NIR Group

[livemint]

M.Q. Services Hamilton Bermuda. Noveshen did a lot of NIR business with them that needed smoke to hide.

[pdgood]

Facts dispute the smoke & mirrors.

Dude yapped a bit then bolted when the facts started getting dealt out a little at a time. Safer for em ta just go MIA

[livemint]

Facts would burn his whole kitchen down he doesn't want to stir the pots

[ok husband]

what date was it revoked? i need to write this off insq/insn

[pdgood]

He livemint?

Looks like our buddy, the big league player, has packed it in. When the kitchen gets hot the cooks run bro.

[livemint]

Noveshen v. Bridgewater Associates, LP et al, No. 0:2013cv61535 - Document 19 (S.D. Fla. 2014)
Court Description: OPINION AND ORDER granting in part and denying in part 13 Motion to Dismiss; denying as moot 14 Motion to Strike. Signed by Judge Kenneth A. Marra on 9/19/2014. (ir)

http://law.justia.com/cases/federal/district-courts/florida/flsdce/0:2013cv61535/424589/19/

They threw Novashen a bone to amend in Sept. Is there anything new yet?

[QaB2i]

very sad

[QaB2i]

mAjOr daAmAgE

??????

DEFINITION OF 'CREDIT DEFAULT SWAP - CDS'
A swap designed to transfer the credit exposure of fixed income products between parties. A credit default swap is also referred to as a credit derivative contract, where the purchaser of the swap makes payments up until the maturity date of a contract. Payments are made to the seller of the swap. In return, the seller agrees to pay off a third party debt if this party defaults on the loan. A CDS is considered insurance against non-payment. A buyer of a CDS might be speculating on the possibility that the third party will indeed default.

[APennyPrincess]

NIR slammed the door. DD was MIA, nerves were rattled. No,one from my crew dared rock the boat by bringing NIR another deal. Within months we went from having $800 dinners, hosting clients at cigar bars for $500 a piece to not being able to fedex contracts. Not that we had any contracts. The phones got shut off first, then the power. Trying to stay afloat we approached business that didn't need much funding up front.

Approach backfired: these companies were riskier, ah, shadier than the likes of medgen.

Problem: without NIR there was no source of $$$$ to fund a company. I started to think we were phonies. Certainly our only source of funding wasn't NIR??

Stupidity: I asked that question and got pressured into handing over $12k from my personal money to one of the first post NIR funded deals. Company was called Solargy (SLGS) - since delisted but then it was sold as the key to reopen the door to NIR.

Logic: get few rounds of PR going then NIR would take notice and pony up the big $$

Reality: $12,000 only bought 1 round of promo from Paul Allen & Associates. Not nearly enough to generate buzz NIR gave a crap about. The DOOR To NIR remained closed until the next chapter.....

Ended up with deeply discounted stock from SLGS - worthless! & this stupid press release..
(First couple graphs)
Solargy Systems Inc. Begins $120 Million West African Energy Project
Monday November 24, 8:00 am ET

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Solargy Systems Inc. (Pink Sheets:SLGS - News) today announced it has hired Cinergex Solutions Ltd, a Canadian provider of Waste to Energy (WTE) technology and equipment, to begin work on a $120 million energy facility that will be operated by Solargy Systems. The facility will generate over $100 million in revenue and open the door for additional facilities, using the Solargy model of combining solar and waste to create efficient power.

"Selecting Cinergex as a partner was no accident,” said Carl M. Nurse, Solargy CEO. "Cinergex has extensive experience developing modular WTE systems in Africa and throughout the developing world, and with their expertise we will be able to deliver these systems in a timely and affordable manner." The 1,000 ton per day facility will be completed in 2010.

[pdgood]

Here's what went down then Princess

Ribotsky caught Dworkin and Noveshen with their hands in the cookie jar via Medgen. Bye bye Daryl until it came time to save his own ass and testify.

[APennyPrincess]

I will never forget the day Daryl called in December 2007. iPhones were still fairly new I saw the double D's name come up on the screen when I was in the car with my partner. DD was curt and to the point. The way he talked I thought the mob was gonna get him. He said "Its over, lose my number" Don't call him for any more deals. He was going away but didn't say where and whatever money was owed to him was forgiven. My partner look like he saw a ghost and was silent a long time until I asked what that was about. He said his biggest source of deal money just got cut off. The money tree didn't just dry up it was killed at the roots with no chance of growing again. Business that I knew of with NIR stopped for maybe 8-10 months. When it fully resumed in 2009 the money was good but nothing like it had been in the Dworkin era. I didn't hear the name Daryl Dworkin again until the Feds came knocking in 2010....

[pdgood]

Let me enlighten ya bro.

at this point I don't give a rat's ass about ecmh or edoorways. My focus has been on NIR, Envision and Medgen for a friggin long time. While on that mission I've gathered an ass load of info.

ECMH was also after NIR and Envision and did a nice job a meetin goals. NIR went down and Envision got fked. That's what bothers you bro.

If ya got a beef with ECMH file a friggin suit. It's your "tough talk" and total lack of knowledge that amuses me. You're makin claims of CEO's walkin off with millions in coin, yet ya got nothing but talk ta back it up. What we got here is your attempts ta divert attention from Envision and their accomplices. It aint workin dude.

So do ya wanna dance or talk? Your talk aint holdin water. Might wanna look at the EMCH filins. Pay close attention to the one where the ECMH execs converted all of their shares to VOTING ONLY. Once those dudes figured out what NIR, Envision and Medgen was doing they acted. Not by convertin shares to coin but instead in ways that count regardin the perps they were fightin.

Last post I asked ya ta step up if ya can and look what I got back from ya. Diversion, smoke & mirrors and false claims. Kinda says it all. My guess is that the actual facts are not what ya want posted and will attempt ta have them removed. Business as usual right bro?

[pdgood]

Getting all wound up there bro.

Tellin the dude whaz league he upta? So show em what's up. Gonna be fun ta rate the fantasy / fact ratio.

Carry on, we're all ears.

[livemint]

I agree, all the CEOs that come to mind when Thinkin' NIR were either Ignorant, desperate or Complicit or a mix of the three. that don't mean the "consulting" individuals/teams that latched on to toxic deals offering to bring in funding if consulting and pr fees were paid to them, doesn't mean those guys walk with no blame. They were just as greedy.

You're right Eric Noveshen doesn't show the stack of issues going on in Broward County FL that he used too, other than adding a third divorce. but he's taken his court business elsewhere. There's a case in Nevada still shows open or transferred against Ecmh, one in Southern District New York and one in US District Court Southern District FL where he's going at Connecticut's Bridgewater Associates.. Envision playin' with the Big Boys now and a counter suit against Smev's Licht. Novashen might of dropped suit but he was going at it hard w him for a while.

https://www.docketalarm.com/cases/Florida_Southern_District_Court/0--13-cv-61535/Noveshen_v._Bridgewater_Associates_LP_et_al/

[suninthefun]

there are more dots dude if ya wanna go there dude

ya postin has nuttin ta do with nir and the toxic crap they fed ta those complicit ceos. this dude has don real dd. been following ecmh and medgen for years. ecmh and medgen were funded and everyone involved lost money cause of nir. except for those complicit ceos. some dudes don't like that.

this dude is not rehashin what ya read from otha postins or google. some dudes are set up ta targ certain dudes. clear as day. this dude found out some interestin infa pointin ta ya bros and why ya here on this rag. ya wanna dance cause this dude got some real dirty laundry infa that tha feds wud love. they try ta wash it but those wires ta medgen are real dirty. comeon clueless dude ya outta your league on this rag.

what a hoot

[suninthefun]

ya right JJ complicit ceos kept nir goin

ya were right on ecmh long before callin question inta their BS and promotin promises

[stockmasterflash]

Exactly

All these scams. They technically have a real product. Hey it's a cannula. It's real. But there's no real demand and no real effort to sell them.

the real product is the stock. The CEO's know it. The lenders know it. The promoters know it. As long as there is liquidity in the stock--the "business" thrives. When liquidity dries up...you find out there is no real business.

Yeah, Sand going to prison and getting a pennystock bar yet is ballsy enoug to put on his linkedin that he's an OTC small business financing expert. I guess bribing an FBI agent makes a person kind of an expert.

You would think there would be an expiration date on those cannulas--they were manufactured over 5 years ago. "steal" springs corrode

[jjj373]

SMF - IGNT comes to mind. Crocodile tears because there is no longer liquidity in the stock and hence no profit to be made imo. What else does he have - boxes of canoodles in a garage somewhere?

[jjj373]

Ignorant - Desparate - COMPLICIT are reasons to fund with NIR and other similar hedge funds. When all that there really is is stock, there has to be LIQUIDITY for anyone to profit.

As for Eric Noveshen, looking at court records and other documents in Broward County Florida I don't find what I did a few years ago.
Appears he has cleared up a lot of his snit. Not defending him but just sayin'.

My 2 cents FWIW.

[stockmasterflash]

dirty CEO's taking dirty money

the whole point of being on the OTC. Converting shareholder dollars into dollars in the CEO's pocket. lowlife financeers taking their cut. It's a shadow economy.

CEO's come up with a pretend story. Financeers pretend the financing doesn't cost anything. Shareholders are the gullible marks.

When you sit down at the poker table and you can't figure out who the mark is....

[suninthefun]

So clueless it's a hoot

Ya obvious never bought a stock an know nuttin how these companies do these toxic loans and its tha CEOs that take tha fundin dude. Clueless ta think otherwise. Dollars went from NIR ta tha CEOs bank accounts screwin shareholders. CEOs are responsible for tha companies

[livemint]

Wrong dude clueless people point fingers at the ceos. Everybody else is pointing at the consulting teams that led the CEOs to dirty funds to begin with. That's where envision came inta play.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81343897

[suninthefun]

yeah ya been shiftin and squirmin bout ecmh for years.

promotin tha stock while scotty webber makes off with the nir dough leavin tha shareholders wit nuttin.

where are those millions of dollars of technology. aint worth squat. ya motives clear as day dude. all yapp an tough talk while the ceo splits tha stock to be getting more nir dough. nirs time wuz up dude not ya tough talk tha did em in. if nir made it longer nir woulda sued ecmh too and we know how dat would turn out. lots of talk from ecmh but nir woulda turned ecmh inta another medgen. share spittin machine with snotty scotty webber runnin tha printin press

where are those millions of dollars? maybe the trustees should be lookin closer inta ecmh and the fraud they put on

[suninthefun]

clueless dude don't get it. ceos signed tha nir loan docs. tha ceos were in bed with nir. whats ya beef. everythin ya post is bout envision. couldn't give a rats ass bout that dude. done plenty of dd on tha dude. have plenty on tha dude. wanna dance. this dude has real dd. clueless dude thinkin a finder signed tha nir loan docs. finders don't convert tha stock dude. there are hundreds like that dude. hes small potatoes. tha ceo signs tha loans dude. tha ceo pocketed tha money and screwed tha shareholders. what stocks did ya own tha nir funded. clueless
what a hoot

[suninthefun]

ya J Scott Webber left with millions of NIR money dude

those millions are worthless dude. all a big scam that ya helped along. agree with ya lots of dummys in ecmh. couldn't care less bout those dudes or your beef with them.

ya been deflectin tha blame to everyone but the complicit ceo that drove ecmh in tha gutter. webber split tha stock ta get more money from NIR. webber was in bed with NIR while ya cheerin ta buy tha stock.

nir couldn't pull it off without the complicit ceo scott webber

what a hoot

[livemint]

This is an interesting post about the questionable team... Connecting the dots oh so fun

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81702220

[livemint]

Noveshen worked with Duchess too? It's in Delaware right? What case is exhibit from? Doubt the $2 mill was ever raised but 06 was a year of PIPE dreams so who knows

[pdgood]

The Team expanded.

http://www.law360.com/cases/509ac510e9be1a41e10042e9

[pdgood]

The TEAM.

"Ajene Watson, whose company AJENE WATSON, LLC is a primary consultant to eDOORWAYS, recruited Envision to assist in the success of these types of negotiations. “I’m very pleased with our choice of Envision and am sure both eDOORWAYS and N.I.R. wouldn’t have preferred any other liaison between them,” said Watson. Envision Capital LLC is a boutique venture and advisory firm providing advice on mergers and acquisitions, restructurings, strategic alliances, reverse mergers and structured financings to public and private companies."

http://www.businesswire.com/news/home/20080903006416/en/eDOORWAYS-Explores-Financial-Restructuring#.VG92yq-IZ9A

[pdgood]

Not just NIR for Noveshen.

http://www.sec.gov/Archives/edgar/data/1100674/000116552706000134/ex10-21.txt

[pdgood]

A little Noveshen info from the past.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81487405

[pdgood]

Been shiftin blame for years now.

Two parts a that make me laugh. 1. Just how transparent the attempts are 2. The just plain stupidity of those who buy inta the smoke & mirrors.

Take the case of ECMH that he likes ta rap on about. That was a case of a CEO who told both Noveshen and NIR ta fk off and made it stick. So what would motivate some dude to print lies concernin that action? PERP

[livemint]

Are you placing the blame on complicit CEOs for the NIR funded companies that tanked or are you just shifting blame away from NIR and from deal finder Envision Novehsen

[pdgood]

Let me educate ya bro.

Ya gotta listen though cause I told ya this many times.

Webber came to ECMH with millions of dollars worth of rotary engine technology. ECMH CEO Robins was tryin ta sell that technology to China prior ta payin the note for the technology. I friggin talked to Robins about it many times. Even told him that Webber was gonna act and act hard. Robins was friggin clueless. As in DUMB. He was doin deals with Noveshen, Medgen etc.

Webber never told me what he was gonna do. Only that those tryin ta fk with em were goin down. I asked how and he said "watch". I did and they all went down including NIR. So was it luck as you claim or out of the box planning as I say? Well I talked with em on technology many times. Dude is for real. In fact I even know more but aint at liberty ta say more.

So Webber took down these friggin crooks. Now what exactly is your friggin beef bro? Ya havin trouble figurin out how things work at the top? Or ya just pissed cause Envision took the hit too?

[suninthefun]

complicit is ecmh split tha stock ta get more money
agree with ya bout tha daly and lanham clowns. looked inta tha nor cal case. never seen nir lose a case but in the end webbers handlin of nir worked. ecmh got some money outta nir but thinkin webber got more lucky than skill. don't think doin nothin is a strategy. havent followed what webber is up ta lately. could care less about what webber is doin. was more interested in what webber is doin with ecmh and havent seen anything there.

[pdgood]

Complicit?

No he actually took out the perps via the ECMH v Daly, Lanham case and removed Robins and Goldenberg. Then lbaited Noveshen inta filin a lawsuit which he simply ignored. Then told NIR ta take a friggin hik. So what did NIR do about it? Nothin cause they knew he'd bury their ass in court. For all I know that's just what he did usin other authorities that were after NIR.

I'm not sure if some of the other CEO's thought outta the box far enough ta take down NIR but I know one who did and it really seems ta bother ya.

I posted what was comin down back in 2008. Webber was ahead a me in that game. Where are those tough guys ya say he fked with now bro? Might wanna Google Ribotsky, Dworkin, Waters and the rest ta find out. Then look what Webber is up to. This might help. Know anything about heat and burnin alternative fuels? How about electric car range extenders? You aint even in the same league with these dudes when it comes ta smarts. Got history that shows that.

The real funny thing about my emails with Webber is just how little he cared about NIR, Envision and the rest. Dude hardly even answered my questions about the NIR SHAM. Dude just acted and here we are taday.

[suninthefun]

ya know nothin other than chasin this dude around on this rag. ya have trouble understandin what nir bout. dudes here have actuall been effected by nir. ya haven't. ya clueless as ta what thos itro promoters were claimin. They were promotin the lame talk that itro had no obligation to nir. the itro dudes were clueless thinkin tha stock wouldn't be hurt by nir. This dude did lots of dd on tha itro outcome. It was important ta all nir funded companies and complicit ceos. ya need to do real dd other than hashin others like it ya own. What a hoot

[suninthefun]

can tell ya that scotty webber was complicit with nir. dude got lots of tha nir dough. scott webber even reversed tha ecmh stock so nir would give him more money. webber did his convertin to get more dough. complicit ceos did their part in tha game. tha only thang true is webber had control and sent all packin. webber got in tha spats but he defended em off. nothing has been done with tha company since

[livemint]

Envision Capital never operated kosher everyone here probably agree dat! Are ya trying to defend? Saw ya going at it for a time with dude who lost a few bucks in Itronics. Rightfully pissed he was bout to march to sec bout John Whiney n Corey and ya sat there bitching bout how he knows nothin that you did your DD he was just blabbing. Ya think nobody can know facts or find data but YOU. Ah hell Corey ain't even a clue what Itronics did, said they made fertilizer or sometin. Ya put up a good fight for Corey said it all legit, ya saw Corey driving his Ferrari round, ain't nothin gonna touch the gods of NIR ya said. Ya right bout that, thanks Mimi Rogers & Gelmons. Envision ain't no NIR though dude. Corey's puppet tried ta play with the big boys. How'd he make out? What's envision up to now? What saved mr puppet? Auditor buddy o mine said da big boys never cut him a big o nuff slice o pie for sec or Finra to waste their time.

[pdgood]

I followed the Encompass v Envision game.

Interestin stuff there.

ECMH was run by Arthur Robins who you ,I believe posted about. I emailed back and forth with Robins many times. I also talked to Scott Webber. Webber owned the technology they had. Robins was sending drawings and making underhanded deals with the Chinese. This was going down while ECMH owed Webber and his partner Cooper a lot of coin for that technology. Webber got pissed as ya can imagine and friggin ousted Robins after receiving shares for debt owed. Plenty more went down leadin up to that event but that's the gist of it.

From this point on I talked to Webber. He was a straight shooter but ultra pissed at the events. Dude was/ is smart. Told me about Medgen. I confirmed by drillin inta Medgen filins like the 2008 Q I mentioned here concernin CONSULTING FEES. Webber never mentioned any strategic ideas to me but it was clear he was gonna do something. Seems Robins had signed an agreement to pay Noveshen / Envision the coin and warrants you listed. Webber never mentioned that to me. I learned about it when Envision filed the Motion in NY. I asked Webber about it and he didn't even answer, just told me to watch. Webber and Cooper now controlled ECMH and just ignored the court case brought by Envision. No way they'd pay Envision a friggin dime. I don't blame em.

Meanwhile Cooper and Webber were still dealing with this Murray Goldenberg dude who formed ECMH. Goldenberg goes way back with the NY boiler room stock scams of the 90's. I've posted articles on him. Webber told me that Goldenberg also wanted Robins gone but Webber knew the Goldenberg game well and had no intention of usin that clowns ideas. Seems Goldenbergs interest was the data center they owned, Nacio Systems. Goldenberg had brought in the two dudes Randall Lanham and Carey Daly. I've posted a lot on these two morons. Lanham is an attorney that specializes in this Goldenberg type nonsense. So Webber went in and ousted all three of these guys from Nacio. They refused ta leave and that led to the Ap 2011 lawsuit in which ECMH came out on top.

Meantime NIR was fallin apart and many had a hard time seein it. I also posted on that comin fate. NIR's collapse.

So that's it in a nut shell. Webber and Cooper gained control, ousted Robins, Goldenberg, Lanham and Daly. Webber never told me about or gave me any indication of what they were gonna do next. He just acted and acted fast. I believe he could see the future very clear like I could. It all fell as envisioned.

Last time I emailed Webber he told me what he was up to. That was well over a year ago. He's a technology dude. Divested himself from ECMH and is developin a ceramic rotary engine that is very interestin. Watch this video and read the website. He's associated with the smartest dudes (worldwide) in this venture. I'm watchin it real close. These are serious product development dudes.

http://www.creinc.us/

[suninthefun]

Clueless dudes rehashin lots that knows nothing bout. this dude knows a little bout ya questionin. pd an this dude disagree on some of tha facts of what ya askin. we have done lots of dd on nir an tha funded companies. ecmh beat thos carey and lanham dudes in court. nir was there cause they fundin ecmh. thats it. nri had nothing ta do with that spat. ya askin tho has only a focus on tha dude at envision. lookin at ya posts. ya quackin lots bout envisson all over. seems fishy and not kosher

[jjj373]

Yep - time capsule - Murray Goldenberg. Ken Owen and Walt Tatum are missing however.

[livemint]

Post is like a time capsule. Jury was still out on NIR. Wonder how many lawsuit spawned from NIR wasteland. Keeping eyes on Envision Capital ain't easy to do. Runs circles with all the different names used Envision did go after encompass

Case No. 3:09-cv-01816-BZ. (N.D. Cal. Apr 28, 2011)
Decided April 28, 2011
ENCOMPASS HOLDINGS, INC., a Nevada corporation, Plaintiff, v. CAREY F. DALY II, an individual, and RANDALL J. LANHAM, an individual, Defendants. CAREY F. DAILY II, an individual, and RANDALL J. LANHAM, an individual, Counter-Claimants, v. ENCOMPASS HOLDINGS, INC., a Nevada Corporation; J. SCOTT WEBBER, and individual and in his representative capacity; LARRY J. COOPER, an individual; KIRK HURFORD, an individual and his representative capacity; SHIRLEY HARMON, an individual; DAREN BRINKMAN, an individual; JOSEPH BERARDI; an individual and ROBERT LASKOWSKI, an individual, MURRAY GOLDENBERG, an individual, NIR GROUP, LLC, a New York Limited Liability, COREY S. RIBOTSKY, an individual, and DOES 3-50, Cross-Defendants.

Why did Envision have a bone ta pick w Scott Webber? What came of this?
Case # LS020627
Envision Capital LLC vs. Encompass Holdings INC.
Plaintiff Eric Noveshen
Nacio Kurt Hurford, Joseph Berardi
Attorneys for Plaintiff: Brian Boydston, Phillip Landsman

Encompass holdings
On June 16, 2006, we issued Envision Capital a one-year $110,000 promissory note. The note bears interest at 8% per annum. In connection with the loan, the Company issued Envision 400,000 five year warrants to purchase common stock at $.25 per share.

On July 1, 2006, we issued Envision Capital a one-year $30,000 promissory note. The note bears interest at 8% per annum. In connection with the loan, we issued Envision 175,000 five year warrants to purchase common stock at $.25 per share.

[pdgood]

Interestin path to travel.

Senate member Mimi Walters. NIR investor. Husband David Walters CEO of SSEV. SSEV now HLNT. Study NIR v SSEV. In this pink world lawsuits are many times friendly, slight of hand ways to transfer funds / shares. Mimi is a democrate from Cal.

Also study NIR and NORMA. The buck had ta stop on Ribotsky.

[Firsk]

On the contrary, it shows that they aren't going touch Ribotsky. The guy lived high on the hog for years on his investors' money, all the while telling them that their accounts were growing in value. Technically, it wasn't the same as Madoff because Ribotsky did make some investments. But, the investments didn't make money-not for anybody, including him. What enabled his lifestyle was the pyramiding- new money coming in. For all practical purposes, it was just a pyramid scheme, and making some investments was his cover. That's the only reason Madoff is in prison and Ribotsky is not. It was his Get Out Of Jail Free card.

Still, it is amazing that they haven't charged him with a crime because there was fraud involved and massive financial loss to people who were, in every sense of the word, his victims.

So, why haven't they charged Ribotsky and why won't they? I don't know, but if they were going to, it would have happened by now.

[Quesera]

Dworkin got 3 Years of Probation.
With such a light sentence, I would worry if I was CR.

[jurisper]

Dworkin was supposed to be sentenced on Nov 5. Dunno whether this happened - nothing about it on the court docket.

However, there is a letter from Holder-heir-apparent Loretta Lynch detailing progress in collecting on Ribotsky's $14.5M. Summary version: Zilch.

Detailed version:

Dear Judge Dearie:
The government respectfully submits this letter in connection with sentencing in
the above-captioned case, which is currently scheduled for Wednesday, November 5, 2014 at
10:30 a.m. During the last court appearance in this case, the Court adjourned sentencing and
requested that the government obtain additional information regarding efforts undertaken by
third parties to recover funds for investors of the NIR Group (“NIR”).
Recovery efforts are proceeding along two separate, parallel tracks. First, as the
Court is aware, on September 28, 2011, the Securities and Exchange Commission filed a civil
lawsuit against NIR and the NIR fund manager, Corey Ribotsky, alleging securities fraud.1 See
SEC v. NIR, 11-CV-4723 (JFB). On November 13, 2013, as part of a settlement with the SEC,
Ribotsky agreed to pay disgorgement, prejudgment interest and a civil penalty in the amount of
$14.5 million, and the Court entered judgment against Ribotsky in that amount. However, to
date, Ribotsky has failed to pay any funds to satisfy this judgment, and, as a result, the SEC has
undertaken action to enforce the judgment and recover assets from Ribotsky. Discovery
concerning Ribotsky’s income, assets, and ability to satisfy the judgment is ongoing, and the
SEC has informed the undersigned that Dworkin has provided substantial assistance to the SEC
in its collection efforts against Ribotsky.
Second, on July 21, 2014, PricewaterhouseCoopers, acting as liquidators for NIR
and on behalf of NIR investors (“the Liquidators”), filed a civil action in New York County
Supreme Court against Marcum & Kliegman LLP. A copy of this complaint is attached hereto
as Exhibit 1. In this action, the Liquidators seek $25 million in damages for failure to protect
NIR investors by properly conducting an audit. See Complaint, Exhibit 1, ¶ 1. As set forth in
the PSR, Marcum failed to produce an audit report for the year 2008, a time that the fraud to
which Dworkin pled guilty was ongoing. Attorneys for the Liquidators have informed the
undersigned that the parties are currently litigating pretrial motions. Attorneys for the
Liquidators have further informed the undersigned that Dworkin, acting at the direction of the
government, met with them and provided information useful to them. A letter from the
Liquidators to the Court is attached hereto as Exhibit 2.

Respectfully submitted,
LORETTA E. LYNCH
United States Attorney
Eastern District of New York

[livemint]

Next time ya tellin stories, got any good ones on the medgen offshore boiler rooms? How it was set up. Who walked away w money?

[pdgood]

Say what bro?

NIR offered coin for shares. Who wouldn't take that deal? It's the pinks dude. NIR converted shares daily through Shefts (Domestic Securities) Then NIR closed the withdrawal gate on it's investors as the heat turned up.

Go after whomever ya want bro. Ya like ta go after CEO's? Have at it. Always fun ta watch ya swim upstream while ya scream.

[suninthefun]

ya don't jig for minnows dude
plenta of puppets in tha masters game and ya left out many. tha biggest puppets were tha ceo dudes actuall doin these death spiral fundins. got hurt by a few of em. that's what got this dude here. ya been here cause of some ceo dude too. both got our stories but ya always leave out tha complicit ceos who killed tha stockholders. without tha corrupt ceos nir wouldn't existed or now existin in othe r forms. other dudes commin here now ta now complain bout a fundin from 2006 is more than fishy. its a hoot