Bebida Beverage Company (BBDA)

[elbiatcho1]

Another racing scammer just got busted!
Is that whats happening here to BBDA? Sure sounds familiar.. CEO has a bad racing habit and has stated in the past that he would "do anything" to stay in the racing community.
http://www.sec.gov/news/pressrelease/2015-63.html

SEC Halts Microcap Scheme in South Florida
FOR IMMEDIATE RELEASE
2015-63
Washington D.C., April 9, 2015 —

The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a South Florida-based microcap scheme, including three boiler room brokers caught trying to conceal from investors that they have been barred from the industry.
...
The SEC alleges that eCareer, Azzata, Esposito, DeVito, and Birks fraudulently raised more than $11 million in funds from more than 400 investors since August 2010. In addition to approximately $3.5 million paid out of investor funds in the form of undisclosed exorbitant fees, Azzata diverted $650,000 to pay expenses related to his motorsports hobby as well as other family expenditures such as private school tuition for his children and shopping bills for his wife. Corporate filings by eCareer falsely claimed that private offering funds were used for working capital purposes and concealed Azzata’s misappropriation of investor proceeds.

Joey Azzata racing: https://www.facebook.com/JOEYAZZATARACING

CEO BW better get on his horse and ride outta here! Nahh ego too big and it would break horse's back.