IBIZ Technology Corp (fka IBZT)

[Jim Bishop]

Did you read the actual complaint? Pretty interesting. Stuff like this:

http://www.sec.gov/litigation/complaints/comp19571.pdf

"Of the
total proceeds from Firestone's sales, he retained $271,500, or approximately 15
percent, wired $1,336,902 to iBIZ Technology, and wired the remaining $373,283
directly to Schilling and his children."

"From July 2003 to July 2004, iBIZ Technology's inflated stock price and
increased trading volumes permitted the company to extinguish approximately $2.8
million of convertible debt through conversions by the debenture holders. Further,
during this time period, Schilling and Perkins sold, respectively, $292,382 and $773,332
worth of iBIZ Technology shares and Perkins transferred millions of shares to his
relatives, which they sold for total proceeds of $225,404."