Axim Biotechnologies Inc (AXIM)

[Tiresias]

Your adversary has grounds Mr. Drago, or Lieutenant, now BlindSquirrel. Those here should be apprised of your current legal issues as well as your role in Baltia Airlines, now delisted. You are a public figure and those listening to your opinions should be wary.

Earlier today, in federal court in Central Islip, John Drago (aka BlindSquirrel), the former owner/operator of several check cashing businesses on Long Island, pleaded guilty to illegally structuring financial transactions and payroll tax evasion.

When sentenced, Drago faces up to 10 years in prison, has agreed to forfeit approximately $253,000 and to pay restitution of approximately $593,000. As part of his plea, Drago is required to surrender his check cashing licenses, his federal money services business registrations and he is barred from applying for any such licenses or registrations in the future.

From January 2010 to October 31, 2013, Drago instructed employees to cash multiple checks in excess of $10,000 in a single day for certain customers without filing required CTRs. In addition, to avoid the required CTR filings, Drago directed employees to deposit and cash checks that had been submitted together on a single day in amounts in excess of $10,000. Drago also instructed employees to tell certain customers who presented individual checks in amounts exceeding $10,000 to return with multiple checks in amounts that were less than $10,000 to avoid the reporting requirement for such financial transactions. As a result of Drago’s scheme, more than $9.5 million in check cashing transactions were concealed from the IRS.