GNCC Capital Inc (GNCP)

[layton]

GNCP - Yikes, remember their last "Geologist", Craig Parkinson??

CRAIG PARKINSON, GEOLOGIST, ENTERS INTO CONSENT ORDER WITH SEC FOR FRAUDULENT REPORT.

https://www.sec.gov/litigation/litreleases/2016/lr23638.htm

https://www.marketscreener.com/quote/stock/GNCC-CAPITAL-INC-120792342/news/Global-National-Communications-Corp-nbsp-GNCC-Capital-Inc-Update-on-Key-Issues-17582880/


The relevant parts:

Quote:
The complaint further alleges that Jenkins, Sweeten and Kreais represented to investors that Jenkins' mining company, held mining claims that contained 460 million ounces of gold that would be worth $805 billion. The mining claim values were purportedly based on a geological and valuation report prepared by Craig Parkinson, an Idaho licensed geologist. The complaint alleges that Parkinson's report was false and misleading, and that Jenkins, Sweeten and Kreais knew the representations in Parkinson's report were false and misleading but they nevertheless solicited investors using the information contained in the report. Similarly, Parkinson also allegedly knew investors were being solicited and were relying on his false valuation figures.


Quote:
Without admitting or denying the allegations in the SEC's complaint, Jenkins, Sweeten, Kreais and Parkinson each consented to entry of a judgment enjoining them from violating the charged statutes and rules, and ordering Jenkins to disgorge $82,757.06, plus prejudgment interest of $12,616.73 and pay a civil penalty of $82,757.06; Sweeten to disgorge $227,702.32, plus prejudgment interest of $23,238.73 and pay a civil penalty of $227,702.32; Kreais to disgorge $112,077.20, plus prejudgment interest of $12,662.75, and pay a civil penalty of $112,077.20; and Parkinson to disgorge $10,000, plus prejudgment interest of $1,354.21, and pay a civil penalty of $40,000.


So, Mr. Parkinson, who was already suspended for substandard work, is now known to be the "go-to" geologist for people running mining scams. For instance, check out this:

www.wsdlaw.net/media/b84bcca15e784e0affff841fffffe906.pdf

At Page 28, yet another scammer is citing yet another Parkinson report.

For anyone not drinking the Kool-Aid, it should be obvious that Parkinson reports could be summarized as "they say whatever the person paying for them wants them to say."

And yet, people are relying on the most crooked geologist in the West for their valuation of the GNCP rock farms?

Oh, yeah: "RADAR LOVE" is coming...