Daleco Resources Corp (fka DLOV)

[virgule]

AICPA - American Institute Of Certified Public Accountants???



-----Original Message-----
From: Marv Eatinger <[e-mail]>
To: issuers <[e-mail]>; dubcongress <[e-mail]>
Sent: Mon, Jan 28, 2013 4:16 pm
Subject: Fwd: DALECO RESOURCES CORP - SEC ISSUER


-----Original Message-----
From: Marv Eatinger <[e-mail]>
To: info <[e-mail]>
Sent: Mon, Jan 28, 2013 11:54 am
Subject: DALECO RESOURCES CORP - SEC ISSUER

Daleco Resources Corporation
SEC ISSUER

Service Providers
Auditor/Accountant Vasquez & Company LLP [[ FROM WWW.PINKSHEETS.COM DALECO COMPANY INFO! ]]

To the Partners
Vasquez & Company, LLP
and the National Peer Review Committee

We have reviewed the system of quality control for the accounting and auditing practice of Vasquez &
Company, LLP (the firm) applicable to non-SEC issuers in effect for the year ended December 31, 2009.

Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer
Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants.
The firm is responsible for designing a system of quality control and complying with it to provide the
firm with reasonable assurance of performing and reporting in conformity with applicable professional
standards in all material respects. Our responsibility is to express an opinion on the design of the system
of quality control and the firm’s compliance therewith based on our review. The nature, objectives,
scope, limitations of, and the procedures performed in a System Review are described in the standards at
www.aicpa.org/prsummary.

As required by the standards, engagements selected for review included engagements performed under
Government Auditing Standards and audits of employee benefit plans.

In our opinion, the system of quality control for the accounting and auditing practice of Vasquez &
Company, LLP applicable to non-SEC issuers in effect for the year ended December 31, 2009, has been
suitably designed and complied with to provide the firm with reasonable assurance of performing and
reporting in conformity with applicable professional standards in all material respects. Firms can receive
a rating of pass, pass with deficiency(ies), or fail. Vasquez & Company, LLP has received a peer review
rating of pass.

BROWN ARMSTRONG
ACCOUNTANCY CORPORATION [<[e-mail]>]
By: Burton H. Armstrong
Main Office
4200 Truxtun Ave., Suite 300
Bakersfield, California 93309
Tel [phone] Fax [phone]
e-mail: [e-mail]
560 Central Avenue
Shafter, California 93263
Tel [phone] Fax [phone]
8365 N. Fresno Street, Suite 440
Fresno, California 93720
Tel [phone] Fax [phone]
Peter C. Brown, CPA
Burton H. Armstrong, CPA, MST
Andrew J. Paulden, CPA
Steven R. Starbuck, CPA
Chris M. Thornburgh, CPA
Eric H. Xin, CPA, MBA
Richard L. Halle, CPA, MST
Aileen K. Keeter, CPA
REGISTERED

From: [e-mail] [mailto:[e-mail]]
Sent: Saturday, June 11, 2011 6:17 PM
To: ETHICS
Subject: DALECO RESOURCES CORP - COOPERS & LYBRAND ACCOUNTING FIRM - AICPA!!!


American Institute of Certified Public Accountants:

Are there certain types of complex white collar public corporation accounting fraud that the AICPA decides to just look the other way because of, "SO TO SPEAK", a big six accounting firm is to big to acknowledge its "ETHICS VIOLATIONS"?

Marv Eatinger


From: [e-mail]
To: [e-mail]
Sent: 6/11/2011 8:51:51 A.M. Central Daylight Time
Subj: UNREGULATED DEMOCRATIC CAPITALISM - DALECO RESOURCES CORP

"AICPA"-AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 10-Jun-11 05:37 pm

Certified Mail #P194 186 950 - received Jan. 6, 1997

M. H. Eatinger
711 No. 92nd ct Suite 408
Omaha, NE 68114

December 31, 1996


Mr. Sheldon P Holzman, CPA
Chairman - - Technical Standards Subcommittee
American Institute of Certified Public Accountants
Harborside Financial Center
201 Plaza Three
Jersey City, NJ 07311

Mr. Holzman:

Enclosed please find a copy of page 1150 from the 1993 Dun & Bradstreet directory. Also enclosed is a copy of your letter to me dated October 25, 1996. Daleco Resources was the partnership of Amiroil International owned 100% by Dov Amir and Coast Exploration Co. owned 100% by Louis Erlich. Amiroil International and Coast Exploration were both incorporated in the state of Nevada. Through this partnership Louis Erlich ( CEO of Daleco Resources Corp. ) and Dov Amir ( President and Chief Operating Officer of Daleco Resources Corp. ) stole from $28,000,000 to $38,000,000 in assets and cash from Daleco Resources Corp. cookie jar. As shown on page 1150 of the 1993 Dun & Bradstreet directory, Coopers & Lybrand ( UNITED STATES ) was involved with this partnership since its inception.

Does the American Institute of Certified Public Accountants still take the position that the Professional Ethics Division cannot initiate an investigation because "the accountants who performed the engagement" were accountants of a foreign country?

Sincerely,

M. H. Eatinger

cc: Allanna Sullivan
Jack F. Chapman, Esq.


I HAVE NEVER RECEIVED AN ACKNOWLEDGEMENT OR A REPLY TO THIS CERTIFIED LETTER!!!!!!!!!!!

From: [e-mail]
To: [e-mail], [e-mail]
CC: [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail], [e-mail]
Sent: 6/5/2011 3:49:22 P.M. Central Daylight Time
Subj: Fwd: SECRETARY OF STATE OF NEVADA - ROSS MILLER - DALECO RESOURCES CORP!

In the past I have found regulatory authorities concerned with Nevada Corporation Statutes to have "looked the other way". Unstrap your six guns and join the United States of America in the effort to combat public corporation financial crime and TAX FRAUD!

Marv Eatinger


From: [e-mail]
To: [e-mail]
CC: [e-mail], [e-mail], [e-mail], [e-mail]
Sent: 6/4/2011 5:27:33 P.M. Central Daylight Time
Subj: SECRETARY OF STATE OF NEVADA - ROSS MILLER - DALECO RESOURCES CORP!

Mary Petterson - Supervisor State of Nevada Amendments Division:

Dear Ms Petterson:

I appreciate your timely and effective response to my recent emails concerning Daleco Resources Corporation. In the past I have never received any response as connected to the below copied emails. I realize that your field of accountability with the Nevada State Government has strictly to do with the Amendments Division. Your timely and effective response was not expected, so this email is just to give you an idea as to what and how crooked Nevada lawyers in the past were able to use their connections and knowledge of the Nevada Corporation filing statutes to circumvent the "Spirit of the Nevada Corporation Statutes" with a simple "stamped" received dated document received by SOS of Nevada almost four months after the "effective" merger date of Reef Resources Corporation and Westlands Resources Corporation. Again, thank you for your integrity!

Sincerely,

Marv Eatinger


----- Original Message -----
From: marv eatinger
To: [e-mail] ; [e-mail] ; [e-mail]
Cc:
Sent: Thursday, May 05, 2005 6:09 PM
Subject: The credibility of regulatory control of the State of Nevada versus Nevada Incorporated Corporations!


Dear Nevada Secretary of State Office:

Here you have a Canadian Company named United Westland Resources Ltd. that is SUPPOSEDLY the 100% owner (as of the November 25, 1981 "Pooling of Interest" amalgamation between Reef Resources Corporation of Canada and United Westland Resources Ltd. of Canada) of two domestic corporations (subsidiaries of the Canadian Parent Companies) in Nevada named Reef Resources Corporation "Reef Nevada" and Westlands Resources Corporation "Westlands Nevada". On October 1, 1983 (fiscal year starts October 1, 1983) the parent company United Westland Resources Ltd. Canada changes the consolidated books (SUPPOSEDLY includes Reef Nevada & Westlands Nevada) method of accounting for oil & gas assets to SUCCESSFUL EFFORTS from FULL COST accounting. However, the reality is that Reef Nevada and Westlands Nevada stay on FULL COST accounting until October 1, 1984 when Westlands Nevada changes to SUCCESSFUL EFFORTS accounting. In order to pull this off in Canada, Reef Nevada and Westlands Nevada are merged using a merger of form rather than substance on October 1, 1983. This way it would appear in Canada that United Westland Resources Ltd. and its 100% owned subsidiary Westlands Nevada would both have to be using SUCCESSFUL EFFORTS accounting when filing consolidated books. The State of Nevada had no idea that Reef Nevada and Westlands Nevada were anything but separate domestic companies until the "AGREEMENT FOR MERGER" between Reef Nevada and Westlands Nevada was filed with the State of Nevada on January 25, 1984. Remember that these two companies were still using FULL COST accounting for oil & gas assets on January 25, 1984! This means that during the 1984 fiscal year United Westland Resources Ltd. would file consolidated books (includes Westlands Nevada) showing SUCCESSFUL EFFORTS accounting for oil & gas assets when in fact Westlands Nevada was using FULL COST accounting during fiscal 1984 for its oil & gas assets. On October 1, 1984 Westlands Nevada would change to SUCCESSFUL EFFORTS accounting.

One of the results (OF MANY), of this accounting manipulation and the manipulation of the effective date of merger between Reef Nevada and Westlands Nevada (October 1, 1983 versus January 25, 1984) as would not be apparent in Nevada and as would not be apparent in Canada (except to COOPERS & LYBRAND accounting firm), was that United Westland Resources Ltd. gained approximately $16,000,000 in un-funded (fraudulent) depletion and amortization and tax loss carry forwards. You write off approximately $8,000,000 in dry holes and dead leases on the Canadian Parent Company books, while at the same time and during the same fiscal year you add in approximately $8,000,000 of the same dry holes and dead leases on Westlands Nevada books! The IRS only sees the Nevada books on FULL COST accounting and the merger on January 25, 1984 and the change to SUCCESSFUL EFFORTS accounting by Westlands Nevada on October 1, 1984 (the start of the 1985 fiscal year).

A more in depth look at United Westland Resources Ltd. initial fraudulent business plan starting in 1977, can be found by reading post #142 by virgule on www.ragingbull.com message board for Daleco Resources Corporation (symbol - DLOV). If the state of Nevada would have read the second page item 1. of the "AGREEMENT FOR MERGER" by and between Reef Resources Corporation and Westlands Resources Corporation that was filed with the Secretary of State of Nevada and signed and stamped as received on January 25, 1984, this entity would have observed that the EFFECTIVE date of the merger described in the above mentioned "AGREEMENT FOR MERGER" was October 1, 1983 ! If you read the above described post #142 on www.ragingbull.com , you will see that Daleco Resources Corporation's on going business plan of deception and possibly fraud has involved the conspiratorial achievements of some major players i.e. COOPERS & LYBRAND ACCOUNTING FIRM AND SHEA & GOULD LAW FIRM ! Is the Secretary of State Office of the State of Nevada another one of these major players?

The bottom line is that if the State of Nevada (Secretary of State's Office) would have read the second page item 1 of the above mentioned "AGREEMENT FOR MERGER" by and between Reef Resources Corporation and Westlands Resources Corporation, it would have been apparent that the EFFECTIVE merger date between these two entities was October 1, 1983, almost four months before this document was filed with the Secretary of State of Nevada's office! UNITED WESTLAND RESOURCES LTD. ( the parent company) AND REEF RESOURCES CORPORATION (Nevada) AND WESTLANDS RESOURCES CORPORATION (Nevada) all had their fiscal accounting year starting on October 1, 1983. FROM THE STANDPOINT OF THE INTERNAL REVENUE SERVICE OCTOBER 1, 1983 VERSUS JANUARY 25, 1984 BECOMES A SIGNIFICANT DIFFERENCE!!!!

Marv Eatinger

THE CASE:

In 1977 Daleco Partnership ( two companies incorporated in Nevada with a parent co.(Daleco Resources Ltd) incorporated in Vancouver, British Columbia ) set about to delineate an oil & gas field in Texas. United Westland Resources Ltd., at that time, was a public co. on the Vancouver Stock Exchange which was incorporated in Vancouver, British Columbia. Daleco Partnership raised money through United Westland Resources Ltd. by selling stock, putting down oil & gas wells & then borrowing money ( loans ) using the successful wells as collateral for the loans. In 1979 Daleco Partnership invented a co. called Reef Resources Corp. which was incorporated in Vancouver, BC. Reef had a subsidiary in Nevada called Reef Resources. Daleco Partnership took all the dry holes & worthless leases that were a result of delineating the Texas field & sold them into Reef Resources through an 8 million dollar common stock issue on the Vancouver Stock Exchange. Since Daleco Partnership never had much, if any, income & was using full cost accounting for oil & gas assets, this 8 million dollars of worthless properties would not have had a reduced tax basis due to amortization & depletion expense. So here you have a partnership that never had any of its own money invested, and yet was able to gain 8 million dollars on the sale of worthless properties. No capital gains tax would ever be paid because the tax basis on Daleco Partnership books was 8 million dollars & that is the price Reef Resources paid for these worthless properties!

THE REST IS HISTORY:

a. In 1980 Daleco Partnership borrowed approximately 6 million dollars & put these loans on United Westland Resources Ltd. parent co. books in Canada ( United Westland also had a wholly owned subsidiary in Nevada named Westland Resources Corporation).
b. In 1981 an illegal pooling of interest amalgamation between United Westland parent co. in Canada & Reef Resources parent co. in Canada was completed. Nevada subsidiaries of these two parent companies were left separate until they were illegally merged (using a merger of form rather than substance) in Nevada on Jan. 25, 1984.
c. The pooling of interest was the accounting cover for the 6 million dollars in loans that Daleco Partnership ended up with but were put on United Westland parent co. books in Canada. Worthless dry holes & leases from Reef were used as debts to offset the 6 million dollars in loans that Daleco Partnership stole through United Westland parent co. books.
d. Oct. 1, 1983 changed United Westland parent co. books in Canada to successful efforts accounting & wrote off 8 million dollars of worthless properties from Reef 1981 pooling of interest.
e. From 1981 through 1984 United Westland subsidiary in Nevada would forfeit back to Daleco Partnership 8 million dollars worth of good properties. This would balance the subsidiary books in Nevada to the parent co. books in Canada after Reef(Nevada) & Westland Resources(Nevada) were illegally merged on January 25, 1984.
f. On Oct. 1, 1984 Westland Resources (Nevada) changed from full cost accounting to successful efforts accounting. Since the merger took place on Jan. 25, 1984 and the fiscal year started on Oct. 1, 1983, Westland Resources (Nevada) would absorb Reef's 8 million dollars of worthless properties into its amortization & depletion base.

TO SUMMARIZE:

1. Daleco Partnership gained 8 million dollars & paid no capital gain taxes from the sale of worthless assets to Reef in 1981. United Westland got worthless properties & Daleco Partnership got 8 million dollars.
2. 8 million dollars of worthless properties were written off Canadian parent company books & added in on the Nevada subsidiary books. This means that United Westland would have 16 million dollars in well costs that were a fraudulent result of the Reef pooling of interest amalgamation in 1981.
3. 8 million of good properties were forfeited back to Daleco Partnership in order to balance United Westland subsidiary ( Nevada ) books to offset the 8 million dollars of worthless properties that were added in by the merger with Reef (Nevada) on Jan. 25, 1984.
4. Daleco Partnership got 6 million dollars in loans & cash that United Westland ended up paying for with forfeiture of assets to the Union Bank of California.

The stockholders of United Westland Resources Ltd. (now Daleco Resources Corp. OTC--DLOV) ended up with nothing!

My question is, did I reinvent the wheel with this case or was this standard business tactics in the 1970's & early 1980's?


THE PLAYERS:

1. COOPERS & LYBRAND--TORONTO--AUDITORS FOR UNITED WESTLAND & DALECO RESOURCES CORP. (FROM 1977 THROUGH 1996)

2. COOPERS & LYBRAND--UNITED STATES--AUDITORS FOR DALECO PARTNERSHIP (two Nevada corporations-Amiroil International & Coast Exploration Company)

3.SHEA & GOULD LAW FIRM (DISSOLVED IN JAN. 1994 AT A SPECIAL NIGHT MEETING OF PARTNERS. ONE WEEK AFTER RECEIVING THE THIRD CERTIFIED LETTER THAT I HAD SENT THEM OVER A PERIOD OF TWO YEARS. THEY NEVER ANSWERED ANY OF MY CERTIFIED LETTERS CONCERNING DALECO'S SEC FILINGS).

4. MARIO V. MIRABELLI (now with Patton Boggs--one year ago was with Baker Hostetler) MANAGING PARTNER SHEA & GOULD UNTIL JAN. 1992. (MANIPULATED UNITED WESTLAND SEC FILINGS INTO DIFFERENT BRANCHES OF THE SEC DIVISION OF CORPORATE FINANCE TO COVER UP THE FRAUD)-MARIO V. MIRABELLI WAS AN SEC ADMINISTRATIVE LAW LAWYER FROM 1969 THRU 1973!

5. CERTAIN NASD EMPLOYEES WHO WERE RESPONSIBLE FOR REPORTING NASDAQ LISTED QUOTATIONS FROM JAN. 1981 THRU SEPT. 30, 1984. (UNITED WESTLAND RESOURCES LTD. NEVER REGISTERED WITH THE NASDAQ SYSTEM FROM JAN. 1981 THROUGH SEPT. 30, 1984. THEREFORE, THEY COULD NOT LEGALLY HAVE BEEN LISTED ON NASDAQ. YET, THEY WERE ABLE TO TRADE THEIR SHARES AS IF THEY WERE LISTED ON THE NASDAQ SYSTEM FROM JAN. 6, 1981 THROUGH MAY 31, 1984 WHEN THEY FILED A 20F REGISTRATION WITH THE SEC). This enabled United Westland Resources Ltd (now DALECO) to not file any financial reports either in Canada or the United States for the fiscal years of 1979, 1980, 1981 & 1982.

6. AND OF COURSE THE MANAGEMENT OF UNITED WESTLAND RESOURCES LTD. (NOW DALECO RESOURCES CORP.--OTC:DLOV).

7. A COUPLE OF CANADIAN LAWYERS IN TORONTO & VANCOUVER!

NOTE: I have all the documents to prove these allegations!


> SEC SEC SEC SEC SEC TEXT SEC TEXT
> DATE FISCAL DOCUMENT HEADER IRS HEADER BODY- IRS BODY
> FILED YEAR DESCRIPTION ID NO. JURISDICTION ID NO. JURISDICTION
> OF------------------OF
> INCORPORATION----------INCORPORATION
> ==== ====== ========= =========== ========= =========== ==========
> 1-14-97 1996 10KSB 953201721 NONE 23-2860739 DE [ SEC DID NOT REALIZE THAT DALECO INCORPORATED IN DELAWARE 10/01/1996 ]
> 1-29-97 1997 DEF14A 953201721 NONE NONE NONE [ IRS NO. 953201721 IS WESTLANDS RESOURCES CORPORATION NO. IN NEVADA ]
> 2-18-97 1997 10QSB 953201721 NONE 23-2860739 DE
> 5-14-97 1997 10QSB 232860734 DE 23-2860739 DE
> 12-30-97 1997 10KSB 232860734 DE 23-2860739 DE
> 5-18-99 1998 10KSB 232860734 DE 23-2860739 DE **[ GARY - 1 FOR 10 REVERSE SPLIT EFFECTIVE FEB. 17, 1998 & FEB. 24, 1998 ]
> 4-17-00 1999 10KSB 232860739 DE 23-2860739 DE [ GARY - SEC HEADER IRS ID NUMBER CHANGES FROM 232860734 TO 232860739]
> 8-10-01 2000 10KSB 232860739 DE 23-2860734 DE [ IRS NO. 232860734 & 232860739 ARE THE SAME LEGAL
> 1-25-02 2001 10KSB 232860739 DE 23-2860734 DE ENTITY WITH NO REORGANIZATION OR CHANGE OF OWNERSHIP!!! ]
> 5-15-02 2002 10QSB 232860739 DE 23-2860734 NV
> 5-17-02 2002 8-K 232860739 DE 23-2860739 NV
> 6-24-02 2002 S-8 232860739 DE 23-2860739 NV
> 7-30-02 2002 10QSB/A 232860739 DE 23-2860734 NV
> 7-30-02 2002 10QSB/A 232860739 DE 23-2860734 NV
> 8-12-02 2002 10QSB 232860739 DE 23-2860734 NV
> 9-3-02 2002 SB-2 232860739 DE 23-2860734 NV
> 10-4-02 2002 SB-2/A 232860739 DE 23-2860734 NV
> 2-25-03 2002 10KSB 232860739 DE 23-2860734 NV
> 2-6-03 2003 DEF-14A 232860739 DE ---------------- NV
> 2-14-03 2003 10Q 232860739 DE 23-2860734 NV
> 2-25-03 2003 10QSB 232860739 DE 23-2860734 NV

===============================================================

**[ 1 for 10 REVERSE SPLIT "effective" Feb. 17, 1998 non-public and 1 for 10 REVERSE SPLIT "effective" Feb. 24, 1998 as filed in SEC documents equals 1 for 100 reverse split of original pre-February 1998 common stock ] SEE ABOVE LINK FRAUDULENT ADDITION OF TWO ZEROS! WWW.YAHOO.COM MESSAGE BOARD FOR SYMBOL DLOV.OB

DEAR FEDERAL GOVERNMENT:

AGAIN, THE BIG BOYS FINESSE THE SYSTEM AND PAY NO TAXES AND JOE SIX PACK PICKS UP THE TAB!!!! IRS ID NO.'S 232860734 & 232860739. [ MARV EATINGER WAS TOLD BY THE HOLTSVILLE LONG ISLAND IRS SERVICE CENTER THAT THE CHANCES OF EVER GETTING TWO IRS ID NUMBERS WITH THE ONLY DIFFERENCE IN THESE TWO NUMBERS BEING THE LAST DIGIT OF (4) & THE LAST DIGIT OF (9) EVEN IF REQUESTED ON THE SAME DAY WERE SLIM TO NONE!!!!! ]