They used to have a website which was garbage. Which just just about sums this company up.

Share selling operation only. Buyer beware.

George Moore has Been singing this song for years

Hello

I have watched and read this board with some interest for quite some considerable time.

Its a little confusing to me as to why there are a considerable number of posts that contain Steven Moskowitz's e-mails. Has he not been charged with a crime? How can e-mails from a criminal be taken as credible?

Surely Management of this travesty were the only ones who could possibly naked short this stock, as they were the ones who were issueing gobs of shares and could time the sales at 3 days before issue.

OH MY

HONEST GEORGE HAS NOT RESURRECTED THIS TURD AGAIN?

SURELY NOT!!!!!!!!!!!!!!

Hi Clueless

How have you been doing?

Has Honest George/SLRW still got a pulse? Are they going for another round of scamming when the dust settles?

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

My opinion, karma is a biotch.

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

Southern District of California (619) 557-5610

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

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

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

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

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

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

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

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

Investigating Agency
Federal Bureau of Investigation


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

Sorry thats not the way it went down.

Manipulators were not involved

The instruments used to issue the shares was illegal however they will not be removed from the share pool because they were legitimately bought. Not all officers of the Company were charged with the offenses so the deal can happen, after that Unico will be liquidated and the creditors paid - shareholders will get diddley squat other than the satisfaction that it was they who brought the house of cards tumbling down.

It will clear secured creditors first, unsecured second and shareholders last.

Shareholders are screwed

Because all of their PR's were written to sell shares and are based loosely on truth.

I am well aware of the history of the Deer Trail and I hope that it does become a producing mine once again. That being said, I still don't know how you can put a $7 million price tag on it and I will never invest another penny into it.

If the DT gets bought today for $7 million then it will give rise to another scam mining company who will start the raping of shareholders all over again. Lopez was the fall guy, the people behind the curtain are yet to be nailed.

All if's I'm afraid.

Tailings could contain $12 million which could cost $13 million to extract.

Without proven reserves the mine is worth land & equipment value only.

How do you justify a $7 million price tag without a proven economically viable operation? Its just holes in the mountain with rocks in at present, would you pay for that if you had the cash?

With no proven reserves that is all speculation.

Speculation can sell shares but does not make for a sustainable business.

The mine is not worth sh** let alone $7 million. If this deal goes through its the start of a new con.

2006 onwards

Former CEO-President of San Diego-Based Company Charged in $28 Million Stock Fraud
Mark Lopez also Accused of Obstructing SEC Investigation by Hiding E-mails in Manila Folders Marked “Files Deleted” and “Not Released to SEC Subpoena (Delete)”
U.S. Attorney’s Office January 22, 2013

Southern District of California (619) 557-5610

United States Attorney Laura E. Duffy announced today the unsealing of an indictment charging Mark Anthony Lopez—the former president and CEO of Unico Inc. (“Unico”)—with one count of conspiracy to commit securities fraud and two counts of obstructing justice. Unico is a San Diego-based mining company whose stock is publically traded. Lopez was arrested on January 17, 2013, by special agents of the FBI.

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

To carry out the fraud, Lopez and Lefkowitz exploited Section 3(a)(10) of the Securities Act of 1933—a little-known provision that allows companies to issue unregistered shares of stock to settle “bona fide” debts. Lopez, on behalf of Unico, would enter into purported loan agreements with various shell corporations owned by Lefkowitz, most of which were based in the Turks and Caicos Islands. It was understood by the conspirators that Unico would purposefully default on the loan agreements so that Lefkowitz’s companies could initiate sham lawsuits against Unico.

Each and every one of these sham lawsuits would be brought by Florida-based lawyers in a Sarasota, Florida court. The Florida attorneys, even though they represented opposite sides in the lawsuits, would obtain their pleadings from a single Manhattan-based law firm that oversaw the sham lawsuits. Very soon after each lawsuit was filed—and typically within the very same week—Lopez and Lefkowitz would draft a written settlement agreement. The terms of the written settlement agreement would be extremely favorable to Lefkowitz. In short, Lopez would agree to settle Unico’s debt by issuing unregistered shares of stock worth, on average, seven times the debt that Unico actually owed. According to a secret side-agreement with Lopez, Lefkowitz would sell the shares on the open market to unsuspecting buyers and kick back a portion of the proceeds to Unico. This kickback would take the form of a new loan—which would have the added benefit of continuing the fraud scheme.

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

Lopez faces up to a total of 65 years in prison and $750,000 in fines. According to public filings, Lopez resigned his positions as CEO and president of Unico on June 9, 2012.

United States Attorney Duffy emphasized that this type of fraud attacks the very heart of our financial system. “The leaders of corporations—including and especially CEOs—owe a special duty to their shareholders. When these corporate leaders ignore that duty and use their positions to enrich insiders, it not only harms shareholders but also threatens to undermine confidence in our financial markets and slows our country’s ongoing economic recovery.” Duffy added that this investigation was initiated by special agents of the Federal Bureau of Investigation.

Lopez is expected to appear in court before the Honorable Barbara L. Major on January 23, 2013, at 9:30 a.m. for a bond hearing, and before the Honorable Irma E. Gonzalez, United States District Court Judge on February 22, 2013, at 2:00 p.m., for a motion hearing.

Defendant in Case Number 12CR5236-IEG
Mark Anthony Lopez

Summary of Charges
Conspiracy to commit securities fraud, in violation of Title 18, United States Code, Section 1349.
Maximum penalties: 25 years in prison, five years’ supervised release, a $250,000 fine, and a $100 special assessment.

Destruction, alteration and falsification of records, in violation of Title 18, United States Code, Section 1519. Maximum penalties: 20 years in prison, five years’ supervised release, a $250,000 fine, and a $100 special assessment

Federal Bureau of Investigation
An indictment itself is not evidence that the defendant committed the crimes charged. The defendant is presumed innocent until the United States meets its burden in court of proving guilty beyond a reasonable doubt.

http://www.fbi.gov/sandiego/press-releases/2013/former-ceo-president-of-san-diego-based-company-charged-in-28-million-stock-fraud

One should not forget that shareholders made this happen otherwise the rinse and repeat would still be going on today.

Holter

I believe that 95% of the population are honest law abiding citizens I also believe that 99.5% of penny stock executives are not. Unfortunately Bickel and others like him hide behind "high risk" and "Forward looking statements"

Ah, I wonder whatever happened to good old Honest George.

Page 31 is where S3 are mentioned.


31
II. Peacock and Traveller Adopt Lefkowitz’s Strategy As A Business Model
A. Overview of the Sequoia Section 3(a)(10) Settlements
85. Following their Section 3(a)(10) settlement with Unico in December 2006, Peacock and Traveller adopted Lefkowitz’s illegal Section 3(a)(10) strategy as a business model that they extended to other penny stock issuers, including, but not limited to: Aero Performance Products, Inc. (f/k/a Franchise Capital Corporation, Inc.) (“Aero”), CLX Medical, Inc. (f/k/a CLX Investments, Inc.) (“CLX”), Green Globe International (f/k/a GTREX Capital, Inc.) (“Green Globe”), and S3 Investment Company, Inc. (“S3”), all of which were clients of Javelin.
86. From February 2007 to May 2008, Peacock and Traveller caused Sequoia to enter into at least ten Section 3(a)(10) exchanges with penny stock issuers Aero, CLX, Green Globe, and S3. Peacock typically provided the issuers with an overview of a Section 3(a)(10) settlement process. Traveller typically handled the details, working with the initial debt holder to identify past-due debts that Sequoia could acquire, working with the debt holder to then assign the debt to Sequoia, negotiating the specific terms of the settlement agreements including the multiple at which the settlement shares would be issued, signing the settlements agreements as Sequoia’s agent, and interacting with local Florida counsel. Although Peacock relinquished ownership and control of Sequoia in August 2007, he and Traveller continued to arrange Section 3(a)(10) settlements for Sequoia through May 2008, as agents.

You will find S3 Investment Company mentioned here

http://www.sec.gov/litigation/complaints/2012/comp22381.pdf

The reason that JB has gone silent is because his financing buddies have been tumbled - IMO

This is now a crime scene!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76117075

I'll keep my fingers crossed for you. Huge news + declining share price = heavy dilution.

Good luck.

If the gold was there they would not be a pink sheet company.

Well Mr Lopez

Look what happens when a small group of shareholders get pissed off.

Enjoy your disgorgement.

Not bad Bob, Shareholder power!

It is a "Gonna do" PR.

History is the only indicator of future events. History suggests that this company is a vessel to sell shares due to the compliance of management in dodgy wrap around agreements.

Have they produced any revenue yet?

Buyer Beware

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-80.pdf

Can you hear the tumbleweeds floating across this board?

Eighteen months ago they announced a share buyback. It seems to me that this announcement was either reckless or criminal.

Now formally dissolved, turn out the lights,

http://www.secretary.state.nc.us/corporations/Filings.aspx?PItemId=4831762

Did you congratulate him on the hugely successful operation he runs?

Looks like 79th street were formed in October 2011.

Where does a 5 month old mining company find $10 million to buy a mine with no proven reserves? - Answer nowhere legitimate.

Solarbrook Suspended

Goodnight, farewell

http://www.secretary.state.nc.us/corporations/Filings.aspx?PItemId=4831762

Offshore to an Island where certain persons hold certain bank accounts. Shafting shareholders became more lucrative than running a legit company.

You should send it to the SEC, they already have a file open.