Bancorp International Group Inc (fka BCIT)

[dc_350]

From the filing:

7.

A third-party, Mario Pi no ("Pino") obtained a valid stock certificate of Bancorp,

took it to a professional reproduction facility, and prepared numerous blank "stock certificates"

of Bancorp (the "False Certificates") in the likeness of the valid stock certificate. Pino then,

individually and in conspiracy with others, embarked upon a scheme to distribute the False

Certificates by falsely endorsing upon each certificate: (i) a false certificate number; (ii) the

name of a false "registered holder" of the False Certificate; (iii) a false number of shares

represented by the False Certificate; (iv) a false CUSIP number; (v) the name of a contrived

transfer agent; and (vi) the signature of the President and Secretary of Bancorp.