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SEC secures $150,000 (U.S.) fines for Ryan, McKeown
2011-05-25 14:15 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-AWSL) Atlantic Wind & Solar Inc
Also Street Wire (U-BLEW) Bluewave Group Inc
by Mike Caswell
The U.S. Securities and Exchange Commission has secured $150,000 civil penalties against each of Dan Ryan and Carol McKeown, the Montreal promoter-couple charged for a scalping scheme. (All figures are in U.S. dollars.) The fines are contained in separate orders entered on Monday, May 23, by Florida District Judge James Cohn. The penalties, which are in addition to a previously entered $3.79-million disgorgement order, represent a negotiated settlement in which the couple did not admit to any wrongdoing.
The SEC claims that Mr. Ryan and Ms. McKeown used their website, called PennyStockChaser, to promote 65 companies trading on the U.S. markets. In exchange, they received millions of shares, some of which they sold during the promotions while failing to properly disclose the sales.
The case proceeded mostly without participation from Mr. Ryan and Ms. McKeown. In July, 2010, Ms. McKeown wrote a letter to the judge, explaining that she and her husband had no financial ability to defend themselves as the SEC had frozen their assets. The couple did not file a formal answer to the allegations, and the SEC won a default judgment against them on Jan. 25, 2011. The judgment imposed the $3.79-million disgorgement order and permanently banned the couple from penny stocks. Judge Cohn also allowed the SEC to seize their frozen brokerage accounts in Florida, valued at $943,802.
SEC's complaint
The SEC launched the case on June 23, 2010, when it filed a civil complaint in the Southern District of Florida against the couple and two private companies they control, Meadow Vista Financial Corp. and Downshire Capital Inc. The complaint cited the couple for touting stocks on Facebook, Twitter and their website, and through daily e-mails and text alerts.
The SEC listed six examples of their promotions, the most profitable being that of Atlantic Wind and Solar Inc., a Toronto company that touts itself as a developer of "rooftop solar energy parks." A posting on PennyStockChaser dated Oct. 14, 2009, read, "[Atlantic] closed at $2.10 yesterday and it is poised to go into break out mode, THIS PICK IS HEADED TO $10.00." Exactly one week later, another post said: "PSC spoke to the company today and they tell us that members should buckle in. Big news is coming at the end of the week."
The next day, the stock reached an all-time high of $4.84 on volume of over one million shares. The SEC claimed that Mr. Ryan and Ms. McKeown sold 360,000 shares at prices between $1.49 and $3.37, grossing $780,600. (The stock has since declined to $1.04, which the company partly attributes to three stock dividends.)
Another example cited by the SEC was that of Converge Global Inc., a Utah pink sheets listing that claimed to be a property developer. On May 14, 2009, a posting on PennyStockChaser stated that the company "rose over 400% since our last alert." Another posting on June 13, 2009, stated that the company was on "news watch" for a "100% - 300% move." The stock, which was trading around two cents before the promotion, rose to four cents and its volume increased by more than 50 times to 16 million shares per day. The SEC said that Mr. Ryan and Ms. McKeown sold 6.3 million shares, grossing $602,000.
During the promotions, the couple provided no proper disclosure of their share sales, the complaint stated. Their website only contained a disclaimer, which stated that the site's operator "may be selling shares of the stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and ... the reader should take this into consideration."
The other four stocks that the SEC listed in its complaint were Avro Energy Inc., Biocentric Energy Holdings Inc., Bluewave Group Inc. and MSE Enviro-Tech Corp., which followed similar patterns to Atlantic Wind and Converge Global.
The SEC sought disgorgement of ill-gotten gains, appropriate civil penalties and permanent penny stock bans. With the imposition of the civil penalties, the case against the couple is now complete. As part of the order, they agreed to pay the fines within 14 days.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3a*SEC-1844882&symbol=*SEC®ion=C
And this has what to do with what a toxic shell BEHL is or how the BEHL promoter/promo site just lies and BS? The fact that there is not any business but a Pawson share selling business. The fact that this stock does nothing in dollar amount of volume and goes to NO BID upon any debt dumping of shares. Has gone down to .0001 at best with a 15 BILLION A/S that will have nowhere to go but a R/S in any future of this shell (if there is one, big if).
I understand the frustrations of some BEHL shareholders with the ones who publicly state the negative truth about BEHL and the questions that you have are good to examine, but it is about another stock and shareholders of BEHL should also be critically examining this dirty pink and all pinks, not just go on nothing but frustrations with the realists of this stock who have time and time again been right with their projections and input.
Maybe they can get some pictures up that BEHL and the promoter can copy from, BS, and lie again about how they have a multi-million dollar deal with them or insinuate that BEHL has the equipment. LOL
Still has to learn how to do a countdown. You know the one, .0009, .0008, .0007............,.0001, NO BID. Maybe it's just like counting BEHL sheep. LOL
Judging from the trading history, most people do not behlieve and this is one dead ticker trading at NO BID - .0001 for the most part. Thats not confidence in the ticker, nor is it very good to invest or trade in. R/S will be coming -- 15 BILLION shares and debt dumping that is having a real hard time.
Just taken off the finacials.
BNPD 20 BILLION CONVERTIBLE PREFERRED AUTHORIZED SHARES
Thanks for the good notes nodummy. There is definitely the normal pinky "financing" indications there. The lack of much information is always a red flag, but a simple filing no matter how incomplete or accurate (or not) it is can update the pink sheets. The pink sheets don't require much nor do they do any checks on accuracy.
One has to wonder what BNPD plans are for the 20 Billion authorized convertible preferred shares are going to be along with what they already issued. I'm sure they authorized them for some reason -- more "financing" and more dilution in the future can be expected.
Well they have 20 Billion convertible preferred shares authorized. Thats nice. LOL
Yep, those books are still a stickler and will be part of any dumping. Thats if Pawson (yes, plenty of proof that gang is around) can get this toxic shell to even be a little bit more liquid. Definitely one bad stock to trade with, pretty much a dead ticker. Talk about "books" and share structure, what a mess.
Of course we have the idiocy that goes with all the ones who were buying and recommending the "cheapies" to try and promote the idea of some saviour that will "turn around" the old bagholders, a promoter's script, just trying to instill some hope or "maybe might", but nothing but lies and bs comes out. Reason being that there isn't anything but a bunch of fluff and emptiness and old shattered dreams of shareholders and nothing but a R/S and more "financing" coming.
More "financing" for any new shell owner or even "new" business for old shell owners. But its hard for the promoters with their script and same old line of something in the horizon is brewing. Yet another "countdown" to do and more demise, as has been from the promoters script ever since the BEHL promoter wrote it and has been constantly using it.
The majority has caught on to their game now, and only a few minority hasn't got the clue yet. In the scammy sub pinky game, the point is to get some majority to Behlieve, but thats just not happening as is fact to the trading history as of late.
There is something brewing all right for BEHL, but the holders of shares aren't going to like it. But "soon" it will happen. As "soon" as the next scam comes out of the woodwork.
Proof has already been shown over and over, just the most ignorant of dreamers don't know it or refuse to look at it. Done deal.
The real question is what business is this toxic shell going to sell since the old BEHL went out of business, had nothing but garbage for any product, worthless inventions, and Pawson, Fisher and promotional shares created money in the pockets other than shareholders or any money into the old business. We now can guess as to what the toxic shell is going to be once Phawsons debt dumping finishes and what is the guess of what ratio the R/S is going to be.
Yep, was already written in there. ROFL
Wait a minute, got to check the script, it's written in there somewhere or maybe a minute to write it. LOL
It's called being a bagholder on a worthless shell. Hoping upon hope that this dirty Pawson destroyed stock that Pawson will now sell this thing to another idea or story in order for the pps to go where it will never go.
It doesn't matter what business they sell this shell to, it won't change what Pawson, Fisher shares and the promotion BS has done to it and is doing to it, the share structure is now getting to be where there is no other avenue but scam on anyone who even starts to believe the BS that some lying promotion is trying to do.
It's nothing but a bunch of smoke to try to give some hope to getting rid of more dumping, but it doesn't change what it is. Just some Phawson shell with nowhere to go but maxed out A/S and R/S in the future with some more phony lines and attempted but failing BS.
The only reason for buying out shells is "financing", which will happen and when the A/S is maxed out and there is practically no liquidity to a scammy ticker, that doesn't leave very good options for anyone buying into the scam.
It's quite infantile for anyone to not prove that Pawson is not involved in this toxic shell. If anyone just wants to ignore the property records, emails, other companies PR's, all the proof and indications that he is, thats of course their choice to BEHLieve and dream. Of course it's just like all the other dreams and fantasies that have been just demolished into the fact of what this stock is.
It's obvious to most that of course this is nothing but a toxic shell that will R/S in the future and if one wants to "skirt" around the facts that Phawson is very much in this shell scam, fine. Doesn't matter, won't change the fact, take it as a Phawson stock clone with all the same POS scammy facts just like Phawson has done with all of his past if it makes one feel better. That's why there is such effort to try to negate the facts that he is.
VERY reliable sources have confirmed. Not that it was much to confirm, like I said, just too many other real DD facts are just out there to anyone but ones who want to follow the three monkey theorem.
One always can keep ignoring all the facts and projections that have done nothing but prove the promotion of BEHL wrong and one will just continue to loose what little there is left.
Once one is done with that, one can go and behlieve and dream and loose in all the other sub par, scammy pinks, and never make anything just like investing and/or holding all the way down to the .0001 and then R/S like BEHL. BEHL is great pinky stock lessons, glad there is more learning than there is ignorance. But there will always be the ones that continue the ignorance of BEHL in order to promote for the smarter ones to learn and to take from the sheep.
But really there should be something else to try to get a little banter and post action about than some stupid thing like Phawson doesn't have his hand in this stock. That's a done deal, it's well known now, no speculation, nothing to speculate with that fact. Let this toxic shell continue to it's demise, R/S, and once the thing starts again, we can go for something new to debate and talk about.
Maybe some way to even trade the darn thing. This stock will never get back up to where one should have sold. Should've, would've, could've whatever, some just need to get over it.
Problem is the ones who made the big mess are still around straightening it out for that R/S. Same old Phawson and gang just stirring the mud. Same old remarks trying, but failing to drag attention away from what a POS this is and will be in the future.
One's right about the padding of pockets though, too bad it means more losses for the old shareholders.
That will probably be as good as chance as all the other projections one has made, lets say zero chance if it matches with all your other posts.
These are great deals, buy them cheapies
Well, now give them a break. They're saying "soon" and after all a web-page is one of the easiest things to do these days. Anyone with Microsoft Office can do it. Myriad of user friendly programs now out there to easily copy and paste some pics, buy a couple of bolts and such from any real company supplier and list as "partners". Even make a phone call for a bid on some phony material list and then say "we're in talks with" and list that company on the website or PR. Then of course, any LOIs can be used as filler.
Really, it's just too easy to come up with something for a website, all BEHL has to do is pay for the service.
Oh yeah, got to pay, well you got me there. Sorry about that.
One can always expect the "up-listing" or "will be auditing" soon BS no matter what story they try to sell. Sixth time the charm, right, or is it the seventh. LOL
More like poop being thrown down on the ones who fall for it faces. The feeling of "slimed again" to follow after the ones who end up getting caught up in it and "buy at the top" or hold just hoping get hosed. It doesn't take much from here to get a 50% or more loss.
Of course at least some of the gang never left. I think they really should do a change of pace and go for the precious metals or mining scam. At least it would mix things up a bit, this is starting to get boring.
They've done the fuel from everything now, algae, oil, even the trash one puts out every week and trying to follow on the coat tails of Solazyme on Monday would be a real joke (supposed to be going public then). But gold, silver, or lithium seems to be the scam of the day and would give some interest for a least a small chapter in this fiction. Well, maybe just a few pages. LOL
They might throw a political name around like they did with the Congresswoman along with the MLM concept or Schwarzenegger in that 2007 fluff PR.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60262147&txt2find=McGuire
Still just boils down to
As far back as 2007 as original preferred and officer when BEHL was BCEI (Biocentric Energy, Inc) and was buddies with the original gang of beneficial holders that then went under litigation from the SEC.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60262147&txt2find=McGuire
Talk about "rinse and repeat". I would suspect quite a few of the old stories to surface once again. A little editing here and there, but same old story.
Information that one may think they're privy to, if such a case even exists, is a complete joke. Again, this is a sub par, sub pinky stock at .0001. Of course at some point there will be some fluff PR with some fluff business statement. One doesn't need to be privy to anything to know that.
Again, it doesn't matter whether this toxic ticker is going to sell tee shirts, mining claims, or some sort of green energy scam. They all work the same way. This shell has been dark for about 5 months now, been "debt dumping", and maxing out the A/S and the "turn around" and grab ones ankles is nothing that is new.
The "new" BEHL will have to change share structure in order to continue at some point. That is as old as the pinky market and some story will have to be told to do it.
Of course too many of these toxic dirty shells don't do anything with a "new" fluff PR as far as the pps for the really "old" shareholders. May excite them a little, maybe by creating a small pump and dump in order for the promoter(s), shell owners to "finance" some more, but it won't get up to anything close to where the "old" shareholders need it to be in order to recoup any of their losses.
Five months now (and longer) for anyone holding and hoping and suffering from total denial and refusal to learn how these things work. Five months now that money has been traded elsewhere by ones who do know, and longer while "old" BEHL shareholders have held on ot the scam, listening to the bs and watching it plummet down in value.
Any thinking one has "special" info for BEHL will be outdone by ones who just trade and care not to know anything "special" within hours and at the most a couple of days just knowing the facts of all POS stocks like BEHL.
Thats a big if anything of a pump and dump even happens, there's a good probability that there just may not be anything at all (after all this is one dirty shell and the people behind it are not anything to trust in thats for sure) and way too many times these dirty pinks on "news" do nothing at all. BEHL ticker has a horrible past of doing nothing on news, just because of what it is, gargage POS.
May even get shut down by the SEC or just R/S right out of the gate. Many, understandably so, just want to get rid of this crud at the first chance which will be in competition with the owners of the shell debt dumping.
So really all this talk of "special" information, whether true or not, is just adding to the rest of the pile of garbage. Nothing "special" or "new" about it.
This is just one very dirty POS ticker, with low life lying promoters behind it and with a share structure that has nothing good in the future about it. It's going to be a real rough one to do anything no matter how much one wants to push to try to make people think there is some empty "info" out there of some yet again promising future.
One would be better off selling swamp land, and the swamp land would probably be worth more than BEHL. A cleaner job too.
Just old news. It seems like there has been some "new" (if one could call it that) listing there at that site for pinks, including another Pawson's shell. The listing for that one was old stuff also and outdated, plus its just a listing and really will not help this stock, the fork was pulled out and rusted away at the dump by now, pretty dead here. The "pump" has gone elsewhere for now.
But hopefully one isn't into it for too much, maybe it will do the .0002-.0003 again some time in the future. Maybe it will just simmer around here for a few more months or R/S later. So I still wish you luck, just Pawson's tickers just have a bad habit of doing what its doing (or done)and that's it.
The MOMO is gone, really hard for it to come back at this point. There might be other .0001 that might be better to put the money in for a trade, but JMO.
Good luck with that. Pretty worthless.
Your question is irrelevant for your purposes. The point is that whoever is running it and the promotional ones behind it are using deceit and not disclosing and that indicates BEHL fitting to the description of a scam. Not disclosing is just another form of deceit. The financial statements used deceit and are in at the very least very erroneous nature. The simple things that are required of a public company are not in compliance.
We're again talking about a .0001 toxic shell stock that has lost all of the original focus of the algae manufacturing business and has basically gone dark for about 5 months now (a common occurrence before a R/S). They went out of business with parts strewn around in a desert and the "algae industry" has long gone way ahead of any so called technology that they might of had (even in reality there was nothing that confirmed anything that BEHL said they had).
The business (used loosely here) has done nothing but produce promoters (with its own promotional site) and anyones "investment" to its demise with the projected and stated fact of dilution and "financing" that went nowhere to the "business" that was supposedly there. As far as what this shell might be in the future, they might as well make tee shirts or iron on pictures, it doesn't even matter at this point.
"Opinion" as you state IS THE STOCK MARKET and what it is based on. Especially the scammy pinks or there wouldn't be such dumb questions asked in order to try to get away from the facts of this shell, nor would there even be any existence of any low life promoter and fluff forward looking statement PRs. Nor would there be any CommonWealth of Nations, copy and paste pictures, constant "covering of tracks" editing (talk about blatent deceit).
BEHL is just four letters standing for the ticker, not standing for any real business. There is nothing to run other than sub par, sub pinky share selling business. We can go around all year about "prove it" and "prove it isn't" bs, but that in itself proves BEHL reeks of deception. Way too many things are not a matter of black and white when it comes to required documents of any public company. It doesn't matter to whether its opinion or not -- it is what it is.
Even though there has been many facts posted here and much available to anyone except the three monkeys, take it that I know for sure your answer, my sources have confirmed, and I'm not telling you, na, na, na. LOL
And we all can know what "stand up guys" are running this promotion and the ones implimenting it now are also. LOL
How is that working out for it?
5/8/11
Definition of a scam
Sorry, but the admin has already admitted that he owns many shares (of course may have already sold with the constant direct information coming from BEHL one way or another). The allowance of the promoters bs and involvement of deletions and constant editing of the promoter even months after the fact only shows direct personal involvement and has done nothing but shown themselves as a promotional site for BEHL and only the stupidest of individuals would not be fully aware of the responsibilities involved in that promotion of BEHL.
Of course its going to be the "we're innocent" routine. Wouldn't expect anything else. But there is way more docs and snap shots of previous involvement than they even want to think about or admit which very well could be quite a thorn and negative consequences in any legal defense (or offense) in any future.
I really don't think any Burton coming forth at this point is the main issue of BEHL. There are way too many examples of "empty" CEOs, presidents, etc (real people or not) with sub pinkies like BEHL. With the share selling toxic shells such as this, it is really all about the promotion, promotional sites, and promoters who are the force behind any scams or making people believe in the story in order to take the money away from "investors" of tickers such as BEHL. Traders know this and just try to play the game for some profit if they can, but many times loose not realizing fully the tactics of the shell or just timing before a R/S.
BEHL now is in the lull section of the "rinse in the repeat" mode. Got to do the "debt dump" before the max out A/S and R/S and try to sell this toxic shell to the next story. The phinance of the records are a mess and this BEHL playpen has nothing but negative consequences to get it anywhere for the ones who run and the ones responsible for promotion of the ticker. Phawson has played this game many times and nothing new.
I'm sure there's going to be a lot of "convenience" and the "wasn't me", "we're innocent" routine. Sure thing, got some swamp land for sale? Just one more thing that some here have already projected what the bs was going to be and now is happening. Classic. Wonder how much was made on the BEHL demise downward while they partnered in all the bs.
Oh, they've been working on something alright. Way before this so called "Burton" too. Why does one think the reason is for all the continuous deleting and editing in sync with all the promotional hogwash. Even months going back, covering bs with more bs coincidently just like the actions that habitual liars or crooks do.
All it is is some BEHL promotional site with a main promoter doing the dirty work. Reasons for that would be financial gain on the backs of BEHL shareholders behlieving and getting fooled by them.
What a bunch of whoey. That site and it's admin have been fully aware of this BEHL scam. Have done full part in backing up the liar promoter, involved with the constant editing and going back months to cover up their tracks with BEHL posts. Along with working hard to delete any views to the contrary and banning ones who are not with the "crowd" of BEHL promotional tool. Nothing "fair" or balanced discussion on BEHL was allowed once it came to posting any reality or exposure of the scam.
We months ago stated that they would try pulling the "oh, we didn't know". Just a bunch of bs, and one reason of this kind of low life activity and just bs is why one of the original founders of the site left them.
The site is nothing but a promotional site and partner to the BEHL scam and has worked hand and hand with the promotional Phawson.
WOW Lets talk about troubled past. I think BEHL wins over anyone else with the "troubled past" thing. No contest there. Not only that, BEHL has nothing but "troubled" current position and future. To bad that the last of ones dwindled holdings value are going to go nowhere but less in value when the R/S comes about. Many shareholders should have taken heed when all of the current demise of BEHL was projected and then turned out to be FACT. One big scam.
But hey, lets do the attention on someone else or something else, anything but the problems that BEHL is. Pretty much norm for the BEHLieving dreamers to pump anyone or anything only to cut it down later or dismiss it later when anyone or anything that might mean actual money to the shell just leaves or ends up not wanting anything to do with the low life of BEHL.
Lets not talk or open eyes to all the criminal activity, continued lies/BS of the promoter, and what a toxic POS this ticker is.
Lets not pay any attention to all the real FACTS and DD that has been told and shown here. At least the mental dream might survive a bit longer. Good luck with that.
Oh, those things are just spams. No good at all. LOL Anyone who doesn't take heed to the obvious share structure demise and FACTS of this toxic shell and all the statistical data of the only thing that this ticker is going to do, will be just adding to all the other consistent mistakes and bad trading decisions that has been made with behl.
Bad advice (promotional bs), and continuing sad statements of stuckholders that just can't take the reality of loss, hanging on every thread of straw man fallacies, hope upon hope that the pps will go up to some place that they can fulfill the dreams, only show the desperations of shattered dreams of BEHL or lost power of BEHL's promotional low life that do nothing but scam on the naive.
A/S is getting maxed out, FACT and just math. Nothing good will come of that, and thats just the life of BEHL.
Heard about the .0001 and NO BID some time before that also, along with the statements of "free shares" razzle dazzle that would be nothing before that. Many other things were stated "for some time" like converted share dumping,etc, so what else is new. It's just numbers, sub pinks don't go anywhere else from where this thing is now but where it's going to go. Again, it really is "old" info that one can learn from and everything that is taught has been "old" facts that just keep repeating.
R/S will happen just like all the other things that have been stated for "some time" and then turned out to be fulfilled. Yep, nothing new there. One is correct that this stock and promotion is "old news" that is going nowhere but into the bigger pile of crud.
To that "65 viewers online right now" (which many are just ones from here and fiction viewers).
Followers: 460
Created: 5/6/2008 9:53:24 AM
Board type: Free
http://investorshub.advfn.com/boards/board.aspx?board_id=12546
Seems like no contest to me. LOL
The promoter and promotional site for BEHL has been exposed to most for what it is, only very little money actually follows as proved by .0001 - NO BID pps.
Problem is that the "debt dumping" is going to max out the A/S and the business of dirty pinks such as BEHL is always lining the pockets of dirty people that are behind them (whoever one wants to debate that is, same bottom line).
The buying pressure for any upwards movement of pps is going to be limited due to most know or at least have the opinion of what kind of dirty shell ticker this is and who is behind it.
The would be "investors" and traders will be in great competition for the BILLIONS of shares still to be dumped and once the dumping of converted shares has finished, the A/S will be maxed out, and there will be no positive actions with any "new" share structure and of course just more losses for anyone who falls for the BS.
The negative consequences of share structure (ie R/S) will more than likely happen about the time BEHL updates the old current share structure to the 15 BILLION that it should be reading. That will be a good clue that a detrimental increase of A/S and/or R/S is going to happen (maybe already will have happened).
BEHL will never have anything audited and maybe only state for the fourth or fifth time that they are "going to soon" on some fluff PR (auditing and uplisting are very old games and forward looking statements that never happen with BEHL). Even if they do come up with some garbage quarterly, it will only be just that, garbage and more of a "kill two birds" pump PR style filing, even if they just copy and paste old stuff.
It's obvious to the more experienced or realist of sub par, sub penny stocks, and BEHL that all this "financing", "debt dumping", and bs promoter tactics will of course max out the A/S and nothing but crud will follow that. There is nowhere but a bigger pile of $*!! to go after that.
There is nothing "new" about this toxic ticker. It still has the same people behind the reins and "old" converted shares to dump into the market and the same low life promotional bs just like all the other "old" FACTS and actions of BEHL.
It just is being set up to do the same "old" deals of the past, so nothing "new" has to be acknowledged. Rinse and repeat, that's a real "old" concept. Hard to have anything "new" about any ticker that has nothing but "old" facts that keep being played or attempted to be played. It's the ticker that is doing it, it is what it is.