George MacLeod and his wife both worked with BONAR... and they learned a lot from him:
September 7, 2012 Pat Clem, Assistant Director FINRA 9509 Key West Avenue Rockville, MD. 20850 Re: George Iveagh MacLeod Dear Ms. Clem:
In looking over the FINRA website, I was impressed with the organization’s mission statement which reads as follows:
FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry. I was also impressed with the reputation for integrity that you've developed on the Investor's Hub stock boards. This mission statement and my belief that you are seriously dedicated to fulfilling that mission have encouraged me to write this letter regarding a very serious matter our publicly trading company, as well as others, are experiencing.
It is my belief --and that of several stockholders, consultants, and employees of GeckoSystems-- that Mr. George MacLeod has manipulated and continues to manipulate various Pink Sheets stocks such as ours. Our trading symbol is GOSY.
Mr. MacLeod was involved with our company's original attempt to take us public in 2006. We terminated him in 2007 soon after realizing his activities were designed to harm and take over GeckoSystems. This became apparent after he introduced us to Big Apple Consulting, Reed Wallace (see SushiTrend v Reed Wallace US Court District of Nevada), a company in the UK called ProDec (that wanted to steal our IP), and finally attempting to sell off the European rights to our suite of technologies to John Kenneth Little for under $200,000.
We have since discovered that Mr. MacLeod's trail of stock manipulation began in Canada and the UK with multiple operations associated with Brian Bonar, John Capezzuto and Peter Nellemose. His career continued with Pharmessence and High Road International in Southern California, assisted by Mr. Bonar's associate, Gerry Berg. He then moved in on SushiTrend in Las Vegas, NV assisted by Mike Iwakata of Japan and Reed Wallace (see court filing referenced above), Jerry Alexander and David Stocker. His next victim was our company, GeckoSystems in Conyers, GA, introduced to the company by his SushiTrend's accomplice, Jerry Alexander. We believe his final scam before abandoning his Florida home and hastily retreating to the UK was with a company called Novahead in Phoenix, Arizona.
Mr. MacLeod continues to operate off shore, having facilitated a LoanCheck business in the UK which we believe to be yet another scam. From our research this business was funded by Wakabayashi Fund in Japan. Wakabayaski's US operations are run by Janet Diller Stone and Jeffrey Stone, both of whom have been sanctioned by the SEC. George MacLeod and his daughter Anna Louise MacLeod ran Ascot Legal for LoanCheck. It appears to have been the arm of the company that distributed funds. Recently MacLeod was named as a “consultant” for Aspire (APIT) that, according to our investigations, is being promoted off shore principally; we have been told that he was clearing around $50k per week despite the fact that there is almost no liquidity in the US market.
These are just some of the illicit enterprises George MacLeod has been involved in, we know of more and I am sure an investigation by FINRA will uncover additional, substantive information. We believe that information could result in criminal RICO charges for many of those involved. I have attached additional documentation and details known to us.
In coordination with Mr. Neil T. Wallace, (brother of above named Reed Wallace and a licensed attorney in FL and NY), Mr. MacLeod has filed two frivolous lawsuits against GeckoSystems for the sole purpose of exploiting that adverse publicity to depress GOSY's stock price, enabling him and his associates to carry out massive, off shore naked shorting of GOSY stock. The second suit filed by Mr. MacLeod was for defamation. Neil T. Wallace, using Wallace's home address, and bearing a signature of one "George McLeod" that does not match signatures by George MacLeod, filed it. Mr. MacLeod's legitimate signatures are on file with GeckoSystems. In November, 2007, soon after we terminated Mr. MacLeod, one of his associates, John Kenneth Little, filed a frivolous lawsuit against our company. It was withdrawn with no attempt to pursue this meritless complaint. We believe that it is highly likely that Mr. Little has a buyer for GeckoSystems robotic technologies and is still trying to drive the stock price down in an effort to bankrupt the company and seize control.
In total, Mr. MacLeod and Mr. Wallace have acted in concert in the filing of seven lawsuits against GeckoSystems or myself as CEO. These suits have been filed in three different states. Each time a new suit is filed internet stock boards are inundated with false information about the filings and dire predictions of the legal outcome in order to depress the stock price Mr. MacLeod also seems to be in the money laundering business given his association with numerous business entities in Asia and Europe with company names, which are strikingly similar to companies in the US that he was involved in. GeckoSystems Europe was to have been turned over to a US corporation but no notice of dissolution was filed until April of 2011. We are concerned that funds from the sale of forged GeckoSystems stock or money laundering may have occurred through that entity. An additional reason for this concern is because an investigator for the company was told that $100,000 was wired in from Nigeria for the purpose of establishing an “IR company” and a trading account.
Mr. MacLeod has a long time and known association with market maker BMA Securities. GeckoSystems was referred to them as a consultant by him for our 15-c211 registration with FINRA. They terminated their relationship with us as soon as we fired Mr. MacLeod. We know that BMA continued their relationship with Mr. MacLeod (see the attached correspondence) subsequent to his termination by us.
GeckoSystems also believes Mr. MacLeod has close ties with other market makers such as Sunrise Securities Corp. (SUNR) and The Vertical Trade Group (VERT). Our company has been inundated by calls from “consultants”, some of which have been sanctioned by the SEC and prohibited from dealing with securities. It appears that these relationships were developed while he was in the US and continues to be maintained since his hasty move back to the UK. BMA Securities is of a concern at this time because in August the trading patterns were highly irregular, as reflected in the monthly volume totals on www.otcbb.com for GOSY. The volume done by The Vertical Trading Group is also unusual. VERT was frequently “bid sitting” during the month which seemed unusual.
Mr. MacLeod, and/or an associated cartel, is believed to employ several parties on message boards such as to routinely disparage Pink Sheet companies to enable his off shore naked shorting of them to continue for months, if not years. The aliases “ ” and " " are used on . They are infamous for their repetitive, toxic, disingenuous bashing. We strongly believe this person is Neil Wallace and he is working with MacLeod's group, targeting specific companies to bash and depress the stock prices. One of those companies is JBII. FINRA or the SEC may already have an ongoing investigation into his activity in relation to this stock.
Ms. Clem, thank you for taking the time to review this correspondence. We felt it was the right thing to do to bring to your attention stock trading activities orchestrated by Mr. George MacLeod which we believe are being done to the detriment of GeckoSystems as well as other honest and ethical Pink Sheet companies.
Sincerely, R. Martin Spencer President/CEO Attachments cc: file SEC BMA Securities
