NEWS !!! From approximately August 2016 to March 2021, Defendant The Movie Studio, Inc. (“TMS” or the “Company”), a microcap company based in Fort Lauderdale, Florida, and its President and Chief Executive Officer (“CEO”), Defendant Gordon Scott Venters (“Venters”) (together, the “Defendants”), issued materially false and misleading press releases regarding TMS’ ownership, production, distribution and licensing of films, in order to induce investments in TMS. As a result, from approximately April 2017 to December 2020, TMS and Venters, who acted as an unregistered broker, raised at least $1,200,000 from at least 70 investors, many of whom were unsophisticated and elderly, in a continuous, unregistered securities offering.
2. The Defendants then used the funds raised from investors, in part to pay for press releases and commissions to sales agents, and in part to fund Venters’ lifestyle and to hide payments to an apparent paramour, identified in this Complaint as “Jane Doe,” with whom he signed multiple sham consulting agreements.
Case 0:21-cv-61686-XXXX Document 1 Entered on FLSD Docket 08/13/2021 Page 2 of 24
3. Finally, the Defendants dumped shares of TMS stock on the unsuspecting public after issuing at least one of the false and misleading press releases.
4. By engaging in this conduct, the Defendants have violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 (“Securities Act”) [15 U.S.C. §§ 77e(a), 77e(c) and 77q(a)], and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. § 78j(b)] and Exchange Act Rule 10b-5 [17 C.F.R. § 240.10b-5] thereunder. Venters also violated Section 15(a)(1) of the Exchange Act [15 U.S.C. § 78o(a)(1)]. Venters is also liable as a control person under Section 20(a) of the Exchange Act [15 U.S.C. § 78t(a)] for TMS’ violations of Section 10(b) and Rule 10b-5 of the Exchange Act. Unless enjoined, Defendants are reasonably likely to continue to violate the federal securities laws.
THAT NOOSE IS GETTING PULLED JUST A LITTLE TIGHTER
GUESS WHO MAY NOW BE IN THE CROSSHAIRS ???
THANK YOU JANICE SHELL. THERE IS A REASON I HAVE SO MUCH RESPECT FOR YOU.
MAX’dSCAM
MAXIMUM HALPERN SCAM