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Mike500 read the Terms of Service
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Please stay on topic = Petro America Corp
good luck
thank you
Dude, really?
Seriously?
um no, you are totally off base. I was not questioning the legality of people exercising their right to assemble. Which, I'm not stupid, it is one of our RIGHTS. I was questioning the legality of continuing to promote Petro. Also, I'm questioning the mental state of people who are still planning on going through with this ridiculous demonstration.
Probably, at least IMO, it would be a good idea to let the legal process finish taking its course before people go ahead and carry that plan out. The Feds are usually pretty thorough when it comes to stuff like this, and, from the little snippets of crap that OH has put out there in his interview on the courthouse steps, I highly doubt that his day in court will be much better or even close to being sufficiently convincing that his story is true.
if it quacks like a duck.........
AirJ
If you are not a paid member the only time you can send messages, etc is during Happy Hour -
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Nothing illegal to Go to Washington
LookingforTruth does not know his rights. You people CAN march on Washington DC. It is very SAD they you all do not know your rights, How sad is that.
I attempted to sent this message privately but was unable.
This inquiry is in reference to your earlier post about you having a ton of information about the Langenbachs. I would LOVE to hear any dirt you may have on those folks.
Any information exchange between us will be kept completely confidential.
A friend
sent you a private message about this believer17
just click on your mailbox tab to view the message
thanks
I do feel sorry for the ones still holding on thinking they are going to get some big payday. Not happening. On second thought...I don't feel sorry for them. If they wish to continue to fund OH and is friends lifestyles, while they are still struggling. It serves them right. The evidance has been presented and still OH has brought nothing to support his claims.
For a company with $7.2M in assets the website has no information of value. One of his family members that just learned HTML put that together just to fool investors into believing they have something.
His interview in front of the KC Court house was pathetic at best. OH, "We believe what we have is real." Seriously...if you truly have a real company you do not have to believe...YOU KNOW and you have proof to back it all up. If I were OH, I probably would have said that also on tv, I would certainly be afraid of my gravy train with biscuit wheels derailing!!!
Unbelievable, they are making money every which way...
BRASS ONES FOR SURE!!!!
Jobs for America LOL that's a joke
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56107225
wow.
I thought all of that stuff was illegal at this point.
these people have some brass ones, that's for sure.
At it again...will these people never stop? Are they for real? They now are going to have a march on Washington DC lol who will they get to come. Let's see OH, teresa brown, johnny, marcia, hmmm...oh and teddy and jeannie tucker....they are not drinking kool-aid but now I know they are into the hard core drugs.
EMAIL FROM TEDDIE:
I have been asked to make the following information available to all Petro America Corp shareholders, and I am proud and pleased to do so:
In support of Petro America Corp.
Join the launch of our
"Jobs for America Campaign"
to support companies like ours that create jobs for America
Lafayette Park, Washington D. C. (in front of the White House)
10AM - 1PM Wednesday November 10, 2010
All supporting shareholders are invited to join us!
We will demonstrate in an orderly, dignified manner
carrying signs in support of our purpose.
(see attached signs to be enlarged to poster size)
AGENDA
Invocation
Introduction of Speakers
Occasion & Mission
Remarks in Support of Petro
Petro Pledge
Closing & Benediction in Ellipse Circle (middle of park)
(Free time for Kansas City participants until 7:00 PM departure to
Kansas City....Exact location TBA)
All shareholders will be identified by a yellow ribbon arm band to be distributed before the event
If you are interested, please join the Conference Call tomorrow
Saturday Nov. 6
5pm Pacific, 7:00 PM Central, 8pm Eastern
760-569-0111 Code 474883#
In order to estimate the number of people interested, reply to: wdc@petroamericacorp.com
("I Would Like To Attend" in the subject line)
For map of the Lafayette Park Ellipse area
http://wikimapia.org/#lat=38.8957425&lon=-77.0367551&z=16&l=0&m=b
Funds for the trip from Kansas City must be in by 3pm Sunday November 7, 2010
For more information, you may contact:
Ernest Batiste (816) 606-8047
or Gail Scott (310) 686-8100
_________________________________
<<<FOR KANSAS CITY AREA PARTICIPANTS>>>
Buses leave Kansas City (MO) Area (exact location TBA)
Departure: 8:00 AM Tuesday November 9th
Arrival: 8:30 AM Wednesday, November 10th
Return: 7:00 PM Wednesday, November 10th
(same day turn around/no over night stay/all times estimated)
Cost: $150
(Rate per person with full bus of 56 people/paid by Sunday 5:00 PM)
Thank you for your continued support!
Jobs For America Campaign
Petro America Corp
2300 Main Street, Ste 900
Kansas City, MO
Best Regards,
Teddi Berkowitz
Does anyone know what came out of OH's court appearance yesterday?
Who Cares -- Listen or Not
It's not classified or something so who cares who's on the phone!!!
Please refer us to the law or regulation that says shares printed in a virtual office that have NO legal standing or value have any rights to private calls which other cannot listen to; TIA
Harley
Thanks I will see what I can find out. I have written to One of the @petroamericacorp.com provided on their official web site and have never received an answer. any correspondence coming from a gmail account would be suspect as to who is sending the e-mail. Anyone can open a gmail account and pretend to be officially representing Petro.
That would be a good question to send to the Corporations and get an answer. I can not speak for them.
When has Petro America Corp Kansas or Delaware either one ever made an official announcement to any and or all shareholders that it is having these calls?
Your post is correct tyler1999. Others on here may not care but you are correct.
I don't think he has to worry, since the shares are worthless unregistered illegal shares....technically, no one owns legit shares....maybe that means there are no shareholders at this time....everyone has that number anyway....
Mike500 these calls are for Petro shareholders only. By posting this you break the privacy of those people.
Conference number for those
Petro Corporate Call tonight,
Thursday, November 4
5pm Pacific, 6pm Mountain, 7pm Central, 8:00 pm Eastern
712.432.1001
Pin 462517988#
Conference call tonight - 8:00pm
Petro moves forward ---->
Here we go again......unbelievable
Petro Corporate Call tonight,
Thursday, November 4
5pm Pacific, 6pm Mountain, 7pm Central, 8:00 pm Eastern
712.432.1001
Pin 462517988#
Perhaps hopeful for an offer of immunity for testimony, as not to plead the Fifth? Surely you jest.
http://www.ned.uscourts.gov/internetDocs/jury/handbook_grand.pdf
Some people are having trouble keeping up; perhaps they are doing some quick loads of "laundry" themselves ;)
Harley
your welcome
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56225913
Only 7 posts down.
That has already been posted, and commented on :)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56176339
Harley
*No twist needed, just honest truth*
Someone please enlighten me as to how you have $7.2M in assets and not one piece of paper to show forth?!?!? He could not even give out the address of the building...because it does not exist. "We have purchased space, we have space." Where clown?!? It certainly is not on Pershing.
SCAM,SCAM,SCAM! The jig is up OH, stick a fork in you cause you are DONE! Bernie Madoff is waiting for you and has space in his cell for you.
You are 100% correct...it is sad that some are out there still hanging on and spreading his lies. Talk about adding insult to injury!
Thanks for the information. I did this because I have known my friends for years and I figured she had checked all of this out and it was solid. It was far from solid.
Somehow OH has brainwashed the masses into thinking this bunk is real. How sad that after he was arrested there are still those that believe something is going to happen...they will be "blessed". Nope, wrong answer.
Of course his family will stick by him, they were reaping the benefits as well. With no investors there will be no more lavish items for them...it is sad.
Thanks for posting.
Interview with Owen - NBC 5
Link:
http://www.kctv5.com/news/25599075/detail.html
the saddest thing of all is that people continue to perpetuates this thing
some are still insisting that everything is just one big misunderstanding and Owen will be set free once they hear his side of the story....
It could very well be the shortest trial in history; I mean the evidence is so over-whelming, it's just a matter of how much Owen turns and tries to lay on his "friends"
Harley
Poochy Poo;
Your time is up, no need to waste our time with your posts anymore; feel free to get your stories strait, I am sure you will be visted soon; see Owen thought he was above the law, they all did, now, they got the top, and they will go to the lemmings to seal the deal.
Harley
*seems like the twist was THE TRUTH, imagine that*
According to Affinity Scams, victims that sell and take active part in the scam by promoting it in any way are subject to the same laws as the ones actually controlling the scam. Ignorance is not an exception to the law. Unfortunately, nice people get in trouble right along with the ones creating the scam. The reason, "the law believes it is everyone’s responsibility to investigate and do DD on any business opportunity, before taking part in it." They will investigate, and sometimes when they find out they didn't know, if they cooperate with the officials, charges are reduced, fines and sentences as well...
It doesn't seem quite fair, and that's one of the reasons I was concerned about people invested in Petro...Affinity scam is the worst, because we know our friends and know their good characters and think they have checked things out. But it's really up to each individual, to check things out.
The government all along, with the cease and desist orders, were cluing investors into this being questionable...so I feel like they were putting brakes on it from the beginning...it's just that people will read something and dismiss it, because it's not what they want to think about it...they don't have deductive reasoning, and if they do, they don't take warning and act on it.
http://www.eagleresearchassociates.org/red-flags.php
This link to the website used to have a very good article about affinity scams. It also stated the law about if you took part unknowingly, that you were just as responsible as those perpetrating the scam.
I hope these links answers some questions.
http://www.bustathief.com/affinity-fraud-affinity-scam/
There may be more information available if you google...
I agree with you, and from the looks of it, Owen doesn't know how to go out and earn a living, he just takes it from others in his 29 plus "pretend" failed companies. I hope people can recover some of their money, but I guess they are having a hard time finding the bulk of it.
Johnny and Teresa are just as guilty and need to join Owen in the prison system...
I live in KC...I was brought in by a friend. At each meeting he did the usual rah, rah, rah then it came down to producing stock certificates which we are still waiting on. So I decide I want my money back and when I travel to the headquarters he boasts of on Pershing...there is nothing. The building has a lot of businesse but none are Petro nor had the heard of Petro. I later found out there was a secretarial service he was renting at the Pershing location. I heard that one of our big accounting firms(Earnst & Young) was handling the account...I called them and not one soul I spoke to knew anything about Petro. As a matter of fact they asked him to stop using their name because they do not do business for him or Petro. I sunk $2k into this nonsense so I have to chalk it up as a loss.
For those that are trying to make the distiction between Petro Ks and the other Petros, I'll say this...if OH has anything to do with it RUN!
Reddog...OH has nothing... He took your money and mine and he is only feeding his lavish lifestyle...if you are that sure of OH...I have some "diamond" mines on 27th and Prospect to sell you! Make your check out to Me!
I think they are referring to a video posted on the other board
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56176339
Trying to keep the Kansas stock news and this PTRZ news, which the only verifiable tie is the CEO of both being Owen Hawkins, is difficult. So far as anyone can tell PTRZ is still in the music industry. Blurred vision. Paid for Press Releases don't count.
Petro America - Kansas Corporation board is here:
http://investorshub.advfn.com/boards/board.aspx?board_id=17087
I found this video.
Also states more charges could be filed and also they might be charging others.
Hmmmmmm I wonder who...3 guesses?
http://www.kctv5.com/news/25556776/detail.html
for your viewing plesure
where is the video. got to see it
Owen will have his day and court and his nights in prison.
Nothing Free, great post;
No job, no income, no filing with the IRS for 15 years...but withdraws stolen money like it is his;
DateTimeAmountTypeNote
10/09/20084:37 PM$5,000.00cash
10/11/200812:23 PM$8,000.00cash
10/14/200812:23 PM$8,000.00cash
10/14/200812:24 PM$8,000.00cash
10/14/20085:06 PM$8,000.00cash
10/14/20085:09 PM$8,000.00cash
10/14/20085:14 PM$9,000.00cash
10/15/20085:16 PM$9,000.00cash
10/17/20085:06 PM$9,500.00cash
10/20/20082:45 PM$9,500.00cash
10/20/200812:01 PM$9,500.00cash
10/21/2008$9,500.00checkcash
10/23/2008$9,000.00checkcash
10/24/2008$8,000.00checkcash
10/24/20085:16 PM$8,000.00cash
TOTAL$126,000.00
...but shamelessly "passes the hat" to pay for the hotel room meetings.
Disgusting.
I am certain the CEO will drop a dime on those around him trying to get off lighter. Now would be a bad time for friends and family members to speak as a representative of Petro America.
Good luck.
Very True Statements.
*ATDB*
*SIST*
*ATHT*
Nothing Free Share Tuesday, November 02, 2010 6:10:36 PM
Re: Mike500 post# 11697 Post # of 11717
Now that he has been taken to court and he himself admitted that he has nothing to show forth of investor money but cars, furs and expensive luggage...
**************************************************************
I have not read or seen anywhere that Owen Hawkins said that...
*ATDB*
*SIST*
*ATHT*
I'm curious, what was the biggest lie Owen told, that tipped you off to this scam??? For me, it was the lie that the TA was taking so long, because they were doing "background checks" on us....
That was actually the moment I woke up and decided to get my money back....but looking back...there were so many lies he told...he trained everyone pretty well not to question him.
He better shake...he knows he is prison bound. It serves him right.
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http://www.petroamericacorp.com/
FOR SEC FILINGS:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001122771&filenum=&State=&SIC=&owner=include&action=getcompany
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001447994&owner=exclude&count=40
________________________________________________________________________________________________________________________________
NEWS RELEASE
OFFICE OF THE UNITED STATES ATTORNEY
WESTERN DISTRICT OF MISSOURI
BETH PHILLIPS
Contact Don Ledford, Public Affairs ? (816) 426-4220 ? 400 East Ninth Street, Room 5510 ? Kansas City, MO 64106
www.justice.gov/usao/mow/index.html
OCTOBER 27, 2010
FOR IMMEDIATE RELEASE
KCK MAN CHARGED IN $7.2 MILLION FRAUD SCHEME THAT TARGETED THOUSANDS OF INVESTORS NATIONWIDE
KANSAS CITY, Mo. – Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a Kansas City, Kan., man has been charged in federal court for his role in a $7.2 million securities fraud scheme that victimized thousands of investors across the United States.
“A federal criminal complaint alleges that Petro America was an empty facade of a business run by deception and false promises,” Phillips said. “Petro’s founder is charged with defrauding unwary investors by selling them worthless stock in order to support his lavish lifestyle.”
Isreal Owen Hawkins, 55, of Kansas City, Kan., was charged in a two-count criminal complaint filed in the U.S. District Court in Kansas City, Mo. Hawkins is the president and CEO of Petro America Corporation. A related civil forfeiture was filed against Petro America on Friday, Oct. 22, 2010.
The criminal complaint charges Hawkins with securities fraud and with structuring financial transactions in order to evade federal reporting requirements. Hawkins founded Petro America, which bills itself as a holding company for crude oil and gold mines (among other claimed assets) in 2007.
Count One: Securities Fraud
According to an affidavit filed in support of the criminal complaint, Hawkins began selling shares of unregistered stock to investors in 2008. At the time, the affidavit says, Petro America had no oil, no realistic prospects for obtaining, transporting or storing large amounts of oil, no significant assets, no revenue and no other employees. The government is aware of no evidence that Petro America has seriously pursued any opportunities to acquire oil fields or conducted oil trading operations. Nevertheless, the affidavit says, Hawkins and others have touted excellent prospects for Petro’s rapid growth in the oil industry.
According to the affidavit, more than 9,000 victims have invested in excess of $7.2 million since August 2008, but instead of using that revenue for legitimate business-related purposes, Hawkins and his co-conspirators allegedly withdrew investors’ funds from Petro America’s bank accounts in cash, which they spent on personal expenditures such as a house by the lake, luxury cars, a $5,700 fur coat, a $37,000 boat, a $5,200 piece of Louis Vuitton luggage purchased in Switzerland, expensive jewelry and travel.
Hawkins, the only full-time employee of Petro America, paid himself an annual salary of $595,000 under a contract that also granted him a $175,000 bonus, 500 million shares that are immediately exercisable, a company car, a company apartment in Missouri, and a dining card. Hawkins drew his salary in cash, in random amounts at inconsistent times, and the company did not withhold taxes.
Conspirators often recruited investors through churches and used religious language in their pitches, the affidavit says, including promoting Petro America as a once-in-a-lifetime opportunity to “share the blessing.” Petro America cultivated a relationship with the African American Ministers Alliance Group, the affidavit says, and according to its records made large payments to multiple Kansas City-area pastors, religious leaders and a local civil rights activist.
Investors lost from $100 to $100,000 each. Initially, many of the investors were drawn into the scheme with the promise that $100 would buy 100,000 shares of Petro America stock, the affidavit says, which Hawkins claimed was “book valued” at $2 per share. As the scheme progressed, conspirators raised the price to invest and claimed an ever-higher “book value” for the shares. The affidavit alleges that this allowed conspirators to unload shares to new investors at an increasing profit. To date, the affidavit says, the stock has never been properly registered or listed on any exchange.
Hawkins allegedly promised “meteoric returns” on investments. At the height of the scheme, the affidavit says, up to $700,000 flooded into the company each month.
Hawkins claimed that Petro America would be “the first African-American holding oil company to go public in the United States,” according to the affidavit. Investors were frequently told that they would be rich when the company “goes public.” Going public, the conspirators allegedly have said for over two years, is just weeks away. In reality, the affidavit says, the company has no significant assets or revenue stream (other than investor proceeds).
Alleged False Claims
Today’s affidavit alleges that Hawkins and co-conspirators provided materially false information to investors. For example, Petro America’s Web site includes a prominent photograph of the luxury office building at Two Pershing Square, ostensibly Petro’s “world corporate headquarters.” In reality, the affidavit says, Hawkins contracts with Regus Management Group LLC, a secretarial service that provides such services as telephone answering, fax and mail handling, use of the address and 16 hours of office usage for an initial monthly fee of $225.
According to the affidavit, conspirators have touted Petro America acquisitions in gold and rock mines as valuable holdings worth hundreds of billions of dollars. In reality, the affidavit says, Petro America’s interests in the gold and rock mines are essentially worthless. Petro America allegedly adopts wildly high valuations for the mines, most or all of which are not producing anything. Many or all of the mines are not actually mines at all, but mining claims. A mining claim is merely a plot of government-owned land upon which a person or corporation has filed a claim of rights to a mineral deposit, which may or may not actually exist.
Based on these representations, Hawkins and others claim that Petro’s assets are worth more than $284 billion. According to the affidavit, if this valuation were accurate, Petro America would be the second-largest company in the United States by market capitalization, larger than Wal-Mart, Apple or Microsoft. America’s largest company is Exxon Mobil, which has a market capitalization of $312.28 billion.
Count Two: Structuring Financial Transactions
Under federal law, banks are required to file Currency Transaction Reports for financial transactions that exceed $10,000 in one day. It is illegal to conduct multiple cash withdrawals in amounts less than $10,000 for the purpose of evading that federal reporting requirement.
The affidavit alleges that Hawkins and others made large cash withdrawals from Petro America’s bank accounts, which were structured to avoid bank reporting laws. For example, according to the affidavit, Hawkins and an unidentified co-conspirator visited Mazuma Credit Union several times each week. Sometimes they made big deposits of multiple checks into the company’s bank account; on most visits, the affidavit says, they withdrew $7,500 to $9,800, often on consecutive days. In this manner, Hawkins obtained at least $537,515 in cash from Petro’s account at Mazuma. The affidavit also alleges that Hawkins structured currency withdrawals out of Petro America accounts at U.S. Bank and Bank of America.
Web Site Support For Fraud Victims
Two Web sites have been established to collect information from the victims of the alleged securities fraud scheme and to provide updated information about the status of the case. Investors of Petro America are encouraged to provide information via an online form at http://www.postalinspectorsurvey.com/PetroAmerica Due to the volume of expected responses, this process has been automated and placed online; all communication from potential victims regarding the case should be made via this Web site. Updates about the status of the case will be posted at http://www.justice.gov/usao/mow/petro.html
Phillips cautioned that the charges contained in this complaint are simply accusations, and not evidence of guilt. Evidence supporting the charges must be presented to a federal trial jury, whose duty is to determine guilt or innocence.
This case is being prosecuted by Assistant U.S. Attorney Daniel M. Nelson. It was investigated by IRS-Criminal Investigation, the U.S. Postal Inspection Service and the Office of the Missouri Securities Commissioner.
****************
This news release, as well as additional information about the office of the United States Attorney for the Western District of Missouri, is available on-line at
http://www.justice.gov/usao/mow/index.html
Copies of the Affidavit and Complaint filed by the U.S. Attorney's Office against Petro America Corp:
http://media.kansascity.com/smedia/2010/10/22/22/Affidavit.source.prod_affiliate.81.pdf
http://media.kansascity.com/smedia/2010/10/22/22/Complaint.source.prod_affiliate.81.pdf
Federal prosecutors have set up two websites for victims of the alleged scheme.
39 page criminal complaint against Owen Hawkins:
http://media.kansascity.com/smedia/2010/10/27/19/hawkins_complaint__1_.source.prod_affiliate.81.pdf
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