I am going to be honest here ... as much as I detest Svorai ... his defense lawyer makes one hell of a case for catv lol ... the fbi case on this particular case looks really thin ... I know ... I know ... the affidavit is bare bones for probable cause ... we need more facts and evidence to come out but I have to go off what we know and what I read from the transcript.
The AUSA makes a point a couple of times Svorai will likely be convicted of the aggravated identity theft charges multiple times but fails to male the assertion as heavily on the wire fraud and conspiracy to commit wire fraud charges. Just my observation and opinion. My reaction was they did not feel as strong with whatever they have on this.
The defense attorney basically makes a lot of statements regarding where is the fraud and where is the pump and dump.
The ausa makes a statement around there are many different forms of a pump and dump and seems to assert that Svorai getting the shares via his Dad for basically nothing and undisclosed control of the debt where he could get a boatload more of shares and the fact that Catv was trading at .001 or whatever in October and now trades at .03 is the issue. Svorai could get a bunch of money and has access to a private plane, dual citizenship, wife in Canada could skip town. That part just tells me unless more facts come out ... are you saying the fact shares were cheap in October and are higher in Feb that is pump and dump. The defense was intimating even in a bare bones affidavit he felt there would have been a mention of false statements in a PR or controlling the PR bit there is none. Of course we will have to see the full evidence for that to play out.
After reading paragraph 11, 16 and 18 of the fbi affidavit over and over ... I am starting to wonder about this case. It clearly states the crux of the scheme is
Svorai worked to gain control of large blocks of shares in Catv with nominees and co-conspirators to take control of the catv shell
The control of large blocks of shares is mentioned over and over in the affidavit and in the transcripts along with controlling the shell.
Does the fbi think shares = control of the shell? That is not the same as the 5 Series A shares that = the control block and 100% of the company with 61% voting control that supercedes anything really. Svorai could have all 5 Billion shares and not control the company. The holder of the 5 series A shares controls the company. Period.
Here is my take and I know everyone has theirs ... The Fbi got alerted to this per the transcripts at the end of a conversation with Zoyes on the 1st case when he mentioned Svorai was still up to no good and planning on doing the dirty dirty again.
It appears to me Zoyes was playing both sides between Svorai and MF as they were competing for the company. And that is where the conversation happened in the affidavit with Svorai saying he was going to buy the shell and do a 60/40 split with the 40 being in a family member or wife's name. Also referred to in the transcript that Svorai was "going to" do something in their names. The way it is phrased is like he planned to ... not that he did.
Zoyes this whole time is doing whatever he can to get a better deal from the FBI as stated because he is SOL from the 1st case. I think he was telling MF I got another buyer trying to get the best price he could for the control block from MF ... as it appears the 5 series A shares control block clearly went to MF. That is my opinion why we have those statements that do not match up with what we know happened. MF controls the company and Zoyes sold the 5 series A shares to MF.
The crux of the scheme as stated by the FBI was the acquiring of catv debt which would get him large blocks of shares of catv. As far as we know ... his daddy got 174M shares in October. And he was buying debt in another persons name which is Marquis Nahon who will go down in this IMO.
I know ... I know ... but the Marquis deal was done on Jan 7. The only deal when MF was in control. All I know is somehow not one debt conversion took place since December 21, 2020 and control of company changed Dec 22 when MF was added as Director or Officer. The sale of the control block was official Dec 27th.
We really need to see that deal ... and will one day ... but the issued and reserved shares of restricted stock maxed out the AS ... locked up that debt for 1 year and no debt conversions took place. On EVERY other ticker with these fools they started issuing new debt notes and converting shares like no other right away. I still contend this deal may have stopped debt conversions taking place ... I could be wrong.
On the other hand if you read the 1st indictment near the end Svorai specifically talks about how on his next deal he wanted to use restricted stock. This stuck out to me. And how this Marquis deal is restricted stock. Also on his old scams he used restricted stock before and got Rule 144 opinion letters that allowed him to convert restricted stock right away and get around the 1 year holding period. Read the 1st indictment. It is in there and explains it better than I can. They also removed legends, swapped legends and did all sorts of stuff.
This makes me think the other possibility is do the deal with restricted stock ... the company is not worried about it for a year ... but Svorai and Nahon had the means and know-how to get those shares when they went current illegally. It is literally what they were doing on the old tickers.
Zoyes orchestrated this whole dance and had a strong incentive to get a better deal and try to stay out of jail from the 1st case ... all of the information is from recordings between Svorai and Zoyes. And one call with Zoyes, Svorai and a catv debt holder which I think is either Nahon or LG Capital who sold their debt notes to Marquis.
The Svorai undisclosed control which the ausa must be referring to Marquis Nahon and maybe the 174M shares his Daddy owned.
As much as people want to believe MF is involved ... the ausa seems very focused on Svorai and Svorai only as they did not want him to get any money and take off ... personally they do not seem interested in MF at all. They got what they wanted. Svorai off the street, in jail and unable to roam around or flee the country. Sadly enough ... if they did things right the 1st time ... this would not have happened either.
Last note the Judge has warned the government about Brady violations twice thus far ... this tells me the AUSA has been slow in turning over evidence to the defense, which may mean that they know their case is weak and they are trying to shore it up. Aside from the aggravated identity theft which they have Svorai dead to rights on 3 counts I believe that have a 2 year minimum jail sentence.
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