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WOW. They (crew) were on i=f==c-r just 3 days.
Too bad we can't say anything about pumperclowns.
But I can name a few stock tickers...i/f=c=r and n-x-o-i.lol
Oh, LOL thanks bro!
Ooops
I was giving you the real case #, that's all :)
Thx, but the one posted in that document is what im referring to.
UNITED STATES BANKRUPTCY COURT DISTRICT OF ARIZONA
In re: ) Chapter 11 ) GCAF., Inc )Case No. 07-34984-TMP-ADR Global Aircraft Solutions., Inc )Case No. 07-34984-TMP-ADR
GACFQ's bankruptcy case # is 0901655 fwiw
GACFQ document fake lmao? Here comes the drop imo
http://www.4shared.com/document/bz2aPnmo/Global_Aircraft_Solutions__GAC.html
Name: xxxxx
E-mail: xxxxxx@yahoo.com
Referring URL:
Date: 10/6/2011 3:41:13 AM
Time: 10:41:13 AM
Department: Customer Service
Web Site: Default Web Site
Message:
How would I go about getting information on a particular case? Case
07-34984-TMP-ADR....anywhere online I can see updates? Thank you very much.
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Visitor Message from AliveChat @ 10/6/2011 3:41:13 AM
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10/06/2011 08:41 AM
nice drop since then right :)
Whats up Tim?Just read your artical on it..some funny stuff
they'll run it as long as they can, shorts are golden later this week and next
Looks like Coastal Pacific Mining Corp (CPMCF) could be one to be alerted for. Although the source is not the best here, it is heavily pumped and promoted. Seems like a garbage stock to me.
http://www.timothysykes.com/2010/11/how-joe-bucci-of-ox-financial-turned-184413-into-30-million-in-4-months-working-from-this-shabby-house-cell-phone-amazing-story-picture/
THIS IS REALLY SAD!!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55957261
Cory Gelmon is lying to shareholders over the phone telling them the OS has been reduced close to 600M shares unless this poster is deliberately lying....
OS per Pink Sheets 700M..
This needs to be stopped!
EPCG is another Gelmon-NIR combination and they have just started the pump by saying they are looking to buy a certain percentage of a internet based live room.
Volume is starting to head in and I'm sure will garner interest soon.
Same thing as AVTI in that there is debt to convert...
This one is a wee bit bigger than AVTI's debt so look for massive volume soon.
This one is pink sheets limited information.
Only filing as of late was an 8-k stating Gelmon's entrance...
Another one that hasn't properly filed..I'm sure the SEC complaints will start racking up.
Look for this to be halted if enough attention is brought to NIR and it's henchmen
It's a new administration now. Lots of regulations that worked since the beginning of the market were changed over the past decade. Apparently, going back to what worked now. Gotta clean up first.
I do hope so and it seems as though the SEC is truly cracking down on these scum scammers
Thanks. SEC probably all over that like a wet blanket considering the NIR connection.
AVTI is operating under Cory Gelmon who is connected to NIR.
Currently Gelmon is attempting to convert a debt from AVTI by saying they are doing a JV with a shoe manufacturer that had one type of shoe to sell and hasn't had any other shoes since 2007.
They filed the PR's in an 8-K(Astounding I know) and misspelled the company they are doing a JV with. Shoes were to be shipped at first to stores in August and now it's been delayed twice to November 15th.
Several shareholders have contacted all stores and none have heard of those shoes.
Gelmon is there to simply convert the debt and walk away leaving many people holding bags of useless shares.
Company is Pink Sheet Caveat Emptor(Go figure)
Gelmon has lied to shareholders over the phone but won't put it in writing.
One of Gelmon's other stocks..CYSG..has been suspended for lack of filing. I have no doubt this one will be halted soon as well.
Hope to see it happen to minimize damages to current shareholders.
Cheers
well over...got to give it to you...You dang sure nailed it..anytime I see you post on a board I will take heed...Nice job on spng...this is a good board with good folks
Just found this board due to EIGH postings, bought some and sold right away to break even, whew! so glad this board is here. I have an idea that is to list scams in categories like known scams, suspected scams, ect., so we can have a quick list to reference to before we buy an unknown stock.
Thanks again you saved me $
very interesting..will check it out..
some sick puppies over there imo lol
This is a good board to read thru some of the posters to see who will promote BS company's even after the CEO is charged with stock manipulation
http://investorshub.advfn.com/boards/board.aspx?board_id=9558
ya know greed bro greed!they will learn the hard way! down with all the scamming pieces of shit floating around these boards and the otcs in general!
agreed...and yet we still have promoters that will work for him here on I-hub...just as guilty imho
GM brooo!unbeal he should be banned from the markets forever!
Right on bud! About time the SEC starts to clean up these crooks, let's see if there are others to come, like one we are familar with in the recent past.
You go DFLY. That's right man!
DOWN with the scamming promotors,crooked ceos,etc! clean up OTCLAND up once and for all wont hear me complain lol! KARMA will catch up to the scammers as their games arent hard to see anymore imo..especially here on ihub and on their scam sites ie pennystockchasers which recently got shut down for P and D scams!
SEC Charges Penny Stock Promoters in Series of Kickback Schemes
FOR IMMEDIATE RELEASE
2010-187
Washington, D.C., Oct. 7, 2010 — The Securities and Exchange Commission today charged more than a dozen penny stock promoters and their companies with securities fraud for their roles in various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales. One of the schemes was perpetrated by an actor who starred as a police officer on the long-running television show CHiPs.
Additional Materials
SEC Complaint v. Wilcox, Mellone, Parsinia
http://www. style='background-color:yellow;'>sec.gov/litigation/complaints/2010/comp-pr2010-187-wilcox.pdf
SEC Complaint v. Charbit and Korem
http://www. style='background-color:yellow;'>sec.gov/litigation/complaints/2010/comp-pr2010-187-charbit.pdf
SEC Complaint v. Sand and Ingen Tech
http://www. style='background-color:yellow;'>sec.gov/litigation/complaints/2010/comp-pr2010-187-sand.pdf
SEC Complaint v. Galpern
http://www. style='background-color:yellow;'>sec.gov/litigation/complaints/2010/comp-pr2010-187-galpern.pdf
SEC Complaint v. Palmer and AccessKey
http://www. style='background-color:yellow;'>sec.gov/litigation/complaints/2010/comp-pr2010-187-palmer.pdf
SEC Complaint v. Epstein and Humphries
http://www. style='background-color:yellow;'>sec.gov/litigation/complaints/2010/comp-pr2010-187-epstein.pdf
Litigation Release No. 21691
http://www. style='background-color:yellow;'>sec.gov/litigation/litreleases/2010/lr21691.htm
The SEC worked closely with the U.S. Attorney's Office for the Southern District of Florida and the Federal Bureau of Investigation as the separate schemes were uncovered through FBI undercover operations conducted in such a way that no investors suffered harm. The U.S. Attorney today announced criminal charges against some of the same individuals facing SEC civil charges.
According to the SEC's complaints filed in U.S. District Court for the Southern District of Florida, the schemes generally involved the payment of kickbacks to purportedly corrupt pension fund managers or stockbrokers, who would use their clients' accounts to purchase the publicly traded stock of microcap issuers controlled or promoted by the individuals and companies charged today. What the promoters and insiders did not know was that the people with whom they arranged these illegal transactions were actually undercover FBI agents or confidential sources participating in undercover operations.
"These corrupt promoters meticulously planned their schemes down to the last detail, except for the possibility that they were walking into an undercover operation," said Robert Khuzami, Director of the SEC's Division of Enforcement. "This joint law enforcement effort is a stark warning to those who embark on securities fraud schemes that we may be listening and we may be watching."
Eric I. Bustillo, Director of the SEC's Miami Regional Office, added, "These penny stock promoters paid illicit kickbacks to people who they thought would help them profit at the expense of unsuspecting investors by manipulating the price of their stock or fraudulently selling their shares."
The SEC's complaints allege the following individuals and companies perpetrated various kickback schemes:
Larry Wilcox, who lives in West Hills, Calif., and played Officer Jonathan "Jon" Baker on CHiPs, perpetrated interrelated kickback schemes with two other penny stock company executives. Anthony Mellone, who lives in Fort Lauderdale and was CEO of Tri-Star Holdings Inc., began the process by paying an illegal kickback to a purported employee pension fund trustee who was to purchase 40 million restricted shares of Tri-Star stock. Days later, Mellone paid another kickback for a purchase of 50 million restricted shares of stock. Unbeknownst to Mellone, the corrupt trustee and the trustee's business associate were undercover FBI agents, and another middleman was an FBI cooperating witness. Mellone, satisfied how the deal worked for his own company, sought to implement the same fraud with others. He informed Wilcox and Alex Parsinia of Calabasas, Calif., about the purportedly corrupt trustee, and both agreed to replicate the scheme for their own companies. Mellone demanded and received a $1,000 kickback from the witness for each completed restricted stock transaction he initiated. In each instance, the three attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created to receive the kickback. Parsinia's company is Zcom Networks Inc. and Wilcox's company is The UC Hub Group.
Jean R. Charbit and Tzemach David Netzer Korem engaged in a fraudulent kickback scheme to manipulate the stock of a microcap company so they could then sell their own shares at an artificially inflated price. Charbit, a stock promoter, paid an illegal kickback to a purported corrupt stock broker (actually an undercover FBI agent) to induce him to purchase $300,000 worth of stock in the microcap company for his clients' discretionary accounts. Korem drafted press releases for the penny stock company and served as its transfer agent through his company, First Public Securities Transfer. Korem, as the penny stock company's transfer agent, issued the stock certificate for the kickback. Charbit is a French citizen with a residence in Miami. Korem is believed to reside in Los Altos, Calif., and has several aliases. He also created a fictitious country, the Dominion of Melchizedek, which claims "ecclesiastical sovereignty" on an island in the South Pacific and has been the subject of criminal prosecutions in several countries.
Scott R. Sand, the CEO and Chairman of Ingen Technologies, paid illegal kickbacks to an FBI undercover agent portraying an employee pension fund manager and to a cooperating witness portraying the manager's associate. The kickbacks were to induce the employee pension fund manager and his associate to purchase millions of restricted shares of Ingen stock. Sand also issued millions of shares of Ingen stock to the associate in exchange for acting as a middleman in the scheme. Sand told the purported manager and associate that he was trying to generate the appearance of market interest in his company, induce public purchases of its stock, and ultimately increase the stock's trading price. Sand lives in Calimesa, Calif.
Jeffrey Galpern, a stock promoter who lives in Boca Raton, Fla., told a cooperating FBI witness that he held four million shares of stock in a Las Vegas-based microcap company and wanted to increase its value. Once the price spiked, Galpern planned to sell his own shares of the stock. He offered to promote the stock through a promotional website, and indicated that properly-timed press releases would sufficiently disguise any spike in trading volume by making it appear they were the reason behind it. Galpern intended to repeat the scheme at larger volumes and told the cooperating witness they could "continuously make money" through such a fraud.
Bruce Palmer and his company AccessKey IP Inc. paid an illegal kickback of 30 million shares of restricted AccessKey stock to a purported corrupt stock broker (who was actually an undercover FBI agent) so he would purchase 90 million shares of AccessKey stock in order to generate the appearance of market interest in Palmer's company. Palmer attempted to conceal the kickback by issuing the shares to the broker's girlfriend and drafting three AccessKey press releases to provide a reason for the anticipated higher-than-normal trading volume created by the large purchase. Palmer did not know the broker's girlfriend was a fictional character created by the FBI. Palmer resides in Placitas, N.M.
A pair of executives at Texas-based penny stock companies Earthworks Entertainment Inc. and The Fight Zone Inc. paid illegal kickbacks to a purported trustee of an employee pension fund so the trustee would purchase 40 million restricted shares of Earthworks and 200 million restricted shares of Fight Zone stock. John "Buckeye" Epstein and Steven E. Humphries attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created solely for the fraud. However, the corrupt fund trustee and the trustee's friend who helped arrange the deal were actually undercover FBI agents. The company was actually a fictional entity created by the FBI for the sting operation. Epstein resides in Addison, Texas, and Humphries lives in Plano, Texas.
The SEC alleges that the promoters in some of the schemes understood that they needed to disguise the kickbacks as payments to phony consulting companies, which they knew would perform no actual work. In other instances, they knew that the purported corrupt fund managers and brokers would be violating their fiduciary duties to their clients by taking part in the kickback schemes.
The SEC's complaints allege the defendants violated Section 17(a) of the Securities Act of 1933, and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The SEC is seeking permanent injunctions and financial penalties against all defendants; disgorgement plus prejudgment interest against defendants that received ill-gotten gains; officer-and-director bars against the individuals who served as officers or directors of the microcap companies involved; and penny stock bars against all individual defendants.
Jessica M. Weiner and Chedly C. Dumornay of the SEC's Miami Regional Office investigated the case, and James M. Carlson of the Miami office is litigating the actions. The SEC acknowledges the great assistance and cooperation of the U.S. Attorney's Office for the Southern District of Florida and the Federal Bureau of Investigation, Miami Division in investigating these matters.
# # #
For more information about this enforcement action, contact:
Glenn S. Gordon
Associate Regional Director, SEC's Miami Regional Office
(305) 982-6360
Chedly C. Dumornay
Assistant Regional Director, SEC's Miami Regional Office
(305) 982-6377
James M. Carlson
Senior Trial Counsel, SEC's Miami Regional Office
(305) 982-6328
Best SEC filing I have read, remember DMGM and the $2.00 buyout? Great insight to the scam... from the supposed merging company.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7164068
how about all the OTC stocks that are being manipulated by cult follwings and all and stocks that are purposely have there floats locked up....
Looks real. Just caught up on all thier filings for a few years back. RM rumor. FLD.
EVFN got me for a few bones SCAM, diluted, R/S rinse and repeat AVOID THEM
right on what a run that had eh!)hopin it can at least make us all happy from down here when they announce what they are up to with the recent reinstatement etc...AS still 110M AS too so will see i guess!))
yah i dont know what brokers,firms,etc use ARCA personally but im sure these mms active all being utilized by sellers at some point imo..
Hey Dragon ~ I was in BLLD years back when it run from .50 to $6.45 in a couple days. Not sure if its the same guys running it this time around or if there even doing the same type of deal. Good luck with that ~ hope she runs the same way.
Anyways, what's up with ARCA ? This MM seems to be as suspect as some of these dag-gone CEO's and stinky pinkies. They seem to work in unison . If you look at ELCR & ARTS , they got both of those stocks in a ARCA Sandwich with no way to get out ! ARCA is a naked shorting sob and they probably give kick-backs under the table to some of these companies ( which I can't prove ) LOL ~ Better in the big boards I guess ////
no dude.....spot on!
no prob bro
and sorry i wasnt tryin to be a dick er anything but things like that are what give otcland a bad rep and take lotsa hard working traders money. Not to mention someone banked ALOT of money into that news selling on ask and bid. Did you see who the main mm was on ask last week? SEAB an overseas mm sold 10s of mils on ask prolly still is today havent checked though.VERT there too and a few other usual suspects imo. Makes yah wonder how many they were given to sell into that news?! And note company nor person listed on prs dont answer their phones which is a shocker i guess lol. But yah sick .15 buyout offer company shouldnt have even taken seriously unless they in on it too imo or jus damn stupid imo. Its funny i woulda never got into it as i did if i wasnt attacked by mad peeps over there..sheesh all i was doing was stating the facts on the table not adding up and it made me mad those mofos would even try to fleece us traders like that. O well hopefully some saved some $$.
yah its not hard to see whats goin on imo. I think sometimes these companies dont even realize what the downside is to their doings with funders/financiers til its too late imo. Some make right but most dont as we know. There are ALOT of situations in the markets where funders and financiers have these companies nuts in a bind really. They give them a loan which if they cant pay in cash the company pays in stock..with assets backed by the loan more times than not too from what ive experienced. Then comes the constant selling when notes become payable and other payments need to be made. Then once OS is in bils leads to the inevitable no bid and or reverse split then good chance the company rinses and repeats the process post split. Surely sucks for companies and sharesholders alike imo.
gosh and as we know there are soo many of those rinse and repeat constant dump fest diluting pieces of shiz out there..its nuts..sick actually. Dillution and sellers expected in otcland but one can use that to their advantage in getting the cheapies so long as the company lays off and dont pull one of those rinse and repeat RSers ie KGRI sell shares then RS then right back to trip 0s..rinse and repeat. Cant believe SEC even lets them do that BANID comes to mind too. But then its kinda ironic as i dont mind the diluting pigs as much as I dislike the total outright scams ie fake buyout prs for obscene amounts of money which no way the company being offered the buyout is wort. Perfect example last week with that .15 buyout offer of a stock with Bils in OS..would equate to hundreds of millions of dollar buyout. So either the company hasnt done their DD on the possible buyer or they are in on the bs too imo otherwise why pr before proper due diligence. Straight up phoney balony considering the facts imo.
As for the dilluters ALOT of money can be made on these types as we know when/if they turn around/bounce. Heck if it werent for sellers/dilluters there wouldnt be any trip 0s or double zero subbers out there for us to play lol. Some of the biggest percentage gainers i have seen over the years have been stocks that tanked to subbieland and bounce..not hard to see the % possibility from sub penny prices especially. But yes most the time its a flippers game but every once in a while we find that one that makes up for all the BS that goes on in this arena!))Jus gotta hope we can use our tools,knowledge,experience,others insights,etc to our benefit and see if we get a bit lucky in the process that always helps lol. Comes down to more regulation needed imo and hopefully the more heat on these companies here the safer it gets for us traders,investors,etc down the road.
Anyone bidding on ARTS OR ELCR should take there bids off the table immediately and let those thieves suck air ! What a crime ~
ARTS & ELCR ~ Friggen Paper Mills ! .0001 Toilet Material
Ya and I want to thank you for alerting me about BTDG.. .15 buyout and it cant get over .015 just crazy....they were selling like mad into the pump.....surprised they did'nt let it go up closer to the "buyout" price
right on bro!)the equinox is upon us!))lookin forward to the coming months bro!))with the smart players round here and the tools we have no reason we cant reach our goals and make the magic happen imo!))
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