And I have the feeling the SEC might find Chandler's involvement interesting, if they don't already know about it.
In Recycle Tech, the SEC seeks to:
Issue an order barring Rees from providing professional legal services to any person in connection with the offer or sale of securities pursuant to, or claiming, an exemption under Section 4(1) of the Securities Act, including, without limitation, participating in the preparation or issuance of any opinion letter related to such offerings based on his violations of Sections 5(a) and 5(c) of the Securities Act, 15 U.S.C. §§ 77e(a) and 77e(c).
So poor old Rees is unable to work in his profession, unless he wants to wave a red flag in the SEC's face. Of course, if the agency is onto him, he may be doing just that, through the hapless Chandler, who must be a royal idiot.
Rees committed a rather large number of violations of securities law in connection with Recycle Tech. Evidently his law firm was known for helping out shell peddlers.
I wonder if Chandler will get the chance to let his nose dry. His utter ineptitude--if what happened was as innocuous as that, which is open to debate--handed BIZM's head to the SEC on a silver platter.
Interesting about the mailers. Maybe that's a tradition, too. Vincent & Rees went out of their way to be helpful to the RCYT scammers.