Mindpix Corp. (fka MPIX)

[nodummy]

More interesting information about MPIX

MPIX was named in a FINRA Complaint againt Kirk Lynn Ferguson, the owner of a Broker Firm named ACAP Financial Inc in December of 2016

https://promotionstocksecrets.com/wp-content/uploads/2017/01/ACAPBlumenthal.pdf

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127623405

The Document talks about several instances where ACAP Financial Inc/Kirk Lynn Ferguson, and the long time ACAP Financial Inc Compliance Officer, Gary Hume, were involved in the liquidation of unregistered securities in penny stocks for clients like Joseph L Blumenthal.

Joseph L Blumenthal was barred for life from participating in penny stocks back in 2001

https://www.sec.gov/litigation/admin/34-45070.htm

So he used his wife, Vivian Blumenthal as a front in setting up two Florida business entities - Bluelife Inc and MLJ Partners Corp. With the help of ACAP Financial Inc, Joseph L Blumenthal sold unregistered securities through Bluelife Inc and MLJ Partners Corp in the following penny stocks between January 2011 and December 2013:

1) Mindpix Corp (MPIX) in which Blumenthal used eMax Media Inc (represented on paper by Roxanna Weber) as the main source of his shares that he liquidated with the help of ACAP. The MPIX scheme carried over into EMax Holdings Inc (EMXC)

2) 3D Eye Solutions (TDEY) in which Blumenthal acquired shares and convertible debt Notes from the largest TDEY common shareholder at that time, Sandford Staab, through Bluelife Inc then sold shares into the market with the help of ACAP before the required holding period was met

3) Proteck Capital Inc (PRPM) in which Blumenthal acquired convertible debt Notes using Bluelife Inc then used the Notes to liquidate stock into the market with the help of ACAP. A large percentage of the PRPM float was created from the Bluelife Notes between 2011 - 2013. During that time period Bluelife Inc dumped 1,910,000,000 unregistered shares into the market.

4) CGrowth Capital Inc (CGRA) in which Blumenthal used Bluelife Inc and some debt conversion transactions to liquid unregistered stock into the market with the help of ACAP between September 2012 and February 2013. On many days during that period the Bluelife Inc stock sales made up 100% of the market volume for the day.


It is interesting how PRPM, TDEY, MPIX, and EMXC all get a mention in the Jonathan Leinwand section of this lawsuit (paragraph 37)

https://promotionstocksecrets.com/wp-content/uploads/2016/09/GLBTWSGISNSR.pdf

37. Defendant LEINWAND has been a very busy man in the world of securities fraud, and was involved in pump-and-dump schemes involving; 3D Eye Solutions, Inc. (TDEY), Mindpix Corp. (MPIX), EMAX Holding Corp. (EMXC), World Surveillance Group, Inc. (WSGI), Sanswire Corp. (SNSR), Georgetown Corp. (GTCP), Artfest Int. Inc. (ARTS), and ProTek Capital, Inc. (PRPM), to name a few.

The FINRA Document also mentions other instances where ACAP Financial Inc participated in unregistered penny stock sales including in the following tickers:

1) Solos Endoscopy Inc (SNDY) in which ACAP assisted Marc Jablon/Big Apple Consulting with dumping unregistered securities into the Market. Jablon/Big Apple was sued by the SEC

https://www.sec.gov/litigation/litreleases/2009/lr21305.htm

https://www.securitieslawyer101.com/2015/big-apple-consulting-mark-jablon-and-mark-kaley-lose-appeal/

2) American Green Inc (ERBB) in which ACAP assisted an unnamed individual identified in the ERBB filings as a "financial consultant" with the liquidation of 90,000,000 ERBB shares that the customer had acquired for a mere $46,500. This unnamed individual paid for stock promotions while dumping the stock making $839,000 in the process.

3) Wellness USA Inc (WCUI) in which ACAP assisted a customer (nearly certain it's Woodrock Capital Partners LLC - Petter Kleppan) in the liquidation of 489,199 shares during paid promotions paid for by the same ACAP customer (Petter Kleppan) using his other entity New Rock Capital LLC.

4) Mainstreet Entertainment Inc (MSEI) in which ACAP assisted Jeffrey D Martin with liquidating 501,607 shares through an account set up using a British Virgin Islands corporation run through Hong Kong. Jeffrey D Martin has a previous history of disciplinary action from the SEC which Gary Hume of ACAP failed to identify

https://www.sec.gov/litigation/litreleases/lr17024.htm

5) Amarantus Bioscience Inc (AMBS) in which ACAP/Hume assisted a customer in liquidating 11,843,333 shares which the customer had received as payment for running a marketing campaign for the stock helping earn that customer $559,328 from the sale of the stock.

6) Water Technologies Inc (WTII) in which ACAP/Hume assisted a customer by the initials MB with the liquidation of stock at the same time that the customer was paying for a stock promotion. I believe MB stands for Mike Bongiovanni.

7) Tactical Air Defense (TADF) in which ACAP/Hume helped the same customer from WTII to liquidate approximately 2.1 billion unregistered shares through 9 different accounts including accounts in the name of the customer's fiance and father generating approximately $1.8m in proceeds. Assisting MB (possibly Mike Bongiovanni) in the stock sales in both WTII and TADF by providing the legal opinions was attorney Morgan Pettiti who was previously enjoined by the SEC back on January 12, 2011

https://www.sec.gov/litigation/complaints/2011/comp21808.pdf

8) TurkPower Corp (TRKP) which is now ZNBR in which ACAP/Hume assisted a customer by the initials 'KO' in selling 5,184,900 shares of TRKP stock for $501,250 in proceeds despite the customer's account sharing the same address as TRKP and the customer acknowledging that it was an affiliate at the time it opened the account. KO had previously pleaded guilty to criminal money laundering conspiracy and was barred by the SEC from associating with any broker-dealer, but despite the disciplinary past and obvious affiliation to the company, Hume assisted the customer with the liquidation of the stock anyways. I'm pretty sure KO stands for Kenneth A Orr

https://www.sec.gov/litigation/admin/34-50941.htm



ACAP Financial Inc was expelled by FINRA on December 6, 2016

https://brokercheck.finra.org/firm/summary/7731

Kirk Lynn Ferguson received a 2 year suspension on December 16, 2016

https://brokercheck.finra.org/individual/summary/1307741

Gary Hume who had some disciplinary issues in the past with assisting customers with the sale of unregistered securities was banned for life by FINRA in September of 2017.

https://brokercheck.finra.org/individual/summary/1216949

https://www.sec.gov/litigation/opinions/2013/34-70046.pdf

https://www.sec.gov/litigation/complaints/2006/comp19902.pdf