United American Corp. (UAMA)

[65actual]

This can happen to UAMA!

Look at the parallels. Benoit Laliberte claims he had no prior criminal convictions within the past 10 years in the latest UAMA Quarterly Report. Same with Mr. Brooks. Big difference in that Benoit's conviction on 44 of 48 counts of stock fraud, market manipulation and deceiving investors makes it clear that the level of wrongdoing was at a much higher level.

Appears like he's still doing that with the latest FRAUDULENT MISREPRESENTATION in the 1Q 2019 Quarterly Report. Likely just a matter of time before the SEC acts in this matter.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22442 / August 10, 2012

SEC v. Ronald D. Brooks, Civil Action No. 3:12-cv-2716 (N.D. Tx. Aug. 9, 2012)

SEC Charges Former Public Company CEO with Fraud

On August 9, the Securities and Exchange Commission filed a complaint in the United States District Court for the Northern District of Texas alleging that Ronald D. Brooks committed securities fraud while serving as CEO and chairman of Standard Oil Company USA, Inc., a purported energy company headquartered in Dallas, Texas.

According to the SEC’s complaint, Brooks signed and certified Standard Oil’s initial disclosure statement filed with the Pink OTC Markets and made available to investors through that market’s website. Brooks represented in the disclosure statement that he had no prior criminal convictions. In fact, however, Brooks has three prior felony convictions, two for securities violations. The SEC therefore alleges that Brooks defrauded Standard Oil’s investors. The complaint charges Brooks with violating Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder and seeks a permanent injunction, a civil monetary penalty, an officer-and-director bar, and a penny-stock bar.

A a permanent injunction, a civil monetary penalty, an officer-and-director bar, and a penny-stock bar would seem to be overdue for Mr. Laliberte.

caveat emptor - CAVEAT EMPTOR