Replies to post #106799 on World Surveillance Group Inc (fka WSGI)

[Jetmek_03052]

We should all get something straight......

It is now common knowledge that Monterrosso did what he did. The question is: Did other GTEM officers help him in this scheme? The SEC most assuredly thinks that at least Lynch and Huff were in on the "off-net" revenue scheme. That much is clear in the verbage of the SEC complaint.

Why didn't the SEC go farther in the prosecution of Huff? I don't know. Maybe they felt it wasn't worth their time and effort.

MAYBE Huff sang and brokered a deal. And right now, the SEC is tying up the loose ends. This MIGHT be the reason for the combining of the two cases - it would save them the cost and effort of having two trials.

We will all find out sometime in the future. In MY OPINION, I have no doubt that all were guilty...one as much as the other.

[Mt bigsky]

not to mention jpharrah's assumption that what is being patented is 15 years old. Just because they have been working and developing the concepts doesn't mean all the concepts jumped out of someones head onto paper 15 years ago all at once.

[jpharrah]

I would "suspect" any information...

from Joe Monteross, "AND" GlobeTel. But a funny thing happens when parties are put under oath during a trial with the threat of perjury staring them in the face...

they often tell the truth!

I don't think the SEC will have any problem determining which documents from Joe Monterosso are real, and as a former officer he was in a position to have many. There is no way the SEC will disregard legitimate evidence regardless of who it is from.

Often when the SEC goes after companies at least they can put up a united defense with all the officers pulling together. We all know how Joe Monterosso feels about GlobeTel. To have to face the SEC with a former officer doing everthing he can to bring you down has got to be one of the worse ways to do it. The SEC has kept these actions separate from the very beginning. I think there being combined this far along in the process is not merely to save tax dollars. I think the SEC realizes the value in Monterosso in their case against GlobeTel and that's the main reason the two cases were combined. It's going to be easy for the SEC to pit these sides against each other and watch them tear each other apart.

Should be an interesting trial!

Thanks for the posts regarding this, as important as this developement is, I'm glad it could be discussed more.