Bancorp International Group Inc (fka BCIT)

[janice shell]

Sheesh:

When soliciting investors, Lahr orally represented to them that he was raising money for THL Holdings to invest in several Megas-led business ventures, including a United States-based company called Bancorp International Group (“BCIT”), mining operations through a Canadian company called Meekom National Resources Ltd. (“Meekom”), and mining operations in Bougainville, Papua New Guinea, through a company called Cefeida S.A. (“Cefeida”). Lahr represented to investors that he would invest all of their funds with THL Holdings and in support of the Megas-led businesses. Lahr never disclosed to investors that he or Megas would take any fees, commissions, or use investor money for personal expenses.

... When soliciting these investors, Lahr represented that he was raising money for Ferran to invest in one or more Megas-led business ventures that involved mining operations in Papua New Guinea, and/or real estate ventures in London, England, and/or Barcelona, Spain. Lahr did not inform Ferran’s investors that their funds would be used for any other purpose, including, for fees, commissions, interest payments to THL Holdings investors, or the personal expenses of Lahr or Megas.

https://www.sec.gov/litigation/complaints/2020/comp24778.pdf

You really should read the whole thing.

Well I'll be damned! I seem to have had something to say about what Lahr and Megas were up to back in 2016:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=123666511