I don't think this has been mentioned here yet, but Wade Huettel has now also followed his partner Luis Carrillo's lead and consented to a permanent ban http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-2329086&symbol=*SEC®ion=C SEC target Huettel consents to permanent ban
2015-11-26 10:38 ET - Street Wire
Also Street Wire (U-*SEC) U S Securities and Exchange Commission
Also Street Wire (U-PBEC) Pacific Blue Energy Corp
Also Street Wire (U-TSHO) Tradeshow Marketing Company Ltd
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by Mike Caswell
Wade Huettel, one of several men charged by the U.S. Securities and Exchange Commission for a boiler room operation run from the Vancouver suburb of White Rock, has agreed to a permanent ban. The SEC claimed that Mr. Huettel, a lawyer, helped design a share structure that concealed vast numbers of shares through a complex web of offshore nominees. At least some of those shares ended up being part of what the SEC said was an $11-million pump-and-dump. (All figures are in U.S. dollars.)
Mr. Huettel's acceptance of a ban is contained in a Nov. 25, 2015, letter to the judge handling the case. The letter simply advises that Mr. Huettel has abandoned his defence of the action and has consented to an order that would ban him from penny stocks and from serving as an officer or director of a public company. The letter does not mention any fines. It also does not say why Mr. Huettel has now decided to give up on the case, after defending it for over two years.
The letter to the judge comes just three months after the other partner at Mr. Huettel's law firm, Luis Carrillo, wrote a similar letter. He too accepted a penny stock ban and an order barring future violations, and abandoned his defence of the case. He and Mr. Huettel had been partners at a San Diego law firm named Carrillo Huettel LLP.
Speaking of Luis Carrillo. I've been digging up a bit more about how he continues to run these pump&dump schemes out of Mexico City without ever leaving the country.
Apparently Frederick L Sharp out of West Vancouver (like Gregg Mulholland, Scott Gelbard, Aaron Lamkin, and Iqbal Saran) is a main guy helping Luis Carrillo with share deposits. Frederick Sharp has been involved in the industry going back a very very long time and in the past can be linked to entities/individuals such as Corporate House SA, HE Capital SA, Keith King, Kevan Garner, Cliff Wilkens, and Jack Purdy. Sharp allegedly deposits shares all over the world for Carrillo. He is great at keeping the money moving so its impossible for authorities to make the connection between deals and the money.
I've heard that Sharp frequently goes down to Puerto Vallarta, Mexico to meet Luis Carrillo. Carrillo flies in from Mexico City. Carrillo will never fly out of Mexico as he knows that there's probably a sealed indictment waiting for him. He's also got political cover in Mexico and so he thinks he is untouched while he's there.
Working hand in hand with Fred Sharp and Luis Carrillo is another lawyer named Konrad Malik. Malik used to work in the MacDonald Tuskey law firm with William L. MacDonald and Gerald R. Tuskey, but has since gone off the radar. In the past Macdonald Tuskey had been involved in some major paid promotion tickers like LEXG, JAMN, GNIN, TAON, LTUM, PEPR, BGBR, AENY, PTRN, UTOG, DUSS, GOFF, LBTG, PGNE, and HHWW among many others. Word is that Malik is still working with Luis Carrillo in the background.
On the subject of the Luis Carrillo pump&dump crew. Word is that Gregg Mulholland isn't talking to the regulators so they aren't offering him any deals. You know if he ever does start to talk Luis Carrillo will be one of the first names out of his mouth.
Oh and I don't think that it was ever posted about Scott Gelbard's dad, Harry Gelbard, having been arrested for cocaine possession in Larimer County, Colorado back in 2013 http://mugshots.mobi/colorado/larimer-county/17078861 https://www.justmugshots.com/colorado/larimer-county/17078861 http://www.jaildb.com/arrest-records/harry-gelbard-17078861
Oh penny stock crooks and their drugs ....