CV Sciences Inc (CVSI)

[BadKarmaKyle]

CVSI`s Mr Michael Mona Jr, the visionary, founder and former CEO of our beloved company CVSI has RETIRED a VERY VERY successful entrepreneur and business man.(sic)

No, that’s incorrect. In 2011 Michael Mona Jr was on trial in California for fraud. After the trial, the court said he “intentionally defrauded” the plaintiff by “misrepresent[ing] material facts and conceal[ing] other material facts.” Mona was adjudicated guilty and ordered by the court to pay $18,886,132.16 for damages caused by his fraud. Therefore MONA Jr was found GUILTY OF FRAUD (as shown above in Citation (1) (Source: Far West Indus. v. Mona, et al., California Superior Court, Riverside County, No. RIC495966.) and A judgment was issued against Mona jr for $18,886,132.16 with the normally attached interest. That interest is $12,219.65 daily making the judgment 24.6 million this year, then just under 30 million the year after, etc, etc, etc.reaching the stratosphere unless he pays it off. He had previously filed Bankruptcy discharged in 2006 making him unable to do so again for 7 years. Faced with this dilemma in 2012 he created the “MONA FAMILY TRUST transferring all his assets to the trust thereafter taking a loan using the assets of the trust as collateral. If that’s what you call “a VERY, VERY Succesful businessman” I don’t know what you would qualify as unsuccessful? Of course I have citations for my claim, a statement you’re unable to make.

Citation (1) showing the guilty fraud verdict, amount and judges exact words written above;

(Source: Far West Indus. v. Mona, et al., California Superior Court, Riverside County, No. RIC495966.)"


Citation (2), the judgement forcing the Bankruptcy dated January 6, 2012 - making MONA Jr unable to file Bankruptcy again prior to January 7, 2013 under U.S. Federal Bankruptcy Law, too late to discharge the judgment to the former plaintiff now the debt holder.









Citation (3) the earlier Bankruptcy discharged on January 4, 2006 making MONA Jr unable to refile again for 7 years under Federal Law until January 5, 2013












He had to do something immediately or be subject to paying what he legally owed so he created the aforementioned MONA FAMILY TRUST placing all his assets within it prior to using them to collateralize a whopping loan making him extremely liquid again but imagine the poor guy who is rightfully owed the money he would try filing an injunction with the court stopping MONA Jr from doing so but was too late as MONA created the MONA FAMILY TRUST right in THE MIDDLE OF THE TRIAL SHEILDING ALL HIS PERSONAL ASSETS WITHIN THE MONA FAMILY TRUST



Citation number (4) the creation of the MONA FAMILY TRUST dated March 4, 2011 - created right in the middle of the fraud trial for which he was soon to be found guilty with the judge stating Mr. Mona placing in it and sheilding beyond the reach of his legally owed creditors ALL HIS LIQUID ASSETS described therein as “Unknown Negotiable Instruments and Proceeds which was the loan he used the assets from the trust as collateral and what’s therein described as “unknown fixtures and proceeds” which are his Las Vegas home, numerous real estate holdings including a number of large apartment complexes, a number of large office buildings and other fixed assets later collateralized by the trust for $400,000,000.00 - I have the list of all those assets as well as the document showing the $400,000,000.00 loan but they have Mr. Mona’s birthdate, home address and other personal information. Posting them would be a violation of IHub TOS Violations as a Violation Of Privacy and I won’t do that however they’re right there in public records I’m staring at them now and there for anyone to see who prefers facts proven via citations and not blinded by a convicted fraudster thinking he’s a “VERY, VERY succesful businessman and entrepreneur.” In fact at the end of MONA Jr’s FRAUD TRIAL the Judge staged; “Mr Mona intentionally defrauded the plaintiff by misrepresent[ing] material facts and conceal[ing] other material facts.” Mona Jr. was ordered to pay $18,886,132.16 for damages caused by his fraud. Therefore MONA Jr was found GUILTY OF FRAUD (as shown above in Citation (1) and A judgment was issued against Mona Jr for $18,886,132.16 with the normally attached interest. That interest is $12,219.65 daily making the judgment 24.6 million this year, then just under 30 million the year after, etc, etc, etc.reaching the stratosphere unless he pays it off. Yet he chose to conceal every asset he owned, bank accounts, cash, multiple Office Buildings and Apartment Buildings thereafter utilizing the trust to collateralize all these assets for a loan of $400,000,000.00 - I’m sorry I don’t consider anyone with such nefarious dealings utilized to avoid paying a legally binding FRAUD judgment a “VERY, VERY succesful businessman and entrepreneur” I consider that FRAUD as did the court and THEFT which occurred right in the middle of the trial but under Nevada law the MONA FAMILY TRUST or any trust can initially state assets as heretofore “unknown fixtures and proceeds and “Unknown Negotiable Instruments and Proceeds” later (by law within one year) to be individually listed. These assets are MONA Jr’s Las Vegas home, numerous real estate holdings including a number of large apartment complexes, a number of large office buildings and other fixed assets later collateralized by the trust for $400,000,000.00 -