HPIL Holdings (HPIL)

[StephenBrownConReport]

HPIL Lawsuit for Securities Fraud is Updated!

Summary: Stephen Brown and his old scam partner from EBLD told Roots they could buy the Auctus loan. Roots gave HPIL $44k. Auctus converted their notes, because Stephen Brown didn't have the rights to sell them. Stephen Brown than said "whoops, no money, can't give it back." So they entered into a convertible note agreement in August (not reported on financials = fraud) where Stephen Brown was buying time and couldn't repay it. Stephen Brown promised to dilute the company 500M shares instead of paying $44k back, because he is broke boy, in August. Them said, meh, no shares for you.

Fraud.
Theft.
Securities fraud.

R.I.P. anyone stupid enough to think loser CEO con artist Stephen Brown has any money. Broke boy loser is broke.

Very excited about being a mod here now and truly look forward to running a fair and balanced board here as it always has been!