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http://www.otcmarkets.com/stock/WWIO/profile
Company Officers/Contacts
Tony Anish CEO
Jitu Banker CFO
Company Directors
Brian Altounian
On September 15, 2015, the Company entered into an employment agreement with Mr. Brian Altounian as Executive, which expires in September 2017, with an automatic renewal period of two years unless otherwise terminated.
Mr. Altounian will serve as the chairman of the Board of Directors of the Company and provide advisory services to the CEO. The employment agreement requires annual base salary payments of $180,000 per year. In addition, the executive is entitled to bonuses solely at the discretion of the Board of Directors. Pursuant to the agreement, if the executive is terminated without cause, he is entitled to receive an amount equal to six months of his annual base salary.
https://www.sec.gov/Archives/edgar/data/1559754/000161577416005504/s103249_10q.htm
How is that possible
when the new WWIO CEO is still discovering debt he didn't know existed when he bought WWIO? How much hidden debt do you think he'll suddenly "discover" in the Castlerock acquisition?
Most of the time you are correct
there is just so much BS spewed on the OTC that the SEC pretty much raises the bar quite high for enforcement for garden variety lying.
There are a couple of hot button issues that can fast track enforcement. I don't want to give them away in public-- PM me sometime and I'll let you know what they seem to be. I think I recently discovered another one.
Point being you can lie about most anything in OTC land and get away with it. Some lies will bring the full force of the agency down on you before Kingpin can get someone on the case.
they do listen. they just prioritize.
The hint was the last 10k where they said they had sold off all of the remaining saleable inventory.
Well, unless they have some sort of manufacturing plant/arrangement somewhere, that would pretty much mean that any claims of upcoming sales were simply fraudulent.
SIML sold off all of the inventory that had any value at all. The company has been completely stripped bare short of the paper printer.
I mean seriously
You get a guy like Sand getting out of prison, and a formerly legitimate publicly traded company 10 feet from his house, liquidates, and he convinces the CEO, being 197 years old, into thinking he's getting a deal when this city slicker says he'll take this old worthless ticker off his hands for a few grand and a handful of lottery tickets.
Something similar happened to my neighbor. In the end him and his wife were screaming at me...."Why didn't you tell us???" My answer? I did. Over and over and over. Oh, and did you happen to notice NONE of MY money, time, name, went anywhere near this thing????
People get real selectively deaf when they think they are getting rich.
They just happen to find the secret to wealth......on iHub.
When I was a kid, it was the back of comic books. All kinds of fantastic stuff back there that my parents would never let me buy. Jerks. Imagine where I'd be today! X-ray eyeglasses!
In response to your post on the KEYO board
since likely there are more of us here familiar with Dr PSS and his scams than are left there. Remember his IPO NANT NK? That one didn't last long
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135032120
Im not PSS fan. I believe he is a yet to be exposed fraudster
So adept with the baffling them with bullshit technique that no one can untangle the web of deceipt. I rememeber the 60 minutes piece where he had an entire blackboard filled with a single mathematical equation and the interviewer guched "and you understand what that all means" or something equally dumb.
That sayd, Boyden Gray is a heavy hitter. He's not an idiot. The company/drug likely was/is worthless and he saved her ass.
My bet is PSS found the kernel of truth and is promoting the crap out of it that will be his new cancer kiler stock sale theme. Not that the treatment will be of any value, but that there will be a world class pump coming out of it.
The suit, inadvertantly may be the event that exposes it (not us)
Kind of like when an auditor is paid in stock.
LOL
I've seen that one claimed before
Sand already went to prison for Ingen
He uses "straw men" now. Like Gary Tilden. And Sand's wife, Donna Murtaugh.
Notice in the latest filings, how Tilden "resigns". but then 2 months later is quietly hired again as a "consultant". someone needs to watch over Donna Murtaugh's voting shares
$MNZO https://twitter.com/search?q=robertritch
His fan club is not happy. Some have evidence of Ritch frontloading the scam
$MNZO https://twitter.com/search?q=robertritch
His fan club is not happy. Some have evidence of Ritch frontloading the scam
MNZO (formerly FOGC)
Robert Ritch? @robertritch
3h3 hours ago
After much deliberation and meeting with the SEC; I am resigning as the President of MNZO effect December 5. A interim President will take over MNZO. Simple Marketing and WS Services are being sold to me in exchange for my preferred shares.
https://twitter.com/robertritch?lang=en
MNZO (formerly FOGC)
Robert Ritch? @robertritch
3h3 hours ago
After much deliberation and meeting with the SEC; I am resigning as the President of MNZO effect December 5. A interim President will take over MNZO. Simple Marketing and WS Services are being sold to me in exchange for my preferred shares.
https://twitter.com/robertritch?lang=en
They are PR'ing what is in reality somoene else's business activity?
HIHI constantly puts out PR's about activities in a development they have no ownership interest in.
Agrimed, a private company completely unrelated to UNVC is the only subject discussed on the UNVC board such that it is now the only thing really "on topic"
In other words, other businesses legitimate activities soon bcome assumed to be yours, even if they aren't. "We diddn't say it was OUR activity in the news"
That was just a case of extreme sarcasm
I remember when Truehart paid Mr Sand a visit and found nobody to be home if I remember correctly. This was back even before the days when the spring loaded Ingen Nasula Canula was scheduled to be on an expedition to Everest.
A new CEO , sure
But Brian alrounian has been on the board of directors of WWIO for the last 4 WWIO CEO's. (And the BOD of IMGG, PDOS, and Alliance Acquisitions)
And the new CEO just discovered debt that he didn't know he had. think about that. He bought a business, but that business owes more than it told him it did. And yet, he's not upset about that.
$250,000 worth of stock plus $30,000 cash for THAT interview
For a company trading at NO BID and has zero sales.
On November 2, 2017, the Company entered into a six-month Consulting Agreement with Jump Television Studio's LLC to provide market intelligence to assist in strategic planning and news dissemination. The Company has agreed to pay Jump Television Studio's a fee of $30,000 for services performed, which is payable on or before January 3, 2018. In addition, the Company shall issue restricted shares of SIML common stock equal to $250,000.
If you buy
In lots using MM signals, particularly 911 shrs, the TA knows thos are POST split shares and they will not be subject to the r/s
I dont think internet
Is allowed in rehab. Got to keep lumpy away from the dark web
https://www.newspapers.com/newspage/200614173/
Quote:
" Recent drug court graduate Robert Ritch agreed. Ritch, a businessman who was once in the military, said there are all kinds of people that go through drug court. "You wouldn't think drug court has professional people, but it does," he said. "The program serves a need that the system does not," said Ritch, who was in the program for two years for an addiction to painkillers. "No one can get straight in prison."
From Janice and NOdummy
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128240040
((((( lots of stuff edited out )))
quote:
The NIR Group/AWJ Offshore stuff is interesting. I see that Gruber used to work for NIR Group before moving over with Bronson so there may be a connection between Bronson and Ribotsky which explains why AWJ Offshore shows up so much in the Bronson Bankruptcy stuff
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120195673
https://promotionstocksecrets.com/wp-content/uploads/2017/01/BronsonbankruptcyfilingAJWRibotsky.pdf
It could also explain why Bronson is going the Bankruptcy route (besides trying to avoid paying the judgement he lost to Mark Gruber and Evan Solomon). He probably knows an SEC Settlement is on the way and he is using the Corey Ribotsky play book
http://www.teribuhl.com/2015/02/13/sec-knew-collecting-14-5-mn-hedgie-ribotsky-fine-would-fail/
Bronson and Lionhart
are known, longtime players. He's been in stocks I've followed but I can't remember the particular tickers offhand. He was in FAR more than just the chart in the complaint
I posted a query on the DD board.
https://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/
Bronson and Lionheart
https://www.sec.gov/litigation/complaints/2012/comp-pr2012-165.pdf
Been a while since I heard of him. Poster on the Cory Ribotsky board was asking about him. Anyone remember any details on him?
https://investorshub.advfn.com/NIR-Group-11792/
Funny how Dr Dalton
never puts those things in writing. Only in cell phone calls
Wonder why that is?
Ahhh
another case where the the filing of a 10k / 10Q is an accomplishment to be celebrated as NEWS OUT !!!! and not as a document to actually be read and deciphered
The PC's are excited though because
1) new management is going to pay for their new shell
2) new management is going to renegotiate all of that old debt
3) new management is going to get the filings "current"
4) new management is going to bring on cash flow positive acquisitions
all with a no bid .0001 stock and it won't hurt a bit !!! ROTFL
How exactly does something like this happen?
Sounds like an extremely INCOMPETENT management team at best
How exactly does something like this happen?
Sounds like an extremely INCOMPETENT management team at best
Buried in today's WWIO PR
The relevant part of the PR
The relevant part of the PR
Well at least they got a 2 week reprieve
New shares for a new year now
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND A PROXY.
Date: November 28, 2017
Upon the effectiveness and on the date that is twenty (20) days following the filing of this Information Statement, the Board of Directors shall have the Company's Certificate of Amendment to the Articles of Incorporation filed with the State of Nevada in order to effect the Articles Amendment.
R/S wont filed in Nevada until Dec 7
according to the CEO and COO
Check "FINRA" (OTCBB) Daily List two or 3 days following Dec 7
Purpose of the Amendment of the Articles
On November 14, 2017, the Company's Board of Directors and the Majority Stockholders owning a majority of the Company's voting securities approved a resolution authorizing the Company to amend the Articles of Incorporation to accomplish the Reverse Split of the Corporation's issued and outstanding shares of 1 for 1,500, and to reduce the amount of Authorized Common Shares to 900,000,000 Shares at par value $0.00001 per share. The Board believes that the Articles Amendment better reflects the nature of the Company's anticipated operations.
Amended Certificate of Incorporation
Upon the effectiveness and on the date that is twenty (20) days following the filing of this Information Statement, the Board of Directors shall have the Company's Certificate of Amendment to the Articles of Incorporation filed with the State of Nevada in order to effect the Articles Amendment.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, Simlatus Corp. has duly caused this report to be signed by the undersigned hereunto authorized.
IN WITNESS WHEREOF, We, have hereunto set our hands as Chief Executive Officer and Members of the Board of Directors of the Corporation.
Acknowledged by:
/s/ Mike Schatz
11-17-2017
Mike Schatz – Simlatus Corporation, COO
Date
/s/ Robert C. Stillwaugh
11-17-2017
Robert C. Stillwaugh – Simlatus Corporation, CEO, Chairman
Date
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12391442
You do realize
that HIHI owns nothing in that PR. They don't own the development. They don't own the businesses. They don't own the entertainment.
They simply put out a PR hoping people will mistakenly believe HIH owns something mentioned in that PR.
Nothing. Not a thing. Simply an empty shell with debt
Don't just look at Bitcoin from the US centric view
it is a means of movement of cash out of places like China and North Korea. it is a stable (LOL) source of currency for Venezualans. Bitcoin is a worldwide means of exchange.
Most currencies are fiat currencies without anything to back them up other tan more trees. There are very often controls on it's movements. Certainly physical money is easy to spot and steal and very hard to move.
And yes, I do see the glaring weaknes in my argument That governments can shut it down just like any other currency movement. But that takes coordinated efforts between governments with different motivations. But until the Bitcoin crosses over into the local currency world, its nearly impossible to do. I can buy a donkey with Bitcoin and my donkey dealer can buy an iphone with Bitcoin and the iphone dealer can send it to his uncle louie in New Jersey.. Has vale. Means of exchange Very hard to control.
That said. Most ICO's are frauds. Just like some MJ companies are real. Most are frauds.
Bitcoin, Ethereum, Litecoin, Bitcoin Cash. Monero. They are real and becomming more and more ingrained in society. Still very small.
12 IN ASBESTOS SCAM DA SAYS FIRMS FAKED MINORITY OWNERSHIP
BY Virginia Breen
NEW YORK DAILY NEWS
Friday, May 19, 1995, 12:00 AM
http://www.nydailynews.com/archives/news/12-asbestos-scam-da-firms-faked-minority-ownership-article-1.689172
Two brothers from rival mob families and 10 other people were charged yesterday with setting up three minority-fronted asbestos removal companies to get $5 million in government work, officials said. Joseph DiNapoli, 59, and his brother Louis, 56, both of Scarsdale, were charged with racketeering in a scheme that netted them asbestos-removal contracts intended for minority and female-owned firms from the Board of Education, Transit Authority and Health and Hospitals Corp., said Manhattan District Attorney Robert Morgenthau. Morgenthau said Joseph, a reputed capo in the Luchese crime family who is awaiting sentencing on a federal loansharking conviction, created, funded and headed the asbestos companies, while Louis, a reputed soldier in the Genovese family, helped him. Morgenthau said the DiNapoli brothers hired Peter Velasquez, 40, a Latino from New Rochelle; Sterling Crockett, 33, an African-American from Bayside, Queens, and Marguerite Trombetta, 37, a woman from the Bronx, and listed them as owners and presidents of three firms. But in reality, he said, the companies were run by cronies of the DiNapoli brothers. The firms shared offices and workers and funneled money to one another. The brothers and their cohorts then cooked the books to show that they were paying scale wages, while they were ripping off their immigrant workers who spoke little English, he said. "In essence, this case demonstrates how organized crime figures have stolen these benefits and victimized legitimate minority-owned and women-owned businesses as well as the city and state," Morgenthau said. He stressed, however, that the companies were not being accused of shabby workmanship. Department of Environmental Protection spokeswoman Natalie Miller said none of the firms the Precision Abatement Corp., the Asbestos Carting Corp. and the P&T Excavation Corp. appeared on the agency's list of firms with outstanding violations. Murray Richman, Joseph DiNapoli's lawyer, called the charges "nonsense, sheer nonsense. Everything today is corruption enterprise.
" Morgenthau said the scam began in 1987, when the DiNapolis started Asbestos Carting with Velasquez. That company became so successful that they created P&T Excavation two years later with Trombetta and Precision Abatement with Crockett. The companies then got contracts at six public schools in the Bronx, Manhattan and Queens. The work done consisted of carting asbestos away from the school grounds. "None of the work was substandard, but the fact that they did good work is irrelevant," said Thomas Thacher, inspector general of the School Construction Au thority. The companies also got the transit and HHC contracts. Prosecutors discovered the scam while investigating a plumbing contractor, Morgenthau said.
12 IN ASBESTOS SCAM DA SAYS FIRMS FAKED MINORITY OWNERSHIP
BY Virginia Breen
NEW YORK DAILY NEWS
Friday, May 19, 1995, 12:00 AM
http://www.nydailynews.com/archives/news/12-asbestos-scam-da-firms-faked-minority-ownership-article-1.689172
Two brothers from rival mob families and 10 other people were charged yesterday with setting up three minority-fronted asbestos removal companies to get $5 million in government work, officials said. Joseph DiNapoli, 59, and his brother Louis, 56, both of Scarsdale, were charged with racketeering in a scheme that netted them asbestos-removal contracts intended for minority and female-owned firms from the Board of Education, Transit Authority and Health and Hospitals Corp., said Manhattan District Attorney Robert Morgenthau. Morgenthau said Joseph, a reputed capo in the Luchese crime family who is awaiting sentencing on a federal loansharking conviction, created, funded and headed the asbestos companies, while Louis, a reputed soldier in the Genovese family, helped him. Morgenthau said the DiNapoli brothers hired Peter Velasquez, 40, a Latino from New Rochelle; Sterling Crockett, 33, an African-American from Bayside, Queens, and Marguerite Trombetta, 37, a woman from the Bronx, and listed them as owners and presidents of three firms. But in reality, he said, the companies were run by cronies of the DiNapoli brothers. The firms shared offices and workers and funneled money to one another. The brothers and their cohorts then cooked the books to show that they were paying scale wages, while they were ripping off their immigrant workers who spoke little English, he said. "In essence, this case demonstrates how organized crime figures have stolen these benefits and victimized legitimate minority-owned and women-owned businesses as well as the city and state," Morgenthau said. He stressed, however, that the companies were not being accused of shabby workmanship. Department of Environmental Protection spokeswoman Natalie Miller said none of the firms the Precision Abatement Corp., the Asbestos Carting Corp. and the P&T Excavation Corp. appeared on the agency's list of firms with outstanding violations. Murray Richman, Joseph DiNapoli's lawyer, called the charges "nonsense, sheer nonsense. Everything today is corruption enterprise.
" Morgenthau said the scam began in 1987, when the DiNapolis started Asbestos Carting with Velasquez. That company became so successful that they created P&T Excavation two years later with Trombetta and Precision Abatement with Crockett. The companies then got contracts at six public schools in the Bronx, Manhattan and Queens. The work done consisted of carting asbestos away from the school grounds. "None of the work was substandard, but the fact that they did good work is irrelevant," said Thomas Thacher, inspector general of the School Construction Au thority. The companies also got the transit and HHC contracts. Prosecutors discovered the scam while investigating a plumbing contractor, Morgenthau said.
12 Charged in Minority Businesses Scheme
By SELWYN RAAB
Published: May 19, 1995
http://www.nytimes.com/1995/05/19/nyregion/12-charged-in-minority-businesses-scheme.html
Two brothers identified by prosecutors as Mafia members were accused yesterday of illegally obtaining $5 million in asbestos-removal and construction contracts from New York City and state agencies that were intended for minority-owned companies.
The brothers, Joseph and Louis DiNapoli of Scarsdale, were arrested after an indictment was unsealed in Manhattan charging them with creating three front companies in a racketeering scheme that fraudulently obtained more than a dozen contracts since 1987 for work in the schools, hospitals and subways.
The indictment by a state grand jury also accused 10 other people of conspiring with the DiNapoli brothers to establish and run the companies and to misrepresent the firms as being owned by a black man, a Hispanic man and a woman. After being certified by state and city agencies as minority business enterprises, the companies were eligible for contracts even if their bids were as much as 10 percent higher than the lowest bid.
"This is one of largest cases ever developed of an organized crime group stealing benefits that should have gone to minorities and women," Robert M. Morgenthau, the Manhattan District Attorney, said in announcing the indictment.
Programs intended to increase the number of contracts for companies owned by women and minorities have been used by many levels of government nationwide for two decades. But their efforts have been plagued by abuses, including allegations that many companies benefiting from the programs are controlled by white businessmen.
In 1984, the State Commission of Investigation called the state's program a failure, and the Dinkins administration's efforts to steer more contracts to women or minorities were marred by the use of companies that appeared to be linked to white businessmen. Under the Dinkins administration, the city had a goal of awarding 20 percent of the value of all contracts to companies owned by black, Hispanic, Asian, and American Indian people and women.
In the latest case, Mr. Morgenthau emphasized that there was no evidence that the companies did poor work, mainly the sealing or removal of asbestos.
At the news conference, William J. Bratton, the city's Police Commissioner, said, "This is a vivid reminder how organized crime is literally into everything in this town."
Investigators from the Manhattan District Attorney's office said that two conspirators, whom they declined to identify, were overheard on a wiretap last year complaining that Mayor Rudolph W. Giuliani had changed city policies, making it more difficult for minority-run companies to obtain contracts.
"They were actually griping about how tough Giuliani was going to make it for them to continue getting contracts through these phony companies," an investigator said.
The indictment also said the defendants cheated their employees, mainly immigrants from Poland and El Salvador, of $1 million by not paying them the wages required.
Joseph DiNapoli, 59, was described in the indictment as a capo, or captain, in the Lucchese crime family, and Louis DiNapoli, 56, was listed as a soldier in the Genovese family. Law-enforcement officials said members of different Mafia families often cooperate and share profits.
In two cases, Joseph DiNapoli was indicted on May 3 on Federal charges of insurance fraud, and he is awaiting sentencing on a Federal conviction for loansharking.
Another brother, Vincent DiNapoli, was convicted of two Federal racketeering charges in the 1980's and was then described by prosecutors as the construction industry overseer for the Genovese family.
Joseph and Louis DiNapoli and the 10 co-defendants were each charged yesterday with participating in a racketeering enterprise under the state's Organized Crime Control Act. Each defendant faces up to 25 years in prison if convicted, but lawyers said that it was unlikely that most of the defendants, who have no criminal convictions, would receive the maximum sentence.
All of the defendants pleaded not guilty at hearings yesterday in State Supreme Court in Manhattan. Louis DiNapoli was released on $2 million bail and the others were released on bails of $50,000 or less.
The inquiry was started by Mr. Morgenthau's office two years ago as a spinoff from a labor racketeering investigation concerning the owners of the De-Con Mechanical Contractors Company in the Bronx. During the De-Con case, investigators overheard on court-authorized telephone taps conversations about the sham minority-owned companies, officials said.
Daniel Castleman, chief of Mr. Morgenthau's investigation division, said that the scheme began in 1987 with the incorporation of the Asbestos Carting Corporation at 315 Casanova Street in the South Bronx. Peter Velasquez, 40, of New Rochelle, was falsely listed as the company's president and owner, the indictment charged.
Working mainly as a subcontractor, Asbestos Carting got $3 million in city and state projects.
According to the indictment, Asbestos Carting was so successful that the DiNapoli brothers organized P & T Excavation Corporation and Precision Abatement Corporation, both at 1821 Mahan Avenue in the South Bronx. The indictment said that Marguerite Trombetta, 37, of the Bronx was installed as the false owner of the P & T company and Sterling Crockett, 33, of Bayside, Queens, as the fake head of the Precision Company.
Mr. Castleman said that the three companies filed fraudulent documents to obtain certification as minority-run companies. The indictment charged that the false filings were aided by two lawyers, Robert Fardella of Smithtown, L.I., and Leonard Angelo of Yonkers, and an accountant, Martin Cohen, of Great Neck, L.I.
The asbestos containment and removal jobs included work at Bellevue Hospital Center and Metropolitan Hospital Center in Manhattan and Goldwater Memorial and Coler Memorial Hospitals on Roosevelt Island; the Brighton Beach subway line and P.S. 165 in Manhattan, P.S. 169 in Queens and P.S. 61 and 102 in the Bronx. The P & T company also was an excavation subcontractor at P.S. 30 in Manhattan and at P.S. 95 in the Bronx.
12 Charged in Minority Businesses Scheme
By SELWYN RAAB
Published: May 19, 1995
http://www.nytimes.com/1995/05/19/nyregion/12-charged-in-minority-businesses-scheme.html
Two brothers identified by prosecutors as Mafia members were accused yesterday of illegally obtaining $5 million in asbestos-removal and construction contracts from New York City and state agencies that were intended for minority-owned companies.
The brothers, Joseph and Louis DiNapoli of Scarsdale, were arrested after an indictment was unsealed in Manhattan charging them with creating three front companies in a racketeering scheme that fraudulently obtained more than a dozen contracts since 1987 for work in the schools, hospitals and subways.
The indictment by a state grand jury also accused 10 other people of conspiring with the DiNapoli brothers to establish and run the companies and to misrepresent the firms as being owned by a black man, a Hispanic man and a woman. After being certified by state and city agencies as minority business enterprises, the companies were eligible for contracts even if their bids were as much as 10 percent higher than the lowest bid.
"This is one of largest cases ever developed of an organized crime group stealing benefits that should have gone to minorities and women," Robert M. Morgenthau, the Manhattan District Attorney, said in announcing the indictment.
Programs intended to increase the number of contracts for companies owned by women and minorities have been used by many levels of government nationwide for two decades. But their efforts have been plagued by abuses, including allegations that many companies benefiting from the programs are controlled by white businessmen.
In 1984, the State Commission of Investigation called the state's program a failure, and the Dinkins administration's efforts to steer more contracts to women or minorities were marred by the use of companies that appeared to be linked to white businessmen. Under the Dinkins administration, the city had a goal of awarding 20 percent of the value of all contracts to companies owned by black, Hispanic, Asian, and American Indian people and women.
In the latest case, Mr. Morgenthau emphasized that there was no evidence that the companies did poor work, mainly the sealing or removal of asbestos.
At the news conference, William J. Bratton, the city's Police Commissioner, said, "This is a vivid reminder how organized crime is literally into everything in this town."
Investigators from the Manhattan District Attorney's office said that two conspirators, whom they declined to identify, were overheard on a wiretap last year complaining that Mayor Rudolph W. Giuliani had changed city policies, making it more difficult for minority-run companies to obtain contracts.
"They were actually griping about how tough Giuliani was going to make it for them to continue getting contracts through these phony companies," an investigator said.
The indictment also said the defendants cheated their employees, mainly immigrants from Poland and El Salvador, of $1 million by not paying them the wages required.
Joseph DiNapoli, 59, was described in the indictment as a capo, or captain, in the Lucchese crime family, and Louis DiNapoli, 56, was listed as a soldier in the Genovese family. Law-enforcement officials said members of different Mafia families often cooperate and share profits.
In two cases, Joseph DiNapoli was indicted on May 3 on Federal charges of insurance fraud, and he is awaiting sentencing on a Federal conviction for loansharking.
Another brother, Vincent DiNapoli, was convicted of two Federal racketeering charges in the 1980's and was then described by prosecutors as the construction industry overseer for the Genovese family.
Joseph and Louis DiNapoli and the 10 co-defendants were each charged yesterday with participating in a racketeering enterprise under the state's Organized Crime Control Act. Each defendant faces up to 25 years in prison if convicted, but lawyers said that it was unlikely that most of the defendants, who have no criminal convictions, would receive the maximum sentence.
All of the defendants pleaded not guilty at hearings yesterday in State Supreme Court in Manhattan. Louis DiNapoli was released on $2 million bail and the others were released on bails of $50,000 or less.
The inquiry was started by Mr. Morgenthau's office two years ago as a spinoff from a labor racketeering investigation concerning the owners of the De-Con Mechanical Contractors Company in the Bronx. During the De-Con case, investigators overheard on court-authorized telephone taps conversations about the sham minority-owned companies, officials said.
Daniel Castleman, chief of Mr. Morgenthau's investigation division, said that the scheme began in 1987 with the incorporation of the Asbestos Carting Corporation at 315 Casanova Street in the South Bronx. Peter Velasquez, 40, of New Rochelle, was falsely listed as the company's president and owner, the indictment charged.
Working mainly as a subcontractor, Asbestos Carting got $3 million in city and state projects.
According to the indictment, Asbestos Carting was so successful that the DiNapoli brothers organized P & T Excavation Corporation and Precision Abatement Corporation, both at 1821 Mahan Avenue in the South Bronx. The indictment said that Marguerite Trombetta, 37, of the Bronx was installed as the false owner of the P & T company and Sterling Crockett, 33, of Bayside, Queens, as the fake head of the Precision Company.
Mr. Castleman said that the three companies filed fraudulent documents to obtain certification as minority-run companies. The indictment charged that the false filings were aided by two lawyers, Robert Fardella of Smithtown, L.I., and Leonard Angelo of Yonkers, and an accountant, Martin Cohen, of Great Neck, L.I.
The asbestos containment and removal jobs included work at Bellevue Hospital Center and Metropolitan Hospital Center in Manhattan and Goldwater Memorial and Coler Memorial Hospitals on Roosevelt Island; the Brighton Beach subway line and P.S. 165 in Manhattan, P.S. 169 in Queens and P.S. 61 and 102 in the Bronx. The P & T company also was an excavation subcontractor at P.S. 30 in Manhattan and at P.S. 95 in the Bronx.