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Stock at $ 0.0001
(Sigh)
Looks like all the discussions went over to Yahoo! a long time ago. Maybe too much. Hard to sift through it anymore.
I have mixed feelings about the upcoming demise of Pet Ecology at 14822 Venture Trail in Dallas.
It will be nice to see Ralph Steckel kicked out on the street with a bunch of worthless stock. But he'll resurface and do what he does best - mooch office space off of other people.
But I pity those of us like Gary who held on to the stock for too long.
For some reason I haven't been able to check the PECB board(or any other board) on ihub for the past few weeks. Is it still working? I don't have anything new to report. I did check and notice the lease expires at 14822 Venture on July 31, 2008. Anyone else have news?
Good to see you showing a little optimism again, Gary. I certainly can't blame you for your recent attitude shared by many of us. I haven't had a chance to hear the two online interviews mentioned today in press releases. What'd he say? What'd he say?
Pet Ecology Achieves Strong Revenue Growth
1st Week in April Shipments Exceed 5,600 Resulting in $112,000 in Revenue and Gross Margins of $56,000
Pet Ecology Brands, Inc. (PINKSHEETS: PECD) announced today it has shipped over 5,600 orders resulting in excess of $112,000 in revenue and gross margins of $56,000. The total current monthly recurring orders total 8,142 resulting in $162,840 in revenue and $81,000 in gross margins.
The $112,000 in revenue represents a 2,115% increase over the corresponding period last year and an increase of 392.83% in YTD revenue over the corresponding period last year. Based on the current recurring monthly orders the company has an annual run rate that exceeds $1,954,080.
The monthly recurring orders are a result of the national television advertising campaign introducing Pet Ecology Brand's "Perfect Litter Alert" to the home delivery market. The advertisement has run successfully on 14 different television network channels nationally including: The Animal Planet, Discovery Channel, The Food Network, Lifetime TV, Fine Living, Hallmark, E! TV, HGTV, and Bravo.
After a long series of market tests intended to determine the effectiveness of content of the advertising being used on TV and Internet marketing, the company has come up with an advertising plan which will ensure continuous growth of the home delivery business and Pet Ecology's brand awareness.
The national advertising was conducted by the Company's former Internet and home delivery licensee, Pet Ecology Direct, LLC. The Internet and home delivery division is now wholly owned by Pet Ecology Brands, Inc. The company recently struck a deal to merge the direct business back into the core company.
"We expect orders to continue to increase as we fine tune the message and delivery through analyzing our analytical web data from the media buys. These results are a key part of our core effort to build shareholder value that they have long awaited and deserve," stated CFO Bob Salluzzo.
PET ECOLOGY TO FILE PATENT INFRINGEMENT LAWSUIT
DALLAS, TX -- 04/03/08 -- Pet Ecology Brands, Inc. (PINKSHEETS: PECD) announced today it has retained the BALL LAW FIRM, LLP, Los Angeles, CA, and that it intends to protect its patent from being infringed on by competitors that are selling its patented products to retailers including Target Corp. and Wal-Mart Stores.
Pet Ecology's patented sickness-indicating, color-change reactor is a controlled, six-patented factor which detects the pH level of a cat's urine and indicates whether urinary tract infection is present. The less acidic a cat's urine, the more susceptible he/she is to forming stones or crystals in the urinary tract. The color of the litter changes to varying shades of pale pink to magenta when the pH in a cat's urine is abnormal. The darker the shade of pink, the more serious the problem may be.
The patents protect innovations that enable the detection the pH level of a cat's urine among other specific technology advances. In the lawsuit, Pet Ecology Brands, Inc. will seek an injunction that would prevent these companies from further misappropriating Pet Ecology, Inc.'s technology and infringing Pet Ecology, Inc.'s patents. The lawsuit also seeks unspecified monetary damages arising from the companies' unauthorized use of the patented technology and the continued willful infringement of Pet Ecology's, Inc.'s patents.
"Based on research by our firm and associates this seems to be an open and shut case," Byron T. Ball, attorney at BALL LAW FIRM, LLP, stated. "Pet Ecology Brands has patents and the other two companies do not.
"Unlike traditional clay-based cat litter brands, Perfect Litter is made with all natural and biodegradable minerals, making it environmentally friendly to landfills. A recipient of the 2008 SPCA's Best of the Best Award for Excellence in Cat Litter, the litter is significantly lighter than other brands, and can be shipped economically. These benefits are in addition to the sickness-indicating features and we intend to defend our superior patented protected litter," stated Ralph Steckel, CEO, Pet Ecology Brands, Inc.
"We have identified two companies that have willfully infringed on our patents. We intend to stop the infringement and defend the patented technology behind our flagship product 'Perfect Litter Alert.' These patents and the products they represent will be utilized to provide the shareholders with the value they deserve and have long awaited," stated CFO Bob Salluzzo.
HIGH VOLUME TRADING TODAY
Already the most of any day in 2008.
PET ECOLOGY "Up 84.31% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PECD.php
Pet Ecology Brands, Inc. engages in the development, manufacture, and marketing of products for pets. Its products include Scoop- Lite Litter for cats; Scientific Cat Litter that indicates when a cat has a urinary tract infection; and K-9 Fat Free Healthy Dog Treats for dogs. The company was founded in 1996 and is based in Dallas, Texas.
THIS ONES FOR YOU, GARY! rofl?
Here's the predicted press release!:
Award-winning, Patented Product Non-invasively Diagnoses Dangerous Cat Ailments, According to An Analyst Report From IPOdesktop.com
Wednesday March 19, 9:00 am ET
LOS ANGELES, March 19, 2008 (PRIME NEWSWIRE) -- Pet Ecology Brands (Other OTC:PECD.PK - News) Analyst Report discusses how a patented, bio-degradable award-winning product diagnoses dangerous cat ailments, non-invasively, with a product that won the SPCA's 2008 Best of the Best Award for Excellence in Cat Litter.
REPORT LINK
IPOdesktop research report
http://www.gaskinsco.com/linkto-pecd.shtml
About Pet Ecology Brands, Inc
http://www.petecology.com/
Pet Ecology Brands, Inc. develops and manufactures technologically advanced pet products that address environmental concerns and meet the lifestyle of today's pet marketplace. The company's Perfect Litter is a revolutionary patented cat litter that destroys urine odor, clumps, and is earth-friendly, while its K-9 Fat Free Dog Treats(tm) are the first fat-free treats that meet the standards of the U.S. Department of Agriculture, and offer dog owners an effective means to provide their pets with a non-fat tasty treat. The Company's Perfect Litter Alert(tm) won the Best of the Best Award from the SPCA International (Society for the Prevention of Cruelty of Animals).
About IPOdesktop
http://IPOdesktop.com
IPOdesktop.com, the leading provider of independent IPO research for professional money managers and individual investors, also produces the IPO Hardball radio program.
In the 'Analysts Corner' at IPOdesktop.com, research reports are available for both recent IPOs and emerging companies.
http://gaskinsco.com/linkto-analysts-corner.htm
IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others. IPOdesktop editors also co-host financial programs at StreetIQ.com.
"This company was dead back in 2003, Ralph and Jane were just too stupid and Greedy to bury it. They issued Fake stock certificates when they thought I would be putting more money into it. The promoters were making 400 times more than the price of the stock issued directly from the company. Ralph, you are a theif and a conman, and that's who you surround yourself with...Remember Jack Gross, Ralph. I am going to wipe my ass with the certs I have and send them back to Ralph. Pet Ecology is one of the biggest scams ever, and Gerald Kieft and Wall Street whatever are no better than glorified pickpockets."
From millionaire_genius on the Yahoo! PECD Finance Message Board
MILD-MANNERED Ralph J. Steckel, with a gleam in his eye clinches his right fist and says, "We've got'em by the goobers."
Who he has by the goobers are the remaining Pet Ecology Brands stockholders...
Anyone else share this opinion?
I'm not hiding. But I and some others are very upset; comforted only by the strong showing on some other stocks on Wall Street today.
Did you see your message on the Yahoo! PECD board from rbgolfing1?:
"You just continue with your trash dribble, which only helps you shorties.
Did you respond to my memo today under level II. No because you do not want to accept any positives."
What positives?!
I wish I could figure out what the next move - if any, is going to be from Dallas. Will they even bother to drum up another press release?
Or will they simply make preparations for the end in the FUHRERBUNKER on 14822 Venture?
Would love to hear your prediction on what is next. (Or maybe I wouldn't!)
Haven't heard much out of PECD in Dallas. Did you mention earlier that you heard that they are going to be out of 14822 Venture by the end of March?
I have heard that Ron Williams apparently beat the rap from that sting arrest in Florida. Do you or anyone else know anything else about that?
Who is EASY LITTER DIRECT LLC?!
Found a new site advertising PERFECT LITTER:
www.fowler-cg.com/wp/
We checked Florida, Nevada and Texas and can't find any such corproation listed.
Anyone else know anything about this?
Thanks!
OOHAH,
THANKS FOR YOUR INPUT. GOOD TO SEE DIFFERING POINTS OF VIEW ON WHERE THIS STOCK IS HEADING.
I THOUGHT GARY'S LATEST POST ON THE PECD YAHOO! BOARD WAS VERY INTERESTING TOO:
"You guys are killing me! Now we're down to the shareholders expressing wild ass dreams??? This company and its stock is going NOWHERE! You won't get a response, because these guys are packing up and moving out of their digs by the months end. Lease up. If some idiot comes along and dribbles a few bucks their way to keep the phones working they should be able to keep up the charrade a little longer. Look for the next PR outlining a new toxic financing arrangement. This in spite of my warning RS in person of the dangers of doing this. It won't be the first or last. Just keep those salaries and perks coming in every month until you bleed the investors to death. Thats whats happening here, folks. Havn't any of you noticed that there has been Z E R O mention of Tricon/Atlantic? It was all a scam. The whole bunch are crooks. We have been duped. Management will release nothing to you. It was rigged from the beginning.
Now, regarding Trump and all that bull@#$%. What a joke. First off the product doesn't work worth @#$%. It does nothing for odors. I am now in Florida, where my daughter has two cats. She has been using this crap for three months. When a cat @#$%s in that box, you have to run for the air freshener. And it tracks all over the house. Plus it costs waaaay to much. She is going to cancel her subscription this week. The product DOESN'T work as stated. That is why the company is going into the @#$%er. They changed their formula from what it was two years ago when I tried it and bought into this dump. It used to be a brown/tanninsh color, now its white and worthless. Their old packager is gone, they owed them a ton at one time, not sure if the debt was cleared up, but these boys in Dallas changed the product, got some other blender, and what they have now is crap. Other than the light weight aspect and the urine detector, they have nothing. Cat people are smarter than they imagined, just like your silly reference to Lennon's song. Sorry, dude, but you're going nowhere with that dream.
Gary "
Hey, gang!
I've posted a survey on this board.
I would love to see your feedback.
RIPOFFREPORT.COM
FOUR PEOPLE WHO ORDERED THE FREE PERFECT LITTER SHARE THEIR EXPERIENCES:
Report: #307072
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Report: Pet Ecology
Category: Animal Services
Pet Ecology Stealing your money Dallas Texas
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Are you an owner, employee or ex-employee with either negative or positive information about the company or can you provide "insider information" on this company?
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Pet Ecology
Phone: 888-854-8837
Fax:
14822 Venture Drive
Dallas, Texas, 75234
U.S.A.
Submitted: 2/7/2008 2:56:19 PM
Modified: 2/7/2008 2:56:00 PM
Tjmuse
Pemberton, New Jersey
They called me about ordering cat litter after I had tried a bag. I really liked the product and wanted more so I order 2 more bags which came to about $20. That was a month ago and I still do not have the littler. I have tried calling them and have e-mailed them several times. They have never once responded to me but they are quick to keep asking me to buy more. I'm glad I put the order on a $25 Visa gift card and not my normal card as I'm sure they would try to rip me off some more.
Tjmuse
Pemberton, New Jersey
U.S.A.
Browse Latest ReportsUse Advanced Search |
Report: #297016
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Report: Pet Ecology
Category: Credit Card Fraud
Submitted: 1/4/2008 1:21:15 PM
Modified: 1/4/2008 1:21:00 PM
Big ogre
Sherman, Texas
In November, my wife ordered (on the Internet) what she thought was a free sample of Pet Ecology's cat litter product. They asked for a credit card to bill the shipping charges to. Well, the sample came and we were billed for the shipping. Then during the first week of December another shipment appeared at our door step. I called Pet Ecology and was assured that the shipments would stop. Out of my own stupidity, I went ahead and paid for the shipment with the feeling that this would be the end of the issue. Yesterday (1/3/2008), yet another shipment arrived.
After spending the better part of an hour on the phone with there automated system, I managed to speak with 'Tracy' who assured me that there was no record of my cancellation of their 'service'. Well, today (1/4/2008), yet another shipment has arrived. I called P.E. and waited in the customer service queue for 20 minutes only to be notified that the person at the extension was not available and I was requested to leave a message. I am now still on hold trying to talk to their sales department. I don't expect any better service.
In the mean time, I contacted my credit card company and lodged a dispute over the charge. I don't know what legal agency investigates this type of fraud but since I am retired, I have plenty of time to find them and initiate whatever proceedings are available and appropriate.
Whatever you do, don't buy anything from this company!
Big ogre
Sherman, Texas
U.S.A.
Browse Latest ReportsUse Advanced Search |
Report: #295602
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Report: Pet Ecology Brands
Category: Advertising / Deceptive
Pet Ecology Brands, After sending emails to stop sending their product, they continue sending it and withdrawing money from my account. Dallas, Texas
*Consumer Comment ..Card Company May Help
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Are you an owner, employee or ex-employee with either negative or positive information about the company or can you provide "insider information" on this company?
Victim of this person/company?
Are you also a victim of the same company or person? Want Justice? File a Ripoff Report and don´t let them get away with it!
Pet Ecology Brands
Phone:
Fax:
14822 Venture Drive
Dallas, Texas, 75234
U.S.A.
Submitted: 12/30/2007 3:39:24 AM
Modified: 12/30/2007 3:49:55 PM
Old gray mare
Theodore, Alabama
When I first ordered a 'sample' of this cat litter I sent Pet Ecolog my card number to take the shipping and handling from my account. After that I have tried on two occasions to stop the shipments, they automatically send out orders and also deduct money from my account. I went on line today to check my account and found that Pet Ecology had deducted for another shipment. I keep telling my UPS delivery person to send it back. I am 71 years old and living in a small area on a fixed income and cannot afford to be taken advantage of like this. In early Dec. the fact that Pet Ecology deducted from my account caused me to be overdrawn on my account and it ended up costing me a total of 114.00 for NSF that I wasn't expecting.
The odor is awful from the litter. My cat refuses to use it. I hope someone can help me with this. I would be ever so thankful.
Carlene
Theodore, Alabama
U.S.A.
Submitted: 12/30/2007 1:52:31 PM
Modified: 12/30/2007 3:49:55 PM Nancy
Urbandale, Iowa
U.S.A.
Card Company May Help
Try writing or calling your card company and tell them to stop allowing the payments and why. They should assist you with this.
Nancy
Browse Latest ReportsUse Advanced Search |
Report: #294456
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Report: Pet Ecology
Category: Pet Shops & Supplies
Pet Ecology/Perfect Litter Charged my CC after I cancelled order - CANNOT Contact for refund! Dallas Texas
Rebuttal Box
Respond to this report!
Are you an owner, employee or ex-employee with either negative or positive information about the company or can you provide "insider information" on this company?
Victim of this person/company?
Are you also a victim of the same company or person? Want Justice? File a Ripoff Report and don´t let them get away with it!
Pet Ecology
Phone: 972-759-8080
Fax: 972-759-8083
14822 Venture Drive
Dallas, Texas, 75234
U.S.A.
Submitted: 12/26/2007 10:10:10 AM
Modified: 12/26/2007 10:10:00 AM
Jenn
Newark, New Jersey
Someone convinced me to try this 'Free Trial' of 'Perfect Litter' (mistake number 1), so I received the 'Perfect Litter' and did not like it at all right away. I waited a week to see how the cats responded to it, then I cancelled the order (mistake number two.)
When I ordered this free trial, I agreed to terms & conditions: I had 2 weeks to try the product and if I wasn't satisifed I could cancel and would not be charged anything further or be sent any more litter.
I tried to call everyday after a week of receiving the litter. I could never reach anyone on the phone so finally I sent an email, cancelling my order (within the 2 week period as specified by the terms & conditions). I received an automated return email acknowledging my email.
A week later I noticed a Hold on my credit card for $37.90, not only did they charge me for more litter THAT I CANCELLED, but they charged me TWICE! The hold on my card lasted a week, when finally, the pending charge became a real charge for $19.85 (the monthly charge.)
I called customer service right away, I sat on hold for 31 minutes at a time, each time being sent to a voicemail after the 31 minutes. I called the 800 number to order a free trial, I finally got someone on the phone and explained the situation. I was transferred to customer service and was told I should receive a full refund within 7 days of refusing the delivery.
I have refused the delivery 2 weeks ago and still cannot get anyone on the phone to give me a status of my refund. Every time I call, no matter which option I choose, I sit on hold for 31 minutes and then get transferred to voicemail.
I am very frustrated and broke, it's Christmastime, I could really use an extra $20 this week. I hope they will respond to my Rip Off Report.
Jenn
Newark, New Jersey
U.S.A.
(1>CHARGES TO YOUR CREDIT CARD
If the charge was to your credit card (not debit card, check card, or checking account), contact the credit card company as soon as possible to request a dispute form. Consumers usually have a little longer to dispute fraudulent credit card charges (up to 6 months), but it is better to act right away. In this type of situation, credit card disputes are usually successful since fraudulent companies often won't contest the disputed charge. In rare cases, credit card companies will review disputes, but refuse to reverse the charges. If this occurs, complain to a manager and let them know you will be filing a report here.
Remember… Don't let them get away with it! Make sure they make the Rip-off Report .. The more Reports filed on a Company or individual, the more likely it is that the authorities, media and attorneys will want to take action.
And good luck… Let us know how you do!
Gary, could I please get your regular email address
Question for PLAINJANE
Is this blog true?:
They really slammed Jane Lorenzen and whacked her good on shares due her and I believe that she filed a lawsuit against them. According to the filing there are others that have done the same thing
THE STRAIGHT POOP
Dallas inventor is clawing his way to the top
with a light, absorbent, flushable kitty litter
By Steve Smith - Staff Writer
The Dallas Times Herald June 22, 1984
MILD-MANNERED Ralph J. Steckel, with a gleam in his eye clinches his right fist and says, "We've got'em by the goodbers."
Who he has by the goobers are the various manufacturers of kitty litter, and why their goobers are in trouble is because Steckel runs a company that makes a new product called Kitty Lite, which he says is the first breakthrough in kitty litter in 30 years.
Lest you snicker at Steckel, be reminded that his market research shows that kitty litter is a $300 million a year business and that 70 percent of those people who use kitty litter for their their cats, that is are not satisfied with what their present litter does, or doesn't do.
Steckel's patented Kitty Lite looks pretty much like the old clay-based litter, but the pellets vary more in size and crumble more easily. It weighs much less than a 10-pound bag of regular kitty litter that is the same size as a 2-pound bag of Kitty Lite. Steckel says KItty Lite absorbs three times its weight, and a special enzyme combined with the mysteriouis main ingredient absorbs odors much more effectively. Both ingredients are biodegradable.
But Steckel, a transplanted Yankee living in Dallas, is most proud of the fact that Kitty Lite can be flushed down the toliet. Old kitty litter evidently can't, not without stopping up your pipes. You have to haul it out with the garbage, or bury it somewhere, I'm told.
These are pretty heady claims, and responsible journalism demands that they not be printed without verification. Steckel presented us with a test bag, which I presented to a pair of experts: My wife and our cat. The cat uses kitty litter, whidch my wife changes. I do not change kitty litter. I work on the car or mow the grass or light the barbecue grill. I do not change kitty litter.
I did consent to watch.
My wife poured Kitty Lite into the cat's box: she observed that it appeared dustier than regular kitty litter, which Steckel says it shouldn't. I wouldn't know the difference, but I wrote it down in ny notes anyway.
We fed the cat a bowlful of Little Friskies and waited.
Periodically we would tiptoe into the kitchen and peek into the cat box. Nothing yet. In the meantime I reflected on what a glamorous occupation journalism can be.
Eventually the cat came through. We knew when we heard her flinging Kitty Lite against the sides of her box in a good-faith attempt to cover up what she had just done.
We lifted the lid, and the cat looked embarrassed and slightly disgusted. So did we.
We did flush some Kitty Lite down the toliet, and down it went, and it didn't stop up the pipes.
So, as near as we were willing to investigate, Kitty Lite seems to work. And it seems to be selling. "We're growing so fast," Steckel says: a short story in Adweek magazine to handle Kitty Lite drew responses from dozens of eager agencies, Steckel says. THe product is a natural: How about, "We have a strange feline that Kitty Lite is the cat's meow." That's purrfect. He can send me a check for it later.
Steckel is working on a possible promotion with Operation Kindness, a non-profit group that helps find homes foe homeless animals. He hopes to offer a free supply of Kitty Lite to anyone who adopts a cat from them. Steckel spent 10 years working in Proctor and Gamble's marketing department, so he knows something about product promotion.
The factory, located in Vivian, La., can crank out about 50,000 bags a day, and Steckel hopes to be in full production soon. Vivan, he says, has the potential of becoming "the kitty litter capital of the world," which no doubt has the Vivian city fathers popping their buttons.
Though Texas is his main market, Steckel is selling Kitty Lite in California, New York and Florida, and is negoiating with a fellow who wants the West German franchise. Most of the larger grocery chains in Dallas carry Kitty Lite.
Steckel says his product is not the cheapest kitty litter on the market, nor is it the most expensive. It retails for between $2.79 and $2.99 a bag.
Finally, this has to be said: Steckel doesn't even have a cat.
Yeah, but look at the bright side, Gary. Some people are benefitting from this circus.
Ralph Steckel is getting $10,000.00 a month plus $500.00 in auto expenses and who knows what other benefits.
According to that SB-2 some of the other PECD people are getting paid well too.
But I'm sure they don't care a lick about the remaining suffering stockholders.
Hey, gang!
Don't forget to enter the Perfect Litter Sweepstakes!
All they want is your phone number, email,physical address and some personal information so they can put your name on a list and sell it to others.
WINNER LIST: To receive a winner list, mail a self-addressed, stamped envelope to be received by March 14th, 2008 to: Perfect Litter Sweepstakes, 1080 NW 163rd Dr., Miami, FL 33169
There are numerous companies listed at the address in Miami.
Gary,
Haven't found anything on the head cheese at Tricon - yet.
It has been two days in a row without any activity. Wonder if that will continue into next week.
Gary,
Which majority shareholders do you want contact information on? I don't know any of them but I might be able to find contact information on them somewhere.
Keep up the good fight!
Blog from Pet Ecology's Andrew Lermsider:
Our company Pet Ecology recently launched an amazing new patented cat litter called Perfect Litter “Alert” that can extend the life of your cat while protecting your family and the environment. We are seeking the input from Veterinarians to put a special vet program in place to distribute this product. We have found Perfect Litter leads to a better relationship with cat owners and their vets by letting owners know when their cat might be sick so their vet can save their cats life in time from a dangerous urinary infection. Perfect Litter began selling directly to consumers on the TV and Internet about 4 months ago and has sold to over 25,000 cat owners with a great response. Perfect Litter is a win for the vets and cat owners. We would like to see if Veterinarians would be interested in a program where you can recommend your customers to use the product and make a residual income off the sales of the product each month? We have developed a system that would allow vets to enroll customers online in our home delivery of the product and receive logins to view stats and commissions on sales. We just need to better understand how to make the final touches to the commission scale and vet promotions but need the input of the Veterinarians to complete this. Please contact me at andrew@petecology.com or through this blog if you would be interested to learn more. I have listed some additional details about the product and the websites so you can see more. Thanks for your time and have a great day. Andrew Lermsider Perfect Litter “Alert” features a built in sickness indicator that can warn cat owners when their cat might be sick with FLUTD by turning pink in color. Perfect Litter is made of earth friendly minerals so it does not contribute to the over 8 billion pounds of clay based cat litter that damages our landfills each year. Perfect Litter does not contain many of the harmful chemicals found in normal clay litter like silicon and sodium bentonite which we are now being looked at as possible health risks for pets and humans. In addition, this product is ultra light weight which allows us to ship it to cat owner’s homes for a convenient delivery service. It even clumps, is flushable, destroys odors and lasts longer. www.perfectlitter.com and www.petecology.com
"On December 10, 2007 we received a subpoena from the Securities and Exchange Commission to provide information and potential testimony regarding an entity named Axium Technologies, Inc. a company that is unknown to Pet Ecology Brands Inc. or its management. The SEC has requested any documentation and correspondence the Company has with the entity noted as well as an additional sixty four organizations and individuals that were listed in the subpoena, seven of which are known to Pet Ecology Brands Inc. and include the following:
· Our former investor relations firm and its president.
· A former board member of Pet Ecology Brands Inc.
· An investor in Pet Ecology Brands Inc. and corporate entities associated with that investor.
Counsel has been in contact with the SEC attorney responsible for this inquiry. Further we are complying with the SEC’s request and are in the process of assembling the information being requested."
NOTE: The first "connection" I see is that Axium Technologies(AXGI) is one of the featured companies of Gerald Kieft's Wall Street Resources website along with Pet Ecology and a handful of others. Several of the others were involved with Tbeck but I don't see any proof of that with Axium. I do notice that DOUBLOON has contributed to the AXGI board.
Any thoughts?
Anyone know anything about this SEC Investigation?:
On December 10, 2007 we[Pet Ecology Brands] received a subpoena from the Securities and Exchange Commission to provide information and potential testimony regarding an entity named Axium Technologies, Inc. a company that is unknown to Pet Ecology Brands Inc. or its management. The SEC has requested any documentation and correspondence the Company has with the entity noted as well as an additional sixty four organizations and individuals that were listed in the subpoena, seven of which are known to Pet Ecology Brands Inc. and include the following:
· Our former investor relations firm and its president.
· A former board member of Pet Ecology Brands Inc.
· An investor in Pet Ecology Brands Inc. and corporate entities associated with that investor.
Counsel has been in contact with the SEC attorney responsible for this inquiry. Further we are complying with the SEC’s request and are in the process of assembling the information being requested. [From Pet Ecology Brands' SB-2 released this week]
Going Concern
In their report in connection with our 2006 financial statements, our auditors included an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern. We have incurred a net loss of $6,510,770 , and a negative cash flow from operations of $2,053,486 for the year ended December 31, 2006, and at December 31, 2006 we had a working capital deficiency of $2,108,556 and a shareholders’ deficiency of $14,127,367.
The Company incurred a net loss of $1,439,656 (unaudited) and a negative cash flow from operations of $1,299,758 (unaudited) for the nine months ended September 30, 2007, and had a working capital deficiency of $1,281,466 (unaudited) and a shareholders’ deficiency of $15,567,023 (unaudited) at September 30, 2007.
The Company recently completed the transactions contemplated by the Tricon SPA and the Tricon License Agreement. Such transactions had numerous benefits to us including increasing our cash and improving our liquidity.
There can be no assurance that our current cash position will be sufficient to sustain operations. The financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Our continuation as a going concern is dependent on the Company’s ability to raise additional funds sufficient to meet its obligations on a timely basis, to comply with the terms of its financing agreements and ultimately to attain profitable operations.
(From Page 66 of SB-2)
More info on Engin Yesil
The plot to connect the Kerry/Edwards campaign with al Qaeda
The plot to connect the Kerry/Edwards campaign to al Qaeda centered around a wealthy businessman of Turkish origin by the name of Engin Yesil. Yesil owned a company called Radiant Telecom, which specialized in prepaid calling cards and state-of-the-art money transfer technologies. Both of these functions, though generally used for legitimate purposes, were also ideal for the operations of al Qaeda, since they enabled them to place anonymous phone calls and conduct anonymous money transfers. In fact, Mohammed Atta’s suicide cells had used Radiant calling cards on numerous occasions prior to the September 11th attacks against the U.S. Consequently, Yesil was under investigation by the CIA and other federal agencies, although he did not know that.
Pet Ecology Direct leader has interesting past!
Grinding Into Dust
By ANTHONY LEWIS
Published: March 17, 1997
If you have tears, prepare to shed them. Not so much for the subject of the story that follows as for the humane tradition in our law, which is being sapped by Congress and the Attorney General.
Engin Yesil is a native of Turkey who came to the United States as a student in 1979. He married an American and in 1988 was granted lawful permanent residence. He lives in New York and has run a contact lens business.
In 1990 Mr. Yesil pleaded guilty to aiding the distribution of cocaine and was sentenced to six years in prison. After being sentenced -- not as part of a plea bargain -- he infiltrated a drug organization and, Federal authorities said, helped bring about ''many arrests and multi-kilogram drug confiscations.'' The U.S. Attorney in charge of his case praised his ''significant cooperation,'' and a judge said he had acted ''at great risk to his life.''
The drug conviction made Mr. Yesil subject to deportation. He asked for a waiver under a provision of law allowing the Attorney General to show mercy when there are ameliorating circumstances.
The Immigration and Naturalization Service found that he was ineligible for a waiver because, under technical rules of counting, he had not been a permanent resident long enough. The decision conflicted with a long-established interpretation of the law by the U.S. Court of Appeals for the Second Circuit, covering New York, so Mr. Yesil's lawyers petitioned for review there.
But in the anti-terrorism law enacted last year, and again in its immigration law, Congress provided that orders of deportation against people like Mr. Yesil, whether legally right or wrong, ''shall not be subject to review by any court.'' The Second Circuit dismissed his petition.
Mr. Yesil's lawyers then sought habeas corpus in Federal District Court in New York. Habeas corpus is an ancient writ that tests the lawfulness of anyone's detention. The Constitution gives it special status, saying that the writ ''shall not be suspended unless when in cases of rebellion or invasion the public safety may require it.'' But the Justice Department argued that Congress had, lawfully, barred its use in these deportation cases.
Last month Federal District Judge Denny Chin held that Mr. Yesil could test the legality of the I.N.S. decision by habeas corpus. He found that under the established law of the Second Circuit Mr. Yesil was eligible to apply for waiver of deportation. In his opinion, Judge Chin remarked on the ''inexplicable fervor'' with which the Justice Department had tried to deny Mr. Yesil ''any opportunity for judicial review.''
Happy ending? No. For the Government is now trying to invoke against Mr. Yesil provisions of the new anti-terrorism and immigration laws that wipe out the whole idea of waiver -- of mercy -- for those under orders of deportation.
That raises another question: Do the new laws apply retroactively, to people who were in the process of qualifying for waivers of deportation when Congress passed the new law? The Board of Immigration Appeals decided last year that they do not.
But Attorney General Janet Reno, in a rare action, overruled that decision. In an opinion issued last month, she ruled that the new bar to waiver of deportation must be applied to all previously pending cases.
The usual principle in American law is that people's rights are not wiped out retroactively unless Congress says to do so, which it did not say here. Attorney General Reno was unmoved by that principle, or for that matter by the human facts. One finds in her opinion no hint of understanding that what is at stake in taking a man from his family and home is, as Justice Brandeis said, ''all that makes life worth living.''
The new immigration provisions, extraordinary in their harshness, were pushed through Congress by people who do not like immigrants and want to punish them. But why is Janet Reno so relentless? My guess is that she wants to look tough these days -- but does not know the difference between being tough and being mean.
THIRD QUARTER REPORT FINANCIALS ARE OUT!!
Haven't read yet but just noticed they are on pinksheets.com
Should be interesting.
I agree with pbrain, Gary.
You have been such a pleasant 180 degree turn from censorist Doubloon!
Hope you can keep doing what your are doing!
I nominate DOUBLOON!
I found this at Yahoo!Answers(LONG):
Are there any stores that carry Perfect Litter+ Alert?
I got a free sample on the mail today of it and my cats really really like it, and I love that it will alert me if they get a UTI. The only problem is, I went to the website, and the only way you can get it from them is to have it autoshipped every month, 2 2lb bags once a month, which is a month supply for ONE cat, It would not last my two boys a whole month because they are especially fond of throwing their litter out of the box, which wastes quite a bit, so on top of the advertised "Month supply for 1 cat" thing, they are also big litter wasters, and I would like to know if petsmart or someplace has it, online or in-store.... I may take them up on the autoship deal, but I would like to have a sotre I can buy emergency bags incase they run out in the middle of the month....
1 month ago
Additional Details
1 month ago
by "really really like it" I mean it took Ollie all of 2 minutes after I got the new litter set up to use it, usually if I switch litter (such as if their brand is out of stock) it takes them a few hours to warm up to it, even if they have to go.... Their litter box is in a closet with a baby gat over the door to prevent "puppy feasts", if I don't catch a "potty break" before my puppy does, So my cat's don't jump over the gate if they don't have to use it, when I switch litters, they jump oiver, sniff it, twitch their tails and jump back over, only using it when they HAVE to, but they took to this litter instantly.
1 month ago
Oh yeah, and according to the litter, Ollie doesn't have a UTI or FLUTD, which I am happy about.
1 month ago
Dang it, that's what I was afraid of, thank you, after the 3 hours, I will give you the 10 and thanks for the quick answer... I guess I'll could just have to "stretch it" or order it twice and have it sent to my house and my moms and just take it from her and use it all, since her cat uses the outside as a litterbox, since she doesn't want to be hassled with litterboxes.
1 month ago
Oh yeah and for anyone interested, I HAVE tried higher walled litterboxes to get them to stop throwing it out, but they just throw harder.... They just like to throw it, I guess, and they both flat out refuse to use a hooded litterbox, SO I have to just keep a little brush and dustbpan by the litter box all the time and everytime I scoop, I also have to sweep the floor too....
1 month ago
is it made of the same stuff? (perlite and vermiculite?)
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Hi there...at this time Perfect Litter is only available by mail order from what we discovered when ringing customer service.
[edit] I thought about how it may be helpful to use a covered litter box so that your boys don't toss out as much litter common to open boxes. Additionally, if you put a mat in front of the opening of this type of litter box it will catch most of the litter stuck in their paws which you can then later empty back into the box.
[edit2] First Alert Urinary Tract Infection Detector Cat Litter contains different active ingredients than Perfect Litter.
1 month ago
Source(s):
Animal Trainer to domestic and exotic cats
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by Patty O
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PetsMart carries a similar litter called First Alert Urinary Tract Infection Detector Cat Litter.
The only place I could find the Perfect Litter+ was through their website.
1 month ago
Source(s):
http://www.petsmart.com/product/index.js...
Why is my 8 month old kitten pooping outside the litter box?
Baking soda under kitty litter?
Never Scoop Litter Again
With Scoopfree No Touch Litter Box. Leave it alone for up to...
www.scoopfree.com
clumping cat litter
Try Cat Attract - will brings your cat back to the litter box.
www.planeturine.com
Fat Cat Creations - The Litter Box Chest
Litter box containment furniture to suit all decors. Pine,...
www.bigfatkittycat.com
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Good find, joa!
Hey, here is some more interesting information.
Former Pet Ecology Director Of Marketing Deborah Evans' husband, David Evans, is listed as the general consul to Tbeck Capital.
By the way, anyone know what has happened with the lawsuit Tbeck Capital recently filed against Pet Ecology in Tarrant County, Texas?
SEC, FBI Bust 7 in Stock Kickback Scheme By Frank Schloegel
December 14, 2007
The SEC announced that, after a sting operation with the FBI, it has filed charges against 7 men for paying bribes to induce the purchase of penny stocks they promoted.
The sting operation was set up in Florida. It sent word through the penny stock community that a hedge fund manager was willing to buy shares of stock for a 25% to 35% kickback fee.
The FBI’s bait lured defendants, from Florida, New York, California and Nevada, who sought out the agent and expressed an interest in the deals. The supposed hedge fund managers said the kickbacks would be paid as consulting fees.
To make sure there was doubt as to the illegality of these transactions, the defendants were told by the agents pretending to be hedge fund managers that the consulting entity did not exist, and that no consulting work would be performed.
According to the SEC, "This case illustrates the Commission's ability to work together with criminal authorities in creative ways to uncover fraudulent schemes and to protect our markets."
According to the SEC the individual defendants are Vincent Cammarata, Rex Morden, William Haynes, Efrim Gjonbalaj, Mark Foglia, Virgil Williams, and Sean Sheehan. The SEC also charged 3 corporations: Affinity Financial Group, Western Financial Services, , and Real Asset Management LLC.
The schemes used in the sting operations essentially worked the same way. The defendants acted as stock promoters, seeking out the agent and telling him how many shares they or the stockowner wanted the agent to buy. The deals were for as little as $12,000 and as much as $700,000.
The agent would insist on being paid as a “consultant,” and the defendant would draw up a bogus contract with the consulting company. The agent would then buy the stocks from specific brokers that would offer the exact amount of shares that the agent had arranged to buy.
At this point, many of the stockowners became suspicious and would disassociate themselves from the deals. In the case against Williams, the agent directly contacted the stockowner to arrange for the illegal payment. The stockowner, whose name was not released, withdrew from the deal, explaining that, “he was told by a securities attorney that he could be involved in a sting operation,” according to the complaint.
The defendant Gjonbalaj, who was paid a kickback of $532 for his role in setting up the bogus transaction for Haynes, actually returned the check he received from the agent with a letter that claimed, according to the complaint, he had received it by mistake.
This is not a first run-in with the law for many of these defendants.
Haynes had actually been barred from associating with any broker-dealer for his role in a $7 million fraudulent offering in 2001.Williams’ company had been suspended from trading because of questions about the adequacy or accuracy of his press releases. Sheehan was charged by NASD with effecting transactions with customer accounts without their approval. And Cammarata is actually on supervised release from a federal penitentiary after serving 3 years on drug charges.
All the complaints claim that the defendants have committed fraud and violated SEC regulations. The SEC is seeking to ban all the defendants from working with penny stocks. It is also seeking civil penalties as well as permanent injunctions from violating securities laws.
The SEC also is seeking an order for Cammarata and Haynes to disgorge their ill-gotten gains and pay interest.
DON'T KNOW WHY RON WILLIAMS WASN'T MENTIONED HERE AS IN OTHER ARTICLES.
THE SAD THING IS RALPH STECKEL KNEW ABOUT RON WILLIAMS' WHITE COLLAR CRIMINAL BACKGROUND BEFORE WILLIAMS AND TBECK CAPITAL GOT ON BOARD WITH PET ECOLOGY. STECKEL ALSO ALLOWED MN1'S JOSHUA LANKFORD TO SEND THOUSANDS OF ILLEGAL JUNK FAXES TO TEMPORARILY JACK THE STOCK PRICE WAY UP.
I ALSO WONDER ABOUT WALL STREET RESOURCES AND THEIR ROLE IN ALL OF THIS. WALL STREET RESOURCES PROMOTED SEVERAL STOCKS WHICH RON WILLIAMS AND TBECK CAPITAL WERE INVOLVED WITH.
WILLIAMS SHARES OR SHARED AN OFFICE IN GRAPEVINE WITH CPA LYLE J. MORTENSEN AND THEY HAVE WORKED TOGETHER ON NUMEROUS PROJECTS. DON'T KNOW IF MORTENSEN IS OBLIVIOUS TO THINGS OR NOT.
The $1M Fax: Do Stock Promotions For Pet Ecology, Wall
Street Securities, Mellon Research Fit SEC 'Risk Based' Profile? /
FinancialWire®
Are stock promotions for Art4Love (OTC:
ALVI) Pet Ecology Brands (OTC: PECB), Wall Street Securities (OTC:
WLSC) or Mellon Research (OTC: MLON) similar to those that have
resulted in recent U.S. Securities Exchange Commission trading halts?
The SEC has recently initiated a new and aggressive campaign to foil
what it calls suspected pump and dump promoters by suspending trading
in the equities of companies that either participate in or have been
targeted by suspicious promotions.
Some observers believe such a "cooling off period" could "cool
the ardor" for suspect promotions if investors have an opportunity to
further evaluate junk faxes and spam emails they have received, and
could prevent some more naïve investors from putting their money into
stocks that are the subject of large-scale promotion campaigns based on
questionable substance or fundamentals.
According to an article by Deborah Solomon of the Dow Jones (NYSE: DJ)
Wall Street Journal, published February 2, 2005, "the SEC's move is
part of the agency's broader attempt to get ahead of possible fraud
before it becomes widespread." The article is at:
http://online.wsj.com/search#SB110729717180142868
The SEC has apparently developed a "profile" to determine
candidates for potential trading halts. Solomon said the agency has
implemented a "risk based" approach to help identify potential
problems, and last year took the unusual step of halting trading in the
securities of 26 "shell" companies that failed to file timely financial
disclosures with the agency.
The SEC recently temporarily suspended trading in Commanche Properties
(OTC: CMCH) and Courtside Products (OTC: CSDP), both of which
disclaimed any company or executive association with the spam email
and/or faxes that triggered the SEC suspensions.
In the case of Courtside, the SEC said it is investigating whether
Courtside was misled by stock promoters who advised the firm to go
public by relying on an SEC rule that allows companies to issue shares
and raise money without registering with the commission, if certain
conditions are met. The conditions include issuing a portion of the
shares to "accredited" investors.
"Federal securities laws define an accredited investor as certain
entities or individuals, such as banks, insurance companies, registered
investment companies or trusts," said the Wall Street Journal.
"The SEC is looking into whether the stock promoters, who agency
officials declined to identify, may have falsely portrayed themselves
as accredited investors in order to gain shares of Courtside. The
promoters may have then sought to sell their shares to investors and
later drive up the price through spam e-mail and faxes. Investigators
want to determine whether the ultimate goal was to artificially
stimulate demand for the stock and then dump shares once the price
increased.
"The agency is expected to suspend trading in several other companies
within the coming weeks and months, according to people familiar with
the matter.
"At issue is the potential for so-called pump-and-dump schemes,
whereby speculative investors, company insiders or others try to
inflate demand for a stock by trumpeting positive-sounding information
about a company -- typically via e-mail -- and then cash in their
shares at the higher price. Often the information is false and the
stock quickly declines again," explained the Journal.
The SEC said that each week, the SEC's internet enforcement division,
headed by John Reed Stark, gets thousands of complaints from investors
"about spam email plugging stocks and other investments."
"We want to head off possible damage to shareholders before it occurs,"
John Reed Stark, chief of the SEC's office of Internet enforcement, was
quoted as saying.
Investigators want to determine whether the ultimate goal in many of
these instances is to "artificially stimulate demand for the stock
and then dump shares once the price increased."
The SEC hastened to add that it is not asserting that many of the
companies themselves are involved in the schemes. Often they are just
bystanders, but sometimes it results from stock issued to offshore and
even "promotional" sites and email and fax originators to create
"visibility," and the promoters often violate their promises to the
companies to sit on the shares.
"Under certain circumstances, an improper stock distribution in
violation of SEC regulations can be a prelude to a manipulation," Peter
Bresnan, an associate director in the SEC's enforcement division, was
quoted as saying.
Investrend Information's (http://www.investrendinformation.com)
Investors Resource Center has teamed with JunkFax
(http://www.junkfax.org), which allows those receiving unwanted stock
promotions to provide the evidence directly to FinancialWire.
Most but not all have missing or incomplete disclosures under U.S.
Securities and Exchange Commission Regulation 17(b):
"It shall be unlawful for any person, by the use of any means or
instruments of transportation or communication in interstate commerce
or by the use of the mails, to publish, give publicity to, or circulate
any notice, circular, advertisement, newspaper, article, letter,
investment service, or communication which, though not purporting to
offer a security for sale, describes such security for a consideration
received or to be received, directly or indirectly, from an issuer,
underwriter, or dealer, without fully disclosing the receipt, whether
past or prospective, of such consideration and the amount thereof."
"The SEC has told FinancialWire) that Regulation 17(b) means full and
complete compensation for research and any other services provided,
including amounts and sources, must be disclosed in 'every press
release' as well as other published documents, including emails or
faxes. The SEC states that third party compensations must include the
relationship of the payer to the issuer.
"In an email to FinancialWire, John J. Nester, a spokesperson for the
U.S. Securities and Exchange Commission, confirmed that regulators
interpret 17(b) to mean that specific compensation information must be
contained in all such communications to the public, and that a link to
a disclosure somewhere else, for example, is a violation of the
regulation. He further stated that the compensation disclosure
required by the SEC includes "amounts and sources" in any and all
communications mentioning the company.
Hot Stock Alert!!!, a fax broadcast by The Corporate & Investor
Relations Group, touted Wall Street Securities and Mellon Research for
an undisclosed number of shares of MLON from an undisclosed and unnamed
"third party investor of MLON."
Stocks to Watch set a 5-day target of $2 on Pet Ecology. Four days
later it was dropping 47.50% to $0.42. Stocks to Watch said it was
compensated ONE MILLION shares of PECB from an unnamed "third
party," worth in the neighborhood of $1 million for a fax
distribution before 3,169,569 shares traded Thursday, dropping the
bottom out of the stock. Stocks to Watch did warn that it could sell
its shares at any time.
Wall Street News touted Art4Love, with a "potential target" of
$4.50, in return for $41,620 paid by an undisclosed "third party."
The publication did disclose that the "third party" might buy or
sell "at any time."
For up-to-the-minute news, features and links click on
http://www.financialwire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a
press release service and receives no compensation for its news or
opinions. Other divisions of Investrend, however, provide
shareholder empowerment platforms such as forums, independent research
and webcasting. For more information or to receive the FirstAlert
daily summary of news, commentary, research reports, webcasts, events
and conference calls, click on http://www.investrend.com/contact.asp
The FinancialWire NewsFeed is now available in multiple formats to your
site or desktop, free. Click on:
http://www.investrend.com/XmlFeeds?level=268
--------------------------------------------------------------------------------
Hey dragan7, where is Ron Williams apologist DOUBLOON? Why isn't he deleting our messages?!
RON WILLIAMS OF TBECK CAPITAL ARRESTED!!
FBI-SEC Action Leads to Kickback Cases
After five separate sting operations involving penny stocks, SEC files civil actions against 7 individuals and 3 firms, while 6 people are hit with criminal charges.
Stephen Taub and Roy Harris
CFO.com | US
December 10, 2007
Federal regulators, targeting five separate schemes that involved penny stocks and alleged kickbacks to a fictitious hedge fund, have criminally indicted six individuals and filed civil charges against 10 individuals or companies they controlled.
The Securities and Exchange Commission said the schemes were uncovered in a Federal Bureau of Investigation sting operation that is part of a recent cooperation agreement between the FBI and the SEC. The criminal prosecutions were conducted by the U.S. attorney’s office for the Southern District of Florida.
advertisement According to the commission, the individuals charged are insiders or promoters of publicly traded companies, and live in Florida, New York, California, or Nevada. The individuals made stock sales to a person they believed to be the manager of a West Palm Beach, Calif., hedge fund, Fillmore Capital, paying the manager illegal kickbacks. In reality, however, Fillmore Capital was not a hedge fund, and the manager was an undercover FBI agent.
"This case illustrates the commission’s ability to work together with criminal authorities in creative ways to uncover fraudulent schemes and to protect our markets," said Linda Chatman Thomsen, director of the SEC's Division of Enforcement.
The SEC charged the following with securities fraud: Rex A. Morden of Henderson, Nev.; William L. Haynes of Palm City, Fla.; Efrim Gjonbalaj of Boynton Beach, Fla.; Mark Foglia of Hypoluxo, Fla.; Virgil G. Williams of Escondido, Calif.; and Vincent Cammarata of New York,and Sean P. Sheehan of Juno Beach, Calif., along with corporate entities Affinity Financial Group Inc. of Henderson, Nev., Real Asset Management LLC of Palm City, and Western Financial Services Inc. of Lantana, Fla.
The individuals charged criminally were Foglia, Williams, Morden, Gjonbalaj, and Haynes, according to a joint announcement by U.S. attorney R. Alexander Acosta and Jonathan I. Solomon, the FBI's special agent in charge for the Miami Field Division. The sixth individual criminally charged was Ron Williams of Miami.
CFO.com's efforts to reach the individuals and companies were unsuccessful.
According to the indictments, an FBI agent played the role of a corrupt manager of an unregulated hedge fund that had been dubbed Fillmore Capital. The six individuals agreed to pay an undisclosed kickback to the fund's supposed manager if the manager got Fillmore to purchase certain specified securities.
The individuals charged also agreed to hide the kickbacks to the manager "through a sham consulting contract," according to the U.S. attorney. The SEC said that all the defendants agreed to pay a kickback, and that with one exception the defendants actually did pay the promised kickback after the hedge fund bought the stock defendants were promoting.
If convicted of all counts, Ron Williams faces a maximum of 20 years in prison and a $250,000 fine on each count. Foglia, Virgil Williams, Morden, Gjonbalaj, and Haynes each face a maximum of 20 years in prison and a fine of $500,000 on each securities fraud count. In addition, Gjonbalaj and Haynes face a maximum of five years in prison and a $250,000 fine on the conspiracy count, and up to 20 years and a $250,000 fine on each wire/mail fraud count.
The SEC is seeking permanent injunctions in the case; an order that Cammarata and Haynes disgorge illegally received gains, with prejudgment interest; and an order imposing civil monetary penalties on all the defendants.
The commission also is seeking an officer and director bar against Virgil Williams and penny stock bars against all the individual defendants.
This is not Haynes’s first brush with federal regulators. The SEC pointed out that Haynes previously was enjoined from further violations of the antifraud and registration provisions of the federal securities laws after he participated in a $7 million offering fraud. In addition, Haynes was previously barred from associating with a broker-dealer based on the entry of the permanent injunction.
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