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Legit? Are you kidding? That firm has been in more scams than any other firm involved in penny stocks. Complete criminal enterprise and there is only one reason why they haven't shut down.
Useful. Thank you.
The most interesting thing about the Section 3(a)(10) exemption is the number of people indicted.
The same lawyers are always involved while investors get robbed.
Anyone with updates on FSPM please post or send me a private message.
He uses the name "Stig Astrom"
Richard Stig Astrom
rsa_nyc@me.com
Tel: 786 236 6434
Investors Do Not Buy This William David Jones Scam.
$40 million in unpaid investor losses while setting up marks for the FBI. William David Jones is a "key consultant" for KAYS. Jones' daughter operated her law firm from the KAYS office that investors paid for.
Stay Away From KAYS garbage and don't expect the Miami SEC or DOJ to protect investors. Look how well that worked out for the victims of Bermuda Short. Investors lost but look how many DOJ careers were made from this corrupt sting including the current director of the Miami SEC.
I wonder how many of Jones' victims lost their children's college tuition in his scams that the Miami SEC and DOJ overlooked.
No doubt they would be shocked to see Jones' involvement in KAYS.
Investors Do Not Buy This William David Jones Scam.
$40 million in unpaid investor losses while setting up marks for the FBI.
Stay Away From KAYS garbage.
And either Tom Seabrook should be more careful of who does business with or he is like Cortez and Fernandez.
It doesn't erase the "dirt" behind this scam.
Speaking of Richard Astrom - And Laura Anthony
https://investorshub.advfn.com/boards/replies.aspx?msg=138090406
Speaking of Richard Astrom - And Laura Anthony- Great Research by No Dummy
https://investorshub.advfn.com/boards/replies.aspx?msg=138090406
Interesting you are calling out to Kenneth Harmon since he is no longer involved in the case and no longer an AUSA.
Apparently, there are lots of sealed documents in the government's case against Jean-Pierre.
Jean-Pierre's lawyer resigns in a hearing closed to the FBI Agent and AUSA. Now the AUSA is out of the case. Anyone care to speculate what is going?
It seems as if those involved in the case are hopscotching.
HOPSCOTCH DEFINED-NORTH AMERICAN VERB- skip from place to place; move erratically.
Anyone know what role William Haynes aka Bill Haynes has with LINU?
He has quite the penny stock pedigree.
Just another example of how the regulators are asleep at the wheel particularly in Colorado...
The Beauty of Hindsight...
"They cannot keep up this fake this investigations forever..Tick-tock"
Apparently there were issues in this case from early on and the government was grasping at straws to justify the SEC trading suspension which is why shareholders lost their investment in FSPM. Next up boys and girls, we will do the math of the share proceeds from public sales to investors (the real scammers who sold their shares to victims yet remain uncharged) and the revenues based upon the amounts provided in the SEC's own pleadings.
If the AUSA for the Southern District of New York - Preet Bhararas o was on to Guy Jean Pierre since 2012, they would have charged him. The Southern District of New York would not have taken a backseat to these trumped up charges in Colorado.
If Jean Pierre really forged over 100 opinions freeing up billions of shares of stock, how could they allow 5 years to go by and not charge him until after the statute of limitations had expired?
It just doesn't add up. The Southern District of NY was on to Jean Pierre in 2012 but he was not charged until 2017 in Colorado??
FINRA and the SEC shut down Jean Pierre and the brokerage firms that took Jean Pierre's opinions but the DOJ waited 5 years to catch on?
How is it possible Jean Pierre was disbarred 5 years before the Colorado DOJ caught on and charged him with the forgery of over 100 opinions?
Then there are the relationships between the AUSA in Colorado and the Miami FBI where Jean Pierre practiced law?
ANYONE HAVE A DORMANT CUSTODIANSHIP SHELL???
The link doesn't work. Do you have a link that works?
Your post is interesting particularly in light of the fact that Guy Jean-Pierre did not do any of the legal opinions. As I have said repeatedly, look beyond what the government is telling you in the FSPM case. The legal opinions speak for themselves.
I find it hard to believe that Steven has had indictments as you were informed. Does anyone have a link?
I find that hard to believe with the number of posts on ihub about him. I would think someone would have posted it. If you have a link please post it.
I find that hard to believe with the number of posts on ihub about him. I would think someone would have posted it. If you have a link please post it.
Anyone seeking information about Robert Stevens please send me a private email.
Thumbs up to you, Jayyy for exposing ROTH.
All the red flags were there...Laura Anthony Ticker...one of more than 200 penny stock tickers that were scams.
How much more due diligence is needed.
It becomes gambling at this point.
What proof do you have of that other than what is in the indictment which is just an allegation by a biased AUSA who was the supervisor of the lawyer previously working at the DOJ who did the opinions that freed up most if not all the shares mentioned in the FSPM indictment. Take a good look at his other clients like AZFL and other dead tickers who are robbing investors. This isn't rocket science.
The FSPM lawyer did hundreds of opinions for multiple scam penny stocks - how many indictments does it take for you to connect the dots.
You might have a different perspective when you have all the information.
Could it really be a coincidence that the lawyer who freed up all the shares (that the government claimed robbed investors) worked for the AUSA in the case?? Wake up and Smell the Corruption.
Anyone got a shell?? LOL
Anyone know what this is about? It appears there are issues in the prosecution of at least one defendant in the FSPM case:
"The court anticipates and will give serious consideration to 1) an ends of justice motion by new counsel..."
https://www.docdroid.net/CNYI8jI/jean-pierre-order.pdf
Interesting pleadings in the case. The AUSA references 2 FBI agents. Anyone know if FBI Agent Number 2 was a lawyer who gave FSPM legal advice?
Troubling story here. You have a defendant who violates a technical crime under advise of counsel. The average person would defer to counsel then it turns out that a COMPLICIT FBI Agent uses the lawyer who provided "advise of counsel"????
When the lawyer who advises a company that their conduct is legal turns out to be working for the FBI something is more than wrong.
The AUSA and FBI agent belong behind bars.
At the end of the day KAYS does not have an audit that passes PCAOB requirements and the Company is losing money.
Even their employees are filing actions against them. They concealed the criminal track record of their "key consultant" and even had his daughter's law firm operating from KAYS address.
Just one more set up where the criminals get rewarded for setting up the trusting and naive who buy into this scam.
Take a look at the law firm that defended KAYS and you will find one of the AUSA's who gave Jones a free pass. A fact investors would like to know before buying into this garbage.
Yes they have but apparently there are other defendants in addition to Sears and Dittman.
And the myriad of criminals involved with this ticker whose involvement has not been properly disclosed to investors.
Anyone know if Adam Tracy was a lawyer for AZFL? My research reveals a connection to AZFL.
I would tend to disagree. There is a pattern here with the dormant shells like INOH. Just look at how many issuers - promoters involved with the shell hijackers have been indicted. BJ Gallison might have an opinion on the crew behind INOH.
It will eventually unravel ... the real scammers will be exposed. They always are. They can't hide forever.
This has an interesting history. If you look at the SEC filings and Sarasota Court Records you will find that this is another hijacked Laura and Michael Anthony shell.
Carey Leary, Laura Anthony's "law firm" assistant even made the secretary of state filings.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C1220%5C06175200.Tif&documentNumber=H89945
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2008%5C0903%5C34949582.Tif&documentNumber=H89945
The shell was dormant for years. Then a bogus custodianship action was filed in Sarasota by Michael Anthony through his corporate ego Century Capital Partners - Note Legal & Compliance's address for the entity.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=CENTURYCAPITALPARTNERS%20L010000077980&aggregateId=flal-l01000007798-bd0707cf-e3ad-4a48-bcdf-3d097dfc6506&searchTerm=century%20capital&listNameOrder=CENTURYCAPITAL%204061310
After the hijacking was pulled off, they changed the company's domicile to Delaware most likely to hide the hijacking.
I spent a couple minutes looking at INOH today. History repeats itself when it comes to dormant hijacked tickers. INOH was one of many tickers illegally taken over by Michael and Laura Anthony. Connecting the dots I find a long list of Colorado tickers with the same bad actors who mysteriously do not get charged by the DOJ despite their egregious crimes.
While Goldberg may control the shell he didn't hijack it. He purchased it from a lawyer who holds itself out as an expert in Securities law (without disclosing material information). Laura and Michael Anthony are the hijackers and they used an Colorado entity known as Corporate Services International to file bogus custodianship actions. Unfortunately for investors and companies going public, the Colorado DOJ turns a blind eye. I wonder how the state court judges (in the bogus receivership actions in Colorado) would feel about their state court orders being used to scam investors and rob small companies.
What is really interesting is that INOH was one of approximately 20 regurgitated tickers taken over by Corporate Services International (Colorado) which are still quoted by the OTC Markets.
It will be interesting to see who appears in those shells. More to be posted on the other shells shortly.
WHO IS CORPORATE SERVICES INTERNATIONAL?
https://www.sos.state.co.us/biz/ViewImage.do?fileId=20071444241&masterFileId=20061392514
VLBI was just another Laura Anthony aka Laura Arnoff aka Michael Anthony aka Michael Pollaccia - Big Apple shell used by the FBI to set up market participants.
https://www.securitieslawyer101.com/2014/receivership-shell/
The DOJ should investigate the jokers at the DOJ and SEC in Miami who abuse their positions - what a slap on the face of investors.
What they omit from this release is that the attorneys for the defendants advised them that their conduct was legal. AND THE AUSA'S HAD BIG GROUP HUGS WITH THE OTHER TEAM.
Sound familiar? Old habits ...
TALK about the wolf guarding the hen house...Our tax payer dollars being spent...
https://www.bizjournals.com/southflorida/stories/2004/08/09/story2.html
Fraud Lauderdale and Boca "Boiler Room" Raton are just a few of the names coined for a region infamous for investor scams.
There's a constant problem with white-collar crime in South Florida, said Mark Mathosian, who is in charge of the financial investigative unit in South Florida for the Florida Department of Financial Services.
"The reason the crooks are here is the same reason you and I are here: the sunshine, the beaches and the money. It's the land of milk and honey. All their dreams are gonna come true. It just doesn't happen," he said.
What is happening is a surge of securities fraud headlines.
Last Halloween's conviction of fraud artist Paul Johnson of Link Express showed state, local and federal law enforcement they could cooperate to step up their level of pursuit. Dozens of criminal and civil actions have been filed in recent months.
Mortgage and securities fraud, particularly private placement scams, are the hot crimes being monitored and prosecuted, according to the Florida Department of Law Enforcement and the Florida Department of Financial Services.
Johnson was convicted of bilking more than 400 investors out of nearly $19 million by using private placements. The U.S. attorney's office teamed up with the Florida Department of Law Enforcement, SEC, IRS and Florida Department of Regulation, ultimately resulting in a guilty verdict that sent the Canadian entrepreneur to jail for 20 years.
"In essence, corporate fraud and securities fraud are one and the same," said Eric Bustillo, deputy chief of the economic crimes unit at the U.S. attorney's office in Miami, whose lawyers in the unit he supervises are currently prosecuting three former senior executives at Hamilton Bancorp in an alleged accounting fraud scheme.
Some of the cases reaching fruition now go back to 2001, when the U.S attorney's office launched a securities fraud initiative using a number of federal agencies with the help of the National Association of Securities Dealers' criminal prosecution assistance group.
At the end of the summer of 2002, Bustillo's office completed a two-year undercover operation known as Operation Bermuda Short, charging more than 50 individuals (some from South Florida) in 23 separate cases. Most of those defendants were charged with violations of the federal securities laws.
Most recently, a defendant charged in conjunction with Bermuda Short pleaded guilty to that case and a second case that had been charged on July 13.
"Last week was a very busy week," Bustillo said. Another guilty plea was garnered in a mutual fund market timing and late trading violations case, "the first ever to have pleaded guilty to these crimes nationwide."
The SEC often appoints special prosecutors to assist in the criminal cases while pursuing civil actions, Bustillo said.
"We are seeing more [fraud] in unregistered securities," said Mathosian, something that is allowed under Regulation D in the Securities Act of 1933. "With the legal exemptions, they [con artists] don't have to go through the government red tape to raise the money. "
One sales pitch is that no money will be used toward commissions, but investors fail to look at documents stating 90 percent is used for commissions.
"It's hard to say it wasn't [disclosed] when you signed the document that stated clearly that it is," Mathosian said.
"The burden of protecting your assets falls on you," he said, noting the same South Florida residents who cut coupons at Publix will fork over their entire retirement savings to an unknown entity promising big returns on an investment.
Ask hard questions, Mathosian suggested, such as whether the principals are registered, have ever filed bankruptcy, were ever sued or served time in prison. The more you ask, the less likely you'll be perceived "as an easy mark," he said.
Bustillo said federal and state agencies will continue their aggressive efforts.
"From a broker to a big executive, if you cross the line and violate the law, there will be severe consequences," he said. "Our collaborative efforts are yielding substantial results. Hopefully, the message is going out there that, chances are, you are going to get caught."
E-mail Senior Reporter John T. Fakler at jfakler@bizjournals.com.
https://www.bizjournals.com/southflorida/news/2011/06/30/task-force-penny-stock-crackdown.html?page=2
Government agencies in South Florida are continuing a crackdown against penny stock promoters with undercover work that resulted in a flurry of conspiracy charges and an SEC action on Thursday.
Those charged live in Coconut Creek, California, Colorado, Texas and Nevada – an indication of the broad geographic reach of the multi-agency effort.
Eric Bustillo, the SEC's regional director in Miami, said agencies are combining their limited resources to fight fraud.LOLLLLLL
Eric Bustillo, the SEC's regional director in Miami, said agencies are combining their efforts.
The investigation is targeting what Eric Bustillo, director of the SEC’s Miami regional office, calls the "securities fraud underworld. Unfortunately, it has many of the players located down here." AND WHICH WORK FOR THE DOJ!!!! LOL
In a telephone interview, Bustillo said investigators follow the trail of evidence as it unfolds.
It's not unusual for promoters and consultants to reach out to others for help raising money or fraudulently manipulating the price of stock, he said.
Historically, penny stock cases often involve promoters and telephone sales boiler rooms that make inflated claims. Cases are getting new twists these days through the use of websites and social media.
Most of the schemes listed Thursday involved kickbacks to a purportedly corrupt pension fund trustee in exchange for having the fund buy stock in microcap companies, the SEC said in a news release.
Another scheme involved a bribe that was to be paid to a purportedly corrupt broker who agreed to buy microcap shares on behalf of investors with discretionary accounts, the SEC said.
A final scheme involved a stock promoter who created a website to tout a penny stock company through a volley of e-mail blasts, and who posted phony testimonials from fake investors, the SEC said.
What the insiders and promoters did not know was that the people who were counterparties to the illegal transactions were actually undercover FBI agents or confidential sources participating in an undercover operation, the SEC said.
The latest charges follow a series of cases, filed in October and December 2010, in which the SEC sued more than a dozen companies and penny stock promoters with similar stock manipulation schemes.
On Thursday, Brian Gibson, 63, of Coconut Creek, was charged with one count of conspiracy to commit securities fraud in connection with a scheme to defraud the investing public by engaging in deceptive and manipulative trading practices in connection with Xtreme Motorsports International stock, according to a news release from Wifredo A. Ferrer, U.S. attorney for the Southern District of Florida, and John V. Gillies, special agent in charge for the FBI in Miami.
Gibson was a marketing consultant for Xtreme Motorsports International who conspired with others to create a promotional website that encouraged investor interest in the company, the U.S. attorney’s press release said.
The website contained false and fraudulent statements, including false testimonials, the U.S. attorney said. Gibson faces up to five years in prison, three years of supervised release and substantial monetary fines, as do the others charged, according to the U.S. attorney:
Donald W. Klein, 40, of Frisco, Texas, who faces a count of conspiracy to commit securities fraud by engaging in deceptive and manipulative trading practices in connection with KCM Holdings, of which he was president and CEO. Klein is charged with engaging in a “pay-to-play” scheme to cause a stockbroker to purchase company stock in return for a kickback payment.
Douglas Newton, 66, of Rancho Mirage, Calif., who was charged with one count of conspiracy to commit securities fraud in connection with a scheme to defraud the investing public by engaging in deceptive and manipulative trading practices in connection with Real American Brands, of which he was president. Newton is charged with engaging in a “pay-to-play” scheme to cause a pension fund fiduciary to purchase shares in return for a kickback.
Charles Fuentes, 66, of Dana Point, Calif., and Thomas Schroepfer, 54, of Las Vegas, who were charged with one count of conspiracy to commit securities fraud in connection with a scheme to defraud the investing public by engaging in deceptive and manipulative trading practices in connection with Smoke Free Innotec Inc. stock. Fuentes was a consultant and Schroepfer was the president. Fuentes and Schroepfer are charged with engaging in a “pay-to-play” scheme to cause a pension fund fiduciary to purchase shares in return for a kickback.
Ferrer said the case show the risks associated with thinly traded microcap stocks.
"The defendants charged today abused their knowledge of the capital markets hoping to misappropriate money held in pension fund and brokerage accounts to enrich themselves and their co-conspirators,” he said in a news release.
“Investors deserve better than secret investment strategies based on kickbacks and bribes,” said Robert Khuzami, director of the SEC’s Division of Enforcement, in a news release. “As our charges make clear, these CEOs got more than they bargained for, but exactly what they deserved, for making illicit payments to manipulate microcap stocks.”
Bustillo said the federal agencies are combining their limited resources to bring the microcap cases, and more are likely down the road.
This is interesting - National Waste Management Holdings and a few other tickers.
http://www.johnschapman.com/fraud-alert/boiler-room-alleged-stock-manipulation
The charges include conspiracy to commit securities fraud, conspiracy to commit wire fraud, conspiracy to commit money laundering, and substantive securities fraud in connection with the stock manipulation of five publicly traded companies – National Waste Management Holdings, Inc., trading under the ticker symbol NWMH; CES Synergies, Inc., trading under the ticker symbol CESX; Grilled Cheese Truck, trading under the ticker symbol GRLD; Hydrocarb Energy Corporation, trading under the ticker symbol HECC; and Intelligent Content Enterprises, Inc., trading under the ticker symbol ICEIF. In addition, the government restrained Matz’s residence in Mt. Sinai, New York, Isen’s residence in San Diego, California, and a co-conspirator’s residence in Hicksville, New York, and seized bank accounts containing alleged criminal proceeds and automobiles purchased with alleged criminal proceeds.
https://www.otcmarkets.com/stock/NWMH/profile
It does appear to be making a fuzzy web. Like everything else about BGFT, it remains fuzzy at best.