Certified Environmental Group Makes Announcement. Article from: Business Wire Article date: March 2, 1999 More results for: "Certified Environmental Group " | Copyright information
TURNERSVILLE, N.J.--(BUSINESS WIRE)--March 2, 1999--Certified Environmental Group, Inc. (OTC BB: CENV) today announced that it has received a Procurement Order for approximately $175,000 to perform Lead Testing Services at the Philadelphia Housing Authority. This work was assigned under the Company's ongoing $705,000 contract with the Authority. A Procurement Order is essentially a Purchase Order. Additionally, the Company has received a Procurement Order in the amount of $216,711 (contract No. AS980005) with the New York City Housing Authority. This contract is for Lead Abatement and is one of four ongoing Lead Testing/Abatement contracts totaling $1,008,583 which ... http://www.highbeam.com/doc/1G1-53991338.html XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Certified Environmental Group Purchases Additional Training Courses. Article from: Business Wire Article date: June 8, 1999 More results for: "Certified Environmental Group " | Copyright information
TURNERSVILLE, N.J.--(BUSINESS WIRE)--June 8, 1999-- Certified Environmental Group Inc. (OTC BB:CENV) today announced that it was successful in purchasing $400,000 worth of computer training courses from CALC/Canterbury Corp., which is a Microsoft licensed wholly owned subsidiary of Canterbury Information Technology Inc. These courses were purchased for 540,540 shares of the company's unregistered common stock at a price of $0.74 per share. The company purchased these courses to augment their environmentally based courses. The company believes it will be better able to market their environmental seminars and courses by integrating various computer courses necessary ... http://www.highbeam.com/doc/1G1-54831804.html xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
CERTIFIED ENVIRONMENTAL GROUP, INC. Re-Negotiates Accounts Receivable Line of Credit. Article from: Business Wire Article date: July 29, 1999 More results for: "Certified Environmental Group " | Copyright information
TURNERSVILLE, N.J.--(BUSINESS WIRE)--July 29, 1999-- CERTIFIED ENVIRONMENTAL GROUP, INC. (OTC BB: CENV) today announced that it has re-negotiated its Accounts Receivable line of credit. Under the new terms, Certified anticipates savings during the fourth quarter of approximately $60,000, and during fiscal 2,000 of approximately $250,000. These savings will drop to the bottom line. Further, the Company is required to make a principal repayment of $250,000 by August 31, 1999; which the Company is confident will be made through the sale of its Preferred Stock Offering. Additionally, the lending institution is seeking personal guarantees from the heirs of the Sepe ... http://www.highbeam.com/doc/1G1-55300865.html XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Certified Environmental Group Receives Purchase Order With the Philadelphia Housing Authority. Article from: Business Wire Article date: July 30, 1999 More results for: "Certified Environmental Group " | Copyright information
TURNERSVILLE, N.J.--(BUSINESS WIRE)--July 30, 1999-- Certified Environmental Group, Inc. (OTC BB:CENV) today announced the receipt of a $71,000 Purchase Order under a contract with the Philadelphia Housing Authority. This completes $2,250,000 of work in the Environmental Consulting & Training provided to the Philadelphia Housing Authority; as well as $2,500,000 awarded to date by the New York City Housing Authority, and approximately $1 million in Consulting & Abatement to the Newark Housing Authority. Certified continues pursuing Environmental Consulting Training & Lead Abatement services from various housing authorities, city, state and local governmental ... http://www.highbeam.com/doc/1G1-55308573.html XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Certified Environmental Group, Inc. Announces Opening of New Offices. Article from: Business Wire Article date: August 6, 1999 More results for: "Certified Environmental Group " | Copyright information
TURNERSVILLE, N.J.--(BUSINESS WIRE)--Aug. 6, 1999-- Certified Environmental Group, Inc., (OTCBB:CENV) today announced that it has opened an office in downtown Manhattan. This facility is located two blocks from the New York City Housing Authority's offices at 250 Broadway. The company will use these offices as its Regional Lead Consulting New York office, and to hold Lead Based Paint Seminars. This facility is capable of training up to 20 students per course. Certified Environmental Group, Inc. is licensed by the States of New Jersey and New York. The Worldwide Web address for: Certified Environmental Group, Inc. -- www.certified-group.com In addition ... http://www.highbeam.com/doc/1G1-55377830.html
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Certified Environmental Group, Inc. (`CENV') Files Registration Statement to Become a `Reporting Company'. Article from: PR Newswire Article date: October 14, 1999 More results for: "Certified Environmental Group " | Copyright information
TURNERSVILLE, N.J., Oct. 14 /PRNewswire/ -- Certified Environmental Group, Inc. (Pink Sheets: CENV) ("Certified") announced that it has filed a Registration Statement on Form 10-SB with the Securities and Exchange Commission ("SEC"). At such time as the Registration Statement is declared effective by the SEC, Certified will become a "Reporting Company" under Section 12 of the Securities Exchange Act of 1934. Notwithstanding the filing, the NASD has delisted Certified's Common Stock from the Electronic Bulletin Board based solely on Certified's failure to be a Reporting Company by today's deadline. As a result, the Common Stock is now listed on the "Pink Sheets" under ... http://www.highbeam.com/doc/1G1-56288919.html XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Five Men Charged With Scheme To Defraud AmSouth Bank posted January 17, 2003
Federal charges have been filed against five individuals involved in a scheme to defraud the AmSouth Bank, U.S. Attorney Sandy Mattice said Friday.
The five individuals charged are William A. Buttram, 55, of Chattanooga; Thomas F. Henley, 53, of Holland Lake, Ala.; Ernest P. Micciche, 43, of Philadelphia, Pa.; Bruce Marconi, 41, of Philadelphia; and Ishaq Samai, 55, of Philadephia.
Micciche, Marconi, Samai, Henley and Buttram have been charged together in a 15-count indictment. The indictment charges the defendants with bank fraud in counts one through six, a conspiracy to commit money laundering in count seven and substantive money laundering counts in eight through 15. The scheme to defraud centered around Alpha Financial Services, a Collegedale-based corporation. Alpha was engaged in the business of obtaining credit for companies in need of short term financing. Alpha had a banking relationship and a line of credit with AmSouth. Alpha used its customers’ accounts receivable as collateral for loans. At one time Alpha maintained a line of credit of more than $20 million dollars with AmSouth Bank.
According to the allegations in the indictment, the defendants’ schemed to submit false and fraudulent invoices for the purpose of obtaining money from the bank under false pretenses. In some cases, the invoices were for work actually performed, but previously invoiced. In other cases, the invoices were for work that had not been performed at all, it was charged.
The defendants submitted invoices to reflect work performed for wholly fictitious companies, as well as for real companies, it was claimed.
The scheme began in approximately June 1999 and continued until approximately January 2001.
The indictment charges Micciche, Marconi, Henley, Buttram and Samai with combining to submit over $8 million dollars in fraudulent invoices to AmSouth Bank.
Defendants Henley and Buttram were the owners and chief executives of Alpha. Defendant Miccichie was associated with Environmental Realty Guild of America, a Philadelphia-based company engaged in the business of asbestos removal and environmental abatement work. Miccichie was chief executive officer of Certified Environmental Group, a Philadelphia-based company engaged in the business of environmental testing for lead and asbestos. Miccichie was also involved with Keystone Wallpaper Sales, Inc. and Management Investors, Inc. Bruce Marconi was Keystone’s principal executive.
Officials said Keystone’s letterhead was used to generate fictitious invoices. It was claimed, "Management existed only on paper and was a fiction created to generate invoices. Defendant Samai was the superintendent and principal executive of Rainbow Construction and Demolition, which was engaged in the construction business."
The maximum penalty for violation of the bank fraud statute, 18 U.S.C. § 1344, is 30 years imprisonment and a $1 million dollar fine for each violation. The maximum penalty for each violation of the money laundering conspiracy statute, 18 U.S.C. § 1956(h), is 20 years imprisonment and a fine of $500,000 or twice the value of the property involved in the transactions, whichever is greater. The maximum penalty for each violation of the promotion money laundering statute, 18 U.S.C. § 1956(a)(1)(A)(i), is 20 years imprisonment and a fine of $500,000 or twice the value of the property involved in the transaction, whichever is greater.
The case was a joint investigation of the United States Secret Service and the Internal Revenue Service. The case is being prosecuted by Assistant United States Attorney Gary Humble.
Philadelphia man pleads guilty in AmSouth Bank case Published: May 28, 2003 CHATTANOOGA (AP) ï A Philadelphia man pleaded guilty in a scheme that a federal prosecutor has said cheated Birmingham, Ala.-based AmSouth Bank out of at least $8 million. John Peduto, 65, of Philadelphia pleaded guilty last week to three counts each of bank fraud and money laundering. U.S. District Judge Curtis Collier set a Sept. 19 sentencing hearing. According to a January indictment, Peduto was treasurer of Vanni Enterprises Ltd., an "alleged real estate and investment entity" created in 1992 that had a contract with Alpha Financial Services in Collegedale, a Chattanooga suburb. The indictment says Alpha obtained money for companies in need of short-term financing and had a line of credit with AmSouth. Alpha is accused of fraudulently using its customers' account receivables supported by invoices as collateral for loans and a line of credit with AmSouth. Some invoices were for work previously billed and others were for work that had not been performed at all or involved fictitious companies, prosecutors said. A statement released Friday by U.S. Attorney Harry S. Mattice Jr. said the indictment against Peduto alleges that Vanni "submitted to Alpha invoices for work allegedly performed which Alpha compiled with other customer invoices on an assignment summary sheet faxed to AmSouth Bank to obtain funds. AmSouth wired 80 percent of the invoices' face value to Vanni under 90 day terms." The indictment accuses Peduto of submitting false invoices totaling about $1.02 million. Peduto then conducted financial transactions with Alpha using proceeds of the bank fraud by drafting checks from Vanni Enterprises totaling more than $270,000, the indictment says. Prosecutors declined to elaborate about the scheme Tuesday. Assistant U.S. Attorney Gary Humble previously said the fraud cheated AmSouth out of at least $8 million. Alpha at one time maintained a line of credit exceeding $20 million with AmSouth. AmSouth spokesman Rick Swagler did not have any immediate comment Tuesday. He previously said the bank was cooperating with the investigation. Previously indicted in the same case on multiple counts of bank fraud, conspiracy to commit money laundering and substantive money laundering were William A. Buttram, Chattanooga; Thomas F. Henley, Oneonta, Ala.; and Ernest P. Micciche, Bruce Marconi and Ishaq Samai, all of Philadelphia. Buttram and Henley pleaded guilty to two counts of bank fraud and money laundering conspiracy. Collier has set an Aug. 25 trial for Micciche, Marconi and Samai. Henley and Buttram were the owners and chief executives of Alpha, authorities said. Micciche was associated with Environmental Realty Guild of America and was chief executive officer of Certified Environmental Group, a Philadelphia-based company engaged in environmental testing for lead and asbestos. Micciche was also involved with Keystone Wallpaper Sales Inc. and Management Investors Inc. Marconi was principal executive of Keystone, which was used to create fictitious invoices. Keystone's management "existed only on paper and was a fiction created to generate invoices," prosecutors said. Samai was the superintendent and chief executive of Rainbow Construction and Demolition, a Philadelphia construction company. Prosecutors said a conviction on one count of bank fraud carries a maximum possible penalty of 30 years in prison and a $1 million fine. Each money laundering count and conspiracy count carries a maximum possible penalty of 20 years in prison and a $500,000 fine, or twice the value of the property involved in the transaction, whichever is greater.
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