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Karma comes knockin' for Angel... 😁
For all those duped by "Angel" Stanz...
https://privatejetcardcomparisons.com/2023/08/23/jet-genius-charter-flight-group-partner-refiles-lawsuit-against-jordan-brown/
The lawsuit alleges that unpaid Federal Excise Tax “ballooned to more than $5 million.”
It notes, “On December 2, 2019, (Stanz) attended a call with Brown and (former partner) Wolf, amongst several others. On the call, staff confirmed that JGH’s outstanding FET liability was approximately $2.5 million. Brown stated that he had established a fund to pay the FET, but it only had $50,000 in it. Brown did not and would not explain where the rest of the money went.”
However, “In June of 2021, the IRS escalated pressure against JGH for its unpaid FET. IRS agents contacted the original JGH shareholders, Brown, Plaintiff, and Wolf, and stated that JGH had an outstanding FET liability of over $5 million. Plaintiff worried that the IRS would attempt to collect this amount from the shareholders personally.
Stanz says he “was personally assessed a trust fund recovery penalty of $1.3 million” from the IRS.
The lawsuit also asserts, “Brown has made $1.9 million in distributions of JGH funds to himself while only distributing $23,000 to the other JGH shareholders in wild disproportion to shares held by the shareholders of JGH.”
Stanz continues to be a shareholder in Jet Genius Holdings, according to the filing.
Angel Stanz history
For his part, Stanz has had his own legal issues in the past.
In May 2018, Stanz was charged by the SEC with defrauding investors by making exaggerated and misleading claims about the medical marijuana company’s business operations and financial condition.
The case was settled without Stanz admitting or denying the SEC’s allegations.
In 2009, Stanz was cited by the Attorney General of Illinois for “alleged phone cramming operations..that placed unauthorized charges on the phone bills of thousands of Illinois consumers, small businesses and local governments.”
As part of the settlement, Stanz agreed to cease participating in the alleged deceptive practices.
Not me, that's for sure.
AFAIK, Angel Stanz, Sal Tuzzolino, and Taylor Moffitt still own the VAST majority of the 60+BILLION SHARES outstanding.
Of course 60 Billion times nuttin' is still nuttin'.
Angel Stanz sues JetGenius for $125MM+!
Y'can't make this stuff up_
In The Case of Crook v Crooks
"Charter Flight Group partner alleges fraud, unpaid taxes in lawsuit"
https://privatejetcardcomparisons.com/2022/08/11/charter-flight-group-partner-alleges-fraud-unpaid-taxes-in-lawsuit/
Favorite quote from the article linked above-
However, Stanz, who serves as Chief Technology Officer, has twice settled previous fraud allegations by the government against him and the companies he was running.
In May 2018, Stanz was charged by the SEC with defrauding investors by making exaggerated and misleading claims about the medical marijuana company’s business operations and financial condition. The case was settled without Stanz admitting or denying the SEC’s allegations
In 2009, Stanz was cited by the Attorney General of Illinois for “alleged phone cramming operations..that placed unauthorized charges on the phone bills of thousands of Illinois consumers, small businesses and local governments.” As part of the settlement, Stanz agreed to cease participating in the alleged deceptive practices.
Stanz says it is those brushes with the law that led him to file the lawsuit again Brown.
He tells Private Jet Card Comparisons, “I learned a valuable lesson to be mindful of regulations. It’s because of these lessons I knew I couldn’t sit idly by. I have a duty to report these things. At whatever expense this comes to me, I have an obligation to represent the company in the best light.”
Still don't understand (understanz?) why RIGH wasn't de-listed in the last wave.
Got it now. Y'gotta scroll down to see...
the "Intro to RIGH."
Can't see "Board Intro" anymore?
Anyone else experiencing this?
TIA
Yup. Still steady.
More like "amazing it's still here."
There's no life on da moon so... yeah!
It does seem that interest is waning...
Remember Taylor Moffitt of Halydean?
Ho was of a co-runner of Angel Stanz's scam with RIGH (BudGenius).
Looks like he was running other scams at the same time (in 2016) and in 2020 the State of Washington caught up with him:
https://dfi.wa.gov/sites/default/files/documents/securities-orders/S-19-2736-20-FO01.pdf
It's just a shame that the fines and sanctions imposed on him are a pittance and a tiny fraction of what he duped investors out of.
Dirtbag.
I think he's been delisted. Or should be.
Maybe it's still "Taxiing Into Position" for de-listing.
https://angelstanz.wordpress.com/2014/02/13/taxiing-into-position/
Or this year...
If anyone needs a tax loss this year...
My broker shows a 20MM share Bid at .0002.
May be a sham, but worth a try.
Happy New Year, all.
Yet? It's over. Time to go home.
Nope. No change. And none expected.
Surprising RIGH has avoided IHSI's fate...
They're both non-reporting for the requisite duration.
Maybe the prior FRAUD charges complicated things?
Dunno. Any guesses?
Also note: "Intelligent Highway Solutions, Inc. (fka IHSI)"
on the IHUB board name.
(fka = "formerly known as")
Good catch, Renee. Thanks.
https://www.sec.gov/litigation/admin/2021/34-93385.pdf
In pertinent part:
It's over. I'm hoping for the best for Devon Jones.
I suspect he was roped into this by David Singer.
Devon's not totally innocent, but not a complete con man either.
JMHO, of course.
It's more than a phase... It's over.
Understanding the September 28 Amended Rule 15c2-11
https://www.securitieslawyer101.com/2021/what-you-need-to-know-as-the-september-28-amended-rule-15c2-11-date-approaches/
"On the runway! Taxiing into position!"
https://angelstanz.wordpress.com/2014/02/13/taxiing-into-position/
Shakin' muh head...
These actions don't involve IHSI.
Can't say they weren't warned...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161242741
Each Mod can only put up one sticky.
A Mod can only remove the one sticky he/she has personally put up.
Once a person is no longer a Mod, IHUB automatically removes any sticky he/she previously put up.
No funny business here.
RIGH on SEC Restricted Securities list...
...as per TD Ameritrade:
SEC Rule 15c2-11 Restricted Securities
"On September 28, 2021, new amendments to Rule 15c-211 under the Securities Exchange Act of 1934 go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made
required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, TD Ameritrade will only accept orders to liquidate positions (i.e. no new buy orders) starting in mid-August 2021. Please note: After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited."
Worse. There was never any ship.
Nice to see SEC cracking down...
Bottom line is it will become difficult, if not impossible, to buy any listed Security like IHSI, and maybe even difficult to liquidate it.
TD and other brokers will usually still liquidate at close to zero for a fee just so you can take the tax loss.
Here's some more info:
https://www.wyrick.com/news-insights/sec-adopts-amendments-to-rule-15c2-11-most-provisions-effective-september-26-2021
See the "practical takeaways" section.
TCA Fund Receivership link:
Cover page:
https://tcafundreceivership.com/
"Fifth Quarter" (?) report:
https://tcafundreceivership.com/docs/RecFifthQuartStatRep.pdf
IHSI non-news is on bottom of Page 47.
Won't matter. Nothing good can come of it.
It was inevitable.
The "let it go" part is right. jmho
Hope the 4's were freebies... jus' sayin'
Good move, sdcasper.
zzzzzzz....
Possible reason you unexpectedly own RIGH...
Perhaps you previously owned one of these earlier scams:
Formerly=Potential Holdings, Inc. until 8-2009
Formerly=Axiom Management, Inc. until 7-07
Formerly=Green Power Energy Holdings Corp. until 6-07
Formerly=Dr. Owl Online, Inc. until 5-03. State of Incorporation Texas changed to Delaware concurrent with name change.
As for "Any hope for this bad boy?"
No.