Replies to post #92942 on JP 3E Holdings Inc (JPTE)

[I ll be back]

Deeper dive!

It's interesting that DFSA had to create a scam division on companies setting up fake websites. It's also interesting that when I did a google search for this company that the DFSA link popped up.

https://www.khaleejtimes.com/corporate/dubai-warns-of-fake-companies-heres-how-to-identify-them

The Dubai Financial Services Authority (DFSA) on Thursday warned of frauds in which scammers falsely claim to be an authorized firm based in the Dubai International Financial Centre (DIFC) and regulated by the DFSA.

In such scams, the scammers impersonate or clone the legitimate authorised firm by:

> Setting up a fake website. The fake website often looks identical to the real website of the legitimate company. The website addresses are also similar with one or two small differences. In one example, the legitimate company's website address followed the formula "AB.com", whereas the fake website address used "A-B.com", i.e. with the addition of a hyphen.

The DFSA has a page on its website devoted to alerts in relation to scams, including scams which misuse the name of the DFSA and/or the DIFC. All Alerts issued by the DFSA may be accessed by going to: ALERTS

When I entered in this company; look at what came up.

Pending review: the individual has referred the DFSA’s decision to the financial Markets Tribunal (FMT) for review.

In reviewing the company's website, they have no links to breaking out active petrol fields.
https://www.xn--zh-eka.com/petrol-group

[Kool Aid Man]

ANOTHER OTC SCAM SHUTDOWN LOOMING....EXAMPLE----

For those who mistakenly think the SEC doesn't act swiftly to shut down lying frauds on OTC shells and CE's... here's one I helped expose and shut down. It was run by a broke married couple that made endless bombastic bogus claims of huge wealth even while slapped with CAVEAT EMPTOR. (John Park apparently graduated from their "how to write crazy OTC PR's" course-- https://www.otcmarkets.com/stock/EFLN/news Click "Company Profile and do a Google street view of their company address).

Like Park, they knowingly used a bogus OZTURK HOLDING-type benefactor as their source of funding as the ''pay a few bucks for a financial asset" certificate below shows. Unfortunately for them they mistakenly believed such a blatant scam would provide them legal cover in order to stimulate the unwarranted buying of shares. THIS WAS REPORTED TO THE SEC WHO IMMEDIATELY BEGAN MONITORING THE COMPANY.

(Details on how this couple met their Waterloo and their consequences follows below).

(These bogus certificates are nothing new. Go to https://tineye.com/ and paste this image link https://investorshub.advfn.com/uimage/uploads/2017/8/8/npzvacert_of_legality.JPG into the search box for more examples:

On 3/8/2018 they announced a "$160 million investment" into the company "by the family." It turned out that the bogus ''certificate'' above was used as the basis for their PR claims that followed.

On 3/15/2018 repeated their investment claims:
https://www.otcmarkets.com/stock/EFLN/news/eFUEL-EFN-CORPORATION-Shareholder-Update?id=186281

The next day (3/16/2023) they claimed they they had acquired a "$1 billion property" consisting of "21 gold mines on 3,000 acres" https://www.otcmarkets.com/stock/EFLN/news/eFUEL-EFN-Corp-Announces-Full-Acquisition-of-Possible-1B-Mining-Property-and-Potential-Uplisting?id=186366

Apparently the authorities contacted them.

Realizing they had been caught, on 3/20/2023 they then lied claiming it was a ''fraudulent PR'' uploaded by someone other than them: https://www.otcmarkets.com/stock/EFLN/news/OTC-Markets-Group-Issues-Statement-Responding-to-Fraudulent-Press-Release-Issued-by-Efuel-EFN-Corp?id=186681

Realizing their bullshit, THE NEXT DAY (3/21/2018) the SEC ordered a temporary suspension of trading to expire on 4/5/2018 while they investigated
https://www.sec.gov/files/litigation/suspensions/2018/34-82918.pdf

As I recall the stock never traded again. On 9/24/2019 the SEC prosecuted them. The stock was eventually permanently revoked and delisted.
SEC https://www.sec.gov/files/litigation/complaints/2019/comp24610.pdf

On 1/5/2022 final judgment was rendered permanently barring them and demanding payment of $95,500.00. https://www.sec.gov/files/judg19-cv-00482stefanovicljubica.pdf

BEWARE---THE SEC CAN AND DOES PROSECUTE MICRO PENNY OTC SHELL COMPANIES WHEN THEY LIE TO INVESTORS