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The SEC filed litigation against Adam Long, LG Capital LLC and Oasis Capital LLC, charging them as unregistered dealers.
https://www.sec.gov/litigation/litreleases/lr-25872
https://www.sec.gov/files/litigation/complaints/2023/comp25872.pdf
This article about the SEC Complaint against Long, L2 and Oasis includes a nice update on ALL of the SEC unregistered dealer cases over the past few years:
https://www.securitieslawyer101.com/2023/sec-charges-adam-r-long-and-his-two-companies-l2-capital-llc-and-oasis-capital-llc-as-unregistered-dealers/
Did Jason Tucker really say that the Jason Tucker that was the CEO of LEAS was a different Jason Tucker?
If Jason Tucker really said that, I'd love to see a screen shot of that. Please post a screen shot for the record.
What I can provide for you is a screen shot of Jason Tucker's bio when he was fronting over at LEAS in 2020 from the LEAS website at that time
https://web.archive.org/web/20201019115848/https://www.strategicassetleasing.net/investment
Thanks for your updates.
I made you an assistant moderator for this forum.
If you want, you can even start your own section in the ibox to use to make a list of new toxic lenders as they show up.
It all just depends.
But they aren't getting off the expert market without at least complying with OTC Markets disclosure guidelines.
And it appears obvious to me that they are having issues with clearing a new OTC markets application or verifying background information for the new control person or something. Nothing has been updated with OTC Markets since October 2022, when Jason Black resigned and allegedly handed over the reigns to Alexander Woods-Leo.
That change of control was rescinded in December 2022, with Jason Black taking back over as the CEO and owner of the control stock.
Then in February 2023, Black handed off control to Jason Tucker.
Why through all of those changes in control and changes in business operations was the OTC Markets page never updated?
It appears that they are unable to access the CNNA OTC Markets page because they have been unable or unwilling to submit an application along with the background information or other documentation required by OTC Markets to verify that the change of control was legitimate.
I think they want to comply. But they are having trouble getting there.
It would have been a lot cheaper for them to just submit the required disclosures through OTC markets and get pink current. The fact that they didn't do that, and instead when through the extra costs, time and effort to do a Form 10, tells me that meeting OTC disclosure guidelines isn't a viable option for them for some reason.
I'm not sure they are doing much better with the Form 10. My understanding is that there were some delays getting it filed, and now that it is filed, it looks a bit lacking in some areas. One thing that I noticed is that no exhibits were provided for any of the recent material events (purchase agreements for the new subsidiaries, changes in control, etc.). I'm pretty sure that even if they happened subsequent to the reporting period, they still should be included as exhibits since they weren't included with any of the 8Ks.
Anyways, if the Form 10 doesn't clear and getting current with OTC Markets is off the table, then I have no idea what plan C would be. They may end up being on the expert market indefinitely. Just look at MEDH (another former Jason Black/Mark Miller stock). That one is still sitting on the Expert Market months after being moved there.
In any case, I expect this board will be pretty dead at least for the next few weeks. Maybe in the future, they'll finally solve the puzzle and right the ship. For now, the group that ran the CNNA pump&dump is going to be focused on SAPX. Note holders will be looking to sell a bunch of stock over there next, so that will be priority number one for them.
This was just a quick stop for me. I saw some notable updates here and with IGEX that has to do with past research I did and took notice.
Good luck to you.
Yes Expert Market not Caveat Emptor.
A CE would be better. It's much easier to get the CE taken off than it is to get off the expert market.
I have no idea what a GS scam is or what you are even talking about when you say GS scam.
I find it hard to believe that anybody would be so stupid as to pretend to be two different people to fake a change in CEO, not once, but in 3 different public companies.
Who is pulling the strings for Jason Tucker may be a different story.
But for those that are entertaining the idea that Jason Tucker and Jason Black may be the same person, mainly because Jason Tucker has never shown his face while talking and because of some minor similarities in the voices, I pulled some examples of their signatures so that those could be used as another way to compare the two:
I'm no handwriting expert, so I have no opinion on the signatures. Just throwing them out there for others to see.
Let me help out with that a little bit with some Financials 101
Revenues can be found in the section called "Revenues"
Which is on page F-3
https://www.sec.gov/Archives/edgar/data/1368620/000168316823004121/cannamerican_1012g.htm
They had $0 in Revenues and $0 in Costs of Good Sold, because they didn't do anything or sell anything to make any money. They had no business operations during the reporting periods.
What you are referring to on page F-5 is an increase in how they calculated the net income,
which if you read the MD&A to the financials was calculated as a positive amount because they adjusted how the derivative liability was calculated with regards to the debt Notes.
The way I understand it is that the debt notes have terms for conversion that are often well below the market price, so it's considered a big loss on the balance sheet. The bigger the discount, the bigger the loss. For example if the note converts at a set price of $.001/share and the market price is $.10/share it is recorded as a huge loss in net income. But as the price falls, say to $.01/share, and then further, say to $.005/share, the difference between the value of the stock issued when the note is converted and the actual market price isn't as far apart, so an adjustment is made on the balance sheet in the positive direction.
There was also a lot of misleading information put out into the universe about the revenues of the company that CNNA allegedly recently acquired, Liberty Health Plus. Liberty Health Plus was nothing but a newly created company (only a few months old) that got paid a small commission for any new clients it referred to Careington International Corp.
CNNA tried to spin it like the relationship between Liberty and Careington was way more than it was, but in reality, CNNA has no ownership in Careington International Corp, and the company that CNNA does allegedly own only referred a handful of clients to Careington, amounting to revenues in the thousands of dollars (at most).
Others did some good DD on the individuals that created Liberty Health Plus and their criminal pasts.
It was nothing but a con job. Jason Tucker, the paper CEO that has now fronted for 3 Jason Black linked stocks (LEAS, GEVI and now CNNA), was just here to provide cover and assist the pumpers by rolling out some misleading press releases and misleading tweets, while old debt notes linked to Capitol Capital Corp (an entity linked to convicted securities fraudster Mark Miller) was converted into free trading stock and dumped into the market.
This pump helped the CNNA insiders dump over 253,000,000 newly created free trading stock into the market right before the CE hit. This can be verified using the TA numbers posted on OTC markets.
And now you'll notice a lot of the same people that were pushing this pump&dump have moved over to another Jason Black linked stock - SAPX, which also just so happened to be loaded up with Capitol Capital Corp notes. Those debt notes have since been transferred to another company named Via Capital, represented in the SAPX filings by Jesus Cipriano. But the premise is the same.
They'll probably
1) bring in some next to worthless new operations,
2) mislead everybody into thinking the newly acquired business is way better than it really is, using a bunch of misleading press releases and tweets,
3) the same group that was pumping CNNA on social media and the message boards will be all over SAPX,
4) and while all that is going on, insiders will be dumping a bunch of newly issued free trading stock from debt conversions into the market.
They'll line their pockets, while the people chasing the pump and holding the stock because they believe the hype will get hit with significant loses, like what happened with CNNA.
Regarding Jason Black's role and connection to the Mark Miller coverup here. This OTC Filing was done in November of 2019 for the period ending October 23, 2019, while Jason Black was the CEO.
https://www.otcmarkets.com/otcapi/company/financial-report/233759/content
So where is the Note?
Looks to me like Jason Black checked the box that there were no outstanding debt notes.
Why didn't Jason Black disclose the note? He was very well aware of the Note. He signed an agreement on July 17, 2019 to split the proceeds from the note, with Jason Black getting 12.5% through his "Market Cap" entity.
https://drive.google.com/file/d/1rZqQDBYld4Ijxv3dSpObr95obbwyx7Uv/view?pli=1
Where are the conversions that were done in October 2019, prior to the period end date of October 31, 2019?
According to the filing done this week, correcting past filings, 136,130,000 shares were issued to Capitol Capital Corp on October 17, 2019 for a note conversion and 136,130,000 share were issued to Capitol Capital Corp on October 31, 2019 for a note conversion.
But Jason Black didn't list those conversions in the OTC filing he did on November 7, 2019 for the period ending October 31, 2019.
https://www.otcmarkets.com/otcapi/company/financial-report/233759/content
Why not?
This is Jason Black's signature attesting to the accuracy of the filing isn't it?
Capitol Capital Corp was registered in New York, but Capitol Capital Corp was domiciled in Wyoming. The New York entity even says this:
And this Wyoming SOS filing shows that Mark Miller became the sole control person of Capitol Capital Corp on October 6, 2019 and changed the address to P.O. Box 194, Pequot Lakes, Minnesota, right before the debt conversions started
https://drive.google.com/file/d/1CNfmQROrmWVvbdjwOXEIR0nLNgj_3aq9/view
Miller then moved the entity to Colorado in December 2019
https://drive.google.com/file/d/1NGHH9Qk1gGvW16RvKRSVn2UQt6IQUT2s/view?usp=sharing
And I think that Jason Black would know, as the CEO of IGEX from October 2019 through December 2019, exactly who was signing the paperwork for Capitol Capital Corp being presented to the Transfer Agent to facilitate the debt conversions.
Mark Miller (see this link for proof)
https://drive.google.com/file/d/1ltIq7yf6dhsapcYw0f2QTLDgNYr5j1xm/view
And I think Jason Black knew exactly where the money was going from the stock sales.
A bank account under the name Capitol Capital Corp controlled by Mark Miller.
That same bank account paid Jason Black (Market Cap Concepts LLC) $62,412,50 on December 16, 2019.
Jason Black can play dumb all he wants and can try to pretend that he knew nothing about the note and the note conversions and who controlled Capitol Capital Corp despite his name being all over the place as Capitol Capital Corp blazed a trial through several public issuers under Jason Black's management, including IGEX, MEDH, SAPX, and CNNA, but the facts speak otherwise.
Interesting Amended Filings this week. Did anybody notice what was added?
https://www.otcmarkets.com/otcapi/company/financial-report/374381/content
They finally disclosed the more than 1 billion free trading shares that were issued to Capitol Capital Corp between October 2019 and February 2020. (the ones in the image below with the ** next to them).
And no Capitol Capital Corp isn't Harold Salamon. That part is still incorrect. It's been verified in court filings that Capitol Capital Corp was controlled by Mark Miller during that time.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171952516
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170221088
It's also been verified in the MEDH filings
https://www.otcmarkets.com/otcapi/company/financial-report/343398/content
Up until now, Jason Black and his crew kept those shares hidden from ALL of the IGEX disclosures. They didn't want the public knowing that while Black was the CEO here, those more than 1 billion shares went to his buddy Mark Miller to be dumped into the market.
But obviously recent exposure must have somebody asking questions or they never would have suddenly decided to disclose those shares after all of this time.
Also added was a big share issuance to David Armenta.
JB and his crew just finished a disastrous pump & dump on CNNA touting misleading/fraudulent business operations while dumping over 257 million new free trading shares into the market. Now they are getting ready to do a pump & dump on JB's other ticker - SAPX (who the former the CEO says was hijacked by Jason Black) reminiscent of how Mark Miller and his associates hijacked BLLB, ECMH, UITA, DIGI, SMEV, BBDA and LEAS) .
CNNA and SAPX also gave dirty debt notes to Capitol Capital Corp (Mark Miller).
Some good related articles here:
https://www.securitieslawyer101.com/2023/shell-hijacker-mark-miller-sentenced-to-one-year-in-prison/
https://www.cnbc.com/2023/05/18/shell-company-stock-hijacker-sentenced-to-year-in-prison-.html
Most of the issuers on that list have notes that were already paid back with discounted free trading stock, contributing to the over $100 million in profits that the SEC says that Auctus sucked out of the market.
Recently, the SEC got a settlement with GPL Ventures and its owners (Alexander J. Dillon and Cosmin I. Panait) that included cancelling all active notes.
https://www.securitieslawyer101.com/2023/sec-obtains-final-judgments-against-alexander-j-dillon-cosmin-i-panait-and-their-corporate-entities-gpl-ventures-llc-and-gpl-management-llc/
There is a chance that the SEC charges against Auctus will result in a similar settlement.
If that happens it would be a nominal relief for the issuers that had outstanding convertible notes still owed to Auctus. I say nominal because some of the issuers that still have balances left on their notes no longer trade or were inactive anyways, and more often than not, penny stocks enter into toxic debt agreements with more than one toxic financier, so knocking one note off the books isn't going to save the company or its retail shareholders from future dilution from the other notes.
Assuming the remaining Auctus notes ultimately end up getting cancelled (like what happened with GPL Ventures), since most penny stock traders don't read SEC filings, most probably never knew the notes existed in the first place, and so they won't know the notes were cancelled. So even as pump fodder, the effect would be limited overall.
re: Auctus Fund (Sollami + Posner) - this article looks like it has a pretty full list of the issuers:
https://www.securitieslawyer101.com/2023/sec-charges-auctus-fund-management-llc-and-its-co-owners-louis-posner-and-alfred-sollami-with-acting-as-unregistered-securities-dealers/
It's all explained in the post I replied to linked here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170221088
Mark Miller was part of a group that included Jason Black (Market Cap Concepts LLC), John O'Shea, Robyn Goulding, David Goulding, Randall Goulding, Harold Salamon, and Randall Goulding, that conspired to create a Promissory Note in the name of a company named Capitol Capital Corporation, using fake debt and bogus consulting fees, in order to use the fake Note to create free trading stock of IGEX and then split the proceeds.
Mark Miller ended up hijacking Capitol Capital Corporation and then secretly used the Note as originally planned to create free trading stock to be sold into the market, cutting all but Jason Black out of the proceeds.
According to documents (linked below) submitted in the lawsuit filed in the United States District Court for the Northern District of Illinois by David Goulding, Howard Salamon, Robyn Goulding, and John O'Shea (the "Plaintiffs") against Mark Miller, while Capitol Capital Corporation was under Mark Miller's control from October 2019 - December 2019, at least 3 big share issuances (which were never disclosed in the IGEX OTC filings) were made to Capitol Capital Corporation:
136,100,000 shares in October 2019
180,000,000 shares in December 2019
210,000,000 shares in December 2019
https://drive.google.com/file/d/1ltIq7yf6dhsapcYw0f2QTLDgNYr5j1xm/view?usp=sharing
In each case, Capitol Capital Corporation had the shares transferred to Tiger Trout Capital LLC (Alan Masley) to hide the stock sales from the others in the group.
Tiger Trout Capital LLC then sold the stock into the market and sent a big chunk of the proceeds back to Capitol Capital Corporation.
As the following image shows, in December of 2019, $120,825 was transferred from Tiger Trout Capital LLC back to Capitol Capital Corporation. Then that money was split between Mark Miller and Jason Black (Market Cap Concepts LLC), with Black getting $62,412.50 from the stock sales on December 16, 2019.
At the time of the transfer, Jason Black was the CEO of IGEX, amounting to a kickback to the CEO for assisting Mark Miller with the scheme. Obviously, Jason Black was in on the scheme since (1) he made sure the stock issuances weren't disclosed in the IGEX filings, (2) he had to of signed off on the stock issuances as the CEO of IGEX at the time, and (3) he got a portion of the proceeds from the stock sales .
It's possible that more kickbacks were made to Jason Black in other months while IGEX was being diluted by stock being sold by Tiger Trout Capital LLC on behalf of Mark Miller and Jason Black, using the bogus debt Note. But unfortunately, that was the only bank statement submitted in the lawsuit.
https://drive.google.com/file/d/1v4JwIUH5UQ_jKB3NTKVCv4OXR6fX9jpJ/view?usp=sharing
As my original post (linked at the beginning of this post) explains, Jason Black also conspired with Mark Miller to set up debt Notes in other public issuers in which Jason Black was the CEO at the time. So it's possible the two conspired to create other fake debt notes then split the proceeds from the stock sales, while Jason Black was the CEO of those entities too.
There is reason to believe based on the filings from this lawsuit that there was also some kind of bogus debt/kickback scheme going on with MEDH, involving Jason Black and Mark Miller, using Richard Kilchelsky.
Obviously, there is also reason to be suspicious about CNNA and SAPX as well (which both involved Jason Black and Mark Miller and Capitol Capital Corporation and debt Notes).
Enjoy Prison Mark Miller
https://drive.google.com/file/d/1qAPI5Z9dyFDt1aTIBMu8fwGTFu4Y5aDh/view?usp=sharing
JUDGMENT IN A CRIMINAL CASE (filed 5/18/23)
UNITED STATES OF AMERICA
VS
MARK ALLEN MILLER
THE DEFENDANT has pleaded guilty to count 1 of the Indictment. CONSPIRACY TO COMMIT SECURITIES FRAUD.
The defendant is hereby committed to the custody of the United States Bureau of Prisons to be imprisoned for a total term of 12 months and 1 day as to count 1. Followed by 2 years of supervised release.
The court makes the following recommendations to the Bureau of Prisons: Incarceration at the FPC-Duluth, Duluth, MN
The defendant shall surrender for service of sentence at the institution designated by the Bureau of Prisons before 10:00 a.m. on Wednesday, August 16, 2023. If no institution has been designated by that date, the defendant shall surrender to the United States Marshal for this district in Minneapolis, Minnesota by 10:00 a.m. on Wednesday, August 16, 2023.
Enjoy Prison Mark Miller
https://drive.google.com/file/d/1qAPI5Z9dyFDt1aTIBMu8fwGTFu4Y5aDh/view?usp=sharing
JUDGMENT IN A CRIMINAL CASE (filed 5/18/23)
UNITED STATES OF AMERICA
VS
MARK ALLEN MILLER
THE DEFENDANT has pleaded guilty to count 1 of the Indictment. CONSPIRACY TO COMMIT SECURITIES FRAUD.
The defendant is hereby committed to the custody of the United States Bureau of Prisons to be imprisoned for a total term of 12 months and 1 day as to count 1. Followed by 2 years of supervised release.
The court makes the following recommendations to the Bureau of Prisons: Incarceration at the FPC-Duluth, Duluth, MN
The defendant shall surrender for service of sentence at the institution designated by the Bureau of Prisons before 10:00 a.m. on Wednesday, August 16, 2023. If no institution has been designated by that date, the defendant shall surrender to the United States Marshal for this district in Minneapolis, Minnesota by 10:00 a.m. on Wednesday, August 16, 2023.
Good to see. That's why I made this forum exposing him and his buddies, along with others involved in similar pump&dump activities using fake press releases, fake tweets, fake websites, and even some fake hijackings.
So the SEC has now brought charges against Mark Miller, Carlos Reyes, and Richard Tang (from this forum's ibox).
There are still another couple of names from the ibox I'd like to see named in an SEC complaint.
From the Carlos Reyes complaint:
https://www.sec.gov/litigation/complaints/2023/comp25703.pdf
https://www.sec.gov/litigation/litreleases/2023/lr25703.htm?utm_medium=email&utm_source=govdelivery
On at least 50 occasions, Reyes acquired large positions in thinly-traded over-the- counter (“OTC”) stocks and then generated investor interest in these stocks through fraudulent means, most often by causing the issuance of press releases that had not been authorized by the companies.
Almost just as shameful is all those pumpers that knew these were fake press releases and decided to jump on the band wagon and pump them as if the press releases were real, harming other investors in the process (they know who they are).
Good to see. I had set up a whole forum exposing him and his buddies, along with others involved in similar pump&dump activities using fake press releases, fake tweets, fake websites, and even some fake hijackings.
https://investorshub.advfn.com/Fake-Press-Release-Forum-36101
So the SEC has now brought charges against Mark Miller, Carlos Reyes, and Richard Tang (from that forum's ibox).
There are still another couple of names from that forum I'd like to see named in an SEC complaint.
From the Carlos Reyes complaint:
https://www.sec.gov/litigation/complaints/2023/comp25703.pdf
https://www.sec.gov/litigation/litreleases/2023/lr25703.htm?utm_medium=email&utm_source=govdelivery
On at least 50 occasions, Reyes acquired large positions in thinly-traded over-the- counter (“OTC”) stocks and then generated investor interest in these stocks through fraudulent means, most often by causing the issuance of press releases that had not been authorized by the companies.
Almost just as shameful is all those pumpers that knew these were fake press releases and decided to jump on the band wagon and pump them as if the press releases were real, harming other investors in the process (they know who they are).
It's a public document from his lawsuit against the SEC attempting to Quash an SEC Subpoena.
The document, which can be read at the following link, is the SEC's response in opposition to David LaMountain's attempt to Quash the subpoena.
https://drive.google.com/file/d/1LIVXQyCkR21wWtLuw2uOaWT7QcvmqoWc/view?usp=sharing
Well new litigation just came out just 3 1/2 months ago against Brian Kistler (CEO of FHLD) for his involvement in WSML.
https://www.sec.gov/litigation/litreleases/2022/lr25594.htm
https://www.sec.gov/litigation/complaints/2022/comp25594.pdf
It's impossible to know if there is more litigation yet to come.
David LaMountain was attempting to fight an SEC subpoena to get some of his bank records and the court quickly sided with the SEC, ruling that the subpoena would stand as the SEC proved it was pursuing a legitimate investigation.
The SEC was seeking LaMountain's bank records to investigate his connections to three pump and dumps that resulted in SEC litigation - Williamsville Sears Management, Inc. (“WSML”), Century Petroleum Corp. (“CYPE”) and AXM Pharma, Inc. (“AXMP”).
According to the SEC's response to LaMountain's Motion to Quash the subpoena, LaMountain was one of the largest traders of stock in WSML from March 2018 until the trading suspension and traded heavily in AXMP and CYPE. His trading profits went into the Bank account that the SEC wanted access to.
The SEC suspected, based on the timing and size of his trading in the three stocks, that LaMountain may have been assisting the operators of the pump and dump schemes by trading the stocks, especially WSML, in a manner that artificially boosted the stock prices.
No mention of Jason Tucker's involvement in scam ticker LEAS?
Gee I wonder why Jason Black is once again trying to hide his associations with his close buddy Mark Miller (see here for many other examples and also here for more examples)
Jason Tucker was just a front man for Jason Black and Mark Miller over at LEAS while Miller sold off a bunch of free trading shares he got for next to nothing by converting bogus debt, sharing the spoils with Black.
As soon as Miller was done selling off the stock he got in exchange for the bogus debt note, the shell changed hands and Tucker disappeared, having accomplished his only mission (fronting during the share selling scheme).
re: Brian Kistler
Took them a while, but I'm glad they finally got him for those Nigerian-linked pump&dumps.
I remember writing some stuff about that while it was happening
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141418337
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141524132
There is so much other stuff he could have been busted for (like NAFS, maybe SHGT - now revoked - and SEGN - which is now RIIII and other stock manipulation / share selling schemes - going back years and years), but I guess this is better than nothing.
------------
The SEC litigation release
https://www.sec.gov/litigation/litreleases/2022/lr25594.htm
and the complaint
https://www.sec.gov/litigation/complaints/2022/comp25594.pdf
There is no question that George has benefited financially. Money is no doubt a driving motivator in everything he does. That's usually his go to when he wants to put others down to build himself up - I have a bigger house, more money, more success, etc.
I don't follow any of that stuff nearly as closely as you or some others. I've seen some of the accusations though about how he earned some of the money used to expand his horse racing ventures and about his relationship with stock pumpers. And even casual observers know how George likes to exaggerate his achievements and how obsessed he can get with his reputation. His obsession about how others perceive him has led to some erratic behavior.
I honestly don't really follow any of his companies. But I suppose success is relative.
Has FORW been a success? Have FORW shareholders that have held that through all the changes from GRDO to FORW and the reverse split seen gains? They haven't reported any revenues to date. Did the company's investment in HMBL benefit the company or just George? The issuer is probably in better shape today than it would have been had it stayed GRDO under Bill Schaefer's control.
What would be considered a success for GVSI? At this point just getting a name/symbol change approved by FINRA and getting back to pink current might be enough to declare a victory. I'm sure the expectations on that have been much higher in the past though and most shareholders hoped for better results to date.
He did get SRNW and WNFT fully reporting again. I don't know much about those beyond that. I'm pretty shocked that he was able to make the progress he did with GOFF (WNFT). That was a very dirty shell. I guess we'll see what happens with those in the future. I'm sure like the typical penny stock, there will be lots of rumors and speculation along the way.
RETC and MEIL were blunders that amounted to nothing more than pump and dumps for penny stock traders.
I think most people would agree that HMBL was a massive failure. George convinced a lot of shareholders to buy that at much higher prices. Plus there was that whole reverse split disaster. George shouldn't have been involved in HMBL at all since he had a personal stake in the company. It looks really bad and opens him up to some possible legal issues in the future.
There definitely seems to be no shortage of drama around anything that George gets involved in. I think he revels in the attention though.
I always felt that GVSI had too messed up of a history to be a good custodianship shell.
That being said, George has put forth a commendable effort to try to clean up the shell. Most people wouldn't have gone as far as he has with his efforts.
I'm sure he'll exhaust all his options. I get the idea that he doesn't like to fail.
But I honestly couldn't tell you if he'll eventually accomplish his goals with the shell or not. Some shells are just too dirty, and all the good intentions and money in the world isn't going to fix that.
Only time will tell.
Yes, you are right. Kilchesky and Miller are brothers, not brother-in-laws.
I had heard it boths ways in the past and was more focused on the new info and got that detail wrong.
The SEC Complaint does verify that they are brothers
https://www.sec.gov/litigation/complaints/2021/comp25253.pdf
I'll remember that detail in any future related posts.
Share selling scam exposed (IGEX, MEDH, SAPX, CNNA)
On September 26, 2022, a Complaint was filed in the United States District Court for the Northern District of Illinois by David Goulding, Howard Salamon, Robyn Goulding, and John O'Shea (the "Plaintiffs") against Mark Miller.
https://drive.google.com/file/d/1v4JwIUH5UQ_jKB3NTKVCv4OXR6fX9jpJ/view?usp=sharing
According to the Complaint, on August 5, 2016, an entity named Capitol Capital Corp ("CCC") entered into a series of transactions involving Indo Global Exchanges Pte Ltd ("IGEX"), as follows:
1) CCC acquired an outstanding debt of $38,006 previously owned by Dermot Monaghan for an undisclosed amount of money, which was convertible into IGEX common stock at an undisclosed conversion rate.
2) In exchange for $25,000 and undisclosed services rendered, CCC received a $100,000 convertible debt note, convertible into IGEX common stock at 40% of the closing price (a 60% discount)
According to the Complaint, on July 17, 2019, CCC exercised its option to convert both the Monaghan Note and the $100,000 Note in return for 680,000,000 shares of IGEX.
According to the Complaint, each of the Plaintiffs and Miller had executed an Agreement to split the proceeds from the sale of the 680,000,000 shares, with the Plaintiffs receiving 75% of the proceeds.
The Plaintiffs claim that between October 2019 and December 2019, Action Stock Transfer (Justeene Blankenship) allowed Miller to convert the Notes into 872,260,000 shares (as detailed below) without the knowledge of any officer or director of CCC, which Miller sold, keeping all the proceeds for himself.
i) 136,130,000 shares on October 17, 2019, which were quickly sold into the market
ii) 136,130,000 shares on October 31, 2019, which were quickly sold into the market
iii) 180,000,000 shares on December 3, 2019, which were quickly sold into the market
iv) 210,000,000 shares on December 10, 2019, which were quickly sold into the market
v) 210,000,000 shares on December 16, 2019, which were quickly sold into the market
The Plaintiffs claim they learned about the stock sales on or about March 31, 2022.
And now, the Plaintiffs are now seeking 75% of the sales proceeds.
Based on the average share price during the selling period, they estimate their 75% of proceeds to be approximately $830,000.
A copy of the $38,006 Monaghan Note, dated May 15, 2015, that CCC allegedly purchased can be found at this link:
https://drive.google.com/file/d/1aXFh4ZvokqOt4cNpZB9ReEfwf_lv6rqX/view?usp=sharing
So far, it just sounds like a funny situation where one dirty penny stock player screwed over some other dirty penny stock players, but if you take a deeper look, there are crimes a plenty going on here.
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The players:
David Goulding - David Goulding was named in an SEC Complaint in 2009, along with his father, Randall Goulding, for engaging in fraud and deceit with their clients and prospective clients, misappropriating client assets, and misrepresenting the value of fifteen investment pools while acting as investment advisors through their company, The Nutmeg Group LLC.
https://www.sec.gov/litigation/complaints/2009/comp20972.pdf
A final judgment was entered in February 2020
https://www.sec.gov/litigation/litreleases/2020/lr24736.htm
While those proceedings were ongoing, the Goulding family became major players in Potnetwork Holdings, Inc (POTN), which saw several of its insiders Indicted for participating in a share selling scheme (Charles Vaccaro, Eli Taieb and Dror Svoria)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150208911
A superseded Indictment added Dennis Ruggeri, Kevin Hagen, and Josef Biton as defendants.
More info on the POTN pump&dump here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138041101
And the related CLCI pump&dump here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145766280
Randall Goulding - Randall Goulding (the father of David Goulding) spent time in prison after being charged with mail and tax fraud in the mid-1990s.
https://www.casemine.com/judgement/us/62c90471b50db97b28b6c1b6
See above for his involvement in Nutmeg Group and POTN.
Besides POTN, Randall Goulding was involved in the hijacking of a couple of abandoned tickers (GRPS and RSHN)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142477852
Randall, who is also an attorney, is currently fighting a suspension from appearing or practicing before the SEC
https://www.sec.gov/litigation/opinions/2020/34-88718.pdf
Robyn Goulding - based on information and belief, Robyn Goulding is the wife of Randall Goulding and the mother of David Goulding.
John O'Shea - According to public filings, John O'Shea was the CEO of IGEX from July 17, 2013 to May 16, 2019.
Jason Black - According to public filings, Jason Black was the CEO of IGEX from May 16, 2019 to August 16, 2019 and from September 4, 2019 to March 9, 2021.
Jason Black was recently named as a relief defendant in an elaborate scheme involving Richard Tang (an associate of Mark Miller), offshore money laundering groups, and hacked brokerage accounts used to manipulate the stock prices of Lotus Bio-Technology Development Corp (LBTD) and Good Gaming Inc (GMER)
https://www.securitieslawyer101.com/2022/sec-charges-glenn-b-laken-davies-wong-richard-tang-and-15-other-defendants-and-names-jason-black-as-a-relief-defendant-in-international-scheme-to-manipulate-stocks-using-hacked-us-brokerage-accounts/
https://www.sec.gov/litigation/complaints/2022/comp-pr2022-145.pdf
https://www.sec.gov/news/press-release/2022-145
Mark Miller - I exposed Miller for his involvement in hijacking several abandoned entities then using fake information to manipulate the stock prices and run pump&dumps and for his roles in LEAS and BBDA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143235663
https://drive.google.com/file/d/1uIuBGZOIYEJOh8QIdtSvSfSxVOT5dlRo/view?usp=sharing
https://drive.google.com/file/d/1N6Ef-xbQvJxn3UZ2mFwO9p_0KRtdVz6-/view?usp=sharing
He was charged by the SEC for those actions on June 20, 2021
https://investorshub.advfn.com/boards/replies.aspx?msg=164478208
https://www.sec.gov/litigation/complaints/2021/comp25118.pdf
https://www.sec.gov/litigation/complaints/2021/comp25253.pdf
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Capitol Capital Corp
Capitol Capital Corp was originally registered in Wyoming in 2012 by David Goulding
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=085004133199106207034083174173045069251028209082
That entity went delinquent in 2015 and was revoked by the Wyoming SOS by 2016.
A new Capitol Capital Corp was created on October 6, 2019 by Mark Miller and David Goulding with Mark Miller, David Goulding, and Randall Goulding each as 1/3 owners.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=081070131144060165007084120014057120194168078124
https://drive.google.com/file/d/1CNfmQROrmWVvbdjwOXEIR0nLNgj_3aq9/view?usp=sharing
Since 2019, Capitol Capital Corp has been involved in several public companies holding debt and shares. The ones that can be confirmed are the following:
Indo Global Exchanges Pte Ltd (IGEX)
MedX Holdings, Inc (MEDH)
CBD Life Sciences Inc (CBDL)
Seven Arts Entertainment, Inc (SAPX)
Cann American Corp (CNNA)
There is likely other public companies besides these.
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Now The Good Stuff
Bogus Note / Intentionally Misleading the Public
The Complaint claims that the Monaghan Note was acquired on August 5, 2016.
First, it should be noted that no documentation was filed with the Complaint showing that the Note was purchased from Monaghan on August 6, 2016.
Second, there is reason to believe it was ever actually purchased, or at least, not on the date they claimed it was.
According to SEC filings, Monaghan was owed $38,006 on July 31, 2016
https://www.otcmarkets.com/filing/html?id=15876280&guid=bhR-k6dk9qi-B3h
But According to subsequent SEC filings, Monaghan was still owed $38,006 on October 31, 2017 (the last period covered by the SEC filings)
https://www.otcmarkets.com/filing/html?id=15878374&guid=bhR-k6dk9qi-B3h
If the Note was actually purchased on August 5, 2016, then why do the SEC filings say that the Note still belonged to Monaghan at least through October 31, 2017?
The OTC filings done by IGEN starting in July 2019 fail to even acknowledge that there is any note owned by Monaghan or Capitol Capital Corp. It's not mentioned one single time. All indications are that by July 2019, this group knew they were going to use the Note for some kind of illegal share selling scheme and intentionally chose to not disclose the Note to the public.
https://www.otcmarkets.com/stock/IGEX/disclosure
The following image if from the Annual report for the period ending July 31, 2019 (not a single note on the books):
https://www.otcmarkets.com/otcapi/company/financial-report/227233/content
Was the $100,000 Note bogus too?
The $100,000 Note was allegedly issued on August 5, 2016, but none of the SEC filings covering the periods between October 31, 2016 and October 31, 2017 and none of the OTC filings mention the $100,000 Note (again see the image above - not a Note on the books).
https://www.otcmarkets.com/stock/IGEX/disclosure
The Note was either bogus, or the Goulding/Black/Miller group intentionally misled the public into thinking it didn't exist.
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Kickback Scheme?
So who was in on the share selling scheme?
Amazingly, the Complaint filed on September 26, 2022 included an exhibit for the alleged profit sharing agreement dated July 19, 2019:
https://drive.google.com/file/d/1rZqQDBYld4Ijxv3dSpObr95obbwyx7Uv/view?usp=sharing
The agreement was between:
John O'Shea, the CEO of IGEX from 2013 - 2019
Robyn Goulding
David Goulding, Randall Goulding, and Harold Salamon (representing Capitol Capital Corporation)
Randall Goulding (representing Securities Counselors Inc)
Jason Black, the CEO of IGEX from 2019 - 2021 (representing Market Cap Concepts LLC)
Mark Miller
According to the Agreement, the group agreed that the $38,006 Monaghan Note and $100,000 CCC Note, would be converted into 680,000,000 shares of IGEX. And the 680,000,000 would be sold into the market with the group splitting the proceeds as follows:
The first $128,102.23 would be split 15.4% each to John O'Shea, Howard Salamon, David Goulding and Randall Goulding, 38.57% to Securities Counselors Inc, and 12.5% each to Mark Miller and Jason Black.
After that, John O'Shea would get 37.5%, and Howard Salamon, David Goulding, Randall Goulding, Mark Miller, and Jason Black would each get 12.5%
Jason Black and Mark Miller would provide services to IGEX by seeking private companies for IGEX to acquire to earn their share of the proceeds.
Capitol Capital Corp (Harold Salamon, Randall Goulding, and David Goulding) provided the $25,000 cash used to create the $100,000 CCC Note to earn its share.
Securities Counselors Inc I assume was to provide the legal opinions to remove the restrictive legends from the 680,000,000 shares to earn its shares.
Now keep in mind that Jason Black was the CEO of IGEX from May 16, 2019 to August 16, 2019 and from September 4, 2019 to March 9, 2021, which means that his payment amounts to a kickback to him for supporting the share selling scheme.
And John O'Shea was the CEO of IGEX when all of this was being put together, so since he provided no cash or services to earn his share of the proceeds, it appears it was yet another kickback for his role as an executive facilitating the scheme.
The odd thing is that the agreement was dated July 17, 2017 (if you look at the opening paragraph) but was executed on July 19, 2019. According to the lawsuit, the July 17, 2017 date was an error:
The July 17, 2017 date doesn't seen to be a coincidence though. When IGEX started making public disclosures in June of 2019 (after being dark for more approximately 18 months), John O'Shea claimed that on that very same date, July 17, 2017, he temporarily resigned as the CEO and president, letting a relative, Tom Shea, temporarily take over as the president and CEO from July 17, 2017 until January 30, 2018:
https://www.otcmarkets.com/filing/html?id=13507459&guid=bhR-k6dk9qi-B3h
But even that appears to be yet another lie.
John O'Shea signed as the president of IGEX on January 25, 2018 when IGEX filed a Form 15 to suspend its reporting requirements with the SEC
https://www.otcmarkets.com/filing/html?id=12494212&guid=bhR-k6dk9qi-B3h
I'll let you make your own conclusions about that.
What Else Did They Hide?
So far we have this group hiding the debt Notes from the public and hiding the owners of the Note from the public.
But surely when Miller was doing all those conversions from October 2019 - December 2019, it was disclosed in the filings, right?
Nope.
IGEX actually provided the public with a OTC reports showing a starting balance of 1,777,171,024 shares and an ending balance of 3,007,261,731 (an increase of 1,230,090,706 shares), but only showed transactions for -49,669,193 shares (that's negative 49,669,193 shares). That means that 1,279,759,899 new shares were issued during the period from October 2019 - January 2020 without being disclosed.
https://www.otcmarkets.com/otcapi/company/financial-report/285663/content
Now we know who got 872,260,000 shares, but who got the other 407,499,899 shares that were hidden from the IGEX filings?
It appears that there was a second share selling scheme taking place at the same time as the first one.
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So Who Really Knew?
The Plaintiffs in the lawsuit claim that they didn't find out that any shares were issued to Mark Miller by the Transfer Agent until March 23, 2022.
But in the very same complaint, they contradict this statement more than once.
The Complaint claims that on October 13, 2019, before the first shares were issued to Miller, they knew Miller was under investigation by the SEC and asked him to put in writing that he didn't do anything illegal.
Which Miller did sign:
https://drive.google.com/file/d/1Ha0BGeHoIPNnWVRpLy7y3BD2mlE6xC88/view?usp=sharing
The Complaint says that Randall Goulding knew that 680,000,000 shares were issued to Miller in October 2019, and that Miller told Randall Goulding that he was unable to sell the shares because his broker, Pershing, told him that because of the Shell Risk Designation on the OTC Markets page for IGEX, the transaction might get declined.
And in the very same complaint, David Goulding admits that he knew that Miller had the 680,000,000 shares in January 20, 2020, when he asked Miller in an email if he had sold the shares yet.
Those paragraphs in the Complaint tell me that they wanted Miller to sell the shares and trusted him to split the proceeds with them as agreed upon. If that's the case, then they can't say that they didn't know.
And keep in mind that no Transfer Agent would ever execute a debt conversion without getting the Company to approve the transaction. So that means all of the Miller transactions had to be known by the Company and its officer and directors.
So who were the officers/directors of IGEX from October 2019 to December 2019?
According to the IGEX filings, Jason Black was the president and CEO from May 16, 2019 to August 16, 2019 and from September 4, 2019 to March 9, 2021, so he was obviously aware that Miller was converting the debt and selling stock.
If Jason Black knew about the sales, why didn't he inform the rest of the group? Perhaps Jason Black got his cut of the proceeds and more. It would explain why he isn't included as a Plaintiff in the lawsuit, but it does make you wonder why he isn't included as a defendant. Perhaps his name will show up in discovery or some other way later if the lawsuit progresses. Or better yet in future SEC litigation.
Jason Black does seem extremely loyal to Mark Miller. Of the other entities with proven transactions with Capitol Capital Corp (listed earlier in the post), four of the five involved Jason Black:
Indo Global Exchanges Pte Ltd (IGEX)
MedX Holdings, Inc (MEDH)
Cann American Corp (CNNA)
Seven Arts Entertainment, Inc (SAPX)
And what about the attorney who did the Legal Opinion for IGEX for OTC Markets, Joel Steven Mills.
Mr. Mills said he reviewed the shareholder records and the OTC reports, but yet he didn't happen to notice that Mark Miller was selling stock and that those shares weren't being disclosed in the OTC reports, and neither were the Notes used to create the shares?
https://www.otcmarkets.com/otcapi/company/financial-report/287469/content
It appears that IGEX wasn't the only stock that Mr. Mills was doing faulty Legal Opinions for. OTC Markets banned him on August 23, 2021
https://www.otcmarkets.com/learn/prohibited-service-providers
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So Let's Review
1) We have a possibly bogus $38,006 debt note issued to Capitol Capital Corp
2) We have a possibly bogus $100,000 debt note issued to Capitol Capital Corp
3) IGEX hid both of these notes from the public
4) IGEX hid that the notes were converted into free trading stock and sold into the market
5) Jason Black and John O'Shea agreed to receive proceeds from the sale of the shares issued for the notes, which amounts to illegal kickbacks since Black was a current officer/director and Shea was an officer/director while the scheme was being constructed
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Was Capitol Capital Corp hijacked?
In the Complaint, the Plaintiffs claim that the new Capitol Capital Corp created on October 6, 2019 was done without the knowledge of the Plaintiffs, and that Miller used their names in the filings fraudulently.
But the original Capitol Capital Corp became revoked by 2016 and had no license to conduct any business. If they had kept the business entity in good standing it would have been impossible to create a new entity by the same name.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=085004133199106207034083174173045069251028209082
Again, the paragraphs referenced in the previous section show that the Gouldings were well aware that Miller would be getting the Capitol Capital Corp shares in October 2019, and so, would they really be unaware that they were listed as incorporators with Miller when Capitol Capital Corp was registered as a business entity in Wyoming again on October 6, 2019?
https://drive.google.com/file/d/1CNfmQROrmWVvbdjwOXEIR0nLNgj_3aq9/view?usp=sharing
Possibly. It is very fishy how Miller claimed in the incorporation filing that Howard Salamon resigned and transferred his 25.3% ownership to Miller and appointed Miller as the new Chairman of the Board for the company.
It becomes even more fishy when on December 11, 2019, Miller moved Capitol Capital Corp to Colorado and claimed that David Goulding and Randall Goulding resigned in that same filing and transferred all their ownership to Miller, giving him full power of Capitol Capital Corp
https://drive.google.com/file/d/1NGHH9Qk1gGvW16RvKRSVn2UQt6IQUT2s/view?usp=sharing
Miller's response to the lawsuit will be interesting. So far, he has only really argued that Illinois isn't the proper jurisdiction.
https://drive.google.com/file/d/18xwpFMiPFY2bzsWKzpdrdFx9Cj-LWPCA/view?usp=sharing
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The Other CCC Stocks
Now that we know that Capitol Capital Corp was involved in an illegal share selling/kickback scheme with IGEX, it stands to reason that they might have been running similar schemes with other companies.
MedX Holdings Inc (MEDH)
According to OTC filings, Mark Miller transferred his control block of MEDH stock to Jason Black on December 20, 2019, in exchange for MEDH owing Mark Miller $70,000 in the form of a convertible debt note, convertible at $.001/share.
Then on January 3, 2020, MEDH issued Capitol Capital Corp a $7,500 Note convertible at $.001/share. At the time, despite Harold Salamon allegedly resigning in October 2019, Salamon was listed in the MEDH filings as the control person for Capital Capital Corp.
Somehow after issuing Capitol Capital Corp 5,000,000 shares to pay off $5,000 in debt on June 30, 2020 and 5,000,000 shares to pay off $5,000 in debt on July 27, 2020 (before the Note had even matured), the Note still had a balance of $7,500 because it was earning interest so quickly.
Based on the market price of the stock on those days, that was $128,000 worth of stock towards just interest on a $7,500 Note.
The June 30, 2020 and July 27, 2020 Capitol Capital Corp conversions were later changed in the filings to shares issued to Richard Kilchelsky (Northwoods Elite LLC).
Richard Kilchelsky lives in Breezy Point, Minnesota (the same town as Mark Miller), and I've been told that he is Mark Miller's brother-in-law. Miller used the Kilchelsky brothers as officers in UITA when he hijacked that shell.
https://mblsportal.sos.state.mn.us/Business/SearchDetails?filingGuid=86516778-7cda-e911-9184-00155d01b4fc
https://www.otcmarkets.com/filing/html?id=12638952&guid=6VR-kWjo5tLaKch
Kilchelsky would also get another 265,000,000 MEDH shares at $.0001/share in 2020 and 2021, worth around $1.5 million for a $18,500 debt note that Jason Black added to the MEDH balance sheet right after he took control.
The remaining balance of the Capitol Capital Corp note was converted into 292,000,000 free trading shares at $.0001/share paid to Mark Miller according to the MEDH filings.
https://www.otcmarkets.com/otcapi/company/financial-report/330087/content
Those 292,000,000 shares would have carried a value of roughly $1,000,000.
Jason Black didn't stick around long - he left as the CEO of MEDH in June 2020 after the enrichment scheme was set up.
The big question is - did he also receive a percentage of the proceeds as a kickback from the Capital Capital Corp Note and Kilchelsky Note?
Cann American Corp (CNNA)
Under Jason Black's direction as the CEO of CNNA, CNNA issued not one, but two large debt Notes to Capitol Capital Corp (Mark Miller) in 2020.
A $90,125 Note on September 1, 2020, convertible at $.0001/share, and a $70,830 Note on December 2, 2020, convertible at $.001/share.
At $.0001/share, $90,125 is 901,250,000 shares, and at $.001/share, $70,830 is 70,830,000 shares.
But Jason Black hides Mark Miller's involvement by saying that Capitol Capital Corp is controlled by Howard Salamon.
So far, Capitol Capital Corp has received 60,000,000 shares for $6,000 of debt in September and October of 2021. Based on the market price during that time, the stock was worth around $900,000.
https://www.otcmarkets.com/otcapi/company/financial-report/348802/content
I can't help but wonder if Jason Black has any kind of proceed sharing/kickback arrangement with Capitol Capital Corp in CNNA as well.
Currently, the Notes carry outstanding balances of $98,180 convertible into 981,800,000 shares and $75,000 convertible into 75,000,000 shares. Those 1,056,800,000 shares are currently worth $2,853,360 based on the current share price of $.0027.
Seven Arts Entertainment, Inc (SAPX)
When Jason Black took over the dormant SAPX shell in July 2021, it had no debt notes.
https://www.otcmarkets.com/otcapi/company/financial-report/296945/content
By August 1, 2021, it had a $51,135 Note owed to Capitol Capital Corp (Mark Miller) convertible at $.001/share. It was as if that was the whole point of taking over control of the shell was to use it for yet another share selling scheme involving Capitol Capital Corp (Mark Miller).
But again, Black hides Mark Miller's involvement by saying that Howard Salamon controls Capitol Capital Corp.
As of June 30, 2022, the CCC Note had a balance of $55,334 because of interest. It became due on August 2, 2022. And since August 2, 2022, SAPX has seen its float grow by exactly 55,000,000 shares.
Since the Capitol Capital Corp Note is the only thing that new free trading shares could be issued towards, it seems this share selling scheme is also now under way.
55,000,000 shares at $.001/share would be $55,000 worth of debt (basically covering the entire August 1, 2021 Note). Based on the market price during August, when the stock was likely being sold, the 55,000,000 shares were worth around $125,000.
Besides the August 1, 2021 Note, SAPX announced a line of credit arrangement with Capitol Capital Corp, to provide up to $1,500,000 on a revolving line of credit over six months with an interest rate of 9% per annum, starting on September 2, 2021. The Agreement was Amended on April 1, 2022 to a one year term, with advances convertible into shares of common stock at par value of $0.0001.
According to the most recent report, Capitol Capital Corp has advanced $164,254 to the company so far. (Note 8 in the financial section)
https://www.otcmarkets.com/otcapi/company/financial-report/344105/content
At $.0001/share, $164,254 converts into 1,642,640,000 shares in the future.
That's a great deal considering the stock currently trades at $.0013/share, making the stock worth $2,135,432 before any future pump and dump action.
The big question again is if Jason Black has any kind of proceed sharing arrangement with Capitol Capital Corp.
What can't be denied is how closely Jason Black likes to work with Mark Miller.
One final note: SAPX, MEDH, and CNNA all use the same legal counsel, Anthony F Newton. Newton was also the legal counsel for LEAS, which hid Mark Miller's involvement while Newton was signing Attorney Letters for the Issuer.
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Will Mark Miller and Jason Black get busted again?
I'm pretty sure the SEC would be very interested to learn that Mark Miller has been making all this money through these share selling schemes while being charged by the SEC for his previous scams and to learn just how closely Jason Black (already named once as a relief defendant in an SEC action) has been working with Mark Miller through it all.
Share selling scam exposed (IGEX, MEDH, SAPX, CNNA)
On September 26, 2022, a Complaint was filed in the United States District Court for the Northern District of Illinois by David Goulding, Howard Salamon, Robyn Goulding, and John O'Shea (the "Plaintiffs") against Mark Miller.
https://drive.google.com/file/d/1v4JwIUH5UQ_jKB3NTKVCv4OXR6fX9jpJ/view?usp=sharing
According to the Complaint, on August 5, 2016, an entity named Capitol Capital Corp ("CCC") entered into a series of transactions involving Indo Global Exchanges Pte Ltd ("IGEX"), as follows:
1) CCC acquired an outstanding debt of $38,006 previously owned by Dermot Monaghan for an undisclosed amount of money, which was convertible into IGEX common stock at an undisclosed conversion rate.
2) In exchange for $25,000 and undisclosed services rendered, CCC received a $100,000 convertible debt note, convertible into IGEX common stock at 40% of the closing price (a 60% discount)
According to the Complaint, on July 17, 2019, CCC exercised its option to convert both the Monaghan Note and the $100,000 Note in return for 680,000,000 shares of IGEX.
According to the Complaint, each of the Plaintiffs and Miller had executed an Agreement to split the proceeds from the sale of the 680,000,000 shares, with the Plaintiffs receiving 75% of the proceeds.
The Plaintiffs claim that between October 2019 and December 2019, Action Stock Transfer (Justeene Blankenship) allowed Miller to convert the Notes into 872,260,000 shares (as detailed below) without the knowledge of any officer or director of CCC, which Miller sold, keeping all the proceeds for himself.
i) 136,130,000 shares on October 17, 2019, which were quickly sold into the market
ii) 136,130,000 shares on October 31, 2019, which were quickly sold into the market
iii) 180,000,000 shares on December 3, 2019, which were quickly sold into the market
iv) 210,000,000 shares on December 10, 2019, which were quickly sold into the market
v) 210,000,000 shares on December 16, 2019, which were quickly sold into the market
The Plaintiffs claim they learned about the stock sales on or about March 31, 2022.
And now, the Plaintiffs are now seeking 75% of the sales proceeds.
Based on the average share price during the selling period, they estimate their 75% of proceeds to be approximately $830,000.
A copy of the $38,006 Monaghan Note, dated May 15, 2015, that CCC allegedly purchased can be found at this link:
https://drive.google.com/file/d/1aXFh4ZvokqOt4cNpZB9ReEfwf_lv6rqX/view?usp=sharing
So far, it just sounds like a funny situation where one dirty penny stock player screwed over some other dirty penny stock players, but if you take a deeper look, there are crimes a plenty going on here.
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The players:
David Goulding - David Goulding was named in an SEC Complaint in 2009, along with his father, Randall Goulding, for engaging fraud and deceit with their clients and prospective clients, misappropriating client assets, and misrepresenting the value of fifteen investment pools while acting as investment advisors through their company, The Nutmeg Group LLC.
https://www.sec.gov/litigation/complaints/2009/comp20972.pdf
A final judgment was entered in February 2020
https://www.sec.gov/litigation/litreleases/2020/lr24736.htm
While those proceedings were ongoing, the Goulding family became major players in Potnetwork Holdings, Inc (POTN), which saw several of its insiders Indicted for participating in a share selling scheme (Charles Vaccaro, Eli Taieb and Dror Svoria)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150208911
A superseded Indictment added Dennis Ruggeri, Kevin Hagen, and Josef Biton as defendants.
More info on the POTN pump&dump here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138041101
And the related CLCI pump&dump here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145766280
Randall Goulding - Randall Goulding (the father of David Goulding) spent time in prison after being charged for mail and tax fraud in the mid-1990s.
https://www.casemine.com/judgement/us/62c90471b50db97b28b6c1b6
See above for his involvement in Nutmeg Group and POTN.
Besides POTN, the Randall Goulding was involved in the hijacking of a couple of abandoned tickers (GRPS and RSHN)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142477852
Randall, who is also an attorney, is currently fighting a suspension from appearing or practicing before the SEC
https://www.sec.gov/litigation/opinions/2020/34-88718.pdf
Robyn Goulding - based on information and belief, Robyn Goulding is the wife of Randall Goulding and the mother of David Goulding.
John O'Shea - According to public filings, John O'Shea was the CEO of IGEX from July 17, 2013 to May 16, 2019.
Jason Black - According to public filings, Jason Black was the CEO of IGEX from May 16, 2019 to August 16, 2019 and from September 4, 2019 to March 9, 2021.
Jason Black was recently named as a relief defendant in an elaborate scheme involving Richard Tang (an associate of Mark Miller), offshore money laundering groups, and hacked brokerage accounts used to manipulate the stock prices of Lotus Bio-Technology Development Corp (LBTD) and Good Gaming Inc (GMER)
https://www.securitieslawyer101.com/2022/sec-charges-glenn-b-laken-davies-wong-richard-tang-and-15-other-defendants-and-names-jason-black-as-a-relief-defendant-in-international-scheme-to-manipulate-stocks-using-hacked-us-brokerage-accounts/
https://www.sec.gov/litigation/complaints/2022/comp-pr2022-145.pdf
https://www.sec.gov/news/press-release/2022-145
Mark Miller - I exposed Miller for his involvement in hijacking several abandoned entities then using fake information to manipulate the stock prices and run pump&dumps and for his roles in LEAS and BBDA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143235663
https://docs.google.com/document/d/1pLhwugWDhBuqwjhGFoZ4qWb3b1o8aSj1zHUZ48fMeSc/edit
He was charged by the SEC for those actions on June 20, 2021
https://investorshub.advfn.com/boards/replies.aspx?msg=164478208
https://www.sec.gov/litigation/complaints/2021/comp25118.pdf
https://www.sec.gov/litigation/complaints/2021/comp25253.pdf
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Capitol Capital Corp
Capitol Capital Corp was originally registered in Wyoming in 2012 by David Goulding
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=085004133199106207034083174173045069251028209082
That entity went delinquent in 2015 and was revoked by the Wyoming SOS by 2016.
A new Capitol Capital Corp was created on October 6, 2019 by Mark Miller and David Goulding with Mark Miller, David Goulding, and Randall Goulding each as 1/3 owners.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=081070131144060165007084120014057120194168078124
https://drive.google.com/file/d/1CNfmQROrmWVvbdjwOXEIR0nLNgj_3aq9/view?usp=sharing
Since 2019, Capitol Capital Corp has been involved in several public companies holding debt and shares. The ones that can be confirmed are the following:
Indo Global Exchanges Pte Ltd (IGEX)
MedX Holdings, Inc (MEDH)
CBD Life Sciences Inc (CBDL)
Seven Arts Entertainment, Inc (SAPX)
Cann American Corp (CNNA)
There is likely other public companies besides these.
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Now The Good Stuff
Bogus Note / Intentionally Misleading the Public
The Complaint claims that the Monaghan Note was acquired on August 5, 2016.
First, it should be noted that no documentation was filed with the Complaint showing that the Note was purchased from Monaghan on August 6, 2016.
Second, there is reason to believe it was ever actually purchased, or at least, not on the date they claimed it was.
According to SEC filings, Monaghan was owed $38,006 on July 31, 2016
https://www.otcmarkets.com/filing/html?id=15876280&guid=bhR-k6dk9qi-B3h
But According to subsequent SEC filings, Monaghan was still owed $38,006 on October 31, 2017 (the last period covered by the SEC filings)
https://www.otcmarkets.com/filing/html?id=15878374&guid=bhR-k6dk9qi-B3h
If the Note was actually purchased on August 5, 2016, then why do the SEC filings say that the Note still belonged to Monaghan at least through October 31, 2017?
The OTC filings done by IGEN starting in July 2019 fail to even acknowledge that there is any note owned by Monaghan or Capitol Capital Corp. It's not mentioned one single time. All indications are that by July 2019, this group knew they were going to use the Note for some kind of illegal share selling scheme and intentionally chose to not disclose the Note to the public.
https://www.otcmarkets.com/stock/IGEX/disclosure
The following image if from the Annual report for the period ending July 31, 2019 (not a single note on the books):
https://www.otcmarkets.com/otcapi/company/financial-report/227233/content
Was the $100,000 Note bogus too?
The $100,000 Note was allegedly issued on August 5, 2016, but none of the SEC filings covering the periods between October 31, 2016 and October 31, 2017 and none of the OTC filings mention the $100,000 Note (again see the image above - not a Note on the books).
https://www.otcmarkets.com/stock/IGEX/disclosure
The Note was either bogus, or the Goulding/Black/Miller group intentionally misled the public into thinking it didn't exist.
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Kickback Scheme?
So who was in on the share selling scheme?
Amazingly, the Complaint filed on September 26, 2022 included an exhibit for the alleged profit sharing agreement dated July 19, 2019:
https://drive.google.com/file/d/1rZqQDBYld4Ijxv3dSpObr95obbwyx7Uv/view?usp=sharing
The agreement was between:
John O'Shea, the CEO of IGEX from 2013 - 2019
Robyn Goulding
David Goulding, Randall Goulding, and Harold Salamon (representing Capitol Capital Corporation)
Randall Goulding (representing Securities Counselors Inc)
Jason Black, the CEO of IGEX from 2019 - 2021 (representing Market Cap Concepts LLC)
Mark Miller
According to the Agreement, the group agreed that the $38,006 Monaghan Note and $100,000 CCC Note, would be converted into 680,000,000 shares of IGEX. And the 680,000,000 would be sold into the market with the group splitting the proceeds as follows:
The first $128,102.23 would be split 15.4% each to John O'Shea, Howard Salamon, David Goulding and Randall Goulding, 38.57% to Securities Counselors Inc, and 12.5% each to Mark Miller and Jason Black.
After that, John O'Shea would get 37.5%, and Howard Salamon, David Goulding, Randall Goulding, Mark Miller, and Jason Black would each get 12.5%
Jason Black and Mark Miller would provide services to IGEX by seeking private companies for IGEX to acquire to earn their share of the proceeds.
Capitol Capital Corp (Harold Salamon, Randall Goulding, and David Goulding) provided the $25,000 cash used to create the $100,000 CCC Note to earn its share.
Securities Counselors Inc I assume was to provide the legal opinions to remove the restrictive legends from the 680,000,000 shares to earn its shares.
Now keep in mind that Jason Black was the CEO of IGEX from May 16, 2019 to August 16, 2019 and from September 4, 2019 to March 9, 2021, which means that his payment amounts to a kickback to him for supporting the share selling scheme.
And John O'Shea was the CEO of IGEX when all of this was being put together, so since he provided no cash or services to earn his share of the proceeds, it appears it was yet another kickback for his role as an executive facilitating the scheme.
The odd thing is that the agreement was dated July 17, 2017 (if you look at the opening paragraph) but was executed on July 19, 2019. According to the lawsuit, the July 17, 2017 date was an error:
The July 17, 2017 doesn't seen to be a coincidence though. When IGEX started making public disclosures in June of 2019 (after being dark for more approximately 18 months), John O'Shea claimed that on that very same date, July 17, 2017, he temporarily resigned as the CEO and president, letting a relative, Tom Shea, temporarily take over as the president and CEO from July 17, 2017 until January 30, 2018:
https://www.otcmarkets.com/filing/html?id=13507459&guid=bhR-k6dk9qi-B3h
But even that appears to be yet another lie.
John O'Shea signed as the president of IGEX on January 25, 2018 when IGEX filed a Form 15 to suspend its reporting requirements with the SEC
https://www.otcmarkets.com/filing/html?id=12494212&guid=bhR-k6dk9qi-B3h
I'll let you make your own conclusions about that.
What Else Did They Hide?
So far we have this group hiding the debt Notes from the public and hiding the owners of the Note from the public.
But surely when Miller was doing all those conversion from October 2019 - December 2019, it was disclosed in the filings, right?
Nope.
IGEX actually provided the public with a OTC reports showing a starting balance of 1,777,171,024 shares and an ending balance of 3,007,261,731 (an increase of 1,230,090,706 shares), but only showed transactions for -49,669,193 shares (that's negative 49,669,193 shares). That means that 1,279,759,899 new shares were issued during the period from October 2019 - January 2020 without being disclosed.
https://www.otcmarkets.com/otcapi/company/financial-report/285663/content
Now we know who got 872,260,000 shares, but who got the other 407,499,899 shares that were hidden from the IGEX filings?
It appears that there was a second share selling scheme taking place at the same time as the first one.
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So Who Really Knew?
The Plaintiffs in the lawsuit claim that they didn't find out that any shares were issued to Mark Miller by the Transfer Agent until March 23, 2022.
But in the very same complaint, they contradict this statement more than once.
The Complaint claims that on October 13, 2019, before the first shares were issued to Miller, they knew Miller was under investigation by the SEC and asked him to put in writing that he didn't do anything illegal.
Which Miller did sign:
https://drive.google.com/file/d/1Ha0BGeHoIPNnWVRpLy7y3BD2mlE6xC88/view?usp=sharing
The Complaint says that Randall Goulding knew that 680,000,000 shares were issued to Miller in October 2019, and that Miller told Randall Goulding that he was unable to sell the shares because his broker, Pershing, told him that because of the Shell Risk Designation on the OTC Markets page for IGEX, the transaction might get declined.
And in the very same complaint, David Goulding admits that he knew that Miller had the 680,000,000 shares in January 20, 2020, when he asked Miller in an email if he had sold the shares yet.
Those paragraphs in the Complaint tell me that they wanted Miller to sell the shares and trusted him to split the proceeds with them as agreed upon. If that's the case, then they can't say that they didn't know.
And keep in mind that no Transfer Agent would ever execute a debt conversion without getting the Company to approve the transaction. So that means all of the Miller transactions had to be known by the Company and it's officer and directors.
So who were the officers/directors of IGEX from October 2019 to December 2019?
According to the IGEX filings, Jason Black was the president and CEO from May 16, 2019 to August 16, 2019 and from September 4, 2019 to March 9, 2021, so he was obviously aware that Miller was converting the debt and selling stock.
If Jason Black knew about the sales, why didn't he inform the rest of the group? Perhaps Jason Black got his cut of the proceeds and more. It would explain why he isn't included as a Plaintiff in the lawsuit, but it does make you wonder why he isn't included as a defendant. Perhaps his name will show up in discovery or some other way later if the lawsuit progresses. Or better yet in future SEC litigation.
Jason Black does seem extremely loyal to Mark Miller. Of the other entities with proven transactions with Capitol Capital Corp (listed earlier in the post), four of the five involved Jason Black:
Indo Global Exchanges Pte Ltd (IGEX)
MedX Holdings, Inc (MEDH)
Cann American Corp (CNNA)
Seven Arts Entertainment, Inc (SAPX)
And what about the attorney who did the Legal Opinion for IGEX for OTC Markets, Joel Steven Mills.
Mr. Mills said he reviewed the shareholder records and the OTC reports, but yet he didn't happen to notice that Mark Miller was selling stock and that those shares weren't being disclosed in the OTC reports, and neither were the Notes used to create the shares?
https://www.otcmarkets.com/otcapi/company/financial-report/287469/content
It appears that IGEX wasn't the only stock that Mr. Mills was doing faulty Legal Opinions for. OTC Markets banned him on August 23, 2021
https://www.otcmarkets.com/learn/prohibited-service-providers
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So Let's Review
1) We have a possibly bogus $38,006 debt note issued to Capitol Capital Corp
2) We have a possibly bogus $100,000 debt note issued to Capitol Capital Corp
3) IGEX hid both of these notes from the public
4) IGEX hid that the notes were converted into free trading stock and sold into the market
5) Jason Black and John O'Shea agreed to receive proceeds from the sale of the shares issued for the notes, which amounts to illegal kickbacks since Black was a current officer/director and Shea was an officer/director while the scheme was being constructed
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Was Capitol Capital Corp hijacked?
In the Complaint, the Plaintiffs claim that the new Capitol Capital Corp created on October 6, 2019 was done without the knowledge of the Plaintiffs, and that Miller used their names in the filings fraudulently.
But the original Capitol Capital Corp became revoked in by 2016 and had no license to conduct any business. If they had kept the business entity in good standing it would have been impossible to create a new entity by the same name.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=085004133199106207034083174173045069251028209082
Again, the paragraphs referenced in the previous section show that the Gouldings were well aware that Miller would be getting the Capitol Capital Corp shares in October 2019, and so, would they really be unaware that they were listed as incorporators with Miller when Capitol Capital Corp was registered as a business entity in Wyoming again on October 6, 2019?
https://drive.google.com/file/d/1CNfmQROrmWVvbdjwOXEIR0nLNgj_3aq9/view?usp=sharing
Possibly. It is very fishy how Miller claimed in the incorporation filing that Howard Salamon resigned and transferred his 25.3% ownership to Miller and appointed Miller as the new Chairman of the Board for the company.
It becomes even more fishy when on December 11, 2019, Miller moved Capitol Capital Corp to Colorado and claimed that David Goulding and Randall Goulding resigned in that same filing and transferred all their ownership to Miller, giving him full power of Capitol Capital Corp
https://drive.google.com/file/d/1NGHH9Qk1gGvW16RvKRSVn2UQt6IQUT2s/view?usp=sharing
Miller's response to the lawsuit will be interesting. So far, he has only really argued that Illinois isn't the proper jurisdiction.
https://drive.google.com/file/d/18xwpFMiPFY2bzsWKzpdrdFx9Cj-LWPCA/view?usp=sharing
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The Other CCC Stocks
Now that we know that Capitol Capital Corp was involved in an illegal share selling/kickback scheme with IGEX, it stands to reason that they might have been running similar schemes with other companies.
MedX Holdings Inc (MEDH)
According to OTC filings, Mark Miller transferred his control block of MEDH stock to Jason Black on December 20, 2019, in exchange for MEDH owing Mark Miller $70,000 in the form of a convertible debt note, convertible at $.001/share.
Then on January 3, 2020, MEDH issued Capitol Capital Corp a $7,500 Note convertible at $.001/share. At the time, despite Harold Salamon allegedly resigning in October 2019, Salamon was listed in the MEDH filings as the control person for Capital Capital Corp.
Somehow after issuing Capitol Capital Corp 5,000,000 shares to pay off $5,000 in debt on June 30, 2020 and 5,000,000 shares to pay off $5,000 in debt on July 27, 2020 (before the Note had even matured), the Note still had a balance of $7,500 because it was earning interest so quickly.
Based on the market price of the stock on those days, that was $128,000 worth of stock towards just interest on a $7,500 Note.
The June 30, 2020 and July 27, 2020 Capitol Capital Corp conversions were later changed in the filings to shares issued to Richard Kilchelsky (Northwoods Elite LLC).
Richard Kilchelsky lives in Breezy Point, Minnesota (the same town as Mark Miller), and I've been told that he is Mark Miller's brother-in-law. Miller used the Kilchelsky brothers as officers in UITA when he hijacked that shell.
https://mblsportal.sos.state.mn.us/Business/SearchDetails?filingGuid=86516778-7cda-e911-9184-00155d01b4fc
https://www.otcmarkets.com/filing/html?id=12638952&guid=6VR-kWjo5tLaKch
Kilchelsky would also get another 265,000,000 MEDH shares at $.0001/share in 2020 and 2021, worth around $1.5 million for a $18,500 debt note that Jason Black added to the MEDH balance sheet right after he took control.
The remaining balance of the Capitol Capital Corp note was converted into 292,000,000 free trading shares at $.0001/share paid to Mark Miller according to the MEDH filings.
https://www.otcmarkets.com/otcapi/company/financial-report/330087/content
Those 292,000,000 shares would have carried a value of roughly $1,000,000.
Jason Black didn't stick around long - he left as the CEO of MEDH in June 2020 after the enrichment scheme was set up.
The big question is - did he also receive a percentage of the proceeds as a kickback from the Capital Capital Corp Note and Kilchelsky Note?
Cann American Corp (CNNA)
Under Jason Black's direction as the CEO of CNNA, CNNA issued not one, but two large debt Notes to Capitol Capital Corp (Mark Miller) in 2020.
A $90,125 Note on September 1, 2020, convertible at $.0001/share, and a $70,830 Note on December 2, 2020, convertible at $.001/share.
At $.0001/share, $90,125 is 901,250,000 shares, and at $.001/share, $70,830 is 70,830,000 shares.
But Jason Black hides Mark Miller's involvement by saying that Capitol Capital Corp is controlled by Howard Salamon.
So far, Capitol Capital Corp has received 60,000,000 shares for $6,000 of debt in September and October of 2021. Based on the market price during that time, the stock was worth around $900,000.
https://www.otcmarkets.com/otcapi/company/financial-report/348802/content
I can't help but wonder if Jason Black has any kind of proceed sharing/kickback arrangement with Capitol Capital Corp in CNNA as well.
Currently, the Notes carry outstanding balances of $98,180 convertible into 981,800,000 shares and $75,000 convertible into 75,000,000 shares. Those 1,056,800,000 shares are currently worth $2,853,360 based on the current share price of $.0027.
Seven Arts Entertainment, Inc (SAPX)
When Jason Black took over the dormant SAPX shell in July 2021, it had no debt notes.
https://www.otcmarkets.com/otcapi/company/financial-report/296945/content
By August 1, 2021, it had a $51,135 Note owed to Capitol Capital Corp (Mark Miller) convertible at $.001/share. It was as if that was the whole point of taking over control of the shell was to use it for yet another share selling scheme involving Capitol Capital Corp (Mark Miller).
But again, Black hides Mark Miller's involvement by saying that Howard Salamon controls Capitol Capital Corp.
As of June 30, 2022, the CCC Note had a balance of $55,334 because of interest. It became due on August 2, 2022. And since August 2, 2022, SAPX has seen its float grow by exactly 55,000,000 shares.
Since the Capitol Capital Corp Note is the only thing that new free trading shares could be issued towards, it seems this share selling scheme is also now under way.
55,000,000 shares at $.001/share would be $55,000 worth of debt (basically covering the entire August 1, 2021 Note). Based on the market price during August, when the stock was likely being sold, the 55,000,000 shares were worth around $125,000.
Besides the August 1, 2021 Note, SAPX announced a line of credit arrangement with Capitol Capital Corp, to provide up to $1,500,000 on a revolving line of credit over six months with an interest rate of 9% per annum, starting on September 2, 2021. The Agreement was Amended on April 1, 2022 to a a one year term, with advances convertible into shares of common stock at par value of $0.0001.
According to the most recent report, Capitol Capital Corp has advanced $164,254 to the company so far. (Note 8 in the financial section)
https://www.otcmarkets.com/otcapi/company/financial-report/344105/content
At $.0001/share, $164,254 converts into 1,642,640,000 shares in the future.
That's a great deal considering the stock currently trades at $.0013/share, making the stock worth $2,135,432 before any future pump and dump action.
The big question again is if Jason Black has any kind of proceed sharing arrangement with Capitol Capital Corp.
What can't be denied is how closely Jason Black likes to work with Mark Miller.
One final note: SAPX, MEDH, and CNNA all use the same legal counsel, Anthony F Newton. Newton was also the legal counsel for LEAS, which hid Mark Miller's involvement while Newton was signing Attorney Letters for the Issuer.
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Will Mark Miller and Jason Black get busted again?
I'm pretty sure the SEC would be very interested to learn that Mark Miller has been making all this money through these share selling schemes while being charged by the SEC for his previous scams and to learn just how closely Jason Black (already named once as a relief defendant in an SEC action) has been working with Mark Miller through it all.
They got Crown Bridge Partners
https://www.securitieslawyer101.com/2022/sec-charges-convertible-note-dealer-crown-bridge-partners-llc-and-its-managing-members-soheil-and-sepas-ahdoot-for-failure-to-register/
This part is especially interesting:
Crown Bridge also agreed to surrender all conversion rights in its currently held convertible notes, surrender all unexercised warrants that it acquired in connection with convertible notes, and cancel any shares it holds that were acquired by converting notes or exercising related warrants.
RECAF + RUSSIA - Does RECAF have any plans of cutting their ties with Lukoil, the Russian oil company they have partnered with for the past 4 years in Mexico (which btw has been on the US Sanctions list since 2014).
Eddie,
You said in an 8K that your appointment as the new President, CEO, and Chairman of UITA was done by a vote of the board of directors.
https://www.otcmarkets.com/filing/html?id=14698737&guid=dAtwkaQlROxpJth
But your 10K lists Richard Kilchesky and Phillip Kilchesky as the only directors at the time of your appointment.
https://www.otcmarkets.com/filing/html?id=15109505&guid=dAtwkaQlROxpJth
So please explain how your appointment as the new President, CEO, and Chairman of UITA could be legit if you are saying that Richard Kilchesky and Phillip Kilchesky (brother-in-laws of Mark Miller) became the directors of UITA through fraudulent means?
Miller and his group of bad actors either "hijacked" UITA or they didn't.
And if they hijacked UITA, then your appointment by them as the new President, CEO, and Chairman of UITA is just as illegitimate as their claim to the shell was.
SEC vs CF3 Enterprises LLC - This looks familiar
https://www.sec.gov/litigation/litreleases/2021/lr25260.htm
https://www.sec.gov/litigation/complaints/2021/comp25260.pdf
Oh yeah, I reported this to the SEC back in January of 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138052885
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138153200
Thanks for sharing that.
I remember back in February and March of 2019 when I exposed Mark Miller's involvement in LEAS and BBDA for the first time, all the backlash I got from traders that didn't want to accept the truth.
Man that was a dumb bunch of crooks that left an easy trail of bread crumbs to follow.
I nailed every single one of the stocks named in the SEC complaint right down to the tiniest of details.
The only thing I'm disappointed about is that some of the scumbags that were closely associated with Miller in some of Miller's more recent scams after LEAS and BBDA are still on the loose.
But for the JBs of the world, their end is coming too.
I should also note how the recent LEAS filings are full of false information hiding the fact that Miller received hundreds of millions of free trading shares of stock throughout 2020 issued towards a bogus debt note that magically disappeared from the books by falsely listing it all as restricted stock issued to the former CEO, Jason Tucker.
Paul Goodman, the attorney that did the Legal Opinion, should have done some actual due diligence and inspected the books and past shareholder records from the TA and caught that false information.
That was a really stupid move by that attorney.
https://www.otcmarkets.com/otcapi/company/financial-report/303806/content
https://www.otcmarkets.com/otcapi/company/financial-report/303831/content
re: ABIT
It looks like Dempsey Mork (a known shell hijacker) reinstated ABIT while it was Gameplan Inc on September 5, 2018
https://opencorporates.com/companies/us_nv/C11927-1991
According to the earlier OTC disclosures, Mork (through his company Magellan Capital Partners) was issued 90,421,378 shares on September 27, 2018 and another 230,000,000 shares on December 26, 2018:
https://www.otcmarkets.com/otcapi/company/financial-report/255040/content
That's 320,421,378 shares.
I don't think it was an accident that when the Gameplan Inc shell worked out its reverse merger with Athena Bitcoin Global, it involved Athena being issued 3,593,644,680.
That was enough to make sure that Mork's 320,421,378 shares fell below the 9.9% threshold that would restrict Mork from being able to sell those shares in the future.
In any case, as you said, ABIT is facing the possibility of hundreds of millions of shares becoming unrestricted in the future, most notably those 320,421,378 shares held by Mork, which currently have a value of $10,573,905,474 (that's over 10 billion dollars).
SEC nails GPL Ventures LLC (Alexander Dillon + Cosmin Panait) for acting as unregistered brokers and participating in a stock scalping scheme using Seaside Advisors LLC (Larry Adams) and a group of stock promoters to help unload their shares.
https://www.securitieslawyer101.com/2021/sec-charges-toxic-lender-and-consulting-company-in-stock-scalping-scheme/
Some of the relevant tickers include:
HempAmericana Inc (HMPQ)
GD Entertainment & Technology Inc (GDET)
Image Protect Inc (IMTL)
GenTech Holdings Inc (GTEH)
American Energy Partners Inc (AEPT)
Odyssey Group Inc (ODYY)
re: Avtar S. Dhillon (one of the defendants in the SEC Complaint)
Here is an old read about him and his connections to Carrillo and Sharp from 2016:
https://promotionstocksecrets.com/vitality-biopharma-inc-vbio-super-well-connected-ticker-setting-new-paid-promotion/
and from 2013:
https://promotionstocksecrets.com/arch-therapeutics-inc-arth/
SEC charges Frederick Sharp / Luis Carrillo and Sharp Indicted
https://www.sec.gov/news/press-release/2021-148
I wrote about this exact stuff in 2015:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=119130053
CETX SEC charges - Robert Pearson vindicated
I'm not sure if most people remember back in February 2017 when Pearson wrote a Seeking Alpha article obliterating CETX as a scam.
Pearson claimed that the CETX CEO, Aron Gavil, was paying for stock promotions and disposing of stock for personal gain without doing proper disclosure for those sales.
For reference:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129262886
CETX even fired back with some bogus $170 million lawsuit
https://www.cemtrex.com/news/450-cemtrex-files-170-million-lawsuit-against-richard-pearson-seeking-alpha-author-and-others-for-trade-libel/
Well, today Pearson gets the last laugh:
https://www.sec.gov/news/press-release/2021-132
SEC Complaint against Mark Miller
It includes the BBDA and LEAS scams and the SMEV illegal hijacking and pump & dump to go with the DIGI, ECMH, BLLB, and UITA ones from the Indictment
http://assets2.pacermonitor.com/filings/United_States_Securities_and_Exchange_v_Miller/United_States_Securities_and_Exchange_v_Miller__mndce-21-01445__0001.0.pdf?X-Amz-Security-Token=IQoJb3JpZ2luX2VjENv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCXVzLWVhc3QtMSJHMEUCIQDR%2FMkKSmUh5%2B2fwsl0UlDTTGJUMZWYogbXGWUYil5PHAIgcOq3KKzRZIi66DRxecWVwdidgg3FBiDo5uPHSW0gbVUqgwQIpP%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARACGgw5MjQ2NTE0MDgzOTgiDG7Z3pj9iQJXntSGuSrXA7u7glFqiDtZjJDzlQeaG4aovGEv6ZwHwl3gSLP28XwwrAqiWiHEiHLYeDWHpVhis54rHZKh0xtUGVE9NK6%2BFgdEbjd9xRm3dan5OkZ3Cqhaq1UflTddKeeZHqVKIdKj4te8u2NEG0lrrWtjUlQ%2BNs5QErVVFmiwsUhv%2F9F3ALQeq4YYcFVbNMLoEH7ZIn%2F8ayKQVKKKPI5zbCPE0CdEVDxqZ4BBl8B2F0uQGhgnwS6Mcr8J23zLjJAn8zchWLgzPCS%2BP%2BgwVJCL3ge9mbV9%2BkcCKtK%2Bcyva5UsQj52B8C%2B91ao6lpz47FSjEXhfzko4V%2BdDgKQaBMpXGT%2FCkZFfLjA4RjN1egsK99sv6TdKk%2FRIZt8fnasrzQtYhMq5HtpJueSoB%2BKzyqUT8h9ODHe0u8N2j1wpFXWOa0B0KjjdMZJJEBQidbugEzTEtwrkDVnLCvNSnPXeNrdjBgIMoD58GAX%2Be4nLwvcNx3A4UflzODs3h7oWG%2FGSLDhFIlc5s3RdD9uzY1nNCvKwMkBg7liys7Alq8JyncPJKWNj4TIcRit0twscwcXFfcw2DgDsRjUmX70aeHvryHl3t956Oj0zzuyfzJljHQ62BAfMrBUW5Ddj24kS%2BWkcYjCZuryGBjqlAfVGcNPcXesXNUMczUEDvM9MIciVMcFEHxbQkL%2FWamFFw5rN7WaBhGTIyjvOzyPb7Ea3IyrBUl5Ra3N05llhLu%2FWyC%2FqRGGvP1JqoRBZtRKWuOCG8HYLwwoF9t%2BO%2B60%2FYJHD3aEsCsCknc7boEiyFJDLVGt8yleBO6vi5zoW%2BllZ%2BGRzwl4XRBXRbOK5L38hpKXfQeHyOuE%2Fz4VaAqBzqUY3kt%2Fbhw%3D%3D&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20210620T112531Z&X-Amz-SignedHeaders=host&X-Amz-Expires=600&X-Amz-Credential=ASIA5OSMEZQHFIRIXOJV%2F20210620%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=11d2911f35f7840bb82ec55a142c9f5815c8e572820ebbd592f5ccd5ce95ae81
A better link should be available soon once it is posted on the SEC website
If everything in the Complaint sounds familiar. It's because it's all been exposed before:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143235663
https://www.scribd.com/document/457798353/What-the-Heck-is-Going-on-With-LEAS-and-BBDA
https://docs.google.com/document/d/1pLhwugWDhBuqwjhGFoZ4qWb3b1o8aSj1zHUZ48fMeSc/edit?usp=sharing
https://docs.google.com/document/d/1i1VS_Fc7Q9g71EDkWFxRYZWV68YlrjXhHbRS-gtumEU/edit?usp=sharing
Along with many other posts I made.
Link to the Indictment
https://storage.courtlistener.com/recap/gov.uscourts.mnd.195108/gov.uscourts.mnd.195108.1.0.pdf
In any case, I'd like to add one more compliment about George for your enjoyment.
The way George handled the custodianship case with GVSI was masterful.
I've never seen a custodianship petition reach the point that he reached with GVSI in that short of time. And I've followed custodianship petitions as much as anybody since 2014.
I think it is due in part to the choice of Washoe county over Clark county, and partially because of his emergency order request that he immediately files with the petitions.
Washoe charges much higher court fees than Clark county, but the speed of process may be worth the monetary trade off. So other petitioners may start to copy some of his tactics.
If George can stick with abandoned shells to avoid all the drama and controversy that comes from drawing attention to scammy tickers which are still active on some level, he will do quite well for himself.
Would you have bought RETC if George Sharp didn't get involved?
Many people wouldn't have. Why? Because the float has grown by over 1.5 billion shares over the past 10 months, because it has a massive amount of outstanding toxic debt, and because it is a year delinquent with its SEC filings.
Yes, it is my opinion that nobody should be buying stocks that are diluting by the billions, facing billions in future dilution, and that are delinquent with their SEC filings.
The SEC agrees with me, which is why they suspend delinquent filers and recently amended the 15c-211 rules to stop quotations on stocks not providing adequate information on September 28, 2021.
The attention that George Sharp brought to RETC is the only reason people starting buying this stock recently.
Do you disagree with me on that? If so, that's fine. You are welcome to have your opinion about why people started buying RETC. I won't stop you or harass you for sharing it.