Paradigm Oil and Gas Inc (PDGO)

[tdbowieknife]

Buyer Beware


Paul Strickland and his gang of dilution thugs has dumped another 498,604,450 shares, that's half a billion shares in the last month. The OS is now 5,535,013,039 as of Jan. 5th. Thats billions of shares and with an AS of 20 billion. This is on top of the 2.5 billion that's been added to the OS this year.






Looks like there is no real "change in control"...

Paul Rachmuth and his "company", Phase 1 Operations, are part of the Strickland gang of cons. PDGO just got a new frontman. It's still a share selling scam....

Opinion or Order Filing 418 ORDER, IT IS HEREBY ORDERED that the following persons will appear prepared to testify at the United States District Courthouse, 300 Quarropas St., White Plains, New York at 10:30 a.m. E.T. on December 12, 2022: Edward Bronson; Dawn Bronson; John K ellas; Bruce Bent; Paul Strickland; Paul Rachmuth in his personal capacity, for his law firm, and for Phase 1 Operations, Inc.; Marc Pena, Esq.; and Ryan Stumphauzer. IT IS FURTHER ORDERED that any person ordered to testify who fails to appear with out any legal justification may be subject to a finding of civil contempt. IT IS FURTHER ORDERED that the SEC will serve this Order on each of the witnesses ordered to appear. The SEC and Counsel for Mr. Bronson will confer to the extent necessary to arrange for Mr. Bronson's appearance at the December 12, 2022 Hearing. ( Evidentiary Hearing set for 12/12/2022 at 10:30 AM before Judge Kenneth M. Karas.) (Signed by Judge Kenneth M. Karas on 11/4/22) (yv)

This case above had Paul Stricklands company "Top Knot" AND... Paul Rachmuch involved. And as one can see below the Judge was not at all happy with their scheming behavior.

Filing 241
ORDER: The Court will hold a hearing on June 3, 2021 at 1:30 P.M. to resolve the ongoing disputes regarding Edward Bronsons production of documents and the status of his compliance with the Courts January 19, 2021 Order. (Dkt. No. 223.) At a mini mum, Mr. Bronson and his wife, Dawn Bronson, should be prepared to testify under oath and respond to questions from the Court and the SEC. By no later than May 21, 2021, the SEC should notify the Court whether there are additional witnessessuch a s John Kellaswhom it wishes to question at the hearing, in which case the Court will order these additional witnesses to appear. Separately, the Court notes that although Mr. Bronson's counsel, Paul Rachmuth, provided approximately 200 docum ents to the Court for in camera review on May 1, 2021, Mr. Rachmuth failed to specify the basis for withholding each document as ordered by the Court on April 7, 2021. (Dkt. No. 238). Mr. Rachmuth is therefore instructed to provide the Court with supplemental documentation indicating the basis for withholding each document that was provided to the Court for in camera review. He should provide this supplemental documentation no later than May 21, 2021. Finally, Mr. Rachmuth is instructed to respond to the SEC's May 11, 2021 letter, (Dkt. No. 240), no later than May 21, 2021. In particular, Mr. Rachmuth should address the troubling allegation that Mr. Bronson is using Mr. Kellas as a nominee to control the Top Knot entities, an d is now "using Top Knot to fund [his] family expenses in much the way [he] used V2IP." (Id.) Mr. Rachmuth should also address the SEC's proposed payment plan. (See id.) SO ORDERED., Status Conference set for 6/3/2021 at 01:30 PM before Judge Kenneth M. Karas. (Signed by Judge Kenneth M. Karas on 5/14/2021) (rj)

Some links to some other Paul Strickland/Paul Rachmuth share selling scams.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170471506&txt2find=Paul%20Rachmuth

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167668871&txt2find=Paul%20Rachmuth

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167649040&txt2find=Paul%20Rachmuth


PDGO's accountant David Dreslin

https://www.tampabay.com/news/publicsafety/crime/pinellas-man-charged-with-running-6-million-ponzi-scheme/2161657/

Pinellas man charged with running $6 million Ponzi scheme

A Pinellas man under investigation in connection with a Ponzi scheme that duped investors out of more than $6 million turned himself in to authorities Thursday, the Florida Department of Law Enforcement reported.

Authorities arrested David George Dreslin, 54, of Seminole, and held him on $920,000 bail at the Pinellas County Jail.

The investigation, headed by the FDLE and the Florida Office of Financial Regulation, led authorities to believe Dreslin lured investors to put money up for real estate projects that never materialized, authorities said.

Dreslin, who is an accountant, persuaded clients to buy shares in development projects and promised big returns in a short period of time. But Dreslin never owned all the properties he proffered, and used clients' money as personal income or to pay other investors, the FDLE said.

"Dreslin's victims were convinced to liquidate their retirement accounts and in some instances cash out the equity of their homes," FDLE Commissioner Gerald Bailey said. "For many victims, the scam resulted in the loss of their life savings."

Dreslin is charged with racketeering, conspiracy to engage in a pattern of racketeering activity, sale of an unregistered security, sale of a security by an unregistered dealer, security fraud and organized fraud.

https://www.tampabay.com/news/publicsafety/crime/pinellas-man-charged-with-running-6-million-ponzi-scheme/2161657/

Davids Dreslins CPA license has of course been revoked ...

The individual, partnership, or corporation is no longer licensed as a result of a disciplinary action.

https://cpaverify.org/

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Dreslin’s AICPA membership was terminated effective June 22, 2023. This action is based on the disciplinary action taken by the Florida Board of Accountancy. Whereby, Mr. Dreslin’s CPA license was revoked for violating Florida Statute Section 473.323(1)(j) by having his right to practice as an accountant before the SEC suspended on or about March 12, 2020.

https://us.aicpa.org/forthepublic/disciplinaryactions/2023/dreslin-david-g.html


Let's not forget this over 11 million dollar tidbit...

Management became aware of a Company debt that it previously had no knowledge of. The Company, after doing its due diligence, has acknowledged that the debt is a legitimate debt of the Company. The majority of the debt originated in 2014. Based on the terms and age of the debt the current balance as January 1, 2023 is $11,329,700 which includes penalties and additional interest based on the terms of the note. The amount has been added to the accumulated deficit of the Company. The Company is currently working on options to repay the note.

https://www.otcmarkets.com/otcapi/company/financial-report/385329/content


How they going to pay this off??? With shares of course. About 75,531,333,333, Thats 75.5 Billion...

Looks like they will need to raise the AS to around 400 billion.

The Company is required at all times to have authorized and reserved five times the number of shares that is actually issuable upon full conversion of the notes (based on the Conversion Price of the Notes in effect from time to time)

Paul Strickland, known scumbag diluter



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