Replies to post #39623 on DD Support Board and Research Team

[Brigham Youngster]

Thanks, missed the S/A one.

Didn't mean to be rude not posting links, just very busy.

For those of you with info/interest in the SRGE drama, I do urge you to contact the DMN's Mr. Corchado (either via phone or e-mail).

Had a brief chat with him this morning myself.

[236T568]

AWSR - not surprising about its troubles.

it has a long dark history

having been controlled until the last few years by the family of now deceased Alexander H. Walker, Jr., the longtime General Counsel, Director and Transfer Agent to many of the fraudulent public companies of a well known Israeli/British fraudster that is also now deceased.

re: LBSV/AWSR and Tommy Belesis


www.investmentnews.com/article/20130208/FREE/130209937


Quote:
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In January, John Thomas, which is run by chief executive and owner Anastasios “Tommy” Belesis, sued the five ex-brokers, along with National Securities Corp., the firm they joined.

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According to affidavits filed in response to the lawsuit, John Thomas, through Mr. Belesis, promoted at least one “pump and dump” stock scheme and recently filed a complaint with the New York City Police Department against the ex-brokers, claiming that the brokers engaged in theft of property and fraud.

Mr. Belesis and other principals of John Thomas use promoters to present securities and companies to the firm's representatives to get the brokers to sell the securities to increase the price of the shares. At the same time, the firm instructs promoters to sell into the market, according to the affidavits.

One example of a “pump and dump” scheme occurred with Liberty Silver Corp., a company that John Thomas recommended to its clients, according to the affidavits.

Mr. Belesis “runs a boiler room operation like a tyrant,” hollering and screaming at reps during the day, according to the brokers' testimony. “He tells registered reps to essentially ignore their client's investment objectives and tries to push securities on clients that are far from appropriate.”

Richard Roth, the brokers' attorney, said he was appalled at the brokers' treatment by John Thomas. “John Thomas' aggressive action was astonishing,” Mr. Roth said. “I have never seen such venomous conduct in my career.”

He added that John Thomas withdrew the case this week. Mr. Belesis did not return calls seeking comment.

Troubles continue to mount for Mr. Belesis and his firm. On Thursday, the New York Post reported that John Thomas was under investigation by the FBI, the Securities and Exchange Commission and the Financial Industry Regulatory Authority Inc. for alleged misconduct in selling stock.

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The New York Post Article:

http://www.nypost.com/p/news/business/cameo_calamity_LhJthdmD5SGLgDzTEFRc5J

Another Related Write-up:

http://seekingalpha.com/instablog/1771021-robert-rex/1533511-john-thomas-financial-tommy-belesis-subject-of-fbi-investigation



More TB background from the New York Post

http://www.nypost.com/p/news/business/shady_past_for_wall_st_mr_clean_m20yXSYlcdqvgSeE4hhvRO

http://www.nypost.com/p/news/business/bahama_bummer_2dgXkvO2ea14lr4cAlNf7K

[Renee]

re LBSV: SEC Charges Two Individuals in $17 Million Manipulation Scheme

The Securities and Exchange Commission announced fraud and other charges against two individuals and a related company for their roles in a manipulative trading scheme involving Liberty Silver Corp., a penny stock.

The SEC's complaint, filed on August 1, 2017 in federal district court in New York, alleges that, Robert Genovese, a Canadian citizen, his company, B.G. Capital Group, Ltd. and Abraham "Avi" Mirman, the former head of investment banking at now-defunct New York broker-dealer John Thomas Financial, Inc. (JTF), were involved in a scheme concerning Liberty Silver in which Genovese sought to increase dramatically the company's share price and volume and sell millions of shares into the market. According to the SEC's complaint, between August and October 2012, Genovese schemed with Mirman to sell Liberty Silver shares to JTF's customers in part by agreeing to loan $2 million indirectly to JTF without disclosing the loan to the customers. The complaint alleges that Genovese also touted Liberty Silver in newspaper articles while failing to disclose that he had paid for the articles, that he was dumping millions of shares of Liberty Silver stock, and the financial arrangements between himself and JTF. It further alleged that Genovese engaged in manipulative trading on a particular day, increasing Liberty Silver's share price and creating the false appearance of liquidity and demand for Liberty Silver stock.

More: https://www.sec.gov/litigation/litreleases/2017/lr23895.htm