Home > Boards > US OTC > Oil/Gas/Natural Energy Production > SC Holdings Corp. (SCNG)

Steven Benavides and Greg Martin, today announced the

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Forexskills Member Profile
 
Followed By 0
Posts 10
Boards Moderated 0
Alias Born 12/11/17
160x600 placeholder
Forexskills   Saturday, 03/10/18 04:24:42 PM
Re: Stock Prophet post# 54307
Post # of 54336 
Steven Benavides and Greg Martin, today announced the awarding of a judgment against Evolution Fuels, Inc., Blue Wireless and Data, now known as Big Star Media, Dennis G. McLaughlin III individually, and other co-defendants for statutory fraud in the 44th District Court of Dallas County. The amount of the judgment, with penalties and interest, is over $1.6 million and relates to the purchase of wireless internet service provider Panaband Wireless in March, 2005.

The initial petition was filing in February, 2006; Case Number DC-06-01509-B

“It has been a long road to this point and we are happy that the courts have awarded this judgment against Mr. McLaughlin and his various companies,” noted Mr. Benavides. “While the various entities controlled by Mr. McLaughlin have gone through many changes since the original sale, we have continued to pursue what is rightfully ours for the company we built and sold. We will continue to exhaust all efforts to collect on this judgment against all parties.”

Over the past several months, Martin and Benavides campaigned zealously to resolve the issue amicably. However, their efforts have yielded little success and continuous misinformation and roadblocks from Mr. McLaughlin. “We continue to read about current and future projects Mr. McLaughlin and his companies are pursuing,” said Mr. Martin. “We wish him success in those endeavors, but we remain committed to our collection efforts and need to seea commitment from Mr. McLaughlin as well.”

The Agreed Judgment filed in Dallas County, Case Number DC-06-01509-B found that "Plantiffs are entitled to recover damages, jointly and severally as a consequence of Defendents fraud practiced upon Plaintiffs, which fraud the court hereby finds by clear and convincing evidence"

The interest and penalties will continue to accrue during this collection process. Mr. Benavides and Mr. Martin are optimistic that this matter will soon be resolved.

###

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist