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Traders get off the bid!
In this yet?
Hey Sully...nice to see you around!
Looks that way. They need to get their orders in at the ASK in the morning & SLAP that thing
ding ding ding ding ding ding!
And you think he's honest?
I have a bridge for sale :)
intersted?
Trader get off THE BID!!!!!!!!!!!!!!
Hey PIZZA!! Nice to see u around
it's a pump 2 to 1 again PS buys a few at intervals
to create some activity, as in the stock coming to life. Some come in to buy and he dumps more worthless shares on them. IMO :)
Where's the SEC when they should be doing a number
on PS. Ah...forgot one thing! He's an SEC att.
Probably has some favors over there that he called in because he's too cheap to pay off anyone.
Looks like BS can't even use spell check!
What a wannabe CEO. Hey BS, quit the bs!
Learn to use spell check & if you didn't
type it. Try hiring someody that has enough
brains to at least run spell check.
BS=Loser
I knew that was coming, usga has a new bagholder now,eh?
usga has a new bagholder eh?
Somebody wants to start some sucker buying!
then dump
Either that or Obama said that its CEO should go! Just like GM ....LOL
lol.... he hasn't returned any calls for months.
Probably because all BS has is the same old bs.
lol...with this wannabe ceo, we sit & sit!
On a good day or a bad day, BS just flows bs!
just put a target on his back for a lot of ppl.
LOL
Who resigned?
Nothing
yes it is! Now to find our "fearlass" leader
lee. Mr lee would you please tell us where the
money went that was rec'd back in 7/09?
Shareholders have a right to know!
not much...just puts it on the radar so to speak unless the co. has been on it for some time.
In a nutshell..it depends on how many complaints
they receive & if it is more than a few
"disgruntled" bagholders.
hmmm...how bout an ankle bracelet already.
I think the guy is a federal snitch & that's why he
get's away with what he does.
How's that for imagination
Is this the wannabe CEO that everything he
touches turn to c^ap
Exactly Dragon..not to mention the worthless
divy's that some never rec'd through TDA. They should have followed up on that too!
MikeJones had all the info, includindg a contact in the courthouse. He dissappeared. Maybe Pres1ton has a contact for him
still here, just not much to say fb
The "finalized" purchase in 7/09 is/was another
BS lie.
Of course we are! What else is new?
yep and a lot of us NEVER got those divy's
Bs will screw shareholders one way or another.
Not that he hasn't already, he will continue
to do so.
Another CEO bites the dust
For Immediate Release
July 14, 2010 United States Attorney's Office
District of New Jersey
Contact: (973) 645-2700
CEO of Capitol Investments USA Inc. Indicted for $880 Million Ponzi Scheme Based on Phony Grocery Business
NEWARK, NJ—A federal grand jury indicted Nevin Shapiro, former owner and chief executive officer of Capitol Investments USA Inc. (Capitol), today for allegedly overseeing a $880 million Ponzi scheme linked to his purported wholesale grocery distribution business, U.S. Attorney Paul J. Fishman announced.
The indictment charges Shapiro, 41, of Miami Beach, Fla., with using Capitol to solicit hundreds of millions of dollars from individuals who believed they were investing in Shapiro’s grocery distribution business. The indictment alleges that Capitol had no active wholesale grocery business during the relevant time period, and that Shapiro used new investor funds to make principal and interest payments to existing investors, as well as to fund his own lavish lifestyle.
Shapiro was previously charged by complaint and surrendered to special agents of the FBI and the Internal Revenue Service (IRS) on April 21, 2010, in Newark. He has been in federal custody since that time. The complaint charged Shapiro with one count each of securities fraud and money laundering; the indictment adds one count of conspiracy to commit securities and wire fraud, two counts of wire fraud, and one count of money laundering. The indictment also seeks forfeiture of any money or property identified as proceeds from the offenses.
According to the indictment and other documents filed in this case in federal court in Newark, from January 2005 through November 2009, Shapiro solicited investors from New Jersey and throughout the United States through Capitol, telling them that he would use their money to fund his wholesale grocery distribution business. To induce those investors, Shapiro directed others to create and show to the investors documents fraudulently touting Capitol’s profitability. Those documents included: financial statements profit and loss figures that fraudulently represented that Capitol’s wholesale grocery business was generating tens of millions of dollars in annual sales; personal and business tax returns for Shapiro and Capitol that also fraudulently reflected those sales; and numerous invoices fraudulently reflecting transactions between Capitol and other companies in the wholesale grocery business.
As a result of these solicitations, more than 60 victim investors, including some from New Jersey, sent more than $880 million to Shapiro and Capitol during this time period. Beginning in January 2009, Shapiro and Capitol failed to make required principal and interest payments to investors. At the time, Shapiro told investors, among other things, that the payments were not being made because Capitol’s vendors were late in making payments, that Capitol was suffering from cash flow problems and that Shapiro’s accountant was on vacation.
Shapiro misappropriated approximately $35 million in investor funds for his personal use, including paying millions of dollars in debts resulting from illegal gambling on sporting events. Using investor money, he also spent more than $400,000 for floor seats to watch the Miami Heat professional basketball team; approximately $26,000 per month for mortgage payments on his residence in Miami Beach, recently appraised at approximately $5.3 million; approximately $7,250 per month for payments on a $1.5 million Riviera yacht; and approximately $4,700 per month for the lease of a Mercedes-Benz automobile.
Shapiro also used stolen funds to purchase a pair of diamond-studded handcuffs, which he gave as a gift to a prominent professional athlete, as well as to make $150,000 in donations to the athletic program of a university in the Miami area. As a result of a 10-year gift to the university, the Nevin Shapiro Student-Athlete Lounge at the university was named for the defendant.
Shapiro and Capitol were forced into bankruptcy in November 2009. At that time, they owed more than $100 million to victim investors.
If convicted, Shapiro faces the following maximum potential penalties per count of the indictment:
Charge Maximum Potential Penalty Per Count
Count One – conspiracy to commit securities fraud and wire fraud Five years in prison; fine of $250,000 or twice the gross gain or loss from the offense
Count Two – securities fraud 20 years in prison; fine of $5 million
Counts Three and Four – wire fraud 20 years in prison; fine of $250,000 or twice the gross gain or loss from the offense
Counts Five and Six – money laundering 10 years in prison; fine of $250,000 or twice the gross gain or loss from the offense
http://newark.fbi.gov/dojpressrel/pressrel10/nk071410.htm
READ....GOOD
all partials
not what I said
That was my 3.2m hopefully more 2's will show up now or soon
FINRA 1st if ur going to do something
u were saying??
Can't buy through Zecco..bturds