1. Created a cryptocurrency (DSC Coin) and released it for sale on May 4, 2021.
2. LIED about the crypto currency being backed by more that $100,000,000 in assets.
3. This lie was then broadcasted to select shareholder between May 4 to May 11, 2021 on Twitter and other social media outlets.
4. This inside information was used to create a FOMO driven campaign that generated more that 1,500,000,000 shares of DSCR to be sold, netting the conspirators more than $50,000,000 in ill gotten gains.
5. Deliberately conceals DSC coin sales amounting to $2,500,000 for ALL mandatory financial reports, including 'Subsequent Events" disclosure.
This conduct is one of many transgressions this company took out against the interest of the minority shareholders. They need to be made accountable.
The Cliff Notes Version of DSCR Fraud
PART I - The illegal Increase of authorized common stock capital
In July of 2018, unable to produce ANY, revenue, DSCR is forced to convert a $300,000 Convertible debenture. Brushing up to the 5,000,000,000 (5 billion) authorized common stock capital DSCR had to increase the authorized capital to 10,000,000,000 so that the $300,000 could be converted into common shares of DSCR.
To do this DSCR management submitted multiple false statements, to the secretary of State of Wyoming between June and July 2018. The purpose of these submitted false statements was to raise the common stock authorized capital from 5,000,000,000 to 10,000,000,000. All without minority shareholder notice or approval in violation of Wyoming statutes.
PART 2 - How does DSCR sell newly minted common shares
Now with a new 5,000,000,000 additional common shares authorized, DSCR converted the $300,000 into billions of newly issued shares to be sold
PART 2a - The DSC Coin
In March 2021, DSCR started promoting the DSC coin. A cryptocurrency created with the help of ALT 5 Sigma out of Canada.
To sell this DSC Coin, DSCR lied to buyers of this by representing that the DSC coin was "backed" by more than $100,000,000 in assets, representing 21,000 Bitcoin, 21,000 Ethereum, 21,000 ounces of Gold and 21,000 ounces of Silver.
This false statement induced more that 500 sales of the DSC coin between May 4, 2021 and June 30, 2021, Producing more than $2,500,000 in sales revenue which DSCR purposely omitted and concealed on ALL forward mandatory OTC filings.
PART 2b - Turing DSCR followers into broadcasters of inside information.
On May 4, 2021 DSCR launched the DSC coin, which it broadcasted to its 3,300 Twitter followers. In the week between May 4, to May 11, 2021 DSCR converted its social media followers to broadcast to others, non public inside information concerning an upcoming national press release announcing the DSC coin.
The results of this produced more than 1,400,000,000 (one billion four hundred million) shares to be sold netting the insiders more than $50,000,000 in ill gotten gains.
PART 3 DSCR Concealment of Common Stock Authorized Increase
DSCR never disclosed the increased in authorized capital from 5,000,000,000 to 10,000,000,000 in ANY OTC mandatory report. Going as far to OMIT it from the "Subsequent Events Section" of the mandatory filed reports.
DSCR never disclosed the revenue derived from the DSC Coin sale amounting to more that $2,500,000 in undisclosed revenue.
DSCR never disclosed to shareholders that it increased its authorized from 5,000,000,000 to 10,000,000,000 to accommodate the $300,000 convertible debenture owner.
DSCR never held a shareholder notice, or vote to increase the authorized capital of DSCR in violation of Wyoming law.
DSCR has never produced any legal revenue in all the years in business, with its only source of $$$ via selling shares.
This is a criminal conspiracy that has defrauded 1,000's of people out of hundreds of millions of dollars, These people that did this, need to be held accountable in a court of law.
Every complaint helps and hopefully these criminals will be made accountable in a federal court.
$DSCR Evidence in Support of a Securities Fraud 10b-5 Investigation 240.10b-5 Employment of manipulative and deceptive devices What are the elements of a 10b-5 claim?
“To succeed on a Rule 10b-5 fraud claim [based on an untrue statement or omission of a material fact], a plaintiff must establish:
(1) a false statement or omission of material fact;
(2) made with scienter;
(3) upon which the plaintiff justifiably relied;
(4) that proximately caused the plaintiff's injury.
In support of the above the following evidence is provided:
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