Replies to post #1668 on Corix Bioscience Inc. (CXBS)

[was BoxedIn]

What I see:

"I recently discovered other litigation that Ogburn and his wife are involved in in which they are directly and indirectly accused of embezzlement, fraud and securities fraud. In this particular case, Ogburn misrepresented himself with phony background and skills and a forged letter of credit from Wells Fargo Bank, so he could con himself into the position of COO and CFO of Scanware, Inc., As for his indiscretions with Scanware, I'll let the complaint speak for itself:

In February 2015, just months after it was formed, Scanware filed to undertake a public offering of securities by filing an S-1 registration statement with the Securities and Exchange Commission. Commencing in about February 2015, Mr. Ogburn began selling approximately 2,926,000 shares of Common Stock at a price of $0.10 per share, the price proposed in the S-1, to approximately 31 persons. However, at time Mr. Ogburn began selling the shares the SEC had not declared the S-1 effective and, as a result, sale of the shares of Common Stock was not allowed.

Scanware later learned in September 2015 that Mr. Ogburn knew that he should not have sold the securities but did it anyway, that he did not have a list of all investors who purchased the stock, and that he paid or agreed to pay sales commission in cash or stock to persons for selling certain shares of the Common Stock and the recipients of such commissions were not registered broker dealers. Pursuant to federal and state laws, Scanware may not pay commissions to unregistered broker dealers. At the time, the Board of Directors of Scanware and other officers had no knowledge that the sale of stock was unlawful and had no knowledge of the unlawful ommissions.

Scanware also learned in September 2015 that it was paying Mr. Ogburn’s salary as a 1099 payment to his company, Lightwave Capital, which was held in Ms. Ogburn’s name.

Scanware also later learned that Mr. Ogburn was selling his own restricted stock to other purchasers, either directly or through his company, Lightwave Capital, at a price lower than the price of the Company’s shares.

Scanware is informed and believes that such sales did not comply with federal and state securities laws."