Replies to post #31476 on MHHC Enterprises Inc (MHHC)

[nodummy]

The SEC Order was against Samuel Oshana's old company IBC Funds LLC which was ordered to Cease & Desist and to pay back money it made

https://www.sec.gov/litigation/admin/2016/33-10042.pdf

One of the beefs the SEC had (besides the backdated debt and bogus invoices used for the debt to share transactions and the kickback arrangements that Oshana made with the public companies by selling the stock first then paying off the debt second) was that IBC Funds LLC was acting in the capacity as a broker deal in the transactions and was not registered to do so.

I don't think Samuel Oshana was specifically named so he just made a new company, Rockwell Capital Partners Inc, and hired a dirty broker/dealer (Meyers Associates LP/Windsor Street Capital LP) to act as an intermediary for the 3(a)(10) debt to share transactions.

I think there are still major issues with his deals like the fact that much of the debt in most cases is only days or weeks old and not aged and the fact that many of these tickers he is dealing with have reporting issues and shell status issues.

I think there is a reason that Samuel Oshana stopped using Rockwell Capital Partners Inc (see the following posts)

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129399759

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130349042

and is now using Northbridge Financial Inc with his long time buddy Giangi Ratto as a front.