US Farms Inc. (fka USFM)

[Technopoly]

Awww....no jail time in Joe Arpaio's prison in Maricopa County, Arizona. I am so disappointed.
Being unfamiliar with corporate or securities law.....is there a shell remaining that could be used by another entity?

[chocolope]

Jan 03, 2013 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via
COMTEX) -- The Commission announced that on January 2, 2013, the United States
District Court for the Southern District of Florida entered a Final Judgment of
Permanent Injunction by consent, against Defendant Yan K. Skwara enjoining him
from violations of Section 10(b) and Rule 10b-5 of the Securities Exchange Act
of 1934 ("Exchange Act") and Section 17(a) of the Securities Act of 1933
("Securities Act"). United States District Judge Robin S. Rosenbaum ordered Yan
K. Skwara, CEO, President, CFO, and Chairman of US Farms, Inc., to pay
Disgorgement, Prejudgment Interest and a Civil Penalty pursuant to Section
21(d)(3) of the Exchange Act and Section 20(d) of the Securities Act. The Final
Judgment orders Defendant Skwara to pay disgorgement in the amount of $28,000,
prejudgment interest of $3,372.57 and imposes a civil penalty of $28,000 for a
total of $59,372.57.

United States District Judge Robin S. Rosenbaum entered a permanent injunction
by default against US Farms, Inc. enjoining them from violations of Section
10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 ("Exchange Act") and
Section 17(a) of the Securities Act of 1933 ("Securities Act"). Judge Rosenbaum
ordered US Farms, Inc. to pay disgorgement in the amount of $28,000 and
prejudgment interest of $3,372.57 for a total of $31,372.57.

The Commission commenced this action by filing its Complaint on June 4, 2012,
against Yan K. Skwara and US Farms, Inc. The Complaint alleges that Defendants
Skwara and US Farms, Inc. engaged in a fraudulent scheme involving the company's
stock, illicit kickbacks, and phony agreements to mask those kickbacks. [SEC v.
Yan K. Skwara et al.., Civil Action No. 12-61078-CIV- Rosenbaum/Seltzer, (S.D.
Fla.)] (LR-22584)




Copyright (C) 2013 Federal Information & News Dispatch, Inc.

[Renee]

(fka)USFM: DTC has suspended all services, except Custody Services, for the below referenced issues. The suspensions are effective December 31, 2012.

CUSIP...............SECURITY NAME
90342T203.......US Farms,Inc.(fka USFM)

http://dtcc.com/downloads/legal/imp_notices/2012/dtc/ope/2046-12.pdf

[dealerschool2006]

takin my loss of USFM b4 eoy...had to call etrade and broker said they will sell it "worthless" and he waived the $85 fee...

[welderscott]

I think Yan might want to run for political office considering his experience.He seems to have the right skills...ST

[welderscott]

"Samantha",might be Jim's stage name.Wonder if he dresses the part?LOL...ST

[Technopoly]

Now I'm REALLY depressed. Welcome to the "Pink Sheet Casino". Very few Pinkies ever amount to anything...... except in the interest of brokers and scam artists.

[shadolane]

I can't imagine why the website is still displaying. I assume that there may be some cost to keep it active.

Beyond that you are being generous in using the word incompetent.

Actually with some/one of the names in your post having been indicted for fraud many other adjectives could be used to describe
them.

My experiences with pink sheet stocks is now 100% the same.

None has come to fruition.

I guess we will just have to wait to see if this shell gets resurrected.

Unfortunately it would most likely be a scam as well.

Just IMHO.

[Technopoly]

Why does a defunct company still have a website available to order products?.......further incompetance by the clowns who tried to manage this company?
Skwara, Faroquee and Tarkesian are offering property for sale in the Gobi desert...great views, lots of sand....Investors are welcomed to get in at the ground floor...oh yeah...they forgot to mention that there is no beaches because there is no water. Just a minor detail.

[chocolope]

Jimmy F blew it!

[shadolane]

I have a number for big Jim F the supposed savior of this company so I called him.

He said that it is defunct.

Nothing being done. Nothing to save.

For a while I recall that the aloe products were still available to order.

So I guess it's a lost cause and only a potential shell for someone else to use.

What a joke.

I haven't seen anything on Yan Skwara's sentencing.

He probably got his wrist slapped and is off to the next adventure.

Isn't that how it goes?

Maybe we will all be approached to invest.

What do you think?

Haha

[Technopoly]

Is Skwara in jail yet? Is there still a company to contact? Does the sun still rise over US Farms in San Diego? Actually "sunrise" is an illusion.

[Technopoly]

My first sentence was marinated in sarcasm.

[gravityrulz]

there was some official communication?
where was this?

[Jronpar]

About a month ago, I tried via email to Tarkeshian asking him some of these questions. And, no, I didn't receive the courtesy of a response to my inquiry, although I didn't really expect to. Extremely disappointing!

[Technopoly]

Nice of Tarkeshian to inform the shareholders of current state of affairs within the company. Is anyone still alive, are products being produced and sold, is Skwara in jail yet, are any steps being taken to correct the huge F/Up from the past?
What a bunch of useless pimples on the ass of society.
Since this stock cannot be traded, its not like any info is going to affect it. Just a simple e mail to interested parties.

[Jronpar]

Thank you for the info on this guy. Would be nice to see him sent to Pelican Bay Prison! GLTU

[Technopoly]

Faroquee took over from Skwara about a year and a half ago. Skwara should have stuck to soccer. Maybe he's the worm that was choking this company........Nail him, throw him in the closest thing to Alcatraz......cut off any tentacles he has to this company and maybe it will survive.

[Jronpar]

Who the H#$% is Yan Skwara? When was he appointed President & CEO of this disaster? Last I saw, Jim appointed his long-time sidekick fot this position!

SEC Charges Company Officers and Penny Stock Promoters in Kickback and Market Manipulation Schemes

FOR IMMEDIATE RELEASE
2012-108

Washington, D.C., June 4, 2012 — The Securities and Exchange Commission today charged several penny stock companies and their officers as well as three penny stock promoters involved in various stock schemes in which bribes and kickbacks were paid to hype microcap stocks and illegally generate stock sales.

These charges are the latest in a series of cases in which the SEC has worked closely with the U.S. Attorney's Office for the Southern District of Florida and the Federal Bureau of Investigation to uncover penny stock schemes. Prior charges were filed by the SEC against other penny stock violators in October 2010, December 2010, and June 2011.

According to the SEC's complaints filed in U.S. District Court for the Southern District of Florida, some of these latest schemes involved the payment of undisclosed kickbacks to a pension fund manager in exchange for the fund's purchase of restricted shares of stock in the various microcap companies. Other schemes involved an undisclosed bribe that was to be paid to a stockbroker who agreed to purchase a microcap company's stock in the open market for his customers' discretionary accounts.

"The company officers and promoters in many of these schemes disguised their kickbacks as payments to phony consulting companies that performed no actual work," said Eric I. Bustillo, Director of the SEC's Miami Regional Office. "These illegal activities were fully intended to artificially inflate the stock volume and prices of these penny stock companies to the detriment of investors."

The SEC's complaints allege the following penny stock companies and individuals perpetrated the various stock schemes:

Angel Acquisition Corp. (AGEL) based in Carson City, Nev., and Carlsbad, Calif. (now known as Biogeron Inc.)
President and CFO Harold Steven Bonenberger of Carlsbad.


Clean Coal Technologies Inc. (CCTC) based in New York City.
President and CEO Douglas D. Hague of Boca Raton, Fla.


Cotton & Western Mining Inc. (CWRN) based in Humble, Texas.
President and CEO Robert L. Cotton of Houston.


Delivery Technology Solutions Inc. (DTSL) based in Boca Raton.
CEO and Chairman Ryan F. Coblin of Boca Raton.


Optimized Transportation Management Inc. (OPTZ) based in San Antonio
CEO Kevin P. Brennan of Pittsburgh.
OPTZ stock promoter Marc S. Page of Tiburon, Calif.
OPTZ stock promoter Donald G. Huggins of St. Petersburg, Fla.


Sure Trace Security Corp. (SSTY) based in Philadelphia.
Chairman and former president Michael M. Cimino of Philadelphia.
President Joseph J. Repko of Hobe Sound, Fla.


US Farms Inc. (USFM) based in San Diego and Fallbrook, Calif.
President and CEO Yan K. Skwara of San Diego.


Wound Management Technologies Inc. (WNDM) based in Fort Worth, Texas, and Fort Lauderdale, Fla.
President, CEO, and Chairman Scott Haire of Fort Worth and Coral Springs, Fla.



The SEC additionally charged a stock promoter involved in pumping the stock of KCM Holdings Corp., a penny stock company charged in the SEC's series of penny stock enforcement actions in June 2011. The SEC alleges that Matthew A. Connor, who lives in Amherst, Va., participated in a fraudulent scheme to hype KCM Holding's stock.

The U.S. Attorney's Office today announced criminal charges against the same individuals facing SEC civil charges.

The SEC's complaints allege that these companies, officers, and stock promoters violated Section 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC is seeking financial penalties, disgorgement of ill-gotten gains plus prejudgment interest, and permanent injunctions against all the defendants. The SEC also seeks penny stock bars against each of the officers and promoters as well as officer-and-director bars against Bonenberger, Brennan, Cimino, Hague, Haire, and Skwara.

The SEC's investigation was conducted in the Miami Regional Office by senior counsels Trisha D. Sindler and Michelle I. Bougdanos under the supervision of Assistant Regional Director Chedly C. Dumornay. The SEC's litigation will be led by C. Ian Anderson, Edward D. McCutcheon, and James M. Carlson. The SEC acknowledges the assistance and cooperation of the U.S. Attorney's Office for the Southern District of Florida and the FBI's Miami Division in these investigations.

[trendtraderz]

Yan Skwara you naughty naughty boy.

[dealerschool2006]

http://sec.gov/news/press/2012/2012-108.htm

[Jronpar]

USFarms Inc Announces Change of Management

FOR IMMEDIATE RELEASE February 3, 2012 - Irvine, CA - February 3rd, 2012 US FARMS INC (OTC Bulletin Board: USFM) USFarms Inc, announced today that Jim Farooquee has resigned as the president, chairman and CEO of the Company effective February 3rd, 2012. The Board accepted Mr. Farooquee’s resignation, and today appointed Mr. Mason Tarkeshian to serve as the company’s president, CEO and chairman of the board effective February 3rd, 2012. For more information send an email to: [e-mail] Or visit the website at www.usfarmsinc.com or call 858-367-3753.

[trendtraderz]

Sadly, that window has closed. From the time of the initial suspension to the time of revocation was the window for opportunity. USFM needed to address the situation of the filings right then and there. They obviously didn't as revocation came upon USFM. I am in another stock which was also suspended but that ceo has responded to the SEC and they have not been revoked, yet. I was told that they asked for 120 days to remedy to filing situation and were obviously granted it. The other 4 companies did not respond to the suspension and all were revoked. What this shows me in the case of USFM is that they didnt even attempt to get an extension of time from the SEC to attempt to get current on filings. The part that pisses me off is that from when Farooquee took over in march until suspension which was at least 6 months, he could have deregistered the stock (15-12g). And yet he didnt.

[maine_yankee]

I assume they still have company stock, although not being traded at this time, ETrade says i still have my shares valued at $0. and from what I understand, Jim is no longer CEO, although his butt buddy, or parter in crime who has followed him around for many years is now the new CEO. Makes me quiver to think if $USFM could ever get its act together enough to file paperwork and get back to trading. Probably not.

[dealerschool2006]

need to have USFM trading again...I don't know what the process is to getting back what SEC took away...I kept my shares because I anticipated USFM going through a J/V with Jim's company...

[maine_yankee]

Unfortunately I found some information about our new CEO Mason Tarkeshia that is questionable. Seems he has followed Farooquee around alot and generally both are elected "at the same time" through many dealings including " Carbon Jungel Inc.",(CBJG)now at @ 0.0006 , USFarms, and they both were partners in "CMS Enhancements", and "Bridge Technology Inc." which there was some legal action.
Guess my loss here was an education......Should have done my DD alot better. I believe there is a cancer here somewhere, and Tarkeshia should be removed from the company if there is any chance of USFM to survive. JMHO

[trendtraderz]

It may very well be business as usual. Sadly the revoked securities situation will not allow any of us holders of the revoked securities to share in any profit. Even though profit probably would never have happened anyways. All I am saying is that USFM received warning notices of suspension from the SEC and they ignored them. That was probably Fagrooque's plan all along.

[dealerschool2006]

the website is still up...USFM

[trendtraderz]

what a colossal blunder! jim farrooqtard couldnt even get it together enough to delist the securities to at least keep them trading. not to mention shutting down the ever so sexy samantha peters social media pr blitz on aloe shakes and aloe soap.

[Technopoly]

Formerly Known As.......maybe the revokation affects the symbol on this site?

[EOM]

I don't know!! put can you tell what does this mean (fka USFM)?

[chocolope]

So, is that it, game over?

Will USFM trade again??

[Technopoly]

Has anyone tried calling Chuck Cibulka lately?

[Technopoly]

Just listed as Numbers and Letters now, instead of a Name.

[welderscott]

I haven't been around...Hoped something would happen ,so I check back every so often.GLTA...ST

[welderscott]

I sold out @ .014-.009 average cost basis .0033.I had hoped I was wrong and Jim Had a plan.He was answering the phone himself when I called and I attended the webinars.I bailed after he did not provide the financials in the time he promised.2.1 mil shares when the O/S was 43 mil.So sad .At least I made money.I wish I sold @ .03 But I wanted to believe in Jim and USFARMS.GLTA...ST

[gravityrulz]

[dealerschool2006]

I thought Jim was released of his post...new CEO of USFM now...

[welderscott]

What would the PPS be if Jim gets us relisted?...ST

[Technopoly]

The company has to get the lien holder problem solved. Sure would like to know who that person is. I think 500K was mentioned here previously. According to Ferroquee that is where all the income is being funneled to.
Just don't know how mgmt would deal with years of unfiled financials. Would the OTC accept a current year as opposed to all five or six years? Protection for the holders should extend to assisting the company get current again....not driving it out of business.

[nranger]

So do you think we have a chance to start trading again? My Scottrade still lists the stock, but with '0' values - an 'improvement' from the blank line it showed a few days ago.

[Technopoly]

Delisted, revoked, etc has to do with the exchange, not the operations of the company....From my understanding it halts trading and any management changes that can affect shareholders from revokation point on, until the OTC receives the information ( financials and other ) that it requires to reinstate....if that ever happens. that is.
Any other input would be appreciated, if my view is incorrect.

[ddineeniv]

I just don't get why then they announced the CEO change if they were completely done. It seems they would just be done.

[nranger]

The web page is still there, so I guess they haven't shut down totally, unless someone just forgot to remove it. So maybe the shareholder isn't dead either.

http://www.usfarmsinc.com/