I don't give people hell, I just tell them the truth and they think it's hell. H. Truman
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CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
It's still a scam. Just a different color.
This has never been a company.
NO REVENUES
NO ASSETS
NO CASH
MORE RED! 3 days and counting.
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; an
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
The guy oversold 30-40k shares. LMAO, and some think this was the cause of the shareprice calapse. Too funny.
NO ASSETS
NO REVENUES
NO CASH
MILLIONS OF SHARES ISSUED
NOTHING BUT A SCAM HERE
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
SCAM EXPOSED, now lawsuits. Everyone throwing everyone under the bus. Lawsuits and counter claims begin.
Been hearing this since it started trading. ROFLMAO.
ITS A SCAM!
They are going to get cheaper...
MILLIONS OF SHARES BEING ISSUED
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and pay ableist on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership m, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April16, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
On July 17, 2015, the Company received a conversion notice requesting the issuance of 7,000,000 shares upon conversion of $17,500.00 of the note’s outstanding balance, leaving a principle amount of $275,382.66. The Company issued out 7,000,000 shares on July 21, 2015.
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws.
RED FLAGS!!!! RED FLAGS!!!! RED FLAGS!!!! RED FLAGS!!!! RED FLAGS!!!!!!
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership m, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April16, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
On July 17, 2015, the Company received a conversion notice requesting the issuance of 7,000,000 shares upon conversion of $17,500.00 of the note’s outstanding balance, leaving a principle amount of $275,382.66. The Company issued out 7,000,000 shares on July 21, 2015.
MILLIONS OF SHARES BEING PRINTED, TOXIC Convertible Notes Payable being converted at .0025.
Since the beginning of the year 24,000,000 shares converted at .0025
Note holders converted $50,000-60,000 of debt into shares valued over $10,000,000
Shareholders being fleeced!
Buyer beware!
$292,000 of CONVERTABLE debt will add another 140,000,000 shares.
CARO CAPITAL INTENDS TO SELL ITS SHARES. If the shares are restricted, Caro intends to sell them when they are registered. If the shares are freely tradeable, Caro intends to sell them. Caro affiliates, officers, directors and employees may buy and sell shares discussed in this report or any other communications and may profit in the event those shares rise in value. Caro may sell shares at any time.
Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares.
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
NO CASH, NO ASSETS, NO REVENUES
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws.
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
NO AUDIT, NO FUNDS TO CLOSE PROJECTS
"that shareholder single handily destroyed $BHGI"
Sure looks that way, even the President agrees.
The President of the company stated;
....BHGI is unable to attract new investors and to closing contracts...
....limiting the company's ability to attract shareholders and investors and preventing the company from completing the closing of contracts necessary to move the company forward.
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
Off 42% in one day.
CROSS-COMPLAINT FOR SECURITIES VIOLATIONS FILED AGAINST BEVERLY HILLS GROUP, INC.
/EINPresswire.com/ -- SAN DIEGO, CA--(Marketwired - January 08, 2016) - On December 30, 2015, shareholders Ahmad Arfaania and N.A. Fam, LLC filed a Cross-Complaint in the Superior Court of the State of California against Beverly Hills Group, Inc. for rescission of the investment of $225,000, interest thereon, punitive damages and attorney's fees.
The Cross-Complaint alleges:
1) Violations of Sections 5(a) and 4(a)(1) of the Securities Act of 1933 relating to the unregistered offer and sale of securities;
2) Violations of California Corporations Code Section 25501.5 and 25403 for the use of an unlicensed Broker-Dealer, Jeffrey Thomas; and
3) Breach of Contract.
The Cross-Complaint also personally names as cross-defendants, several officers, directors and other control persons, including the in-house counsel of Beverly Hills Group, Inc., Gene O'Brien, in connection with the securities violations.
Such violations occurred in connection with the offer and sale of stock to shareholders Ahmad Arfaania and N.A. Fam, LLC in the past 18 months. Mr. Arfaania stated, "Mr. Thomas, James Poe, Paula Poe and other controlling representatives of Beverly Hills Group, Inc. used high pressure tactics to extract $225,000 of funds, from myself as well as from members of N.A. FAM LLC, without complying with the federal and California securities laws. I gave them the opportunity to settle this matter amicably, but their disregard for the law resulted in the filing of the Cross-Complaint."
Weintraub Law Group PC
Toll-Free: 877-566-7010
Tel: 858-566-7010
Fax: 858-566-7015
Yup, 2 bags of CRAP!
Can you say bagholders, BHGI?