Bayport International Holdings Inc. (BAYP)

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DD on members of JFK convicted of fraud

Joshua (Simon) Shainberg (58) has been the principal of JFK Oil Terminal Corp., which owns a 6 acre oil terminal in Berwick, Pennsylvania. In his capacity as principal, he facilitated all aspects of the oil terminal acquisition. During the same period, he has been principal of Exploration Solutions, LLC, where he participated in numerous real estate projects and various corporate finance projects. Mr. Shainberg also has an extensive background in corporate finance projects.
In 1999, Mr. Shainberg was named a co-defendant in an action by the Securities and Exchange Commission, in the U.S. District of the Eastern District of New York, alleging securities of violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. On January 13, 2015, the District Court entered a judgment against Mr. Shainberg permanently barring him from future violations under Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Mr. Shainberg paid $50,000.00 in fines and restitution. In addition, as a result of such action, Mr. Shainberg is permanently barred from any association with a broker-dealer.