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how did i steal stock? the transfer agent issued stock based on directives from the company and preexisting warrants. ramon stopped this from having a mm and he stole the software and is using it for his buscar company
Tom,
that was before he found out he was dealing with a crook like you.
The court was pretty straight forward about who the crook was and it was low life TOM. Everybody on this board KNOWS WHAT A LOW LIFE YOU ARE.
WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL===
and pour cement on him.
READ BELOW
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Tom,
that was before he found out he was dealing with a crook like you.
The court was pretty straight forward about who the crook was and it was low life TOM. Everybody on this board KNOWS WHAT A LOW LIFE YOU ARE.
WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL===
and pour cement on him.
READ BELOW
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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but see guys why wouldnt they go after ramon toledo arnaiz, since he is the ceo
Additionally, the company will hire an accounting firm to provide the necessary filing to be listed on the Over the Counter by mid 2007.
Toledo said, "Mr. Carlos Escalante has joined the new management team as Chief Financial Officer (CFO). Carlos is the co-founder and CEO of Viastara, LLC and is the shaper of our value-oriented corporate culture. Due to his congenial personality, unique salesmanship and wide network of industry contacts in Mexico and Latin America, he has shaped Viastara into a profitable international business in less than a year. Viastara's value proposition is based on Carlos's many years of building and managing relationships in Mexico and beyond. Now, SearchGuy will leverage these relationships to connect its represented brands into the Mexican market quickly and effectively. Carlos has served for six years as General Manager for Mexico and Latin America at Gateway Computers, Inc. He was responsible for all operations, strategy and business development activities in that region. In a relatively short period, he obtained the representation of leading U.S., Canadian, and English brands in the consumer electronics and accessory market. He has successfully connected these products into the Mexican market and gained significant presence at the major retail and industry distribution channels. Carlos holds an MBA from Columbia University and a Bachelor of Science Degree in Accounting from San Diego State University. He is a Certified Public Accountant in the State of California and was a pioneer in facilitating the intricacies of NAFTA.
We also welcome Mr. Eric Willis, who has joined SearchGuy as our Chief Technology Officer. His knowledge and expertise will add strength to our IT support. Eric Willis is primarily focused in the technology / marketing / strategic integration areas. Having over 8 years of experience with Search engine technology, Eric is a great addition to the SearchGuy team. One of his talents lies in spotting new areas of opportunity in emerging technologies, especially web based, and trends other technology entrepreneurs have either yet to see or are unable to capitalize on without significant capital expenditures or development time. He prefers working on technology ventures that require no physical products or storage and instead offer automated services with a much lower overhead. This philosophy has allowed him to develop highly profitable companies and web based applications in the areas of emerging technology and online marketing with very little seed capital or cost of maintenance. It has also allowed him to spot trends using information retrieval and analysis on a large scale and then capitalize on those trends in each web application and service enhancement. His focus will be in forming a technical platform and strategy by which to create a clear leading market strategy for SearchGuy."
Toledo adds, "We have several new releases slated for the first quarter of 2007: A Spanish meta-search engine, a Chinese meta-search engine, and a social news offering just to name three. We expect 2007 to be a breakout year for SearchGuy. Our first release in the next two weeks will be a very sweeping redesign that is not only a grand increase in usability and navigation for our users, but also provides an exponential increase in speed. We are fully committed to providing our users with a great search experience." Toledo continued, "Going forward, we will maintain a sharp focus on innovating our technology in a way that delivers real user value. We have innovative technology, a strong roster of customers and business partners and an extremely talented group of employees. I look forward to continuing to work closely with our business partners and customers. We are currently positioning SearchGuy to have a lighthouse identify and we will fully reveal that strategy soon. 2007 will reveal a more transparent SearchGuy with a very definitive approach to the marketplace."
In conclusion, Toledo stated: "that he is committed to developing share holder value and has no intention of increasing the authorized shares, causing a reverse merger or any manipulation to dilute the value of SearchGuy." He is obligated to the share holder and has pledged to build value for SearchGuy investors. Toledo also added that he has personally retired all debt including positions held by former management. "We have cleaned the slate and are debt free. We enter 2007 with new management, a fresh approach and feel that the sky is the limit for SearchGuy."
http://www.freshnews.com/news/66605/newport-beach-searchguycom-inc-shgy-announced-its-reorganization-plan-and-resulting-chang
or am i missing something?
I will do the same thing Doc .This low life crooked bastard has stole all the money and stock and left us stockholders holding the bag. He also is posting under 50 dif. names
I will send $100 to The first SEC agent that steps up and goes after Mr Bibiyan.
what?
under the jail? where you from chum..mmp ? one of ramon's buddies, no doubt about it.
=)
LOOKS LIKE THE COURT MADE IT PRETTY CLEAR WHO THE CROOK IS AND IT WAS NOT MR. TOLEDO.
TOM HOW LOW CAN YOU GET? I CAN SEE HOW THE COURT LAID IT ON YOU.
WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
READ BELOW
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
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Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
READ BELOW
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
Back to top Featured Video
Feng & Shan Great Drama Illusion Show
Share PrintEmail RSS
Blog it
WordPress Blog URL: Blog Search Other News Releases in Banking & Financial Services
Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
READ BELOW
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Feng & Shan Great Drama Illusion Show
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Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
Back to top Featured Video
Feng & Shan Great Drama Illusion Show
Share PrintEmail RSS
Blog it
WordPress Blog URL: Blog Search Other News Releases in Banking & Financial Services
Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
Back to top Featured Video
Feng & Shan Great Drama Illusion Show
Share PrintEmail RSS
Blog it
WordPress Blog URL: Blog Search Other News Releases in Banking & Financial Services
Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
Back to top Featured Video
Feng & Shan Great Drama Illusion Show
Share PrintEmail RSS
Blog it
WordPress Blog URL: Blog Search Other News Releases in Banking & Financial Services
Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
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Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
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WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
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Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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Robbins & Myers to Release Fourth Quarter and 2010 Fiscal Year Results on October 6, 2010
Teamsters Welcome Elizabeth Warren Appointment
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Other News Releases in Legal Issues
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
PA Commonwealth Court Rules in Favor of Gaming Control Board and Denies Trump Effort to Get Foxwoods License
John Grisham Advises Future Lawyers To Make Sure Clients Get Fair Trials
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well ramon toledo arnaiz
Thomas Bibiyan responds to false and defamatory press issued by Ramon Toledo
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court.
FOR IMMEDIATE RELEASE
Oct 04, 2010 – Ramon Toledo recently issued press regarding a default judgment found by the courts in his favor for an excess of twelve million dollars. Sadly, no one has informed Mr. Toledo that receiving a default judgment does not necessarily prove and determine guilt on an issue. In this case, an ordinary deposition was missed due to a documented and unfortunate illness, and the case simply and automatically went into default the next day.
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court. Not one single modicum of evidence, public nor private, can be found to implicate Mr. Bibiyan in the false allegations set forth by the frivolous case. He is a victim of blatant malicious prosecution.
Thomas Bibiyan -- all of 27 years of age -- is a known philanthropist and executive producer, having donated hundreds of thousands of dollars in aggregate to the arts and charitable foundations across the country(including the Red Cross and Chabad of California & New York, which remain his favorite causes). When asked for comment, the self-made entrepreneur stated thus:
"If someone sues you for looking at them funny, and you happen to be away and do not respond promptly, the case automatically goes into default. As it happens, it was indeed I who wanted a jury trial, and not Ramon Toledo, as I would have been easily exonerated of the baseless charges by a group of my peers.
Without question, an appeal will be filed, and a case for slander and causing unnecessary emotional distress will be the proper and timely response. In all fairness, it is probably advisable that Ramon Toledo rather focus his time and inheritance on his ongoing tax fraud case between himself and US government (Case No. 07-60341-CIV-COHN/Seltzer.) instead of using his malicious press releases as an unimaginative diversion. "
Prior to filing the civil suit against Mr. Bibiyan, Plaintiff Ramon Toledo(who often goes by Ramon Alberto Toledo and Ramon Toledo Arnaiz, among several other aliases) issued several complaints via counsel and threats of greenmail against Lenny Rachitsky - the CEO - and Mr. Bibiyan(never an officer nor director). Stating primarily that, if the Company were not immediately sold, that a lawsuit would soon commence. Having signed and notarized a settlement agreement, Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .
"Let's end this non-sense" Mr. Bibiyan continued , "I am sincerely extending an offer to meet with me in person for an open forum public debate regarding the transgressions and losses seen by the shareholders at the hands of Mr. Toledo over the last several years. I'm absolutely positive shareholders have grown tired of Mr. Toledo hiding behind his Personal Computer and his counsel in such a cowardly, undignified fashion all these years. All shareholders will be welcome to attend to ask questions of us at the place of Mr. Toledo's choosing. I mean look, he says that 'Busca Corp is unaffiliated' - that is a complete lie; 'Busca' translates to 'Search' in Spanish, this scam corporation can't hide it's deceptive ways forever. How can someone constantly insult the intelligence of shareholders like this? Further, and perhaps more to the point, his prepared statement was devoid of any genuine eloquence whatsoever. Believe me, the man does not know words like 'egregious'. He not only owes me an apology, but the shareholders of the company he so recklessly ruined with his disregard for fiduciary duty and responsibilities."
When asked for any additional comment, Thomas Bibiyan said, in closing:
"But I digress, to be completely frank, I am at times flattered by his ongoing fascination with me, even though it has become somewhat of a smear campaign as of late. Anger can do strange things to people. Let me be clear on one final concession though: My clandestine affair with Sabine Schudel from the fall of 2006 through the summer of 2008 was, and still is, very regrettable. It was a terrible mistake. It is not something I am proud of, nor defending in any way, shape, or form. However, it certainly should not be made the grounds for a vacuous case. In the end, however, I am of the opinion that only God may truly be my judge."
TOM is the one that STOLE ALL OF THE MONEY AND STOCK=====
SURE WOULD BE NICE TO SEE HIM START PAYING MR.TOLEDO WHAT HE OWES HIM. WHAT A CROOK THIS TOM IS THEY OUGHT TO PUT HIM UNDER THE JAIL.
READ BELOW
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2588
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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A United Business Mediacompany.
i-ll buy at 0001 and sue ramon for messing up my company
thereis no ask or bid. ramon chased it away and the mm pulled the 211
its because of sabine schudel .
play the game any way you want.
At the ask or the bid?
go ahead and buy some.
integrity? ask him why we dont own buscar corp when its our software. his plan 4 us is to let this sit.
oly, don't even bother with this troll.
If you pay Mr. Toledo that 18 milliom you owe him maybe us stockholders would get a little of it. Since you have all that money you claim to have why don't you pay Mr Toledo. If you had not stole all of the money and stock from Searchguy. SEARCHGUY would be flying HIGH. Mr. Toledo is man of high integrity. To bad he had to get tangled up with low life like you. If you had been honest this would have never happened. I know you don't give a crap how many people you have hurt.
Toledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswire
default judgment with no evidence is just a piece of paper. he cant collect a cent. he intends to do nothkng for searchguy
it will all come out toledo doesnt want the company he just wanted the code. buscar is going down/
readthe pr carefully and u will see how he makes it clear he intends to do nothing with searchguy. he stole all the algorithms and code. his day is coming by the shareholders.
YES AND YOU ARE ALSO KNOWN AS CROOK.
Toledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswire
YES AND YOU ARE ALSO KNOWN AS CROOK.
Toledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswire
WHY would MR.Toledo want to do that. You are the crook not Mr.TOLEDO.
Toledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswire
Tom stole all of the money. LEFT US STOCK HOLDERS HIGH AND DRY.
I AM SURE MR. TOLEDO WOULD LIKE SOME OF THAT 8MILL YOU OWE HIM.
oledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswireToledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswireToledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswireToledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswireToledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswireToledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswireToledo and Searchguy.com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Tom Bibiyan
Lucia Matthews - La Jolla (, United States of America)
SUBMITTED: Sunday, October 10, 2010
POSTED: Sunday, October 10, 2010
Ramon Toledo is pleased to
announce a successful default judgment in a lawsuit brought by him
against
Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the
United
States District Court for the Southern District of California, Case No.
07cv0695
BEN (BLM). Toledo sued Bibiyan and his corporate alter egos
personally, and derivatively,
on behalf of Searchguy.com, Inc. (the "Company"), for violations of
federal and
California securities laws
, breach of fiduciary duties, fraud,
constructive
fraud, and breach of contract. The federal court found that the claims
arose out
of a fraudulent scheme under which Bibiyan and others issued numerous
false
press releases and other statements to induce investors, including
Toledo, to
purchase shares. The court determined that this fraudulent conduct
created an
artificially inflated stock price
, and determined that as part of the
scheme
Bibiyan would dump shares for which he had paid no adequate
consideration.
Furthermore, the court determined that Bibiyan
breached his fiduciary duties to
the Company through gross mismanagement, issuing millions of shares of
Company
stock without consideration, self-dealing, directing corporate assets to
himself, and trading on non-public information.
From May to July
2004, the court determined that the evidence showed that
Bibiyan caused the Company to issue 18,500,000 shares to a number of
entities
for no consideration, and then allowed such entities to sell those
shares in the
public market. In addition, in accordance with the unrefuted evidence
the court
determined that Bibiyan improperly controlled the Company and under
Bibiyan's
control, the Company never had a bank account, prepared financial
statements or
tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually
owned
2,336,862 shares. After Toledo became aware of Bibiyan's improprieties
he tried
to get Bibiyan to deliver all corporate documents of the Company and
return all
shares of the Company in order end Bibiyan's involvement with the
Company with
the hopes that the Company could be properly operated by a legitimately
elected
board of directors. Bibiyan did not turn over the corporate documents,
shareholder lists, or return his Company shares. Instead, Bibiyan
actually
issued himself an additional 1,800,000 shares of unrestricted Company
stock.
On August 8, 2010, the Court issued a judgment against Bibiyan
and his alter ego
companies. The court awarded the Company $11,892,000.00 in damages for
the
securities frauds, an additional $100,000.00 in breach of contract
damages, with
ten percent pre-judgment interest on the contract damages, and
$16,646.29 in
attorney fees solely for the contract damages claims. Furthermore, the
Court
awarded Toledo and his co-plaintiff damages in the amount of $219,578.00
for
their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp.
is a leading Mexican company in technology innovation and videogame
content. It has signed deals with top online companies: MSN, Yahoo,
Terra
Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
www.prnewswire
love the searchguy advertisement in the middle of the skit
Here's a good video that I produced and it will soon be in the searchguy shell as soon as Ramon is forced to give back the software code he stole.
i am a known philanthropist and executive producer, having donated hundreds of thousands of dollars in aggregate to the arts and charitable foundations across the country(including the Red Cross and Chabad of California & New York, which remain my favorite causes).
it wasnt snorted away, but i did buy a few frinds some drinks and i made some good videos.
Thomas Bibiyan responds to false and defamatory press release issued by Ramon Toledo
http://www.freeprpressrelease.com/Thomas-Bibiyan-responds-to-false-and-defamatory-press-release-issued-by-Ramon-Toledo.htm
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court. Not one single modicum of evidence, public nor private, can be found to implicate Mr. Bibiyan in the false allegations set forth by the frivolous case. He is a victim of blatant malicious prosecution.
I hear he robbed searchguy technologies for his buscar site
Being a business professional is a headache
I couldn't even get gas money to go to Court. But what did Ramon get? His headaches are just starting.
Well the SEC must have found some porn they havent seen yet.
Then maybe they can get something done.
The philantrapist cant afford to go defend himself in court.
Collect the judgment? I don't have the money to pay.
Collect the judgment? I don't have the money to pay.
WOW, we are gonna be back to 11 cents a share soon. Then I can break even.
6400% not bad. Only another 640,000% to go
Upon receiving news of the Court's judgment, Toledo issued the following
statement: "I am extremely pleased with this judgment. I feel
vindicated that a court has
entered judgment against Thomas Bibiyan for egregious breaches of his
fiduciary
responsibility to both Searchguy.com, Inc., and its shareholders. I
believe it
was necessary to bring this action against Thomas Bibiyan, so that he
would not
be in a position to defraud other investors in the future. I believe
that
Searchguy.com can still become a great company under the right
management, and
as a shareholder of the Company, I hope to see it succeed in the
future." About Ramon Toledo Ramon Toledo is the President and CEO of
Busca Corp., an entity unrelated to,
and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of
INMUEBLES
Y DESARROLLOS ARNAIZ SA de CV, a real estate development company
established in
1970 (family owned). With 20 years of experience in international
management and
business development, Toledo has numerous recognitions as one of the
most
respectable businessman and entrepreneurs
to bring business into Mexico.
In
October 2008, Levelup.com a branch of Busca Corp., was named Best Web
2.0 Site
in Mexico for 2008 AMIPCI (Mexican Internet Association).
This will give you a good report on slime ball bibiyan. Man what a low lifehe is.
bhttp://www.ripoffreport.com/accounting/thomas-bibiyan/thomas-bibiyan-246-entertainme-b57bd.htm
Surley he has snorted that away.
Please take him to jail already.
Tom,
Why don't you pay some of that money you owe to Mr.TOLEDO WHO THE COURTS SAID YOU OWED AROUND 18 million that you stole from SEARCHGUY. Tom you are such lowlife you could crawl under the belly of a snake. This PR YOU JUST RELEASED IS A BUNCH OF CRAP and you know it.Any body that wants to know all they have to do is read the court records. to see what as scallywag you are. Mr TOLEDO IS GOING TO BE YOUR NEXT FOUNDATION TO PAY OFF OF ABOUT 18 million.
Share Friday, September 17, 2010 5:10:09 PM
Re: oltimer post# 2542 Post # of 2552
com, Inc. Obtain Default Judgment in the Aggregate Amount of in Excess of $12,000,000 in Lawsuit against Thomas Bibiyan
SAN DIEGO, Sept. 16 /PRNewswire/ -- Ramon Toledo is pleased to announce a successful default judgment in a lawsuit brought by him against Thomas Bibiyan. The judgment was handed down on August 8, 2010 in the United States District Court for the Southern District of California, Case No. 07cv0695 BEN (BLM).
Toledo sued Bibiyan and his corporate alter egos personally, and derivatively, on behalf of Searchguy.com, Inc. (the "Company"), for violations of federal and California securities laws, breach of fiduciary duties, fraud, constructive fraud, and breach of contract. The federal court found that the claims arose out of a fraudulent scheme under which Bibiyan and others issued numerous false press releases and other statements to induce investors, including Toledo, to purchase shares. The court determined that this fraudulent conduct created an artificially inflated stock price, and determined that as part of the scheme Bibiyan would dump shares for which he had paid no adequate consideration. Furthermore, the court determined that Bibiyan breached his fiduciary duties to the Company through gross mismanagement, issuing millions of shares of Company stock without consideration, self-dealing, directing corporate assets to himself, and trading on non-public information.
From May to July 2004, the court determined that the evidence showed that Bibiyan caused the Company to issue 18,500,000 shares to a number of entities for no consideration, and then allowed such entities to sell those shares in the public market. In addition, in accordance with the unrefuted evidence the court determined that Bibiyan improperly controlled the Company and under Bibiyan's control, the Company never had a bank account, prepared financial statements or tax returns, or held any shareholders or board of directors meetings.
Toledo began purchasing Company stock in August 2004 and eventually owned 2,336,862 shares. After Toledo became aware of Bibiyan's improprieties he tried to get Bibiyan to deliver all corporate documents of the Company and return all shares of the Company in order end Bibiyan's involvement with the Company with the hopes that the Company could be properly operated by a legitimately elected board of directors. Bibiyan did not turn over the corporate documents, shareholder lists, or return his Company shares. Instead, Bibiyan actually issued himself an additional 1,800,000 shares of unrestricted Company stock.
On August 8, 2010, the Court issued a judgment against Bibiyan and his alter ego companies. The court awarded the Company $11,892,000.00 in damages for the securities frauds, an additional $100,000.00 in breach of contract damages, with ten percent pre-judgment interest on the contract damages, and $16,646.29 in attorney fees solely for the contract damages claims. Furthermore, the Court awarded Toledo and his co-plaintiff damages in the amount of $219,578.00 for their stock losses caused by Bibiyan's adjudged securities frauds.
Upon receiving news of the Court's judgment, Toledo issued the following statement:
"I am extremely pleased with this judgment. I feel vindicated that a court has entered judgment against Thomas Bibiyan for egregious breaches of his fiduciary responsibility to both Searchguy.com, Inc., and its shareholders. I believe it was necessary to bring this action against Thomas Bibiyan, so that he would not be in a position to defraud other investors in the future. I believe that Searchguy.com can still become a great company under the right management, and as a shareholder of the Company, I hope to see it succeed in the future."
About Ramon Toledo
Ramon Toledo is the President and CEO of Busca Corp., an entity unrelated to, and unaffiliated with, Searchguy.com, Inc., and is also a co-owner of INMUEBLES Y DESARROLLOS ARNAIZ SA de CV, a real estate development company established in 1970 (family owned). With 20 years of experience in international management and business development, Toledo has numerous recognitions as one of the most respectable businessman and entrepreneurs to bring business into Mexico. In October 2008, Levelup.com a branch of Busca Corp., was named Best Web 2.0 Site in Mexico for 2008 AMIPCI (Mexican Internet Association).
Busca Corp. is a leading Mexican company in technology innovation and videogame content. It has signed deals with top online companies: MSN, Yahoo, Terra Networks, Playboy Mexico and Televisa.
SOURCE Ramon Toledo
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SearchGuy.com Inc. (SHGY) Stock Trading Info:
Yes about 15 to 18 million of our money.
Whatever it is, he's buying it with our money.
OMG, I wish I had some of what Tom is taking, cause it sounds like fun stuff.
Is he kidding with this?
http://www.prlog.org/10975065-thomas-bibiyan-responds-to-false-and-defamatory-press-issued-by-ramon-toledo.html
Thomas Bibiyan responds to false and defamatory press issued by Ramon Toledo
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court.
FOR IMMEDIATE RELEASE
Oct 04, 2010 – Ramon Toledo recently issued press regarding a default judgment found by the courts in his favor for an excess of twelve million dollars. Sadly, no one has informed Mr. Toledo that receiving a default judgment does not necessarily prove and determine guilt on an issue. In this case, an ordinary deposition was missed due to a documented and unfortunate illness, and the case simply and automatically went into default the next day.
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court. Not one single modicum of evidence, public nor private, can be found to implicate Mr. Bibiyan in the false allegations set forth by the frivolous case. He is a victim of blatant malicious prosecution.
Thomas Bibiyan -- all of 27 years of age -- is a known philanthropist and executive producer, having donated hundreds of thousands of dollars in aggregate to the arts and charitable foundations across the country(including the Red Cross and Chabad of California & New York, which remain his favorite causes). When asked for comment, the self-made entrepreneur stated thus:
"If someone sues you for looking at them funny, and you happen to be away and do not respond promptly, the case automatically goes into default. As it happens, it was indeed I who wanted a jury trial, and not Ramon Toledo, as I would have been easily exonerated of the baseless charges by a group of my peers.
Without question, an appeal will be filed, and a case for slander and causing unnecessary emotional distress will be the proper and timely response. In all fairness, it is probably advisable that Ramon Toledo rather focus his time and inheritance on his ongoing tax fraud case between himself and US government (Case No. 07-60341-CIV-COHN/Seltzer.) instead of using his malicious press releases as an unimaginative diversion. "
Prior to filing the civil suit against Mr. Bibiyan, Plaintiff Ramon Toledo(who often goes by Ramon Alberto Toledo and Ramon Toledo Arnaiz, among several other aliases) issued several complaints via counsel and threats of greenmail against Lenny Rachitsky - the CEO - and Mr. Bibiyan(never an officer nor director). Stating primarily that, if the Company were not immediately sold, that a lawsuit would soon commence. Having signed and notarized a settlement agreement, Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .
"Let's end this non-sense" Mr. Bibiyan continued , "I am sincerely extending an offer to meet with me in person for an open forum public debate regarding the transgressions and losses seen by the shareholders at the hands of Mr. Toledo over the last several years. I'm absolutely positive shareholders have grown tired of Mr. Toledo hiding behind his Personal Computer and his counsel in such a cowardly, undignified fashion all these years. All shareholders will be welcome to attend to ask questions of us at the place of Mr. Toledo's choosing. I mean look, he says that 'Busca Corp is unaffiliated' - that is a complete lie; 'Busca' translates to 'Search' in Spanish, this scam corporation can't hide it's deceptive ways forever. How can someone constantly insult the intelligence of shareholders like this? Further, and perhaps more to the point, his prepared statement was devoid of any genuine eloquence whatsoever. Believe me, the man does not know words like 'egregious'. He not only owes me an apology, but the shareholders of the company he so recklessly ruined with his disregard for fiduciary duty and responsibilities."
When asked for any additional comment, Thomas Bibiyan said, in closing:
"But I digress, to be completely frank, I am at times flattered by his ongoing fascination with me, even though it has become somewhat of a smear campaign as of late. Anger can do strange things to people. Let me be clear on one final concession though: My clandestine affair with Sabine Schudel from the fall of 2006 through the summer of 2008 was, and still is, very regrettable. It was a terrible mistake. It is not something I am proud of, nor defending in any way, shape, or form. However, it certainly should not be made the grounds for a vacuous case. In the end, however, I am of the opinion that only God may truly be my judge."
Uncross your fingers. Nothing new is coming. SHGY is over. The only thing left to do is attempt to collect on the judgement and that is something that will take time and at best result in shareholders receiving a small percentage of original investments.
SHGY is a nearly worthless shell now.
Website is down maybe something new coming
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RAMON TOLEDO was arrested in Miami Dade County, FL on June 10, 2011 for Criminal Trespass and Burglary, Battery, Assault
http://www.jailbase.com/en/arrested/fl-mdc/2011-06-10/ramon-toledo-110040781
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