NanoTech Entertainment Inc (NTEK)

[peterminator]

FACTS - AUGUST 19

Sentencing date on August 19 is a hearing where Foley has to go in front of a judge and provide proof that of contingencies of the settlement has been met.

The Government has agreed to drop all but two counts – 54 in all – against David R. Foley, including all of the allegations that Mr. Foley misappropriated Global VR intellectual property or trafficked in stolen or counterfeit goods.

Mr. Foley cooperated with the Government through an interview at which he explained in detail the various pieces of the UltraCade system and what rights belonged to whom. Despite a lengthy investigatio n and a large expenditure of public funds, the Government never identified any intellectual property that was wrongfully taken or a single counterfeit mark.

(1.) USDOJ and Foley agreed to settle on 4/11/2013 & filed w/ court on 4/12/2013:

(2.) After the case was settled between USDOJ and Foley, there was a hearing where Foley changed his plea to Not-Guilty on October 15,2012.

http://archive.recapthelaw.org/cand/244225/

Here's the link to the court calendar: (FOR Gsarkisy)
http://cand.uscourts.gov/CEO/cfd.aspx?7143#Notes

Also, Richard C. Cheng is the Assistant United States Attorney who prosecuted the case. If you do not believe this post, check it out yourself by calling [phone] on Monday morning.