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I hardly ever receive any e-mail stock spams anymore either.
Maybe the SEC finally cracked down on them.
I don't even get any in my spam folder.
Phil
PaperProphet... that was the reason I started this board was to do a survey on Spam emails of stocks.
When I started it I was receiving Spam almost every day in my own primary email box. Now two years later I don't receive any? GEE I WONDER WHY.
I used to take the stock list it in IBOX and follow the results. Withing two months all stocks lost between 50-90% and withing a year many were revoked or suspended or RS and changed names.
It is a no brainer that if you receive unsolicited spam the stock is going down for the 10 count..
I hope this board has assisted many with learning how to pull the weeds out. There is many references in the IBOX to do your most basic DD about share counts gagged TA's.
I don't keep track of the spams any more because I think we have proven beyond all doubt that EMAIL STOCK SPAM equals smelly stinken shit and you will lose your money!
regards
Shorts
Former Merrill chief Thain out at Bank of America
Thursday January 22, 10:30 pm ET
By Stephen Bernard and Ieva M. Augstums, AP Business Writers
Thain resigns from Bank of America after word he rushed out bonuses as Merrill lost money
NEW YORK (AP) -- John Thain resigned under pressure from Bank of America on Thursday after reports he rushed out billions of dollars in bonuses to Merrill Lynch employees in his final days as CEO there, while the brokerage was suffering huge losses and just before Bank of America took it over.
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The bonuses were paid before Bank of America's acquisition of Merrill became final on Jan. 1, and while Bank of America was privately telling the government that Merrill was losing so much money that the deal might fall through unless it could get more federal bailout money.
Bank of America later received an additional $20 billion from the government, in part to offset the unexpected Merrill losses. The brokerage lost $15 billion in the fourth quarter and more than $27 billion for the year.
The bonuses, typically paid in January, were instead given in December and totaled $3 billion to $4 billion, the Financial Times reported Thursday. Bank of America would not confirm the size of the bonuses.
Scott Silvestri, a Bank of America spokesman, noted that Merrill was still operating as an independent company at the time the bonuses were paid. Had Thain not acted early, it would have been up to Bank of America to pay or reduce the bonuses later.
Bank of America CEO Kenneth Lewis flew to New York on Thursday to meet with Thain, and within hours the spokesman issued a terse statement saying the two had "mutually agreed that his situation was not working out and he would resign."
The government helped orchestrate the acquisition of Merrill by Bank of America over the same weekend in September that another investment bank, Lehman Brothers, went under, setting off the most intense period of the financial crisis.
The government also promised last week to guarantee about $97 billion in losses on Bank of America's troubled assets, most of it coming from Merrill Lynch.
Thain himself did not accept a bonus last year. Nor did four other top executives at Merrill: its president and chief operating officer, its president of global wealth management, its chief financial officer and its general counsel.
Thain, 53, is a former head of the New York Stock Exchange and a former chief operating officer of investment bank Goldman Sachs. He had been named head of a wealth management division of the merged businesses of Merrill and Bank of America.
In 2007, Thain topped the list of highest-paid CEOs in American business, with a compensation package valued at $83 million, according to an Associated Press analysis. That included a signing bonus and other enticements that helped lure him from the NYSE to lead Merrill.
New York Attorney General Andrew Cuomo has opened an investigation into the bonuses, a person familiar with the probe told The Associated Press on Thursday. The person spoke on condition of anonymity because the investigation is ongoing.
Silvestri said Lewis was aware of Thain's decision to grant the bonuses, and some analysts said the disclosure also increases pressure on Lewis.
Bank of America stock, which was already tumbling Thursday, fell further after reports of Thain's departure but later regained ground. It closed down 97 cents, or more than 14 percent, at $5.71.
Bank of America stock has been among the hardest hit in the financial sector. It has lost almost 60 percent of its value since the Merrill deal went through. The stock is down 85 percent from one year ago.
"From a shareholder standpoint, board standpoint, you would really have to question his judgment," said Jason O'Donnell, a bank analyst with Boenning & Scattergood Inc.
It is unclear who would replace Lewis as Bank of America CEO if he were ousted by the board of directors. Thain was rumored to be most likely to be Lewis' eventual successor, O'Donnell said.
"Clearly Lewis made a bad deal. Thain did a very good job in selling him on the prospects of Merrill," he said. "He needs to take responsibility for that transaction."
At the very least, the payment of bonuses indicates Thain was "completely tone-deaf to the culture of B of A," said Tony Plath, finance professor at the University of North Carolina at Charlotte.
"My surprise is the board gave him an opportunity to resign and didn't just fire him," he added.
A spokesman for Rep. Barney Frank, the Massachusetts Democrat who chairs the House Financial Services Committee, said Frank was "very disappointed to learn this news, and these banks are the toughest people in the world to try to help."
Sens. Johnny Isakson, R-Ga., and Kent Conrad, D-N.D., said at the Capitol that they were not familiar with the details of the situation but that it would be an outrage to award bonuses in advance while the brokerage firm was suffering big losses.
"If it's found to be true that people were taking huge bonuses while accepting government assistance or taking bonuses while their shareholders were taking huge losses, it's unconscionable in my judgment," Isakson said.
Some analysts expected Thain to leave soon anyway. When two huge companies link up, one of the CEOs from the standalone companies usually departs. Bank of America named its general counsel, Brian Moynihan, to replace Thain.
Bank of America has come under criticism for acquiring Merrill and its huge losses, and Lewis has spoken out in the past about his dislike of the investment banking business.
In October 2007, after Bank of America posted a 32 percent drop in third quarter profits, hurt heavily by investment banking results, Lewis said: "I've had all of the fun I can stand in investment banking at the moment. So to get bigger in it is not something I really want to do."
AP Business Writer Ieva M. Augstums reported from Charlotte, N.C.
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THEY DID JUST THAT WITH DIGG
They could halt the stock and arrest all involved and that boards glass would still be half full.
in tears on FFGO
they are charting a .0001 stock on the board.
FFGO - I am gonna do some math here
stock is trading at 0x.0001 and this news that has been issued again today for gazillionith time. so if divvy is .0239 cents. So the market is discounting the news 99.582%. of the market says the stock if it has nothing else which we know is exactly what is has is giving this divvy a 0.418% chance
IM dying now - 60 billion shares out so they have $1.4 Billion cash to distribute. Its magical
The Company is now in a position to confirm that the Extraordinary Dividend "Record Date" and "Pay Date" will be announced shortly; the Company is awaiting completion of the final statutory details from Hurasu Resource Corporation. The Company confirms that the value of this Extraordinary Dividend is in the amount of US$0.0239 for every 1 (one) share of Fortress Financial Group, Inc. held at the "Record Date" to be announced.
Safe Harbor does not apply to penny stocks.
Section 27A -- Application of Safe Harbor for Forward-Looking Statements
b. Exclusions. Except to the extent otherwise specifically provided by rule, regulation, or order of the Commission, this section shall not apply to a forward-looking statement--
1. that is made with respect to the business or operations of the issuer, if the issuer--
C. issues penny stock;
http://www.sec.gov/divisions/corpfin/33act/sect27a.htm
9/ The District Court rejected the first defense because the statutory SAFE HARBOR does not apply to Commission enforcement actions, or to penny stocks, ..., citing 15 U.S.C. §§ 77z-2(b)(1)(c), 77z-2(c), 78u-5(b)(1)(c), and 78u-5(c).
http://www.sec.gov/litigation/opinions/34-53122a.pdf
Spam stock statistic.
If anyone is interested in aggregate returns, several years ago I recorded the stocks which were spammed to me by e-mail for a few week period of time. There were around twenty of them. Tracking them showed that on average they lost about half of their value after around a month and a half after they were spammed.
I also looked at the trading before they were spammed but there wasn't any clear direction there. I expected a slight bias upwards before the stocks were spammed but the sample didn't show that. The prices were fairly random up until that point. My guess is that either most spam is unsuccessful at making the spammers any money or that the spam takes place before someone holding the stock decides they want out. At any rate, the odds seem heavily stacked against anyone who actually buys a stock which was spammed to them.
A couple of years after that, I was going to record and analyze another round with a bigger sample but never got around to analyzing it. I'll paste them here in case anyone wants to try--although generally tickers and names change often at this level so it might be hard after this long. But just in case:
Date: ..... Ticker .....Stated price..."Target"...Actual bid...Actual ask
06/08/06 HYWI.PK .....0.70....4.50....0.45....0.59
06/12/06 FNGP.BO .....-....-....1.65....1.75
07/17/06 SYNI.OB .....0.49....3.00....0.55....0.56
08/09/06 SMKG.PK .....0.13....-....0.16....0.165
08/15/06 CWTD.OB .....0.89....2.00 to 2.30....1.08....1.10
08/18/06 CDPN.PK .....0.40....1.5....0.61....0.62
08/22/06 WWNG.PK .....0.086....-....0.085....0.095
08/23/06 DPER .....0.0048....0.02....0.005....0.0055
08/23/06 NHLG .....0.023....-....0.022....0.024
08/25/06 GCME .....1.72....4.10....1.76....1.82
08/25/06 GGTS .....<.10....0.75....0.11....0.12
08/25/06 PPTL .....0.0138....0.05....0.017....0.0175
08/27/06 LITL .....0.62....3.00....0.68....0.685
08/27/06 AETR .....0.80....-....0.88....0.94
08/28/06 EQTD .....0.015....0.10....0.013....0.016
08/28/06 WBRS.PK .....0.051....0.20....0.055....0.057
08/29/06 ALVN .....0.55....7.00....0.71....0.8
09/01/06 AMSN .....0.003....0.03....0.0032....0.0035
09/01/06 TMXO .....0.38....2.50....0.47....0.48
09/05/06 PGCN .....0.24....1.50 - 2.00....0.27....0.28
09/05/06 NHLG .....0.024....-....0.022....0.024
09/06/06 PSUD .....1.32....4.50....1.07....1.10
09/08/06 KGBC .....0.77....3.00....0.78....0.80
09/10/06 LYJN .....0.17....2.25....20.5....21
09/10/06 HLUN .....0.16....1.00....0.215....0.23
09/11/06 TFZP .....0.45....-....0.45....0.51
09/10/06 FNLH .....0.26....-....0.27....0.28
09/12/06 EQTD .....0.015....0.06....0.13....0.15
09/15/06 TXHE .....0.094....0.40....0.082....0.095
09/15/06 LVCC .....1.25....4.00 to 6.00....1.25....1.3
09/19/06 AUNI .....1.19....3.50....0.665....1.05
09/19/06 CYHD .....0.01....-....0.007....0.0075
09/27/06 KGLJ .....7.00....14.00....7.00....7.08
09/28/06 SPSY .....0.10....0.55....0.07....0.1
09/30/06 BGUE .....0.50....1.50....0.70....0.80
10/02/06 AUNI .....1.04....2.40 - 4.00....1.4....1.5
10/05/06 GDKI .....2.15....15.00....2.87....2.88
10/07/06 SBNS .....0.75....15.00....1.11....1.13
10/10/06 FTRM .....0.70....1.50....0.60....0.70
10/11/06 GLXI .....0.25....-....0.27....0.35
10/11/06 QEGY .....3.30....25.00....3.32....3.35
10/12/06 CDGC .....0.07....-....0.09....0.1
10/13/06 ARSS .....4.10....8.00....2.90....3.05
10/14/06 ARSS .....4.10....8.00....2.90....3.05
10/15/06 ARSS .....4.10....8.00....2.90....3.05
10/18/06 ARSS .....4.10....8.00....2.90....3.05
10/19/06 XTPT .....0.0055....0.04....0.01....0.011
10/19/06 TJSS .....0.225....1.50....0.31....0.32
10/20/06 CWTD .....0.45....2.50....0.43....0.44
10/22/06 RREF .....0.80....2.70....1.60....1.70
11/02/2006 TERX .....0.20....1.20....0.245....0.25
11/04/06 WEXE .....1.02....-....1.05....1.06
Post Unavailable
WOW sounds like investment scammers are having bad hair days all around these day!
======================================================
http://news.yahoo.com/s/ap/20090114/ap_on_re_us/plane_crash_mystery
HARPERSVILLE, Ala. – With his world crumbling around him, investment adviser Marcus Schrenker opted for a bailout. However, his plan to escape personal turmoil was short-lived.
In a feat reminiscent of a James Bond movie, the 38-year-old businessman and amateur daredevil pilot apparently tried to fake his death in a plane crash, secretly parachuting to the ground and speeding away on a motorcycle he had stashed away in the pine barrens of central Alabama.
But the captivating three-day saga came to an end when authorities finally caught up to Schrenker at a North Florida campground where he had apparently tried to take his own life, said Alabama-based U.S. Marshals spokesman Michael Richards.
Schrenker was taken into custody around 10 p.m. EST after officers from the U.S. Marshal's office in Tallahassee, Fla., found him inside a tent at a campground in nearby Quincy, Richards said.
"He had cut one of his wrists, but he is still alive," Richards said.
The missing pilot was tracked down after investigators developed leads that he might be in Florida and forwarded to U.S. Marshals officers there, Richards said.
Schrenker was on the run not only from the law but from divorce, a state investigation of his businesses and angry investors who accuse him of stealing potentially millions in savings they entrusted to him.
"We've learned over time that he's a pathological liar — you don't believe a single word that comes out of his mouth," said Charles Kinney, a 49-year-old airline pilot from Atlanta who alleges Schrenker pocketed at least $135,000 of his parents' retirement fund.
The events of the past few days appeared to be a last, desperate gambit by a man who had fallen from great heights and was about to hit bottom.
On Sunday — two days after burying his beloved stepfather and suffering a half-million-dollar loss in federal court the same day — Schrenker was flying his single-engine Piper Malibu to Florida from his Indiana home when he radioed from 2,000 feet that he was in trouble. He told the tower the windshield had imploded, and that his face was plastered with blood.
Then his radio went silent.
Military jets tried to intercept the plane and found the door open, the cockpit dark. The pilots followed until the aircraft crashed in a Florida Panhandle bayou surrounded by homes. There was no sign of Schrenker's body. They now know they should never have expected to find one.
More than 220 miles to the north, at a convenience store in Childersburg, Ala., police picked up a man using Schrenker's Indiana driver's license and carrying a pair of what appeared to be pilot's goggles. The man, who was wet from the knees down, told the officers he'd been in a canoe accident.
After officers gave him a lift to a nearby motel, Schrenker apparently made his way to a storage unit he'd rented just the day before his flight. He climbed aboard a red racing motorcycle with full saddlebags, and sped off into the countryside.
At 38, Schrenker was at the head of an impressive slate of businesses. Through his Heritage Wealth Management Inc., Heritage Insurance Services Inc. and Icon Wealth Management, he was responsible for providing financial advice and managing portfolios worth millions.
And by outward appearances, he was doing quite well.
He collected luxury automobiles, owned two airplanes and lived in a 10,000-square-foot house in an upscale neighborhood known as "Cocktail Cove," where affluent boaters often socialize with cocktails in hand. In May 2000, he wowed onlookers by flying a special airplane at 270 mph, 10 feet above the water and under two bridges in Nassau, Bahamas.
"This stunt should not be attempted by any pilot that wishes to stay alive," read the caption on a self-made video of the flight posted on YouTube.
He'd come a long way from his humble beginnings in northwest Indiana, where he and his two brothers were raised after their parents' divorce by their mother and stepfather, a Vietnam veteran who worked at U.S. Steel Corp.
But officials now say Schrenker's enterprise was ready to topple.
Authorities in Indiana have been investigating Schrenker's businesses on allegations that he sold clients annuities and charged them exorbitant fees they weren't aware they would face.
State Insurance Commissioner Jim Atterholt said Schrenker would close the investors out of one annuity and move them to another while charging them especially high "surrender charges" — in one case costing a retired couple $135,000 of their original $900,000 investment.
The tangled web of Schrenker's financial affairs began to unravel more than two years ago.
The aviation buff had convinced dozens of active and retired Delta Air Lines pilots — including Kinney — to allow him to manage their retirement accounts. But some of the pilots stopped investing with him after a court case raised questions about his past.
In 2006, with Delta in federal bankruptcy proceedings, he convinced a group of pilots opposed to Delta's move to terminate their pension plan to let him help.
"He had a way about him — you trusted the guy," says David M. Smith, one of the retired pilots. "He was very credible. He talked a good story. So, we entrusted him with a task he never produced."
Two days before the Sept. 1, 2006, hearing at which Schrenker was supposed to testify about an analysis he had done on the pension plan's viability, he suddenly withdrew from the case.
"It happened very fast," Smith recalled. "He literally was a no-show. He literally just disappeared. We were shocked at the whole thing."
The retired pilots were unsuccessful in stopping Delta from terminating the pension plan, and the group accepted a small settlement from the airline.
Smith believes Schrenker may have been running from a past unknown to many of his clients at the time, a past that was disclosed just days earlier in a deposition of him by a Delta lawyer.
"They uncovered things that literally made your jaw open," said Smith, adding that he and other pilots stopped letting Schrenker manage money for them after the deposition. "I believe he was scared to death that Delta was going to expose him."
According to the 156-page deposition obtained by The Associated Press, a judge in a 2003 bankruptcy reported being "deeply concerned" that Schrenker was not disclosing thousands of dollars in monthly income to the court and not reporting the income on his tax returns.
"It is obvious to the court that the debtor has access to a significant cash flow that he is using for his personal benefit that has not been disclosed in this bankruptcy filing and in his personal tax returns," one document reads.
Kinney said he and his parents had invested hundreds of thousands with Schrenker, but considered him more like a family friend than a financial consultant.
Schrenker, his wife and three children vacationed twice at Kinney's parent's lake house on northern Georgia's Lake Lanier. But a few years ago, cracks began to surface in the relationship.
Kinney's brother discovered $60,000 was inexplicably missing from his 85-year-old father-in-law's investment with Schrenker. Schrenker told the family not to worry, that the money was still there in complex financial statements.
"It's still the most disgusting thing I've been a part of — to know that someone let you hold their new baby on one side and was basically stealing you from on the other," Kinney said.
In recent weeks, Schrenker's life began to spin out of control. According to documents in a lawsuit filed in Indianapolis, Schrenker sent a frantic e-mail to plaintiffs on Dec. 16.
"I walked out on my job about 30 minutes ago," it read. "My career is over ... over one letter in a trade error. One letter!! ... I've had so many people yelling at me today that I couldn't figure out what was up or down. I still can't figure it out."
It's unclear to what "error" he is referring. In another e-mail to a neighbor following his disappearance, Schrenker made reference to having "just made a 2 million dollar mistake." But it appeared he was hoping to work things out.
"I'd rather lose everything than screw a person out of a dime," he wrote to the plaintiffs in the Indianapolis case.
But things were now out of his hands.
On Dec. 31, officers searched Schrenker's home, seizing the Schrenkers' passports, $6,036 in cash, the title to a Lexus and deposit slips for bank accounts in Michelle Schrenker's name, as well as six computers and nine large plastic tubs filled with various financial and corporate documents.
In the supporting affidavit, investigators suggested Schrenker might have access to at least $665,000 in the offshore accounts of a client.
But it wasn't just his finances that were in turmoil.
Just a day before, Michelle Schrenker had filed for divorce. She told the people searching the house that her husband had been having an affair and had moved into a condominium a week earlier.
Schrenker's mother is just happy to know that he is alive. She hopes whoever finds him will treat him well and give him a chance to explain what he did and why.
"Sometimes we just all have too many problems," Marcia Galoozis said at her home outside Gary, Ind. "And I don't know what all his problems are, but sometimes we just don't think straight, get our heads twisted on wrong."
Hours after Schrenker vanished, neighbor Tom Britt received what he believes is an e-mail from Schrenker.
Despite the fact that no blood was found in the plane, Schrenker suggests in the note that the crash was truly an accident and blamed oxygen deprivation.
"Hypoxia can cause people to make terrible decisions and I simply put on my parachute and survival gear and bailed out," the e-mail reads.
Happy New year to all. WOW I am impressed. investorshub is suing some paid promoters that have clearly abused and violated Security laws to deceive and Scam the public investing community for many years!
============================================================
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=25321652
http://ihubrules.0catch.com/docket.htm
Here is one for ya. the owner of Expedite Ventures is Tim Doherty. His websites are:
www.expediteventures.com
www.aheadofthebulls.com
www.wallstreetgrapevine.com
www.pamplonapicks.com
www.otcwarriors.com
www.straightupstocks.com
www.europicks.eu
http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=2008812260338
Webster man charged with role in National Lampoon stock scheme
Gary Craig • Staff writer • December 26, 2008
A Webster resident is accused of engaging in a stock scheme designed to fraudulently pump up the value of National Lampoon stock.
Timothy Dougherty was arrested last week by the FBI and charged in Philadelphia for what federal authorities allege was his role in the stock fraud.
Among those criminally charged was Daniel Laikin, National Lampoon's chief executive officer, who resigned his post after his arrest.
National Lampoon is the company that once created the infamous satirical magazine and gave birth to the comedic series of Vacation movies starring Chevy Chase and the classic Animal House.
But in recent years officials at National Lampoon, which has created largely unknown movies with titles such as Barely Legal, have worried that the company was slipping from irreverence to irrelevance. Authorities allege that Laikin feared the company's future was so bleak that he manufactured a stock scam.
Dougherty, 29, was one of the accomplices, federal authorities say.
According to court papers, Laikin and others tried to create a stock ruse to make it appear the company's stock was a hot property. Between 2006 and the end of January 2008, the company had lost more than $11 million, records show.
Laikin and Dennis Barsky of Las Vegas, who also faces criminal charges, paid others "to cause the purchase of at least 87,500 shares of National Lampoon stock for the purpose of creating the appearance of an active and liquid market, inducing other investors to purchase stock, and ultimately increasing the stock's trading price," according to a civil suit from the federal Securities and Exchange Commission.
Among those involved in the stock manipulation was Dougherty, prosecutors and SEC regulators allege.
In March, Dougherty, who operated several financial consulting companies, used money provided by Laikin through an intermediary to buy National Lampoon stock in huge amounts, authorities say.
In March and April, he purchased or assisted with the purchase of almost 62,500 shares through at least 10 transactions, authorities allege. During that time, National Lampoon stock sold for between $1.55 and $2.09.
"Each day's purchase (by Dougherty) represented from 5 to 59 percent of that day's total trading volume" in National Lampoon stock, the SEC alleges in its civil suit against Laikin, Dougherty and others.
Dougherty was paid kickbacks for his role, court papers allege, but it appears he stopped working with the co-conspirators because they thought he didn't do enough to boost National Lampoon's value. In late April, some of those who'd contacted Dougherty reached out to another prospective stock manipulator who was secretly working with the government.
With the assistance of the informant, authorities built the criminal case, said Assistant U.S. Attorney Derek Cohen in Philadelphia.
SEC attorney David Horowitz said the plot appeared to be spurred in part by the threat of delisting National Lampoon stock. "They had been in danger of being kicked off (the stock exchange)," he said.
Dougherty has pleaded not guilty to the federal charges and is free on $100,000 bail, records show. He could not be reached for comment. Calls left at a telephone number recently listed as his were not returned.
Monroe County records show that in 2005 Timothy Dougherty pleaded guilty to possession of stolen property after he purchased a database pilfered from a telemarketing company that raised money for charities. Dougherty ran a competing call-center operation. While it could not be determined whether this is the same Dougherty facing federal charges, the man charged in Monroe County worked out of the same office building and is the same age as the man arrested in Philadelphia.
Jason Kafer, the man who sold Dougherty the charity database in 2005, told authorities then that he'd heard Dougherty had decided to change professions, records show.
"Tim (Dougherty) decided to abandon the whole call center idea and has since moved on to strictly doing his stock trading as far as I know," Kafer said.
Job Vacancy
From: LouvreTec Products Ltd (Job@louvretec.co.nz)
Medium riskYou may not know this sender.Mark as safe|Mark as unsafe
Sent: Thu 12/18/08 6:13 AM
To: XXXXXXXXXXXXXXXXXXXXXX
Dear Sir/Ma,
Louvre Tec Products Ltd has grown to become a market leader in the design, manufacture & installation of a range of Aluminum Opening Roofs, Sun Louvres & Shutters. Many of our systems are multi-functional.
Established in 1996, Louvre Tec Products Ltd is a New Zealand owned company and operates from custom built premises on Auckland’s North Shore. Louvre Tec Products Ltd is available nationwide and worldwide. Research and Development play a vital role in the Louvre Tec Products Ltd story. All Louvre Tec Products Ltd’s products are fully engineered and tested for reliability.
Louvre Tec Products Ltd offers a full sales and installation service and will provide design ideas to complement your project. We need representatives in the United States/UK who will be in charge of all our payments from the United States and United Kingdom clients/customers.
Most of our customers from United States and United Kingdom pay through Bank Wire Transfer and Certified Checks which are not negotiable here in New Zealand. This brings our quest to employee a credible and trustworthy fellow as our representative to handle our payments. This would not affect your present job but serve as another stream of income to your good self. Being our representative and assisting us in processing the payments from our clients shall earn you a weekly salary and commission of about 10% of every payment you assist us with.
Due to the fact that we can not process the US/Uk Bank Transfers here in the New Zealand, we have lost in the past about £85,000 of net income each month because of money transfer delays. Most of our clients/customers who purchase our products need to pay large amount of money through their Bank wire transfer account and this is the reason we also need a representative who has eligible account to receive money for our company.
Your task is to coordinate payments from our customers and help us with the payment process. You are not involved in any sales.
If you are interested, email us back for more information
Regards,
Louvre Tec Products Ltd
Auckland’s North Shore
http://www.louvretec.co.nz
PRESS RELEASE
National Lampoon, Inc. Announces Charges Relating to SEC Investigation
Last update: 8:30 p.m. EST Dec. 16, 2008
LOS ANGELES, Dec 16, 2008 (BUSINESS WIRE) -- National Lampoon, Inc. (NYSE Alternext US: NLN) announced today that on December 15, 2008 the United States Securities and Exchange Commission (the "Commission") issued a release stating that it had charged seven individuals and two corporations with engaging in three separate fraudulent schemes to manipulate the market for publicly traded securities through the payment of prearranged kickbacks. The defendants include National Lampoon, Inc. and Daniel S. Laikin, the company's chief executive officer, as well as stock promoters, a consultant, and an officer of another company. Also on December 15, 2008, the United States Attorney for the Eastern District of Pennsylvania separately announced criminal charges involving the same conduct.
The Commission's complaint alleges that, from at least March 2008 through June 2008, Mr. Laikin and others engaged in a fraudulent scheme to manipulate the market for the company's common stock. Specifically, the Commission has charged that Mr. Laikin and others paid kickbacks in exchange for generating or causing purchases of the company's common stock to a stock promoter and others to give the false impression of a steady demand for the stock.
The complaint alleges that Mr. Laikin and others paid at least $68,000 to cause the purchase of at least 87,500 shares of the company's common stock. In addition to paying others to purchase the stock, the complaint alleges that Mr. Laikin shared confidential financial information regarding the company, non-public news releases, and confidential shareholder lists, and coordinated the release of news with the illegal purchases in the stock. The complaint also alleges that the company and Mr. Laikin made materially misleading statements in a tender offer.
The complaint alleges violations of Section 17(a) of the Securities Act of 1933, Sections 9(a)(2), 10(b) and 13(e) of the Securities Exchange Act of 1934 and Rules 10b-5 and 13e-4 thereunder. The complaint seeks permanent injunctions against all defendants, disgorgement of ill-gotten gains, together with prejudgment interest, and civil penalties, from the individual defendants, and an officer and director bar against Mr. Laikin.
Trading in the company's common stock has been suspended by the Securities and Exchange Commission through December 29, 2008.
SOURCE: National Lampoon, Inc.
National Lampoon, Inc.
Lorraine M. Evanoff, (310) 474-5252 x115
SEC goes after another pos scammer:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20830 / December 15, 2008
SEC v. Pinnacle Business Management, Inc. et al., Civ. No. 8:02-CV-822-T-EAJ (M.D. Fla.)
SEC Seeks Contempt Against Jeffrey G. Turino for Violating Penny Stock Bar and Obtains Ex Parte Asset Freeze and Extension of Penny Stock Bar
The Commission announced today that, following an ex parte hearing held on December 4, 2008, Judge Elizabeth A. Kovachevich of the U.S. District Court for the Middle District of Florida issued an order directing Jeffrey G. Turino to show cause why the Court should not hold him in contempt for violating a five-year penny stock bar entered against him on December 5, 2003, as part of a settlement of an earlier Commission enforcement action. The penny stock bar prohibited Turino from participating in any penny stock offering. In the December 4th order, the Court finds that the Commission had made a sufficient and proper showing that Turino had violated this bar by participating in penny stock offerings of Biotech Medics, Inc., Equitable Mining Corp., Global Diamond Exchange, Inc., Grand Entertainment and Music, Inc. and OMDA Oil and Gas, Inc. The Commission had previously issued orders temporarily suspending the trading in the securities of two of these companies, Equitable Mining Corp. and Global Diamond Exchange.
The order directs Turino to show cause why the Court should not hold him in contempt, should not require him to disgorge the unlawful proceeds from selling shares obtained in penny stock offerings, and should not make him subject to a permanent penny stock bar. Further, the order freezes certain bank and brokerage accounts held or controlled by, or in the name of Melissa Spooner, Robert Leslie, Mountain Passages, Inc., Austin Funding, LLC and CRL Holdings, Inc. Finally, the order extends the penny stock bar against Turino pending a final hearing on the show cause order.
The penny stock bar against Turino resulted from the Commission's May 8, 2002, enforcement action against Turino, Vincent Lo Castro, and a company they controlled, Pinnacle Business Management, Inc. SEC v. Pinnacle Business Management, Inc. et al., Civ. No. 8:02-CV-822-T-EAK (M.D. Fla.) The Commission's complaint alleged that Turino and the other defendants had made materially false and misleading statements in connection with a proposed spin-off of a Pinnacle business division, and charged them with violating the antifraud provisions of the federal securities laws (Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder). On December 5, 2003, Turino consented to the entry of a final judgment that permanently enjoined him from further violations of these provisions and imposed a $60,000 civil penalty, a permanent officer and director bar, and a five-year penny stock bar.
For additional information, see below:
Litigation Release No. 17507 (May 8, 2002) (Filing of Enforcement Action Against Turino, Lo Castro, and Pinnacle Business Management, Inc.)
Litigation Release No. 18506 (December 15, 2003) (Settlements with Turino, Lo Castro and Pinnacle Business Management, Inc.)
Exchange Act Release No. 34-58271 (July 31, 2008) (Suspension of Trading in the Securities of Global Diamond Exchange, Inc.)
Exchange Act Release No. 34-55420 (March 8, 2007) (Suspension of Trading in the Securities of Equitable Mining Corp.)
http://www.sec.gov/litigation/litreleases/2008/lr20830.htm
RCMP arrests another criminal scumbag stock promoter:
Stock market manipulation results in criminal charges
WINDSOR, ON, Dec. 15 /CNW/ - The Toronto Integrated Market Enforcement
Team ("IMET") of the Royal Canadian Mounted Police arrested and charged Petar
VUCICEVICH, age 43, of Harrow, Ontario, with two counts of Fraud. Restraining
Orders for 11 real properties, in the Colchester, Ontario area, were also
obtained.
The investigation began following a referral from the Ontario Securities
Commission ("OSC"). The charges relate to allegations that between July 31,
2006 and December 31, 2006, VUCICEVICH orchestrated and participated in the
market manipulation of the shares of Sulja Bros. Building Supplies Ltd.
("Sulja"). Sulja is owned by Sulja Brothers Building Supplies Ltd. ("Sulja
Brothers"), a small lumberyard located in Harrow, Ontario. During the time the
alleged fraud was perpetrated, Sulja was a publicly traded company quoted on
the Pink Sheets in the United States under the symbol "SLJB".
It is alleged that VUCICEVICH, as the interim President, CEO and
controlling mind of Sulja Brothers, caused a number of false and/or misleading
press releases to be issued in order to generate and sustain interest of
prospective investors in shares of Sulja. Additional shares were issued
directly from treasury without cost to VUCICEVICH. The shares were
subsequently sold for profit on the public market through accounts allegedly
held by nominees. The profits generated from the trading of these shares was
in excess of $11.5 million(USD). Police allege that a portion of the proceeds
of the fraud were used to purchase the properties for which the Restraint
Orders were made. The properties under restraint are valued at in excess of $1
million dollars(CDN).
After taking control of Sulja Brothers, police believe the company was
depleted of assets and it ceased operations earlier this year, putting the
company's thirty (30) employees out of work. A new location was opened in
Calgary, Alberta and was to be known as Premium Building Supplies, however,
the business never became operational.
During the two year investigation, Toronto IMET investigators seized
volumes of documentary evidence and interviewed many witnesses including
former employees and owners of Sulja Brothers, business associates, creditors
and investors.
Since December 22, 2006, Sulja Brothers, VUCICEVICH and others have been
the subject of a Temporary Cease Trade Order issued by the OSC. A hearing on
the merits in this matter is scheduled to commence on November 16, 2009 before
the OSC.
VUCICEVICH will appear in court in Windsor later today.
IMET is part of the RCMP's Financial Crime Program and was created to
protect the integrity of the Canadian economy and its capital markets. IMET
brings together specialized investigative skills from the RCMP and
participating agencies. The objective of IMET is to maintain investor
confidence in Canada's capital markets by deterring market fraud and theft
through enhanced enforcement and prosecution of serious market fraud and theft
offences in Canada. The investigative work of IMET complements the work of the
financial markets' regulatory organizations.
"Frauds of this nature have a destabilizing effect on the economy and
shake investor confidence in the capital markets. This particular matter had a
devastating effect on the micro economy in the small town of Harrow. Thirty
people lost their jobs and investors lost a substantial amount of money", said
Superintendent Kevin Harrison, the Officer in Charge of Toronto IMET.
He added, "We hope that the laying of criminal charges in this case sends
a clear message to perpetrators that the IMET's will aggressively investigate
complaints of this nature and, with the assistance of the Attorney General for
Ontario, vigorously prosecute the offenders. We also hope that the restraint
of the properties, a first for the IMET Program, will send a message to
fraudsters that we will also pursue their ill gotten gains."
Integrated Market Enforcement Teams are also located in Vancouver,
Montreal and Calgary as part of the Government of Canada's strategy to combat
serious capital market fraud in Canada.
For further information: Sgt. Marc LaPorte, RCMP "O" Division Media
Relations, Office: (519) 640-7302, Cell: (416) 992-4409
yikes! That's really scary
Third of Hedge Funds Face ‘Wipe Out’ After Slump, Godden Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=agmxqxRJfrCI&refer=worldwide
Dec. 15 (Bloomberg) -- Almost a third of hedge funds will shut or merge after the $1.5 trillion industry posted its worst ever performance this year, according to IGS Group, which advises hedge funds on raising money.
“The failure rate is going to go up, the closure rate is going up, and the merger rate is going up,” IGS Chief Executive Officer John Godden said in an interview in London. “It’s going to be a 30 percent wipe out.”
The number of hedge funds more than tripled in the last decade to a record 10,233 at the end of June, according to Chicago-based Hedge Fund Research Inc. That number will likely tumble after funds dropped 18 percent in the year through November, the worst year since HFR started its Fund Weighted Composite Index in 1990.
IGS will team up with Grisons Peak, a financial advisory firm to start Alternative Investment Management Banking, a firm that will advise hedge fund managers on mergers. Godden and Paul Sullivan, a partner at Grisons Peak, will oversee the venture, with each firm contributing three to four employees. The firm aims to advise on six to eight transactions next year.
Hedge funds typically charge a 2 percent management fee and keep 20 percent of profits, while funds-of-hedge-funds typically charge 1 percent and 10 percent of profits. Profits are usually based on high-water marks that could take years to reach again.
Many funds may have been “cavalier” about actually charging management fees, giving rebates to large investors or distributors on the expectation the fund manager would more than make up the shortfall through performance fees, said Godden.
‘Crowded Space’
Prime brokers, the banks that provide loans and handle fund administration, are cutting off firms they don’t expect to be profitable clients, Godden added. Hedge funds will need to manage at least $300 million in assets, up from $100 million a year ago to stay in business, Sullivan said.
Funds of hedge funds, in particular, are likely to combine, Godden added. There are roughly three funds-of-funds for every single hedge fund, up from one to seven in 2001, according HFR.
“And even one to seven was too many,” said Godden. “It’s a very, very crowded space with way too much overlap. The only thing that would threaten it was a change to the economic environment which is what we’ve got.”
Godden and Sullivan said they expect more transactions such as fund-of-fund Pacific Alternative Asset Management Co.’s decision this month to hire the investment team of KBC Alpha Asset Management, adding $700 million in client assets to the $9 billion it already oversaw.
bet they will be now lol
I never understood why hedge funds were NOT regulated by the SEC or other bov't unit....Go figure...
Tina should I get out my Violin and play a sad hedge fund song for all of these Hedge Victums?
SantaShorts
Spam email EAVR
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A large yet quiet part of this new Energy 2.0 plan involves
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it is, many uranium mining companies can't get the credit
they need to increase production. Many analysts see a huge
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With this in mind we bring you our next big play, Endeavor
Explorations Inc. (EAVR)
Sym: EAVR
Current : $0.68 (+17%)
Endeavor Explorations Inc. is a publicly trading junior
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Uranium Properties near Uranium City, Saskatchewan, Canada.
Neaar Tarrget: $1.50
Lonng Tarrget: $5.00
Rating: Strong Bu y
EAVR continues to aggressively advance its portfolio of
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accounts for approximately 25 per cent of the world's annual
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uranium ore deposits in the world.
***NEWS***
ELLINGHAM, WA, Dec. 12 - Endeavor Exploration Inc. is pleased
to announce it has received a NI 43-101 Technical Report on
the Don Lake Property. The report was prepared by Derrick
Strickland, P.Geo. and is available on the companies website.
To sum up: High grade Uraium deposits were found and a
drilling program is getting underway. The market reated to
this news on Friday seding EAVR up 17%. More news and
further appreciation are expected.
We believe this is the right play at the right time.
Traade Smart and Win!
well that depends.....
are you a good stalker or a bad stalker?
I seem to have a good mixture of both ;)
excuse me...would you care for a stalker?
excuse me...would you care for a stalker?
yeah nothing surprises me these days though.
Interesting, isn't it?
Madoff - Did Your Trades Clear? by Karl Denninger
Friday, December 12. 2008
Posted at 07:23
Yeah, the SEC couldn't see that coming.
Uh huh.
Never mind that they were apparently warned several years ago in written communications that Madoff's "returns" were highly abnormal given the published strategies he was using and the numbers he was posting.
Investigate? What's that? Why, that's unamerican!
Now we have $50 billion in fraud and, apparently, $17 billion that is just plain old-fashioned missing. And Madoff's company, just so we're all in the know here, is a market maker on Nasdaq, which means that a lot of other people's money (and shares) pass through his hands.
T+3 will come, but will your shares be there when it does?
Oh by the way, SIPC protection doesn't cover fraud, never mind that its only good for $500,000 anyway, and most of this guy's clients had ten times that much or more with him.
Finally, let us never forget that there is never only one cockroach.
Who knew, who was and is complicit, and how many more cockroaches are behind the wall?
Uh huh.
TNX at 2.5% this morning. Gee, I wonder why?
Lots of, shall we say, inconvenient questions surrounding this one.
http://market-ticker.denninger.net/archives/687-Madoff-Did-Your-Trades-Clear.html
Hedge Funds Are Victims, Raising Further Questions
By MICHAEL J. de la MERCED
Frauds on Wall Street aren’t unheard of. But a $50 billion Ponzi scheme, one that prosecutors say struck at boldface names on several continents, is a bombshell by any standard.
The case against Bernard L. Madoff, the respected longtime trader accused of running one of the biggest frauds in Wall Street history, has been Topic A in the investor community. But close behind is a heated discussion of how the sordid drama will affect the already-battered community of hedge funds and other investment firms — many of which invested with Mr. Madoff.
Mr. Madoff’s case could hardly have come at a worse time for hedge funds. The whipsawing markets and suddenly unfriendly lenders have already taken their toll on high financiers, and many have already suffered what amounts to runs on the bank by investors clamoring to withdraw their investments.
“It can’t help but have the effect of further chipping away at the confidence that the investor community has in the hedge fund industry,” said Ralph L. Schlosstein, the chief executive of Highview Investment Group, a money management firm and a former president of BlackRock. “But like many things that come at moments of fragility, its impact is magnified.”
The collapse of Mr. Madoff’s firm took the vast majority of investors by surprise. Mr. Madoff, once the largest market maker on the Nasdaq stock market, was known for his modest demeanor and, perhaps more important, his steady and overwhelmingly positive returns. That in turn appears to have attracted scores of investors, from Palm Beach country clubs to Manhattan social circles.
It is difficult to map out the swath of damage that the Madoff firm’s collapse is likely to cut through the hedge fund industry, not to mention a wide range of other investors. But among its biggest investors were funds of funds, firms that invest in several hedge funds and are nominally among the most sophisticated judges of character in the industry. Because Mr. Madoff reported consistently positive returns for more than a decade — some say impossibly so — he drew vast amounts of business from them.
Now, the collateral damage is likely to add to the chaos that has already been ravaging hedge funds. Spooked by losses and forced to raise cash quickly as the financial crisis ballooned, investors have sought to pull out their money from hedge funds, causing serious pain, and even some forced closures. A growing list of large, well-known firms have sought to block redemption requests in an effort to stem a mass exodus of investors who now desperately want to get into cash.
In a letter sent Friday, the Citadel Investment Group said it was halting redemptions at its two largest hedge funds through March 31.
Confidence will only weaken further with the Madoff firm scandal, intensifying pain for the industry.
“If you couple this with the deleveraging already, this means one thing: more redemptions,” said Campbell R. Harvey, a professor at the Fuqua School of Business at Duke University.
The losses from the Madoff firm will also raise more questions about how well funds of funds perform due diligence, a concern already magnified by losses in the hedge fund industry.
“Funds of funds that invested in Madoff will get a double whammy,” said Whitney Tilson, who runs the T2 Partners hedge fund. “Not only will they have to take a loss, but they are going to have to do an awful lot of explaining for how they ever got fooled here.”
Indeed, while many investors are asking how regulators could have missed a towering Ponzi scheme, some are beginning to question the whole process of due diligence. Several potential investors had raised questions about Mr. Madoff’s claims of steady returns over the years, but regulators apparently took few steps to investigate.
“Where were the auditors?” asked Bill Grayson, the president of Falcon Point Capital, a hedge fund based in San Francisco. “Where was his chief compliance officer? Where was the S.E.C.?”
Already under heightened scrutiny, the collapse of the Madoff firm is likely to propel calls for greater regulation of the hedge fund industry, beyond the current optional registration with the Securities and Exchange Commission.
What’s more, many investors in hedge funds are likely to ask tougher questions of the managers of these firms. Executives who are loath to disclose their investment strategies — instead running a “black box” model, as Mr. Madoff infamously did — will probably come under increased pressure to open the lid on their operations, at least a little bit.
“I suspect that many investors are going to start asking many more questions of their managers,” Mr. Tilson said. “They will be much less tolerant of black box managers.”
Still, some disagree that Mr. Madoff’s arrest will lead to widespread contagion throughout the industry. Mr. Tilson argued that most investors would see the case as an unusual circumstance whose breadth and brazenness is unlikely to be duplicated. “This is not a Lehman Brothers,” he said.
with bars? lol
i think so...
im pretty sure they call them retirement homes... lol
He can join Bernie Ebbers
I read that last night
wow 70 yrs old!
Do they have senior citizen prisons?
On Wall Street, his name is legendary. With money he had made as a lifeguard on the beaches of Long Island, he built a trading powerhouse that had prospered for more than four decades. At age 70, he had become an influential spokesman for the traders who are the hidden gears of the marketplace.
But on Thursday morning, this consummate trader, Bernard L. Madoff, was arrested at his Manhattan home by federal agents who accused him of running a multibillion-dollar fraud scheme — perhaps the largest in Wall Street’s history.
Regulators have not yet verified the scale of the fraud. But the criminal complaint filed against Mr. Madoff on Thursday in federal court in Manhattan reports that he estimated the losses at $50 billion. “We are alleging a massive fraud — both in terms of scope and duration,” said Linda Chatman Thomsen, director of the enforcement division at the Securities and Exchange Commission. “We are moving quickly and decisively to stop the fraud and protect remaining assets for investors.”
http://www.nytimes.com/2008/12/12/business/12scheme.html?_r=1&hp
lol... i crack myself up too
LMFAO... hey, what are ya gonna do "They took a shot"... actually a couple but...
lol... i got jokes too
get it? kill with kindness? omg I crack myself up!
LMAO! I so love you! lololol
smart alleck!
Good afternoon, Spam and Scam stocks (email/Spam/Scam)'rs!!!
lol... thats awful... haha
Hi Phil
I've always appreciated your candidness lol
Guess those aren't the kind of guys you can kill with kindness lol
Yep,
It can get interesting.
I would never dare to make a specific stock call and take a chance on causing someone to lose money.
There are too many loony toon nut cases out there.
The only call I feel comfortable making is:
Almost all pink sheet penny stocks are garbage and anyone that thinks they are investing instead of gambling when they buy them are idiots.
Phil
amazing stuff isn't it Phil?
My partner tells me all the time, "Tina, all I want to do is build websites...." lol
Colts Neck murder still unsolved
Bodies of two stock promoters were found in mansion in 1999
Posted by the Asbury Park Press on 10/30/06
BY DAVID PORTER
THE ASSOCIATED PRESS
COLTS NECK — The gated mansion with its ornate fountain still sits at the bend of a quiet cul-de-sac, in a spot where the only sound that interrupts the chirping of birds is the occasional distant hum of an airplane passing overhead.
Little has changed outwardly in this tucked-away corner of one of New Jersey's most picturesque communities since the night two stock promoters were found slain on the marble floor of the mansion's dining room, shot multiple times as they reached for their cell phones.
Seven years after the killings, the case remains unsolved. Despite an apparent wealth of potential suspects and some promising leads at the outset, the killers of Alain Albert Chalem and Maier Lehmann have never been found.
"As time goes by on any crime, especially a homicide, the trail gets colder and colder," said former Monmouth County Prosecutor John Kaye, whose office initiated the investigation in concert with the FBI, local authorities and investigators with the Securities and Exchange Commission.
The multi-agency investigation reflected the tangled web of the victims' business dealings, which authorities strongly believe played a part in their deaths. The execution-style killings were widely seen as a sign that the volatile world of small-cap Internet stock trading, which had already been infiltrated by organized crime, was starting to unravel.
The slayings also reverberated through the leafy streets of Colts Neck, a town of horse farms and sprawling homes that had one of the lowest crime rates of any town in the state.
"At the time it was rather shocking for us all here," said Lillian G. Burry, Colts Neck's mayor in 1999. "We're a very quiet, well-manicured, semi-agrarian community. This was the kind of thing you read about in a magazine, not that you'd see in your hometown."
Colts Neck was hardly a stranger to white-collar crime, however. Living across town from Chalem in 1999 was Jeffrey Pokross, a mob-connected stockbroker who was arrested for stock fraud and later helped the government arrest more than 120 people in one of the nation's biggest securities fraud stings. Disgraced penny stock tycoon Robert Brennan, currently serving a federal prison term, owned a stable and golf course in the township, and former New Jersey Devils co-owner Marc Cooper, convicted of swindling clients of his bill-processing firm out of $78 million, also lived there.
"Because it's very quiet, and by virtue of the way homes are laid out and the open spaces, you don't have neighbors knowing what neighbors are doing," Burry said. "From that point of view, if you were thinking of something illicit, it would be a good place to hide out."
The list of Lehmann's and Chalem's potential enemies was lengthy. Lehmann, who lived on Long Island, had cooperated with the government in an insurance fraud case in the early 1990s that led to the arrest of more than 100 people. Chalem had worked at A.S. Goldmen, a corrupt brokerage accused of stealing nearly $100 million from investors, though he was never indicted.
Both men also were heavily involved in promoting stocks on a Web site that was registered in Panama and operated out of Hungary. After the killings there was intense speculation that the two had been involved in "pump and dump" schemes — inflating a stock's price using bogus press releases, taking a profit and then dumping the worthless stock on unsuspecting investors — and had been slain by people they had ripped off.
"A lot of people had bad feelings toward these people, but that didn't mean they killed them," Kaye said. "We went down some very promising paths that in a normal case would have resolved it. One resolution we thought was certain, but our use of DNA confirmed this person had nothing to do with it."
Whoever killed Lehmann and Chalem on the evening of Oct. 25, 1999, left little behind. At one point, investigators reportedly tried to get human DNA samples from two dogs that were in the mansion at the time, but that proved fruitless.
"There was very little evidence left at the scene," Colts Neck Police Chief Kevin Sauter recalled. "Months later, someone came back and said someone may have dumped a gun in a pond, and we had a team come out, but they didn't find anything. Since then it's kind of died out, as far as leads go."
Long Island attorney Alexander Novak, who had represented Lehmann in a securities case, said he has a theory about the killings based on conversations with his client.
Investigators never interviewed him formally, Novak said last week. Even today, he declines to divulge details of the conversations with Lehmann, citing ethical constraints.
Meanwhile, the house at 3 Bluebell Road is still owned by Russell Candela, whose daughter, Kimberly Scarola, lived with Chalem at the mansion but was in Florida with her son from a previous marriage on the night of the slayings. A phone number is listed for Scarola at the address, but she did not return messages.
The Monmouth County prosecutor's office would only confirm that the investigation is still open.
Novak, for one, is not optimistic.
"It sounded like an extremely professional hit," he said. "It sounded like the perpetrators were on a plane back to Eastern Europe before they even found the bodies."
Copyright © 2006 Asbury Park Press. All rights reserved
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=22965513
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Welcome to the Spam and Scam Stock Message Board!
The Spam & Scam Stock message board is intended to share info on stocks that are currently being spammed to the public by e-mail, fax, phone and internet message boards through "stock awareness" or "promtion" companies paid to "pump" a stock for the benefit of company officers.
Typically, these are the riskiest stocks since the companies are deliberately paying people to "pump" the share price to enable company officers sell stock to the unsuspecting public. Unfortunately, people buying these hyped stocks will become the next generation of BAG HOLDERS
Be advised that many stock promotions sent to the public are usually distributed by unidentified individuals seeking to defraud the public. Investors are encouraged to use care and Due Diligence (DD) in their investment decisions, as mass spam campaigns are commonly used by unscrupulous promoters in “pump and dump” schemes.
In most cases, these securities promoters and those who finance them hope to turn a quick profit when unsuspecting investors buy stocks based on unsupported or spurious claims/press releases - leading the stock's market value to plummet as soon as these promotional activities cease. Always remember that these promoters are front runners and already have received stock that they will be dumping on the unsuspecting investment community.
Internet Fraud: How to Avoid Internet Investment Scams: http://www.sec.gov/investor/pubs/cyberfraud.htm (Read before YOU LOSE ALL OF YOUR MONEY on "Pink Sheet" stocks that don't file earnings reports with the SEC.
Pump-and-Dumpers Face up to 10 Years in Jail after Stealing More than $20 Million (Sep, 14, 2007): http://investorshub.advfn.com/boards/read_msg.asp?message_id=22889376
Beware of the Penny Stock Hype: http://investorshub.advfn.com/boards/read_msg.asp?message_id=22799151
Internet Message Boards: Pump and Dump operations rely heavily on deceiving "suckers" on the stock message boards. The relationships of stock message board companies and Penny Stock "promotion" companies appears to be growing: http://investorshub.advfn.com/boards/read_msg.asp?message_id=22443933
Junk Faxes: Pump and Dump operations continue to use "junk faxes" even in the age of emails.
* http://www.junkfax.org/index.html (Junk Fax.org - Dedicated to Helping Stop Junk Faxes)
*The owner of this web site has sued several Pump and Dump operations for spamming his fax machine.
* http://www.junkfax.org/fax/profiles/wsp/wsp.htm (Largest Pump & Dump via Fax in US history)
Take Action - Forward Spam Emails & Faxes To The Authorities:
SEC Email: enforcement@sec.gov
Pinksheets.com Email: info@pinksheets.com; issuerservices@pinksheets.com
UCE Email: spam@uce.gov
FBI Web site: http://www.fbi.gov
DOJ Web site: http://www.usdoj.gov (Dept of Justice)
Canada Securities Administrators (CSA): http://www.csa-acvm.ca/html_CSA/invinfo_spam_emails.html
Check PinkSheets.com For Stock Ratings BEFORE You Decide Buy!!!: http://www.pinksheets.com/pink/otcguide/categories.jsp
Caveat Emptor: BUYER BEWARE. There is a public interest concern associated with the company, which may include a spam campaign, stock promotion or known investigation of fraudulent activity committed by the company or insiders. During a spam campaign, any stock that is not in the Current Information category will also have its quotes blocked on pinksheets.com.
"Watch Out For The Skull And Crossbones": http://www.washingtonpost.com/wp-dyn/content/article/2007/07/28/AR2007072800047.html
No Information: Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months.
This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
Limited Information: Is designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to meet Pink Sheets' Guidelines for Providing Adequate Current Information.
Current Information: Indicates reporting companies that submit filings to regulators with powers of review and that make the filings publicly available or non-reporting companies that make current information publicly available on the Pink Sheets News Service. The Current Information category is based on the level of disclosure and is not a designation of quality or investment risk. This category includes shell or development stage companies with little or no operations as well as companies without audited financials and as such should be considered extremely speculative by investors.
OTCQX: Companies worthy of investor consideration that have operating businesses, audited financials and provide credible disclosure to the public can qualify for the OTCQX premium market tier. Designed to meet the particular needs of small to medium-sized U.S. public companies and foreign stock exchange-listed companies, OTCQX aims to raise the visibility among U.S. investors of OTC traded companies that have strong operating models and that provide high-quality disclosure to the marketplace. For more information on OTCQX, please see www.otcqx.com.
"The SPAM & SCAM Sniff Test"
In order for a stock to be listed on the Spam and Scam Stock Board, it must meet one of the following criteria:
1. Received an unsolicited Spam email or Fax in the last month.
2. Quotes blocked and the promotional activities warning up on the pinksheets Quote page.
3. Recent merger, revere split, and/or issued restricted shares in exchange for free trading shares.
4. Recent suspension from trading, in default or Revoked with their state of corporation.
Educational Resources to Learn about SPAM & SCAM Operations:
http://www.spamnation.info/stocks/index.php
http://www.investorshub.com/boards/board.asp?board_id=610
http://www.sec.gov/litigation/suspensions.shtml
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
http://www.sec.gov/edgar/searchedgar/webusers.htm
http://www.sec.gov/investor/pubs/microcapstock.htm
http://www.law.uc.edu/CCL/33Act/sec17.html
http://www.pinksheetstocksblog.com/
Spam Stock List: http://www.crummy.com/features/StockSpam/reports/?C=M;O=D
Penny Stocks Being Shorted: http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=usa&tag=United%20Stat....
Short Interest Links:
http://otcbb.com/asp/OTCE_Short_Interest.asp
http://www.pinksheets.com/marketactivity/reg_sho_list.jsp
Verifty The Company Is Still Incorporated:
COLORADO: http://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do
DELEWARE: http://corp.delaware.gov (See Services - General Information)
FLORIDA: http://oss.dos.state.fl.us (See Corporations)
GEORGIA: http://www.sos.state.ga.us/corporations
ILLINOIS: http://www.ilsos.gov/corporatellc
MASSACHUSETTS: http://corp.sec.state.ma.us/corp/corpsearch/corpsearchinput.asp
NEVADA: http://www.sos.state.nv.us (Click on or scroll over Commercial Recordings then select Business Entity Search)
NEW YORK: http://appsext8.dos.state.ny.us/corp_public/corpsearch.entity_search_entry
OREGON: http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.login
UTAH: http://corporations.utah.gov (Scroll over or click on searches then select Business Entity)
WASHINGTON: http://www.secstate.wa.gov/corps/
WYOMING: http://soswy.state.wy.us/
Gagged Transfer Agents = TROUBLE - STAY AWAY:
Why? Companies that won't allow stock transfer agents to release outstanding share figures are probably selling tons of shares to pay their corporate salaries or wosre.
Select American Transfer Company (Closed - Allegedly Selling Counterfeit Shares)
118, Finch Avenue West, Suite 35
Toronto, Ontario M2N 7G2
Phone: 647.722.9581 Fax: 647.723.0366
First American Stock Transfer Company
706 E Bell Rd, Suite 202
Phoenix, AZ 85022-6642
Phone: 602.485.1346
Transfer Online, Inc
317 SW Alder Street, 2nd Floor
Portland, OR 97204
Phone: 503.227.2950 FAX: 503.227.6874
Integrity Stock Transfer
2920 N Green Valley Pkwy
Las Vegas, NV 89120
Phone: 702.317.7757
Very Informative Message Boards on Penny Stocks:
Dump The Pump: http://www.investorshub.com/boards/board.asp?board_id=9311
FAKE: http://www.atomicbobs.com/index.php?board=276
Market Scams: http://investorshub.advfn.com/boards/board.asp?board_id=610
Reverse Split Repeat Offenderss (RS/RO): http://investorshub.advfn.com/boards/board.asp?board_id=3017
iHub's Pump & Dump Hall of Fame: http://investorshub.advfn.com/boards/board.asp?board_id=9580
CEOs of Scam Companies: http://investorshub.advfn.com/boards/board.asp?board_id=9937
Scammy CEOs: http://investorshub.advfn.com/boards/board.asp?board_id=8927
BagHolders (SCAM): http://investorshub.advfn.com/boards/board.asp?board_id=2537
Disclaimer
This message board, and its moderators, are not associated with any publicly-traded companies, stock promotion companies or third-party relations to stock promotion companies.
All messages, including iBox content, are only the opinion of the poster, are no substitute for your own research, and should not be relied upon for trading or any other purpose.
Please review the Investors Hub Terms of Service (TOS) for message posting rules. Posting on internet message boards is not anonymous and you can be held liable for spreading false and misleading information about people and companies. Post at your own risk.
TOS Refresher: http://investorshub.advfn.com/boards/complex_terms.asp
For more information about investing, Internet fraud, and micro-cap stocks, please visit the following SEC web sites:
http://www.sec.gov/sitemap.shtml
http://www.sec.gov/investor/pubs/cyberfraud.htm
http://www.sec.gov/investor/pubs/microcapstock.htm
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