will put Jerry Woods in jail, **Liers are thieves
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You forgot about they are now moving money offshore to hide from the stockholders and SEC and IRS out of reach of FBI.
OT OT OT LASV Enterprises
The key figure behind the Pay Pop scheme was Zaba. This was not his only penny stock experience. In 2000 he had acquired control of a shell company with publicly-trading stock called LASV, and followed the game plan that had worked with Pay Pop. LASV issued public statements about extravagant projects to buy a multi-million-dollar casino in the Dominican Republic, about receiving a loan to buy an airline, and about the billions it expected to collect from a new Russian lottery it would operate. All of these activities were illusory and just designed to get people to buy the stock and drive the price up so Zaba could allegedly dump his own shares. This he did, along with attorney Soloski. The pair made about $2.3 million from the LASV scheme, according to an SEC statement of April 5, 2004.
Kevin Orton
Indicted along with the promoters and sellers of Teletek was a Salt Lake City accountant named Kevin Orton, whose role in the scheme was described by prosecutors to the "Las Vegas Review-Journal" in October 1999 as "paying bribes and operating the principal stock and bank accounts used to carry out the scheme. " (1) He was convicted on charges of racketeering, securities fraud, and wire fraud and sentenced to about nine years in prison. He had already started this sentence when he was named as a defendant in an SEC civil case against the Draper, Utah-based Intelliquis International Inc., a penny stock that was delisted from the Over-the-Counter Bulletin Board for failure to file reports with the SEC as required. In the financial statements it had filed, for 1999 through 2001, the SEC alleged that the company had overstated its revenues by 37% and its shareholder equity by 49%, much of this due to the company's policy of treating the transfer of products to consignment dealers as completed sales, a practice not consistent with US Generally Accepted Accounting Principles (GAAP) because of the uncertainty as to the ultimate sale. Intelliquis's auditor--Kevin Orton--was accused of allowing the company to issue the financial statements with this inappropriate accounting treatment.
Jones, Jensen & Company
According to information in an SEC administrative complaint in a separate case, Kevin Orton had been a partner in the Salt Lake City accounting firm of Jones, Jensen & Company, which seemed to be the auditor of choice for more than a few penny stock issuers that were later named in federal civil, criminal, or administrative actions. The name partners in the firm--R. Gordon Jones and Mark F. Jensen--were cited for lapses in auditing standards in other penny stock cases, including Pan World Minerals International, Dynamic American Corporation, and Sky Scientific.
Pan World Minerals and Dynamic American
Although Pan World and Dynamic American were two separate companies, both controlled by the same Utah residents--Robert G. Weeks, David A. Hesterman, and Kenneth L. Weeks, and both issuing stock to finance murky South American mining deals that had little benefit for the companies' investors, they were marketed to investors as separate companies. Dynamic American actually negotiated to buy a tin mining operation in Bolivia, but according to information in the SEC's cases against the two companies and their principals, Hesterman and the Weeks spent a great deal of time paying offshore entities to create shell companies to receive unregistered Dynamic American stock, on the flimsy premise that the shells were providing "consulting" services. In December 1996 Dynamic American's charter was revoked by the State of Utah. The Weeks and Hesterman were barred by the SEC from penny stock offerings in February 2002. In May 2001 auditor Jones was barred from practicing before the SEC over his alleged failure to obtain "competent evidential matter" to help establish a reasonable value for the Bolivian mining interests which Dynamic American had artibrarily valued at about $40 million. Whatever their value, the original owner reportedly took the properties back in late 1996, so shareholders would receive little or no benefit from them.
Sky Scientific
Another Jones, Jensen audit client whose accounting was challenged by the SEC was Sky Scientific, a penny stock issuer formed through a reverse merger with a publicly-traded shell company in 1993. After the merger, when Sky could sell shares to the public, the company suddenly began a publicity campaign to announce big mining projects, hired a team of stock promoters--Robert Schlien, Melvin L. Levine, William David Jones, and Philip M. Georgeson( 2)--to boost the stock's price. According to an administrative proceeding against several participants in the scheme, Schlien, Levine, and Jones distributed about 20 million shares of Sky Scientific among accounts at Canaccord Capital, Smith Benton & Hughes, and two other brokerages.
The Sky Scientific promotion raised about $80 million from investors before crashing upon revelations of faulty accounting. in October 1994. Within the previous year, the company had gone through six auditors, including Jones, Jensen, in search of someone to let it get away with including on its balance sheet almost $30 million of mining properties and $40 million of "restricted" Russian certificates of deposit. Now here is something that may sound familiar. Eagle Holdings, the company which bribed brokers at Cohig & Company to push its stock, also had claimed to have millions of dollars worth of Russian CDs on its books. The Eagle CDs turned out to be fakes, as did the ones claimed by Sky Scientific.
***
Most reporting of fraudulent penny stock promotions deals with one case at a time, because news reporting deals with events as they happen. That doesn't mean that each case is an isolated or unusual event. Often the individuals involved in fraudulent stock promotions also turn up in other cases. Corrupt brokerage firms are often involved in more than one fraudulent scheme, and penny stock fraudsters frequently pop up in other schemes as well, until they end up being described as "recidivists," the SEC's scornful way of referring to repeat offenders. There are a lot of recidivists out there, many not the least intimidated by court injunctions, fines, or sanctions and some not even much deterred by prison sentences. It is important for small investors to be aware that a lot of these pros are on the job, that they sometimes try to hide behind the scenes as stock promoters, and that they have their own support group of accountants and attorneys, all on the look-out for new worthless stocks to tout to the unwary.
***
(1)Carri Geer, 'Three accused of bribery in stock scheme trial," Las Vegas Review-Journal, October 27, 1999.
(2) All of these promoters have been fined, sued, censured, or convicted in other fraud cases. Between 1989 and 1992 Schlien was barred from association with broker-dealers and subject to a federal court injunction barring future securities laws violations, fined $25,000 in a Florida state securities case, much of these actions related to his alleged role in a fraud at Profile Invs. Corp.Jones was censured and fined in April 1989 by NASD for making unauthorized transactions in customer accounts, was made subject to restrictions on his business activities by the Florida Department of Banking and Finance in 1989, barred as a securities firm supervisor by SEC in 1993 and convicted on charges of conspiracy, securities fraud, and wire fraud in 1998 in one of the Las Vegas Teletek cases (US v Cozzolino). Georgeson was censured in September 1989 by the NASD and was subject to a permanent injunction against securities law violations by SEC. Levine was a defendant in two criminal cases resulting from the 2002 penny stock investigation in South Florida called "Operation Bermuda Short."
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© STEPHANIE AYRES 2005 ALL RIGHTS RESERVED
FINANCIAL CRIME NEWS 2005
OT OT OT In January 1999 a New York attorney, Felice F. Mischel, a partner in the law firm Schneck, Weltman, Hashmall and Mischel, pleaded guilty to a charge of offering a false instrument for filing. Mischel had been corporate attorney for some of the entities whose stocks were being manipulated by A.R. Baron, Westfield Financial, and others. Another London attorney, Andrew Warren, was indicted in June 1999 on charges of enterprise corruption for aiding the scheme by setting up more shell companies in the British Virgin Islands and elsewhere which were conduits for channeling Regulation S stock into the US market in the course of the stock manipulations. Warren was also a partner in Talbot & Creggy. He pleaded guilty in June 2003 to attempted enterprise corruption.
Baron, Blair, and Bear
The New York County investigation of Westfield and its far-flung team of lawyers grew out of an investigation into the stock manipulations engineered by the penny stock firm A.R. Baron. The civil and criminal cases in the late 1990s against Baron and another Wall Street penny stock firm called D.H. Blair spilled over to taint the clearing firm which had handled their trades--Bear Stearns. Principals of Baron and Blair received prison sentences and Bear Stearns was subject to multi-million-dollar fines and court judgments over its association with A.R.Baron.
Smith, Benton & Hughes
Yet another of the defendants in the Scorpion class action case over Regulation S manipulation was a brokerage firm called Smith, Benton & Hughes, along with its principals, Michael Zaman and Claudia Zaman. In addition to its alleged role in the Scorpion scheme, Smith, Benton & Hughes figured prominently in some other penny stock cases, including the manipulation of United States Properties Inc., a penny stock pushed by brokers on the payoff payroll of Ian Richard Hosang, Frank Mancini, and Andrew Scudiero. Hosang was barred by the NASD from associating with member firms in October 1997 as a result of the organizations investigation of Norfolk Securities. Hosang pleaded guilty to conspiracy to commit securities fraud in the United States Properties case. Mancini was an alleged organized crime associate, and Scudiero was sued by the SEC in 1997 over his alleged involvement in the 1995 manipulation of Interactive Information Solutions Inc and StockNet Inc., despite having been barred from the securities industry by NASD in February 1993.
Hampton Capital Management
In addition to Smith, Benton & Hughes, the United States Properties manipulators also recruited brokers at Hampton Capital Management to receive bribes for pushing the stock to customers. Hampton Capital, based in Stamford, Connecticut was shut down in December 1997 by the Connecticut State Banking Commissioner after the firm refused to allow the state regulator to review the records at its main office as part of a state sweep investigation against securities boiler rooms. In the same operation, Connecticut also revoked the licenses of Nationwide Securities Corporation, Investors Associates (both now defunct) and United Equities Corporation of New Jersey. Of the firms caught in the Connecticut sweep, only Hampton Capital was accused of involvement in the United States Properties manipulation.
Connectisys
In another high-profile penny stock case, Smith, Benton & Hughes and its owner Zaman were accused in a 1997 SEC case of colluding with former Assistant US Attorney Andrew S. Pitt and his companies, Devon Investment Advisors Icc., and B& M Caital Corporation to manipulate the price through pre-arranged trading of the stock of Connectisys Corporation. Pitt had allegedly acquired a controlling interest in Connectisys (then known as Coastal Financial Corporation) while he was still an attorney for the US Government, then later allegedly schemed with Zaman and others to manipulate the price in a campaign which combined false public statements about the company with channeling unregistered stock through Devon Investment Advisors to Zaman for sale to the public.
La Jolla Capital
The last major link in the Teletek chain of bribed boiler rooms was San Diego-based La Jolla Capital, run by Harold B.J. Gallison, fined and sued by the SEC and NASD and sent to prison in a criminal case. For a time Gallison's La Jolla Capital was the West Coast's penny stock central. A 1997 NASD investigation cited the involvement of La Jolla Capital in the manipulation of 15 stocks, and the list didn't even include the ones that got La Jolla Capital into the most trouble--Teletek and Golf Communities of America. In 1999 a broker in the company's Las Vegas office, Anthony Campos, was sentenced to 18 months in prison and payments of $120,000 restitution for taking bribes to promote Teletek while working for La Jolla Capital in Las Vegas, an office then being managed by Jay Wells Nance, who had also managed a securities office of First American Biltmore, as noted above.
Golf Communities of America
Gallison and La Jolla Capital were both named as defendants in an SEC case in 1997 over broker bribery to promote a company associated with penny stock veteran George Badger, the secret owner of Golf Communities of America, the former Golf Ventures Inc., which proposed to built the Red Hawk International Golf and Country Club but never seemed to have enough money to complete the project no matter how much stock the company sold. Badger had turned to La Jolla Capital for help in pushing the Golf shares to small investors in his manipulation scheme after his first brokerage partner in the scheme, Burnett Gray & Company, was shut down.
Burnett Gray and Marion Sherrill
According to the SEC's case against Badger and his broker associates, Golf Ventures began paying Burnett Gray in 1993 as the result of a $10,000 consulting agreement with Burnett Gray principal Marion Sherrill. This caused money to flow to the Burnett Gray brokers to push Golf Ventures (later Golf Communities) stock to their customers. Badger even allegedly transferred Golf Ventures stock to Burnett Gray to help the brokerage firm maintain its minimum required capital.
Sherrill was back on the securities fraud landscape in January 2005 when the SEC sued him for allegedly selling unregistered promissory notes to customers of the Georgia brokerage firm where he was working as a registered representative. He was already subject to a November 2003 SEC cease and desist order over his activities in negotiating broker bribery deals between Burnett Gray and George Badger. The SEC case in January 2005 alleged that Sherrill simply sold his own notes to elderly customers as investments with a promise to pay 10% interest, then used the money for personal spending. Sherrill reportedly denied selling notes or receiving client funds.
Ronald Brouillette and Pay Pop
One of La Jolla Capital's more industrious brokers moved on to get into trouble over other small stock promotions, including a Canadian stock called Pay Pop Inc, which marketed stock by regaling investors with stories of major bank loans which never materialized, the purchase of Caribbean beachfront property which never happened, the signing of big contracts which were never drafted, among other misleading claims described in the SEC's complaint of September 2003 against Pay Pop, Brouillette, and Pay Pop principals Daryl G. Desjardins and Robert S. Zaba.
The Pay Pop-pers' scheme to manipulate the stock had some help from Alnoor Jiwan, an employee of CIBC Mellon, a large bank which served as Pay Pop's transfer agent. In order to get around SEC regulations on the trading of restricted shares, Zaba and Desjardins arranged for Pay Pop to bribe Jiwan to remove the restrictive legends to free almost 100 million Pay Pop shares for illegal trading in the United States. Co-defendant Brian Koehn posed as an accountant long enough to create fictitious financial statements for Pay Pop showing what the SEC described as "grossly inflated" assets. The case alleged that although Pay Pop received little benefit from all the sales of its stock, Zaba and Desjardins made about $3 million in profits from the scheme. California attorney Warren Soloski, who prepared legal filings for Pay Pop, was accused of making over $900,000 of profits from insider trading of Pay Pop shares during the manipulation scheme.
OT OT OT
In 1995 the Arizona Corporations Commission (ACC) imposed a $50,000 fine on Bouchy and Whelan, by then principals of an Arizona brokerage firm called Franklin-Lord, over their alleged involvement in the Supermail manipulation. The ACC also banned Bouchy from the securities industry in that state.
Scorpion Technologies
Scorpion Technologies was a software company based in Los Gatos, California. A 1996 federal criminal case in California alleged that company executives, including former Scorpion president Richard Bauer (sentenced to 41 months in federal prison), executives Terry G. Marsh and James T. "Tracy" Marsh (who entered guilty pleas) schemed to inflate the company's income using offshore shell companies which pretended to be Scorpion customers. Bauer's co-defendant, John T. "Jack" Dawson, was sentenced to 2.5 years. Bauer and Dawson both pleaded guilty to one count of conspiracy to commit securities fraud and one count of money laundering.
The SEC also filed a civil case against the Marsh brothers, Richard Bauer, former Scorpion controller Eric C. Brown, and principals of several brokerage firms who allegedly colluded with the Scorpion executives to distribute the stock. Among these brokerage defendants was Albert Terranova, an alleged control person of First American Biltmore Securities. The case resulted in Terranova's being barred from association with broker-dealers and from participation in penny stock offerings by the SEC in February 2003. A class action lawsuit filed in 1995 over Scorpion's alleged stock manipulation involving transfers of large numbers of shares to offshore entities and individuals using the SEC's Regulation S included additional defendants, some of whom have been involved in other schemes.
For example, Scorpion class action case defendant Barry Witz, a Beverly Hills, California lawyer, pleaded guilty in April 2004 in a federal criminal case in New Jersey to conspracy to commit securities fraud for touting a stock called Global Datatel Inc., along with stock promoter Stuart Bockler and Global executives using press releases, interviews, and "road shows" to disseminate false information about the company's financial situation.
Westfield Financial
Based in New York and named as a defendant in the Scorpion class action lawsuit, Westfield Financial was at the center of a local Manhattan case that called attention to the role of attorneys, even some well-known, prominent attorneys, in facilitating penny stock manipulations. In addition to an SEC case alleging its involvement in manipulation of the stock of an apparel company called Candies and a Delaware corporation called Response USA Inc, Westfield Financial principals George A.Carhart and Salvatore Mazzeo, along with consultant James E. Cohen, pleaded guilty in November 2002 to attempted enterprise corruption in a criminal case brought by the District Attorney of New York County which involved spectacular charges against prominent attorneys in England and Canada for helping US citizens use (or rather, abuse) SEC's Regulation S to manipulate stocks and engage in other fraudulent activity, some of which was carried out by the defunct securities boiler room A.R. Baron.
In November 2002 Stuart Creggy (a senior partner in the London firm of Talbot & Creggy and Queen's Magistrate for Westminster and Kensington) and Harry J.F. Bloomfield (senior partner of the Bloomfield, Bellemare law firm in Montreal, Quebec, a Queen's Counsel and honorary counsel for the African country of Liberia) were both convicted in the New York case for using corporations and bank accounts in secrecy havens such as Belize and Liberia to facilitate securities fraud schemes orchestrated by their New York clients. The attorneys allegedly persuaded a Liberian diplomat to falsify corporate records to conceal the true ownership of the shell companies being used in the securities scheme.
OT OT OT As for Teletek itself its former president, Michael G. Swan, pleaded guilty in November 1999 to over 70 counts including racketeering, conspiracy, securities fraud, wire fraud, and money laundering. Another Teletek executive, Keith Shwayder, was also convicted of racketeering, conspiracy, money laundering, securities fraud, and mail fraud.
Among the individual brokers who were indicted and sued by the SEC over Teletek bribery were:
Thomas Anthony Calise of Vallejo, California, a broker at Mathews, Holmquest & Associates, who sold thousands of shares of Teletek to customers. Calise was sanctioned by SEC and indicted in 1998 federal case in Las Vegas.
Charles Stember of Denver, a broker at RAF Financial Corporation, received about $3,000 of undisclosed compensation from Teletek affiliates. He was barred by the SEC from associating with broker-dealers and was indicted in the same Las Vegas federal case as Calise.
Gerard W. King of Metuchen, New Jersey, a broker at Sunpoint Securities, was barred by SEC from association with broker-dealers and penny stock offerings in March 1999, and also indicted with Stember and Calise in the Las Vegas case known as US v Cozzolino. In addition to the securities charges, King pleaded guilty to money laundering.
Three brokers at RB Webster Investments Inc., a Lauderhill, Florida securities dealer which opened 1986 and ceased operations in 1993:
1. Steven Ira Wertman of Delray Beach, Florida, barred from associating with NASD members in 1988, pleaded guilty to racketeering in the federal case against Swan in Las Vegas in 1996, sentenced to 21 months prison.
2. Robert Bruce Orkin of Coconut Creek, Florida, the principal officer of RB Webster between 1986 and 1993, barred in 1993 by NASD for a 1989 market manipulation, convicted of securities fraud, wire fraud, and conspiracy in the Las Vegas case US v Cozzolino, sentenced to 65 months in prison and a fine.
3. Edward Charles William Donner III of Palm Beach, Florida, vice president and compliance director for RB Webster, pleaded guilty to one count of conspiracy and sentenced to five months in prison.
Teletek's Friends at Cohig & Associates in Solana Beach
Some of Teletek's most aggressive and most highly-rewarded promoters were brokers at the Solana Beach office of Cohig & Associates, where manager John B. Morris was also the general partner of a secret partnership called Carmel Equity Partners, an entity he created to receive bribes paid by Teletek to Morris and other Cohig brokers in Solana Beach. In January 2000 Morris was convicted in a Nevada case on conspiracy to commit securites fraud, and in December 2001 he was barred by the SEC from association with broker-dealers.
Other Cohig brokers joining Morris in receiving secret payments from Teletek and other companies for pushing stocks included:
1. Edward Bracken: pleaded guilty to conspiracy to commit securities fraud in 1997 Teletek case in Las Vegas, barred by SEC from association with broker-dealers.
2. Douglas Diggins: pleaded guilty to conspiracy to commit securities fraud in Las Vegas Teletek case
3. Kelsey Vandeventer: convicted of conspiracy to commit securities fraud and money laundering in Las Vegas Teletek case. Banned from the securities industry by SEC
4. Richard L. Goodrich: convicted of conspiracy to commit wire fraud and securities fraud in Las Vegas Teletek case. Banned from the securities industry by SEC.
5. Bruce E. Masnekoff: convicted of conspiracy to commit securities fraud in Las Vegas Teletek case.
6. Lawrence D. Isen: convicted November 2000 of conspiracy to commit securities fraud and wire fraud for receipt of secret payments to promote and sell stock of Eagle Holdings in New York criminal case
7. Peter P. Kim: convicted November 2000 of conspiracy to commit securities fraud and wire fraud in New York criminal case over Eagle Holdings payments
8. Thomas A. Carey: pleaded guilty to conspiracy to commit securities fraud and wire fraud September 1999 in San Diego case over Eagle Holdings payments
9. Frank Marsella: convicted in same San Diego criminal case as Carey September 1999 over Eagle Holdings payments
The Eagle Holdings Scheme
Some of the Cohig brokers were convicted or pleaded guilty to accepting bribes to promote a penny stock called Eagle Holdings. Two principals of Eagle Holdings--Gordon L. Hall and R.L. Porter-- were sued by the SEC in September 1996 for allegedly scheming to inflate the value of assets reported on Eagle's financial statements between 1992 and 1994. For example, Eagle bought a $367,000 note secured by real estate from a company controlled by Hall and valued it at $2.5 million on the company's financial statements. A $200,000 interest in undeveloped land in Oklahoma acquired by Eagle from a company controlled by Porter was valued on Eagle's financial statements at $1.3 million. According to the SEC, Eagle ascribed a value of $10.5 million to a debenture somehow related to an agreement to lease stock to offshore insurance companies. Meanwhile Hall made over $2 million of profit from sales of Eagle stock.
Eagle, Autocorp, Diamond, Chariot
Penny stocks often change their names, but few barrel through as many name changes as quickly as Eagle Holdings, which between 1996 and 1998 converted itself into Autocorp Equities, then into Diamond Entertainment Inc. and finally into Chariot Entertainment Inc. An August 1998 civil case filed in federal court in Salt Lake City by the SEC charged five individuals associated with Diamond/Chariot of inflating the company's assets with a bogus $5 million certificate of deposit supposedly issued by a Russian bank. The SEC alleged that the "CD" was really made by one of the defendants, Hillel Sher, at a Kinko's copy shop in Hollywood, Florida. The case also charged that Diamond/Chariot planned to issue stock to finance the acquisition of the phony certificate of deposit. Charged along with Sher in this scheme were Michael Carnicle, Amotz Frenkel, Nili Frenkel, and Robert Cord Beatty, who had been sued in 1995 along with four different associates for raising $2 million from investors for a phony prime bank scheme which had promised returns of 10% to 25 % per month from the trading of documentary letters of credit, standby letters of credit, prime bank notes and other items.
First American Biltmore Securities
Teletek's network of brokers did not stop with RB Webster and Cohig. There was also First American Biltmore Securities, employer of brokers Terry Lee Lewis, Trent David Gribben, and Steven Gale Trapp, all of whom pleaded guilty in one of the Las Vegas criminal cases over Teletek bribes. Trapp was also cited by the SEC for taking payments from other penny stocks, including Medgroup Inc., and a Canadian company called Enrotek. The SEC's September 2001 case against John Banach, the principal of Enrotek claimed that Banach came into contact with the hungry brokers at First American Biltmore through Dennis Williams, a former broker who had been barred from the securities industry himself, but apparently maintained his lucrative network of contacts. Banach allegedly was put in touch with Williams by California stock promoter Kevin Woodbridge, another key Teletek promoter who also was hired to promote Enrotek and an Idaho company called Aqua Vie Beverage Corporation.
Enrotek's only known asset was undeveloped land in Portugal, but with the help of Woodbridge and Williams, brokers at First American Biltmore Securities and Cruttendon Roth had incentives to promote Enrotek stock to customers. According to the SEC, Woodbridge and Williams had joined up to pay brokers to push stocksbefore, so the secret payments for Teletek, Enrotek, and Aqua Vie were just business as usual. Williams's contact at First American Biltmore was identified as Jay Nance, who achieved the dubious honor of being a lead defendant of one the three Las Vegas Teletek cases (US v Nance et al, CR-S-96-271 D.Nev), was a manager at First American Biltmore.
Aqua Vie Beverage
In February 2004 the SEC filed a civil case against Aqua Vie, based in Ketchcum, Idaho, its CEO Thomas Gillespie and its major shareholder, Joseph Wozniak. The case alleged that the defendants sold about 2.75 million shares of Aqua Vie stock after touting it on millions of spam faxes. Aqua Vie also failed to make timely filings of its financial statements with the SEC, which claimed that the company had no other source of cash than the proceeds of stock sales. In a July 2003 administrative proceeding, the SEC barred broker Robert Thomas Clawson from association with broker-dealers and also from penny stock transactions. Clawson worked with promoter Kevin Woodbridge to promote Aqua Via and Enrotek while working at brokerage firm Cruttenden Roth
Supermail and Franklin-Lord
Another SEC action addressed the role of First American Biltmore Securities in promoting the stock of Supermail International Inc and Scorpion Technologies. These stocks were also the subject of SEC civil actions. In December 1996 the SEC filed a complaint against two former First American Biltmore brokers, Brett L. Bouchy and Richard C. Whelan, who allegedly promoting Supermail stock to clients without disclosing that they owned the stock personally and stood to make a 200% profit on their sales of this stock. Bouchy and Whelan allegedly used nominee accounts to conceal these profits and also allegedly misappropriated funds from a client.
Supermail had other problems. After what a US Department of Justice official described to Congress as "one of the largest money laundering sting operations targeting a check cashing business in US history," the CFO, president, and vice president of check-cashing and money-transmitting company Supermail were arrested in July 1998. They were charged along with six others in a 67-count federal indictment. The investigation had initially focused on a Supermail outlet in Reseda, California where the manager had arranged to launder the proceeds of drug sales for a fee. As the volume of these transactions allegedly grew to over $3 million, Supermail executives allegedly approved the continuation of this activity
Thinks I stand Corrected.
Thanks I stand corrected.
I agree (Good movie) do a movie , a letter campaign, articles to financial publications, letter to SEC, State of Nevada , This insanity must stop.
When will your movie be out???
Thanks
LGL
Do you think its time to gear up to slam them for screwing there first shareholders ???
Thanks
LGL
Hybrid Technologies Inc. (HYBT) Rated Speculative Buy, Target Price 5.12 by Beacon Equity Research
Click below for more
New report issued on a hybrid technology company which is targeting the fast growing hybrid market.
Hybrid Technologies Inc. (HYBT) has been rated “Speculative Buy” with a target price of $5.12 by Beacon Equity Research
The full report is available at http://www.BeaconEquityResearch.com.
In the report, the analyst writes, “Hybrid Technologies, Inc. (HYBT) is developing and marketing electric-powered vehicles and products based on advanced lithium battery technology. The Company has developed a proprietary advanced lithium management and battery-balancing system and is converting vehicles from conventional gasoline and diesel fuel systems to electric power. HYBT has converted several test vehicles to electric power, including Chrysler PT Cruisers, Mini Coopers, Chrysler Crossfires and Mercedes' Smart cars, and is commencing production of its Mini Cooper lithium hybrid. The Company is also converting two-wheeled and three-wheeled vehicles such as bicycles, motorcycles, small ATV’s and vehicles for the handicapped into lithium-powered products.”
Investment Highlights
Business model based on technology advances
The Company is using its advanced lithium battery technology to develop and eventually produce and market lithium-powered vehicles and products for the US market. HYBT is developing a portable battery power pack technology and converting popular vehicles from conventional fuel systems to electric power systems. To date, the Company has successfully converted cars as well as scooters, bicycles, mopeds, motorcycles and even homes to zero-emission, lithium battery power.
HYBT’s business is not limited to hybrid fuel technologies: the Company also offers VoIP telecommunications services to businesses and residential customers and plans to extend the operations of this business segment into Canada, Europe and the developed countries of Asia.
HYBT’s battery technology offers one of the industry’s fastest charger systems
HYBT hybrid vehicles draw power from electricity stored in batteries instead of from the combustion of liquid fuels. The Company uses high energy density and lightweight rechargeable lithium ion batteries that can be charged simply by plugging into household electrical outlets.
In August 2007, HYBT announced the development of a highly advanced rapid charger system. A battery pack equivalent to 35-40 kWh systems can be charged in less than 4 hours from 0% state of charge to 100% state of charge. Compared to other chargers, HYBT’s rapid system reduces charge time by 65%.
Technology applications tap an expanding market
HYBT’s battery packs can be produced in a variety of sizes, capacities and voltages to suit a broad range of product applications. In trials of its technology, the Company has successfully converted several models of cars, including Chrysler PT Cruisers, Mini Coopers, Chrysler Crossfires and Mercedes' Smart cars to lithium power. It has also converted numerous two-wheeled and three-wheeled vehicles such as bicycles, motorcycles, small ATV’s and vehicles for the handicapped. HYBT hybrid vehicles offer numerous advantages compared to conventional fuel vehicles, including zero-emissions, high-speed capacity, rapid charge time and overall functionality. Its hybrid vehicles are able to reach speeds of 80 miles per hour, accelerate from 0 to 60 miles per hour in six seconds and travel more than 120 miles on a single charge.
Portfolio of contracts
The Company has signed contracts for the development and deployment of its technology with NASA, the Canadian Ministry of Transportation, the City of New York, the US Navy, and Paratransit, a New York transportation company, among others.
HYBT’s hybrid ATV-LX vehicle was used by NASA during a training mission and has been chosen by the US Navy for military missions. Initially developed for military applications, the ATV-LX will be made available to consumers by year-end 2007. In addition, the Company has contracts with Arcasis, a contractor to the US EPA, for the use of hybrid vehicles in advanced roadside air quality monitoring. Increasing government support and sponsorship of environmentally friendly technologies will likely create future government contracting opportunities for HYBT.
Media coverage enhances HYBT’s visibility
Media coverage is helping the Company solidify its position as an emerging leader in hybrid automotive technologies. The Company’s products and technologies have been featured on TV and in the print media on CNN, CBS the Early Show, FOX - the Big Story, ABC, NBC, CTV, CBC, WCNC, WBTV, TV Tokyo, CFCN Money TV, Space Channel, Car and Driver, Global News, Business Week, Living Well magazine and MSNBC. Newspaper stories about the Company and its technology have appeared in NC Business Journal, Statesville, Calgary Sun, Calgary Herald, Toronto Star, Chrysler Freedom Magazine, Easy Rider, DuPont Registry, Kyodo News, Charlotte Weekly, Mooresville Tribune, New York Post, Los Angeles Business Journal and other papers.
The Discovery Channel recently completed filming a special series on Hybrid Technologies and their latest production vehicle, the lithium-powered Mini Cooper. Discovery Channel reaches 431 million homes in 170 countries.
HYBT is already generating revenues
The growing market acceptance of HYBT’s products is evidenced by the Company’s sizable revenue growth in the first nine months of FY 2007. HYBT generated nearly $1 million in revenues during the first nine months and is on track to reach $1.5 million by fiscal 2007 year-end. Going forward, we anticipate that the creation of a nationwide distribution network for its hybrid vehicles will allow HYBT to generate consistent double and triple digit revenue growth over the near and medium-term.
Environmental concerns drive product demand
Currently, hybrid vehicles have a limited presence throughout the world, but over time this technology has the potential to become mainstream. High prices have been a limiting factor for hybrid cars but this could change as demand builds and manufacturing economies of scale allow prices to fall. An estimated 187,000 hybrid vehicles were sold in the US through the first half of 2007, accounting for 2.3% of total US new light-vehicle market, and this market remains on track to sell 345,000 hybrids in 2007—a 35% increase over 2006.
Environmental concerns and the need to reduce dependence on foreign oil are encouraging governments to promote the purchase of hybrid vehicles. In the US, hybrid electric cars qualify for a federal income tax credit of up to $3,400. In addition, many states provide additional tax credits for hybrid car purchasers. European buyers also benefit from government incentives; in the Netherlands, for instance, a EUR 6000 discount is offered for new hybrid vehicles while the Republic of Ireland offers a 50% discount on registration taxes for hybrid vehicles.
Maybe somebody should inform Beacon that shareholders are contemplating a class action because Hybrid has wronged its shareholders.
Beacon Equity Research Hybrid Technologies Inc. (HYBT) Rated Speculative Buy, Target Price 5.12 by Beac...
Do you need to file owner ship formes with SEC.???
OT But Joe is more BLANANT
A federal judge has issued a temporary restraining order and asset freeze against Terax Energy Inc., a Dallas-based oil and gas firm, and its controlling executive, the Securities and Exchange Commission said Thursday.
The SEC alleges in court documents that Mark Roy Anderson, 53, of Los Angeles is orchestrating a fraudulent scheme involving the stock of Terax.
According to the complaint, after Mr. Anderson secretly
OT OT OT WHAT the SEC will do to BD and JOE is more BLANTANT
obtained control of Terax in April, the company issued false announcements regarding the production of wells in Erath County and other company activities, while the stock price soared from 30 cents to $4.88.
Terax shares traded over the counter at $2.65 Tuesday before being frozen by the SEC.
Terax officials didn't return phone calls requesting comment.
The SEC also alleges that Mr. Anderson fraudulently raised $1 million from about 30 investors in a private placement of common stock by Westar Oil Inc., a private Nevada corporation he controls, after making false claims regarding its oil and gas operations and a purported pending initial public offering.
BDGR A PONZI scheme
My friend
You don't understand Lanza, He wont declare a dividend, he just thinks all of the income is his, he takes a royalty interest off the top so BDGR only pay bills, some the officers and directors do the same, some of Lanza's family also has a royalty override, Now the only reason to buy this stock is to be partners with Lanza and pay his bills. Now what say you???
New Wave Media Share Structure from PR dated July 17th, 2007:
117,000,000 Free Trading
137,000,000 Restricted
254,000,000 Authorized
President: Armando Russo Director: Joe Kruppa
Transfer Agent: Transfer Online of Portland Oregon.
WagerPhone is a wholly owned subsidiary of NWWV and is focused on providing National and State Lotteries
with a number of quick and convenient methods to purchase lottery tickets and scratch cards via the utilization
of SMS, J2ME, Brew, WAP, Interactive Voice Recognition (IVR), and Online technologies.
WagerPhone President: Marc Askenasi
NWWV News Link:
http://investorshub.advfn.com/boards/quotes.asp?ticker=NWWV
Wagerphone and Transfer Online set precedent and initiate relationship to help combat short selling.
http://financialrealtime.com/stocks/otc-stock-news/smallcap553580.html
NWWV: Announces Partnership of WagerPhone Inc. and Impact Mobile
http://www.financialrealtime.com/stocks/otc-stock-news/smallcap539309.html
Globe and Mail Newspaper Article on Marc Askenasi and Impact Mobile:
http://www.canada.com/nationalpost/news/story.html?id=a1168a81-8f3d-450b-b213-7d23c3361faa&k=254....
Deloitte Canada: Published: 9/20/07: Canadian technology continues explosive growth on world stage.
http://www.deloitte.com/dtt/press_release/0,1014,cid%253D171614%2526pv%253DY,00.html
2007 Canadian Technology Fast 50 Ranking: Impact Mobile nc. #5 (+10,455%)
http://www.deloitte.com/dtt/article/0,1002,sid%253D108772%2526cid%253D168671,00.html
NWWV Daily & Weekly Charts Below... FREE Delayed Level2: http://66.201.236.134/export/level2.jsp?symbol=NWWV
Currently Waiting On:
S-4 Filing to complete merge with PLYCF - for more information on PLYCF please see their IHUB IBox: http://investorshub.advfn.com/boards/board.asp?board_id=3011
Dividend Spin Off, Audited Financials & Much More.
Moderator's Disclaimer: This board is for NWWV/PLYCF discussion purposes only and in no way a recommendation to invest or trade this stock. Any investment or trading decisions should be based on your own due diligence. You are solely responsible for your choices to buy or sell this or any stock. You should in no way hold anyone but yourself liable for your own investment or trading decisions.
Etelcharge Focuses on Adding Merchants After Launch of "New Online Way to Pay(TM)"
DESOTO, TX--(MARKET WIRE)--Oct 4, 2007 -- Etelcharge.com (OTC BB:ETLC.OB - News) (www.etelcharge.com) today announced that following its successful launch of its new payment system last week, the company has turned its attention to connecting merchants to offer its new online way to pay(TM). "We're focused now on providing our members with a blue ribbon collection of online merchants where they can shop," said Rob Howe, Etelcharge's Chairman and CEO. "The top 500 online retailer sites had 1.6 billion visits last year and they did $83 billion in business with those purchasers. It's those retailers we're targeting. We've learned they want to find a way to add the purchasing power of our target members."
Howe went on to say that his team has added functionality to the Etelcharge payment system to make certain it is inclusive of a broad range of technologies. "We've particularly focused on cross-browser compatibility to include the Windows browsers -- Netscape, IE and Firefox, and we've also included the Macintosh platform and the Safari browser. The whole idea is to give the huge amount of potential members a simple, easy way to buy online without having to have a credit card or a bank account, and without having to expose their personal information to the potential for identity theft. Our payment system does just that," Howe said. "Our payment system will be able to add hundreds of thousands of transactions to these merchants without degrading its performance -- regardless of the platform used by our members," said Howe. " It's all about ease of access to purchasing."
Members of this revolutionary payment system can create and manage their account via the Company's website -- www.etelcharge.com. Members who meet the payment method criteria can use their AT&T home phone number to make purchases. Those who do not yet meet the phone line criteria will still maintain an Etelcharge account and be able to use it when their systems become active.
"We're off and running," said Howe. "People are becoming members. We look forward to announcing alliances with key merchant partners who will provide the best products available for our members while focusing on value for our shareholders," Howe concluded.
Interested merchants should visit the Company's website at www.etelcharge.com -- Click on Retail Partners or call John Todd, Vice President of Business Development -- 972-298-3800 ext. 35.
About Etelcharge.com
Etelcharge.com (OTC BB:ETLC.OB - News), the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account. For more information, go to www.etelcharge.com.
Recent Headlines
Etelcharge Launches Web 2.0 -- Online Way to Pay(TM)
Marketwire (Thu Sept 27)
Company Concurrently Launches Self-Running Demo for Customers
Marketwire (Mon Sept 24)
Etelcharge Chairman, Rob Howe, to Appear on "Good Morning Texas"
Marketwire (Thu Sept 20)
Etelcharge Appoints John Todd to the Post of Senior Vice President of Business Development
Marketwire (Mon, Sep 17)
MoneyTV, Week of 9/14
Marketwire (Fri, Sep 14)
Etelcharge.com Achieves PCI/DSS Compliance Certification
Marketwire (Thu, Sep 13)
Audio, Video, & Interviews
Etelcharge.com Site Demo Powerpoint
(Fri, Sep 21)
Etelcharge Chairman and CEO, Rob Howe, on "Good Morning Texas"
ABC Affiliate WFAA Dallas/Ft Worth (Thu, Sep 20)
Etelcharge Chairman, Rob Howe, Letter To Shareholders
(Tue, Sep 4)
Wallst.net Interview With Etelcharge.com Chairman And CEO Rob Howe
Wallst.net (Thu. Aug 30) Text Link
Overview of Etelcharge Inc.
(Fri, Aug 24)
Can any one tell me the volume or tonnage or some unit of measure to rate this plant and will it be eletro / chem or eletro / plate?
Many thanks
LGL
Not much with Joe incharge, He likes to use your assets and BD as HIS BANK.
How long have you owned this one?
About one& 1/2 yrs.
I can say do your DD or its money down the drain. Because I am buried up to my eye balls I have no intent to buy any BD as long as long as Joe Lanza is involved
isachair
I think its is because he wants to up grade IPHE listing and everthing must go through the corp. Atty.
Thanks Caddo
Looks like Joe is on the move again, I have never seen Joe this bessy, he is probably trying to hide more of BD money.
Is $0.55 all this company is worth or is management taking a pay off? and why dont they want to spend the $43 mill?
Hey Dragon
Tell me are our guys still getting pitures? The committee said they want to make that last one of Joe into a large poster.
This is a clean company ,the audit should not take that long.
LGL
Joe Lanza
You can change all of the Officers and Directors that you want, We still wont trust them, you have had enough time to turn BD into a mega company and now you ran out of time. Because You have failed do what we have ask you to do, its time to put your hat on and leave gracefully
After two years you finally started the audit and we thank you for your effort. Now Joe we still think you are stealing the stockholders blind using BD money to fund your personal projects and fancy gifts for your wife and family, I believe you are ripping royalty off the top of Black Dragons Leases for your own self dealing as well as your family and friends. Joe do you deny receiving royalty moneys off of Black Dragons leases?
I believe that you are using Black Dragon as your own personal Bank knowing full well that the stockholders own this company.
Dragon
Do you think that they will indite the Girls in the office and Gary too and all of the guys at 4 Star and Petro ???
common stock
Definition
Securities representing equity ownership in a corporation, providing voting rights, and entitling the holder to a share of the company's success through dividends and/or capital appreciation. In the event of liquidation, common stockholders have rights to a company's . Common shareholders also receive voting rights regarding other company matters such as stock splits and company objectives. In addition to voting rights, common shareholders sometimes enjoy what are called "preemptive rights". Preemptive rights allow common shareholders to maintain their proportional ownership in the company in the event that the company issues another offering of stock. This means that common shareholders with preemptive rights have the right but not the obligation to purchase as many new shares of the stock as it would take to maintain their proportional ownership in the company.
What do you expect from Joe Lanza? Will he do the right thing?
Where is he hiding your money and your assets? Remember you are the OWNERS of Black Dragon and Lanza thinks your one of the sheep. If you don't stand up to be counted then all of your money you put in BD will disappear. Now is the time to take ACTION. Ack youself what can you bring to the table?
LGL
********
BY JOHN P. MARTIN
Star-Ledger Staff
Two former executives of a Cranford-based technology firm yesterday admitted defrauding 40 investors who poured $5 million into the company after being told it was ripe for a takeover or public stock offering.
During a hearing in federal district court in Newark, R. Kevin Holt and Robert Henches said they conspired to inflate the net worth of InsPara Networking Technologies to lure money for their fledgling company.
Both men pleaded guilty to fraud charges before U.S. District Judge Peter Sheridan. Holt, 53, of Cranford, faces more than 30 months in prison under sentencing guidelines. Henches, 61, of Mont ville, faces more than 46 months. Sheridan ordered both to return for sentencing in March.
Local
My direct line 702-361-6800
I am leaving for a bit, but I will be back.
LGL
Dreamer
You are right bug have a long life, now we need some spray for BD office and clean those Roaches out. Do you think that they will indite the girls in the office also?
NOW HERES THE TAKE AWAY
This shows that the Company will not be profitable in September as hoped. Cash on cash the Dragon will be short around $77,000.00, which can be made up in operations.
***********
Now we can FUDGE THE NUMBERS so you can buy back shares, make up your mind!
JOE LANZA tell us what did you do with the money you received for the 10,000 BO You took out of the tanks, over $700,000 ???
HERE IS THE PIECE OFFERING
Dragon will be looking to acquire more shares in the month of October with prices this low. The Company will do its best to acquire another 500,000 to 1 million or more shares.
***********
At $0.03 on for 1 Mill Shares = $30,000.
Here is the COVER UP.
Lastly, the Dragon has replaced a couple of dozen tanks. These tanks were drained, and the oil now sits in large storage tanks; oil, gunk known as BS and water. The tanks range from 200 to 500 barrels. This month Dragon plans to start cleaning these storage tanks and by this work, will hopefully add an additional 500 to 600 barrels a month.
Is there anybody out there that trust this man?
JOE LANZA are you trying to reshuffle the deck????
OK 3200 BO, of salable oil still in the tanks . What happen to all of the oil left it the tanks since Feb.? JOE LANZA you have NO SCRUPELS, You must that dumb sheep
Posted by: caddopineisland
RE-POST of CADDO invaluable Work.
can check on all closing stocks ( thats the amount of oil left in the tank at the end of each month ) on the State of Louisiana/Department of Natural Resources website called "sonris". It will also show monthly production but these figures are submitted by the operator so they may not be factual.Having grown up in the Caddo Pine Island oilfiled, being a petroleum engineer for the past 30 years not to mention living down the street from your Chairman ( house listed for $900K before he almost doubled its size) and eating dinner at the restaurant he bought for his wife on Cross Lake in Shreveport ($1MM) I wish you luck with your company but be advised, there is no way to increase production from the Annona chalk and Nacatoch wells that Black Dragon has purchased. If so the major oil companies ( Amoco, Texaco and Mobil ) would have already done so before they left this area in the late 1980's
Pay no attention to my post. I have only been drilling, completing and producing wells in North Louisiana for the past 30 years and I am currently drilling 15,000' MD horizontal wells, so I believe I am not living in the 1980's. TECHNOLOGY - Great! Horizontal and multi-lateral wells in the Annona chalk will not work. Why? Bottomhole pressure has been reduced to a point that even with the increased drainage area due to a lateral the formation at best will only gravity drain into the lateral.Also, this lateral will require stimulation via hydraulic fracturing and then a problem arises with the recovery of your treatment fluid. With very little bottomhole pressure how are you going to recover your frac fluid? You could jet the wells with either N2 or CO2 via CTU ( coiled tubing unit) but even with $70/Bbl. gross oil prices this would not prove economic on the amount of oil recovered. Enhanced Recovery/Secondary Recovery will not work in the Annona Chalk. Why? Permeability values on the average of 2 md ( that's millidarcy, after Darcy's Law in relation to fluid dynamics, i.e. fluid flow through a porous medium). The Nacatoch wells/reservoirs are water drive reservoirs with a very strong water drive. Oil/Water ratios in these wells are 5/95 at best. A lateral in the Nacatoch would be interesting but how are you going to address fluid loading in the lateral? One concept that has been around since the early 1980's is the mining of the Annona Chalk and a company is currently conducting tests via core tests in Oil City not far from your corporate headquarters. I only wish you luck with your company but keep the words caveat emptor in mind. Thank you for your wishes of a nice day and a very good day to yourself as well.
At the risk of offending " Charts Talk"
June , 2007 production numbers for Four Star.
1144 Bbls oil produced, average of 38 BOPD with the Horne well producing 624 Bbls.of the 1144 Bbls produced in June.This is a lease that could be sold for appx. $500K+. This represents appx. 50 producing leases and a total well count of 409 wells, although some are SWD wells and some are Status 33 wells ( shutin).
Reported Closing Stocks. 2014 Bbls. Please do not place much faith in the closing stock figures. The majority of the Four Star leases have not produced in months and a lease that has not sold oil in months, the closing oil stock is probably not merchantable oil but actually BS&W ( Basic sediment & water), the crude oil purchaser will reject the oil if the BS&W content is too high. I did not run the totals for Petrol Industries ( both Four Star and Petrol show the Lanza's as owners)
If you would like to view these figures for yourself go to
http://sonris-www.dnr.state.la.us./sonlite.htm
Look under " Well Information"
Click on "Wells by Organization"
Enter " Four Star"
Click on " 1822 - Four Star Oil Company"
You can do the same with Petrol Industries. Hopefully your Petrol leases are producing/selling greater production volumes.
Whats Next?
Only one way to save this company. Hire a local petroleum engineer and/or a non-degreed technical professional who knows how to manage and produce stripper oil wells, give this person free rein to run the operations as he sees fit without taking orders from the previous Chairman. Also, place all operations in the name of Black Dragon, i.e. take operations away from Four Star and Petrol, and employ a company owned/company employee workover rig to cut costs as opposed to contract workover rigs. If these leases will not work at $70.00/Bbl oil, they never will. By taking over operations you will also save money by not having to subsidize a dining/entertainment establishment. Good Luck
I am very familiar with the Caddo Pine Island Field, as to Black Dragon leases, I am not sure what "deep rights" they have. I do know that a Smackover propsect under the Gemini acreage under Caddo Lake has been shopped around Shreveport for the past 3 years. I looked at it and passed. I am not sure if Gemini is still a part of Black Dragon although I drive past some wells that were previously owned by Gemini but now have Four Star wellsigns, these wells are on the north shore of Caddo Lake off of the Dawes Road, used to be owned by Allen Brothers. As far as the "deep potential", the Cotton Valley maybe productive but tests to date have not been encouraging. Samson established 3 Cotton Valley units in Mooringsport but they have yet to drill any wells. I believe a recent post by localoil stated that your NRI's ( net revenue interest ) were fairly low due to overrides granted to ???. This would make it difficult to bring a exploration partner in if the NRI's are below 75%. The closest Cotton Valley production is the Longwood Field, south of Mooringsport where they have had some good wells. It just takes a drillbit to find it, that and a checkbook. Good Luck.
**********
Caddo Thank you for all your post, You have a lot of good info and your contribution is priceless.
Thanks
LGL
Anybody that wants to know who Joe Lanza is, look for Joe A Socks Lanza. ( Crime Family )
Joseph A. "Socks" Lanza (1904-October 11, 1968) was a New York labor racketeer and a member of the Genovese crime family.
Born in Palermo, Sicily, Lanza immigrated to the United States and settled in New York working as a handler in Lower Manhattan's Fulton Fish Market. Lanza soon became involved in labor union activity and, by 1923, had become an organizer for the United Seafood Workers union (USW). It was during this time that Lanza had become involved in organized crime, eventually becoming a member of the Luciano (and later the Genovese) crime family. As head of the Local 359 USW, Lanza threatened wholesalers with delays in loading and unloading perishable goods resulting in profits of $20 million from the Fulton Fish Market alone.
Although convicted of labor racketeering in 1938, Lanza became an important figure in safeguarding New York's waterfront during the early 1940s. Lanza personally advised the Office of Naval Intelligence working with local stevedores and fisherman in tracking submarines, resulting in obtaining key strategic positions in waterfront installations and effectively conduct counter espionage activities for the Third Naval District.
Although Lanza had helped secure the New York waterfront, he was convicted of extortion the following year and sentenced from 7 1/2 to 10 years imprisonment. Upon his release in 1950, Lanza resumed his leadership role in the Fulton Fish Market and, despite a 1957 arrest for parole violation; he maintained control of the area until his death on October 11, 1968.
I am NOT looking for a job, I have been self employed most of my life Iam a shareholder like you, ONE man can not turn this company around it takes a group of shareholders,
We need all that are concern to get on your computers and dig deep, lets us expose LANZA for what he is and get our company back . Call your friends in Law enforcement, in local and state and federal government, check on taxes if paid and franchise fees, corporate doc's up to date and all relationships, ownerships, affiliates, suppliers, assets like real estate, leases, equipment and any thing else you can think of. Keep up your good work.
Thanks
LGL