SEC' Maher needs to keep up the great job he and others have started!

e-smart was newco out of Boppers Holdings in 2000- We realize there is statute of limitation but there must have been an audit of prior books of 2006 since e-smart was forced to file.

How much has been raised since then and now?
Where did it ALL GO?
Is there a big piggy bank somewhere?

Mary Grace has ruined lives and she needs to be held accountable since inception and not just a few years.

http://www.law360.com/articles/642444/judge-coaxes-sec-to-toss-final-claim-against-e-smart-ceo

In February, while handing the SEC a victory on two counts against Grace for allegedly failing to file ownership statements and aiding in the company’s allegedly lackluster reporting system, Judge Boasberg said the court could not conclude after a “lengthy and contentious” discovery period that Grace knowingly certified SEC filings containing misleading information about e-Smart’s internal controls and omitted information about her personal expenses in violation of Rule 13a-14.

SEC Secures Victory on Fraud Allegations Against Technology Executive

http://bit.ly/1Dul5as

Although the results do not cure any of the hard earned money and possibly life savings lost by investors that were duped, it does provide in a small measure, their day in court.

Does anyone know how the next phase of this works?
When does accounting come in for all the money invested?
What happens to Grace and Saito next?

Earlier;March 30,2015

http://bit.ly/1Dulw4F

JAMES E. BOASBERG, District Judge.
This long-running case features a civil-enforcement action brought by the Securities and Exchange Commission, alleging that e-Smart Technologies, Inc., a public company, was a sham. While it purported to be at the cutting edge of developing and manufacturing a biometric "smart" card, such claims, according to the Commission, were pie in the sky. In fact, pro se Defendants Mary Grace (the company's CEO) and Tamio Saito (its Chief Technology Officer) repeatedly misrepresented the cards' capabilities to investors. This Court, having granted summary judgment to the SEC on most of its claims against Grace, turns now to its allegations concerning Saito.

The Commission moves for summary judgment on both counts asserted against him — namely, that (1) he violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 by making material misrepresentations in connection with the sale of securities, and that (2) he violated Section 16(a) of the Act by failing to file required ownership statements. Saito both opposes and cross-moves for summary judgment on these claims. Resolution of these motions, in turn, requires the Court to rule on the parties' dueling independent motions to exclude the others' expert reports. Having waded through the extensive submissions — including Saito's, which are particularly resistant to sensible interpretation — the Court ultimately believes that the SEC has proven its case. It will thus grant the Commission's Motion for Summary Judgment and deny Saito's.

Kelley Patricia O'Meara bad news

No doubt Ms. O'Meara wishes she NEVER met Mary Grace and worse yet, her so-called investigative reporter status should be should be dropped to bottom of pile of reporters since she is author of this baseless and mostly fabricated July 2003 article in the 'Washington Times Insight On The News" article;

http://www.e-smart.com/press/press7_21_03.html

There are numerous lies by Grace and then parroted by O'Meara, which most were statements were simply fabricated and GRACE DID NOT PREVAIL IN HER BILLION DOLLAR lawsuit, which was never put in company filings or PR. How did Grace's attorney NOT KNOW the technology did not work?

The technology NEVER WAS DEMONSTRATED IN MEETINGS mentioned, the card was simply a 'Mock Up' of what was to be 10,000 cards in a few weeks. No system nor operating program was EVER shown, just a piece of plastic card that did NOTHING!

The US Post office had every right and reason to go after Grace in 2002-03 and unfortunately for the investors who poored millions into a SCAM company after this and as quoted in March 2015 motion by the SEC, 'Pie in the sky"

http://www.courthousenews.com/2015/03/31/E%20SMART.pdf

It is incredulous that according to SEC filings Mary Grace took company funds to spend over $1,114,243 on HOTELS! $409,038 on retail purchases, $356,917 on travel expenses, $300k+ on family, CASH OF $397,501 from cash pulls AND THE LIST GOES on and on!

She had wires sent to her personal accounts of $1,371,456.

So, which investors knew upfront when they purchased this SCAM stock were told that MG would be allowed to do this and where in public filings were these expenses noted?

I am sure we will all see more given the millions investors put into this scam that started over a decade ago.

Saito Get's his bad news

http://www.courthousenews.com/2015/03/31/E%20SMART.pdf

"
MEMORANDUM OPINION
This long-running case features a civil-enforcement action brought by the Securities and
Exchange Commission, alleging that e-Smart Technologies, Inc., a public company, was a sham.
While it purported to be at the cutting edge of developing and manufacturing a biometric “smart”
card, such claims, according to the Commission, were pie in the sky. In fact, pro se Defendants
Mary Grace (the company’s CEO) and Tamio Saito (its Chief Technology Officer) repeatedly
misrepresented the cards’ capabilities to investors. "

Here is company Mary Grace was presented as competition in 2001 that had patents still in existence for same product with a patent. At the time, who cared about NFC that was not put in place until years later and nearly no merchant uses!

This Fingerprints.com company is selling 'MILLIONS' of dollars worth of their product as they actually had it working in 2001 and prior and now companies around the globe are purchasing.

http://www.prnewswire.co.uk/news-releases/fpc-receives-touch-fingerprint-sensor-order-of-90-msek-497383741.html

Go look at Fingerprint.com's website and look at bottom for smart card with biometric fingerprint- they had patent but expired years ago so what does that say for Mary Grace and e-Smart?

http://www.fingerprints.com/


There are numerous govt entities that were notified but Grace got away with her lies. Amazing over a decade later she could not produce card for SEC or courts. SCAM

So..............

When does Mary Grace and Saito go to prison for stealing everyone's hard earned money?

Anyone have news?

Miffed; suggest you research Kelly O’Meara and further reconsider your comment about her. Years earlier, she was “Investigative Reporter for Washington Post” in which she presented article and picture with insert about “multi-billion dollar deal” ESMT and Mary Grace completed with China in 2000.

Somehow, I cannot see anyone investing billions of dollars without an example of “The Super Smart Card”. It is amazing how O’Meara has not been called into question about her article. I guess reporters can write whatever they want regardless how unfounded.

Later, somewhere around 2006 she is media consultant for Mary Grace? How did this work?

Your comment;

“Accordng to my sources, this Kelly O’Meara won the suit against e-Smart and there is no appeal.”

Somehow, I do not believe after Mary Grace there are not further exposures to be noticed

Mary Grace is nearing the end of her “Civil Suit” and hopefully the criminal case quickly follows.

obviously does not repay the hard earned money invested but hopefully having Grace spend a long prison term helps salve some of the investor wounds.

uma8, you were spot on