[JP313]

I truly hope they fine him & throw him under the jail

[ErnieBilco]

Looks like the SEC has finally caught up with pinky dirtbag>>>>>

Frank Igwealor et al.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26171 / November 19, 2024
Securities and Exchange Commission v. Frank Igwealor, Patience Ogbozor, Alpharidge Capital LLC, American Community Capital LP, GiveMePower, Inc., Kid Castle Educational Corporation, Los Angeles Community Capital, and Video River Networks, Inc., No. 2:24-cv-09941 (C.D Cal. filed Nov. 18, 2024)
SEC Charges CEO with Misappropriation of $2.2 Million and $6 Million of Illegal Stock Sales
The Securities and Exchange Commission announced today it filed charges against Frank Igwealor of Playa del Rey, California, the CEO of several microcap issuers, for engaging in a scheme to misappropriate $2.2 million from a microcap company he controlled to purchase a home, and illegally selling millions of shares of three other microcap issuers he controlled for a profit of approximately $6 million.

The SEC’s complaint, filed in the U.S. District Court for the Central District of California, alleges in November 2021, Igwealor and his spouse, Patience Ogbozor, illegally extended themselves a personal multi-million dollar mortgage from a subsidiary of GiveMePower, Inc. while Igwealor was the CEO of the company and Ogbozor was a director. According to the Complaint, Igwealor subsequently orchestrated sham transactions involving GiveMePower, two additional microcap issuers and a private entity that he controlled in order to obfuscate the original misappropriation, transfer the mortgage and ultimately avoid repayment. In addition, from July 2021 to February 2022, Igwealor allegedly sold approximately 663 million shares of three different microcap issuers he controlled, in excess of limitations under the securities law, applicable to him as a control person of these companies.

The SEC’s complaint charges Igwealor with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder, and aiding and abetting violations of Sections 13(a) and 13(k) of the Exchange Act and Rules 12b-20 and 13a-1 thereunder, and charges Ogbozor with violating Section 17(a)(3) of the Securities Act and aiding and abetting violations of Section 13(k) of the Exchange Act. In its case against Igwealor and Ogbozor, the SEC seeks permanent injunctions, officer and director bars, civil penalties, disgorgement, and prejudgment interest as to both defendants, as well as a penny stock bar against Igwealor. The SEC’s Complaint also charges GiveMePower, Inc, Kid Castle Educational Corporation, Video River Networks, Inc., Alpharidge Capital LLC and Los Angeles Community Capital with securities law violations in connection with the mortgage-related fraud; and charges Alpharidge Capital LLC and American Community Capital, LP in connection with Igwealor’s illegal sales of securities.

The SEC’s investigation was supervised by Tejal Shah and Michael Paley and conducted by Abigail Rosen, Thomas Peirce, Ricky Tong, Leslie Kazon and Alex Lefferts of the New York Regional Office. The litigation will be led by Ms. Rosen.

[xtyleradx]

2 years is an exaggeration

[porty]

Really, they've been closing acquisitions for 2 years now and nothing happens or changes.

[xtyleradx]

Second Acquisition is finally closing soon. One more to go

[Calvin Hobbes]

$PIFR way under valued.

[Calvin Hobbes]

$PIFR

https://t.me/+Utolqpqi8D04ZjEx

more DD here in this room. Feel free to join./

[Calvin Hobbes]

$PIFR new Acquisition https://www.biocelltechnology.com/
PARTENERD WITH SOLGAR WHO IS OWNED BY NESTLE $NSRGY
This happened in 2021 when NESTLE BOUGHT THE BOUNTIFUL COMPANY

https://twitter.com/oilermanhockey/status/1513697655351742465

https://www.bountifulcompany.com/

[ANTI-BAGHOLDER]

Ummm, MSSV just posted some awful filings. 3 years of waiting for nothing

[ANTI-BAGHOLDER]

Another Frank ticker ICNM destroys shareholders. He is Frank Ikechukwu Igwealor is a major scum bag

[PTS]

Well since I proved Mssv is legit I suppose I’ll do it again! Hahaha audited fins out! “They won’t provide audited financials” yeah okay lmao!

[RoagTrader]

But they did come up with the $8.2 million to pay LAHO shareholders

[ANTI-BAGHOLDER]

Ohhh boy. Are we doing another “wait” for the audited fins to show how big this is game?

Frank has been destroying shareholders of all OTC tickers he touches.

[xtyleradx]

Annual report out over the weekend. Good stuff in it. This thing will fly when the market shapes up

[xtyleradx]

Exactly. Revenue from biocell alone puts us at a 19mil valuation which is a little under .15

[sksdeux]

Yep, it's been a long, tough road requiring an awful lot of patience, and it's about to pay off very nicely. That massive PR with the OpenDG acquisition, the Biocell acquisition, and the third acquisition (Cannabinoid Biosciences?) should be coming any day now.

[ANTI-BAGHOLDER]

Oh please. Look at all the crap Frank has put all these bagholders through

[PTS]

I agree with your opinion… I’ve been loading the past month here.. it’s about to take off.

[Calvin Hobbes]

$PIFR IS A GEM
THESE ARE THE TWO SUBSIDUARIES THEY HAVE NOW ACQUIRED

https://www.biocelltechnology.com/
https://opendg.org/

> VERY NICE
way under valued right now.
low float 48 M
19M revs for just one of the subs
not including Open DG

low OS 133 000 000
BIOCEL TECHNOLOGIES
6 PATENTS

https://twitter.com/oilermanhockey/status/1493746768521019395

SP should be .143 with no multipliers with only
https://twitter.com/oilermanhockey/status/1494257342380056583

https://www.biocelltechnology.com/


PRESIDENT of BIO TECHNOLGIES 19M revenues IS ALSO President of GMP LABORATORIES making 24M revs
https://twitter.com/oilermanhockey/status/1494005176255979524

https://rocketreach.co/gmp-laboratories-of-america-inc-profile_b5dea5d5f42e4eef




https://twitter.com/oilermanhockey/status/1493618139644321792

Open DG https://opendg.org/services/

https://opendg.org/portfolio/omics/

[sksdeux]

So Frank gave an update on all this during the conference call regarding all his tickers he did awhile back and said that the original plan was to just reverse merge Cannabinoid Biosciences, there were delays in that and the other guy running PIFR, Kareem, decided after further research that he didn't want to solely be the cannabinoid company because that can cause financial issues in the United States.

So they re-filed to revert back to Premier Information Management, that happened at the start of this month but was announced in mid-January. The intent stated at that point was to turn it into a holding company that includes Cannabinoid Biosciences as well as other companies. That was the last real update from them until the OTCM profile was updated the other day. I can only assume merging/acquiring in Cannabinoid Biosciences is still the plan, though I was surprised not to see it on the companies listed on that OTCM update.

[xtyleradx]

I think that will become an acquisition. I forget where I saw that at, I’ll have to look it up

[porty]

So did they ever merge or acquire Cannibinoid Bioscience or was that all BS?

[xtyleradx]

I think they decided to keep it as is

[porty]

Whatever happened with this tweet?

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">This morning, <a href="https://twitter.com/search?q=%24PIFR&src=ctag&ref_src=twsrc%5Etfw">$PIFR</a>; changed its name to Cannabinoid Biosciences, Inc. as part of the RM process. Next we'll submit for Name Change and Ticker Change with FINRA. Then we'll proceed to SEC to effectuate the impact of this transformation. <a href="https://t.co/CT2R9VdoXU">pic.twitter.com/CT2R9VdoXU</a></p>&mdash; PIFR (@PIFR12) <a href="

This morning, $PIFR changed its name to Cannabinoid Biosciences, Inc. as part of the RM process. Next we'll submit for Name Change and Ticker Change with FINRA. Then we'll proceed to SEC to effectuate the impact of this transformation. pic.twitter.com/CT2R9VdoXU

— PIFR (@PIFR12) June 30, 2021

30, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js"; charset="utf-8"></script>

[sksdeux]

OTCMarkets profile updated yesterday, giving some insight into some of the acquisitions... still waiting on a PR, though, but here's some of the info:

One is OpenDG Ltd., an India-based digital media marketing company.

The other, BioCell Technologies, is a dietary ingredient company with $19m revenues and (among other patents) a patent on BioCell Collagen, which is featured on multiple products on Amazon and elsewhere.

At least one more acquisition still on the way...

I bet we see a PR soon, and when we do, this thing will fly with its 48M float. Today seems like a good day to get in, IMO.

[ANTI-BAGHOLDER]

He’s involved in a crap load of shady chit.

[sksdeux]

Haha, if you say so.

[ANTI-BAGHOLDER]

Do the tiniest bit of research. Well known scum bag on the OTC

[sksdeux]

Why? Care to back that up with anything?

[ANTI-BAGHOLDER]

Frank Igwealor is a major scum bag. My god. Seriously.

[PTS]

Frank is a beast! This will follow GMPW

[xtyleradx]

Probably waiting on a couple things like a name change and which companies are being acquired

[PTS]

I seriously don’t understand why this is not being found… lol

[PTS]

Great day here, bud is even creeping up. We need to takedown one more wall and she runs!

[PTS]

Nice I’ll do some digging too. Either way, it looks like we are early to the party here.

[xtyleradx]

Hopefully Eaze. Might be a little too big, but that’s the only one I found any clues for.

[PTS]

What are your thoughts on who it might be? Just curious.

[xtyleradx]

No idea when. But if one of them is the company that I’m thinking of it’s gonna be a huge deal

[PTS]

What’s your opinion on when these next acquisitions hit?

[PTS]

I’m surprised with so much good news coming that this board is so quiet. Getting this between .04-.05 is such a gift. Mark this post. This will be a .30-.50 stock within the next 6 months.

[PTS]

Sounds good to me… this is primed for a big gap up here soon. Folks better start treating this like the load zone. Would love to see .30-.50 on this beautiful share structure.

[xtyleradx]

Acquisition in place with two more to come

[porty]

That deal is almost done and will be announced along with a few other deals.

— PIFR (@PIFR12) November 25, 2021

[porty]

Well the last acquisition has amounted to nothing. No updates in a long time so these are meaningless.

[AskMuncher]

$PIFR Premier Information Management, Inc. Partners with Modern Products Group for Acquisitions in Nutraceutical Markets
Press Release | 11/22/2021
Torrance, Calif., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Premier Information Management Inc, a public company (OTC: PIFR), is planning a series of acquisitions to grow a manufacturing and distribution company that spans multiple areas of the nutraceutical marketplace. PIFR is pleased to announce that it has partnered with Modern Products Group LLC. (“MPG”), a leading management consulting company specializing in market penetration strategies, negotiating acquisitions, and managing their combined operations.

“PIFR has chosen MPG as our acquisition arm and management team for building an integrated company that can adapt and scale quickly to meet market demand. MPG has a proven understanding of how to grow and scale operations (including sales) in many types of companies and markets. MPG’s team of senior advisors will assist PIFR in analyzing acquisition opportunities that have unique offerings to build a world-class group of companies for PIFR that address the nutraceutical marketplace. This will allow PIFR to quickly grow its operations and establish a leadership role in the nutraceutical market”, said Kareem Davis, CEO of and President of Premier Information Management Inc.

“We elected to partner with MPG because of their strong roots in multiple markets, where PIFR will supply the highest quality products to patients. Having Modern Products Group manage and direct the PIFR group of companies will allow for quick responses to changing market dynamics, bringing the most unique and effective product offerings to the forefront. In addition, they (Modern) have established an advisory consulting group that allows PIFR to take advantage of their unique auditing service coupled with the management and sales expertise, to increase profits of all PIFR’s future acquisitions. We look forward to creating one of the most reputable and trusted companies in the nutraceutical market by offering wonderful products that help people live productive lives,” continued Mr. Davis.

About Modern Products Group (MPG); www.modernproductsgroup.com

Modern Products Group is a Nevada-based company headquartered in Las Vegas, with a presence in Portland, OR, and New York State. It was formed by a group of executives who, combined, have over 100 years of experience and expertise in the cannabis industry, publishing, product distribution, acquisitions, sales, and marketing. MPG’s focus is assisting enterprises and conglomerates in building and planning acquisitions and management strategies for establishing a leadership position in their chosen markets. A key element of these strategies is the acquisition of companies that together form a complete vertical in a market. This allows economies of scale leading to increased revenues and profits within the chosen market. MPG, through its arrangement an advisory group of more than a dozen consultants who are in the top 10% of their fields, provides training of the existing management of the entities in successful methods for managed scaling, increasing sales distribution, and increasing profitability for each entity and the entities as a whole.

About Premier Information Management Inc (PIFR)

PIFR is a public company that specializes in acquiring companies and products for growth by improving scalability, consistency, and efficiency of product production and distribution. PIFR also has an advanced program and plan for identifying and improving commercially available companies within specific markets. PIFR is located in Torrance, California, USA.

Contact Information
Premier Information Management Inc (PIFR) Media Contact
Kareem Davis
On the West Coast- PST
646.296.2717
[e-mail]
www.PIFRgroup.com

Modern Products Media Contact
Hope Knapp
On the West Coast- PST
725.202.5991
media@[e-mail]

[dxg200]

What acquisition? Are you referring to Cannabinoid as the acquisition? I saw they did a press release this AM that they are partnering with someone to do some Acquisitions. They probably should not put website addresses on the PR that are not up and running which is what I noticed when I looked them up.

That said, I have a fair amount of shares in this company and I hope they do make acquisitions that have revenue and assets already. Hopefully that happens soon.

[xtyleradx]

You’re all sleeping. This thing just announced an acquisition and there’s more to come

[xtyleradx]

1.5mil shares went from unrestricted to restricted. Something is going on

[horst]

Anyone else having issues trading this one? It's Pink Current, but the OTC Markets profile says "unsolicited quotes only."

https://www.otcmarkets.com/stock/PIFR/overview

[xtyleradx]

Verified profile and updated descriptions today