A good read for you new folks below SEC Charge
Post# of 2102
Posted On: 09/10/2014 7:37:12 AM
A good read for you new folks below
SEC Charges Purported Biofuel Company and a Dozen Individuals in Chicago-Based Pump-and-Dump Scheme
FOR IMMEDIATE RELEASE
2013-143 Washington D.C., Aug. 1, 2013 — The Securities and Exchange Commission today charged a purported biofuel company in Chicago and a dozen individuals in a pump-and-dump scheme that generated $4.4 million in illicit profits.
The SEC alleges that Bosko R. Gasich, a founder and principal shareholder of Zenergy International caused the company to enter into a reverse merger with a publicly traded shell entity called Paradigm Tactical Products. Using backdated convertible debt, Gasich caused Paradigm to issue 300 million shares of purportedly unrestricted stock to his family and friends, a lawyer who served as transaction counsel, stock promoters, and associates of Paradigm.
The SEC alleges that Gasich and Scott H. Wilding, who is the subject of a prior SEC cease-and-desist order, and several stock touters then conducted two promotional campaigns to generate investor interest in Zenergy. These touters failed to disclose the compensation they received for promoting Zenergy. The touting was accompanied by misleading press releases and financial disclosures that were reviewed and approved by Gasich and Robert J. Luiten, who was Zenergy’s CEO. Diane D. Dalmy, who acted as counsel for the reverse merger, issued opinion letters that improperly concluded that her and others’ shares were unrestricted and freely tradable. As Zenergy’s stock price increased in conjunction with the promotional activity and other misconduct, Gasich and others sold their shares into the public market for illicit profits.
The SEC also today announced a trading suspension in Zenergy stock.
“This case covers a broad range of parties who were involved in various aspects of a pump-and-dump scheme to make illicit profits at the expense of the investing public,” said Timothy L. Warren, Acting Director of the Chicago Regional Office. “These individuals included a complicit CEO, Gasich’s family and friends, a lawyer who issued improper opinion letters, and promoters who touted the stock without disclosing they had something to gain.”
In complaints filed in U.S. District Court for the Northern District of Illinois, the SEC charged Zenergy, Gasich, Luiten, Wilding and his company Skyline Capital, and Dalmy, who live in Chicago, Mobile, Ala., Pembroke Pines, Fla., and Denver respectively. The complaints also charged the following other individuals and their entities:
Gasich Family and Friends
Diana Bozovic – Niece who lives in Evanston, Ill.
Javorka L. Gasic – Sister who lives in Evanston, Ill.
Nenad Jovanovich – Former college roommate and close friend who lives in Chicago.
Kymberly A. Nelson – Formerly engaged to Gasich and shared a residence with him during the scheme.
Promoters and Touters
Dale J. Baeten of Brillion, Wisc.
Charles C. Bennett of Gainesville, Ga.
George E. Bowker III of New Milford, N.J.
Ronald Martino of Cranston, R.I.
The SEC’s complaints allege that Zenergy, Gasich, Baeten, Bennett, Bozovic, Dalmy, Gasic, Jovanovich, Nelson, Wilding, and entities associated with them violated Sections 5(a) and 5(c) of the Securities Act of 1933. The complaints allege that Baeten, Bennett, Bowker, and Martino violated Section 17(b) of the Securities Act, and Wilding violated an SEC cease-and-desist order previously issued against him. The SEC further alleges that Zenergy violated Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934, and that Gasich and Luiten also violated, aided and abetted, or are liable as control persons for Zenergy’s violations of these provisions. The SEC’s complaint names Market Ideas and Vertical Group Holdings as relief defendants.
Agreeing to settle the SEC’s charges are Baeten, Bennett, Bowker, Bozovic, Gasic, Jovanovich, Nelson, and their associated entities. Without admitting or denying the allegations, they agreed to penny stock bars, permanent injunctions from further violations of the charged provisions of the securities laws, and monetary relief.
Gasich agreed to a partial settlement that imposes disgorgement and penalties, a penny stock bar, an officer-and-director bar, and a permanent injunction from further violations of the charged provisions of the securities laws. He neither admits nor denies the allegations. Amounts of disgorgement and prejudgment interest to be paid jointly and severally by Gasich and his company Market Ideas as well as financial penalties are to be determined by the court.
The SEC’s case continues against Zenergy, Dalmy, Luiten, Martino, and Wilding. The SEC is seeking penny stock bars, disgorgement and prejudgment interest, financial penalties, and permanent injunctions, as well as an officer-and-director bar against Luiten.
The SEC’s investigation was conducted by Kathryn A. Pyszka, Paul M. G. Helms, and Timothy T. Tatman in the Chicago Regional Office. The SEC’s litigation will be led by Daniel J. Hayes and John E. Birkenheier.
Now more CMKX connection to the above:
DEPOSITION of Third-Party Defendant LINDELL H. BONNEY on 9/29/08
Case No. 06-80236-CIV-RYSKAMP/VITUNAC
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
FINASIA AB, et al.,
Plaintiffs
vs.
CARIB ATLANTIC TRUST, et al.,
Defendants/Third-Party Plaintiffs,
vs.
LINDELL H. BONNEY
Third-Party Defendant
viewer.zoho.com/docs/kJd3ci
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=936054
By: carmelbeach
24 May 2010, 10:05 PM EDT
Rating: Msg. 936066 of 936083
LEO WANTA - FEDERAL PRISON INMATE til 1993
www.bop.gov/iloc2/LocateInmate.jsp
Name LEO WANTA
Register # 43419-053
Age-Race-Sex 69-White-M
Release Date 11-19-1993
Location RELEASED
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=936066
By: carmelbeach
24 May 2010, 08:58 PM EDT
Rating: Msg. 936032 of 936087
(Reply to 935990 by ezaltheladiespa)
THE EARLY BIRDS 1999
ALL OF THE FOLLOWING WERE INVOLVED IN THE CMKX SCAM AS FAR BACK AS 1999 according to this document
www.keepandshare.com/doc/245849/shareholders-list-by-cert-number-258k?dn=y
Cert No.
Date Issued
Name
Reason
Quantity of Shares
Current PPS Date Issued
Dollar Conversion
Running Balance
5,641 01/23/03 Adam Barnett 1999 Consulting 5,000,000 0.00881 $44,050 $44,050
6,071 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $32,600
6,072 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $65,200
6,073 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $97,800
6,074 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $130,400
6,068 03/01/03 Chris Jenson 1999 Financing 10,000,000 0.00163 $16,300 $16,300
5,066 12/18/02 Kim Lo Castro 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,065 12/18/02 Vincent Lo Castro 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,068 12/18/02 Vincent Lo Castro 1999 Financing 4,000,000 0.03500 $140,000 $140,000
5,067 12/18/02 Lo Castro & Assoiciates 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,084 12/31/02 Lo Castro & Assoiciates 1999 Financing 10,000,000 0.01300 $130,000 $235,000
6,075 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $416,520
6,076 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $449,120
6,077 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $481,720
6,078 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $514,320
5,070 12/18/02 NPJB, Inc. 1999 Financing 4,000,000 0.03500 $140,000 $140,000
6,070 03/01/03 Research Investment Group 1999 Financing 10,000,000 0.00163 $16,300 $16,300
5,086 12/31/02 Rick Anthony 1999 Financing 6,000,000 0.01300 $78,000 $78,000
5,087 12/31/02 Frank Ormstead 1999 Financing 6,000,000 0.01300 $78,000 $78,000
6,069 03/01/03 Joan Shapiro 1999 Financing 10,000,000 0.00163 $16,300 $16,300
6,067 03/01/03 Stop & Company 1999 Financing 12,000,000 0.00163 $19,560 $19,560
5,069 12/18/02 T&T Equities 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,642 01/23/03 Nicole A 1999 Consulting 2,500,000 0.00881 $22,025 $22,025
A FEW (far from exhaustive) IDENTIFYING DETAILS OF SOME THE EARLY BIRDS
ADAM BARNETT - Pres. OMDA Oil and Gas, Inc. [OOAG], involved in various other pennystock shenanigans, had lengthy legal ####### match with Houser of BMCS.
BRUCE HARLAN - was Pres. Pinnacle Business Management [PCBM then SRCI]
was Pres./CEO Corbel Holdings nka Biotech Medics [BTMD, BTME, BMCS]
CHRIS 'JENSON' [actually JENSEN] - was CEO of eConnect [ECNT, ECNC], where he hired friend ALLAN F. TREFFRY (now one of the 7 plaintiffs in the crackpot Hodges lawsuit) as company attorney. Jensen also was hired as promoter (Goldstake Enterprises) of Biotech Medics by CEO Keith Houser. (And according to CMKX crackpot bagholder and Treffry pal Don McCurdy, I, carmelbeach, am Jensen)
VINCENT LO CASTRO - All-around slimeball , Turino syndicate operative, formerly PCBM/SRCI scam bigwig, currently crooked used car dealer
RESEARCH INVESTMENT GROUP - Pennystock financing and promotion vehicle for notorious Florida wild man SCOTT H. WILDING
JOAN SHAPIRO - girlfriend of notorious Edward N. Thompson (formerly of Santa Monica CA) who was widely known as 'surfit' or 'slurpit' as a crazed semi-literate, extremely vulgar pumper/basher on many message boards. Thompson also a long-time friend of Treffry.
If anyone has info or comments on the other entries with which I am not familiar, feel free to contribute.
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=936032
www.sec.gov/litigation/admin/33-8387.htm
In the Matter of
RESEARCH INVESTMENT GROUP, INC.,SCOTT H. WILDING, SMALLCAP SOLUTIONS, INC., COMPLETE FINANCIAL AND OPERATIONS, LLC,and TYLER T. FLEMING
search.sec.gov/secgov/index.jsp#queryResultsTop
www.sec.gov/litigation/complaints/complr17507.htm
Civil Action No.
v.
PINNACLE BUSINESS MANAGEMENT, INC.,
VINCENT A. LO CASTRO, JEFFREY G. TURINO
Defendant.
search.sec.gov/secgov/index.jsp#queryResultsTop
www.sec.gov/litigation/aljdec/id250rgm.htm
In the Matter of
Lorsin, Inc., Loretta M. Lockhart, Craig K. Hjalmarson, Russell Management, Inc., George R. Siembida, Harold Engel, Jr., Microcap Marketing, Inc., and Shane M. Nelson
search.sec.gov/secgov/index.jsp#queryResultsTop
search.sec.gov/secgov/index.jsp#queryResultsTop
CMKM DIAMONDS, INC., URBAN
CASAVANT, JOHN EDWARDS, GINGER
GUTIERREZ, JAMES KINNEY, ANTHONY
TOMASSO, KATHLEEN TOMASSO, 1ST
GLOBAL STOCK TRANSFER LLC, HELEN
BAGLEY, NEVWEST SECURITIES
CORPORATION, DARYL ANDERSON,
SERGEY RUMYANTSEV, ANTHONY
SANTOS, and BRIAN DVORAK,
Defendants.
SEC Charges Purported Biofuel Company and a Dozen Individuals in Chicago-Based Pump-and-Dump Scheme
FOR IMMEDIATE RELEASE
2013-143 Washington D.C., Aug. 1, 2013 — The Securities and Exchange Commission today charged a purported biofuel company in Chicago and a dozen individuals in a pump-and-dump scheme that generated $4.4 million in illicit profits.
The SEC alleges that Bosko R. Gasich, a founder and principal shareholder of Zenergy International caused the company to enter into a reverse merger with a publicly traded shell entity called Paradigm Tactical Products. Using backdated convertible debt, Gasich caused Paradigm to issue 300 million shares of purportedly unrestricted stock to his family and friends, a lawyer who served as transaction counsel, stock promoters, and associates of Paradigm.
The SEC alleges that Gasich and Scott H. Wilding, who is the subject of a prior SEC cease-and-desist order, and several stock touters then conducted two promotional campaigns to generate investor interest in Zenergy. These touters failed to disclose the compensation they received for promoting Zenergy. The touting was accompanied by misleading press releases and financial disclosures that were reviewed and approved by Gasich and Robert J. Luiten, who was Zenergy’s CEO. Diane D. Dalmy, who acted as counsel for the reverse merger, issued opinion letters that improperly concluded that her and others’ shares were unrestricted and freely tradable. As Zenergy’s stock price increased in conjunction with the promotional activity and other misconduct, Gasich and others sold their shares into the public market for illicit profits.
The SEC also today announced a trading suspension in Zenergy stock.
“This case covers a broad range of parties who were involved in various aspects of a pump-and-dump scheme to make illicit profits at the expense of the investing public,” said Timothy L. Warren, Acting Director of the Chicago Regional Office. “These individuals included a complicit CEO, Gasich’s family and friends, a lawyer who issued improper opinion letters, and promoters who touted the stock without disclosing they had something to gain.”
In complaints filed in U.S. District Court for the Northern District of Illinois, the SEC charged Zenergy, Gasich, Luiten, Wilding and his company Skyline Capital, and Dalmy, who live in Chicago, Mobile, Ala., Pembroke Pines, Fla., and Denver respectively. The complaints also charged the following other individuals and their entities:
Gasich Family and Friends
Diana Bozovic – Niece who lives in Evanston, Ill.
Javorka L. Gasic – Sister who lives in Evanston, Ill.
Nenad Jovanovich – Former college roommate and close friend who lives in Chicago.
Kymberly A. Nelson – Formerly engaged to Gasich and shared a residence with him during the scheme.
Promoters and Touters
Dale J. Baeten of Brillion, Wisc.
Charles C. Bennett of Gainesville, Ga.
George E. Bowker III of New Milford, N.J.
Ronald Martino of Cranston, R.I.
The SEC’s complaints allege that Zenergy, Gasich, Baeten, Bennett, Bozovic, Dalmy, Gasic, Jovanovich, Nelson, Wilding, and entities associated with them violated Sections 5(a) and 5(c) of the Securities Act of 1933. The complaints allege that Baeten, Bennett, Bowker, and Martino violated Section 17(b) of the Securities Act, and Wilding violated an SEC cease-and-desist order previously issued against him. The SEC further alleges that Zenergy violated Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934, and that Gasich and Luiten also violated, aided and abetted, or are liable as control persons for Zenergy’s violations of these provisions. The SEC’s complaint names Market Ideas and Vertical Group Holdings as relief defendants.
Agreeing to settle the SEC’s charges are Baeten, Bennett, Bowker, Bozovic, Gasic, Jovanovich, Nelson, and their associated entities. Without admitting or denying the allegations, they agreed to penny stock bars, permanent injunctions from further violations of the charged provisions of the securities laws, and monetary relief.
Gasich agreed to a partial settlement that imposes disgorgement and penalties, a penny stock bar, an officer-and-director bar, and a permanent injunction from further violations of the charged provisions of the securities laws. He neither admits nor denies the allegations. Amounts of disgorgement and prejudgment interest to be paid jointly and severally by Gasich and his company Market Ideas as well as financial penalties are to be determined by the court.
The SEC’s case continues against Zenergy, Dalmy, Luiten, Martino, and Wilding. The SEC is seeking penny stock bars, disgorgement and prejudgment interest, financial penalties, and permanent injunctions, as well as an officer-and-director bar against Luiten.
The SEC’s investigation was conducted by Kathryn A. Pyszka, Paul M. G. Helms, and Timothy T. Tatman in the Chicago Regional Office. The SEC’s litigation will be led by Daniel J. Hayes and John E. Birkenheier.
Now more CMKX connection to the above:
DEPOSITION of Third-Party Defendant LINDELL H. BONNEY on 9/29/08
Case No. 06-80236-CIV-RYSKAMP/VITUNAC
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
FINASIA AB, et al.,
Plaintiffs
vs.
CARIB ATLANTIC TRUST, et al.,
Defendants/Third-Party Plaintiffs,
vs.
LINDELL H. BONNEY
Third-Party Defendant
viewer.zoho.com/docs/kJd3ci
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=936054
By: carmelbeach
24 May 2010, 10:05 PM EDT
Rating: Msg. 936066 of 936083
LEO WANTA - FEDERAL PRISON INMATE til 1993
www.bop.gov/iloc2/LocateInmate.jsp
Name LEO WANTA
Register # 43419-053
Age-Race-Sex 69-White-M
Release Date 11-19-1993
Location RELEASED
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=936066
By: carmelbeach
24 May 2010, 08:58 PM EDT
Rating: Msg. 936032 of 936087
(Reply to 935990 by ezaltheladiespa)
THE EARLY BIRDS 1999
ALL OF THE FOLLOWING WERE INVOLVED IN THE CMKX SCAM AS FAR BACK AS 1999 according to this document
www.keepandshare.com/doc/245849/shareholders-list-by-cert-number-258k?dn=y
Cert No.
Date Issued
Name
Reason
Quantity of Shares
Current PPS Date Issued
Dollar Conversion
Running Balance
5,641 01/23/03 Adam Barnett 1999 Consulting 5,000,000 0.00881 $44,050 $44,050
6,071 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $32,600
6,072 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $65,200
6,073 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $97,800
6,074 03/01/03 The Bruce Harlan Trust 1999 Financing 20,000,000 0.00163 $32,600 $130,400
6,068 03/01/03 Chris Jenson 1999 Financing 10,000,000 0.00163 $16,300 $16,300
5,066 12/18/02 Kim Lo Castro 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,065 12/18/02 Vincent Lo Castro 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,068 12/18/02 Vincent Lo Castro 1999 Financing 4,000,000 0.03500 $140,000 $140,000
5,067 12/18/02 Lo Castro & Assoiciates 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,084 12/31/02 Lo Castro & Assoiciates 1999 Financing 10,000,000 0.01300 $130,000 $235,000
6,075 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $416,520
6,076 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $449,120
6,077 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $481,720
6,078 03/01/03 Lo Castro & Assoiciates 1999 Financing 20,000,000 0.00163 $32,600 $514,320
5,070 12/18/02 NPJB, Inc. 1999 Financing 4,000,000 0.03500 $140,000 $140,000
6,070 03/01/03 Research Investment Group 1999 Financing 10,000,000 0.00163 $16,300 $16,300
5,086 12/31/02 Rick Anthony 1999 Financing 6,000,000 0.01300 $78,000 $78,000
5,087 12/31/02 Frank Ormstead 1999 Financing 6,000,000 0.01300 $78,000 $78,000
6,069 03/01/03 Joan Shapiro 1999 Financing 10,000,000 0.00163 $16,300 $16,300
6,067 03/01/03 Stop & Company 1999 Financing 12,000,000 0.00163 $19,560 $19,560
5,069 12/18/02 T&T Equities 1999 Financing 3,000,000 0.03500 $105,000 $105,000
5,642 01/23/03 Nicole A 1999 Consulting 2,500,000 0.00881 $22,025 $22,025
A FEW (far from exhaustive) IDENTIFYING DETAILS OF SOME THE EARLY BIRDS
ADAM BARNETT - Pres. OMDA Oil and Gas, Inc. [OOAG], involved in various other pennystock shenanigans, had lengthy legal ####### match with Houser of BMCS.
BRUCE HARLAN - was Pres. Pinnacle Business Management [PCBM then SRCI]
was Pres./CEO Corbel Holdings nka Biotech Medics [BTMD, BTME, BMCS]
CHRIS 'JENSON' [actually JENSEN] - was CEO of eConnect [ECNT, ECNC], where he hired friend ALLAN F. TREFFRY (now one of the 7 plaintiffs in the crackpot Hodges lawsuit) as company attorney. Jensen also was hired as promoter (Goldstake Enterprises) of Biotech Medics by CEO Keith Houser. (And according to CMKX crackpot bagholder and Treffry pal Don McCurdy, I, carmelbeach, am Jensen)
VINCENT LO CASTRO - All-around slimeball , Turino syndicate operative, formerly PCBM/SRCI scam bigwig, currently crooked used car dealer
RESEARCH INVESTMENT GROUP - Pennystock financing and promotion vehicle for notorious Florida wild man SCOTT H. WILDING
JOAN SHAPIRO - girlfriend of notorious Edward N. Thompson (formerly of Santa Monica CA) who was widely known as 'surfit' or 'slurpit' as a crazed semi-literate, extremely vulgar pumper/basher on many message boards. Thompson also a long-time friend of Treffry.
If anyone has info or comments on the other entries with which I am not familiar, feel free to contribute.
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=936032
www.sec.gov/litigation/admin/33-8387.htm
In the Matter of
RESEARCH INVESTMENT GROUP, INC.,SCOTT H. WILDING, SMALLCAP SOLUTIONS, INC., COMPLETE FINANCIAL AND OPERATIONS, LLC,and TYLER T. FLEMING
search.sec.gov/secgov/index.jsp#queryResultsTop
www.sec.gov/litigation/complaints/complr17507.htm
Civil Action No.
v.
PINNACLE BUSINESS MANAGEMENT, INC.,
VINCENT A. LO CASTRO, JEFFREY G. TURINO
Defendant.
search.sec.gov/secgov/index.jsp#queryResultsTop
www.sec.gov/litigation/aljdec/id250rgm.htm
In the Matter of
Lorsin, Inc., Loretta M. Lockhart, Craig K. Hjalmarson, Russell Management, Inc., George R. Siembida, Harold Engel, Jr., Microcap Marketing, Inc., and Shane M. Nelson
search.sec.gov/secgov/index.jsp#queryResultsTop
search.sec.gov/secgov/index.jsp#queryResultsTop
CMKM DIAMONDS, INC., URBAN
CASAVANT, JOHN EDWARDS, GINGER
GUTIERREZ, JAMES KINNEY, ANTHONY
TOMASSO, KATHLEEN TOMASSO, 1ST
GLOBAL STOCK TRANSFER LLC, HELEN
BAGLEY, NEVWEST SECURITIES
CORPORATION, DARYL ANDERSON,
SERGEY RUMYANTSEV, ANTHONY
SANTOS, and BRIAN DVORAK,
Defendants.
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