SBCO - the CEO has some problems and when questioned has some very strange answers. Investors should know.....
HAPPY READING
Washington, D.C., Dec. 1, 2011 - The Securities and Exchange Commission, U.S. Attorney for the District of Massachusetts, and Federal Bureau of Investigation today announced parallel cases filed in federal court against several corporate officers, lawyers and a stock promoter alleging they used kickbacks and other schemes to trigger investments in various thinly-traded stocks. Karen Person, 61, of Naperville, Ill. (President of Small Business Company, Inc.), charged with mail and wire fraud.
http://www.sec.gov/news/press/2011/2011-251.htm
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=3&ved=0CDUQFjAC&url=http%3A%2F%2Ffiles.onset.freedom.com%2Focregister%2Fnews%2F2011%2F12%2FPennyPincherAffid.pdf&ei=xj18T6boKfS00AH207mNDA&usg=AFQjCNHWEqtAlGOsT0KdSvbID5AfBCNrPw
Case Summary
1:11-cr-10415-NMG-4 USA v. Prange et al
Date filed: 12/14/2011
Date of last filing: 03/19/2012
Karen Person (4)
Office: Boston
Filed: 12/14/2011
County: Middlesex
Terminated:
Reopened:
Magistrate Case:
1:11-mj-06166-LTS
Count: 4
Citation: 18:1349.F
Offense Level: 4
18:1349 - CONSPIRACY TO COMMIT SECURITIES FRAUD
Count: 5
Citation: 18:1343.F
Offense Level: 4
18:1343, 1349, 2 - WIRE FRAUD
Count: 6
Citation: 18:1341.F
Offense Level: 4
18:1341, 1349, 2 - MAIL FRAUD
Defendant Custody Status: Released
Flag: CASREF
Defendant: Karen Person
represented by
Francis J. DiMento(Designation Retained) Phone: 617-523-2345 - Fax: 617-523-2346
Email:
fjd@dimentosullivan.com
Plaintiff: USA
represented by
Vassili Thomadakis Phone: 617-748-3248
Email:
vassili.thomadakis@usdoj.gov
Plaintiff: USA
represented by
Sarah E. Walters Phone: 617-748-3130 Fax: 617-748-3960
Email:
sarah.walters@usdoj.gov
When questioned she answered with the following unreal and unbelievable babel, Very scary stuff. This is the CEO, I'd be worried about anything this woman says, but you decide.
My cell phone is 702-528-6086. This happened months ago involving identity theft and me working to bring a couple of people to light for criminal activities involving fund raising for non- existent pink sheet companies.
I will be testifying against the people who have been taking illegal fees for brokering money. There are lots of people including the former CEO of SBCO who are conducting fraudulent activities. There is another shareholder who still wants to go after him. I told him it would be bad for the company and I think he will not be doing anything about Larsen, but there are plenty of investors who want him in jail!
(So much here my head is about to explode. How can this woman who can't put together a clear sentence run a company?)
When the radio show aired, we had decided to file a form 15 to be non-reporting to enable us to just file 10 and 11. On further research, we found that this would end up hurting the company. The former CEO never filed tax returns or made any attempt to bring financials up-to-date since 2008. Everything has to be restated and entries need to be made that were not included. We are working diligently to accomplish this task and believe we can be current in about 4-5 weeks.
This is what has to be done for the good of the company, instead of shortcuts!
Again, there was nothing illegal, two lawyers are involved and it was an illegal operation of the government and has been going on in various modes since the 80's. What you said is entrapment. I am somewhat famous and people know my background. Identify theft is far beyond what you said. The wrong people get arrested all the time!
This started in Ny and involved another woman with the same name.
When the radio show aired, we had decided to file a form 15 to be non-reporting to enable us to just file 10 and 11. On further research, we found that this would end up hurting the company. The former CEO never filed tax returns or made any attempt to bring financials up-to-date since 2008. Everything has to be restated and entries need to be made that were not included. We are working diligently to accomplish this task and believe we can be current in about 4-5 weeks.
This is what has to be done for the good of the company, instead of shortcuts!