Global Diamond Exchange, Inc. (GBDX)

[Tacoz]

So what about the complete financials that were promised "shortly" in 2006 and then again in April according to the rumor you posted about the GBDX First Global transfer agent Helen Bagley? According to the news, she is in deep for fraud documents on CMKM and lawyers are trying to bar her from working in the industry.


http://www.diamonds.net/News/NewsItem.aspx?ArticleID=21239

"faulty documents through CMKM's transfer agent, 1st Global Stock Transfer LLC, and its owner, Helen Bagley, were issued by the stack without restrictive legends."

"The commission charged CMKM, Casavant, Edwards, Gutierrez, Kinney, the Tomassos, 1st Global, Bagley, NevWest, Anderson, Rumyantsev, Santos, and Dvorak with violating Section 5 of the Securities Act of 1933 by participating in an unregistered distribution of securities. The commission also charged CMKM and Casavant with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. In addition, CMKM is alleged to have violated Sections 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act, and Casavant is alleged to have violated Rule 13b2-1 under the Exchange Act. Finally, the Commission charged Casavant with aiding and abetting CMKM's violations of Sections 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act, as well as violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a 13 thereunder for which CMKM was previously found liable in an administrative proceeding.

The commission seeks a permanent injunction against all defendants. The commission also seeks an accounting, disgorgement with prejudgment interest, and civil penalties against Casavant, Edwards, Gutierrez, Kinney, the Tomassos, 1st Global, Bagley, NevWest, Anderson, Rumyantsev, Santos, and Dvorak. In addition, the Commission seeks a penny stock bar against Casavant, Edwards, Gutierrez, Kinney, Anthony Tomasso, Kathleen Tomasso, Bagley, Anderson, Rumyantsev, Santos, and Dvorak. Finally, the commission seeks an order prohibiting Casavant from acting as an officer or director of any public company."