CardioVascular BioTherapeutics (fka CVBT)

[walhall]

Question 9: How much money is Venturis Therapeutics Chairman and CEO Calvin Wallen III accused by the U.S. government of stealing from his previous company, Tauren Exploration?

A) $14 million

B) $24 million

C) $34 million

D) $46 million

E) Over $50 million

(The correct answer is at the bottom of this posting)

This is part of our new Venturis Therapeutics educational trivia series. Unlike our cheap imitators who lack a single original thought in their minimally-educated brains, ours is an educational and fun exercise for the whole family while we're mostly not social distancing anymore (and are now sorry we didn't).

For more information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156608105

The correct answer is: (A), Calvin Wallen III is accused by the U.S. government of stealing $14 million from his previous company, Tauren Exploration Inc. He has successfully delayed his trial for nearly 3 years now (with an assist to the coronavirus), taking a scorched-earth approach to delay, delay, delay. This is of course the sign of a man who believes he is innocent and whose alleged "good name" will be cleared at the trial. However, it's clear from reading the court documents that the government has him nailed, as forensic accounts have discovered the dates, times and bank accounts in which the alleged stolen money was diverted for no legitimate business reasons. It's all detailed in a court filing for anyone who would like to see the evidence. In the words of a TX bankruptcy attorney who is not connected with this case but is familiar with its outlines, "the government does not lose cases like this." I believe that once Mr. Wallen is found guilty in this civil trial, the matter will automaticaly be referred for criminal prosecution (which is a matter of law because of the size of the theft). In addition, I believe the IRS will get involved, because if the money was in fact stolen by Mr. Wallen, the next question will be, did he pay taxes on it? If he did, then he has nothing to be concerned about it. And if he didn't, well, I think the IRS will be more than happy to go the Al Capone route on him. Oh, and by the way, the multiple anonymous comments indicating that the matter has gone to arbitration are categorically false and an obvious attempt to obfuscate the matter. What HAS gone to arbitration is another delaying attempt by Mr. Wallen, to get court confirmation of the amount he is alleged to have stolen. That confirmation is inevitable. And once that happens (or it may have happened already), it will clear the way for Mr. Wallen's trial. The bankruptcy attorney in TX indicated that in his experience the government does not settle cases like this, unless Mr. Wallen plans to plead guilty. Time will tell...

If you're interested, here are the links to the court records in these related cases:

Tauren Exploration, Inc. Liquidating Trust vs. Calvin Wallen III:
https://www.pacermonitor.com/public/case/24021776/Tauren_Exploration,_Inc_Liquidating_Trust_v_Wallen,_III

Tauren Exploration, Inc. Liquidating Trust vs. Pandale Holdings, Inc. et. al:
https://www.pacermonitor.com/public/case/24021775/Tauren_Exploration,_Inc_Liquidating_Trust_v_Pandale_Holdings,_Inc_et_al

Tauren Exploration, Inc. Liquidating Trust v. Fossil Operating, Inc. et al:
https://www.pacermonitor.com/public/case/24021777/Tauren_Exploration,_Inc_Liquidating_Trust_v_Fossil_Operating_Inc_et_al

And here are the earlier questions in our series:

Question 1: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155716885

Question 2: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155768166

Question 3: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155830431

Question 4: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155887684

Question 5: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156041065

Question 6: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156227658

Question 7: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156355920

Question 8: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156535390