Rightsmile, Inc. (RIGH)

[FullDeck]

Karma comes knockin' for Angel... 😁

For all those duped by "Angel" Stanz...

https://privatejetcardcomparisons.com/2023/08/23/jet-genius-charter-flight-group-partner-refiles-lawsuit-against-jordan-brown/

The lawsuit alleges that unpaid Federal Excise Tax “ballooned to more than $5 million.”

It notes, “On December 2, 2019, (Stanz) attended a call with Brown and (former partner) Wolf, amongst several others. On the call, staff confirmed that JGH’s outstanding FET liability was approximately $2.5 million. Brown stated that he had established a fund to pay the FET, but it only had $50,000 in it. Brown did not and would not explain where the rest of the money went.”

However, “In June of 2021, the IRS escalated pressure against JGH for its unpaid FET. IRS agents contacted the original JGH shareholders, Brown, Plaintiff, and Wolf, and stated that JGH had an outstanding FET liability of over $5 million. Plaintiff worried that the IRS would attempt to collect this amount from the shareholders personally.

Stanz says he “was personally assessed a trust fund recovery penalty of $1.3 million” from the IRS.

The lawsuit also asserts, “Brown has made $1.9 million in distributions of JGH funds to himself while only distributing $23,000 to the other JGH shareholders in wild disproportion to shares held by the shareholders of JGH.”

Stanz continues to be a shareholder in Jet Genius Holdings, according to the filing.

Angel Stanz history
For his part, Stanz has had his own legal issues in the past.

In May 2018, Stanz was charged by the SEC with defrauding investors by making exaggerated and misleading claims about the medical marijuana company’s business operations and financial condition.

The case was settled without Stanz admitting or denying the SEC’s allegations.

In 2009, Stanz was cited by the Attorney General of Illinois for “alleged phone cramming operations..that placed unauthorized charges on the phone bills of thousands of Illinois consumers, small businesses and local governments.”

As part of the settlement, Stanz agreed to cease participating in the alleged deceptive practices.