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Friday, May 18, 2012 12:31:59 PM
the loss of $125,000 "is recorded as a current liability as of September 30, 2006."
**soon the BCAP crime syndicate will be shut down by the SEC**
247MGI, INC. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=63106
Company Information and Disclosure Statement
For the period ending September 30, 2011
-Litigation
During February 2005, a lawsuit was commenced in the Supreme Court of the State of New York, County of
Monroe, under the caption Stephen E. Webster v. Richard Dwyer, Matthew P. Dwyer, Phillip Mistretta, Total
Digital Displays, Inc., Leslie W. Kernan, Jr., Lacy Katzen LLP, et al. The plaintiff, Stephen E. Webster,
previously purchased a $125,000 debenture from Total Identity Corporation and is seeking payment of the
convertible debenture by alleging that he was fraudulently induced to purchase the debenture. The Company has
filed various motions in its defense and in September 2005 a judgment was granted against the Company and
other parties for $125,000 plus 9% interest per annum. In February of 2006, the judgment was vacated. In March
of 2006 the Company’s attorneys filed a motion to withdraw as counsel, which was granted. On August 2, 2006
the Supreme Court granted a judgment against the Company for $125,000 and post judgment interest at 9%. The
judgment is recorded as a current liability as of September 30, 2006.
------------------------------------------------------------
What does this prove?
Simple: Matthew Dwyer is a fraud. This case proves he entices innocent investors to buy POS stock. He has scammed before, and will never stop IMO.
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