Bitcoin Services Inc (fka BTSC)

[Kittaneh]

*BTSC and CEO documented as a scam last week

On July 10, BTSC filed a lawsuit against the former owners of Tulip Biomed and Signature Stock Transfer.Tulip Biomed was the original name for BTSC. You can verify that on their filing disclosures. Signature Stock Transfer is the company that issues shares for BTSC. The lawsuit was to block a transfer of shares to the former owner, Kenneth Yonika. According to the lawsuit, Yonika was issued 3 million restricted shares as part of the deal when he sold Biomed to Joel. These restricted shares can be converted to 15,000,000 common shares at a 5:1 ratio. Joel's argument was that there wasn't an agreement and transferring the stock to Yonika, which Yonika would sell on the market immediately will drive the stock price down! He doesn't care about the company, just stock price!

When the lawsuit was filed, the judge blocked the transfer of shares to Yonika, until Yonika could prove the agreement. Well, it didn't take long. According to the court dockets, on August 3rd, the judge dismissed the lawsuit because Joel stopped showing up or responding to the case and Yonika showed proof and brought witnesses that went on record as saying that this was an attempt at trying to scam them. This was last week!

The unfortunate part is, Joel probably had the judge block the Transfer just long enough to dump shares to get some money off ot the worthless company, but also 15,000,000 million shares just got added, with the intent to sell them on the open market. This "company" is done.

Here are two links, one is an article that led me to the court dockets, the second is a link to the Dallas Court website search. All you would need to do is search Yonika or Bitcoin Services. The docket # is DC-17-08056

https://www.law360.com/articles/943115/texas-judge-blocks-transfers-of-penny-stock-shares

https://courtsportal.dallascounty.org/DALLASPROD/?clearSession=True

CEO's DISBARRED Lawyer running this penny-scam.
NY Supreme court found him guilty of these charges:

1) Misappropriated funds entrusted to him.

2) dishonesty, fraud, deceit, or misrepresentation

3) violated his fiduciary duties as an escrow agent by abdicating control over his escrow account to a nonattorney

4) violated his fiduciary duties as escrow agent by failing to maintain required bookkeeping records

5) violated his fiduciary duties as an escrow agent by making cash withdrawals from the escrow account, and not to a named payee

6) commingled personal funds and funds with which he was entrusted as a fiduciary on behalf of others

7) engaged in conduct involving dishonesty, fraud, deceit, or misrepresentation by paying for personal and office expenses from his escrow account, instead of his operating account

8) engaged in conduct that adversely reflects on his fitness as a lawyer by failing to fully and timely cooperate with the Grievance Committee