Vern, I don't think there was any deliberate fraud by Huff, but I do believe there was fraud and a scam within Globetel to set up Huff. The SEC will only have to follow the money to find the truth. I posted this explanation months ago. Remember also. the Russian deal was set up before Hotzone was purchased by Globetel. Why would Uli sell the Hotzone so cheap if he knew a huge deal with Russia was in the works? I also think he recently got his reward for this.
Posted by: followingte
In reply to:
Date:11/1/2006 8:05:23 PM
Post #of 74568
The question is who set up the Russians to go after Huff and Globetel? Who really organized them?
I think the class action lawsuit will be settled out of court. Too many big names involved.
My thought, I don't think it matters if the agreement was binding or not.
I think the scam was within GTE. I also believe Huff was just a front and took orders from others, (without him knowing he was set up long time ago for the sting).
Lets see you have:
Rubikon Partners with GTE directors: Dorian Klein,
J. Randolph Dumas, , Thomas McLarty Leo A. Daly and Ferdinando Salleo, who from 1989 to 1993 he served as Italy's Ambassador in Moscow. You know when the going got tough, they are gone.
Caterham Financial Management with Przemyslaw L. Kostro, who was involved in one of the biggest securities scam in Australia .
Possibly a partnership in the 2 above.
I don't think it was HBK involved in this.
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."
