Replies to post #7299 on AccessKey IP, Inc. (fka AKYI)

[dffhogs]

You are saying they recieved the money....Yet the loan terms were not agreeded on?



Please show me a bank/company that will do that....sign me up!

[MJAM2020]

It'll all be seen ...hopefully akyi doesn't somehow get dragged into this frey...

#80 here
http://www.sec.gov/litigation/complaints/2009/comp20972.pdf

80. For example, in early 2006, Financial Alchemy, David Goulding Inc., David Samuel, Philly Financial, Sam Wayne, and Eric Irrgang invested a total of $837,194.27 in Accesskey, Inc. (“Accesskey”) on behalf of Fortuna, Lighting, Michael, and October. In December, 2008 Accesskey issued four “substitute convertible notes” to Fortuna, Lightning, Michael, and October, which supposedly transfer these investments to each fund.
81. However, these new notes do not match up to the original investments. Not only has the Funds’ overall investment increased by nearly $100,000, But Nutmeg has reduced Lightning’s, Michael’s, and October’s investments in Accesskey and increased Fortuna’s investment without any explanation. Further, the “Cancellation Agreements” between Nutmeg and the Relief Defendants merely require them to execute whatever documents are necessary to re-title investments into the name of the Fund. There are no agreements showing that the Fund investments actually have been returned.