PharmaCyte Biotech Inc (PMCB)

[$Pistol Pete$]

$PMCB A must read about PMCB management background and previous shadeyness.



Well, I've posted this countless times but here you go:

PMCB's Oh Wise CEO, Kenneth Waggoner, who had previously worked as EVP for ChinaTel, now VelaTel, which is basically a pump & dump Chinese Reverse Merger stock now worth $.0001 cents. Here's a nice summary of some timely dumping:

Quote:"CHTL has certainly treated its stock like an endless money supply. For example, regulatory filings show, CHTL issued more than 30 million shares of stock to consultants and contractors – causing its overhead costs to skyrocket -- during the first nine months of 2009 alone. Since then, those filings show, the company has issued millions of additional shares for similar consulting services.

With the stock blowing past $1 near the end of last year, CHTL insiders began to cash in some of their chips. Isidoro Gutierrez, identified in regulatory filings as CHTL’s chief administrative officer and uncle to two of the company’s top executives, sold at the highest prices – fetching up to $1.55 a share – around the time the stock hit its peak.

In early February, however, a mysterious Mexican trust holding 4.8% of CHTL’s stock (just short of the 5% stake required for detailed disclosures) reported the most lucrative sales of all. Between Dec. 17 and Jan. 22, the trust sold more than 2 million shares of CHTL – at prices ranging up to $1.91 a share – and pocketed almost $3 million in proceeds in the process.

Kenneth Waggoner, CHTL’s outside legal counsel, executed some well-timed sales as well. On the same day thatCHTL announced that Excel had reduced its original funding commitment, for example, Waggoner sold 15,000 shares of stock at just under $1 a share. Two days after CHTL learned that Excel would be unable to make its first big payment – and three days before the company actually disclosed that news – Waggoner followed up with an even bigger sale by cashing in 40,000 shares as the stock headed below 70 cents a share."



Quote:San Diego County Superior Court
Lawsuit filed March 10, 2010-Case no. 37-2010-00087536-CU-EN-CTL
VRT Square LP v. China Tel Group, Mario Alvarez, Kenneth Waggoner, Ken Hobbs, et. al.
Complaint alleges causes of action for, among others, Fraudulent Conveyance, Fraud, Conspiracy Unjust Enrichment and Constructive Trust. Allegations state that a legitimate judgment was obtained by VRT Square against Mario Alvarez and his failed company, Greenleaf Home Loans. Complaint further alleges that after obtaining judgment, Mario Alvarez transferred essentially all his assets and all his stock in China Tel Group Inc. to various friends and family members.
This case can be viewed at the San Diego Superior Court website



From Forbes article:

Quote:"The story line is that Gerova and dozens of satellite companies are secretly being manipulated as part of a bid to pump up share prices and dump them on unsuspecting investors—many of whom are effectively required to own Gerova because of its inclusion in the Russell 2000 and 3000 value indexes. Supposedly behind this complex fraud: graduates of Westmoore Capital. Westmoore is a $53 million Ponzi scheme that the SEC shut down in June."

Westmoore and Gerova have other connections. The now defunct Westmoore acquired a stake in China Tel Group Inc. (OTCBB: CHTL) on July 29, 2008. That same month Gerova entered into an agreement to acquire China Tel. The Gerova-China Tel deal was unwound three months later. China Tel’s chief executive, George Alvarez, served as a Director of Westmoore Holdings, Inc. until September 25, 2009."



Now Waggoner issuing shares to major China Tel Holder Westmoore Capital:

Quote:
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 0)*

China Tel Group, Inc.
(Name of Issuer)

Series A and Series B Common Stock
(Title of Class of Securities)

Kenneth L. Waggoner, 12526 High Bluff Drive, Suite 155, San Diego, California 92130, [phone]
(Name, Address and Telephone Number of Person‘s Authorized to Receive Notices and Communications)

Consists of (i) 6,750,000 Series B Shares held by Westmoore Investment L.P., of which Mr. Jennings is general partner; (ii) 2,250,000 Series B Shares held by Westmoore Capital Group Series A, LLC, of which Mr. Jennings is Manager; (iii) 2,036,363 Series B Shares held by Westmoore Management, LLC, of which Mr. Jennings is Chief Executive Officer; (iv) 1,900,000 Series B Shares held by Westmoore Capital Group Series B, LLC, of which Mr. Jennings is Manager; (v) 500,000 Series B Shares held by Westmoore Capital Group Series II, LLC, of which Mr. Jennings is Manager; and (vi) 250,000 Series B Shares held by YYZ Hol



Now Krusty Ken associated with another Ponzi player:

Quote:April 28, 2009|By Joseph Serna

Earlier this month, a Seattle-based firm, Freestone Capital Partners LP and its affiliates, won a judgment against MKA’s Chief Financial Officer Michael Abraham and fund manager Jason Sugarman.

MKA did not pay back the money it owed to Freestone, a judge ruled, and Abraham was ordered to pay back $26.3 million plus interest and Sugarman was ordered to pay back $5.97 million plus interest.

Several people contacted who said they were clients of MKA have reported investing money, and when they failed to see satisfactory, or any return, on their investments, failed to get their money back when they requested it.

The Gateses’ lawsuit alleged the company was operating a make-shift Ponzi scheme to stay afloat, taking on new investors to pay out returns for older ones.

Federal authorities declined to comment on any possible investigation into the company.



Now Waggoner issuing shares to the very same Jason Sugarman:

Quote:Quote:SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 0)*

China Tel Group, Inc.
(Name of Issuer)

Series A and Series B Common Stock
(Title of Class of Securities)

Kenneth L. Waggoner, 12526 High Bluff Drive, Suite 155, San Diego, California 92130, [phone]
(Name, Address and Telephone Number of Person‘s Authorized to Receive Notices and Communications)


I, Jason Sugarman , a shareholder of China Tel Group, Inc., a Nevada corporation (“Corporation”), do hereby irrevocably appoint George Alvarez, to be my proxy agent, with full power of substitution, and to vote all of my shares of Series B common stock in the Corporation with respect to all matters submitted to the shareholders at all meetings of the shareholders, or any adjournments thereof, and in all consents to any actions taken without a meeting.



Jens Dalsgaard used to be Nuvilex/efoodsaety's PR rep and was a huge stock fraud. I've posted some of his history before. So the connection is definitely there. Gruden, who bought CiAB, was close to Dalsgaard, and Waggoner was hired by Gruden.

Quote:

January 23, 2006 09:45 AM Eastern Standard Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 23, 2006--Patricia Ross-Gruden, President and CEO of eFoodSafety, Inc. (OTCBB:EFSF), announced today that eFoodSafety, Inc. has been selected by The KonLin Letter as the #1 Stock Pick for 2006. The KonLin Letter reiterates its "Strong Buy" recommendation of EFSF stock.

eFoodSafety, Inc.
by
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
****
(Now for some fun court documentation from around that time:)

On April 13, 2009, in northern California District Court, Location Based Technologies (LBAS.OB), filed suit against Jens Dalsgaard, Redwood Investment LLC, and others, under civil RICO laws. Under the Racketeer Influenced Criminal Organization act, individuals who are members of an enterprise that has committed any two of 35 crimes—27 federal crimes and 8 state crimes—within a 10-year period can be charged with racketeering. RICO also permits a private individual harmed by the actions of such an enterprise to file a civil suit; regardless of whether there is a criminal prosecution, and if successful, the individual can collect treble damages.

A similar suit, alleging fraud and breach of contract, was brought against Dalsgaard in September, 2008 by Sustainable Power Corporation. Again the dispute centered on transfer of unregistered shares to affiliated parties; the case was settled out of court April 24, 2009

Quote:

16 A. I don't know how they acquired 11,360,000
17 shares of Sustainable Power Corp. I do know, okay, how
18 they defrauded Sustainable Power out of 50 to 60 million
19 shares.
20 Q. Well, before we get to that, tell me what
21 Berkshire Capital Management Company is.
22 A. They're investment bankers supposably.
23 Actually, they are cohorts, partners in crime with
24 Redwood Consultants and Jens Dalsgaard.
25 Q. And Berkshire Capital Management is represented
0094
1 by individuals, I would assume?
2 A. Berkshire Cap -- oh, people that work for them?
3 Q. Yes.
4 A. Oh, that's a great assumption, yes, sir.
5 Q. And who is the head of Berkshire Capital Management Company?
6
A. Well, Joe Fiore would be a pretty good guess,
8 and I would probably bet my life on it.
9 Q. All right.
10 A. So I guess I'm pretty sure it's Joe Fiore.
11 Q. How did you come to meet Mr. Fiore?
12 A. I was introduced to him as my investment
13 banker, okay, the person that would make sure that the
14 company had all the money it needed to do all its
15 business and build all its plants and make sure that,
16 you know, everything we did and all our financial needs
17 would be covered by a Mr. Jens Dalsgaard.
18 Q. Dalsgaard introduced you to Fiore, correct?
19 A. I believe that's what I just said, yes, sir.
20 Q. Okay. Other than Mr. Fiore, can you give me
21 the names of some other people associated with Berkshire
22 Capital Management in a management capacity?
22 Q. And I understand that there's some affiliation
23 with Berkshire -- between Berkshire Capital Management
24 and Eat at Joe's, Ltd.?
25 A. Eat at Joe's, Ltd., is -- gee, Eat at Joe
0096
1 Fiore's would be a better title.
2 Q. It's another company that Mr. Fiore owns?
3 A. That is correct.
4 Q. And Diamond Ranch, Ltd., is another one of
5 those entities?
6 A. Can I talk to my attorney for a second?


Quote:
On January 7, 2016, PharmaCyte Biotech, Inc., a Nevada corporation ("Company"), entered into a Stock and Warrant Purchase Agreement with each of Berkshire Capital Management Co., Inc. and SPYR (Joe Fiore), Inc. (collectively, "Investors") and closed a private placement to the Investors of restricted shares of the Company's common stock ("Common Stock") and warrants ("Warrants") to purchase Common Stock ("Private Placement").