UNICO INCORPORATED (AZ) (fka UNCO)

[mdb1]

MAG Silver now owns Deer Trails Mine and they are drilling exploration holes.
Deer Trails has bonanza grade silver in spots.
MAC is a real silver producer and has a major mine in Mexico ready soon to begin production.

[mdb1]

Appears Quintana offloaded their 4 parcels on Deer Trail to Dt Mining LLC or about 80++ acres.

[mdb1]

Dt Mining LLC now owns Deer Trail lot #22 as of 2019

[mdb1]

Apparently Quintana kept 2 parcels - bet one super rich in silver and the other high in gold.

[mdb1]

Quintana's 20 acres on Deer Trail. Looks like they are paying $155/year to keep claim active.

https://thediggings.com/mines/umc95616

[TechKim]

Gave the land away for a song and a dance. We should of put the crooks to work digging in those caverns until they made enough to pay back everyone they ripped off.

[mdb1]

I think so.
""The Deer Trail Mine produced high-grade silver and gold ore from 1878 to 1923 and again from 1964 to 1981.""

Western Pacific found one bore sample with: gold 187 gr/ton and silver 19,220 gr/ton.

I betting that the 20 acres Quintana kept contained those gold/silver results. That's a lot of gold and silver!

[TechKim]

Was there ever any commercial gold? I should ask any gold that could be mined for a net profit?

[mdb1]

Deer Trail Mine property sold at public auction (except for 20 acres - still owned by Quintana):

http://www.utahlegals.com/uploads/1454456416.pdf

[TechKim]

MARK LEFKOWITZ will be released on November 20, 2016. Upon release, the inmate will reside in Colts Neck, New Jersey, and will be supervised by the United States Probation Office at USPO - District of New Jersey - Newark, 1001 Martin Luther King, Jr., Federal Bldg and U.S. Courthouse, 50 Walnut Street, Newark, New Jersey 7102.

[TechKim]

I suppose the boy scout tours are over.

[Lapbid]

I wasn't aware of any recent work so thanks for the update. With the mill on premises why wouldn't someone want to mine it? Regs I guess.....

[mdb1]

for example: January 05, 2015
Western Pacific Encounters 1.5 ft grading 82.7 g/t Gold and 24,981 g/t Silver - Highest Grade Intercept To Date

[mdb1]

Deer Trail Mine went back to Quintana from Western Pacific. I lost a money on Unico stock also. Go to http://www.westernpacificresources.com/s/NewsReleases.asp?daterange=2016/01/01...2016/12/31 for more info.

According to Western Pacific drilling assays, there is gold and lots of silver but no one wants to mine it. Is it that the environmental regulations make mining too costly? I don't get it. Too bad Unico was a scam, with gold at $1900 and silver almost $50/oz, they could have tried, but it was a scam. Oh well.

[Lapbid]

The Deer Trail mine has been sold to Western Pacific Recourses. $WRP. I don't remember how much I lost on this POS but it looks like a rinse and repeat. Somebody was Bashing UNCO and I regret that I didn't listen to them. It was a Death Spiral Financing deal that was criminal. There is NO GOLD IN DEER TRAIL MINE.

[Renee]

Unico: Mark Lopez:

https://www.sec.gov/litigation/admin/2016/34-77851.pdf

[Renee]

Unico: Mark Lopez:

https://www.sec.gov/litigation/admin/2016/34-77851.pdf

[TechKim]

Mark Lopez incarcerated.

"The case has proceeded through the criminal justice system and the inmate is now incarcerated within the Federal Bureau of Prisons (BOP)"

MARK LOPEZ
Register Number: 37216-298
Docket Number: 12-CR-05236

[TechKim]

What happened to the land? Who benefitted?

[TechKim]

I would like to know what ever happened to the property?

Whatever possessed Lopez to do what he did is beyond me?


Does the penalty out weigh the gain from the wrong?

OPINION ONLY!

[mdb1]

Btw Mark Lopez pleaded guilty in Unico stock swindle case.

[mdb1]

gold 187 gr/ton silver 19,220 gr/ton ! Best drilled sample at Deer Trail
2014 results

[9HikeDiscGolf]

Bromide Mining located in Hanksville Utah still exist.. Going have 2nd interview in couple weeks.. Good (bleep) PAY!

[LGL8054]

PNS we hope you get the job you are after, Good Luck.

[9HikeDiscGolf]

I just got a job interview with Bromide Mining located in Hanksville Utah tomorrow! If i find anything, ill let ya know..

Cheer

[Renee]

Unico Inc.: SEC Litigation

http://www.sec.gov/litigation/litreleases/2015/lr23206.htm

[Lapbid]

Well. I lost $4584.54 On this little hole in the ground with a liar at the bottom. There where people on this message board who warned me that it was a scam but I just wanted to believe that a small mine with its own mill within the USA could make it. So my advise is that if you consider Penny Stocks and some one is jumping up and down saying don't do it. Listen! I wish I did.

[mdb1]

Western Pacific Resources have begun sample/resource-defining drilling activities on Lower and 3400 mine areas. So maybe the deal for Deer Trail will close soon & DTM (Unico) will receive their $1.3 million fist installment payment soon.

[mdb1]

Really sad part is, Unico could have mined Deer Trail and Silver Bell mines and made a profit as gold went from $1100 to over $1900/ounce and silver from $20s to almost $50/ounce.

But Mark Lopez et. al NEVER intended to have a working mine.

Very sad.

[crash2331]

It would be nice to see something. All one can do is sit back and wait.

[mdb1]

Buqqq,
Part of deal with Feds was Unico had to delist thru March 2014.

I figured the sale of Deer Trail Mine would have completed by now. But it hasn't.
Once completed they would have several $million to give back to creditors & shareholders???

Doesn't Unico still have Silver Bell mine property.

That's all I based it on. Unico could relist after March 2014 and ( I assumed ) would have $millions from sale of Deer Trail and still own a couple of mine properties and therefore would re-incorporate and re-list. My assumptions only.

[Buqqq]

Hi MDB1,

I still have a bunch of UNCO stock. I know it is delisted and was wondering if it qualifies for IRS reg's and being worthless. That is what brought me here.
I found it surprising that you posted they may come back in March.
Would it be more accurate to say Deertrail Mine may get mined? Or that UNCO the ticker may come back?
Can you point me to where and why you made the statement please.

thank you,
Buqqq

[TechKim]

Court cases ongoing with sentencing, if you did not know.

[BottomBounce]

UNCO WAS A SCAM

[bompy1473]

Not the smartest on stocks here. Anyway, I owned stock in UNICO. and now its worth nothing. Is the company closed and I am out of my money or is there a chance I can recoup any of it??

[crash2331]

All sounds good, but until then...Hope it turns to be true.

[mdb1]

Western Pacific secures financing for Deer Trail mine.

Deer Trail (previously Unico) should receive $5 million and more later when Deer Trail Mine becomes operational.

Legally Deer Trail could come back as a OTC company in March.
Wonder if they will. They would/are still under government monitor/control.

[TechKim]

Exactly!

[TechKim]

To Goldenbollox

Just received the action against Mark Allen Lefkowitz and Mark Anthony Lopez from the Justice Department.

[EarnestDD]

This Shell is DEAD.

[mdb1]

D-day wonder if the Western Pacific Resource sale goes thru today?

[mdb1]

31 Oct deadline approaching

[EarnestDD]

UNCO is Defunct.
jmo

[mdb1]

Western sampling/drilling has shown Deer Trail was/is a viable mine with silver, gold, etc.
---
If Unico mined Deer Trail, investors would have made a profit.
----
Instead the Unico mgt team apparently never intended to perform actual minining thanks to LOPEZ and stockholders were devastated.
---
Gold was at $1900/oz and silver nearly $50/oz -- totally wasted by Unico mgt.
-----
Western sampling has shown gold upto 5 oz/ton and silver what way over 100 oz/ton at Deer Trail.
-------------
Why didn't Unico mgt actually mine Deer Trail for silver & gold??????!!!!???

[LGL8054]

I am trying to reconstruct my stock buying, but Scottrade don't show the R/S , maybe I was wipe out at one point? I show 23,101 shares now.
Do any of you show record of the R/S and how many were there?

[GOLDENBOLLOX]

Shows the power of a hand full of shareholders (from east to west coast) who cooperated to send these guys down,

My opinion, karma is a biotch.

[EarnestDD]

UNCO is Dead. It will never relist.
jmo

[mdb1]

With Gov't appointed monitor approval, Unico could re-list in March 2014. If the deal with Western falls thru, they could begin mining Deer Trail (the richest areas). Western Pacific sampling/boring is making the property more valuable by the month.

But who knows...

[EarnestDD]

but UNCO shares are delisted and worthless.
jmo

[GOLDENBOLLOX]

San Diego Company Admits Misleading SEC as Part of Settlement Agreement
Unico Inc. Agreed to Pay a Monetary Penalty and to Submit to Oversight by a Government-Approved Monitor for a Period of at Least Three Years
U.S. Attorney’s Office January 31, 2013

Southern District of California [phone]

United States Attorney Laura E. Duffy announced today that San Diego-based Unico Inc. (Unico) entered into a negotiated settlement in which it admitted that its former CEO, Mark Anthony Lopez, made a false statement to the Securities and Exchange Commission (SEC) when he mischaracterized funds received from a lender. Unico also agreed to pay a monetary penalty and to submit to at least three years of oversight by a corporate monitor approved by the United States Attorney’s Office.

As part of the negotiated settlement, Unico (on January 30, 2013) entered into a deferred prosecution agreement with the United States Attorney’s Office before the Honorable William McCurine, Jr. According to the terms of the agreement, the monitor (who is required to act as an independent third-party) will have the power to approve—as well as veto—various business and financial decisions that Unico attempts to make. In exchange for Unico’s concessions, the United States Attorney’s Office agreed to postpone its prosecution against Unico for charges related to securities fraud, false statements, and obstruction of justice.

The deferred prosecution agreement comes after the January 17, 2013 arrest of Unico’s former CEO on charges of conspiracy to commit securities fraud and obstruction of justice. According to the indictment against Lopez, he conspired with New Jersey-based stock trader Mark Allen Lefkowitz (who previously pled guilty) to manipulate the share price and volume of Unico’s stock to benefit corporate insiders at the expense of shareholders. As a result of the fraud, the company issued approximately nine billion new shares of its stock that it did not register with the SEC. These new, unregistered shares diluted existing shares, causing their value to drop by as much as $7 million. At the same time, Lefkowitz received free-trading shares from Unico worth more than $28 million, which he sold to unsuspecting buyers on the open market.

Also according to the indictment against Lopez, he tried to obstruct an SEC probe into his misconduct by refusing to turn over e-mails, which he printed and concealed in two manila folders marked “Files Deleted” and another marked “Not Released to SEC Subpoena (Delete).” The indictment further alleged that Lopez redacted portions of an e-mail and tried to delete it from his computer and later lied to the SEC under oath during deposition testimony.

According to United States Attorney Duffy, the Deferred Prosecution Agreement was an appropriate vehicle in this case as it did not further penalize Unico’s stockholders for criminal behavior undertaken by Lefkowitz and a former company executive. She added, though, that this remedy was available only because of the company’s cooperation in this investigation. The United States Attorney also stressed that the designation of a corporate monitor was another integral component of this agreement as it guards against Unico being involved in future stock fraud.

The public is reminded that an indictment itself is not evidence that the defendants committed the crimes charged. The defendants are presumed innocent until the government meet its burden in court of proving guilty beyond a reasonable doubt.

Defendant in Criminal Case 13CR0355-JAH
Unico Inc.
San Diego, California

Summary of Charges
False statement to a government agency, in violation of Title 18, United States Code, Section 1001(a)(2).
Maximum penalties: five years in prison; five years’ supervised release; a $500,000 fine; a $400 special asssessment

Investigating Agency
Federal Bureau of Investigation


http://www.fbi.gov/sandiego/press-releases/2013/san-diego-company-admits-misleading-sec-as-part-of-settlement-agreement