How Many Times Was the Same MyEcheck/Tangiers Note Sold
This is a letter that is being sent to about 15 people that are directly connected to MyECheck including the company's transfer agent. This makes the real estate look like child's play. I have tried to summarize the series of transactions regarding the alleged 1,000,000,000 shares that were issued to boiler room operations in Belize and the Cayman Islands.
Dear Mr. Bogutski:
Over the past few weeks. Michael Sobeck of Tangiers Capital has been kind enough to shed some light on his company's past position as a former note holder of MyECheck and the sale of the Tangiers note which was sold to Sierra Global LLC.
Sierra Global is a defunct Nevis shell organized by nominee Wendy Webbe out of Nevis. Sierra Global LLC which apparently became MyECheck's savior back in 2013 when the shell was nice enough to "represent" that the shell paid a sum of money to Tangiers and received possession of the note. Without analyzing Sierra Global's business too much for the purposes of this email, you may find it surprising that the only company worldwide that Sierra Global has ever done business with is MyECheck. They don't have an employee, an office, a website, a desk, a computer, a Facebook account or even a business license to do business in the United States. In fact, they only have one thing. A CEO named Matt Hanson who has no business address, no Linked-in Profile, no address history, no business history. Nothing. In fact, it has been alleged by many people that Matthew Hanson is a made up executive of Sierra Global who doesn't exist. Allow me to explain how preposterous this statement is. Matt Hanson has no connection to the Nevis shell named Sierra Global LLC as per Nevis records. I wonder who you spoke to from Sierra Global but we'll get to that in a few minutes.
In order to understand the creativity behind the Nevis shell, I would simply suggest and direct your attention to the outstanding creativity behind GreenPay LLC. GreenPay LLC is a Wyoming limited liability company. It was founded by Kevin Wessell who is a professional organizer of corporations. Explaining it another way, he creates companies for people who don't want their name attached to the legal entity. However, Cecil "Ed" Boozer who is a resident of the state of Florida and a former confidante of Edward Starrs has made it quite clear to me that he paid the incorporation fee for the GreenPay limited liability company in Wyoming. In fact, Mr. Boozer received correspondence from the registered agent for many years at his home address because MyECheck forgot to cover their tracks. He also told me and provided documentation that Mr. Starrs opened up the bank accounts for GreenPay LLC. MyECheck and the auditor had an interesting way of attempting to explain that way in their 10K which was audited by PMB Helin Donovan. Ed Starrs was described as an unpaid consultant to GreenPay LLC.
Allow me to begin with my questions regarding the series of highly questionable transactions related to a small note that was originally issued to Tangiers in 2010 in the sum of $35,000. Allegedly and according to my conversations with Michael Sobeck of Tangiers, that debt was apparently sold three times. First, an investor out of Los Angeles apparently was offered the note and according to my conversations with Mr. Sobeck in which I have copious notes, that investor pulled out of the deal after he realized that the documentation was bogus. If what Mr. Sobeck told me was true, then that alone should have caused a system of checks and balances to be implemented attached to the Tangiers note. Then, we come to the federal lawsuit. I have read the lawsuit that was filed on December 10, 2014 and I need to say that it makes zero sense to me. According to the pleadings by MyECheck, MyECheck was approached by a foreign brokerage firm named Sweetsun in 2012 (no specific date in pleadings) and was told that Sweetsun purchased the promissory note from Tangiers. As a result, 255,000,000 shares were issued to a foreign brokerage firm based on the fact that they represented that they bought the Tangiers note and no one ever contacted a representative of Tangiers. In order for me to believe that, I would have to conclude that you are the dumbest transfer agent in America and Ed Starrs would have to be the dumbest CEO in America. Allow me to add, you and Mr. Starrs weren't contacted by a legitimate broker dealer. You were contacted by a boiler room, money laundering operation in Belize. I believe the federal lawsuit also has chronological mistakes but it also alleges that on December 21, 2011, MyECheck issued 255,000,000 shares to Titan Securities as directed by defendant Sweetsun. Titan was another boiler room operation out of Titan. The lawsuit also alleges that another one billion, one hundred eighty five thousand common shares were issued. In order for this to have been believable, I would have to believe that approximately 25% of the outstanding shares of MyECheck were issued to boiler room operations in Belize and the Cayman Islands and no one contacted Tangiers to ask if the note was sold. That is quite frankly hard to believe. Why weren't you sued?
It gets better. According to the federal lawsuit, MyECheck and Tangiers entered into a settlement agreement. At the first second the settlement discussions began, MyECheck would have had to immediately realize that the 1,440,000,000 (one billion, four hundred and forty million) shares that were issued to the Belize and Cayman boiler room operations were fraudulent. However, the lawsuit says that MyECheck waited for Tangiers to represent that they held onto the entire note before they realized that the 1,440,000,000 shares were issued fraudulently. Really? Mr. Bogutski, does that make any sense to you. Here is the best yet!! MyECheck waited 3 weeks before they contacted someone from the boiler room operations regarding the alleged fraud according to their own pleadings in their own lawsuit filed by their attorney. Mr. Bogutski, does that make any sense to you.
However, the best part of this series of transactions is the final settlement of the Tangiers note. THE GRAND FINALE. This is one for the ages. A shell out of Nevis which is approximately 4 weeks old (founded in Nevis in September, 2013) bought the Tangiers note on October 13, 2013 and suddenly found themselves with 650 million shares of MyECheck (allegedly free trading). Let me assume for a moment for laughs that this was an arms length transaction.
Here is how MyECheck attempted to explain this away on their Facebook page with my comments in bold inserted:
August 17th 2015 on MyECheck FB page.
"I received some questions regarding Sierra Global, and although I believe I have answered these generally in the past, I'll provide more details here.
In 2013, MyECheck was sued by a company that we had borrowed money from in 2010 called Tangiers. At the time MyECheck’s prospects for success were highly uncertain, however Sierra Global repaid the loan in 2013 in exchange for the future right to convert the debt into shares of stock. At this time the stock was essentially worthless, there was no market for it and almost no public float, yet Sierra Global invested their money in order to help MyECheck get out of a law suit we would lose.
Sierra Global converted portions of the debt over time, they did not sell any shares into the market. Instead they sold the stock in bulk to a third party who sold it into the market gradually, which created the public float, these are the shares you own most likely. I do not know how and when the shares were sold into the market, and neither I, nor MyECheck, received any money from the sale of any debt or shares.
In 2014, Sierra Global created a plan for a payment app for the MJ industry and formed GreenPay. They invested in both a software license and a patent sub-license putting over $1,000,000 cash revenue into MyECheck. Later Sierra Global decided they could not (or didn't want to) operate the system so we worked with them to acquire GreenPay from Sierra Global. This negated the $1,000,000 licensing revenue we received months earlier in the eyes of the SEC, which is why we had to restate revenue in one of the quarters last year.
Sierra Global is an investment holding company that holds a patent sub-license from MyECheck, I don’t know what other investments they own. Neither MyECheck nor I have any ownership or economic interest, nor have received any money from Sierra Global other than the licensing fees.
Here are my questions?
Did you ever speak to any representative of Sierra Global LLC?
Do you have a phone number for Matt Hanson?
Do you have an address for Matt Hanson?
Have you seen the checks that were written to Tangiers from Sierra Global? Did the checks come from a Sierra Global bank account?
Did you see any financial transactions between the boiler room operations and Tangiers?
If you saw a payment between the boiler room operations and Tangiers, was it a wire or a cashed check?
How many shares were on reserve for the original Tangiers note?
Were the shares that were issued to the boiler room operations in excess of the reserve?
Were shares actually printed in Sierra Global's name?
Were they printed in someone else's name?
What entity received the shares?
Was a medallion necessary for the transactions at any time?
Who paid for the medallion?
Which attorney signed the opinion letter?
Allow me to also address the first cash infusion into GreenPay LLC. On March 26 and April 10 of 2014, you may be familiar with the fact that $1,000,000 was wired into the bank account of GreenPay LLC from Deer Valley Management LLC. Of course, you are very familiar with those transactions because you are a very experienced transfer agent and I would allege that you shipped MyECheck stock to them. Here are why those wires raise a red flag. Deer Valley Management LLC is a company that was essentially an iteration of Fairhills Capital which has been sued by the SEC. Both are out of business. First, the $1,000,000 wire was sent as a result of MyECheck's stock being sent to Deer Valley. Deer Valley was only in three different businesses. Buying blocks of free trading shares. Buying aged debt. Last, new notes that would have been nowhere near $1,000,000. Let's tackle the idea of buying aged debt. First and according to Ed Starrs public statements and the company's own filings, the Tangiers debt was already bought by Sierra Global. Second and on January 27, 2014, the Asher convertible debt was converted into 25,000,000 shares. As a person who is quite familiar with the operations of Asher, I don't believe those 25,000,000 shares were ever given to Deer Valley which resulted in a $1,000,000 cash infusion. Now let's move on to the new note option. I have reviewed the annual report and it doesn't list 1 share that was ever issued to Deer Valley Management LLC and there is no note that was ever given to Deer Valley Management LLC. Here are my questions?
Who gave you the instructions to ship stock out to Deer Valley Management LLC?
If it was the MyECheck stock owned by Sierra Global that was given to Deer Valley, did you receive those instructions from the management team of MyECheck?
Which attorney signed the opinion letter?
How many shares were sent?
Have you ever spoken to any employee of Sierra Global. If so, what is their contact information? Phone number, business address, r
AI
Market Data 
Markets 
