Replies to post #89222 on Hop-On Inc (HPNN)

[PRmaniac]

They should file liens against both Hop-ON and Peter Michaels' assets, too. I wonder how long that list is getting?

And if is true that Peter Michaels CEO pocketed money paid for products, he should resign immediately. I understand from another post;that the judgment, describing the CEO's conduct, has been sent to the SEC.

Why the plaintiff didn't try harder to prove punitive damages, when it clearly was intentional fraud by the CEO, is beyond me. The judge said Peter had no intention to deliver products.
A bank robber stealing the same amount could get 20 years.

[Nickelback]

HPNN International fraud?...

Too bad China couldn't deal with this Crook...

http://www.theregister.co.uk/2009/12/08/china_execution/



Chinese authorities have executed a securities trader found guilty of embezzlement to the tune of $9.52m.

However, the whereabouts of the siphoned-off cash is still unknown, Reuters reports - and presumably it will never now be recovered.

Yang Yanming received the death sentence back in 2005 for embezzlement while he was general manager of trading at China Great Wall Trust and Investment Corp, which later became Galaxy Securities.

"Preserve your moral integrity and don't set too much store by business results," Yang told a newspaper just before his execution.

China takes a very harsh line on criminality, although this is the first execution carried out on an erstwhile member of the financial classes.

China carries out more executions every year than any other country, with either the gun or lethal injection used.

While murder, drug trafficking and the like attract the penalty, the state will also happily execute other classes of criminals, with both corrupt officials and businessmen liable to pay the ultimate price if convicted. Executives involved in the notorious tainted baby milk scandal were handed death sentences earlier this year. ®

[PRmaniac]

Re: FRAUD CIVIL JUDGMENT JUNE 2016, $89,100 + allowable cost

and it not only was against the company, but named CEO Peter Michaels as being responsible for taking the customer's cash. The judge commented about the CEO never intending to deliver any product.
At a real company, the board of directors would oust the CEO immediately after the text of the court judgment and judge's scathing comments about Peter. Then, the CEO decides that he will pursue a settlement or other remedy....lol
The time to settle is before you lose in court!
I wonder if the CEO is aware of the judgment recovery assistance program that is in place in California? If the debtor files it could prevent shifting of company (reverse merge into new "shell")assets and could go after personal assets or bank accounts. Unfortunately, a lot of plaintiffs don't take the few minutes to file bad debt claims with the agency.

[interstate]

Yeah this is two lawsuits against the CEO since 2000... both dealing with Fraud... I wonder why twitter have not gotten ahold of this.