UC Hub Group Inc.(fka UCHB)

[liketotravel]

"that's all out of text, making assumptions"

If my post is "all out of text, making assumptions" feel free to point it out. What I posted was/is right from the SEC concerning the charges against Larry Wilcox!

Note the words "knowingly" in the SEC charges below!

Well try this "TRUE UCHB DD"; http://www.sec.gov/litigation/complaints/2010/comp-pr2010-187-wilcox.pdf

SECURITIES AND EXCHANGE COMMISSION, ) ) Plaintiff, ) v. ) ) ANTHONY MELLONE, ) ALEX PARSINIA, ) LARRY WILCOX, ) MACADA HOLDING, INC. f/k/a TRI-STAR HOLDINGS, INC., )
ZCOM NETWORKS, INC., and THE UC HUB GROUP,

E. The First UC Hub Restricted Stock Purchase and Kickback
48. As early as August 2008, Mellone introduced Wilcox to the cooperating witness as another individual who might be interested in the kickback scheme. Like Mellone and Parsinia, Wilcox sought investment entities willing to accept kickbacks in exchange for buying large amounts of his company’s stock.
49. Through a series of telephone calls with the cooperating witness in December 2008, Wilcox agreed to pay the trustee a kickback if the pension fund purchased more than 1.5 million restricted shares of UC Hub stock.
50. As before, the cooperating witness informed Wilcox the trustee owed a fiduciary duty to the pension fund, and there would be a problem if the Commission discovered the kickback. Wilcox agreed to mask the kickback by entering into a consulting agreement with Great Lakes. On December 7, 2008 UC Hub entered into the agreement.
51. On January 7, 2009, Wilcox met with Mellone and the cooperating witness in Fort Lauderdale to finalize the kickback scheme for UC Hub. Later that same day, pursuant to a subscription agreement, the fund purchased approximately 800,000 restricted shares of UC Hub common stock.
52. Five days later, the FBI wired $20,000 to UC Hub’s bank account. On January 22, 2009, UC Hub issued a stock certificate for the shares to the fund.
53. On January 30, 2009, Wilcox paid a kickback of $8,000 via direct deposit to Great Lakes’ bank account.
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54. Mellone accepted a $1,000 kickback from the cooperating witness for arranging this deal.
F. The Second UC Hub Restricted Stock Purchase and Kickback
55. Happy with the results from the first UC Hub scheme, Wilcox asked Mellone, the cooperating witness, and the agent to arrange another fraudulent deal.
56. On February 10, 2009, pursuant to a subscription agreement, UC Hub sold an additional 800,000 restricted shares of stock to the fund. On February 17, 2009, the FBI wired $20,000 to UC Hub’s bank account.
57. The next day, Wilcox paid a kickback of $8,000 via direct deposit to Great Lakes, and on February 19, 2009, UC Hub issued the stock certificate to the fund.
58. this deal.
59. Complaint.
Mellone accepted a $1,000 kickback from the cooperating witness for arranging
COUNT I Fraud In Violation of Section 17(a)(1) of the Securities Act
The Commission realleges and incorporates paragraphs 1 through 58 of its
60. use of the, means or instruments of transportation or communication in interstate commerce and by use of the mails, in the offer or sale of securities, as described in this Complaint, knowingly, willfully or recklessly employed devices, schemes or artifices to defraud.
61. By reason of the foregoing, the Defendants, directly and indirectly, violated and, unless enjoined, are reasonably likely to continue to violate, Section 17(a)(l) of the Securities Act, 15 U.S.C. §77q(a).
From May 2008 through March 2009, the Defendants directly and indirectly, by
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Case 1:10-cv-23609-JAL Document 1 Entered on FLSD Docket 10/07/2010 Page 12 of 15
COUNT II Fraud in Violation of Section 10(b) and Rule 10b-5 of the Exchange Act
62. The Commission realleges and incorporates paragraphs 1 through 58 of its Complaint.
63. From May 2008 through March 2009, the Defendants, directly and indirectly, by use of the means and instrumentality of interstate commerce, and of the mails in connection with the purchase or sale of securities, knowingly, willfully or recklessly:
(a) employed devices, schemes or artifices to defraud; (b) made untrue statements of material facts and omitted to state material
facts necessary in order to make the statements made, in the light of
the circumstances under which they were made, not misleading; or (c) engaged in acts, practices and courses of business which have operated, are now operating and will operate as a fraud upon the
purchasers of such securities. By reason of the foregoing, the Defendants directly or indirectly violated and,
64. unless enjoined, are reasonably likely to continue to violate Section 10(b) of the Exchange Act, 15 U.S.C. § 78j(b), and Rule l0b-5, 17 C.F.R. § 240.