Replies to post #50522 on Amazonas Florestal Ltd (AZFL)

[erehdogmai]

It's sad that those who want to sell at 2 can't do that now. AZFL is a WORTHLESS DILUTING SCAM

[Huggy Bear]

The court found that Madera, by its default, was deemed to have admitted the allegations in the Commission's complaint. The Commission's complaint alleged that Madera, a timber distributor, had engaged in fraudulent accounting and reporting practices since its inception in February 1994. Specifically, the complaint alleged that Madera recorded as assets various purported timber producing properties for which it lacked clear title, assigned and recorded arbitrary values for those timber producing properties, recorded revenues from phony sales transactions, failed to disclose significant related party transactions, and caused false sales invoices, shipping documents, cash receipts records and audit confirmations to be furnished to its independent auditors. Madera also issued false press releases concerning, among other things, the company's operations and profit forecasts.

http://www.sec.gov/litigation/litreleases/lr17546.htm

Same exact Ramiro Fernandez scam.

[scon]

Is Amazonas Forestal the same as Amazonas Florestal?