AVT Inc. (fka AVTCQ)

[Alan Brochstein]

Well, maybe this will stop the funneling of money to Chairman Illingworth's father. I say it's about time - stop messing around with 10K here and there and get the whole $1mm+, even if it means giving away 5% of the company!

Did you know the irony of Jon Illingworth siphoning money with the preferred stock for working capital loans converted at 18X its value into common stocks? He was a victim of a Ponzi scheme himself two decades ago, allegedly. Ironic...

For five years, Jon Illingworth has led the effort to expose Newport Beach businessman Edgar Dale "Eddie" Allen as a con artist who enjoys a life of luxury by defrauding millions of dollars from conservative Republicans across the country. In September, Illingworth won his biggest victory when a federal judge ruled that Allen gained access to other people's money by deceitfully posing as an affluent Harvard-educated attorney, Wall Street financial genius, and key CIA spy who advised Republican U.S. presidents and had been tortured while a prisoner of war in Vietnam.

But the usually indefatigable Illingworth is exasperated these days. Despite a string of victories—the judge's stinging decision enumerating Allen's "fraudulent modus operandi," occasional media coverage, and the support of real CIA agents and military heroes—he is no closer to collecting the $40,000 he says was "conned" from his family in 1993.

Source

More ironic: I try to expose AVTC, and I get stifled...