Artfest International, Inc (fka ARTS)

[Kool Aid Man]

Tron: What LAW has Eddie broken you ask?

Let's start with conspiracy to violate US and international copyright and trademark laws in a scheme designed to DEFRAUD investors by announcing plans to publish $2 million worth of canvas prints based on Barry Wicker's alleged 'Picasso' sculpture. Here's your smoking gun:

http://msnmoney.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=7247641&SessionID=Ycl4HoPVNX9Prm9

Exhibit 2.1, Entry #4: "Seller [Wicker] confirms all rights of ownership to include all copyrights, rights to duplicate, and Seller warrants all legal right thereto with full authority to transfer said rights to Artfest"

Self-proclaimed 'art expert' Eddie Vakser knew damn well that Wicker had no such rights. Vakser also knew that --without WRITTEN authorization from the Picasso estate and their North American licensing agent (Artists' Rights Society www.arsny.com)-- that he would be in direct violation of the above laws. And, by publishing without such authority, Vakser put the entire Artfest company in jepordy.

Despite this, Vakser and his board (all of whom are well aware of copyright laws) went ahead with multiple press releases and statements on his website touting his plans to publish and market these fraudulent prints. The fact that this scheme never got any traction is irrelevant. The real intent all along was to hype his stock and sell shares to investors who took him at his word that he would do what he claimed.

Anyone who invested based on these claims and lost their money should contact the SEC as well as the IRS. The money has gone somewhere ...and since there's nothing of real value to this company, one can only conclude that the CEO and his insiders have pocketed the bulk of the proceeds.