DD Support Board and Research Team

[nodummy]

MYEC - It looks like Edward Starrs experience with the offshore money laundering groups in Belize goes back even further than 2012.

Prior to becoming MyECheck (MYEC) the Issuer was known as Sekoya Holdings Ltd (SKOA)

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001347004

Sekoya was a Vancouver based shell company that went public via an SB-2 filing in 2006. Through the SB-2 filing 1,055,000 free trading shares held in the name of some Asian nominee seed shareholders were made free trading. A few months later in June of 2007, SKOA did a 25:1 forward split giving those seed shareholders 26,375,000 free trading shares of stock.

Enter Edward Starrs.

The obvious shell scheme was merged with Edward Starr's MyECheck business becoming MYEC in 2008.

https://www.sec.gov/Archives/edgar/data/1347004/000114420408006724/v102101_8k.htm

Coinciding with the merger between MyECheck and Sekoya Holdings Ltd a subscription agreement was signed with two Belize entities, Anshan Finance Ltd and Youngal Group Ltd

https://www.sec.gov/Archives/edgar/data/1347004/000114420408019138/v108459_ex10-3.htm

Both Anshan Finance Ltd and Youngal Group Ltd were set up through a Panamanian law firm, Morgan & Morgan, who was well known as a facilitator for offshore shell companies being used for money laundering activities.

Both Anshan Finance Ltd and Youngal Group ltd had made arrangements for all their stock to be delivered to another attorney with money laundering links in Switzerland named Peter Law.

Doing a google search for Youngal Group Ltd shows that Youngal was involved in paying for stock promotions for some scam tickers including Uniontown Energy Inc (UTOG) in 2011



Neither Anshan Finance Ltd or Youngal Group Ltd ended up exercising their warrants, but both entities did receive 2,000,000 free trading shares of stock each as part of their subscription agreement at $.50/share.

According to the 10Q for the period ending September 30, 2008, as of December 31, 2007, MYEC had received $1,200,000, and during the nine months ended September 30, 2008, the Company received an additional $400,000 for aggregate consideration of $1,600,000.

https://www.sec.gov/Archives/edgar/data/1347004/000114420408061281/v129954_10-q.htm




We find out in the MYEC 10K for the period ending December 31, 2008 that Youngal Group Ltd never ended up paying the last $400,000 in cash for shares so MYEC deemed the money "uncollectible" and wrote it off as a loss.

https://www.sec.gov/Archives/edgar/data/1347004/000114420409018014/v144217_10k.htm

So all total Youngal and Anshan received 4,000,000 shares which only ended up costing them $1,600,000 ($.40/share).

When the stock started to actively trade in May of 2008 it was trading much much higher than that in the $3 - $4 range including what looks like some very obvious pump&dump action in June of 2008




By 2011 the selling of those 26,375,000 seed shareholder shares and 4,000,000 shares by our offshore money laundering group caused the price to fall into the subpennies. It was at this time, in September of 2011, that MYEC did a 1:30 reverse split.




MYEC saw noninal trading activity for the next 17 months following the reverse split in September of 2011 - probably because the share structure and float was so tiny.


It was in 2013 when Edward Starrs started issuing free trading stock by the hundreds of millions to another money laundering group out of Belize (Titan International Securities, Sweetsun Intertrade Inc, and Seven Miles Securities) that things started to pick up again.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126307237

As we talked about, first Starrs issued himself $180,000,000 worth of stock (3,000,000,000 shares) which he wrote off as a $30,000 employment payment ($.00001/share)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126308319

then came the free trading stock going to the Belize money laundering groups by the hundreds of millions.

I don't think it was an accident that he got involved with those Belize money laundering groups. The MYEC attorney at this time was Thomas Russell and Thomas Russell was involved in dozens of tickers that ran share selling/money laundering schemes through Belize. Just search my post history for Thomas Russell and you'll see what I mean.

All total Edward Starrs issued 1,440,000,000 free trading shares of stock to those Belize money laundering groups in exchange for $14,400 worth of debt ($.00001/share) starting in December of 2012.

All but 530,005,000 of those shares ended up being dumped into the market at prices between $.002/share and $.01/share during 2013 and 2014 before Titan International Securities was shut down by the regulators and MYEC decided to sue those offshore entities claiming they were tricked into issuing them the shares.

Then of course Edward Starrs got the bright idea about using Sierra Global LLC to make money so he sold the same debt that he had already previously sold to the Belize group to his Nevis entity, Sierra Global LLC, then turned that $45,500 in debt into 650,000,000 free trading shares of stock ($.00007/share) between December 2013 and February 2014

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126306774

It is no coincidence that MYEC became a huge pump&dump starting in February of 2014 coinciding with Sierra Global LLC selling those 650,000,000 shares into the market with the price being run up from the $.001s to as high as $.082/share largely thanks to MYEC claiming to be entering the cannabis industry during that huge pot ticker run going on at this time




I know I originally gave a very conservative estimate that Sierra Global LLC easily made $2,000,000+ off the sale of those 650,000,000 shares into the market, but looking at the daily volume starting in February of 2014 and the price history during 2014, Sierra Global LLC could have easily made over $10,000,000 off the sale of those 650,000,000 shares into the market. An average selling price of $.02/share is $13,000,000

Money that ended up being used by Edward Starrs to buy Real Estate for himself in several locations

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125995576

That is some serious cash. Definitely enough to get the regulators interested. And since a lot of that cash was used to purchase Real Estate in the United States the regulators could recover a fair amount of that money by seizing those properties. With any luck somebody could even get a decent whistle blower payment out of it all.