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This vacuous corporation was just a buzz front for maintaining confidence in a stock that was doomed to fail.
Up like a lead balloon, which BTW is a new Dewmar product for which little Marco has obtained exclusive distribution rights. He is going to issue 50 million shares a month to J. Riley Jr to help market this product globally, especially in Africa, where Riley has contacts. Riley told Marketwired, "People in some villages has=ve never seen a real balloon, so they will not know the difference."
Yes, longs are loading their shorts after this train wreck. No pun intended.
Dewmar is the distributor. But that's a minor detail given that it cannot be distributed with melatonin and the names on the label cannot be used in a consumer food and beverage product? The FDA cracked down on Drank and Leab drinks, along with a host of other drinks containing melatonin. That was in 2014. When it surfaced back in Wal-Mart it didn't last long. The product along with Kush Cakes are no longer being sold in wal mart or online.
Numerous stores on the lean website have been called and none of the ones contacted have the product. This product as it is currently labeled and formulated is not a legal product for distribution.
Meant 7 times Perry. Perry got 42 months for $3.3 million. Morans is about 7 times that. He faces 10 years.
The debt conversion on the stock was ridiculous. The stock price basis was something like .0002, lower than it is now, and that was at a time when the stock was worth much more.
What is your assessment of the massive trading volume that appears to come prior to public knowledge of the forthcoming filings?
Sentencing is not a formality. Just today a nurse practitioner who was responsible for $3.3 million in fraudulent reimbursement claims was sentenced to 42 months in prison. The same judge will sentence Moran in November. Perry pled to the same offense under 18USC as Moran did. Now, he is responsible for $22 million (three times Perry), so do the math. Max Moran can get is 10 years. This might be the best deal he has ever made.
Victims of the Dewmar Marcon can write the federal judge who will sentence Marco Moran in November. That address is:
701 N. Main St.,
Suite 228.
Hattiesburg, MS 39401
Dewmar doesn't own any of the products it distributes. So what is it that would be acquired in a merger? This is nonsense. That's the fundamental factor that people seem to be missing.
Furthermore, Dewmar is a "brand building" company that distributes SOMEONE ELSE's product. Any assets obtained by HWRC will be seized and/or are being sold and forfeited as part of a plea deal.
Moran is a con man. Unfortunately for people who have been drawn into the con, they often cannot see the end of the tunnel. Hopefully there will be no other victims.
Not possible. Dewmar doesnt own anything. What would they be buying? Dewmar doesnt own any of the products that have been distributed, which are no longer being distributed. Lean is illegal with melatonin, and so are Kush Cakes. FDA settled that.
No smart person buys into a felon who is goin f'n to prison who is running a company with no legal products.
Watch this video. The guy had it nailed. Dewmar diluted the shares and issued well over 1.4 billion shares over 10 month between late 2013 and 2014. All of this fraud money was flowing into the company and Deamr was about to publish audited financials and the stock was going to take off, but it wasn't so easy. Moran could not get an sign-off of the financials by an attorney or an auditing. That would come in July 2017. Was this a pump and dump misfire in 2014.
According to the 8k disclosure, Moran has 50 mil preferred stock convertable to common at 50 times that. His filings with the state of Mississippi show 2.7 billion common shares total that can be issued. So converting 50 million preferred with a 50 multiple comes to 2.5 billion. Since he has issued 2.7 billion (massive dilution from 1 billion to 2.4 billion from December of 2013 to September 2014), he can't convert stock. PLUS the company has no value.
What exactly does Dewmar own to justify the current market cap?
Felon and Fraudster Moran to try another pump of the stock? Not likely, he is under a very tight leash. Any slip up and he is going to lose his bond.
Feds may take that. Isnt that from the money that came into HWRC from Medworx? If so, it's theirs.
That post is not an opinion. Have you read the entirety of the recent filings, which include the checks from Medworx? It is all in the filings. Moran washed fraud proceeds through DEWM. What is very interesting is there was a lot of front loading of the stock in the week or two before the financials were released in 2017. 200 million shares in one day before the public knew of the 2017 financials being filed. Then more buys came in and drove up the stock from .0025 to almost .15 per share.
Interestingly a larger front load occurred at the very end of 2013 and the very first part of 1st quarter 2014. This was just before the press release titled:
Dewmar International BMC, Inc. (otcqb:DEWM) Reports 550% Growth in Revenue for 1st Quarter 2014 Compared to Previous Quarter
But where were the financials? They didnt come until the next big bump in 2017. This is very auspicious activity. Also, it was during the 2014 period where J. Riley was getting 5 million shares a month.
This whole thing raises all sorts of questions about stock manipulation and insider trading.
For Sale - Moran is selling property at 1001 E Hwy 80, under the llc in the same name.
https://m.realtytrac.com/homes-for-sale/ms/clinton/39056/1001-highway-80-e/200429831
That's just it. Dewmar doesnt own anything. Name one thing Dewmar owns that is not being seized by the feds? Dewmar doesnt own Lean. Dewmar doesn't own cushcakes. Dewmar was a glorified distributor that funded lavish travel, parties, cars, and lawsuits for non payment to the real distributors. This whole thing is a front for Marco to launder money and dilute stock to pay for his political payoffs.
Consider the unique circumstances here. Have any other company's CEO pleaded guilty to massive fraud against the government, then funneled money through the corporation?
Did.any of the other companies state in the filings that the CEO was critical the survival of the company? This is a rather unique set of circumstances. This can't go on much longer.
Hard to do that in prison.
Dewmar's filings state he is critical and essential to Dewmar's survival. Those statements are in the 8k. The whole scam called Dewmar has been a front for Marco. This guy is a snake oil salesmen. Dewmar doesnt own anything. It doesn't even own Lean. Dewmar is just a promotion machine for Morans enormous ego and "superhuman strength."
Sooner or later the SEC is going to shut this scam down.
Write Judge Starrett and tell him that and why.
https://www.dallasjustice.com/federal-crimes-sentencing-guidelines-health-care-fraud/
Health care fraud starts at level 6. With the amount of money he billed, add 22. Now he is at 28. Then come enhancements. This is where the feds can add more points in the pre sentencing report.
According to the chart follow column one down to 28.
https://www.whitecollarcrimeresources.com/federal-fraud-sentencing-guidelines.html
https://www.dallasjustice.com/federal-crimes-sentencing-guidelines-health-care-fraud/sentencingtable-healthcarefraudcropped/
Anyon who knows this judge would opine that the chances of Moran not getting jail time is zero. You don't defraud veterans TRICARE of $22 million and have a team of agents (many of them veterans) skate with no jail time. Judge Starrett is consistent in his sentencings on fraud.
Below are links to federal sentencing resources. Moran will be a category 1 offender if he has not been convicted of any other crimes previously.
Next is the point system of the crime itself. Health care fraud starts at 6 then the amounts come into play. Over 20 million is 22 points. That totals 28. Then there are additional factors in the ore sentencing report. Moving fraud proceeds through a public corporation could enhance the sentence 2 to 4 points. But if Moran takes full responsibility for his crimes he could get a 2 point reduction. Losing his license in Louisiana could also enhance his sentence under prior acts.
If you just take the base offense of 28 he is looking at 78-97 months.
For Moran to get to plead guilty to 1 count of health care fraud, that is pretty indicativenof someone already cooperating. He has likely already given a proffer detailing all of his crimes and what he is prepared to testify to.
Don't forget, his pharmacist at Custom Care Pharmacy in Canton, Silas k Richmond has already pled guilty after he was indicted.
You are incorrect. Moran is going to prison. So who is this VP? Lol
Somewhere between 5 and 10 years with the odds being in the higher end of that range. There is little doubt the feds could have buried him in charges, so he is cooperating. His attorney is Brad Pigott. Pigott is a former U.S. attorney in the Southern District of Mississippi. He has the right attorney to cooperate with the current U.S. Attorney's office.
The pre sentencing investigative report is prepared by the U.S. Department of Probation. With the amount of money involved, Marco's recommendation will come in well over 10 years, but the statute will limit sentencing to 10years.
Dr. Diaz, who was sentenced to 36 months actually had a recommendation between 72 and 84 months. Somewhere in that range. Since Diaz never received money, was almost 80 years old, and had hundreds of monthers, whose babies he delivered, white to Judge Starrett, Starrett made an unusual departure in sentencing guidelines.
Has Marco delivered any babies?
The plea deal is public and Morans court hearings are on audio for the world to hear. Listen to the audio and you will understand the plea deal.
Audio Moran Guilty Plea
Write Judge Starrett and tell him what your experience has been with Moran. Judge Starrett has stated n court that he reads all letters before sentencing.
District Judge Keith Starrett. Chambers Information. 701 N. Main St., Suite 228. Hattiesburg, MS 39401.
It is not an either/or scenario.
Moran must forfeit $12.2 million in property and assets, pay restitution, subject to a $250,000 fine, and faces 10 years in prison. The amount of money involved puts him at the very top of the sentencing guidelines, so the Department of Probation will recommend 10 years. It will ultimately be up to the judge, but he very rarely departs from the recommendation.
Marco has also waived all of his appeal rights except for ineffective assistance of council.
You clearly are unfamiliar with the Honorable Keith Starret. Judge starrett is very tough on criminals who defraud the government. He sentenced Dr. Albert Diaz to 3 years in prison, and he didnt make a penny. He just wrote prescriptions to people who he didn't see see as patients.
Moran submitted $22 million in fraudulent reimbursement claims and pocketed well over $12 million dollars, then there is the $6 million he washed through Dewmar's HWRC.
Anyone who claims Moran is not going to prison is very poorly informed (or operating on pure emotion).
Moran is not going to jail. He is going to federal prison. One doesn't defraud veterans TRICARE of $22 million and not go to prison.
Dr. Diaz received no kickbacks, wrote $3.2 million in prescriptions and received 3 years. He was in his late 70's.
Moran is going to federal prison. 5 to 10 years is a solid estimate based on Judge Starret's previous sentencing patterns.
Who takes over Dewmar for the felon going to prison?
You seem rather ill informed. Marco pled guilty. There was no trial. Please listen to the audio of the proceedings on https://hattiesburgpatriot.com
Name one CEO of a publicly traded company who has been convicted of fraud and is still running the company.
Smart people don't invest in fraudsters, especially with those who funnel fraud proceeds into the company. There is no hope for Dewmar. They have no legal products. None.
Find one Wal-Mart that has Lean for sale. Start calling the stores on the website. If they have a can, as them if it contains melatonin. Also ask them if the name is Yella, Purp, or Easta Pink. If they have it and it shipped after Moran's bond hearing, he could go to prison and forfeit $100,000.
The products Lean Slow Motion Potion and Kush Cakes are no longer on Walmart.com. Moran stated that wal mart would only sell Kush Cakes online. They no longer sell either products online.
The two or three current online retailers on Amazon are selling old stocked items which contain "melatonin," and are either out of stock or have a few items left.
A consumer beverage or brownie may not contain melatonin. Only a supplement may contain melatonin. The FDA made that abundantly clear with Moran via email communications obtained through public records request.
With Moran being out on bond, he cannot violate any laws whatsoever. So, if he distributes a product with an illegal ingredient or unlawful packaging, he is going to lose his bond and go to jail.
There is no distributor that can be located for Kush Cakes or Lean, or any other product purported to be a part of the Dewmar portfolio. All phone numbers, addresses, found in any public documents lead to dead ends, except for one. That distributor has old product with old labeling, which is prohibited from being sold by Dewmar.
If anyone has any evidence of any active distribution channels that have FDA approved labeling and ingredients, please send that information to editor@hattiesburgpatriot.com
Marco should have marketed one gear ten speed "Super Cycle."
Wal-Mart has pulled Lean from stores and the website. Kush cakes are no longer on Walmart.com Dewmar hasnt bought C-Swiss from the Miami distributor in years.
According to Dewmar's response to an FDA alert letter, the only products with melatonin on the label were already sold. The FDA also stated he couldn't use the names Yella, Purp, or Easta Pink because they related to illicit street drugs. No new labeling or names were ever announced or printed.
Dewmar cannot produce one document that shows they have a viable product to distribute with current distribution channels, and products being shipped. If they do, they would publish them, especially that Moran is an admitted con man.
He might work on his glutes for a good tight squeeze. Dewmar is not distributing a single product right now. What does Dewmar have? Lean is gone. Wal-Mart dropped it. His labeling is the same, even after FDA said he had to change the names and remove melatonin. Kush cakes are kaput. Plus, mhe is a convicted felon. And who wants to d business with a guy who ripped off veterans' TRICARE?