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See ya tomorrow
It's a problem if you think an unsatisfied judgment against a company you want to invest in is garbage. Unsatisfied judgments are like investor repellant.
Although the question is what value did GEGI get for the over $500,000 paid? Doesn't appear that GEGI received anything. Lattuca tried to depose Purdon to ask him that question but Purdon would rather be held in contempt of court than answer questions or produce documents.
There is a lot of information in the Court files. A lot more than one line e-mails from Kate Bahnsen saying she is performing due diligence.
I guess there is some good news in that Lattuca discovered over $500,000 cash wired from a GEGI bank account to an account of a company controlled by Pizzoferrato. So the good news is that there was actually more than $500,000 cash in GEGI coffers not too long ago.
Kate Bahnsen's face is on the GEGI board. She has been heavily rumored to takeover as President/CEO of GEGI. The fact that the person that is supposed to turn GEGI around has involved QEDN in her personal bankruptcy is highly relevant to GEGI. If a bankruptcy trustee were to sue GEGI (like it did to QEDN) it would drive the stock even lower.
First, GEGI needs to remove itself from Kate, which means remove itself from Ray Purdon. Purdon sent an attorney to represent GEGI in a hearing yesterday in the Lattuca litigation so Purdon is still very much involved with GEGI.
Second, GEGI needs to satisfy the Lattuca judgment so it can actually borrow money, which is needed to do anything.
If the above two things happen and someone competent runs GEGI maybe it can sell a product or service and make a lot of money for its shareholders. As it stands now, it is simply a company with a judgment against and the only two people affiliated with GEGI have lots of legal troubles.
Katharina Blancato now known as Katharina (Kate) Bahensen filed bankruptcy in Nevada on July 8, 2009. The bankruptcy case number is BK-09-52203-GWZ. The Bankruptcy Trustee appointed is Donald Gieseke.
The Bankruptcy trustee, Gieseke, brought an adversary proceeding in 2016 against a host of Defendants including QEDN and Kate Bahnsen. The adversary proceeding is case number 16-05003-GWZ. An adversary proceeding is an action to claw back money, usually from a fraudulent transfer. The trustee alleges that Kate received money that she didn't disclose to the bankruptcy court. It also alleges she transferred real property to the Bahnsen Trust and then allowed the real property to transfer to QEDN by way of a lien in the amount of $250,000.00.
QEDN was defaulted for failure to serve an answer to the adversary complaint on November 30, 2016.
JUDGMENT AGAINST GEGI FOR $128,693.60!!!
Judgment entered on 10/19/2016 reads, in part, verbatim:
"IT IS ADJUDGED that the Plaintiff, Michael Lattuca, ___________, shall recover from Defendants, Genesis Electronics, Inc. and Genesis Electronics Group, Inc., c/o last known officer, Raymond Purdon, ______________, jointly and severally, the total sum of $128,693.60, for which let execution issue."
Go to the below link and enter Book 4286 Pg 1101 to see the lien:
http://doris.clk.co.st-johns.fl.us/LandmarkWebSJC/search/index?theme=.blue§ion=undefined&quickSearchSelection=undefined
See post 12708 for information on the Kate Bahnsen bankruptcy and adversary proceeding.
See post 12682 for a link to the $128k judgment against GEGI.
That's true. The marriage was orchestrated by Purdon. Last year Kate took "debt" owed to Purdon's business Grandview Capital to 57 Million shares.
The only common denominator between QEDN and GEGI is Raymond Purdon. He owns no less than 45,000,000 shares of QEDN and 85,000,000 shares of GEGI.
From what I read GEGI breached its contract with Lattuca and now has a Judgment against it for $128k. GEGI is going to have to resolve this Judgment if it hopes to raise investor funds.
Does anyone know if Kate bought her shares of GEGI on the OTC or if she bought them as a private sale from the company? Just wondering since the bankruptcy trustee is looking at companies that received money from Kate as targets in its clawback lawsuit. If anyone is in communication with Kate or Raymond Purdon this information would be helpful.
Then get DD Dempsey to release some news. He claims to be on the board.
Yeah...see this post from DD Dempsey.
"This was already addressed months ago when I actually came onto thr board and reference that I know how ray can't have ownership in GEGI anymore."
DD...what are the plans for GEGI? What is it going to do moving forward? How is it going to resolve the Judgment for $128k held by Lattuca? How does it plan on obtaining the 85,000,000 shares currently held by Purdon? When was the shareholders meeting in which you were elected to the Board?
News about the direction of this company and how the $128k Judgment against GEGI is going to be resolved is badly needed. Didn't DD Dempsey say he was on the board?
I appreciate your comment. Yes, I agree something will need to be worked out with Lattuca or this stock cannot rebound. At this time, Purdon is in control of GEGI's defense of the collection proceedings. As you can see from the public records Purdon has been filing objections on behalf of GEGI.
The Judgment Lattuca has against GEGI will prevent investments/loans to GEGI.
If money is infused into GEGI it will just be garnished by Lattuca.
Whoever is in control of GEGI needs to satisfy the Lattuca judgment so that it can borrow money.
14 factually accurate posts that should have been found and reported by anyone alleging to have performed due diligence. This is all public record and all found easily with a few hours of research.
JUDGMENT AGAINST GEGI FOR $128,693.60!!!
Judgment entered on 10/19/2016 reads, in part, verbatim:
"IT IS ADJUDGED that the Plaintiff, Michael Lattuca, ___________, shall recover from Defendants, Genesis Electronics, Inc. and Genesis Electronics Group, Inc., c/o last known officer, Raymond Purdon, ______________, jointly and severally, the total sum of $128,693.60, for which let execution issue."
Go to the below link and enter Book 4286 Pg 1101 to see the lien:
http://doris.clk.co.st-johns.fl.us/LandmarkWebSJC/search/index?theme=.blue§ion=undefined&quickSearchSelection=undefined
It does have everything to do with GEGI. Kate is being pumped to take over GEGI like that is a good thing but she is currently being sued by the bankruptcy trustee in her bankruptcy for allegedly hiding hundreds of thousands of dollars and thereby evading payments to creditors.
Instead of answering the complaint, Kate is electing to allow defaults to be entered against QEDN (and soon herself) and eventually the bankruptcy trustee is going to raid QEDN's assets.
This didn't happen 8 years ago it is in progress at this very moment. The default against QEDN was less than 60 days ago.
Lattuca is alleging GEGI engaged in the same behavior and sent its assets to Purdon and PYHH. If Kate takes control is she going to defend Lattuca's action against Purdon and PYHH or is she going to let a default be entered.
If she is going to defend Lattuca's fraudulent transfer action how is GEGI going to pay attorney's fees to defend?
No it was a Chapter 7 (seeking to discharge unsecured debt) and not a Chapter 13 reorg.
Later in the adversary complaint it talks about Kate's alleged direct actions to hide money from the Bankruptcy Trustee.
23 59. On or about September 14, 2015, “Katharina N. Bahnsen FKA Katharina
Blancato”
24 caused a Notice of Lien (itself dated as of September 13, 3015 [sic]) to be recorded in
the
25 Official Records, as Document No. 4512868, against the Prater Way Property in favor of
26 Defendant QED Connect in the amount of $250,000 (the “QED Connect Lien Transfer”). A
27 true and correct copy of the recording memorializing the QED Connect Lien Transfer is
28
13
Case 16-05003-gwz Doc 21 Entered 02/25/16 15:21:42 Page 14 of 44
1
attached as EXHIBIT W.
2
60. On or about September 13, 2015, “Katharina N. Bahnsen FKA Katharina N.
3
Blancato”, as Grantor, transferred title to the Prater Way Property to “Bahnsen Trust” as
4
Grantee, as evidenced by that certain Quit Claim Deed recorded in the Official Records on
5
6 September 14, 2015 as Document 4512869 (the “Bahnsen Trust Deed Transfer”). A true and
7 correct copy of the deed recording memorializing the Bahnsen Trust Deed Transfer is
attached
8 as Exhibit X.
Katharina Blancato now known as Katharina (Kate) Bahensen filed bankruptcy in Nevada on July 8, 2009. The bankruptcy case number is BK-09-52203-GWZ. The Bankruptcy Trustee appointed is Donald Gieseke.
The Bankruptcy trustee, Gieseke, brought an adversary proceeding in 2016 against a host of Defendants including QEDN and Kate Bahnsen. The adversary proceeding is case number 16-05003-GWZ. An adversary proceeding is an action to claw back money, usually from a fraudulent transfer. The trustee alleges that Kate received money that she didn't disclose to the bankruptcy court. It also alleges she transferred real property to the Bahnsen Trust and then allowed the real property to transfer to QEDN by way of a lien in the amount of $250,000.00.
QEDN was defaulted for failure to serve an answer to the adversary complaint on November 30, 2016.
Kate did file bankruptcy...formatting is not great but the first page of the adversary proceeding is listed below.
Case 16-05003-gwz Doc 21 Entered 02/25/16 15:21:42 Page 1 of 44
L. Edward Humphrey—NV Bar. 9066
HUMPHREY LAW PLLC
01 W. LIBERTY STREET, SUITE 204
RENO, NEVADA 89501
el: 775.420.3500
Fax: 855.485.6329
ehumphrey@hulolaw.com
pecial Counsel for Trustee
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF NEVADA
In re:
KATHARINA NANNY BLANCATO,
Debtor.
W. DONALD GIESEKE, TRUSTEE FOR THE BANKRTUPCY ESTATE OF KATHARINA NANNY BLANCATO,
Plaintiff, v.
KATHARINA N. BAHNSEN fka KATHARINA N. BLANCATO, an
individual; SALVATORE FRANK BLANCATO, an individual; KATHARINA N. BAHNSEN fka KATHARINA N.
BLANCATO, as
Trustee of the BAHNSEN TRUST; QED CONNECT, INC. aka QED CONNECT,
a New York Corporation; T M PANKOPF PLLC aka T M PANKOPF LLC aka TORY M. PANKOPF, LTD., a
Nevada Limited Liability Company or Nevada Professional Limited Liability Company; BILLIE LINE as
TRUSTEE
of that certain Deed of Trust made as of August 14, 2015 and recorded in the Official Records of
Washoe County, Nevada on August 26, 2015 at Document
Case No.: BK-09-52203-GWZ
Chapter: 7
Adv. Case No.: 16-05003-GWZ
1
Case 16-05003-gwz Doc 21 Entered 02/25/16 15:21:42 Page 2 of 44
4507014; JOSE A MANHA and NONA
T. MANHA, as Trustees of the MANHA FAMILY TRUST, dated July 6, 1993; and WASHOE COUNTY and TAMMI
DAVIS in her capacity as WASHOE COUNTY TREASURER;
Defendants.
FIRST AMENDED ADVERSARY PROCEEDING COMPLAINT
1. W. DONALD GIESEKE, Chapter 7 Trustee (“Trustee”) for the Estate of
ATHARINA NANNY BLANCATO (“Debtor”), for his First Amended Adversary
Proceeding Complaint (“Amended Complaint”) against Defendants hereby alleges as follows:
NATURE OF ACTION
2. This is an action against Defendants primarily seeking avoidance of pre- and post-
etition transfers related to Debtor’s interest in real and personal property purportedly converted
o the separate property of her ex-husband, Salvatore Frank Blancato, pursuant to a pre-petition
arital settlement agreement and state court divorce proceeding. One parcel of real property as
recently revested post-petition in the Debtor—namely, the property commonly described as 2115 and
2109 Prater Way, Sparks, Nevada with an APN of 032-023-10 (the “Prater Way
Property”). Another parcel of real property, commonly described as 210 20th Street, Sparks
evada with an APN of 032-065-13 (the “20th Street Property”) remains titled in Debtor’s ex-
usband’s name.
3. This action also seeks to recover other property rightfully belonging to Debtor’s ankruptcy
estate, including $100,000 in proceeds the Debtor appears to have received (and ocketed for her own
benefit) by way of an unauthorized and unapproved post-petition ettlement of the bankruptcy
estate’s default against a defendant in another adversary roceeding the Trustee filed in Debtor’s
bankruptcy case.
2
Case 16-05003-gwz Doc 21 Entered 02/25/16 15:21:42 Page 3 of 44
CONSENT TO FINAL ORDER
4. Pursuant to LR 7008, the Trustee consents to this matter being heard, and to the entry
of final orders and judgment, by the Bankruptcy Court.
JURISDICTION AND VENUE
5. Debtor filed a voluntary petition under Chapter 7 of Title 11 of the United States
Bankruptcy Code on July 8, 2009. Debtor’s bankruptcy case is styled In re Katharina Nanny
lancato, Case No. 09-52203 (Bankr. D. Nev.) (the “Bankruptcy Case”). See Dkt. No. 1.1
6. W. Donald Gieseke was appointed as Trustee in the Bankruptcy Case on or about July 8, 2009.
See Dkt. No. 2.
7. This Adversary Proceeding arises out of, and relates to, the above captioned Bankruptcy Case and
claims pending before the United States Bankruptcy Court for the District f Nevada.
8. This Court has subject matter jurisdiction under 28 U.S.C. § 1334.
9. This is a core proceeding under 28 U.S.C. §§ 157(b)(2)(A), (B), (E), (H), (K) and O).
10. Venue is proper under 28 U.S.C. § 1409.
11. This adversary proceeding is brought under 11 U.S.C. §§ 105, 541, 542, 544, 548,
49, 550, 551, and 552, Nevada’s Uniform Fraudulent Transfer Act (“UFTA”), codified at
Chapter 112 of the Nevada Revised Statutes, and 28 U.S.C. § 2201 (the “Declaratory Judgment
ct”).
JUDGMENT AGAINST GEGI FOR $128,693.60!!!
Judgment entered on 10/19/2016 reads, in part, verbatim:
"IT IS ADJUDGED that the Plaintiff, Michael Lattuca, ___________, shall recover from Defendants, Genesis Electronics, Inc. and Genesis Electronics Group, Inc., c/o last known officer, Raymond Purdon, ______________, jointly and severally, the total sum of $128,693.60, for which let execution issue."
Go to the below link and enter Book 4286 Pg 1101 to see the lien:
http://doris.clk.co.st-johns.fl.us/LandmarkWebSJC/search/index?theme=.blue§ion=undefined&quickSearchSelection=undefined
UNSATISFIED JUDGMENTS ARE LIKE INVESTOR REPELLENT. JUDGMENTS ARE ONE OF THE EASIEST THINGS TO VERIFY WHEN CONDUCTING DUE DILIGENCE. I AM SURPRISED NO ONE HAS POSTED GEGI'S GAME PLAN ON HOW TO RESOLVE THIS JUDGMENT. IT LOOKS LIKE GEGI MAY FILE BANKRUPTCY...BUT THAT IS JUST MY OPINION.
First case listed is an adversary proceeding from Kate's recent bankruptcy. In the adversary proceeding there is currently a default against QEDN. They want to default Kate but they have personally served her yet.
I will endulge you DD. I am glad you read the Final Judgment recorded in the St. Johns County Official Records at Book 4286 and Page 1101. This is a Judgment against both Purdon AND GEGI. Lattuca is the Judgment Creditor and GEGI is the Judgment debtor. Said another way GEGI owes Lattuca money.
The Judgment reads, in part, verbatim:
"IT IS ADJUDGED that the Plaintiff, Michael Lattuca, ____________, shall recover from Defendants, Genesis Electronics, Inc. and Genesis Electronics Group, Inc., c/o last known officer, Raymond Purdon, ______________, jointly and severally, the total sum of $128,693.60, for which let execution issue."
"IT IS ADJUDGED that the Michael Lattuca, ____________, shall recover from Defendant Raymond Purdon, _____________, the total sum of $168,600.00, for which let execution issue."
Regardless of whether you believe Raymond still owns shares of GEGI, it is clear that GEGI owes Lattuca $128,693.60. It is also clear that Purdon owes Lattuca an additional $168,600.00.
GEGI is a Judgment Debtor to Lattuca and Lattuca is not forgiving the debt GEGI owes him. GEGI owes Lattuca because it breached its employment contract with him when he was President and the jury granted Lattuca a Judgment against GEGI.
Sure Kate may have investors but they will have to satisfy Lattuca's Judgment or face garnishment of investments into GEGI. The Judgment against GEGI is good for 21 years. Nevada and the transfer agent can't "scrub" the judgment against GEGI. Judgment Debtors everywhere wish they could just scrub their judgments away. If it were that simple there would be no need for lawyers.
Lattuca just sued PYHH to recover the $625,000.00 cash that was transferred from GEGI's bank account to accounts controlled by Pizzoferrato. You would think all of the people that own stock on this website would be really upset that companies run by Pizzoferrato ended up with no less than $625,000.00 from GEGI and it appears GEGI received nothing for its $625,000.00. Lattuca has copies of wire transfers documenting the transfer from the GEGI account to the company account controlled by Pizzoferrato.
You state all debt of GEGI is forgiven "when the books can't be found". Well the Judgment against GEGI is on the books of the St. Johns County, Florida and GEGI can't hide from the $128,693.60 it owns Lattuca. Likewise, Purdon can't hide from the $168,600.00 he owns Lattuca (assets are already frozen).
I am sorry for the really long post but I have been watching for a long time in amazement at the volume of trading without any press releases or news. The only documentation that anything has happened with GEGI recently is the documentation that a Judgment was entered against GEGI for $128,693.60. Perhaps, GEGI should release an audited financial report identifying its Assets and Liabilities. Such an audited financial report would have to list the GEGI Judgment as a Liability. Kate is a CPA so when she breaks the news that everyone is posting about I am sure she will also release an audited financial statement.
In regards to Serv's comment about the statute of limitations. Statute of Limitations is an affirmative defense asserted when a lawsuit is filed. If a Judgment was entered in favor of the Plaintiff [Lattuca] that means all affirmative defenses raised by Defendant [GEGI] were considered and denied. Per the official records book of St. Johns County, Florida, this Judgment against GEGI was just entered on October 19, 2016 and was recorded as a lien on November 15, 2016. The Statute of Limitations is simply not a defense to the collection of a previously entered Judgment or the execution upon a Judgment Debtor's [GEGI] assets.
Raymond Purdon is currently controlling GEGI's defense and is seeking to prevent Lattuca from executing upon GEGI's assets. Mr. Purdon recently objected to Lattuca serving subpoenas on GEGI's bank for the purpose of obtaining GEGI's bank statements to find out exactly where GEGI's money went. The Court overruled that objection and the subpoenas have been served on GEGI's bank. As stated above, Lattuca has already started the process of clawing back assets of GEGI that were improperly transferred. PYHH, Grandview Capital and Purdon are the first impleader defendants in the claw back action. Upon receipt of the bank statements I am sure Lattuca will bring additional claw back claims.
The entirety of this post concerns Lattuca's attempt to collect upon a judgment owed to him by GEGI.
Mkt...please find the below e-mail sent to Kate on 1/24/17:
Ms. Bahnsen,
As you are aware, this law firm represents the interests of Michael Lattuca in regards to his judgment against Genesis Electronics Group, Inc. and Raymond Purdon. We are aggressively pursuing collection against Genesis Electronics Group, Inc. and Raymod Purdon. We have further sought to implead Grandview Capital, Raymond Purdon and PYHH to hold them liable for the substantial funds they appear to have improperly taken from GEGI. We understand you have recently been performing due diligence on GEGI and as such have knowledge of the assets and liabilities of GEGI. We will be deposing you so that you can answer questions under oath about your connection to Mr. Purdon, GEGI and the due diligence you have been performing. We would like to take your deposition on April 10, 2017. Please confirm your availability. If you do not respond to this e-mail we will assume you have no objection to the April 10, 2017 deposition and we will set the deposition accordingly. If you wish to call me and discuss this matter this would be helpful and may avoid the need for the deposition.
Sincerely,
Brad Hughes, Esq.
JIMERSON & COBB, P.A.
Business Litigation | Construction Litigation | Banking Law | Creditor’s Rights & AR Collection | Community Associations
If GEGI obtains investor funds Lattuca will just garnish them
This is simply not true. Ray is paying an attorney right now to defend the collection efforts against GEGI. You can see in the court docket that Ray and GEGI are represented by the same attorney and that there is current activity
Ray is not OUT of GEGI. On October 19, 2016, in St. Johns County, Florida, a Judgment in the amount of $128,693.60 was entered against GEGI and in favor of Michael Lattuca, the former President of GEGI. Ray is currently directing GEGI in an attempt to prevent collection on that judgment. Yesterday, the Judge ordered Ray's incarceration for failure to provide GEGI records and failure to answer questions about GEGI records. One such question Ray doesn't want to answer is why GEGI transferred $625,000.00 by two separate wires to D & S Resources, Inc. Ray is still very much involved and still owns 85,000,000 shares of GEGI.
The due diligence claimed to be performed by many on this site seems to be very poor indeed. You only need to view the St. Johns County Clerk's website to verify the above information.
Additionally, a bankruptcy court in Nevada just entered a default against QEDN for a fraudulent transfer. When the court enters the amount of the judgment is will likely be $250,000.00.