Bancorp International Group Inc (fka BCIT)

[mretgnol]

camper..

And who is responsible for authenticating the transfer agent?

Usually these situations do not occur because an active Transfer Agent will receive the bogus shares. The answer as to who was supposed to recognize Pam's fraud was....the active Transfer Agent at the time Pam tried to take over.

Who was that? I'd like to know the answer.

As for how Pam and Mario were able to hyjack the shell, that responsibility falls upon either Megas (who was clearly not paying attention) or his buddy Stewart Sytner (who is now in deep crap for his role in the scamming of nearly $20 Million from Sentinel and has a history of hanging with scammy people).

Or can the DTCC just accept certs from anyone who says they are the Transfer Agent for a company?

The DTCC does not "accept" certificates to begin with. The DTCC is a book ledger system. People deposit shares with their broker. Broker compliance verifies with the T/A if the shares are real or not. Your brokerage account posts the shares. The DTCC only knows which brokerages have which share amounts when the brokers posts their positions to the DTCC.

See...that's where I get pissed. Certain people on this board keep acting like the DTCC is some sort of cert holding center when in fact, the pool of shares are actually held by Cede.

Sadly, those "booked ledgers" at the DTCC are 100% controlled by the brokers.