Replies to post #94306 on World Surveillance Group Inc (fka WSGI)

[pokestake]

From WilliamFl's post:

"Monterosso and Vargas knew that the fake invoices and CDRs relating to Centerline's "off-net" revenue would be presented to GlobeTel's independent auditors. Therefore, Monterosso and Vargas made, or caused GlobeTel to make, materially false and misleading statements to its independent auditors in connection with the 2004 and 2005 audits."

They made Globetel believe all was on the up and up. That made Globetel do what they did. In other words I think the SEC is talking about it as though GTEM was conned. Granted the investigation is continuing, but as of now I think they are giving GTEM the benefit of a doubt, but not those other two guys.

The SEC does not hate the shareholders, unlike some of the people around here, so hopefully they allow GTEM a way out of this, if there is one.

[lighter than AIR]

i take that to mean that if not fot V and M...GTEM would not have been guilty of a violation...we'll see cole...

naturally they aided and abetted Globetel,...they were EMPLOYED by them...thus their violation was Globetel's violation...