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Re: None

Tuesday, 10/01/2024 9:03:39 AM

Tuesday, October 01, 2024 9:03:39 AM

Post# of 162212
Reading the ORIGINAL 3a10 lawsuit in question now, reminder, just like my other cited case, these were "court approved" 3a10's and yet... they still went to jail or are being charged with fraud, Why? Because when you lie to the court to get a court approval, that is fraud.

In typical 3a10's, there are a series of questions you have to go through to see if you apply. In this case, they just lied about it. Had they said they were an affiliate or were going to kick money back to the company after citing the REAL law they would not have received the court approval. What Jakey and his idiot lawyer did was, not cite the law but simply state the opposite of the law. Here are the series of questions this other 3a10 had to lie about to get approval:

Creditor has no present intention to utilize any of the proceeds to be
received from Purchaser to directly or indirectly, provide any consideration to or invest in any
manner in the Company or any affiliate of the Company.



Jakey is of course, doing this and bragging about it. The thing is, you can't to that. The other case I cited they all did jail time because of JUST this part.

Within the past ninety (90) days, Creditor [__] has, [x] has not been,
directly or indirectly through one or more intermediaries in control, controlled by, or under
common control with, the Company and is an affiliate of the Company as defined in Rule 144
promulgated under the Act. Creditor is not a broker or dealer in securities.



Very specific question, because that is in fact the law as stated on the SEC website. Word for word. Jakey and his idiot lawyer hid this from he judge stating, as you guessed it, the exact opposite of the law.

Jakey of course is in fact an affiliate, he does not dispute this. He just, with his idiot lawyer, decided it was wise to lie to the judge about it. Now someone is being charged for fraud, even with a court approved 3a10, well... because he lied to the court just like Jakey and his idiot lawyer.

On top of that, just like the other case, the money was used for capital formation and as a kickback to other affiliates, which of course is what Jakey is doing. In the BCAP 3a10, his buddy is getting a big fat $1m kickback.

All of these things always come up on all documents like this created by real securities attorneys because its THE LAW AND THEIR JOB IS TO ENSURE THOSE INVOLVED IN THE TRANSACTION AREN'T BREAKING IT. Jakey's idiot lawyer is not a securities attorney, his first 3a10 was for Jakey, his second for Jakey as well. The best part is, I have confirmed through minmium 5 methods that Jakey and his idiot lawyer did in fact read the law and decided to proceed with their fraud anyways. I freaking love it. They confirmed:

On Twitter
On iHub
In Court Docs
In Email
In Company Filings
On Idiot Lawyer's Website

I love it when they confirm they read the SEC 3a10 bulletin on affiliate restrictions, the lawsuit where people went to jail for using the 3a10 as capital formation, etc... then they go and do it again and announce it as their business model. Jakey's idiot lawyer, as far as I can tell from the filings and Jakey's social media posts, is being directly compensated on a monthly basis from the funds obtained from the 3a10... meaning he is directly benefitting from the fraud. I don't know how he gets out of it, he is the one KNOWINGLY lying about the law to the court.

This is going to be a juicy on for my victory wall next to CRKM , HPIL, and others.
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