In the Matter of JOSEPH MEUSE --ADMINISTRATIVE PROCEEDING File No. 3-16287
"LET THE CHIPS FALL WHERE THEY MAY."
SEE RELATED POST (#1106.) MEUSE SOLD SHELL CORPORATION TO IDCX.
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( IDCX NOT INVOLVED, SO IDCX RETAINS 100% HONOR & INTEGRITY!!!)
( QUICK SYNOPSIS: JOSEPH MEUSE FINED $50,000.00 DOLLARS BY SEC.)
QUOTE:
"ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 74602 / March 27, 2015
On November 25, 2014, the Securities and Exchange Commission (“Commission”) instituted public administrative proceedings pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Joseph Meuse (“Meuse” or “Respondent”).
1. From April 2004 through at least September 2009, Meuse was the founder, president and sole owner of Belmont Partners, LLC (“Belmont”), a company whose core business was to obtain and later sell blocks of controlling shares of publicly traded “shell corporations” for their use in reverse mergers. From May 2008 through January 2014, he was also the president and majority owner of Pacific Stock and Transfer Company (“PSTC”), a transfer agent registered with the Commission. From January 2005 through January 2011, Meuse was associated with various broker-dealers registered with the Commission. Meuse served as a director of Alternative Green Technologies, Inc. (“AGTI”) in October 2008. Meuse, 44 years old, is a resident of Warrenton, VA.
B. ENTRY OF THE INJUNCTION
2. On January 8, 2014, a final judgment was entered by consent against Meuse permanently enjoining him from future violations of Section 5 of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, barring him for five years following the date of entry of the final judgment from participating in an offering of a penny stock or acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act or that is required to file reports pursuant to Section 15(d) of the Exchange Act, and ordering him to pay a $50,000 civil penalty, in the civil action entitled Securities and Exchange Commission v. Alternative Green Technologies, Inc., et al., Civil Action Number 11- CV-9056, in the United States District Court for the Southern District of New York.
3. The Commission’s complaint alleged that, from September 2008 through September 2009, Meuse assisted AGTI and its CEO, Mitchell Segal, in a series of fraudulent activities in order to sell unregistered AGTI stock to the public without a valid registration exemption. These activities included Meuse assisting AGTI and Segal in creating false, backdated, and fabricated documents and furnishing them to an attorney for use in drafting an opinion letter advising the transfer agent that the restricted legend could be lawfully removed from a stock certificate so that the shares could be deposited in a brokerage account for sale in the public market.
IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondent Meuse’s Offer.
Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act, that Respondent Meuse be, and hereby is barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally
recognized statistical rating organization with the right to apply for reentry after five years to the appropriate self-regulatory organization, or if there is none, to the Commission.
For the Commission, by its Secretary, pursuant to delegated authority.
Brent J. Fields Secretary " QUOTED.
