Laidlaw Energy Group, Inc.(fka LLEG)

[sunspotter]

I miss LLEG. It was one of the better scams.

[mikeo56]

Okay Mr. Leroy goodbye.

[TenKay]

MIKE HAS MY TRUST, BECAUSE HE HAS EARNED IT ! ! !

I WILL CONTINUE TO HOLD STRONG. NOT LETTING GO OF MY SHARES IN A PANIC ! ! ! !

PATIENCE IS STILL KEY WHILE WE AWAIT MORE INFORMATION FROM MIKE / LLEG ! ! !

PANIC IS THE ENEMY ! ! ! !


EVER FORWARD, EVER UPWARD ! ! ! !

LOOKING FORWARD TO ANOTHER GREAT DAY, WEEK, MONTH AND YEAR WITH LLEG !!!

AS ALWAYS,

GO LONG ! ! ! ! ! ! ! ! !

KEEP THE FAITH ! ! ! ! ! ! ! ! ! ! !

ENHANCE YOUR CALM ! ! ! ! ! ! ! ! ! ! !

STAY THE COURSE ! ! ! ! ! ! ! ! ! ! ! !

GO LLEG ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !


.....*sorry just had to relive the nonsense. Was thinking about the ticker that brought me to IHub.

[Tesla_se]

where do grey sheets trade?

[king oil]

Huh?

[Tesla_se]

LLEG re-instated $10/shr

[Tesla_se]

LLEG re-instated $10/shr

[look1]

just wondering are you on the right board? I do not thing you can???

[Tesla_se]

Entry of the order will constitute a disqualifying event for Kramer and the Mazuma firms under the recently enacted bad actor disqualification provisions of Rule 506

Kramer has destroyed so many companies

[Tesla_se]

I wonder if they opened the new plant

[Tesla_se]

Where do I sell my stock?

[FRED8]

Indeed. :-/

[Tesla_se]

The government gets all my money OMFG

[FRED8]

Too bad the shareholders don't get any of it (as well they should).

[Grozny]

U.S. energy company, founder must pay $3.1 million in SEC fraud suit: court

http://www.reuters.com/article/us-sec-insidertrading-microcap-idUSKCN0WX2A1

[sunspotter]

"Charged with Selling Billions of Shares of Unregistered Stock, Penny Stock Financier to Pay $1.4 Million

A New York-based penny stock financier and his firms have settled charges that they violated the federal securities laws when they purchased billions of shares in a pair of microcap companies and failed to register them before they were re-sold to investors for sizeable profits.
Curt Kramer and his firms Mazuma Corporation, Mazuma Funding Corporation, and Mazuma Holding Corporation agreed to pay $1.4 million to settle the Securities and Exchange Commission’s charges.
The SEC said that its investigation found that Kramer and his firms obtained unregistered shares in penny stock issuers Laidlaw Energy Group and Bederra Corporation. For the Laidlaw transactions, they claimed to rely on an exemption in Rule 504 of Regulation D that permits certain companies to offer and sell up to $1 million in unregistered shares. However, the Mazuma firms’ purchases of Laidlaw shares exceeded Rule 504’s $1 million limit, so the shares were restricted and not exempt from the registration requirements of the securities laws when they were re-sold, according to the SEC. Mazuma Holding Corporation’s acquisition and sale of more than one billion unregistered shares of Bederra that had been misappropriated from the issuer by its transfer agent also were not exempt from registration, the SEC alleged.
“Unless there is a valid exemption, shares can’t be sold publicly without a registration statement that provides investors with the level of detail they deserve about the investment opportunity being offered,” said Michael Paley, co-chair of the SEC Enforcement Division’s Microcap Fraud Task Force that was created earlier this year to target abusive trading and fraudulent conduct in securities issued by microcap companies that often don’t regularly report their financial results publicly.
“Billions of shares were not vetted through the registration process yet became publicly traded as a result of the violations by Kramer and his Mazuma firms, and the SEC will continue to punish non-compliance with the registration provisions of the securities laws to ensure the investing public is protected in these types of transactions,” Paley added.
According to the SEC’s order instituting settled administrative proceedings:
Kramer and his firms purchased two billion Laidlaw shares, which amounted to 80 percent of Laidlaw’s outstanding shares at the time. They purchased these shares at a significant discount from prevailing market prices, making it highly likely they could immediately re-sell them publicly for a short-term profit. Kramer and his firms purchased the shares in 35 tranches with no six-month gaps, thus quantifying the transactions as a single, integrated offering through which Laidlaw exceeded the $1 million limit under Rule 504 by raising a total of $1,259,550. No registration statement was filed for any shares that Laidlaw offered and sold to Kramer and his firms, nor was any registration statement filed for any shares that Kramer and his firms subsequently re-sold into the public market. Despite exceeding the $1 million limit, Kramer and his firms continued to acquire and sell additional Laidlaw shares and profited by $126,963 from these transactions.
Kramer and Mazuma Holding Corporation acquired more than one billion shares of Bederra in 2009 and 2010 through 21 separate transactions from the principal of Bederra’s transfer agent, who had misappropriated the Bederra share certificates. Again they purchased the shares at a significant discount from prevailing market prices. Kramer and Mazuma Holding Corporation re-sold the misappropriated Bederra shares to the public without any registration statement for a profit of $934,404.
In the settlement, Kramer and his Great Neck, N.Y.-based Mazuma firms agreed to pay disgorgement totaling $1,061,367 plus prejudgment interest of $128,611 and penalties totaling $273,000. Without admitting or denying the SEC’s findings, Kramer and Mazuma consented to the entry of an order finding that they violated Sections 5(a) and 5(c) of the Securities Act of 1933. The order requires them to cease and desist from committing violations of Sections 5(a) and 5(c) and not participate in any Rule 504 offerings. Entry of the order will constitute a disqualifying event for Kramer and the Mazuma firms under the recently enacted bad actor disqualification provisions of Rule 506."


- See more at: http://www.lexisnexis.com/legalnewsroom/financial-fraud-law/b/blog/archive/2013/11/26/charged-with-selling-billions-of-shares-of-unregistered-stock-penny-stock-financier-to-pay-1-4-million.aspx#sthash.XWNB9SQN.dpuf

[Sam Dan]

That worked for me last week

[TenKay]

See if your broker will buy out your entire position for $1.00. Then you can claim the loss.

[VDC]

Can this stock now, legally, be written off as worthless on our tax return?

[TenKay]

Remember.....



MIKE HAS MY TRUST, BECAUSE HE HAS EARNED IT ! ! !

I WILL CONTINUE TO HOLD STRONG. NOT LETTING GO OF MY SHARES IN A PANIC ! ! ! !

PATIENCE IS STILL KEY WHILE WE AWAIT MORE INFORMATION FROM MIKE / LLEG ! ! !

PANIC IS THE ENEMY ! ! ! !


EVER FORWARD, EVER UPWARD ! ! ! !

LOOKING FORWARD TO ANOTHER GREAT DAY, WEEK, MONTH AND YEAR WITH LLEG !!!

AS ALWAYS,

GO LONG ! ! ! ! ! ! ! ! !

KEEP THE FAITH ! ! ! ! ! ! ! ! ! ! !

ENHANCE YOUR CALM ! ! ! ! ! ! ! ! ! ! !

STAY THE COURSE ! ! ! ! ! ! ! ! ! ! ! !

GO LLEG ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

[TenKay]

I guys "big bucks" were never made in Florida

[sunspotter]

I loved LLEG. More fun than almost any other MB I've posted on. I especially loved the forensic CPA who told me that my Benford's Law test on the accounts was bogus.

Two weeks later the stock was suspended, and now we all know the books were cooked.

I knew it was a scam from the moment I saw who its most vehement (and vicious) supporter was.

[lucky, mydog]

most of us have had similar stories with similar stocks.

[TenKay]

This stock was my first dip into the penny world and to iHub...way back when. Got caught by the suspension...managed to "sell into stupid" in the days following its return on the greys because of advise from one of those evil b****rs... (was almost, but not quite, even when I did) and never touched another penny stock again...but got addicted to ihub in the process and fascinated by penny stock mentality and securities laws...

...which of course made me become one of those evil b***ers. LOL...

14,000 posts later...

[lucky, mydog]

sure is.

[TenKay]

Long time coming.

[TenKay]

Here is the entire docket for interest

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118036677

[lucky, mydog]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118036814

[TenKay]

Not sure what you mean by "valid". The ticker is gone. The stock is no longer valid or represented as a publicly traded security in any form.

If you are referring to its claim to assets of the company through its common stock...well I think it is a pretty safe bet there is nothing at all. At least in bankruptcy there are usually some assets against the debt.

I don't think there is even a business registration anymore.

The company and its "stock" are gone.

[Recovering Stock Junkie]

I believe the stock is still valid until they file Chapter 11. You just can't trade it. Don't throw your paper away yet. Of course the dump won't even take it now. I hope some were not so truthful when they bragged about having 20 to 50 million shares. I only have 4 million but that was a big investment for me. All gone...

[TenKay]

This is the stock that brought me to iHub...taught me a valuable lesson and it is now officially gone.

About time.

I hope the SEC tears Bartoszek a new one. I wonder where his litigation is at??

[Renee]

Gawd, I remember the 'Michael has earned my trust' posts by the thousands, all capitalized and accentuated with color.....even after the SEC Suspension.

Fraud is such an unconscionable business, where initial victims of the fraud become predators on others just to get a few more pesos for their brown chip shares.

[sunspotter]

Well, that took long enough.

I wonder why arch crook Michael "he earned my trust" (or was it "truss"?) Bartoszek is up to nowadays?

[Renee]

LLEG revoked:

http://www.sec.gov/litigation/admin/2015/34-75091.pdf

[king oil]

What is there to bash? This thing has been dead for years.

[wEaReLeGiOn]

Nope.



wEaReLeGiOn is a board basher!! look at his profile...

We will prevail here...

[sunspotter]

Have you talked to your broker about crystallizing your loss by them buying them at a nominal price?

[VDC]

Yes, but I want to write it off.

[sunspotter]

I'm not sure what you mean. To all intents and purposes, it is over.

[VDC]

WHEN is this thing going to be over?

[Sam Dan]

Perhaps establishes a valuation to write down a capital tax loss????

[sunspotter]

Maybe a kind broker to crystallize one of Barty's victims tax losses.

[trade up]

Who in there right mind bought 39600 shares of lleg and why???

[TheFinalCD]

Looks like the SEC Laid the Law down this time

LLEG

[sunspotter]

Indeed. Where is the ever-trustworthy Bartoszek nowadays, anyway?

[lucky, mydog]

we had so much fun with this one.

[Renee]

LLEG SEC Admin Proceeding for delinquent Financials / filings:

http://www.sec.gov/litigation/admin/2015/34-74458.pdf

[king oil]

too funny, that money is probably long gone.

[TenKay]

A few months old.

http://www.berlindailysun.com/index.php?option=com_content&view=article&id=51852:court-issues-default-judgment-against-laidlaw&catid=103:local-news&Itemid=442

[powerofthepenny]

here's the infamous conman:

https://www.facebook.com/michael.bartoszek.58

and check this link:

http://www.bloomberg.com/news/2013-06-05/laidlaw-energy-sued-over-alleged-illegal-stock-offering.html <--- make it happen needs jail time for sure.