Thursday, July 05, 2018 12:17:58 PM
Hamon Fytton hasn't had any SEC litigation against him but he can be linked to lots of people that have. And I would hardly call his history with penny stocks impressive.
The following is some information from my notes about Hymon Fytton:
Gold Entertainment Group Inc (GEGP) was not Hamon Francis Fytton's first public ticker. Back in 1998, Hamon Francis Fytton shows up as the technical coordinator in an 8k for Internet Advisory Corp. His mother, Barbara Fytton was listed as a director for the company. According to their bios, Barbara Fytton lived in the UK where she worked as a financial comptroller for two big firms. Hamon Francis Fytton had a long computer related background working for Sperry Univac in London for 20 years. At some point during that 20 years he was transferred from their office in the UK to their office in Chicago. Internet Advisory Group was a Florida business entity started in 1997. From the Internet Advisory Corp filings we learn that Internet Advisory Corp merged into a public shell named Olympus MTM Corp on June 22, 1998.
According to the Olympus MTM Corp filings, the company had ceased operations in 1990 and had been seeking a merger candidate ever since.
After the merger, Internet Advisory Corp originally took the symbol GEEK I guess to reflect the idea that they were computer geeks, but in September 1998 they changed their symbol to PUNK taken from the popular computer term cyberPunks that floated around during this era as a way to describe rebellious computer geeks that were trying to change society through programming.
PUNK became a hot stock in 1999. With lots of market awareness the stock soared from the $2 range at the time of the merger to as high as $13.95/share during the first quarter of 1999. By the second half of 2000, the stock was trading at under $1/share.
In March of 2001, Richard K Goldring took over as the CEO and largest shareholder in Internet Advisor Corp (PUNK) through his entity, Interactive Business Concepts, Inc. It was at this time that Hamon Francis Fytton and his mother dropped out of the PUNK filings.
Under Goldring's leadership, Internet Advisor Corp filed for Chapter 11 Bankrupty in June of 2001 then re-emerged a few months later with an acquisition agreement to merge with another entity controlled by Richard K Goldring, Elliot Osher, and William Osher named Go West Entertainment Inc.
In July of 2002, the company changed its name to Scores Holding Co Inc (SCHR). The company ran a popular strip club in New York named Scores East night club.
In early 2006, an Indictment was filed against Richard K. Goldring, and Harvey Osher (a club manager and director of SCHR), along with Harvey's niece, Cheryl Osher, who helped keep the books, and five corporations associated with the Scores East nightclub in New York (Scores Entertainment Inc. and 333 East 60th Street Inc which held the licenses for the club, DDM Management Corp., T&O Consulting Corp., and Interactive Business Concepts Inc which were described as shell companies). According to the Indictment, Goldring and Osher were diverting money to sham consulting firms they set up to avoid paying taxes. Richard K Goldring was charged with paying $1.66 million to Interactive Business Concepts for Scores-related business, even though IBC had no legitimate business purpose, according to a press release by the Manhattan district attorney’s office. IBC then claimed $1.68 million in business-related deductions on its state tax returns, while Goldring used the diverted funds to build a house and purchase $80,000 worth of jewelry and household items. Goldring was charged in seven counts of the sixteen-count indictment, each of which carried a maximum sentence of sixteen months to four years in state prison.
Harvey Osher aka Harvey Cohen had previously been charged for conspiracy to defraud the United States and money laundering in 2000 (the Indictment is sealed). In that case, Harvey Osher worked out a plea deal agreeing to pay $560,500 in restitution and serve 30 months in prison plus 3 years supervised release. Even though the Indictment isn't available to read, I found Harvey Osher listed among the Mob on Wall Street busts. His name shows up for the Zayats bust which was described as a private placement stock fraud that took place from 1996 - 1998 involving 3 companies - (i) Traveler's Infocenter, which represented itself to be a New York, development-stage company involved in providing travel-related information; (ii) Diagnostic Professional Imaging Services, which represented itself to be a Brooklyn-based, development-stage company that planned to provide MRI services; and (iii) Nationwide, which represented itself to be a Brooklyn-based, development stage medical supply company. Osher was one of 8 defendants in the case and is listed as a registered representative who worked at Hornblower And Weeks, a broker-dealer, and sold Diagnostic private placement stock.
The investigation that eventually led to the indictment against Richard Goldring and Harvey Osher was launched after corporate customers complained overcharges were applied to their credit cards while patronizing the club. The charges in the indictment - which amount to more than $3 million in income and state taxes - relate only to tax evasion, not to the allegations of overcharging.
Goldring reached a plea deal with prosecutors in March 2006 after pleading guilty to a single count of falsifying a state tax form. Under the terms of the deal, Goldring agreed to serve five years’ probation but was allowed to remain at the helm of the clubs.
In a separate SEC filing in February 2006, SCHR also revealed that it was subpoenaed to hand over records from 2001 - 2003 as part of a separate investigation. Despite evidence of what was reportedly a $3.2 million financial scam, this case was dropped by prosecutors a few months later reportedly due to the reluctance of customers to assist in the prosecution.
The Indictment and separate Grand Jury investigation were not the only problems for the Scores East night club. The club saw a number of legal disputes from 2005 - 2007. There were several contested credit card charges the most noteworthy of which being a $241,000 charge that led to American Express filing a lawsuit. In July 2005, Goldring and co-owner Elliot Osher brought a $100 million lawsuit against former owner Irving "Blitz" Bilzinsky on charges that he was waging a campaign of terror against them in a bid to reclaim the club. In March 2006, Elliot Osher was charged with knifing a former employee named Bakir Balaban around the corner from the club. In October 2007, former employees sued the club in a class action lawsuit for violating the Fair Labor Standards Act and New York state labor law claiming that the club was confiscating part of the workers’ tips and skimping them on proper minimum wage and overtime compensation. In December 2007, Francis Vargas, a former cocktail waitress, filed a civil lawsuit alleging sexual discrimination and sexual harassment. The lawsuits and other legal issues eventually led to SCOR closing down its business and Go West Entertainment Inc filing for Chapter 11 Bankruptcy in April of 2008.
Goldring and Osher sold their interest in the SCHR shell in January 2009. Scores Holding Co Inc (SCHR) eventually found new business operations to use and still trades today.
Some time in 2003, Hamon Francis Fytton went into business with Anthony Mellone Jr who was running a ticker called Global Web TV Inc (GBLW) at the time.
Public information is sparse for the partnership, but I was able to piece together the following timeline of events surrounding their business dealings:
- Anthony Mellone Jr gained control of a public ticker named Liquidics Inc (LIQD) some time in November of 2001 changing the name of the shell to Global Web TV Inc (GBLW) in December of 2001. Through Global Web TV Inc, Anthony Mellone Jr had some kind of technology he was trying to develop that would allow customers to rent videos online and stream them to their TVs to watch.
- In February of 2002, Mellone Jr touted his on demand video technology in a press release for Global Web TV Inc (GBLW).
- On May 16, 2002, Mellone Jr announced that he is no longer going to merge the Global Web TV Inc operations into the LIQD shell. Despite rescinding the merger, Mellone Jr keeps control of the shell and keeps the name of the shell as Global Web TV Inc.
- On December 9, 2002, Mellone Jr filed an 8K for Communictronics of America Inc (COAC) announcing that the Global TV Inc operations are being merged into COAC.
- In January 2003, David Pressler, the long time CEO of COAC files an 8K saying the merger never happened. Pressler files a second 8K that same month also saying there was no merger.
- On February 11, 2003, Anthony Mellone Jr puts out a press release for COAC touting the Global TV operations. Ultimately, Pressler wins out taking back control COAC and Mellone Jr is forced to move on. The Global TV Inc operations would eventually be merged into Global Triad Inc (GTRD) by February of 2004 where they would stay. GTRD eventually merged with another company becoming Miracle Applications Corp (MIRA) in 2007 then in 2011 it got suspended by the SEC. That same year in 2011, OTFT was used as part of an undercover FBI sting operation. Today the issuer still trades on the grey sheets as OTFT.
- In December of 2003, Mellone Jr did a 1:50 reverse split and name/symbol change for Global Web TV Inc (GBLW) to QOL Holdings Inc (QOLH). Presumably this it around the time that he decides to do a stock purchase agreement with Hamon Francis Fytton to acquire Quality of Life Holdings Inc.
- No press releases are ever done to introduce the Quality of Life Holdings Inc business operations to the public. The first time Mellone Jr mentions the deal is on August 23, 2005 when he announces that the deal has been rescinded for lack of performance on the part of Fytton.
- On September 23, 2005, Hamon Francis Fytton files a lawsuit against Anthony Mellone Jr in Broward County, Florida presumably to gain back some of the shares that Mellone Jr took away.
- On October 5, 2005, Mellone assures his QOLH shareholders in a press release that QOLH is moving forward seeking new business opportunities. He mentions streaming adult programming for the hotels/hospitality industry. That same month the issuer is changed back from QOL Holdings Inc (QOLH) to Global Web Tv Inc (GBLW).
Mellone Jr announces in a press release on December 16, 2005 that he and Fytton have reached a mutually beneficial agreement to settle the dispute.
- In January 2006 the name of the issuer is changed again to Amore TV Inc (AMTV) and the adult programming streaming operations are put into action.
- The issuer would go through several more name/symbol changes through the years becoming Rapid Fitness Inc in May 2007, Tri Star Holdings Inc in August 2008, Macada Holding Inc in August 2009, and finally KMA Holding Inc in March of 2011. The issuer still trades today as MCDA.
- In October 2009, Mellone Jr would briefly sign a deal with Richard Astrom's company, Genesis Capital Corp (now EVUS), but that deal was cancelled in January of 2010 with Mellone doing the deal with a different Richard Astrom ticker instead - Strata Capital Corp (now MSPC) Later that same year Anthony Mellone Jr was busted in an undercover FBI kickback sting. An extension of the same FBI sting operation that later done using Mellone ticker OTFT.
- MCDA filings show that Hamon Francis Fytton, his mother Barbara Fytton, and the secretary from GEGP in 2005, Wendy L Pierro, were all still receiving shares through the Issuer in 2009 (almost four years after their settlement).
My guess is that Quality of Life Holdings Inc was a Canadian business entity like Quality of Life Marketing Inc which was the online Video rental/MLM business that Fytton merged into the GEGP shell in April of 2004. Anthony Mellone Jr obviously had an interest in streaming movies online and Fytton allegedly had a video library of movies so the partnership made sense. The Quality of Life Marketing Inc online video rental business shut down by the summer of 2005 so maybe that had something to do with Mellone making the non-performance claim and rescinding of the share exchange.
Another Hamon Fytton venture was IGSM GROUP INC
IGSM Group Inc didn't do any public disclosures until 2012 when it finally filed a disclosure statement with OTC Markets but even that filing only offered limited disclosure outside of telling us that Harmon Francis Fytton was the CEO.
When the issuer filed an S-1 in 2014 it was in that filing that we finally learn that Hamon Francis Fytton became the CEO of the Issuer starting on January 1, 2006 while the Issuer was still named Specialized Medical Home Services Inc. According to that S-1 filing, Hamon Francis Fytton was the CEO of the Issuer from January 1, 2006 until July 1, 2013.
What I can piece together about the past for this nonreporting company is that it was originally started as IP Gate Inc later becoming Action Stocks Inc (ASTI) in 2002. In June of 2003, Action Stock Inc (ASTI) acquired Classic Health Care Inc and changed its name to Specialized Home Medical Services Inc (SPMS).
According to the Nevada SOS filings, the officers of SPMS resigned in August of 2005. I found where a lawsuit was filed against SPMS in 2006 by an Insurance company for a personal injury claim. Some how in the middle of Specialized Home Medical Services Inc getting sued and going out of business, Hamon Francis Fytton was inserted as the new CEO and control person for the entity.
Fytton changed the name of the entity to IGSM Group Inc (IGSM) in November of 2007 but I can't find any information for IGSM until 2009 when it started doing press releases and 2011 when the company finally started doing some OTC filings. According to the early press releases from 2009, IGSM was going to try to put together some kind of digital television service. According to the early OTC filings, IGSM continued to operate one of the subsidiaries from the Specialized Home Medical Services Inc days called South East Stamp Sales LLC until 2009. South East Stamp Sales LLC was involved in cataloging and valuing stamps.
After discontinuing the South East Stamp Sales LLC operations in 2009, IGSM bought a library of videos from Hamon Francis Fytton (probably left over from the 2004 - 2005 GEGP operations) then IGSM acquired the rights to a Broadcast License Agreement from Robert Fytton, the brother of Hamon Francis Fytton, for 35,000,000 shares which went into the name of Cina Fytton, Robert's wife.
IGSM then changed its focus to trying to create an online video streaming service (a little bit similar to what Mellone Jr used to tout through Global TV Inc).
In 2010, IGSM did some very similar actions to what we saw GEGP do in 2007.
First IGSM issued 3,000 preferred shares to Hamon Francis Fytton so that he could keep voting control of the shell.
Next IGSM issued a bunch of shares for services at par value ($.001/share) including 26,500,000 shares to its CEO, Hamon Francis Fytton and 55,000,000 shares for legal and accounting services
Next IGSM took a $75,000 debt Note that they claimed was on the books since 2002 and they sold it to an unnamed investor for an undisclosed amount of cash. That $75,000 debt Note was then turned into 103,666,666 free trading shares of stock ($.00075/share).
Another debt Note allegedly entered into with an unnamed individual in 2007 was turned into 12,000,000 free trading shares of stock at $.00075/share.
And lastly part of another debt Note that was created mainly due to paying liabilities owed to an entity owned by the CEO, Hamon Francis Fytton, was turned into 22,800,000 free trading shares of stock at $.00075/share.
All signs point towards IGSM just being a rinse repeat of what we saw from GEGP in 2004 - 2005 and in 2007.
The attorney for IGSM in 2011 when they started to get active with OTC filings was Andre L Ligon.
Ongoing debt conversions led to IGSM doing two reverse splits - a 1:250 reverse split on 9/27/11 and a 1:200 reverse split on 8/9/13.
From 2011 until 2013, IGSM went back to being a shell company with no operations then in July 0f 2013 IGSM acquired Transportation Management Services Inc, a Michigan entity engaged in the railroad car business.
After the acquisition, the name of the issuer was changed to Continental Rail Corp (CRCX). As part of the acquisition agreement, Hamon Francis Fytton stepped down as the CEO and John H Marino Jr became the new CEO surrounded by the TBG Holdings Inc crew (Neil Swartz, Laurence Coe, and Timothy S Hart Jr). TBG Holdings Inc was engaged to provide business advisory services, manage and direct the company's public relations, provide recruiting services, develop and maintain material for market makers and investment bankers, provide general administrative services, and respond to incoming investor relations calls. As a result of their service contract TBG Holdings Inc, TBG Holdings Inc became the majority shareholder of CRCX.
In 2014, CRCX filed an S-1 to become a fully reporting SEC registrant. In that SEC filing we see that Hamon Francis Fytton still owned a big chunk of shares through his entity, Capital Advisory International, and we see his buddy Steven Sperber still holding shares through his offshore entity, Su Karma SA Ltd.
The plan for CRXC was to conduct two divisions - a rail freight division that would acquire strategic shortline and regional freight train railroads and a rail rolling stock leasing division that would acquire existing railcar and locomotive leasing companies.
CRCX never managed to move past the developmental stage though and didn't make a penny in revenues during its time as a public company.
All CRCX really did through from 2014 - 2016 was build up a bill of $430,132 owed to TBG Holding Inc (as of November 30, 2016), $114,777 owed to Tim Hart through his company R3 Accounting LLC (as of November 30, 2016), and defend itself in a lawsuit filed by Monkey Rock Group, Inc., John A. Dent and Martha Dent vs. Continental Rail Corporation, TBG Holdings Corporation, John Marino Jr, and the TBG Holdings Corp principals (Swartz, Coe, and Hart) . The complaint alleges that the management and operational personnel at Monkey Rock were improperly and fraudulently transferred to CRCX, and that the railroad acquisition operations of Monkey Rock were thereafter conducted instead through CRCX.
With the railroad business being a colossal failure, CRCX signed a share exchange agreement with MediXall, Inc, a Florida entity, in July of 2016. The share exchange was completed on November 3, 2016. With the new change of business operations came another reverse spit and a name/symbol change to MediXall, Group Inc (MDXL).
Hamon Francis Fytton's relationship with TBG Holdings Inc went way beyond just him selling his IGSM shell to the group. According to a LinkedIn page for Hamon Francis Fytton and multiple other sources online, Fytton was an employee of TBG Holdings Inc working as the VP of Business Development and often times signing press releases as the Investors Relation contact for TBG Holdings Inc. It is hard to pinpoint when Fytton started working for TBG Holdings Inc, but in a court document for the Dent vs TBG Holdings Inc case we are told that in early 2013, while Fytton was still the CEO of IGSM, he was conducting business on behalf of TBG Holdings Inc for the Monkey Rock acquisition.
TBG Holdings Inc was created in March of 2012 as a partnership between Neil Swartz and Craig Frank through the merging of their businesses - Birch Holdings (Swartz) and The Tudog Group (Frank). Another original officer of TBG Holdings Inc was Tim Hart as the CFO.
Neil Swartz had a long history in penny stocks going back to the 1990s. One of his earliest tickers he was involved with was Kaya Holdings (KAYS) starting in 1999 when it went public as GourmetMarket.com, Inc.
Neil's brother, Mark Swartz, was a major player in the Tyco scam in the late 90s. Mark spent nearly 8 years in prison for his role in that scam before being paroled in 2013.
Neil Swartz was no saint himself. He was a key player in the 2DoTrade pump&dump scam in 2001. 2DoTrade touted fake business operations designed around the Anthrax scare from that time. Though Neil Swartz was not named himself, an entity that Florida SOS records and SEC ownership filings show was most definitely controlled by Neil Swartz called MCG Partners Inc was named in the litigation. According to the SEC litigation, MCG Partners, Inc provided $450,000 to three other defendants in the scam (Barry William Gewin, Dominic Roelandt, and Eric T Landis) for the purchase of an OTC Bulletin Board shell company, which ultimately became 2DoTrade. In exchange for the $450,000, MCG Partners received 1.1 million 2DoTrade shares and a guarantee that other defendants would sustain 2DoTrade's stock price by touting the bogus contracts in a promotional campaign. Under this arrangement, MCG Partners sold 1.1 million shares for approximately $555,191.
For whatever reason the SEC in their Complaint and the DOJ in their Indictment (more in the DOJ press release) ignored the fact that Neil Swartz was the owner of MCG Partners Inc and instead focused on the attorney that helped Swartz setup the entity, Michael Karsch.
Possibly Neil Swartz had some kind of cooperation agreement with the FBI from the Tyco bust. MCG Partners Inc (Neil Swartz) was the largest shareholder in the KAYS shell when it went public as GourmetMarket.com, Inc in 1999. After GourmetMarket.com, Inc became TargitInteractive, Inc in 2001, Neil Swartz did some deals with his brother, Mark Swartz. The Tyco arrests and 2DoTrade arrests all came in the same year, 2003 with the Tyco arrests happening a few months prior to the 2DoTrade arrests.
In 2007, Neil Swartz became a partner with Craig Frank in Tudog. Together Frank and Swartz revived the KAYS shell which had gone dark in 2003 (after the 2DoTrade arrests), and they morphed it into Alternative Fuels Americas Inc (AFAI) bringing in well known penny stock swindler William David Jones as a consultant and paid promoter for the company.
The involvement of William David Jones is super interesting for a couple of reason. First, because Jones is one of the most famous FBI informants of all time. Second, because Jones was credited by the Assistant US Attorney J Gregory Damm as assisted in the 2DoTrade bust in testimony that J Gregory Damm gave in support of William David Jones in the Teletek fraud case in 2003.
William David Jones was basically a career criminal for a good decade of his life then he became a career rat for several years before going back to being a stock promoter with AFAI/KAYS.
Jones has a number of administrative proceedings against him going back to the 80s and early 90s most famous of which were the Sky Scientific Inc, The Jockey Club Inc, and Teletek Inc busts.
With Sky Scientific and Jockey Club, officers, brokers, and promoters including William David Jones and his good buddy Robert Schlien participated in a share selling scheme that caused losses of over $20 million to investors. According to the SEC, Schlien made $2,606,729 from the Sky Scientific scheme and Jones made $4,546,500 from his part in the scheme.
With Teletek, Jones was criminally convicted in Federal court in Nevada of conspiracy, securities fraud, and wire fraud in connection with the sale of more than $3 million in the stock. He cooperated with the authorities in that case turning on the Teletek CEO to save his own butt.
Facing super long prison sentences and huge fines/disgorgement, Jones and his buddy Robert Schlien agreed to become cooperation individuals with the FBI's Bermuda Short operation.
The Bermuda Short Operation involved the FBI setting up shop in Schlien and Jones's Boca Raton offices. Schlien and Jones targeted small companies looking to go public offering to provide the expertise to make it happen. Once they roped in their targets they would then entice them into participating in an illegal kickback scheme that could help them pocket millions.
All total, Schlien and Jones were able to help the FBI rope in 23 different publicly traded companies to participate in the kickback scheme bringing charges against more than 60 company officers, promoters, and dirty brokers.
Most of the people arrested in Bermuda Short operation were convicted, but many were able to get the charges dropped because Schlien and Jones proved to not be credible witnesses thanks to their poor character as felons and because of entrapment issues. Some even argued that Schlien and Jones were allowed to double deal and make some money on the side through their old fraudulent ways while the FBI looked the other way during Operation Bermuda Short. Despite the mixed results in getting convictions to stick, overall the government considered the operation a success.
In October of 2004, after years of cooperating with the FBI, Schlien and Jones officially pleaded guilty to their 1999 charges from the Sky Scientific and Jockey Club scams. Both men were sentenced in 2005. Schlien had his sentence reduced from 5 years in prison to 5 years probation and 600 hours community service (somehow he ended up spending 6 months in community treatment center). Jones had his sentence reduced from 5 years in prison to 12 months in prison.
It didn't take Jones long after he got out of prison before he was back involved in penny stocks again. Through an attorney named Mark B Goldstein that he had done work with just prior to going to prison in 2005, Jones set up several Florida business entities to use to provide consulting and public awareness (paid promotions) to public companies. The first company to hire Jones in the fall of 2012 was PMXO which Goldstein controlled. A couple months later, in January of 2013, Jones was hired by Swartz and Frank to be a consulting and paid promoter for AFAI/KAYS. By this time TBG Holdings Inc was listed as a substantial shareholder in AFAI/KAYS. It is very interesting seeing Jones and Swartz working together in AFAI/KAYS especially knowing how they were both tied to 2DoTrade Inc several years earlier.
TBG Holdings Inc touted itself as a private equity company redefining the relationship between private equity and small cap public companies. Mostly what TBG Holdings Inc did though was buy up public Issuers and use them mergers with private businesses they controlled while at the same time providing equity, consulting, and other services in the process. Besides taking control of IGSM in 2013, TBG Holdings Inc also took over Monkey Rock Group (MRKO), Vanell Corp (VANL) which became Train Travel Inc (TTHX) but now trades as TKCI, Global Beverage Industries Inc (GBVS) which now traders as RLBD, and provided services for Airborne Security and Protection Services (ABPR) which was a Roy Meadows linked shell starting around 2007.
Hamon Francis Fytton helped provide investor relation services on behalf of TBG Holdings Inc for the VANL and GBVS deals.
Prior to acquiring the VANL shell, TBG Holdings Inc (Swartz) made in investment in Train Travel Inc (an old Michigan entity that was founded by Laurence Coe in 1984). Laurence Coe had joined TBG Holdings Inc as an advisory by 2013 correlating with TBGH Holdings Inc investing in a bunch of railroad ventures. Swartz then merged the Train Travel Inc business operations into the VANL shell. What makes this whole deal even more interesting is that Train Travel Inc had previously shown up in a press release done by Greenstone Holdings Inc in 2008. Greenstone Holdings Inc was a major share selling scheme that led to several individuals being busted by the SEC in 2010. According the the SEC Complaint (see pages 30 and 31), in 2008 Greenstone Holdings Inc put out press releases that included the name of Travel Train Inc. Greenstone Holdings Inc claimed that it had received an order from Travel Train Inc for "Permeate HS200 anti-corrosion paint and also MagneLine polymer cement mortar to restore three historic 1917 rail cars to protect them from weathering and maintaining the original look for years afterwards." According to the SEC, Train Travel had not placed a bona fide order, and Miwa did not actually expect to ship either product. The SEC said that due to a lack of financing, neither Train Travel nor Greenstone could have purchased sufficient amounts of either product to "restore three rail cars".
The GBVS deal is interesting because GBVS was part of a big FBI bust in 2009 that lead to an Indictment against attorney G. David Gordon, Richard Clark, Dean Sheptycki, Joshua Wayne Lankford, and attorney James Reskin who together ran a pump and dump scheme using GBVS from 2004 - 2006. Over the years, the GBVS shell went through many names/symbols and had many interesting people involved in the ticker including Kenneth Eade who took it public in 1999 as Mercury Software and Shane Traveller who served as a director from 2004 - 2005.
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And none of that even gets into the GEGP history which included:
-L Rex Andersen, Clifford Wilkins, and Keith King in its early history
- a suspicious debt Note passed to Hyman Fytton's buddy Steven Sperber (also involved in ISGM Group Inc and Mayflower Investment Group with Fytton) that was turned into 3,440,000,000 free trading shares at $.00005/share in 2007 while GEGP was receiving investor relations from David Zazoff and Big Apple Consulting. Big Apple got paid with 1,985,714,286 free trading shares of GEGP stock for their assistance with pumping the stock while Fytton's buddy was selling his 3,440,000,000 shares.
-Service providers like Guy Jean-Pierre and Fred Schiemann.
The dirtist period for GEGP was definitely an 10 month period from March 2007 through January 2008.
GEGP starting out the period with 141,501,513 shares outstanding then:
On March 5, 2007, Steven Sperber received 1,400,000,000 free trading shares ($.00005/share) that got tied up with Legend Clearing LLC
On March 7, 2007, Hamon Francis Fytton (the president) received 3,250,000,000 shares ($.00000338/share)
On March 7, 2007, an unnamed consultant (maybe Steven Sperber) received 500,000,000 shares ($.00000338/share)
On March 7, 2007, Brian Stetten (the CEO) received 250,000,000 shares ($.00000338/share)
On March 29, 2007, Steven Sperber received 400,000,000 free trading shares ($.00005/share)
On April 17, 2007, Steven Sperber received 590,000,000 free trading shares ($.00005/share)
On August 31, 2007, Big Apple Consulting received 585,714,286 free trading shares ($.0001/share)
On August 31, 2007, an unnamed investor received 114,285,714 free trading shares ($.000008/share)
On November 29, 2007, Big Apple Consulting received 700,000,000 free trading shares ($.00005/share)
On January 3, 2008, Steven Sperber received 1,050,000,000 free trading shares ($.00005/share)
This brought the GEGP outstanding share count to 8,981,501,513 shares where it stayed until 2017 when 200,000,000 shares were issued to Daniel Gudema for some software license agreement which I assume will now be cancelled because of the new change of control.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12448903/content/html
Maybe the new group will get GEGP back compliant with its SEC reporting requirements, I don't know. Like I said in my other post I'm not familiar with this new Ghim, Lybbert, Wong, Lu, Schlegel, Kander group but I do find their arms lengths deals within this group to be a little suspicious and there does seem to be some questions about what happened with their BHLD shell.
The new control people will have to do something with the massive O/S. Without a reverse split they will be hard pressed to get much value out of the GEGP shell.
The following is some information from my notes about Hymon Fytton:
Gold Entertainment Group Inc (GEGP) was not Hamon Francis Fytton's first public ticker. Back in 1998, Hamon Francis Fytton shows up as the technical coordinator in an 8k for Internet Advisory Corp. His mother, Barbara Fytton was listed as a director for the company. According to their bios, Barbara Fytton lived in the UK where she worked as a financial comptroller for two big firms. Hamon Francis Fytton had a long computer related background working for Sperry Univac in London for 20 years. At some point during that 20 years he was transferred from their office in the UK to their office in Chicago. Internet Advisory Group was a Florida business entity started in 1997. From the Internet Advisory Corp filings we learn that Internet Advisory Corp merged into a public shell named Olympus MTM Corp on June 22, 1998.
According to the Olympus MTM Corp filings, the company had ceased operations in 1990 and had been seeking a merger candidate ever since.
After the merger, Internet Advisory Corp originally took the symbol GEEK I guess to reflect the idea that they were computer geeks, but in September 1998 they changed their symbol to PUNK taken from the popular computer term cyberPunks that floated around during this era as a way to describe rebellious computer geeks that were trying to change society through programming.
PUNK became a hot stock in 1999. With lots of market awareness the stock soared from the $2 range at the time of the merger to as high as $13.95/share during the first quarter of 1999. By the second half of 2000, the stock was trading at under $1/share.
In March of 2001, Richard K Goldring took over as the CEO and largest shareholder in Internet Advisor Corp (PUNK) through his entity, Interactive Business Concepts, Inc. It was at this time that Hamon Francis Fytton and his mother dropped out of the PUNK filings.
Under Goldring's leadership, Internet Advisor Corp filed for Chapter 11 Bankrupty in June of 2001 then re-emerged a few months later with an acquisition agreement to merge with another entity controlled by Richard K Goldring, Elliot Osher, and William Osher named Go West Entertainment Inc.
In July of 2002, the company changed its name to Scores Holding Co Inc (SCHR). The company ran a popular strip club in New York named Scores East night club.
In early 2006, an Indictment was filed against Richard K. Goldring, and Harvey Osher (a club manager and director of SCHR), along with Harvey's niece, Cheryl Osher, who helped keep the books, and five corporations associated with the Scores East nightclub in New York (Scores Entertainment Inc. and 333 East 60th Street Inc which held the licenses for the club, DDM Management Corp., T&O Consulting Corp., and Interactive Business Concepts Inc which were described as shell companies). According to the Indictment, Goldring and Osher were diverting money to sham consulting firms they set up to avoid paying taxes. Richard K Goldring was charged with paying $1.66 million to Interactive Business Concepts for Scores-related business, even though IBC had no legitimate business purpose, according to a press release by the Manhattan district attorney’s office. IBC then claimed $1.68 million in business-related deductions on its state tax returns, while Goldring used the diverted funds to build a house and purchase $80,000 worth of jewelry and household items. Goldring was charged in seven counts of the sixteen-count indictment, each of which carried a maximum sentence of sixteen months to four years in state prison.
Harvey Osher aka Harvey Cohen had previously been charged for conspiracy to defraud the United States and money laundering in 2000 (the Indictment is sealed). In that case, Harvey Osher worked out a plea deal agreeing to pay $560,500 in restitution and serve 30 months in prison plus 3 years supervised release. Even though the Indictment isn't available to read, I found Harvey Osher listed among the Mob on Wall Street busts. His name shows up for the Zayats bust which was described as a private placement stock fraud that took place from 1996 - 1998 involving 3 companies - (i) Traveler's Infocenter, which represented itself to be a New York, development-stage company involved in providing travel-related information; (ii) Diagnostic Professional Imaging Services, which represented itself to be a Brooklyn-based, development-stage company that planned to provide MRI services; and (iii) Nationwide, which represented itself to be a Brooklyn-based, development stage medical supply company. Osher was one of 8 defendants in the case and is listed as a registered representative who worked at Hornblower And Weeks, a broker-dealer, and sold Diagnostic private placement stock.
The investigation that eventually led to the indictment against Richard Goldring and Harvey Osher was launched after corporate customers complained overcharges were applied to their credit cards while patronizing the club. The charges in the indictment - which amount to more than $3 million in income and state taxes - relate only to tax evasion, not to the allegations of overcharging.
Goldring reached a plea deal with prosecutors in March 2006 after pleading guilty to a single count of falsifying a state tax form. Under the terms of the deal, Goldring agreed to serve five years’ probation but was allowed to remain at the helm of the clubs.
In a separate SEC filing in February 2006, SCHR also revealed that it was subpoenaed to hand over records from 2001 - 2003 as part of a separate investigation. Despite evidence of what was reportedly a $3.2 million financial scam, this case was dropped by prosecutors a few months later reportedly due to the reluctance of customers to assist in the prosecution.
The Indictment and separate Grand Jury investigation were not the only problems for the Scores East night club. The club saw a number of legal disputes from 2005 - 2007. There were several contested credit card charges the most noteworthy of which being a $241,000 charge that led to American Express filing a lawsuit. In July 2005, Goldring and co-owner Elliot Osher brought a $100 million lawsuit against former owner Irving "Blitz" Bilzinsky on charges that he was waging a campaign of terror against them in a bid to reclaim the club. In March 2006, Elliot Osher was charged with knifing a former employee named Bakir Balaban around the corner from the club. In October 2007, former employees sued the club in a class action lawsuit for violating the Fair Labor Standards Act and New York state labor law claiming that the club was confiscating part of the workers’ tips and skimping them on proper minimum wage and overtime compensation. In December 2007, Francis Vargas, a former cocktail waitress, filed a civil lawsuit alleging sexual discrimination and sexual harassment. The lawsuits and other legal issues eventually led to SCOR closing down its business and Go West Entertainment Inc filing for Chapter 11 Bankruptcy in April of 2008.
Goldring and Osher sold their interest in the SCHR shell in January 2009. Scores Holding Co Inc (SCHR) eventually found new business operations to use and still trades today.
Some time in 2003, Hamon Francis Fytton went into business with Anthony Mellone Jr who was running a ticker called Global Web TV Inc (GBLW) at the time.
Public information is sparse for the partnership, but I was able to piece together the following timeline of events surrounding their business dealings:
- Anthony Mellone Jr gained control of a public ticker named Liquidics Inc (LIQD) some time in November of 2001 changing the name of the shell to Global Web TV Inc (GBLW) in December of 2001. Through Global Web TV Inc, Anthony Mellone Jr had some kind of technology he was trying to develop that would allow customers to rent videos online and stream them to their TVs to watch.
- In February of 2002, Mellone Jr touted his on demand video technology in a press release for Global Web TV Inc (GBLW).
- On May 16, 2002, Mellone Jr announced that he is no longer going to merge the Global Web TV Inc operations into the LIQD shell. Despite rescinding the merger, Mellone Jr keeps control of the shell and keeps the name of the shell as Global Web TV Inc.
- On December 9, 2002, Mellone Jr filed an 8K for Communictronics of America Inc (COAC) announcing that the Global TV Inc operations are being merged into COAC.
- In January 2003, David Pressler, the long time CEO of COAC files an 8K saying the merger never happened. Pressler files a second 8K that same month also saying there was no merger.
- On February 11, 2003, Anthony Mellone Jr puts out a press release for COAC touting the Global TV operations. Ultimately, Pressler wins out taking back control COAC and Mellone Jr is forced to move on. The Global TV Inc operations would eventually be merged into Global Triad Inc (GTRD) by February of 2004 where they would stay. GTRD eventually merged with another company becoming Miracle Applications Corp (MIRA) in 2007 then in 2011 it got suspended by the SEC. That same year in 2011, OTFT was used as part of an undercover FBI sting operation. Today the issuer still trades on the grey sheets as OTFT.
- In December of 2003, Mellone Jr did a 1:50 reverse split and name/symbol change for Global Web TV Inc (GBLW) to QOL Holdings Inc (QOLH). Presumably this it around the time that he decides to do a stock purchase agreement with Hamon Francis Fytton to acquire Quality of Life Holdings Inc.
- No press releases are ever done to introduce the Quality of Life Holdings Inc business operations to the public. The first time Mellone Jr mentions the deal is on August 23, 2005 when he announces that the deal has been rescinded for lack of performance on the part of Fytton.
- On September 23, 2005, Hamon Francis Fytton files a lawsuit against Anthony Mellone Jr in Broward County, Florida presumably to gain back some of the shares that Mellone Jr took away.
- On October 5, 2005, Mellone assures his QOLH shareholders in a press release that QOLH is moving forward seeking new business opportunities. He mentions streaming adult programming for the hotels/hospitality industry. That same month the issuer is changed back from QOL Holdings Inc (QOLH) to Global Web Tv Inc (GBLW).
Mellone Jr announces in a press release on December 16, 2005 that he and Fytton have reached a mutually beneficial agreement to settle the dispute.
- In January 2006 the name of the issuer is changed again to Amore TV Inc (AMTV) and the adult programming streaming operations are put into action.
- The issuer would go through several more name/symbol changes through the years becoming Rapid Fitness Inc in May 2007, Tri Star Holdings Inc in August 2008, Macada Holding Inc in August 2009, and finally KMA Holding Inc in March of 2011. The issuer still trades today as MCDA.
- In October 2009, Mellone Jr would briefly sign a deal with Richard Astrom's company, Genesis Capital Corp (now EVUS), but that deal was cancelled in January of 2010 with Mellone doing the deal with a different Richard Astrom ticker instead - Strata Capital Corp (now MSPC) Later that same year Anthony Mellone Jr was busted in an undercover FBI kickback sting. An extension of the same FBI sting operation that later done using Mellone ticker OTFT.
- MCDA filings show that Hamon Francis Fytton, his mother Barbara Fytton, and the secretary from GEGP in 2005, Wendy L Pierro, were all still receiving shares through the Issuer in 2009 (almost four years after their settlement).
My guess is that Quality of Life Holdings Inc was a Canadian business entity like Quality of Life Marketing Inc which was the online Video rental/MLM business that Fytton merged into the GEGP shell in April of 2004. Anthony Mellone Jr obviously had an interest in streaming movies online and Fytton allegedly had a video library of movies so the partnership made sense. The Quality of Life Marketing Inc online video rental business shut down by the summer of 2005 so maybe that had something to do with Mellone making the non-performance claim and rescinding of the share exchange.
Another Hamon Fytton venture was IGSM GROUP INC
IGSM Group Inc didn't do any public disclosures until 2012 when it finally filed a disclosure statement with OTC Markets but even that filing only offered limited disclosure outside of telling us that Harmon Francis Fytton was the CEO.
When the issuer filed an S-1 in 2014 it was in that filing that we finally learn that Hamon Francis Fytton became the CEO of the Issuer starting on January 1, 2006 while the Issuer was still named Specialized Medical Home Services Inc. According to that S-1 filing, Hamon Francis Fytton was the CEO of the Issuer from January 1, 2006 until July 1, 2013.
What I can piece together about the past for this nonreporting company is that it was originally started as IP Gate Inc later becoming Action Stocks Inc (ASTI) in 2002. In June of 2003, Action Stock Inc (ASTI) acquired Classic Health Care Inc and changed its name to Specialized Home Medical Services Inc (SPMS).
According to the Nevada SOS filings, the officers of SPMS resigned in August of 2005. I found where a lawsuit was filed against SPMS in 2006 by an Insurance company for a personal injury claim. Some how in the middle of Specialized Home Medical Services Inc getting sued and going out of business, Hamon Francis Fytton was inserted as the new CEO and control person for the entity.
Fytton changed the name of the entity to IGSM Group Inc (IGSM) in November of 2007 but I can't find any information for IGSM until 2009 when it started doing press releases and 2011 when the company finally started doing some OTC filings. According to the early press releases from 2009, IGSM was going to try to put together some kind of digital television service. According to the early OTC filings, IGSM continued to operate one of the subsidiaries from the Specialized Home Medical Services Inc days called South East Stamp Sales LLC until 2009. South East Stamp Sales LLC was involved in cataloging and valuing stamps.
After discontinuing the South East Stamp Sales LLC operations in 2009, IGSM bought a library of videos from Hamon Francis Fytton (probably left over from the 2004 - 2005 GEGP operations) then IGSM acquired the rights to a Broadcast License Agreement from Robert Fytton, the brother of Hamon Francis Fytton, for 35,000,000 shares which went into the name of Cina Fytton, Robert's wife.
IGSM then changed its focus to trying to create an online video streaming service (a little bit similar to what Mellone Jr used to tout through Global TV Inc).
In 2010, IGSM did some very similar actions to what we saw GEGP do in 2007.
First IGSM issued 3,000 preferred shares to Hamon Francis Fytton so that he could keep voting control of the shell.
Next IGSM issued a bunch of shares for services at par value ($.001/share) including 26,500,000 shares to its CEO, Hamon Francis Fytton and 55,000,000 shares for legal and accounting services
Next IGSM took a $75,000 debt Note that they claimed was on the books since 2002 and they sold it to an unnamed investor for an undisclosed amount of cash. That $75,000 debt Note was then turned into 103,666,666 free trading shares of stock ($.00075/share).
Another debt Note allegedly entered into with an unnamed individual in 2007 was turned into 12,000,000 free trading shares of stock at $.00075/share.
And lastly part of another debt Note that was created mainly due to paying liabilities owed to an entity owned by the CEO, Hamon Francis Fytton, was turned into 22,800,000 free trading shares of stock at $.00075/share.
All signs point towards IGSM just being a rinse repeat of what we saw from GEGP in 2004 - 2005 and in 2007.
The attorney for IGSM in 2011 when they started to get active with OTC filings was Andre L Ligon.
Ongoing debt conversions led to IGSM doing two reverse splits - a 1:250 reverse split on 9/27/11 and a 1:200 reverse split on 8/9/13.
From 2011 until 2013, IGSM went back to being a shell company with no operations then in July 0f 2013 IGSM acquired Transportation Management Services Inc, a Michigan entity engaged in the railroad car business.
After the acquisition, the name of the issuer was changed to Continental Rail Corp (CRCX). As part of the acquisition agreement, Hamon Francis Fytton stepped down as the CEO and John H Marino Jr became the new CEO surrounded by the TBG Holdings Inc crew (Neil Swartz, Laurence Coe, and Timothy S Hart Jr). TBG Holdings Inc was engaged to provide business advisory services, manage and direct the company's public relations, provide recruiting services, develop and maintain material for market makers and investment bankers, provide general administrative services, and respond to incoming investor relations calls. As a result of their service contract TBG Holdings Inc, TBG Holdings Inc became the majority shareholder of CRCX.
In 2014, CRCX filed an S-1 to become a fully reporting SEC registrant. In that SEC filing we see that Hamon Francis Fytton still owned a big chunk of shares through his entity, Capital Advisory International, and we see his buddy Steven Sperber still holding shares through his offshore entity, Su Karma SA Ltd.
The plan for CRXC was to conduct two divisions - a rail freight division that would acquire strategic shortline and regional freight train railroads and a rail rolling stock leasing division that would acquire existing railcar and locomotive leasing companies.
CRCX never managed to move past the developmental stage though and didn't make a penny in revenues during its time as a public company.
All CRCX really did through from 2014 - 2016 was build up a bill of $430,132 owed to TBG Holding Inc (as of November 30, 2016), $114,777 owed to Tim Hart through his company R3 Accounting LLC (as of November 30, 2016), and defend itself in a lawsuit filed by Monkey Rock Group, Inc., John A. Dent and Martha Dent vs. Continental Rail Corporation, TBG Holdings Corporation, John Marino Jr, and the TBG Holdings Corp principals (Swartz, Coe, and Hart) . The complaint alleges that the management and operational personnel at Monkey Rock were improperly and fraudulently transferred to CRCX, and that the railroad acquisition operations of Monkey Rock were thereafter conducted instead through CRCX.
With the railroad business being a colossal failure, CRCX signed a share exchange agreement with MediXall, Inc, a Florida entity, in July of 2016. The share exchange was completed on November 3, 2016. With the new change of business operations came another reverse spit and a name/symbol change to MediXall, Group Inc (MDXL).
Hamon Francis Fytton's relationship with TBG Holdings Inc went way beyond just him selling his IGSM shell to the group. According to a LinkedIn page for Hamon Francis Fytton and multiple other sources online, Fytton was an employee of TBG Holdings Inc working as the VP of Business Development and often times signing press releases as the Investors Relation contact for TBG Holdings Inc. It is hard to pinpoint when Fytton started working for TBG Holdings Inc, but in a court document for the Dent vs TBG Holdings Inc case we are told that in early 2013, while Fytton was still the CEO of IGSM, he was conducting business on behalf of TBG Holdings Inc for the Monkey Rock acquisition.
TBG Holdings Inc was created in March of 2012 as a partnership between Neil Swartz and Craig Frank through the merging of their businesses - Birch Holdings (Swartz) and The Tudog Group (Frank). Another original officer of TBG Holdings Inc was Tim Hart as the CFO.
Neil Swartz had a long history in penny stocks going back to the 1990s. One of his earliest tickers he was involved with was Kaya Holdings (KAYS) starting in 1999 when it went public as GourmetMarket.com, Inc.
Neil's brother, Mark Swartz, was a major player in the Tyco scam in the late 90s. Mark spent nearly 8 years in prison for his role in that scam before being paroled in 2013.
Neil Swartz was no saint himself. He was a key player in the 2DoTrade pump&dump scam in 2001. 2DoTrade touted fake business operations designed around the Anthrax scare from that time. Though Neil Swartz was not named himself, an entity that Florida SOS records and SEC ownership filings show was most definitely controlled by Neil Swartz called MCG Partners Inc was named in the litigation. According to the SEC litigation, MCG Partners, Inc provided $450,000 to three other defendants in the scam (Barry William Gewin, Dominic Roelandt, and Eric T Landis) for the purchase of an OTC Bulletin Board shell company, which ultimately became 2DoTrade. In exchange for the $450,000, MCG Partners received 1.1 million 2DoTrade shares and a guarantee that other defendants would sustain 2DoTrade's stock price by touting the bogus contracts in a promotional campaign. Under this arrangement, MCG Partners sold 1.1 million shares for approximately $555,191.
For whatever reason the SEC in their Complaint and the DOJ in their Indictment (more in the DOJ press release) ignored the fact that Neil Swartz was the owner of MCG Partners Inc and instead focused on the attorney that helped Swartz setup the entity, Michael Karsch.
Possibly Neil Swartz had some kind of cooperation agreement with the FBI from the Tyco bust. MCG Partners Inc (Neil Swartz) was the largest shareholder in the KAYS shell when it went public as GourmetMarket.com, Inc in 1999. After GourmetMarket.com, Inc became TargitInteractive, Inc in 2001, Neil Swartz did some deals with his brother, Mark Swartz. The Tyco arrests and 2DoTrade arrests all came in the same year, 2003 with the Tyco arrests happening a few months prior to the 2DoTrade arrests.
In 2007, Neil Swartz became a partner with Craig Frank in Tudog. Together Frank and Swartz revived the KAYS shell which had gone dark in 2003 (after the 2DoTrade arrests), and they morphed it into Alternative Fuels Americas Inc (AFAI) bringing in well known penny stock swindler William David Jones as a consultant and paid promoter for the company.
The involvement of William David Jones is super interesting for a couple of reason. First, because Jones is one of the most famous FBI informants of all time. Second, because Jones was credited by the Assistant US Attorney J Gregory Damm as assisted in the 2DoTrade bust in testimony that J Gregory Damm gave in support of William David Jones in the Teletek fraud case in 2003.
William David Jones was basically a career criminal for a good decade of his life then he became a career rat for several years before going back to being a stock promoter with AFAI/KAYS.
Jones has a number of administrative proceedings against him going back to the 80s and early 90s most famous of which were the Sky Scientific Inc, The Jockey Club Inc, and Teletek Inc busts.
With Sky Scientific and Jockey Club, officers, brokers, and promoters including William David Jones and his good buddy Robert Schlien participated in a share selling scheme that caused losses of over $20 million to investors. According to the SEC, Schlien made $2,606,729 from the Sky Scientific scheme and Jones made $4,546,500 from his part in the scheme.
With Teletek, Jones was criminally convicted in Federal court in Nevada of conspiracy, securities fraud, and wire fraud in connection with the sale of more than $3 million in the stock. He cooperated with the authorities in that case turning on the Teletek CEO to save his own butt.
Facing super long prison sentences and huge fines/disgorgement, Jones and his buddy Robert Schlien agreed to become cooperation individuals with the FBI's Bermuda Short operation.
The Bermuda Short Operation involved the FBI setting up shop in Schlien and Jones's Boca Raton offices. Schlien and Jones targeted small companies looking to go public offering to provide the expertise to make it happen. Once they roped in their targets they would then entice them into participating in an illegal kickback scheme that could help them pocket millions.
All total, Schlien and Jones were able to help the FBI rope in 23 different publicly traded companies to participate in the kickback scheme bringing charges against more than 60 company officers, promoters, and dirty brokers.
Most of the people arrested in Bermuda Short operation were convicted, but many were able to get the charges dropped because Schlien and Jones proved to not be credible witnesses thanks to their poor character as felons and because of entrapment issues. Some even argued that Schlien and Jones were allowed to double deal and make some money on the side through their old fraudulent ways while the FBI looked the other way during Operation Bermuda Short. Despite the mixed results in getting convictions to stick, overall the government considered the operation a success.
In October of 2004, after years of cooperating with the FBI, Schlien and Jones officially pleaded guilty to their 1999 charges from the Sky Scientific and Jockey Club scams. Both men were sentenced in 2005. Schlien had his sentence reduced from 5 years in prison to 5 years probation and 600 hours community service (somehow he ended up spending 6 months in community treatment center). Jones had his sentence reduced from 5 years in prison to 12 months in prison.
It didn't take Jones long after he got out of prison before he was back involved in penny stocks again. Through an attorney named Mark B Goldstein that he had done work with just prior to going to prison in 2005, Jones set up several Florida business entities to use to provide consulting and public awareness (paid promotions) to public companies. The first company to hire Jones in the fall of 2012 was PMXO which Goldstein controlled. A couple months later, in January of 2013, Jones was hired by Swartz and Frank to be a consulting and paid promoter for AFAI/KAYS. By this time TBG Holdings Inc was listed as a substantial shareholder in AFAI/KAYS. It is very interesting seeing Jones and Swartz working together in AFAI/KAYS especially knowing how they were both tied to 2DoTrade Inc several years earlier.
TBG Holdings Inc touted itself as a private equity company redefining the relationship between private equity and small cap public companies. Mostly what TBG Holdings Inc did though was buy up public Issuers and use them mergers with private businesses they controlled while at the same time providing equity, consulting, and other services in the process. Besides taking control of IGSM in 2013, TBG Holdings Inc also took over Monkey Rock Group (MRKO), Vanell Corp (VANL) which became Train Travel Inc (TTHX) but now trades as TKCI, Global Beverage Industries Inc (GBVS) which now traders as RLBD, and provided services for Airborne Security and Protection Services (ABPR) which was a Roy Meadows linked shell starting around 2007.
Hamon Francis Fytton helped provide investor relation services on behalf of TBG Holdings Inc for the VANL and GBVS deals.
Prior to acquiring the VANL shell, TBG Holdings Inc (Swartz) made in investment in Train Travel Inc (an old Michigan entity that was founded by Laurence Coe in 1984). Laurence Coe had joined TBG Holdings Inc as an advisory by 2013 correlating with TBGH Holdings Inc investing in a bunch of railroad ventures. Swartz then merged the Train Travel Inc business operations into the VANL shell. What makes this whole deal even more interesting is that Train Travel Inc had previously shown up in a press release done by Greenstone Holdings Inc in 2008. Greenstone Holdings Inc was a major share selling scheme that led to several individuals being busted by the SEC in 2010. According the the SEC Complaint (see pages 30 and 31), in 2008 Greenstone Holdings Inc put out press releases that included the name of Travel Train Inc. Greenstone Holdings Inc claimed that it had received an order from Travel Train Inc for "Permeate HS200 anti-corrosion paint and also MagneLine polymer cement mortar to restore three historic 1917 rail cars to protect them from weathering and maintaining the original look for years afterwards." According to the SEC, Train Travel had not placed a bona fide order, and Miwa did not actually expect to ship either product. The SEC said that due to a lack of financing, neither Train Travel nor Greenstone could have purchased sufficient amounts of either product to "restore three rail cars".
The GBVS deal is interesting because GBVS was part of a big FBI bust in 2009 that lead to an Indictment against attorney G. David Gordon, Richard Clark, Dean Sheptycki, Joshua Wayne Lankford, and attorney James Reskin who together ran a pump and dump scheme using GBVS from 2004 - 2006. Over the years, the GBVS shell went through many names/symbols and had many interesting people involved in the ticker including Kenneth Eade who took it public in 1999 as Mercury Software and Shane Traveller who served as a director from 2004 - 2005.
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And none of that even gets into the GEGP history which included:
-L Rex Andersen, Clifford Wilkins, and Keith King in its early history
- a suspicious debt Note passed to Hyman Fytton's buddy Steven Sperber (also involved in ISGM Group Inc and Mayflower Investment Group with Fytton) that was turned into 3,440,000,000 free trading shares at $.00005/share in 2007 while GEGP was receiving investor relations from David Zazoff and Big Apple Consulting. Big Apple got paid with 1,985,714,286 free trading shares of GEGP stock for their assistance with pumping the stock while Fytton's buddy was selling his 3,440,000,000 shares.
-Service providers like Guy Jean-Pierre and Fred Schiemann.
The dirtist period for GEGP was definitely an 10 month period from March 2007 through January 2008.
GEGP starting out the period with 141,501,513 shares outstanding then:
On March 5, 2007, Steven Sperber received 1,400,000,000 free trading shares ($.00005/share) that got tied up with Legend Clearing LLC
On March 7, 2007, Hamon Francis Fytton (the president) received 3,250,000,000 shares ($.00000338/share)
On March 7, 2007, an unnamed consultant (maybe Steven Sperber) received 500,000,000 shares ($.00000338/share)
On March 7, 2007, Brian Stetten (the CEO) received 250,000,000 shares ($.00000338/share)
On March 29, 2007, Steven Sperber received 400,000,000 free trading shares ($.00005/share)
On April 17, 2007, Steven Sperber received 590,000,000 free trading shares ($.00005/share)
On August 31, 2007, Big Apple Consulting received 585,714,286 free trading shares ($.0001/share)
On August 31, 2007, an unnamed investor received 114,285,714 free trading shares ($.000008/share)
On November 29, 2007, Big Apple Consulting received 700,000,000 free trading shares ($.00005/share)
On January 3, 2008, Steven Sperber received 1,050,000,000 free trading shares ($.00005/share)
This brought the GEGP outstanding share count to 8,981,501,513 shares where it stayed until 2017 when 200,000,000 shares were issued to Daniel Gudema for some software license agreement which I assume will now be cancelled because of the new change of control.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12448903/content/html
Maybe the new group will get GEGP back compliant with its SEC reporting requirements, I don't know. Like I said in my other post I'm not familiar with this new Ghim, Lybbert, Wong, Lu, Schlegel, Kander group but I do find their arms lengths deals within this group to be a little suspicious and there does seem to be some questions about what happened with their BHLD shell.
The new control people will have to do something with the massive O/S. Without a reverse split they will be hard pressed to get much value out of the GEGP shell.
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