@ GoldenAeirie
AS Uma8,Silverstar and others have mentioned, this has been a scam starting back before 2001. The USPS and others did not stop her, she filed false Billion dollar lawsuit and when opposing parties won, E-Smart had $25k in bank to go after to recoup. It cost over $75k to defend baseless lawsuit and judge was probably in 80's and did not understand anything about purported tech. He simply needed to say, SHOW ME WORKING CARD AND SYSTEM and case and E-Smart would have been done 14 years ago.
In any event, I know people who met with Grace, card was taped together and was not a working model yet they said there were 10k cards coming by end of month. There was another company in Sweden that had US patent for fingerprint match on card, it worked and was in process to license to Grace.
When presented with this fact along with several customers who would purchase including Malaysia, Saudi, S African Pensioners and others, Grace came up with Lawsuit as she could not deliver.
She was called out on request for show and tell in 2001, could not and then the lawsuit for $1 Billion dollars was served obviously for visibility along with major publication parroting Grace's false claims. However, there was no money to recoup and parties did not bother to file counter suit as there was no money nor tech.
Few years later parties realized Grace was raising money. Total amount over past 15 years? Who knows but she had squat!
In final, the tech patent was filed in 90's, tech was completed by Swedish company and E-Smart had zip!
I feel so bad for the investors that were duped but had they read prior blogs on financial post would have realized, JUST SHOW ME and would have been end of story.
I have no clue where all the money went but we have some notion of how a good portion of how Grace lived in luxury, spent extravagantly, gave her son and family money from the court documents and it amounts into multi millions.
There is and was NO investment opportunity her, hype only as Grace could not present ONE working card a decade later after she already said in 2001 she had working cards and system.
I am sure most investors hope she goes to prison for her lies and betrayal of so many hard working people simply trying to make a few bucks.
We traced her over a decade ago to the 70's and in 90's she started Telpac- Chinese Telecom but could never prove any business and then acquired Boppers Holdings and hence, E-Smart, a Nevada Corp.
We see her no different than a Madoff- end of story and she needs to be similarly punished.
The story is much longer but suffice to say, hopefully the Feds can find some of the money if she has not spent it all that was invested in this scam. Next Grace goes away equal to time it took investors to earn money they invested into her lies.
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