Trucept, Inc. (TREP)

[XenaLives]

Brian Bonar - had to pay for ITEC. But I bet he still made money. STTN will go the same way as the rest of his corporations, drain the money and shuffle the assets offshore and to individuals.

Stanford uses the case as teaching material it seems:

http://securities.stanford.edu/1009/ITEC99/

Bonar 's ITEC in the UK:

http://www.duedil.com/company/02623955/itec-industries-limited

Note the above company was closed when the lawsuit above was filed.

The address of ITEC is:
16 South End,
Croydon,
Surrey,
CR0 1DN

That is the address of Averillo Services Inc.. It is listed as corporate secretary. It was run by Peter Nellemose. His companies were brought up three times for investigation of money laundering in the UK. I couldn't find the resolution of these cases on line, but Nellemose reincorporated quite a few times.