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Replies to post #62148 on Seven Arts Entertainment Inc (SAPX)
7 F.3d 1056, 1063 (7th Cir. 2020) (quotation omitted). Because of Defendant’s failure to make anargument, the Court does not engage with this claim. Accordingly, Defendant’s motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6) for failure to state a claim is denied.
Conclusion
For these reasons, Defendant’s motion to dismiss is denied. IT IS SO ORDERED.
Date: 9/14/2023
A bank statement from December 2019 provided in the lawsuit shows that Tiger Trout Capital LLC would then transfer money back to Capitol Capital Corporation, who, in turn, split the money between Mark Miller and Jason Black (Market Cap Concepts LLC). At the time, Jason Black was the CEO of IGEX, and none of the debt conversions were disclosed in any of the IGEX OTC filings.
that press release is completely fabricated by the company Seven Arts and is being removed by the newswire company as early as tomorrow," Antonicelli said.
Apr 4
We are still awaiting 3rd party approval on the next $SAPX press.
We will work to resolve it over the weekend for release early next week.
Seven Arts Entertainment
@SAPX_7arts
Mar 28
Per inquiries, we are aiming to have the next $SAPX updates out next week.
Seven Arts Entertainment
@SAPX_7arts
Mar 24
This will be relevant to some upcoming $SAPX updates, we are preparing.
From techtimes.com
Seven Arts Entertainment
@SAPX_7arts
Mar 6
Per inquiries: We are waiting for $SAPX pink current designation to begin releasing updates. We expect it to be current within the next couple days.
Seven Arts Entertainment
@SAPX_7arts
Feb 27
After a considerable effort, we've been able to retrieve this $SAPX account which was hacked several months ago.
We look forward to resuming communications.
Seven Arts Entertainment
@SAPX_7arts
Answer: Based on the information available, there are serious concerns surrounding the involvement of Jason Black and associated entities with companies like SAPX. Here's a breakdown of the key points:
• Connections to Securities Fraud:
• Jason Black's name appears in connection with schemes involving the hijacking of dormant public shell companies and subsequent "pump-and-dump" operations.
• He's been linked to individuals like Mark Miller, who was sentenced for securities fraud.
• Court documents indicate involvement in questionable financial transactions, including the use of convertible debt notes and the transfer of shares.
• Concerns with SAPX:
• SAPX is among the companies where these concerning financial activities have taken place.
• The transfer of debt notes and the subsequent conversion into large amounts of free-trading stock raise red flags.
• The involvement of entities such as Capitol Capital Corporation, and Via Capital, in the debt conversions, within SAPX, are also causes for concern.
• General Context:
• The overall context involves complex financial maneuvers that can be indicative of fraudulent activity.
• The "pump-and-dump" scheme is a classic form of securities fraud. 1
1. Pump and Dump Schemes - Investor.gov
www.investor.gov
In conclusion, while definitively labeling SAPX as a "scam" requires formal legal judgment, the documented connections to Jason Black and the associated financial activities raise significant concerns. It is highly advisable to exercise extreme caution when dealing with companies associated with these individuals and transactions.
Rahim Mohamed, Davies (Dave") Wong
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
Litigation Release No. 25469 / August 16, 2022
Securities and Exchange Commission v. Rahim Mohamed, Davies ("Dave") Wong, Glenn B. Laken, Richard C.S. Tang, Zoltan Nagy, Jeffrey D. Cox, Phillip G. Sewell, Breanne M. Wong, Christophe Merani, Anna Tang, Robert W. Seeley, Richard B. Smith, Christopher R. Smith, H.E. Capital SA, POP Holdings Ltd., Maximum Ventures Holdings LLC, Harmony Ridge Corp., and Avatele Group LLC, Defendants, and 9224-3708 Quebec, Inc., a/k/a Distributions Bano, and Jason Black, Relief Defendants, No. 1:22-cv-03252 (N.D. Ga. filed Aug. 15, 2022)
The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price and trading volume of those stocks. Those charged include Rahim Mohamed of Alberta, Canada, who is alleged to have coordinated the hacking attacks, and several others in and outside the U.S. who allegedly benefited from or participated in the scheme.
According to the SEC's complaint, in late 2017 and early 2018, hackers accessed at least 31 U.S. retail brokerage accounts and used them to purchase the securities of Lotus Bio-Technology Development Corp. and Good Gaming, Inc. The unauthorized purchases allegedly enabled fraudsters, who already controlled large blocks of Lotus Bio-Tech and Good Gaming stock, to sell their holdings at artificially high prices and reap more than $1 million in illicit proceeds. According to the complaint, Davies Wong of British Columbia, Canada, and Glenn B. Laken of Illinois, respectively, controlled the majority of the Lotus Bio-Tech and Good Gaming stock that was sold while the hacking attacks were being carried out, and Mohamed coordinated with Davies Wong, Laken, and others to orchestrate the attacks. The complaint also alleges that Richard Tang of British Columbia, Canada, was involved with both the Lotus Bio-Tech and Good Gaming schemes.
The SEC's complaint charges violations of the antifraud and beneficial ownership reporting provisions of the Securities Act of 1933 ("Securities Act") and the Securities Exchange Act of 1934 ("Exchange Act"), and names two relief defendants who received proceeds from the hacks. More specifically, the complaint charges the following defendants with the following violations:
• Rahim Mohamed of Alberta, Canada, with directly violating, and aiding and abetting violations of, Section 17(a) of the Securities Act, and Sections 9(a) and 10(b) of the Exchange Act, and Rule 10b-5 thereunder;
• Davies Wong of British Columbia, Canada, Richard Tang of British Columbia, Canada, Zoltan Nagy of British Columbia, Canada, Anna Tang of British Columbia, Canada, and Breanne Wong of British Columbia, Canada and Panama, with directly violating, and aiding and abetting violations of, Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder, and directly violating Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1 and 16a-3 thereunder;
• Glenn B. Laken of Illinois, Jeffrey Cox of Alberta, Canada, Christophe Merani of Illinois, and Phillip Sewell of British Columbia, Canada, with directly violating, and aiding and abetting violations of, Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder;
• Robert Seeley of the Dominican Republic, Christopher R. Smith of the Dominican Republic, Richard B. Smith of the Dominican Republic, Wyoming entity Harmony Ridge Corp., and Nevis entities H.E. Capital SA and POP Holdings Ltd., with aiding and abetting violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder;
• Wyoming entity Maximum Ventures Holdings LLC, with aiding and abetting violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder, and directly violating Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1 and 16a-3 thereunder; and
• Wyoming entity Avatele Group LLC, with directly violating Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1 and 16a-3 thereunder.
The SEC's complaint also names Quebec, Canada entity 9224-3708 Quebec Inc., a/k/a Distributions Bano, and Jason Black of California and/or Georgia, as relief defendants. The SEC seeks the return of ill-gotten gains plus interest, penalties, bars, and other equitable relief. The SEC's investigation is continuing.
The SEC's investigation has been conducted by Joshua Dickman and Lucy Graetz of the Atlanta Regional Office, Andrew McFall of the Washington, D.C. Office, and Patrick McCluskey of the Philadelphia Regional Office, with the assistance of Marlee Miller and Owen Granke of the SEC's Office of International Affairs. The case is being supervised by Acting Chief of the Crypto Assets and Cyber Unit Carolyn Welshhans, Market Abuse Unit Chief Joseph Sansone, Justin Jeffries and Natalie Brunson of the Atlanta Regional Office, and Amy Flaherty Hartman of the Chicago Regional Office. Robert Gordon and William Hicks of the Atlanta Regional Office will lead the SEC's litigation, supervised by M. Graham Loomis.
The SEC appreciates the assistance of the Financial Industry Regulatory Authority, the Alberta Securities Commission, the Australia Securities and Investments Commission, the British Columbia Securities Commission, the Calgary Police Service, the Cayman Islands Monetary Authority, the Dubai Financial Services Authority, the French Autoritƒ© des Marchƒ©s Financiers, the Hong Kong Securities and Futures Commission, the Mauritius Financial Services Commission, the Ontario Securities Commission, the Quebec Autoritƒ© des Marchƒ©s Financiers, the Royal Canadian Mounted Police, the Securities Commission of the Bahamas, the Sƒ»retƒ© du Quƒ©bec, the Superintendencia del Mercado de Valores de la Repƒºblica Dominicana, the Swiss Financial Market Supervisory Authority, and the United Kingdom Financial Conduct Authority.
To learn more about how to protect your online investment accounts from fraud, please visit the SEC's Office of Investor Education and Advocacy investor alerts webpage.
On May 18, 2023, Mark Miller became the last of three men to be sentenced for a securities fraud scheme that involved hijacking several abandoned penny stocks, then using them for an illegal pump-and-dump stock manipulation scheme. Miller pleaded guilty to count 1 of the Indictment, Conspiracy to Commit Securities Fraud, and was sentenced to 12 months and 1 day in prison, followed by 2 years of supervised release...
CNNA recently appointed Jason Tucker, former CEO of LEAS, as its new CEO, giving it yet another connection to past Miller frauds. And according to SAPX OTC disclosures, on December 27, 2022, all the debt notes previously put in the name of Capitol Capital Corporation were transferred to an entity named Via Capital, represented in the SAPX filings by Jesus Cipriano, keeping the notes active despite Mark Miller’s various legal issues. Via Capital immediately started converting the debt into large chunks of free trading stock, including 150,000,000 shares on December 28, 2022, 150,000,000 shares on February 21, 2023, and 180,000,000 shares on March 6, 2023. SAPX has also begun to issue new debt notes to Via Capital.
Court documents show that Capitol Capital Corporation received several big chunks of stock in IGEX, then transferred the shares to Tiger Trout Capital LLC, a Puerto Rican entity controlled by Alan Masley. A bank statement from December 2019 provided in the lawsuit shows that Tiger Trout Capital LLC would then transfer money back to Capitol Capital Corporation, who, in turn, split the money between Mark Miller and Jason Black (Market Cap Concepts LLC). At the time, Jason Black was the CEO of IGEX, and none of the debt conversions were disclosed in any of the IGEX OTC filings.
Public records show that Capitol Capital Corporation has also been involved as a noteholder in at least three other public issuers that used Jason Black as the CEO, MedX Holdings Inc (MEDH), Cann American Corp (CNNA), and Seven Arts Entertainment, Inc (SAPX).
Answer: Based on the search results, Mark Miller has been involved in activities related to publicly traded companies, including those in the penny stock market. Specifically, there are records indicating a connection between Mark Miller and Seven Arts Entertainment, Inc. (SAPX). Here's a summary of the information:
• Financial Activities:
• Public records show that Capitol Capital Corporation, associated with Mark Miller, has been a noteholder in Seven Arts Entertainment, Inc. (SAPX).
• There are records of debt notes previously held by Capitol Capital Corporation being transferred to Via Capital, which then converted those notes into shares of SAPX stock.
• Legal Issues:
• It's important to note that Mark Miller has been involved in legal issues related to securities fraud, including "pump and dump" schemes and the hijacking of inactive penny stock companies. This information comes from reports of SEC charges and criminal indictments.
Therefore, there is information that connects Mark Miller to activities involving SAPX, particularly concerning financial transactions and debt notes. However it is also very important to understand that Mark Miller has had legal issues surrounding his actions within the stock market.
Answer: Based on the information available, there are serious concerns surrounding the involvement of Jason Black and associated entities with companies like SAPX. Here's a breakdown of the key points:
• Connections to Securities Fraud:
• Jason Black's name appears in connection with schemes involving the hijacking of dormant public shell companies and subsequent "pump-and-dump" operations.
• He's been linked to individuals like Mark Miller, who was sentenced for securities fraud.
• Court documents indicate involvement in questionable financial transactions, including the use of convertible debt notes and the transfer of shares.
• Concerns with SAPX:
• SAPX is among the companies where these concerning financial activities have taken place.
• The transfer of debt notes and the subsequent conversion into large amounts of free-trading stock raise red flags.
• The involvement of entities such as Capitol Capital Corporation, and Via Capital, in the debt conversions, within SAPX, are also causes for concern.
• General Context:
• The overall context involves complex financial maneuvers that can be indicative of fraudulent activity.
• The "pump-and-dump" scheme is a classic form of securities fraud. 1
1. Pump and Dump Schemes - Investor.gov
www.investor.gov
In conclusion, while definitively labeling SAPX as a "scam" requires formal legal judgment, the documented connections to Jason Black and the associated financial activities raise significant concerns. It is highly advisable to exercise extreme caution when dealing with companies associated with these individuals and transactions.
In addition to this preliminary Agreement, Seven Arts and representatives of Lionsgate have initiated discussions to further develop assets, with a particular focus on the burgeoning Atlanta, GA market, which has been home to Seven Arts since 2021. Currently, Lionsgate is undergoing a restructuring, with an emphasis on its Atlanta studios endeavors, which is expected to generate an additional trading symbol. The Company has agreed to withhold efforts to pursue joint news releases until such time that Lionsgate completes this transition.
LIONSGATE STUDIOS TO LAUNCH AS A SEPARATELY TRADED PUBLIC COMPANY (yahoo.com)
Pursuant to ongoing merger negotiations, which requires the Company to provide audited financial statements, management has determined it is in the best interest of Seven Arts and its shareholders to expedite these expectations and rapidly execute on its previously announced intent to up-list to full SEC reporting. To that end, the Company is actively working with its audit firm.
that press release is completely fabricated by the company Seven Arts and is being removed by the newswire company as early as tomorrow," Antonicelli said.
that press release is completely fabricated by the company Seven Arts and is being removed by the newswire company as early as tomorrow," Antonicelli said.
Take a good look and NOTICE NO WHERE IN THE ACTUAL COURT DOCUMENT IS JASON BLACK EVEN MENTIONED.
