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SEC Obtains Final Judgments Against Two Defendants in CodeSmart Fraud:
https://www.sec.gov/litigation/litreleases/2023/lr25636.htm
On February 8, 2023, the U.S. District Court for the Eastern District of New York entered final judgments against Craig Josephberg and Ira Shapiro, enjoining them from violating certain provisions of the federal securities law and imposing other remedies.
According to the SEC's complaint, starting in 2013, Josephberg and Shapiro, along with the other defendants, were involved in a scheme to manipulate the securities of CodeSmart Holdings, Inc. ("CodeSmart"). The SEC alleged that Shapiro, as CEO of CodeSmart, engaged in a promotional campaign to artificially inflate the price of the stock. Meanwhile Josephberg and another individual invested their brokerage clients in CodeSmart. In short, the SEC alleged that the plan was for the defendants to profit at the expense of Josephberg's brokerage clients.
The SEC's complaint charged Josephberg with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 9(a) and 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder and charged Shapiro with violating Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. On February 8, 2023, the Court entered separate final judgments against Josephberg and Shapiro by consent in which they each agreed to be permanently enjoined from violations of the charged provisions and to penny stock bars. Shapiro additionally consented to an officer and director bar. Josephberg agreed to disgorge over $735,000 in ill-gotten gains and prejudgment interest thereon, the payment of which was deemed satisfied by the restitution order in the parallel criminal proceeding, United States v. DiScala, et al., 14 Cr. 399 (E.D.N.Y.).
The SEC's litigation is being handled by Todd Brody and Lindsay Moilanen of the New York Regional Office and is being supervised by Sheldon L. Pollock and Joseph Sansone. The SEC appreciates the assistance of the U.S. Attorney's Office for the Eastern District of New York and the Federal Bureau of Investigation.
That was an interesting case...
Codesmart Holdings Inc. SEC Litigation:
https://www.sec.gov/litigation/litreleases/2023/lr25606.htm
lol, definitely not.
Thanks, Renee. About time it was put out of its misery.
Why is there no ask? Nobody wants to sell? Why?
On Something. Janice if you can not name it, perhaps it's bigger than any of us can know with the information we have. An epiphany. haha
Hmm 3/10 of a bases point. It' s a start.
You can get time and sales for ITEN here. When there're trades:
http://ih.advfn.com/stock-market/USOTC/codesmart-holdings-inc-ITEN/trades
Scottrade does not provide updates on Gray sheet trades
Of course they are. Time and sales is always available.
Ok, Grays buys are recorded on IHUB and Scotttrade? News to me!
That's not exactly exciting news. Most Greys trade at least a little.
Janice, really want to commend you for not deleting posts you do not agree with. It's trading and has been trading for 10 days.
What utter bullshit. btw, Codesmart is now in default in Nevada:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Y%252fqNlXxk9tl%252fHCyxUrrrUA%253d%253d&nt7=0
I SMELL BUYOUT,[001]TO START THINGS MOVING.THAN OFF GRAYS,AND BACK TO PINK SHEETS, INJOY THE RIDE BACK TO PENNYLAND. NEWS NEXT WEEK, GET YOUR LOTTERY TICKET NOW.
Probably whoever bought it didn't even realize it was Grey. Some people do no DD at all.
1,000 shares is nothing to write home about compared to the millions of shares people are on the hook for. You often see this kind of low volume spike right before the ticker is shut down for good. AIMO GLTY
ITEN
Nothing is happening. ITEN is dead and gone, condemned to the Greys as a stock, and no longer doing business.
Who really knows Janice, it is happening in front of our eyes.
There're probably tons of potential sellers. Just not many buyers. Why should there be?
Another opinion. All I can say, it was a buy and there was a seller.
Some idiot put in a market buy for a thousand shares.
My scottrade shows right now that it jumped to .001..how is that possible?
Just until ITEN's registration is revoked. Good luck.
So you all know, there was a buyer and a seller for the shares that traded recently. Stranger than fiction. Who the heck knows. Here is to a great 2015 and to a greater 2016. GLTA
Some real things or hypothetical values never die.
AMEN! Fraud as Fraud is
Eh....what happened!!!! Load up...Load Up...this is going to pop any day now..Oh my bad....guess um dumping salt on open wounds...Hey but this is what happens when reality is ignored. Over a year I watched this and just couldn't understand where ANY amount of hope was warranted. NEVER MARRY A PENNY STOCK AND NEVER IGNORE FUNDAMENTAL FACTS...GTLA
You are not a "victim". Shapiro's indictment and arrest were not kept secret. Anyone who bought ITEN since July 2014 was aware of what could, and probably would, happen.
Collateral damage is a general term for unintentional deaths, injuries, or other damage inflicted incidentally on an intended target. Thanks SEC
Now, I really know what the term means, I am a victim, so the common have no recourse. Well on to next year, a little smarter. Overall it's been a great year. GLTA happy Holidays to all.
Here's to 2016!!!!
No. The suspension ends at 11:59 p.m. tonight. ITEN will be eligible to trade on the Grey Market tomorrow.
Today start to be quoted? Ad sec write?
You understand it's still suspended, don't you?
I left over a year ago when Diego did. I did believe he would help. Him quitting was my hint. I did ride this to .01 and bounce. So I'm not too butt hurt. Some people won't listen even with the clues in front of them. This is maybe my 4th post here since Diego left. Not rubbing it in, just surprised.
Some feel they need to buy more stock in this scam and have the right to be scammed even further. Don't know why.
Shocker. The CEO was arrested how long ago?? Roca and management even quit. It's past oct. lol
The SEC suspended, and will ultimately revoke this issuers registration to protect you from yourself from becoming even more of a financial victim of this fraud. Further, they are protecting future victims and others from collaborating with the issuer to aid and abet them in luring in future victims.
Collateral Damage.
Thinking about what is available to me under the confines of the law, seeking more legal advice.
Thank you for sharing your informed slated views.
The money for me involved here is not the issue. For some, it is a serious issue. This is a much bigger problem, much broader, the gap in the law(s), or no law(s), that effects the common.
SEC makes moves without any consideration of the outcome, as long as they
get theirs.
Find ways to protect the common.
I am calling the FBI
It doesn't. It comes down to your making a poor investment because you failed to do even minimal research.
Don't waste your time calling the FBI. They aren't interested in your trading mistakes.
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Quote:FORBES Magazine and the Department of Labor =>
CodeSmart™ Group Announces $1.3M in Commitments to Provide ICD-10 Education and Consulting Services
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NEW YORK, Nov. 15, 2013 /PRNewswire/ -- CodeSmart Holdings, Inc. (OTCQB: ITEN), with its subsidiary, The CODESMART™ Group, Inc. (collectively, "CODESMART"), a premier ICD-10 education and solutions group that offers CODESMART™ UNIVERSITY, its on-line education solution and customizable training solutions, announced today that it has agreed to terms with 5 hospitals and healthcare organizations and three of CODESMART's teaming partners to provide ICD-10 consulting services and education to their professional coders and clinicians. CODESMART™ will enter into Service Agreements with these new clients during the month of December with a total collective contract value of approximately $1.3M. The collective Agreements consist of a blend of services to be provided from each line of business provided by CODESMART™. The total also includes their direct marketing new coder program.
Among the new clients is Mennonite Health System, a non-profit organization that provides healthcare services and has hospitals and clinics in several towns of Puerto Rico; HeartPlace, a cardiovascular treatment center located in North Texas with over 25 locations; and WorkBeast, a staffing industry expert which will utilize professional coders trained and provided by CODESMART™ to various healthcare organizations. Collectively the above mentioned healthcare organizations account for approximately $1.1M of the services to be rendered.
"It appears that the era of procrastination has ended and healthcare facilities are ready to move forward with ICD-10 training," said Ira Shapiro, Chairman and CEO of CODESMART™. "With the deadline quickly approaching, we welcome the opportunity to assist our new and existing clients with their transition to ICD-10."
About CodeSmart™
CodeSmart Holdings, Inc. (OTCQB: ITEN) with its subsidiary, The CODESMART™ Group, Inc., is a premier national subject matter expert for ICD-10 education and compliance in the United States. Its product, CODESMART™ UNIVERSITY, is an on-line program of study for existing coders, new coders, clinicians, and healthcare roles of all types. Created by a combination of a leading panel of ICD-10 subject matter experts and a major four-year accredited university, which contributed the nation's top course designers and a platform that already provides interactive education to more than 60,000 students per year in degree programs. The ICD-10 training also includes live professors who work with and guide students through the programs of study in ICD-10.
CODESMART™ UNIVERSITY is endorsed by over 60 colleges and universities nationwide for its quality of education. The CODESMART™ Group, Inc. also provides solutions for ICD-10 transition, outsource coding, coding audits, critical documentation improvement and the revenue cycle continuum.
To learn more about CODESMART™ UNIVERSITY's proprietary programs, visit www.codesmartgroup.com or www.codesmartuniversity.org.
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