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I will G. I knew you were planning a trip to the Homeland. Glad you had a great time!
Gordon...if you just had let it all ride on HealthSouth...taken your profits and bought T-Bills!! Never would be a worry about sewer connection fees and the like. Heck...you could buy out the folks at Thermafan!!!
MBA - your old pal goes to the Slammer!
Department of Justice Press Release
http://miami.fbi.gov/dojpressrel/pressrel10/mm072610.htm
For Immediate Release
July 26, 2010 United States Attorney's Office
Southern District of Florida
Contact: (305) 961-9000
Former GlobeTel CEO Sentenced for Securities and Tax Fraud Conspiracy
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John A. DiCicco, Acting Assistant Attorney General for the Tax Division; Daniel W. Auer, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division; and John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office, announced that defendant Timothy Huff was sentenced today before the Honorable Judge Donald Middlebrooks.
Defendant Huff was sentenced to 50 months of imprisonment, to be followed by three years of supervised release. Huff previously pled guilty to a one count criminal Information that charged him with a dual object conspiracy to commit securities fraud and to defraud the United States, the United States Treasury Department and the Internal Revenue Service (“IRS”), in violation of 18 U.S.C. § 371.
According to the Information, Huff was the CEO of GlobeTel Communications, Corp. (“GlobeTel”), which purported to be in the wholesale telecommunications business. During 2002, 2003, and 2004, Huff conspired with Thomas Y. Jimenez, the CFO of GlobeTel, and others, to create fictitious revenue, purportedly from Trans Global Ventures, Inc. (“TGVI”), and GTCC Qualnet Mexico, LLC (“Qualnet Mexico”). Huff and his co-conspirators then caused GlobeTel to report that fictitious revenue on its books and in periodic filings with the SEC.
To execute the scheme, Huff and Jimenez created fraudulent invoices and fraudulent technical documents, known as “call detail records” (“CDR’s”), that appeared to corroborate the fictitious revenue GlobeTel was reporting. Huff and Jimenez provided the fraudulent CDR’s and invoices to GlobeTel’s independent auditor to mislead the auditors into believing that GlobeTel had, in fact, received the purported revenue. In this way, according to the Information, Huff and Jimenez reported more than $22,600,000 in fraudulent revenue.
Also part of the conspiracy, Huff and Jimenez deposited $300,000 into a SunTrust account in the name of a GlobeTel subsidiary and fraudulently recorded the transfer on GlobeTel’s books as a payment by TGVI. Additionally, Huff and Jimenez made six wire transfers between May, 2004 and February, 2005, totaling approximately $980,500. These funds were purported to be the proceeds of a stock-loan transaction between Huff and other GlobeTel executives. In fact, however, the transfers were the proceeds of a fraudulent stock sale.
Additionally, Huff, Jimenez and others caused stock to be issued as compensation to themselves and other GlobeTel officers and directors. Rather than reporting the stock as compensation, Huff, Jimenez, and others, disguised the transaction as a loan, by transferring the stock to C&M Management Consulting, Inc. (“C&M”), knowing that C&M would not hold the stock as collateral but would sell the stock. Huff and Jimenez fraudulently applied some of the proceeds from the stock transaction to falsely reduce GlobeTel’s accounts receivable. Thereafter, Huff and Jimenez failed to have Forms 1099 issued for the stock transaction, and failed to report the proceeds of the stock transaction on their personal tax returns for 2001 through 2004.
Special Agent in Charge John V. Gillies stated, “As demonstrated in this case, the securities industry relies on regulatory and law enforcement agencies to ensure that individuals are following the rules. When those laws are broken, the FBI will dedicate the necessary resources to investigate those that commit securities fraud.”
Mr. Ferrer commended the investigative efforts of the Internal Revenue Service, Criminal Investigation Division, and the Federal Bureau of Investigation. This case is being prosecuted by Assistant U.S. Attorney Thomas P. Lanigan and Trial Attorneys Gregory R. Bockin and Kathryn Ward of the Department of Justice's Tax Division.
A copy of this press release may be found on the website of the United States Attorney’s Office for the Southern District of Florida at www.usdoj.gov/usao/fls. Related court documents and information may be found on the website of the United States District Court for the Southern District of Florida at www.flsd.uscourts.gov or http://pacer.flsd.uscourts.gov.
Gordon, these get rich quick schemes just keep blowing up...go figure? At least we still got Nigerian Oil wells for a lynch pin of our retirement!!
Well MBA...another chapter..."Once more unto the breach, dear friends".
Now Gordon, just like the great American institution of Gospel...are you no ways tired???
Gotta get back the IRA doe rae mi? What's next....back to the Nigerian Oil fields?
Well G....the problem you got....both parties agreed to the settlement. Your upside has been compromised. Even the great SEO couldn't wiggle his way out of this one.
Gordon...I've been a MOSH shareholder for over 3 years (due to your DD). I was disappointed but not totally surprised by the outcome.
Gordon, when the dust settles...will you plow your gains back into the JDZ?
thanks in advance,
SOG
Thank you Just Frank for correcting the very dangerous interpretations of Nilremerlin regarding stock acquisition.
Gordon...you've been called worse then "old sheister"....of course you know I prefer the more edgy and true to fact "Riverboat Gambler" who has always chosen the path less frequently traveled.....you know "spending your way to prosperity".
But I digress, I like your MOSH pick. Suitable even for an old arbitrager such as myself....of couse I'm not "all in" as you are...just a small member of the club.
BOL
your pal,
SOG
Gordon...I hadn't realized your ship had come in....muuy glad to see you back in the JDZ. SEO sends his warmest regards!!!
Posted by: instructmba Date: Wednesday, March 19, 2008 8:46:42 AM
In reply to: iwondertoo who wrote msg# 2464 Post # of 2705 [Send a link via email]
It's not a rumor, it's true. And I'm not just watching, but praying like a fool that I can get back in at the price I sold.
I'm down $70K and need to make some sort of recovery. I'm 100 percent invested in MOSH and need that to hit a moon shot in order to get back into ERHE.
BCNU
Instructmba
"Track records can come back to bite and haunt you"
Now if that's not calling the kettle black...
Go get'em Gordon!!!!
InstructMBA - Happy New Year
Gordon, there seems to be a genuine vacuum of leadership in the JDZ. Perhaps you could assist these wayward souls in their quest for riches?
TIA
SOG
Let's all take time to thank PAGAN for doing such a bang up job on the Sanswire Board. Heck...he banned evil me!!!
Moreover, it must be quite the challenge to allow the likes of Coastie to post all those facts when all Pagan wants is what any Riverboat Gambler wants....a free ride to da moon!
Great job Pagan. Hope you continue to cash in on your penny stock dreams!!!
"Where else can you invest 30 cents and hope for $15.00"
Or double your investment Gordon and go for the really big bucks!!!
InstructMBA - you said:
"JDZ Nigeria-Sao Tome e Principe
Public Reply | Private Reply | Keep | Last Read Previous | Next
Posted by: instructmba Date: Monday, September 08, 2008 2:46:25 PM
In reply to: None Post # of 2476
Where are all the posters?
We marked the location of various members in the INFO box and wonder if any of you folks are still around?
BCNU
Instructmba"
All the riverboat gamblers who bet on SEO and lost are finding new penny stock scam stories for the next shot to da moon.
People like you Gordon.
Nil...I'm conflicted....last week was "SHOWTIME"....
Tuesday there’s a lot happening to affect the GTEM trading environment with
3 major support aspects (*parts of the Grand Trine),
3 major lucky relaxing aspects (*parts of the Grand Trine), and
1 major pleasant opportunity relaxing aspect in play, so I’d expect higher volume than Friday's volume, with price closing higher Tuesday.
There are much better chances for news and publication to hit this week with the DA more spotlighted, and well supported.
The exceptionally lucky *Grand Trine will be maintained throughout the week (a trine tends to bring a lesser number of trades, with more volume per trade, thus "relaxed").
It’s showtime!
But it's looking more like 4 cents by Thursday?
Are the stars wrong???
TIA
Nil, let's put aside the fact that you and I disagree about a new bull market being born on 10.16.08....and work with what we do agree upon (not much) but the fact you promote everyone performing their own DD (very much agree)....I'm fine with your concept of "riding the bull market wave"...but why GTEM.PK.? Surely you can identify a better security to hitch your horse to then this fraud ridden, financially broke POS???
Or is the truth as with so many longs that what attracted them to GTEM.PK in the first place was a super cheap share price fraudulently driven to higher levels with the hope that it can happen again?
TIA
"It’s showtime!"
Indeed Nil. One question. Where are the buyers?
TIA
BBB....looks like the Germans aren't accumulating. Go figure?
No assets, no revenues...let's see...it's overvalued @ a nickel.
Today's sell to buy ratio speaks directly to this point.
"Daily accumulation turned downward Monday"
Is this the official analysis of Sellers outnumbering buyers 3.5 to 1 ????
There is no accumulation going on dude. Check your Form 4s, 13-Ds, and institutional ownership.
BBB...high volume compared to nano volume? Your cries of manipulation are indeed overdone. Where are the buyers? Where are the buyers? Where are the buyers?
TIA
Secretive Big Money Investors....Insiders buying....I'd called this bombastic BS Nil. Unless of course you can produce the 13-Ds or Form 4s to back it up...oh and btw....you've been making these claims for months now so don't try and hide behind an SEC time lag. They've only got 10 days ..then it's public, not astrologic.
"intense tug-of-war for shares"
Whaaaaatttt? Please provide some evidence to back up your bombastic claims.
TIA
Nil, when can we expect to see some Form 4s filed for all the pending inside buying?
TIA
"because insiders/secretive investors are about to buy in low in the next couple of weeks"
Will all this "insider buying necessitate a FORM 4 Nil?
As usual, I'll bet you're wrong and I'll be right....again!!!
Risk, if it drops below four cents....it's for one reason...and one reason alone - M A N I P U L A T I O N.
Of course, it will be that much more ripe for accumulation discounted to today's lofty share price!
GO GTEM.PK!!!!!
Nil, clearly this morning's stock action is little more than investors selling shares....parking cash....waiting to buy back in @ lower levels (adroitly handling the MM manipulation - I must say).
"MMs are probably being ordered to make the penny stocks look bad so that investors will be more inclined toward supporting the big company blue chip stocks. This kind of manipulation is grossly unfair to the smaller companies, but provides a better buying opportunity for penny investors in the long run."
If this is the case Nil, why buy now...why not wait till GTEM is less than a penny?
"If GTEM keeps its act together"
What exactly is their act? Committing fraud and getting away with it?
TIA
Nil, looks like the tug of war you often speak of is being won on the downside. How can this be? Just a month ago big money was walking in the back door and here to stay a while....have they worn out their welcome?
TIA
Nil.....we are now into the 3rd day of "serious big money entering the back door".....I guess they sell as many shares as they buy.....but watch out for the trap door.
Mig....they've authorized a half billion shares for the latest scam Sanswire.....why do you suspect a forward split?
TIA
Looks like we're testing the lows of early May all over again...sure could use some secretive Big Money investors....Where they hiding???
"the re-entrance of big money into the back door of the bank on the 17th for an extended stay"
When do they take you to the promised land of Eleven Cents?
Will their stay be "extended for that"????
TIA
Nil, in your humble opinion.....will we hit 4 cents before the Valhalla 11 cent target?
TIA
Mig, you wrote on the GTEM T&A board;
Posted by: miguellara Date: Wednesday, March 12, 2008 1:48:15 AM
In reply to: None Post # of 37442
"These charts mean nothing at the moment gtem needs to be current by the 31 st. Gtem needs to put up or shut up simple as that.
I believe they will pull it off. If not I will be done with this stock.
So I sit and wait."
That was 2.5 months ago but apparently you're not "done with this stock". Do you see something in the charts? Perhaps some secretive big money investors moving in?
TIA
Nil, will the secretive big money investors resurface this week based upon technical factors?
TIA
Sounds like another Dirt Poor Daughter scenario
Gordon....perhaps you should consider some No-Load Mutual Funds? Then you won't be caught up in the battle between Good & Evil.
BCNU
"HELP US OUT GO MOSH!"
Perhaps SEO could sprinkle some of that Nigerian Gold Dust this way!!!!
Good thing you sold when you did Gordon.
BCNU