PAO Group Inc (PAOG)

[rca]

If he "gave" Frank shares.

An individual that has shares of a company may transfer them at their leisure. There is nothing wrong with that.

What is wrong with it in this case is that Paul Taylor issued the shares using his alleged convertible note and did not have them designated as restricted since he was an "affiliate/control person." That's why he said he's not an officer, just a consultant.

The fraud lies in his misrepresenting his control of the company.