Home > Boards > Free Zone > Penny Fundamentals > DD Support Board and Fraud Research Team

I wonder if Tony Papa's name will surface

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
samsamsamiam Member Profile
Followed By 312
Posts 25,396
Boards Moderated 2
Alias Born 10/07/10
160x600 placeholder
samsamsamiam   Monday, 07/25/11 11:55:26 PM
Re: janice shell post# 13536
Post # of 132981 
I wonder if Tony Papa's name will surface - soon.
Wasn't Dan Ryan working with him as well? (with MCCY I think)

CONTACT: Financial Access Solutions Technology Inc.
Tony Papa, President


Finkelstein Capital Inc.
Jean-Francois Amyot, Corporate Finance Advisor

Financial Access Solutions Technology Nominates Jean-Francois Amyot to the Board of Directors
Market Wire, October, 2005
Financial Access Solutions Technology (OTC: FLST) a technology provider, specializing in point-of-sale, card products and transactional software solutions for North American merchants announced that Jean-Francois Amyot was nominated to the board of directors and appointed Chief Financial Officer.
Further to the nomination, Mr. Peter Preston resigned from the board of directors and will retire. "We would like to thank Mr. Preston for his service with our company, his contribution will be missed," said Tony Papa, Chairman of the company.

Also saw the Tax Man was looking for him!

Google translated:
The tax claims $ 18 million to a businessman and his wife
Posted May 10, 2008 at 00:00 | Updated May 10, 2008 at 7:52

André Cédilot

After having all the miseries of the world to unravel the assets of one and the other, tax inspectors have fallen tooth and nail on the businessman Tony Papa and his wife, which they claim 18.6 million in unpaid taxes for the years 2002 to 2007.

Pending payment, they froze the assets of the couple, estimated at nearly 10 million, including a luxurious $ 1.4 million home in Hampstead, a "cottage" of $ 200 000 in Saint-Sauveur and a condo 1 , $ 5 million to downtown Montreal.

During these six years, says the Canada Revenue Agency in a document filed at the Registry of the Federal Court in Montreal, Micheline and Tony Papa Gallo, both shareholders of a small hair salon on the Boulevard Décarie, have no less camouflaged 25.3 million in taxable income to the Canadian government.

Tony Papa said $ 706.309 and his wife, $ 262.315.

According to federal officials, the couple has bypassed the system by using a family trust as a front. They also used their 11 year old girl as a proxy by passing a total of $ 500 000 in his bank account.

They also praised the name of the Château de Beauté Evita two Ferrari 360 of 2004 and an Audi A-8 of 2006. Officially, Papa does not own a car, while Micheline Gallo led an Acura MDX it paid $ 62 350 at the end of 2006.

"Penny stocks"

Papa and his wife - she is the sister of Moreno Gallo, one of the highest rated Mafia in Montreal - derive much of their income from loans and stock transactions of shares of low value (the famous "penny stocks" , as they are known in financial circles).

In 26 months, from September 2005 to October 2007, Papa and his wife have exchanged more than 246,000 shares through a dozen brokerage accounts or securities dealers in Montreal, Hamilton and Vancouver.

As many as 1500 transactions of the famous "penny stock" were made. September 26, 2007, nearly 10 million shares of small companies were transferred to Panama.

Between June 27, 2006 and October 23, 2007, amounts totaling $ 7.1 million in Canadian and U.S. were removed from their brokerage accounts to be found in various bank accounts in their names or that of the trust Tony Papa.

Worried about "the large number of unusual transactions in" penny stocks ", three financial institutions in Montreal have stopped doing business with him. The audits showed that the name of Tony Papa mentioned in several press releases on the site B. Net about Financial Access Solutions Technology.

FLST known by the acronym, the company has already called Bach-Hauser and ABV Gold.

Former owner of a chic restaurant on the Boulevard Saint-Laurent, which closed its doors, also Papa hidden tax exchanges of cash and shares totaling more than $ 600 000 with people from Montreal's underworld, which the fraudster Stewart Goldstein, who had a gambling debt of 1.2 million with Rizzuto clan, Joey and Sollecito, the son of Rocco Sollecito, one of the mafia bosses arrested in Operation Colisee in November 2006.

The names Tony Papa and his brother-Moreno Gallo emerged in this investigation mafia lasted five years. Gallo is currently imprisoned for breaking his word during his parole.

October 24, 2005, the RCMP intercepted including coffee Consenza, headquarters of the Sicilian clan, a conversation in which some complained that Joe Renda Papa Gallo Micheline transferred to three million shares owned by his wife forged his signature .

According to Renda, who threatened to attack Dad, it would have tried to do the same with the actions of Stewart Goldstein. Renda was seeking the intervention of the highest levels of the Mafia. In case of refusal, he requested permission to address the problem itself.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist