EcoloCap Solutions Inc. (fka ECOS)

[kennypooh]

Fife only got involved in ECOS because FINRA refused to process a R/S request in summer of 2014 because Kurt Kramer (Asher) was funding it. Fife agreed to take over the Asher notes and the SEC/FINRA finally agreed (after 8 months) to process the R/S once Asher was gone.

All of ECOS's notes went into default in the fall of 2014 during that 8 month period. They later made large payments to Fife for default fees and back interest, so he prolly got more out than he put in. Some of the default fees alone were 50% of the original CD amounts.

Great to see the SEC finally nailed Fife. I think he used at least a dozen sub-entities to keep under the 10% ownership rules on any one ticker LOL.