Big Apple consulting in trouble - charged with fraud, etc.
Excerpt: U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21305 / November 18, 2009
Securities and Exchange Commission v. Big Apple Consulting USA, Inc., MJMM Investments, LLC, Marc Jablon, Matthew Maguire, Mark C. Kaley, and Keith Jablon, Civ. Action No. 09-cv-1963 (M.D. Fla.) (JA)
SEC Charges Investor Relations Firm and its Executives with Fraud, Registration Violations, and Acting as an Unregistered Broker-Dealer
.......................continued...see sec website.
Note to all:
HRNF claimed they stopped using them earlier in 2009.
Big Apple still was involved in the proposed deal HRNF was trying to do with Natural Harmony Foods.
Here is an excerpt from Natural Harmony's shareholder update (May 2009). The link to the document can also be seen in the IBOX
.....
Funding. In January, with no other apparent option, we entered into an agreement with Big Apple Consulting. They were to help us raise one million dollars or more, bring more market makers to our stock and assist us in moving to becoming fully reporting. About 6 weeks into the agreement they admitted that they were not having success raising funds nor helping the stock activity. They did propose a deal with Heathrow. We signed a Letter of Intent to be acquired by Heathrow. Through our subsequent due diligence we became concerned that Mr. Mike Pagnano and his companies were known for putting out tons of shares, then doing major reverse splits with little concern for the long term success of the underlying company. At the close of the 30 day period, we notified Heathrow we had no interest in going further with them.
On May 1, we notified Big Apple that we wished to terminate our agreement with them immediately with no further obligations by either party. They have yet to respond.
