DD Support Board and Research Team

[loanranger]

We probably could have stopped reading here:
"As OTC Markets Group continues to position itself as a respected venture trading platform...."

A great idea but it's all about positioning. When OTCM starts reading the financial statements that they publish as "Current Information" I'll believe that their efforts are sincere.
Here's a question:
When was the last time they kicked back a financial statement for any reason other than the lack of a signature?


I'm looking forward to seeing if they actually implement this....
"A company may be removed from the OTCQB or OTCQX, upon the sole discretion of OTC Markets Group, if it is involved in an active campaign involving misleading information or manipulative promotion."
....and pass up those annual fees, without some regulatory or legal action in advance of it.

[flaflyersfan]

Clicked on a Trump iHub ad;

https://pro.agorafinancial.com/p/TAO_bonanza_0117/LTAOT271/Full?s1=&s2=&s3=&h=true

Which stock am I supposed to buy $1000 worth that will make me a millionaire?

Good luck.

[Huggy Bear]

TTCM, nee RDSH, is a Michael Nugent con game.

http://www.smh.com.au/national/conman-micheal-nugent-bankrupted-for-second-time-20140412-36jz3.html

http://www.smh.com.au/nsw/business-as-usual-claims-bankrupt-magnetic-engine-conman-20140419-36xgn.html

http://www.smh.com.au/national/lifes-been-a-masquerade-ball-for-this-conman-but-the-charade-is-unravelling-20110416-1dix5.html

But in the past decade, the conman has lived the high life on millions of dollars raised from small investors around the country, without ever delivering on his promises by producing anything that works.

How nice of him to bring his con artistry to the good ole USA.

[janice shell]

Groooaaaannn...

[janice shell]

Kit Kat bars would probably be more valuable.

[janice shell]

Just about all of them sound sketchy.

[Monksdream]

I agree with your assessment. I can't think of anything to add at the moment.

[Sleepy2016]

They tried once but it cut into the bottom line. Undisclosed stock promotions are their bread and butter.

[Zorax]

Interesting, but it sounds like shes taking everything from the bought out DD group here- OTCToday I think it was and is running with their concepts and hard work. But I guess you can do that if your company buys something out entirely.

[lucky, mydog]

i'm guessing ihub won't do the same.

[12yearplan]

http://securities-law-blog.com/2017/12/05/otc-markets-group-establishes-a-stock-promotion-policy/

[236T568]

Auditing Clients of Anton & Chia LLP

Accounting/Auditing Firm
3501 Jamboree Rd.,
STE 540
Newport Beach, CA 92660
949-769-8905



http://www.otcmarkets.com/research/service-provider/Anton---Chia-LLP?page=1&pageSize=25&id=2084&filterOn=5

Audit Firm Charged With Fraud Relating to Auditing of Penny Stock Companies

FOR IMMEDIATE RELEASE
2017-220

Washington D.C., Dec. 4, 2017 —

A California-based audit firm is being charged with conducting flawed audits and reviews of financial statements, which are critical sources of information for investors.

SEC Order - Anton & Chia LLP
SEC Order - Koch
SEC Order - Gandhi

SEC Complaint www.sec.gov/litigation/complaints/2017/comp24000.pdf

The SEC’s Enforcement Division alleges that Anton & Chia LLP and its accountants ignored numerous indications of fraudulent financial reporting by three of the firm’s audit clients – microcap companies Accelera Innovations Inc., Premier Holding Corp., and CannaVEST Corp. For example, Accelera’s public filings allegedly included revenue, assets, and liabilities from an entirely different company. The Enforcement Division alleges that instead of standing in the way of Accelera’s fraud, Anton & Chia facilitated it.

Accelera Innovations Inc., Premier Holding Corp., and CannaVEST Corp. have been charged with fraud by the SEC. The Enforcement Division is alleging that certain conduct by Anton & Chia in connection with the audits was fraudulent, charging the firm with violations of Section 10(b) of the Securities Exchange Act.

Anton & Chia’s co-owners Gregory A. Wahl and Georgia Chung as well as former partner Michael Deutchman and former audit manager Tommy Shek are being charged along with the firm for their roles in the audits and/or interim reviews. The case will be scheduled for a public hearing before an administrative law judge, who will prepare an initial decision stating what, if any, remedial actions are appropriate.

“Auditors are crucial gatekeepers whose careful oversight of financial statements helps ensure that public companies provide accurate information to investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.

Steven Peikin, Co-Director of the SEC’s Enforcement Division, added, “As alleged in the order, Anton & Chia and its accountants left investors with false assurances that financial information for three microcap companies had been properly audited or reviewed. They had the opportunity to stop multiple frauds in their tracks but failed to do so.”

Anton & Chia partner Richard J. Koch and former partner Rahuldev Gandhi settled SEC charges for their roles in the audits and interim reviews. They each agreed to pay $15,000 penalties and be suspended from appearing and practicing before the SEC as an accountant, which includes not participating in the financial reporting or audits of public companies. Gandhi is permitted to apply for possible reinstatement after three years and Koch can apply for possible reinstatement after two years.

The charges announced today are the product of multiple SEC investigations. The investigations were conducted by Ariella O. Guardi, Christopher H. White, Pesach Glaser, Leslie Kazon, Bennett Ellenbogen, James Addison, Jennifer T. Calabrese, and Christopher Conte, and were supervised by Charles J. Kerstetter, Michael Paley, Rhoda Chang, and Victoria A. Levin.

The Enforcement Division’s litigation will be conducted by Alyssa A. Qualls, Steven C. Seeger, David J. VanHavermaat, Leslie Kazon, Ariella O. Guardi, and John E. Birkenheier.

###

https://www.sec.gov/news/press-release/2017-220

[e-ore]

Now that he's passed away maybe he's the new angel investor

"attracted a major new angel investor who has provided significant resources, and has committed to financially support our effort going forward as an SEC reporting NASDAQ company."

[Slojab]

I'll need to see proof.

Got a link?

[lucky, mydog]

or, " we didn't kill him".

[Slojab]

So, they "departed" on good terms, eh? LOL

[Slojab]

What if they own 900,000 shares? They get nothing?

And for those who DO double their shares, will they be buying them from the market or the company?

[lucky, mydog]

lol. not that he died.

Departures of Directors

Richard Salvador, the former Chairman of the Board passed away. There were no disagreements between Mr. Salvador and our Board of Directors regarding any business practices or procedures.

https://ih.advfn.com/p.php?pid=nmona&article=76234109

[surfkast]

Maybe the PCOAB needs a heads up?

Mr. Messineo, age 49, is a certified public accountant in Florida and New York and is a registered public accountant with the Public Company Accounting Oversight Board ("PCAOB).

[integral]

Heading to Tarrytown for the holidays again, staying with friends, and going to do some exploration on real estate, property taxes, etc.

Only spending a day in the city. Getting too old for the hustle, but have to go to Bergdorf.

[Zorax]

Have you ever wondered if these people have someone else writing the bio's and PR's for them?
And then the subjects themselves never bother to proofread the junk?

How's your reentering the field going by the way?

[Zorax]

"I don't think a company can distribute an asset that does not exist."

Wait what? I just had a Kit Kat for lunch.

Oh, you must meant the amazing cryptocurrency they created.

You're an accountant and stuff. Why don't you create a CTO and probably everyone on this board will buy in. I know I would.

[integral]

Peter Messineo

Mr. Messineo, age 49, is a certified public accountant in Florida and New York and is a registered public accountant with the Public Company Accounting Oversight Board ("PCAOB"). Peter has over 25 years of accounting experience in public accounting practice, consulting and private industry as Controller and Chief Financial Officer.

Peter knows better than to have been quoted the aforementioned in red.

http://investorshub.advfn.com/Infrax-Systems-Inc-IFXY-12814/

He and Talari are a mess.

[surfkast]

Wash trading makes money!

Must be related to Talari!


DLCsprinkles Tuesday, 12/05/17 10:45:55 AM
Re: joelbtl post# 43099
Post #
43100
of 43106 Go
One way to screw the wash trading up is to have volume go away. They don’t like the standstill - makes zero money if volume isn’t there.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=136650145

[integral]

I don't think a company can distribute an asset that does not exist.

[Zorax]

Might well as be Kit Kat bars.

[Sleepy2016]

You beat me to it, they're just begging to be shut down with this:

Tautachrome, Inc. (OTCQB:TTCM) today announced that it will distribute a 20% KLK cryptotoken bonus to existing shareholders who double their ownership of TTCM shares during the time period November 30, 2017 to January 16. 2018, the Record Date for the Company’s first distribution of KLK cryptotokens to its common shareholders. To shareholders who do NOT double their shareholdings during the time period November 30, 2017 to January 16. 2018, but who DO own one million or more shares on the January 16, 2018 Record Date, the Company will distribute a 10% KLK cryptotoken bonus during the Company’s first distribution of KLK cryptotokens to its common shareholders.

[rrojarom]

Doesn’t this sound a bit sketchy also?

Tautachrome Inc. Announces KLK Cryptotoken Bonuses, Rewarding TTCM Share Buying

Dec 05, 2017
OTC Disclosure & News Service

-

ORO VALLEY, Ariz., Dec. 05, 2017 (GLOBE NEWSWIRE) -- Tautachrome, Inc. (OTCQB:TTCM) today announced that it will distribute a 20% KLK cryptotoken bonus to existing shareholders who double their ownership of TTCM shares during the time period November 30, 2017 to January 16. 2018, the Record Date for the Company’s first distribution of KLK cryptotokens to its common shareholders. To shareholders who do NOT double their shareholdings during the time period November 30, 2017 to January 16. 2018, but who DO own one million or more shares on the January 16, 2018 Record Date, the Company will distribute a 10% KLK cryptotoken bonus during the Company’s first distribution of KLK cryptotokens to its common shareholders.

As announced twice last week, the Company’s KLK cryptotoken sale is planned to be carried out in several offerings during 2018, nominally four such offerings. As also announced, the Company has reserved 100,000,000 KLK cryptotokens to distribute to its common shareholders and its convertible promissory noteholders roughly in synchrony with these four planned offerings, with a 25% chunk of the 100,000,000 cryptotokens distributed to shareholders who are “of record on the Record date” of January 16, 2018, and the balance of the 100,000,000 distributed in similar chunks to shareholders who are “of record” on subsequent Record Dates. A new Record Date will be set for each distribution.

The Company’s CEO, Dr. Jon N Leonard said today “Let me reiterate what I said in our press release last Friday: The more common shares a shareholder owns on each Record Date, the more KLK currency the shareholder will receive in the distribution associated with that Record date.” He went on to say “Today’s announcement is to encourage additional shareholder financial participation in the Company. I believe that a strong and committed shareholder base will be an asset to the effective development of the KlickZie imagery ecosystem that will be built on the KLK cryptotoken. We are committed to building a strong crypto currency based on real world global activity in everyday imagery, that will be spent on all-things KlickZie, as well as a deposit of wealth that will be used for all things human.”

About Tautachrome

Tautachrome, Inc. (OTCQB: TTCM) is an emerging growth company in the smartphone imagery technology sector. Tautachrome has revolutionary already-issued trusted imagery patent claims, already approved and soon to be issued Talk-to-the-Picture social networking patent claims, and three patents pending containing further Talk-to-the-Picture social networking claims and further trustable imagery claims.

Safe Harbor Statement Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.

Contact; Tautachrome, Inc.
Tel; [phone]
Web; www.tautachrome.com
Investor relations; [e-mail]


Primary Logo

Copyright © 2017 GlobeNewswire. All Rights Reserved

[The Whale]

https://arstechnica.com/tech-policy/2017/12/feds-shut-down-allegedly-fraudulent-cryptocurrency-offering/?amp=1

[loanranger]

Those guys had problems of their own:
https://www.google.com/search?q=%22Child,+Van+Wagoner+%26+Bradshaw%22&client=firefox-b&ei=V28mWquXD9Gi_Qb73Yi4Bw&start=0&sa=N&biw=1483&bih=864

[scion]

Digital Display Advertising Firm, Executives Charged With Bilking Investors

FOR IMMEDIATE RELEASE
2017-221

SEC Complaint
http://www.sec.gov/litigation/complaints/2017/comp24001.pdf

Washington D.C., Dec. 4, 2017 —

The Securities and Exchange Commission today charged a Seattle-area outdoor digital signage advertising company and two of its senior executives with stealing more than $2 million from retail investors.

According to the SEC’s complaint filed in U.S. District Court in Seattle, Digi Outdoor Media Inc.’s former chief executive officer, Donald MacCord Jr., and chief financial officer Shannon Doyle raised nearly $4.5 million in promissory notes by claiming they would use investor money to construct and install digital signs for commercial advertising around Washington, D.C. Instead, the complaint alleges that MacCord and Doyle secretly diverted millions of dollars of investor money for their own personal use, including MacCord’s luxury cars, $20,000 per month rent on a Southern California mansion, nanny and housekeeping services, and private school tuition for his children, while Doyle diverted several hundred thousand dollars to his other unrelated businesses.

The SEC’s complaint further alleges that MacCord and Doyle tried to hide their theft by creating fake invoices and sham loans to justify the money they took. They then encouraged investors to convert their promissory notes to common stock, provided forged leases to Digi’s independent auditor, and filed false financial statements with the SEC in an attempt to take the company public rather than pay off their outstanding debt to their investors.

“As alleged in our complaint, MacCord and Doyle went to great lengths to conceal their fraud by creating fake invoices, loans, and leases so they could use Digi as their personal piggy bank and bilk individual investors,” said Jina L. Choi, Director of the SEC’s San Francisco Regional Office.

In a separate action, the U.S. Attorney’s Office for the Northern District of California filed criminal charges against MacCord for conspiracy to commit wire fraud, submitting false writings to a government agency, obstruction of official proceedings, and destruction, alteration or falsification of records in federal investigations, and against Doyle for conspiracy to commit wire fraud and obstruction of official proceedings.

The SEC’s complaint charges MacCord, Doyle, and Digi with violations of the anti-fraud provisions of the federal securities laws and seeks disgorgement of allegedly ill-gotten monetary gains plus interest and penalties, permanent injunctions, and officer-and-director and penny stock bars.

The SEC’s investigation was conducted by Justin M. Lichterman and Michael Foley of the San Francisco Office and supervised by Tracy Davis. The litigation will be led by Robert Tashjian and Jason Habermeyer and supervised by Susan LaMarca. The SEC appreciates the assistance of the U.S. Attorney’s Office for the Northern District of California, the FBI, and the Financial Industry Regulatory Authority.

###

https://www.sec.gov/news/press-release/2017-221

[Zorax]

Wow, a super big supporter of n-t-ek and supporter and great buds to the principal of n-t-ek, was a huge supporter and player of poker stars too. He lived on poker stars.
I wonder if people who profited from poker stars have anything to worry about. But it has been a while.

[Crazy Money]

https://www.coinbase.com/charts

[integral]

This has been in the making for quite some time.

[integral]

I don't see them listed on NYSE or NASDAQ with anti-dilution features.

[stockmasterflash]

Scott Sand fired these guys

https://www.sec.gov/Archives/edgar/data/861058/000101968709003995/ingen_8ka-110909.txt

to hire Anton and Chia pet, who subsequently gave them a much more cudly opinion

[scion]

Europe puts 25 nations on draft tax haven blacklist

Countries scramble to make reform pledges to avoid inclusion on final document

Rochelle Toplensky in Brussels
https://www.ft.com/content/1efef488-d691-11e7-a303-9060cb1e5f44

More than two dozen countries face being named on a European tax-haven blacklist as the EU moves to crack down on aggressive avoidance.

The draft list, compiled by the European Council’s Code of Conduct (COC) group, comprised of tax experts from each EU member state, includes 25 countries. However, at least four — Panama, Samoa, Guam and the Marshall Islands — are likely to be removed after they made last-minute promises to reform.

Others may follow as the group considers any further pledges received by Monday evening. Countries hit by the summer’s big hurricanes in the Atlantic and Caribbean have until February to provide a response.

But Brussels is keen to ensure national political interests do not influence EU finance ministers when they finalise the list on Tuesday.

EU member states still need to decide when the list will be updated, how they will track progress on promised reforms and what sanctions will be imposed on blacklisted countries.

Officials say countries have been scrambling to promise reforms to avoid being included on the list. In addition to reputational damage, existing and planned EU legislation has practical implications for blacklisted jurisdictions, such as imposing additional financial disclosure requirements on multinationals doing business with them.

To stay off the list, countries must meet three criteria or promise to reform their systems to comply. Nations must have fair tax rules, which the EU defines as not offering preferential measures or arrangements that enable companies to move profits to avoid levies. They must also meet transparency standards and implement anti profit-shifting measures set by the Organisation for Economic Co-operation and Development.

The European Commission has put pressure on the council to ensure the list is comprehensive and that details of reform pledges made by those left off are also made public to ensure transparency.

“The list will be the member states’ responsibility and it will be their credibility that is at stake,” said Pierre Moscovici, European commissioner for tax, last week. “A short blacklist would only be acceptable if accompanied by a substantial and public record of the commitments obtained.”

International authorities have previously published similar blacklists, but most have struggled for credibility.

The OECD’s tax haven list published in June 2016 contained only one country — Trinidad & Tobago.

Alex Cobham of Tax Justice Network, a campaign group, said at the time that the document marked a disheartening return to “the [OECD’s] old pattern of creating ‘tax haven’ blacklists on the basis of criteria that are so weak as to be near enough meaningless, and then declaring success when the list is empty”.

Applying the council’s criteria to publicly available information, Oxfam, the charity, said such a list should feature 35 countries — including EU members Ireland, Luxembourg, the Netherlands and Malta. The COC process has not considered EU members in its analysis.

A commission attempt in 2015 to create an EU blacklist based on those compiled by individual member states was subject to political interference, as countries seeking to avoid inclusion lobbied national governments to drop them from their original lists.

Blacklisting countries has always been “a political process”, Elena Gaita of Transparency International, the anti-corruption watchdog, said. The COC group was “the most secretive council group — the council’s black box”, and having it run the process risked creating a list that was “far from objective and comprehensive”, she said.

However, four people familiar with the COC analysis said it had been systematic and free of political intervention.

The COC group warned 53 jurisdictions in the autumn that they risked being listed. Initial screening identified 92, who were asked in February to provide additional information. Only Namibia did not engage with the process.

To be credible, the council’s list must be “a meaningful, objective, transparent list backed by a robust monitoring process, as well as by dissuasive countermeasures to maintain pressure on third countries”, Mr Moscovici said.
...
https://www.ft.com/content/1efef488-d691-11e7-a303-9060cb1e5f44

[scion]

EU Urged To Name European States In Tax Haven ‘Blacklist’

https://www.icij.org/investigations/paradise-papers/eu-encouraged-name-european-states-tax-haven-blacklist/

Thirty-five countries should be named and shamed on the European Union’s upcoming list of countries that facilitate tax avoidance and evasion, according to a new report by nonprofit Oxfam.

The EU brought forward discussions on a “blacklist” of tax havens after the Paradise Papers revelations. The list is expected to be published on December 5.

“It’s time that we agree and publish a blacklist on tax havens,” EU tax commissioner Pierre Moscovici said in the days following the release of the Paradise Papers. While European countries currently adopt their own list of tax havens, officials believe an EU-wide list could have greater force in discouraging tax avoidance.

Oxfam’s proposed list of tax havens includes familiar names such as Jersey, Switzerland and Mauritius as well as less familiar names such as Albania, Serbia and Oman.

The proposed list is based on a combination of a country’s tax transparency, its tax rate and its participation in global anti-tax avoidance agreements.
...
more
https://www.icij.org/investigations/paradise-papers/eu-encouraged-name-european-states-tax-haven-blacklist/

[scion]

OFFSHORE GAMBLE
The End Of Elusion For PokerStars

An online gambling firm used the offshore world to cater to U.S. players until a Justice Department crackdown.
...
more
https://www.icij.org/investigations/paradise-papers/end-elusion-pokerstars/

[janice shell]

That took long enough...

[scion]

Audit Firm Charged With Fraud Relating to Auditing of Penny Stock Companies

FOR IMMEDIATE RELEASE
2017-220

Washington D.C., Dec. 4, 2017 —

A California-based audit firm is being charged with conducting flawed audits and reviews of financial statements, which are critical sources of information for investors.

SEC Order - Anton & Chia LLP
SEC Order - Koch
SEC Order - Gandhi

SEC Complaint http://www.sec.gov/litigation/complaints/2017/comp24000.pdf

The SEC’s Enforcement Division alleges that Anton & Chia LLP and its accountants ignored numerous indications of fraudulent financial reporting by three of the firm’s audit clients – microcap companies Accelera Innovations Inc., Premier Holding Corp., and CannaVEST Corp. For example, Accelera’s public filings allegedly included revenue, assets, and liabilities from an entirely different company. The Enforcement Division alleges that instead of standing in the way of Accelera’s fraud, Anton & Chia facilitated it.

Accelera Innovations Inc., Premier Holding Corp., and CannaVEST Corp. have been charged with fraud by the SEC. The Enforcement Division is alleging that certain conduct by Anton & Chia in connection with the audits was fraudulent, charging the firm with violations of Section 10(b) of the Securities Exchange Act.

Anton & Chia’s co-owners Gregory A. Wahl and Georgia Chung as well as former partner Michael Deutchman and former audit manager Tommy Shek are being charged along with the firm for their roles in the audits and/or interim reviews. The case will be scheduled for a public hearing before an administrative law judge, who will prepare an initial decision stating what, if any, remedial actions are appropriate.

“Auditors are crucial gatekeepers whose careful oversight of financial statements helps ensure that public companies provide accurate information to investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.

Steven Peikin, Co-Director of the SEC’s Enforcement Division, added, “As alleged in the order, Anton & Chia and its accountants left investors with false assurances that financial information for three microcap companies had been properly audited or reviewed. They had the opportunity to stop multiple frauds in their tracks but failed to do so.”

Anton & Chia partner Richard J. Koch and former partner Rahuldev Gandhi settled SEC charges for their roles in the audits and interim reviews. They each agreed to pay $15,000 penalties and be suspended from appearing and practicing before the SEC as an accountant, which includes not participating in the financial reporting or audits of public companies. Gandhi is permitted to apply for possible reinstatement after three years and Koch can apply for possible reinstatement after two years.

The charges announced today are the product of multiple SEC investigations. The investigations were conducted by Ariella O. Guardi, Christopher H. White, Pesach Glaser, Leslie Kazon, Bennett Ellenbogen, James Addison, Jennifer T. Calabrese, and Christopher Conte, and were supervised by Charles J. Kerstetter, Michael Paley, Rhoda Chang, and Victoria A. Levin.

The Enforcement Division’s litigation will be conducted by Alyssa A. Qualls, Steven C. Seeger, David J. VanHavermaat, Leslie Kazon, Ariella O. Guardi, and John E. Birkenheier.

###

https://www.sec.gov/news/press-release/2017-220

[scion]

SEC Files Fraud Charges Against Microcap Company and Its CEO

Securities and Exchange Commission v. Premier Holding Corp. et al., Civil Action No. 1:17-cv-09485 (S.D.N.Y. filed December 4, 2017)

Litigation Release No. 24000 / December 4, 2017

SEC Files Fraud Charges Against Microcap Company and Its CEO

The Securities and Exchange Commission today charged a microcap company and its CEO with conducting a fraudulent scheme to mislead investors about the company's success and prospects, hide its losses, inflate the value of its assets, and artificially prop up its stock price.

The SEC's complaint, filed on December 4, 2017, alleges that Premier Holding Corp. ("Premier"), a California-based company that describes itself as a green energy services provider, and its CEO, Randall Letcavage, orchestrated a series of purportedly important transactions with related parties designed to create the false appearance of an active company with a vibrant and promising business. According to the complaint, Premier and Letcavage used these transactions to mislead investors about the financial health of the company and to hide losses in Premier's financial statements. Among other things, Premier and Letcavage assigned a high value to Premier's most significant tangible asset, a promissory note, that they knew, recklessly disregarded, or should have known was incorrect. Premier and Letcavage allegedly misled investors about the value of this promissory note in filings with the SEC in 2013 and 2014.

The SEC also charged Joseph Greenblatt, a consultant who provided accounting services to Premier. According to the SEC's complaint, Greenblatt assisted Premier in preparing certain of its fraudulent financial statements, which included a valuation of the promissory note that he knew, recklessly disregarded, or should have known was inadequately supported.

The SEC's complaint, filed in the U.S. District Court for the Southern District of New York, alleges that:

* Premier is liable for violating Section 17(a) of the Securities Act of 1933 ("Securities Act"), Sections 10(b), 13(a), 13(b)(2)(A), and 13(b)(2)(b) of the Securities Exchange Act of 1934 ("Exchange Act"), and Rules 10b-5, 13a-1, 13a-11, and 13a-13 thereunder;

* Letcavage is liable: (i) for violating Securities Act Section 17(a) and Exchange Act Section 10(b) and Rule 10b-5 thereunder, Exchange Act Sections 13(a) and 13(b)(5) and Rules 13a-14 and 13b2-1 thereunder; (ii) as a control person under Exchange Act Section 20(a) for Premier's violations of the Exchange Act; and (iii) under Exchange Act Section 20(e) and Securities Act Section 15(b) for aiding and abetting Premier's violations of Securities Act Sections 17(a)(2) and 17(a)(3), Exchange Act Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B), and Rules 13a-1, 13a-11, and 13a-13 thereunder; and

* Greenblatt is liable: (i) for violating Exchange Act Section 13(b)(5) and Rule 13b2-1 thereunder; and (ii) under Exchange Act Section 20(e) and Securities Act Section 15(b) for aiding and abetting Premier's violations of Securities Act Sections 17(a)(2) and 17(a)(3), Exchange Act Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B), and Rules 13a-1, 13a-11, and 13a-13 thereunder.

The SEC complaint seeks permanent injunctions, disgorgement of ill-gotten gains plus prejudgment interest thereon, and civil monetary penalties as to all defendants, as well as a penny stock bar and an officer-and-director bar against Letcavage.

The SEC's investigation was conducted by Bennett Ellenbogen and Michael Paley, members of the Microcap Fraud Task Force in the SEC's New York Regional Office. The litigation is being led by Howard Fischer and Mr. Ellenbogen. The case is being supervised by Sanjay Wadhwa.

SEC Complaint
https://www.sec.gov/litigation/complaints/2017/comp24000.pdf


https://www.sec.gov/litigation/litreleases/2017/lr24000.htm
Modified: 12/04/2017

[flaflyersfan]

MRNJ- Illegal stock offering?;

http://metatroninc.com/series-b/

Looks more like a personal info phish. Why ask if a current shareholder?

Good luck.

[scion]

Plexcoin ICO Organizer Held in Contempt by Quebec Superior Court

Josiah Wilmoth on 26/10/2017
https://www.cryptocoinsnews.com/plexcoin-ico-organizer-held-contempt-quebec-superior-court/

PlexCoin ICO organizer Dominic Lacroix has been found in contempt of court in Quebec for violating a ruling that barred Lacroix and his associated companies from holding an initial coin offering in Quebec or soliciting investors from the Canadian province.

The Autorité des marchés financiers (AMF), Quebec’s chief financial regulator, announced in a statement that the Quebec Superior Court — the province’s highest trial court — had found Dominic Lacroix and an associated company, DL Innov inc, in contempt for violating an earlier court order related to the PlexCoin ICO.

In July, the AMF had issued orders prohibiting Lacroix and several associated companies from promoting “any form of investment” to investors in Quebec and operating an investment scheme from within the province, even if it was targeted solely at investors who did not live in Quebec. The order specifically mentioned PlexCoin, an ethereum-based token that markets itself as “the next cryptocurrency” and advertises the “potential profit” that investors will make by participating in the early stages of the now-concluded PlexCoin ICO.

In addition, the Financial Markets Tribunal (TMF) ordered PlexCoin to cease advertising on the internet — anecdotal accounts indicate the PlexCoin ICO had engaged in an aggressive Facebook ad campaign — close its Facebook accounts, shut down its websites or at least block IP addresses originating from Quebec, and publish the TMF order on the homepage of all associated websites.

When it became clear that Lacroix and PlexCoin did not intend to comply with the orders, the AMF issued a bulletin warning investors about the risk of investing in the ICO.

Then, in September, the TMF issued additional orders against Lacroix, associated companies, and another individual named Sabrina Paradis-Royer. Most notably, the orders prohibited them — as well as banks and third-party payment platforms — from disposing of “any funds, securities, or other property in their possession or entrusted to them”.

Now, Justice Marc Lesage of the Quebec Superior Court has found Lacroix and DL Innov inc. guilty of contempt of court for repeatedly violating these earlier orders. From the AMF announcement:

“In his decision, [Lesage] emphasized that the evidence filed by the AMF demonstrates beyond any doubt that Dominic Lacroix and DL Innov Inc., representatives and alter ego of PlexCorps and PlexCoin, continued to solicit and propose to investors, directly and indirectly, to invest in the purchase of PlexCoin, a virtual currency, after orders issued by the Administrative Court of Financial Markets preventing them from July 20, 2017.”

According to the announcement, a hearing will take place on November 14 to determine the penalty for the finding.

The PlexCoin saga is not Lacroix’s first run-in with the AMF. In June of this year, at the agency’s request, the TMF banned Lacroix, DL Innov inc., and several other related companies from “carrying out, directly or indirectly, any transaction in any form of investment” regulated by the Securities Act as punishment for breaching securities laws. The AMF also notes that Lacroix and one of his companies pled guilty to six counts of “illegal placement, illegal practice, and transmission of false or misleading information” in 2013 and were fined $25,000. PlexCoin was not named in either of these rulings.

Some statements in this article have been translated from French.

https://www.cryptocoinsnews.com/plexcoin-ico-organizer-held-contempt-quebec-superior-court/

[scion]

SEC Emergency Action Halts ICO Scam

FOR IMMEDIATE RELEASE
2017-219

SEC Complaint
http://www.sec.gov/litigation/complaints/2017/comp-pr2017-219.pdf

Washington D.C., Dec. 4, 2017 —

The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month.

The SEC filed charges against a recidivist Quebec securities law violator, Dominic Lacroix, and his company, PlexCorps. The Commission's complaint, filed in federal court in Brooklyn, New York, alleges that Lacroix and PlexCorps marketed and sold securities called PlexCoin on the internet to investors in the U.S. and elsewhere, claiming that investments in PlexCoin would yield a 1,354 percent profit in less than 29 days. The SEC also charged Lacroix's partner, Sabrina Paradis-Royer, in connection with the scheme.

Today's charges are the first filed by the SEC's new Cyber Unit. The unit was created in September to focus the Enforcement Division's cyber-related expertise on misconduct involving distributed ledger technology and initial coin offerings, the spread of false information through electronic and social media, hacking and threats to trading platforms.

"This first Cyber Unit case hits all of the characteristics of a full-fledged cyber scam and is exactly the kind of misconduct the unit will be pursuing," said Robert Cohen, Chief of the Cyber Unit. "We acted quickly to protect retail investors from this initial coin offering's false promises."

Based on its filing, the SEC obtained an emergency court order to freeze the assets of PlexCorps, Lacroix, and Paradis-Royer.

The SEC’s complaint charges Lacroix, Paradis-Royer and PlexCorps with violating the anti-fraud provisions, and Lacroix and PlexCorps with violating the registration provision, of the U.S. federal securities laws. The complaint seeks permanent injunctions, disgorgement plus interest and penalties. For Lacroix, the SEC also seeks an officer-and-director bar and a bar from offering digital securities against Lacroix and Paradis-Royer.

The Commission's investigation was conducted by Daphna A. Waxman, David H. Tutor, and Jorge G. Tenreiro of the New York Regional Office and the Cyber Unit, with assistance from the agency's Office of International Affairs. The case is being supervised by Valerie A. Szczepanik and Mr. Cohen. The Commission appreciates the assistance of Quebec's Autorité Des Marchés Financiers.

The SEC's Office of Investor Education and Advocacy issued an Investor Alert in August 2017 warning investors about scams of companies claiming to be engaging in initial coin offerings: https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-alert-public-companies-making-ico-related.

###

https://www.sec.gov/news/press-release/2017-219

[scion]

Ten arrested over murder of Maltese journalist Daphne Caruana Galizia

Malta’s PM Joseph Muscat offers ‘personal commitment’ that no stone will be left unturned in finding who commissioned and executed killing

Jamie Grierson Stephanie Kirchgaessner and Lorenzo Tondo Monday 4 December 2017 06.24 EST
https://www.theguardian.com/world/2017/dec/04/daphne-caruana-galizia-malta-journalist-eight-arrested-murder-inquiry

[DragonBear]

Going concern-per your post on that forum

Provide evidence of a scam.

Currently I'm in a small cap biotech, where they will file for a NDA after successful Phase 3 results early 2018. The FDA then rules on the NDA in one year or less. If approved, then it's ready for marketing. Assuming manufacturing capacity is present. The market is worried the $56M in cash they have won't be enough.

For comparison...

ONCX is still in Phase 1. Cash of $1.6M. They should be able to get through Phase 1 with that amount of cash. Not enough to cover Phase 2. And certainly not enough to cover Phase 3. So where are they going to get funding from? A couple of other red flags are:

Note the SG&A is higher than R&D expense. Paws in the cookie jar.

They apparently played a game of getting rid of the debt, but the largest cost expense still remains interest on convertible debt notes. Note the latest shelf offering takes the O/S from 103M to 146M. Another red flag is the A/S at 950M. They seem to expect to grow into it.

The usual route of a biotech startup is: Private company, infused with private equity. Get to Phase 2, obtain top level results, then IPO on the NAS. ONCX admits getting uplisted is a goal, and if it happens all kinds of things will convert to shares. So, how does a OTC Microcrap currently at 0.06, uplist to the NAS, and convince the market it's worth more than the minimal listing requirements? Especially if it arrives with 950M in a bloated O/S? They better have a large biotech partner announced, else uplisting seems a dream. But as we know, it's still a popular Microcrap scam angle.

How about the science? In theory blocking prolactin receptors should help slow down metastasis of breast, ovarian, prostrate cancers. I could find only one other clinical trial using a monoclonal Ab, which attempted this approach. Google LFA102. Although well tolerated, it failed in having any anti-tumor in vivo activity during Phase 1. If high prolactin levels are present in a cancer patient, then why not give Bromocriptine, to suppress pituitary secretion? And out of curiosity a Goog search yields they are using that drug in cancer patients to lower PRL.

Another tidbit is the Phase 1 trial in the CT database. It was first registered in 2015. Started in Feb 2016. Last update by ONCX was 14-Apr-2017. Yet the status as of last Apr was "recruiting". Due to have data Dec 2017, and final results Jan 2018, while in a status of "recruiting"?

I bring this up, because in another Microcrap it was the same scenario - a CT started, and a couple of years later it was still "recruiting". Eventually the trial was shutdown, because they attracted only 1 patient to participate in the trial. And he died 6 months later due to complications from his cancer. So it's not unusual for a Microcrap scam (even a well meaning one) to get a CT trial started, but never completed.

What is ONCX going to report in Jan? Did they get enough participants? Or will they throw out the red flag, that the CT is still ongoing, with results expected at the end of 2018 instead?

No, one can't yell scam yet. But if the O/S soars, that would be a strong sign. If they don't give results for Phase 1, another red flag. And/Or if they do give Phase 1 results, and pretend it's going to take many months to start Phase 2, yet another red flag. CT time delays don't make money. Currently odors are coming off of ONCX.

[janice shell]

Well, in a way I suppose it's similar to the Dominion of Melchizedek. But I don't think it purports to be an actual country. Just a kind of autonomous authority. But then I don't know much about it.

[Zorax]

https://sites.google.com/site/southerncherokeenationredfire/important-notices

Is this anything like that crazy lady and the county of machalvelich or whatever it is called where she was her own country?

[Koog]

From the official Cherokee web site in 2000:

http://www.cherokee.org/News/Stories/22692

So-called Southern Cherokees Claims False

TAHLEQUAH, Okla.-Let the buyer beware. A group calling themselves the Southern Cherokee Nation claims to be a sovereign nation and has announced plans to open up casino gambling on boats on the Arkansas River. This group is not a federally recognized tribe, but rather one of more than 200 groups across the United States that claim to be Cherokee. The federal government recognizes just three Cherokee groups as tribes: the Cherokee Nation, the Eastern Band of Cherokee Indians, and the United Keetowah Band of Cherokees.

Of the remaining groups, many are just clubs whose members may or may not belong to a Cherokee tribe, but enjoy learning about the history, language and traditions of the Cherokees.

However, some groups, such as the Southern Cherokees, are not as innocuous. They are claiming land, treaty rights, and sovereign status. Information on the group's own web site states that they are a "Branch of the United Deist Association, who afforded the group…. tax exempt status in both North and South Carolina."

"It's hard to claim to be a sovereign nation with land in Oklahoma and have your only recognition be on the East Coast," said Richard Allen, the senior research analyst for the Cherokee Nation. "I don't know who these guys are. Their phone numbers are in Missouri. People know how to find the true Cherokee Nation. We've been in Tahlequah for about 160 years."

In the past, government agencies have exposed fraudulent organizations purporting to be Cherokee. One group conned investors with a scheme to create it's own nation on an island in the Rio Grande. Other scammers have claimed to be a Cherokee tribe and solicited donations, or issued coins claiming to be the official currency of the Cherokee Nation.

"These people have no legitimate claims," said Allen. "This area is the jurisdiction of the Cherokee Nation and no other sovereign tribal entity. We see these get rich quick schemes all the time. The problem is that these people may be taking the goodwill and reputation that Cherokees have established over centuries and using it to mislead governments and individual citizens," said Allen.

When seeking authentic information about tribal culture, history, traditions, genealogy and government, the public should carefully look into claims made by groups that are not recognized by the federal government, especially those that claim to represent a tribe or the Cherokee Nation. For further information with regard to dispelling myths and exposing frauds, call the Cherokee Nation or the Bureau of Indian Affairs for a list of legitimate nations, tribes and bands.