OWC Pharmaceutical Research Corp (OWCP)

[madtrader2132]

1. “46. Friedland provided the transfer agent with a purported attorney opinion letter that included inaccurate information about Global’s acquisition of OWC stock and misleading information about the connection between Friedland, Global, and Lane 6552. The letter was signed by a disbarred attorney.”
2. “48. Friedland also indicated on forms signed by his wife that were provided to the transfer agent that Global purchased the stock from OWC in January 2016 at a cost of $51,343.75, but there is no evidence of such payment from Global to OWC. The terms of Global’s agreement with OWC indicate the stock was compensation for media and investor relations services and not in exchange for any payment."
3. “49. Friedland further represented to the transfer agent on these forms that the OWC stock was not being transferred from Global to Lane 6552 as a gift, inheritance, or wash sale, but were instead acquired by Lane 6552 on January 13, 2017 at a cost of $205,375. There is no evidence of any payment to Global from Lane 6552 in that amount or on that date.”


"51. On February 3, 2017, OWC’s transfer agent, relying on the information provided by Friedland, removed the restrictive legend from Lane 6552’s stock."