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2010 form 700 posted here. Insight to holdings.
http://www.fppc.ca.gov/form700/2010/Legislature/Senate/R_Walters_Mimi.pdf
Chris Phillips' dirty deeds. On the Board:
http://www.stockhideout.com/small-market-capitalization/15045-chris-phillips-gets-slap-hand-will-stastney-dececco-diamond-next.html
to know more about the David Walters' Holdings, google, "2010 form 700 Mimi Walters". Obviously you could search for 2008 & 2009, I think they are avail also. this is a public document posted by law that all public officials must do once per year in CA. This form really gives insight to current holdings. Being married to a State senator is not a great idea due to disclosure.
If you want to learn more about one legal case that Walters has been involved in and see some insight on the wash and rinse cycle, google "new millenium capital partners III, LLC against systems evolution, inc" The modus operandi mirrors many of the other companies he's been involved with.
David Walters, finally named in deceptive legal matter
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WuYcCTKhA/Awg==&from=FiledDocsDetailURL
David Walters, finally named in deceptive legal matter
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WuYcCTKhA/Awg==&from=FiledDocsDetailURL
2010 form 700 just posted for wifey, some new items to explore http://www.fppc.ca.gov/form700/legislature/senate/Walters_Mimi.pdf
2010 form 700 just posted, some new items to explore http://www.fppc.ca.gov/form700/legislature/senate/Walters_Mimi.pdf
I'm still looking for the 2010 version, but check out 2009 form 700 http://media.sacbee.com/smedia/2009/03/11/14/Sen.MimiWalters,R-LagunaNiguel2008.source.prod_affiliate.4.pdf
guys, if you want to stir the pot for david walters who probably used your money to live here ( house to the left in the cul de sac) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48210824
I believe you have to find a way to persuade the democratic party to put pressure on the SEC to snoop. Those sneaky b*stards would love to embarrass his wife, Republican CA State Senator Mimi Walters, who at one time was an investment banker, and has a politically connected family.
I've often thought the smoking gun was their one somewhat successful business that they've held onto, Monarch staffing, which has also been thru the name change rinse cycle. The One legal conflict I see that needs to be investigated in depth is the relationship of DW's wife and the convoluted contracts that Monarch Staffing has with the CA state prison system. http://www.marketwire.com/press-release/Monarch-Staffing-Inc-MSTFPK-Awarded-New-Contract-With-California-Department-Corrections-1183705.htm
If you research the Form 700's that politicians must complete in CA, and the dealings that Monarch has with the state, it just seems their are some conflicts of interest.
DW and Co will no doubt use their stealth triangulation to hide their next deal somewhere b/w Cardiff Partners ( Formerly Strands Management)Monarch Bay Associates, LLC and Laguna Access Fund, LLC
DW has the modus operandi down to a science and some of the things they do don't even get reported because the companies are pink sheeted by the time they do their magic. Google "flemsnopes investorhub" and read everything Flem has written on various boards on the subject for guidance.
Good Luck,
A Friend
Flem is 100% accurate on any and all connections to Monarch Bay / David Walters. I had previously researched the Labyrinth of companies associated with them. In some form or fashion the rinse and repeat process is evident. Countless hours can be spent researching the 50 + companies they have been involved with. Obviously, they know the SEC rules inside and out and they know how to hide behind the pink sheet when necessary. All share dilution ultimately pays for one time fees to "the management co", then when nothing is left, assets are sold. Flemsnopes as nailed all of it in multiple post.
The One legal conflict I see that really needs to be investigated in depth is the relationship of David Walter's politically connected wife http://www.mimiwalters.com/ and the convoluted contracts that a David Walters Co., Monarch Staffing, has with the state prison system. http://www.marketwire.com/press-release/Monarch-Staffing-Inc-MSTFPK-Awarded-New-Contract-With-California-Department-Corrections-1183705.htm
If you research the Form 700's that politicians must complete in CA, and the dealings that Monarch has with the state, it just seems their are some conflicts of interest.
You can spend a great deal of time researching Mimi Krogius Walters and her politically connected family. All I know is they live in a really big house! 3 Inspiration Pt, Laguna Niguel, CA 92677-9204
David Walter's House from public information sources
this must be where the profits go. 14000 sq/ft.
http://www.bing.com/maps/?v=2&cp=pkh60455sbj5&scene=32502765&lvl=2&sty=o
More info on the dealings being scrutinized about folks associated with the board of Directors. Richard Kreger, son of board member Alex Kreger, and board Member Chris Phillips. Alex Kreger in prior sec filings has been associated with Midtown Partners.
http://sharesleuth.com/investigations/2010/03/30/the_connections_between_vicis/#more
it's very convoluted with Walter's and his LLCs. You usually have to dig deep to find out what is going on when he is involved. SSEV ( via SEVO via SEVI) . You usually have to follow the merger, the name change, the reverse split while navigating the limiting information after going Dark(pink). The trend is the same on many of their dealings. Do the deal, manage the Company short term, name new executives and boards, then move on while retaining ownership and fee income.
You can google the LLCs and the principals, Moore, Walters, Szot all day long and something new is always popping up!
Cardiff Partners ( Formerly Strands Management)
Monarch Bay Associates, LLC
Laguna Access Fund, LLC
David Walter's(owns RMTD, MSTF, DLGI, BNCM, SSEV )
House from public information sources
this must be where the profits go. 14000 sq/ft.
http://www.bing.com/maps/?v=2&cp=pkh6kq55sbbz&scene=32502765&lvl=2&sty=o&where1=3%20Inspiration%20Pt%2C%20Laguna%20Niguel%2C%20CA%2092677-9204
http://www.tomcaseylaw.com/general.htm
http://articles.latimes.com/2000/nov/30/news/mn-59410
Mrs. Marian Mimi Krogius Walters fundraiser
http://www.lnrwf.org/member%20tea.htm
Oct. 17, 2000--The mayor of Laguna Niguel has made the first and only bid to purchase the former mansion of Luigi DiFonzo, the deceased executive of DFJ Italia who a judge determined used money from a Ponzi scheme to purchase the home. Marian "Mimi" Walters and her husband, David, an investment banker, have offered to pay $4.95 million for the 14,000-square-foot hilltop home in the Bear Brand Ranch gated community, according to a notice sent out to investors Monday. Walters currently lives down the street from the home, which sits atop a cul-de-sac called Inspiration Point. She said her family has been looking for several months for a new home and had admired the former DiFonzo house for a long time. The Walters offered to buy the mansion from Thomas Casey, the court-appointed trustee, who was awarded possession of the home in August when a U.S. Bankruptcy judge ordered DiFonzo's widow and family to vacate the home. The Walters also offered to pay $250,000 for furniture, artwork and other property that was seized from the home by the trustee and FBI. DFJ closed its doors in March and alerted investors that much of their money was missing. Investigators have determined that the company took in at least $45 million from 700 investors, including professional athletes and entertainment celebrities. Casey said a hearing date was set in bankruptcy court for Nov. 8 when the judge will have the opportunity to approve the sale to the Walters. Other interested buyers will have until then to submit a higher bid. If the sale goes through, Casey estimated the trustee would pocket about $1.5 million before taxes and after the DiFonzo's mortgage company is paid off. However, Casey said it is impossible to tell at this point how much of that money will actually make its way back to investors. He said his investigation is at a point where he is considering investing the money in the pursuit of lawsuits against large institutions and corporations that have willingly or unwillingly aided DFJ in its fraudulent scheme. Casey said he would determine in the next several weeks whether there is sufficient evidence to pursue those suits that could potentially provide a windfall for defrauded investors. Casey also said Monday that he has filed a lawsuit to seize the New York home of Geraldine Ales, the former wife of DFJ Italia vice president Angelo Ales. Casey said he has traced $129,000 from DFJ accounts to payments for the Long Island house. Casey said the lawsuit would temporarily freeze the assets.
David Walter's(owns RMTD, MSTF, DLGI, BNCM, SSEV )
House from public information sources
this must be where the profits go. 14000 sq/ft.
http://www.bing.com/maps/?v=2&cp=pkh6kq55sbbz&scene=32502765&lvl=2&sty=o&where1=3%20Inspiration%20Pt%2C%20Laguna%20Niguel%2C%20CA%2092677-9204
http://www.tomcaseylaw.com/general.htm
http://articles.latimes.com/2000/nov/30/news/mn-59410
Mrs. Marian Mimi Krogius Walters fundraiser
http://www.lnrwf.org/member%20tea.htm
Oct. 17, 2000--The mayor of Laguna Niguel has made the first and only bid to purchase the former mansion of Luigi DiFonzo, the deceased executive of DFJ Italia who a judge determined used money from a Ponzi scheme to purchase the home. Marian "Mimi" Walters and her husband, David, an investment banker, have offered to pay $4.95 million for the 14,000-square-foot hilltop home in the Bear Brand Ranch gated community, according to a notice sent out to investors Monday. Walters currently lives down the street from the home, which sits atop a cul-de-sac called Inspiration Point. She said her family has been looking for several months for a new home and had admired the former DiFonzo house for a long time. The Walters offered to buy the mansion from Thomas Casey, the court-appointed trustee, who was awarded possession of the home in August when a U.S. Bankruptcy judge ordered DiFonzo's widow and family to vacate the home. The Walters also offered to pay $250,000 for furniture, artwork and other property that was seized from the home by the trustee and FBI. DFJ closed its doors in March and alerted investors that much of their money was missing. Investigators have determined that the company took in at least $45 million from 700 investors, including professional athletes and entertainment celebrities. Casey said a hearing date was set in bankruptcy court for Nov. 8 when the judge will have the opportunity to approve the sale to the Walters. Other interested buyers will have until then to submit a higher bid. If the sale goes through, Casey estimated the trustee would pocket about $1.5 million before taxes and after the DiFonzo's mortgage company is paid off. However, Casey said it is impossible to tell at this point how much of that money will actually make its way back to investors. He said his investigation is at a point where he is considering investing the money in the pursuit of lawsuits against large institutions and corporations that have willingly or unwillingly aided DFJ in its fraudulent scheme. Casey said he would determine in the next several weeks whether there is sufficient evidence to pursue those suits that could potentially provide a windfall for defrauded investors. Casey also said Monday that he has filed a lawsuit to seize the New York home of Geraldine Ales, the former wife of DFJ Italia vice president Angelo Ales. Casey said he has traced $129,000 from DFJ accounts to payments for the Long Island house. Casey said the lawsuit would temporarily freeze the assets.
David Walter's (board of directors / dealmaker) House from public information sources
this must be where the profits go. 14000 sq/ft.
http://www.bing.com/maps/?v=2&cp=pkh6kq55sbbz&scene=32502765&lvl=2&sty=o&where1=3%20Inspiration%20Pt%2C%20Laguna%20Niguel%2C%20CA%2092677-9204
http://www.tomcaseylaw.com/general.htm
http://articles.latimes.com/2000/nov/30/news/mn-59410
Mrs. Marian Mimi Krogius Walters fundraiser
http://www.lnrwf.org/member%20tea.htm
Oct. 17, 2000--The mayor of Laguna Niguel has made the first and only bid to purchase the former mansion of Luigi DiFonzo, the deceased executive of DFJ Italia who a judge determined used money from a Ponzi scheme to purchase the home. Marian "Mimi" Walters and her husband, David, an investment banker, have offered to pay $4.95 million for the 14,000-square-foot hilltop home in the Bear Brand Ranch gated community, according to a notice sent out to investors Monday. Walters currently lives down the street from the home, which sits atop a cul-de-sac called Inspiration Point. She said her family has been looking for several months for a new home and had admired the former DiFonzo house for a long time. The Walters offered to buy the mansion from Thomas Casey, the court-appointed trustee, who was awarded possession of the home in August when a U.S. Bankruptcy judge ordered DiFonzo's widow and family to vacate the home. The Walters also offered to pay $250,000 for furniture, artwork and other property that was seized from the home by the trustee and FBI. DFJ closed its doors in March and alerted investors that much of their money was missing. Investigators have determined that the company took in at least $45 million from 700 investors, including professional athletes and entertainment celebrities. Casey said a hearing date was set in bankruptcy court for Nov. 8 when the judge will have the opportunity to approve the sale to the Walters. Other interested buyers will have until then to submit a higher bid. If the sale goes through, Casey estimated the trustee would pocket about $1.5 million before taxes and after the DiFonzo's mortgage company is paid off. However, Casey said it is impossible to tell at this point how much of that money will actually make its way back to investors. He said his investigation is at a point where he is considering investing the money in the pursuit of lawsuits against large institutions and corporations that have willingly or unwillingly aided DFJ in its fraudulent scheme. Casey said he would determine in the next several weeks whether there is sufficient evidence to pursue those suits that could potentially provide a windfall for defrauded investors. Casey also said Monday that he has filed a lawsuit to seize the New York home of Geraldine Ales, the former wife of DFJ Italia vice president Angelo Ales. Casey said he has traced $129,000 from DFJ accounts to payments for the Long Island house. Casey said the lawsuit would temporarily freeze the assets.
Matt Szot / DW and Cardiff Partners (strands replacement) showed up recently on another management agreement on a soon to be initial offering. http://www.faqs.org/sec-filings/100310/SandW-Seed-Co_S-1.A/a2197112zex-10_14.htm
interesting read....Chris Phillips recently resigned from board of omni...but this gives a little background on this co.
http://sharesleuth.com/2010/01/05/federal_authorities_are_invest/#more
refer to post 5797 flemsnope nails it with these guys:
They are probably in the final few minutes of the "rinse" cycle which is usually followed by a REVERSE SPLIT, NAME CHANGE/REVERSE MERGER, OR SOME SUCH OBFUSCATION, before entering the "repeat" cycle which brings in new naive RETAIL INVESTORS not familiar with the modus operandi. Diabolical and genius at the same time.
http://seekingalpha.com/instablog/495710-finalternatives/42891-feds-scrutinizing-execs-at-hedge-fund-vicis-capital good information on Chris Phillips who's on the board.
I like the way you think ...... this group needs to be exposed.
beware When David Walters in involved. They are a busy bunch. He and his partners @ Cardiff, Monarch and Laguna are all about the fees ( Keith Moore and Matthew Szot)
Cardiff Partners LLC / Formerly Strands Management recently dissolved
Monarch Bay Associates, LLC
Laguna Access Fund, LLC
Just do some research on things he's involved with.
RMTD.PK PAOS.OB, MSFT.PK, BNCM.PK, SEVO.PK, STUO.PK, DLGI.PK, MMEX.OB, TPAC.OB Lathian Systems Inc., formerly, MydrugRep
CURRENT OR PRIOR ASSOCIATIONS
DRUG CONSULTANTS INTERNATIONAL, INC.
MANAGEMENT ENERGY, INC.
4-A ENERGY SERVICES ACQUISITION CORPORATION
AMARA CAPITAL MANAGEMENT LLC
BOUNCE MOBILE SYSTEMS, INC.
MT ULTIMATE HEALTHCARE CORP.
BOUNCEGPS, INC.
SECURED FEDERAL FUNDING, INC
SEVI NEVADA, INC.
CASTLE ENERGY SYSTEMS, INC.
SFF ACQUISITION CORP.
CJT CAPITAL CORP.
SOLANA TECHNOLOGIES, INC.
DATAMILLIONS, INC.
DRUG CONSULTANTS, INC.
DURATION SOFTWARE INC.
SUCCESS DEVELOPMENT GROUP, INC.
ITECHEXPRESS, INC.
SYSTEMS EVOLUTION INC
KAZZ GLOBAL, INC.
WIN WIN EVENTS, INC.
KG3, INC.
BY NO MEANS A COMPLETE LIST!!!
beware When David Walters in involved. They are a busy bunch. He and his partners @ Cardiff, Monarch and Laguna are all about the fees ( Keith Moore and Matthew Szot)
Cardiff Partners LLC / Formerly Strands Management recently dissolved
Monarch Bay Associates, LLC
Laguna Access Fund, LLC
Just do some research on things he's involved with.
RMTD.PK PAOS.OB, MSFT.PK, BNCM.PK, SEVO.PK, STUO.PK, DLGI.PK, MMEX.OB, TPAC.OB Lathian Systems Inc., formerly, MydrugRep
CURRENT OR PRIOR ASSOCIATIONS
DRUG CONSULTANTS INTERNATIONAL, INC.
MANAGEMENT ENERGY, INC.
4-A ENERGY SERVICES ACQUISITION CORPORATION
AMARA CAPITAL MANAGEMENT LLC
BOUNCE MOBILE SYSTEMS, INC.
MT ULTIMATE HEALTHCARE CORP.
BOUNCEGPS, INC.
SECURED FEDERAL FUNDING, INC
SEVI NEVADA, INC.
CASTLE ENERGY SYSTEMS, INC.
SFF ACQUISITION CORP.
CJT CAPITAL CORP.
SOLANA TECHNOLOGIES, INC.
DATAMILLIONS, INC.
DRUG CONSULTANTS, INC.
DURATION SOFTWARE INC.
SUCCESS DEVELOPMENT GROUP, INC.
ITECHEXPRESS, INC.
SYSTEMS EVOLUTION INC
KAZZ GLOBAL, INC.
WIN WIN EVENTS, INC.
KG3, INC.
BY NO MEANS A COMPLETE LIST!!!