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CEO BRIAN COX PAST INDICTMENT FOR WIRE FRAUD LINK
https://www.newson6.com/story/5e3632a32f69d76f62051959/oklahoma-cell-phone-company-owner-arrested-on-fraud-charges
They're accused of funding their lavish lifestyles with your hard-earned money funneled through a government program.
The Department of Justice charged three men in an alleged scheme to defraud the government-subsidized cell phone program called Lifeline of millions of dollars.
One of the men indicted, "owns a cell phone company," operating in Oklahoma.
It's not unusual for the owner of a cell phone company that takes government subsidies to have many different companies in different states, and that's the case here.
11/4/2013 Related Story: FCC Proposes $33M In Fines Against Cell Phone Companies Providing Lifeline
Prosecutors say all three men charged in the federal case created a cell phone company and turned in false reports to the government which gave them $32 million in subsidies.
The men are accused of 15 counts of wire fraud, false claims and money laundering.
The feds say the men used the program, designed to provide cell phones to the poor, to make themselves millionaires, buying a Lamborghini, a Mercedes, a Cadillac Escalade, an Audi R-8, a corvette, a limo, a private jet and a boat, among other things, all of which the government now wants to repossess.
One of the men indicted is Kevin Brian Cox, the owner of True Wireless which we've reported on here in Oklahoma for allegedly breaking the Lifeline rules.
While its owner, Cox, is named in the federal indictment, his alleged crimes are connected to a different company.
True Wireless, his Oklahoma company, is not part of this case and prosecutors haven't answered my questions as to whether it could eventually be included.
SHORTS MAKING BIG $$$ HERE! DILUTION MACHINE!
SO GLAD I GOT TO SHORT AGAIN TODAY .20 EASIEST $$$ !
ENDLESS DILUTION CONTINUES! Outstanding Shares
133,290,335
03/01/2021
Yup 3/1 DILUTION NUMBERS Outstanding Shares 133,290,335
This is HUGE $15M in new dilution to fund COX's lifestyle of boats and cars and ripping off people!
Bullshit article. Pinksheets 45 to 60 days. Wow!
Securities Registration Statement (s-1/a)
Even more dilution coming...that A/S of 500,000,000 burning a hole in COX the fraudsters pocket...
https://ih.advfn.com/stock-market/USOTC/surgepays-qb-SURG/stock-news/84351344/securities-registration-statement-s-1-a
***32 MONTH DILUTION DETAILS FROM LOAN DEFAULT LAWSUIT***
2. Surge’s Payment to Plaintiffs.
2.1 As of the Effective Date, Surge agrees to issue and/or pay to AltCorp and/or its designee shares of its common stock in an amount equal to three million three hundred thousand dollars ($3,300,000) (the “Payment”) in resolution of the claims against Surge in this Action which are released hereunder arising from the Exchange Agreement and other agreements with Plaintiffs to which Surge is a party and are identified within the Complaint. Surge shall treat the Payment in accordance with generally accepted accounting principles (“GAAP”). The Payment shall be satisfied through the series of issuances of shares of Surge’s common stock to AltCorp and/or its designee as set forth within this Agreement. The shares shall be issued as unrestricted and free-trading upon delivery of a legal opinion to Surge. Any legal opinion required in order to remove any restrictive legends from the shares shall be provided by Surge at its own cost.
4.1 Within three (3) Trading Days of the first (1st) Trading Day of each calendar month after January 8, 2021, (the “Monthly Transfer Deadline”), for a period of thirty-two (32) months after January 8, 2021, Surge shall irrevocably instruct its transfer agent to transfer to AltCorp and/or its designee an amount of Surge’s common stock from the Increased Reserved Shares Quantity (the “Monthly Transferred Shares”) equal in value to one hundred thousand dollars ($100,000) (the “Value Amount”) per month for the thirty-two (32) months following January 8, 2021.
13.1.5 The Monthly Transferred Shares when issued and delivered in accordance with the terms of this Agreement, for the consideration expressed herein, upon receipt of a legal opinion indicating the same, will be free trading without encumbrances and duly and validly issued, fully paid and non-assessable.
LAWSUITS KEEP COMING...! DEFAULT PAYMENTS TOTAL SCAM!
Recently, SurgePays, Inc. (the “Company”) entered into a Mutual Release and Settlement Agreement (the “Settlement Agreement”) with AltCorp Trading, LLC (“AltCorp”) and Stanley Hills, LLC (“Stanley Hills,” and together with AltCorp, the “Plaintiffs”), pursuant to which the Plaintiffs agreed to resolve their claims against the Company related to the litigation styled as AltCorp Trading, LLC, et al. v. Surge Holdings, Inc., Case No. A-20- 823039-B, pending in Department 13 of the Eighth Judicial District Court for Clark County (the “Claims”). Although the Settlement Agreement was signed on January 1, 2021, it became fully effective upon the court entering an order dismissing the case on January 19, 2021.
The Settlement Agreement provides that the Company shall pay to AltCorp an amount of its common stock, par value $0.001 per share (the “Common Stock”) equal to $3,300,000 in resolution of the Claims (the “Payment”). Pursuant to the terms of the Settlement Agreement the Company has the option to pay a portion of the Payment in cash.
As previously disclosed in a Current Report on Form 8-K filed by the Company on June 29, 2020, the Company had agreed to exchange $2,750,000 of principal (and related interest, fees, and expenses) of a promissory note held by AltCorp for 5,500,000 shares of Common Stock. AltCorp agreed to a one-year lock-up on the 5,500,000 shares. At the expiration of the lock-up period, in the event the VWAP for the Common Stock was, during the preceding twenty day trading period, at less than $0.50 per share, AltCorp would have the right to receive additional shares of Common Stock equal to the True-Up Value (as defined in the exchange agreement filed as an exhibit to such June 29, 2020 8-K). The Company agreed, in June 2020, to reserve 22,000,000 shares of Common Stock with the Company’s transfer agent for purposes of AltCorp receiving the True-Up Value (the “Share Reserve”).
CEO BRIAN COX PAST INDICTMENT FOR WIRE FRAUD LINK
https://www.newson6.com/story/5e3632a32f69d76f62051959/oklahoma-cell-phone-company-owner-arrested-on-fraud-charges
They're accused of funding their lavish lifestyles with your hard-earned money funneled through a government program.
The Department of Justice charged three men in an alleged scheme to defraud the government-subsidized cell phone program called Lifeline of millions of dollars.
One of the men indicted, "owns a cell phone company," operating in Oklahoma.
It's not unusual for the owner of a cell phone company that takes government subsidies to have many different companies in different states, and that's the case here.
11/4/2013 Related Story: FCC Proposes $33M In Fines Against Cell Phone Companies Providing Lifeline
Prosecutors say all three men charged in the federal case created a cell phone company and turned in false reports to the government which gave them $32 million in subsidies.
The men are accused of 15 counts of wire fraud, false claims and money laundering.
The feds say the men used the program, designed to provide cell phones to the poor, to make themselves millionaires, buying a Lamborghini, a Mercedes, a Cadillac Escalade, an Audi R-8, a corvette, a limo, a private jet and a boat, among other things, all of which the government now wants to repossess.
One of the men indicted is Kevin Brian Cox, the owner of True Wireless which we've reported on here in Oklahoma for allegedly breaking the Lifeline rules.
While its owner, Cox, is named in the federal indictment, his alleged crimes are connected to a different company.
True Wireless, his Oklahoma company, is not part of this case and prosecutors haven't answered my questions as to whether it could eventually be included.
NEW DILUTION NUMBERS NEXT WEEK!
WHEN IT COMES TO A SCAMMER LIKE COX....THE ONLY REASON HE KEEPS LYING ABOUT NAZ IS TO JUSTIFY AN R/S AND THAT WILL NOT LEAD TO ANYTHING MORE THAN CONTINUED MASSIVE DILUTION....THERE ARE NO REVENUES...SURG IS JUST COX'S PERSONAL ATM...HISTORY CONFIRMS THAT!
WOWSA! COX THE BULLSHITTER FRAUDSTER SCAMMER!
KEEP DUMPING THOSE SHARES COX! LIES AND BULLSHIT!
COX update...with zero updates! Typical SCAMMER COX!
https://ir.surgepays.com/news-events/press-releases/detail/78/surgepays-inc-provides-strategic-update-in-letter-to
WOWSA O/S 3rd FEB INCREASE JUST REPORTED TODAY NOW 133m+
Outstanding Shares 133,190,335
02/22/2021
Restricted 89,175,916
02/22/2021
Unrestricted 44,014,419
02/22/202
Outstanding Shares
132,419,335
02/17/2021
Outstanding Shares
127,566,582
02/01/2021
Outstanding Shares
122,507,519
01/04/2021
Outstanding Shares
118,937,711
11/12/2020
Outstanding Shares
114,215,911
10/01/2020
Outstanding Shares
113,327,080
09/01/2020
Outstanding Shares
111,197,866
08/03/2020
Outstanding Shares
104,922,150
05/31/2020
Outstanding shares
101,015,459
01/01/2020
Outstanding Shares
97,414,983
08/14/2019
WITH AN A/S OF 500,000,000 YOU KNOW WHERE THIS IS GOING!
COX the LANDLORD, CEO, CONSULTANT' IR FIRM ETC GETS MULTIPLE PAYCHECKS EVERY MONTH!! It's 100% obvious that the accelerating dilution will continue with each BULLSHIT PUMP AND DUMP NEWS!
Outstanding Shares
132,419,335
02/17/2021
Outstanding Shares
127,566,582
02/01/2021
Outstanding Shares
122,507,519
01/04/2021
Outstanding Shares
118,937,711
11/12/2020
Outstanding Shares
114,215,911
10/01/2020
Outstanding Shares
113,327,080
09/01/2020
Outstanding Shares
111,197,866
08/03/2020
Outstanding Shares
104,922,150
05/31/2020
Outstanding shares
101,015,459
01/01/2020
Outstanding Shares
97,414,983
08/14/2019
Did you see that the OTCBB website report twice already this month showing the exploding rapid massive dilution....I wonder if thats a safety mechanism that the OTCBB uses to warn people of scams?
WOW O/S updated 2/17 now 132,419,335 another 5m in just 2 weeks!
https://www.otcmarkets.com/stock/SURG/security
Outstanding Shares
132,419,335
02/17/2021
Outstanding Shares
127,566,582
02/01/2021
Outstanding Shares
122,507,519
01/04/2021
Outstanding Shares
118,937,711
11/12/2020
Outstanding Shares
114,215,911
10/01/2020
Outstanding Shares
113,327,080
09/01/2020
Outstanding Shares
111,197,866
08/03/2020
Outstanding Shares
104,922,150
05/31/2020
Outstanding shares
101,015,459
01/01/2020
Outstanding Shares
97,414,983
08/14/2019
WOW O/S updated 2/17 now 132,419,335 another 5m in just 2 weeks!
https://www.otcmarkets.com/stock/SURG/security
Outstanding Shares
132,419,335
02/17/2021
Outstanding Shares
127,566,582
02/01/2021
OUTSTANDING SHARES JUMPS ANOTHER 5M IN 2 WEEKS 132,419,335
GREAT INFO THANKS!
ANOTHER RED DAY IN SURG-O-RAMA SCAMLAND LOLOLXZXXZZLOL!
CEO BRIAN COX PAST INDICTMENT FOR WIRE FRAUD LINK
https://www.newson6.com/story/5e3632a32f69d76f62051959/oklahoma-cell-phone-company-owner-arrested-on-fraud-charges
They're accused of funding their lavish lifestyles with your hard-earned money funneled through a government program.
The Department of Justice charged three men in an alleged scheme to defraud the government-subsidized cell phone program called Lifeline of millions of dollars.
One of the men indicted, "owns a cell phone company," operating in Oklahoma.
It's not unusual for the owner of a cell phone company that takes government subsidies to have many different companies in different states, and that's the case here.
11/4/2013 Related Story: FCC Proposes $33M In Fines Against Cell Phone Companies Providing Lifeline
Prosecutors say all three men charged in the federal case created a cell phone company and turned in false reports to the government which gave them $32 million in subsidies.
The men are accused of 15 counts of wire fraud, false claims and money laundering.
The feds say the men used the program, designed to provide cell phones to the poor, to make themselves millionaires, buying a Lamborghini, a Mercedes, a Cadillac Escalade, an Audi R-8, a corvette, a limo, a private jet and a boat, among other things, all of which the government now wants to repossess.
One of the men indicted is Kevin Brian Cox, the owner of True Wireless which we've reported on here in Oklahoma for allegedly breaking the Lifeline rules.
While its owner, Cox, is named in the federal indictment, his alleged crimes are connected to a different company.
True Wireless, his Oklahoma company, is not part of this case and prosecutors haven't answered my questions as to whether it could eventually be included.
Jone's statement...written and approved by COX of course..."thank you for having me"..."thank you for paying me to say that"..lolololxxzxlxozzzz
LMFAO! Last week he was painting Cox's house...this week he gets a new title... wow the bullshit from Cox never ends!
SurgePays Adds Jay Jones, Seasoned Telecom and Software Development Executive, to its Board of Directors
PINKSHEETS ON THE WAY!
COX IS SEARCHING THE BLACK MARKET FOR AN AUDITOR!
LIKE RATS JUMPING OFF A SINKING SHIP! LOLOLXZXZLOLZZ
On February 11, 2021, both Carter Matzinger and David Ansani tendered their resignations from their positions as members of the Board of Directors (the “Board”) of SurgePays, Inc (the “Company”), effective immediately. Neither Mr. Matzinger’s nor Mr. Ansani’s resignations were due to any disagreements with the Company on any of the Company’s operations, policies or practices. Mr. Matzinger continues to serve as the Chief Strategic Officer of the Company and Mr. Ansani continues to serve as the Chief Administrative Officer of the Company.
Following Mr. Matzinger and Mr. Ansani’s resignations, the Company is seeking to appoint two new independent directors to the Board.
SCURG is extremely UNDERBANKED! LOLOLXZXZXZLOLZ
OUTSTANDING SHARES JUMP ANOTHER 5M IN 2 WEEKS 132,419,335
100% CORRECT AGAIN ABOUT MASSIVE ACCELERATING DILUTION!
WOW O/S updated 2/17 now 132,419,335 another 5m in just 2 weeks!
https://www.otcmarkets.com/stock/SURG/security
Outstanding Shares
132,419,335
02/17/2021
Outstanding Shares
127,566,582
02/01/2021
WOW O/S updated 2/17 now 132,419,335 another 5m in just 2 weeks!
https://www.otcmarkets.com/stock/SURG/security
Outstanding Shares
132,419,335
02/17/2021
Outstanding Shares
127,566,582
02/01/2021
COX shopping around for Auditor...late filing!
Another Late Filing! 100% SCAM!
*****32 MONTH DILUTION DETAILS FROM LOST LAWSUIT*****
2. Surge’s Payment to Plaintiffs.
2.1 As of the Effective Date, Surge agrees to issue and/or pay to AltCorp and/or its designee shares of its common stock in an amount equal to three million three hundred thousand dollars ($3,300,000) (the “Payment”) in resolution of the claims against Surge in this Action which are released hereunder arising from the Exchange Agreement and other agreements with Plaintiffs to which Surge is a party and are identified within the Complaint. Surge shall treat the Payment in accordance with generally accepted accounting principles (“GAAP”). The Payment shall be satisfied through the series of issuances of shares of Surge’s common stock to AltCorp and/or its designee as set forth within this Agreement. The shares shall be issued as unrestricted and free-trading upon delivery of a legal opinion to Surge. Any legal opinion required in order to remove any restrictive legends from the shares shall be provided by Surge at its own cost.
4.1 Within three (3) Trading Days of the first (1st) Trading Day of each calendar month after January 8, 2021, (the “Monthly Transfer Deadline”), for a period of thirty-two (32) months after January 8, 2021, Surge shall irrevocably instruct its transfer agent to transfer to AltCorp and/or its designee an amount of Surge’s common stock from the Increased Reserved Shares Quantity (the “Monthly Transferred Shares”) equal in value to one hundred thousand dollars ($100,000) (the “Value Amount”) per month for the thirty-two (32) months following January 8, 2021.
13.1.5 The Monthly Transferred Shares when issued and delivered in accordance with the terms of this Agreement, for the consideration expressed herein, upon receipt of a legal opinion indicating the same, will be free trading without encumbrances and duly and validly issued, fully paid and non-assessable.
So as the house of cards continues to crumble.... in the last couple weeks we have had COX lose a lawsuit because he can't even pay his financiers...he filed an S1 because he cant pay his bills per the SEC filing....and the 2 board members left because he couldn't pay them either...wowsa!
LMAO..Cox sat them down and asked if they would accept "true-up" shares instead of a paycheck....they ran out the door! LOLOLXZXZZLOLXZZ
Following Mr. Matzinger and Mr. Ansani’s resignations, the Company is seeking to appoint two new {SUCKERS} independent directors to the Board.
THE RATS ARE JUMPING OFF THE SHIP! LOLOLXZXZLOLZZ
On February 11, 2021, both Carter Matzinger and David Ansani tendered their resignations from their positions as members of the Board of Directors (the “Board”) of SurgePays, Inc (the “Company”), effective immediately. Neither Mr. Matzinger’s nor Mr. Ansani’s resignations were due to any disagreements with the Company on any of the Company’s operations, policies or practices. Mr. Matzinger continues to serve as the Chief Strategic Officer of the Company and Mr. Ansani continues to serve as the Chief Administrative Officer of the Company.
Following Mr. Matzinger and Mr. Ansani’s resignations, the Company is seeking to appoint two new independent directors to the Board.
SCURG WELCOMES DAVID MAY TO THE CLOWN SHOW! LOLOXZXZLOL