all his scams. If you search my posts from 10 months to a year ago you will find several detailed post with evidence of his scams. Please study them before you invest your money.

[wannabeeriche]

Philip M. Verges has a few other "Concerns"
Companies Philip M Verges created, was a Principal, advisor, or had some relationship with the enterprise.

143 Partnership LLC
Beachhead Limited Partnership
China Crescent Enterprises, Inc. – trading symbol “CCTR”
Evermobile Inc.
E Z Horizons
Greenfield Partnership Program
Honduras Hope
Infotel Technologies PTE Ltd., Singapore
Innoprise Capital Management, LLC
Innoprise, Inc.
Intercell International Corp
IPVoice Communications, Inc.
Newmarket Technology Inc. - NWMT
Newmarket Asia Inc.
Newmarket Broadband Inc.
Newmarket China, Inc.
Newmarket Health Technologies Inc.
Newmarket Intellectual Property, Inc.
Newmarket Latin America, Inc.
Nova Energy, Inc. OTCQB: NVAE
NuMobile, Inc. trading symbol “NUBL”
Real Deal IR LLC
Red River Advisors, LLC
RKM IT Solutions
Savanna East Africa, Inc.'s – trading symbol “NVAE”
Small Equity Initiative, Inc.
Spanish Peak Foods and Beverage, LLC
Valuerich
VergeTech, Inc.
West Cucharras LLC
Worldwide Strategies, Inc. – trading symbol “WWSG”

Majority Shareholder of the Company is ES Horizons, Inc. by virtue of its Series K Preferred Super Majority Voting Stock. Mr. Verges' owns 99% of ES Horizons, Inc. and as such has the ability to vote the 500 shares of the Series K Preferred Stock.

[wannabeeriche]

Philip M Verges and SEC go to Court

SECURITIES AND EXCHANGE COMMISSION Case No.: 3:23:cv-02146

Plaintiff Securities and Exchange Commission this Complaint against Defendants Philip Verges, James D. Tilton, Jr., Robert F. Malin, Linda Malin, and Blue Citi, LLC, “Defendants”, and Relief Defendants SMEA2Z, LLC , 143 Partners LLC, West Cucharras, LLC, and JDT Trading, LLC, and alleges as follows:

From at least June 2017 to June 2022, Defendants—led by Philip M. Verges—perpetrated a scheme to pump and dump into the market more than $112 million of stock in certain penny stock companies. Verges designed the scheme so that Blue Citi (Case 3:23-cv-02146-D), Tilton, JDT, and other accomplices that Philip Verges nominated received heavily discounted shares in five penny stock companies: Alternet Systems, Inc. (“ALYI”), Priority Aviation, Inc. (“PJET”), Puration, Inc. (“PURA”), Vaycaychella, Inc. (“VAYK”), and WaterPure International, Inc. (“WPUR”) (collectively, the “PSCs” and individually, a “PSC”). The Nominees ultimately received at least 5.2 billion shares of stock in the PSCs at an 86.64% discount and then proceeded to dump those shares into the market. Blue Citi, Tilton, and JDT alone generated more than $52 million in trading proceeds.

[wannabeeriche]

Whatcha gonna do when they come for you...Bad Boy Philip Verges

“The jig is up” Founder and Serial Scammer Day-of-Reckoning is FINALLY here.

SECURITIES AND EXCHANGE COMMISSION

Plaintiff,
v. PHILIP VERGES, JAMES D. TILTON, JR., § ROBERT F. MALIN, LINDA MALIN, and § BLUE CITI, LLC, § §

Defendants,
SMEA2Z, LLC, 143 PARTNERS LLC, WEST § CUCHARRAS, LLC, and JDT TRADING, LL

[Renee]

CCTR: SEC Admin. Proceeding for severely delinquent Financials: (June 2011)

https://www.sec.gov/files/litigation/admin/2023/34-98411.pdf

[JMoneyHoops]

3’s going

[JMoneyHoops]

Small volume everyday here hopefully they file something soon to get Current

[JMoneyHoops]

Lazar**

[JMoneyHoops]

Lazarus custo?

[ernie44]

bid the tripple ask

[wannabeeriche]

Stock Market 101: How to make mucho big money in stocks.

#1 First and foremost hire the best Wordsmith money can buy. DO NOT be cheap!

#2 Present investors with subtle faraway investment opportunities. DO NOT list any business in the United States or Canada. An investor might try to investigate and drive to the location.

#3 Hire associates within your peer group..Sociopaths. A good investment is the Minnesota Multiphasic Personality Inventory (MMPI). This will weed out the wannabe sociopaths and save you some headaches.

#4 Hire a very smart Corporate attorney that is about to graduate from law school. Make sure he is very smart and VERY naïve. Once he gets your company setup and trading he has done his part. Then push him to do shells, shells, shells.

#5 Remember the Golden Rule: Pump and Split and Never Quit.

Good luck!

[ernie44]

BREAKOUT============nice play---SHAKESPEARE

[ernie44]

where do these guys come from-------surely their family wasnt any of the PILGRIMS

[wannabeeriche]

Philip M Verges

Rumor has it CCTR has reached out to Philip M Verges and is
negotiating a seven (7) figure contract to takeover as
CEO.

[ernie44]

STILL TRADING ---WIERDLY

[ColetonM]

Motion to extend time for custodian duties just got granted.. does this delay the process of bringing this current?

[Zack2586]

DL OTC SPAC GOAT

[ernie44]

whazz appdenin up 159 %

oh its been a while

[wannabeeriche]

When will SEC call it quits for Philip M Verges

NIMEX LLC
ABOUT US
“NIMEX” LLC has been taken activity since 10 years in the construction sector in Azerbaijan Republic.

This is just GREAT! Philip M Verges’ legions of failed companies were ALL doing business OUTSIDE of the United States in countries such as: South Africa, Honduras, China, etc. Bottom line, who could check up or verify the business or veracity of Philip M Verges’ statements?

And now NIMEX in Azerbaijan Republic…Just incredible. Hey Philip! What about doing business in Seldom Seen, Transylvania?

[wannabeeriche]

Here' Philip, AGAIN!

http://www.nimex.az/en/index.html

[wannabeeriche]

Philip M Verges: Retired? Don’t think so!

Philip, I understand fully why you would want to fade into the background of life given all the financial carnage you heaped on unsuspecting investors. BUT, you, Philip M Verges, have left an abominable indelible financial faux pas in the world of equity trading that will be hard to surpass. The lies and psychopathic oratories are now legendary accounts of despicable pumping.

Even your West Point credentials are realized as an initial ploy to establish a base ruse for future chicanery.

Philip M Verges, DIRECTOR, NIMEX Partners LLC

[Falkalisha]

Anyone have any news on what is going on? Did it finally just die?

[ernie44]

19000 PERCENT GAIN--ITS HALF WAY TO HEAVEN---YIKES

[eddy2]

He’s retired , has been for sometime. He initials sold his tax credit position and then his equity position that the new owners become beholding too his old accumulated common shareholders for the tax credits that was sold with the debt owing Phil.

The new owners over time roll the tax credit once it becomes a tax debt into an annuity pay out. I’m talking probably there kids ending up with the tax debt or rolling it over with new investors be it a private offering or another public one under a different entity name or alias.

These things can be dormant up too Forty years. Not recommended investment for anyone over twenty five. Thirty if your not a smoker or that may have a lazy couch attitude.

You can still trade your self out of the predicament if you work the boards turning a negative into a positive and visversa catching the dips and highs along the way. Tic Toc not much time to do so. You better get a move on time is a waiting.

[ernie44]

something like the guy who shorted USXP to oblivian

[eddy2]

Down she goes where she stops know one knows.

[wannabeeriche]

Where is Philip M. Verges in 2021

Just out of morbid curiosity. I bought into all the endless
companies he created because I had Confidence in the Man...a
West Point graduate. After watching him over the years I simply
referred to him as the ConMan. He even got into the pants of the
United Nations. I think the SEC gave him a pass because of the
West Point thing.

[ernie44]

bought at the bid

could be bad

[ernie44]

wow up 66 percent

[eddy2]

Your not down any because of the forward split . Liquidity is your issue along with fractional shares should they reverse there decision. Tough break buddy.

[pray]

Just wished I had sold in .003's.

[eddy2]

This offering slides from positive to negative because of the high volume of issued shares relative to there counterpart outstanding shares and its par value. This is a manipulative action to induce trading activity. Because the company is selling tax credits only the short sellers are paid out ie: the individuals who loose money. The house never looses and corporate tax’s must be paid.

[eddy2]

Bid $.0009 are you crazy man ? Know one is ever going too consider that price.

[eddy2]

https://sec.report/Document/0001157523-11-005162/

Don’t let the last financials shock you. Look at investments and why sales are down. This was the last known financial statement. Should the equity holders through there subsidiary aquire more then 50% of the outstanding common shares it will most likely stop trading.

You will get a tax credit towards further investment adventures that will off set your loss. Things are looking up folks . Keep hanging in there.

[eddy2]

I believe they own a few shares in each one of the entities you mentioned . Then again it’s a changing dynamics out there. Most are fly by night outfits operating in the dark as they say. Remember every tax entity can own s host of other tax entity’s. I’m sure there well diversified but cash strapped. If they can't meet administrative wages the company will default and the hired help will own the company. It’s the nature of the beast.

[Lolo12]

CCTR, out of business

Symbol CUSIP Company Name CAIHF G2151A103 Chia Tai Enterprises International Ltd. CHBAF J05670104 Chiba Bank, Ltd. (The) CMAUF CHAEF Y1373B188 China Aerospace International Holdings Ltd. CHBU 16936P109 China Agri-Business, Inc. 167101203 Chibougamau Independant Mines Inc CFRLF CHAJF Y1376P101 China Assets Holdings Ltd. CALI 16936J202 China Auto Logistics Inc. G21124105 China Aircraft Leasing Group Holdings Ltd. Y13802130 16890M100 Y14251105 16890Y104 16946P107 China Aviation Oil Singapore Corp. Ltd. China BCT Pharmacy Group, Inc. China Bluechemical Ltd. China Botanic Pharmaceutical Inc. China CGame, Inc. CAOLF CNBI CBLUF CBPI CCGM CHJI 16890B104 China Changjiang Mining & New Energy Co., LTD.

[eddy2]

I’m going to bring up the topic of market cap and what it truly stands for. It’s correct to take the market cap and add your tax deficit found on the bottom line to come up with your gross market cap . If your the bottom line is a negative ie: tax’s owing then you would subtract this from the gross market cap. Now if it’s positive the government owing tax’s back that was paid in then that would be also subtracted leaving you with a net market cap.

What I’m trying to get across is that the bottom line can be a debt or receivable pending the companies present financial position. Now we know there is much more control in having a debt then a receivable so obviously a receivable is a much riskier position too have then a debt.

Collateral debt or receivable is much different but both carry an administrative penalty should they be defaulted upon.

So is the bottom line receivables or debt collateralized. Well of course not but the party who holds the debt are usually good for it pending the value of there currency.

Now most people think the benchmark for a countrys currency is the United States dollar. The thing is the United States dollar has to be compared too all the world commodity price index not just gold, silver or wheat but everything in relation ship too it’s buying power.

One often hears the term dilution. If a currency is loosing it’s buying power it is being diluted.

Now if you have a bottom line that is negative and the dollar is being diluted then the tax debt is being diluted. This would be a good thing yet the market gets panicked. Now if there is tax’s owed due too debt and tax credits being on the books this is a very risky too having the bottom line turn negative for you and having dilution on your side not working against you. I’m going to let everyone here turn the numbers around in a deflationary business environment when you have shrinking spreads between capital costs and consumer revenues. Remember the spread is your friend or return on your capital after EBIDA.

I would like too hear your comments it helps us too udjust our messages too what the retail investor truly is understanding in our commentary’s that we are delivering.

[eddy2]

Your guess is as good as mine. I’m only speculating. I have no connection with management whatsoever. This is all a game of speculation and 90% of the time I get it totally wrong. Sometimes you win but most of the time you loose. The house holds the upper hand not me.

[pray]

So are you saying once they get to certain point in finances they will have to RS to continue the stock?

[eddy2]

Once the company takes back there loans and collateral from there creditors they only have the tax creditors ie: common shareholders too contend with. Once more then fifty percent of that debt is bought back they don’t have too report.

Because 30% of the tax credit only makes up the outstanding shares the company is said to be solvent and is not required too report. So why is it still being traded when there is no advantage too the company too purchase there tax credit. They have to pay there tax debt there is no getting around that. If you pay the tax debt and not the credit the tax credit will grow as will the outstanding share value.

The irony of it all is cause you have a outstanding shares valued at what was invested and a asset on the books that is considerably less you must then apply a valuation too the earnings that is supporting the lending too there clients in the form of collectibles ie : equity debt, tax debt and tax credit if there is equity on the books.

Remember the financials are written for the common shareholders not the equity holder but the equity holders control all credit and debts . There are institutional equity holders and inside equity shareholders . Can a Institution become an insider well of course. It’s often referred too as a convertible structured settlement, reverse merger, ect. Where collateral is transferred often along with sold tax credits forcing an issued share reversal or split if you like that term better. All of these actions must be followed to stay ahead of the trading curve.

With our tutorials you all should be following the ratios between the equity holders and common shareholders through the guide of the top of the cash flow statements. If this ratio has not changed and the above mentioned has not changed then there is no requirements too submit a full blown financials and can they can announce a overall equity earnings report through an obscure reporting body.

It’s out there boys and girls and it looks very promising but never and I say never take anyone’s word from a talk room bull board. Do your DD and find that obscure information and apply the ratios as we have discussed and come too your own financial conclusion.