Native American Energy Group "came out of" Halstead Energy Corp., he said. Halstead, a New York fuel supplier, in 1999 filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in the Southern District of New York, according to a LexisNexis database of court records.
Polise would not provide specifics about the case against Native American Energy.
Fowler Oil and Gas and Native American Energy Group executives did not return calls for comment.
Based in Forest Hills, N.Y., the energy company specializes in oil and gas exploration in Indian Country in the Lower 48.
MAT-SU CONNECTION
Fowler chief executive Bob Fowler, a Palmer High School graduate, gained borough permission to drill for coal bed methane in October but still needs a state permit.
Native American Energy officials are part of the team planning Fowler's Alaska project, said Jonathan Lightfoot of Texas-based Scientific Drilling. Fowler lists Scientific Drilling as a subcontractor on a project to drill for methane at a site along Mat-Su's Trunk Road.
The company at this point is not actually under contract, said Lightfoot, who said he is providing planning information only.
He e-mails financial information on the Mat-Su methane project to NAEG vice president Raj Nanvaan and business development director John Hecht, as well as to Fowler, Lightfoot said.
"They're all involved," he said. "Everything I send is copied to those guys."
Nanvaan has a past with the SEC.
In 2000, Nanvaan -- 22 at the time -- and four others were accused of defrauding at least 89 investors of more than $2.4 million through the sale of unregistered stock in a "struggling, family-owned knitting business," according to an SEC press release at the time. In 2003, a federal district judge in New York ordered Nanvaan pay $24,273 in fines, according to the SEC News Digest.
Polise wouldn't say whether he knew of Nanvaan's past.
"As a general rule, we always look for recidivists," he said.
Fowler and NAEG share employees and a "multi-million dollar credit facility," according to documents filed last year with the Mat-Su Borough. Generally, credit facilities are a type of corporate loan. Fowler is listed as "director of Alaskan Native projects" on NAEG's Web site.
Last month, NAEG posted a news release informing investors the company lacked the capital to operate and was seeking private investors to buy out publicly held shares. On the same day, Fowler's president, Arlen Ehm, a longtime Alaska petroleum geologist, resigned, saying he hadn't been paid.
The SEC trading suspensions are part of stepped-up efforts to address fraud involving the more than $100 billion industry in over-the-counter or "pink sheet" companies not required to file public reports or meet the standards of the big stock markets, such as Nasdaq, Polise said.
Accounting and Auditing Enforcement Release No. 1245 SECURITIES AND EXCHANGE COMMISSION v. RENAISSANCE CAPITAL MANAGEMENT, INC., NNPD ESCROW HOLDINGS COMPANY, INC., ALLEN ANDRESCU, RICHARD BROWER, MARK COATES, VIKRAM RANDHAWA AND TEJBIR SINGH, CIV 00 1848 (PLATT) (E.D.N.Y.)
Tejbir Singh A/K/A Raj Nanvaan, a 22 year old resident of West Babylon, New York, who was employed by Renaissance Capital from February 1998 to June 1998.
Accounting and Auditing Enforcement Release No. 1245
SECURITIES AND EXCHANGE COMMISSION v. RENAISSANCE CAPITAL MANAGEMENT,INC., NNPD ESCROW HOLDINGS COMPANY, INC., ALLEN ANDRESCU, RICHARD BROWER, MARK COATES, VIKRAM RANDHAWA AND TEJBIR SINGH, CIV 00 1848(PLATT) (E.D.N.Y.)
The Commission announced that it filed a Complaint today in the United States District Court for the Eastern District of New York chargingfive individuals and two entities with having defrauded at least 89investors of more than $2.4 million through the sale of unregistered common stock of NNPD Textiles, Inc. ("NNPD") -- a struggling,family-owned knitting business. The Commission alleges that the individuals charged in the Complaint diverted the proceeds raised from the fraudulent scheme to themselves and to pay personal expenses. Named in the Complaint are
Renaissance Capital Management, Inc. ("Renaissance Capital"), a New York corporation that, until April 1999, was located in Farmingdale, New York;
NNPD Escrow Holdings Company, Inc. ("NNPD Escrow"), a New York corporation that, until April 1999, was located in Farmingdale, New York;
Allen Andrescu ("Andrescu"), a 25 year old former resident of Merrick,New York, who is the Chief Executive Officer ("CEO") and sole owner of Renaissance Capital, and who is the CEO and President of NNPD Escrow;
Richard Brower, a 26 year old resident of Merrick, New York, who was employed by Renaissance Capital from May 1997 to June 1998;
Mark Coates, a 28 year old resident of Hempstead, New York, who was employed by Renaissance Capital from May 1997 to January 1998;
Vikram Randhawa, a 29 year old former resident of Albertson, New York,who managed the day-to-day operations of Renaissance Capital from June 1997 to March 1999; and
Tejbir Singh A/K/A Raj Nanvaan, a 22 year old resident of West Babylon, New York, who was employed by Renaissance Capital from February 1998 to June 1998.
Re: Intertrade Bank N.Y.,London, etc.. By cyrille Emery on 7/23/2003 12:01:38 PM E-mail: bsm.ltd@legalemail.com
Been visiting their website and found that the CEO of this bank is Raj Nanvaan. Herebelow a copy of a SEC filing against Renaissance Capital Management :
If this is the same guy as listed on the bank website, advise your friend to pull out ASAP.
U.S. Securities and Exchange Commission Litigation Release No. 18075 / April 7, 2003 SEC Obtains Summary Judgment against Defendants in $2.2 Million Offering Fraud Securities and Exchange Commission v. Renaissance Capital Management, Inc., NNPD Escrow Holding Company, Inc., Allen Andrescu, Richard Brower, Mark Coates, Vikram Randhawa, and Tejbir Singh, Defendants, and Jon Andrescu, Ana Andrescu, and Magic Knits, Ltd., Relief Defendants, 00 Civ. 1848 (TCP) (WDW) (E.D.N.Y.)
INTERTRADE BANK
LEGACY NARCOTIC TRADING CHINA TRIAD DRUG CARTEL EUROPEAN CONNECTIONS
Dr. Günter Berthold Horn ( St. Augustin, Germany ) saw INTERTRADE BANK investor groups claim at one point to be part of their European base, claiming further to be extremely conservative with their investment portfolio. As soon as INTERTRADE BANK became an investment and bank paper fraud controversy, Dr. Günter Berthold Horn ( St. Augustin, Germany ) disavowed having anything to do with INTERTRADE BANK except for a 'business deal' that had fallen through. Furthermore, Dr. Günter Berthold Horn ( St. Augustin, Germany ) claimed he had no control over what INTERTRADE BANK may have said about his involvement.
A $100,000,000 certificate of deposit (color copy available offline) plus a $500,000,000 million certificate of deposit with the name of INTERTRADE BANK using the same address as Dr. Günter Berthold Horn in St. Augustin, Germany was signed on September 1, 2002 by INTERTRADE BANK Treasurer and Secretary Bernard Schnitzler.
A color image document copy of the $500,000,000 INTERTRADE BANK certificate of deposit is still viewable on the internet, at:
- - - -
The name "Lidio Rancharan" was 'surgically removed' from 'internet archive webpages', much as it was erased from the DILIGIZER BOARD, and off the INTERTRADE BANK June 2003 "Contact Us" section webpage, which only provided - in 'internet archives', the following names:
Zvi Benari - President E-MAIL: zbenari@intertradebank.com
Sigmond Schnitzler - Senior Vice President E-MAIL: sigmond@intertradebank.com
Raj S. Nanvaan - Executive Vice President E-MAIL: raj@intertradebank.com
Bernard Schnitzler - Secretary and Treasurer E-MAIL: bernard@intertradebank.com
Josh Woll - Vice President of Investments E-MAIL: jwoll@intertradebank.com
Robert Fleming - Compliance Officer E-MAIL: rfleming@intertradebank.com
Michael Brody - Vice President of Operations E-MAIL: mbrody@intertradebank.com
Rachel Glancz - Vice President of International Relations E-MAIL: rglancz@intertradebank.com
====
GABRIEL MACENROE (aka) GABRIEL MCENROE - CONNECTIONS
Gabriel Francis MacEnroe was involved in a private placement investment firm in the U.S., which was discovered by the FBI to be acting as a front company for bank paper trading investment deals handled out of the Far East through Dr. Günter Berthold Horn in St. Augustin, Germany during the early 1990s. A lengthy report regarding this, which includes U.S. federal official documentation is avaialable offline through ShoreLines, at: [E-MAIL: ShoreLines@bluewin.ch]
It was also this time Gabriel MacEnroe who maintained a London, UK office in the Kennsington District, which during 2002 had a firm named FISCHER occupying the same address where many Private Military Contractor ( PMC ) and Risk Management companies are located. This FISCHER firm was involved with risk management, however no public information exists as to whether this FISCHER held any other connections with INTERTRADE BANK.
Alert 2004-7 OCC Alert Subject: Unauthorized Banking: Fictitious Internet Bank Description: Intertrade Bank Date: March 5, 2004
TO: Chief Executive Officers of All National Banks; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel
RE: Intertrade Bank, located on the Internet at: www.intertradebank.com, with locations in Montenegro, London, and New York.
Intertrade Bancorp has created a structure for officers of publicly traded companies to earn interest on K-stock, director stock, affiliate stock or other restricted stock via a certificate of deposit. Stock that officers cannot sell because of fiduciary duties, poor market conditions or dilution concerns "is usually sitting with a transfer agent and the shareholders don't get any proceeds from it," said Raj Nanvaan, managing director. Often they use loan-to-value instruments (LTVs), where the bank loans the shareholders money against the restricted stock. proceeds from it," says Raj Nanvaan, managing director of the U.S. office, Monarch Equities"
CBS News Covers NAEG Meeting With Montana State Tribal Affairs Committee
FOREST HILLS, N.Y., Jan. 30 /PRNewswire-FirstCall/ -- Native American Energy Group, Inc. ("NAEG" or the "Company") (OTC Pink Sheets: NVMG) firstly extends its gratitude to the office of Governor Brian Schweitzer of Montana and the State Tribal Affairs Committee for having included NAEG in the State/Tribal Relations Interim Legislative Committee agenda last week. NAEG's chief officers presented for consideration before the committee the various options it is bringing with a special focused regard towards improving the region's economic and energy future, including the introduction of possible sources of renewable energy, and gave their views on NAEG's role in meeting Governor Schweitzer's initiatives concerning alternative energy development, particularly, with respect to creating jobs and stimulating the economy of Montana's tribes.
First Call Analyst: FCMN Contact: raj@monarchequities.com
Posted by: janice shell In reply to: lancebps who wrote msg# 28553 Date:9/22/2005 6:18:36 PM Post #of 83851
In 2002, Easton, Inc, was purchased by Bancorp Intertrade Group:
On April 29, 2002, there was a change in control of Easton, Inc., a Delaware corporation (the "Company," "we," or "us"). The transaction which caused the change of control was the closing under a Stock Purchase Agreement dated February 15, 2002 (the "Stock Purchase Agreement"), between Bancorp Intertrade Group, Inc, a Nevada corporation, or its nominees, as purchasers, Mid-Continental Securities Corp, or its affiliates, as Seller and Easton, Inc.
Stewart Sytner ended up as COO and Chairman of the Board of the “new” Easton. In his potted bio, he’s said to have been “a Director of Intertrade Bank, a bank which is organized and chartered in Yugoslavia, since 2000”.
Note another name we’ll be seeing again: Bernard Schnitzler, Sytner’s partner in Intertrade and Easton.
By March 2004, Intertrade was considered to be a “fictitious bank”. No doubt it always was one:
RE: Intertrade Bank, located on the Internet at: www.intertradebank.com, with locations in Montenegro, London, and New York.
The Office of the Comptroller of the Currency (OCC) has received information that the above-referenced entity may be operating a banking business without authorization. The information contained on its Web site (no longer functioning) includes addresses for a headquarters in Montenegro, Yugoslavia, and facilities in London, England, and New York, NY, USA.
Now we turn to another sleazy little company, IBC Holdings:
IBC HOLDINGS CORP.
Status: Revoked on 3/1/2005 File Date: 2/25/2003 Type: NRS78 - Domestic Corporation Corp Number: C4452-2003 Qualifying State: NV
List of Officers Due: 2/28/2004 Managed By: Expiration Date: Foreign Name: On Admin Hold: False
Name: STEWART SYTNER Address 1: 3113 PLAZA DE ROSE Address 2: City: LAS VEGAS State: NV Zip: 89102 Phone: Fax: Email: Mailing Address 1: 322 E BEECH ST. Mailing Address 2: Mailing City: LONG BEACH Mailing State: NY Mailing Zip: 11561
No Par Share Count: 0 Capital Amount: $ 10.00 Par Share Count: 10,000.00 Par Share Value: $ 0.001
Secretary - BURACH YIDAM BEN MASHILAM Address 1: 470 E PARK AVE Address 2: City: LONG BEACH State: NY Zip: 11561 Country: Status: Active Email:
Treasurer - BURACH BEN MASHILAM Address 1: 470 E PARK AVE Address 2: City: LONG BEACH State: NY Zip: 11561 Country: Status: Active Email:
President - SIGMOND SCHNITZLER Address 1: 470 E PARK AVE Address 2: City: LONG BEACH State: NY Zip: 11561 Country: Status: Active Email:
Subject: Lambert is the trader for the IBC/Intertrade team Posted By: delcamin - Registered User Posted At: (3/10/04 10:54 am)
Lambert is the trader for the IBC/Intertrade team.
To repeat the Intertrade/IBC capos' names from old posts (bear in mind their website is now defunt, but the identical content has been transferred to Raj Navaan's website):
S. Tzvibenari President & CEO president@intertradebank.com
Raj Navann Executive Vice President raj@intertradebank.com
Darnell Fuqua Senior Vice President Chief Operating Officer Director of European Operations darnell@intertradebank.com
Bernard Schnitzler Secretary/Treasurer bernard@intertradebank.com
Stewart Sytner, silent partner, power behind the throne, who is believed to use the alias Stephen Shephard.
Dr. Gunter Horn was recently cleared of any wrongdoing by Germany's BaFin. Dr. Horn's name was used by Intertrade without his permission.
There is one more name who was working at the 40 Wall St. offices of Intertrade/IBC, Ed somebody. Will pull his name out later.
Lambert is a signatory on the IBC Holdings account at Commerzbank, AG, in Dusseldorf, Germany. Lambert, Sytner, Fuqua, Schnitzler, etc. usually stay at the Hotel Nikko when they are in Dusseldorf.
As you see, we now have a number of entirely new names. Note especially Raj Nanvaan (the author of the Diligizer message misspelled his name. Raj has been in trouble with the SEC. Go here to read the relevant pdf files:
Administrative Proceeding: Allen Andrescu, Richard Brower, Mark ... UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION September 10, 2004 ADMINISTRATIVE PROCEEDING File No. 3-11640 In the Matter of Allen Andrescu, Richard Brower, Mark Coates, Size: 10827 Modified: 02/17/2005 /litigation/admin/34-50348-o.pdf
Litigation Release No . 16492 / March 30, 2000 SECURITIES AND EXCHANGE COMMISSION Litigation Release No . 16492 / March 30, 2000 SECURITIES AND EXCHANGE COMMISSION v. RENAISSANCE CAPITAL MANAGEMENT, INC., NNPD ESCROW HOLDINGS COMPANY, INC., ALLEN Size: 8084 Modified: 04/04/2000 /litigation/litreleases/lr16492.htm
I’m not sure about the first and third, but the second features the address used elsewhere by Raj Nanvaan. Here’s the registration for Monarch’s website:
Domain: monarchequities.com
Registrant Monarch Equities Corporation rncapital@aol.com 428 Belmont Ave West Babylon, New York 11704 US +1.1111111111
Administrative Raj Nanvaan Monarch Equities Corporation rncapital@aol.com 428 Belmont Ave West Babylon, New York 11704 US +1.6316691511
Billing Raj Nanvaan Monarch Equities Corporation rncapital@aol.com 428 Belmont Ave West Babylon, New York 11704 US +1.6316691511
Technical Raj Nanvaan Monarch Equities Corporation rncapital@aol.com 428 Belmont Ave West Babylon, New York 11704 US +1.6316691511
Record created on February 09, 2002 Record last updated on February 03, 2004 Record expires on February 09, 2006
Domain Name Servers: ns21.websitesource.net ns20.websitesource.net
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