I own no shares of GOSY but even though this story is off topic it is important that CTIX shareholders read it and understand the kinds of things going on in our markets. It will be interesting to follow this story imho. Go CTIX!!!
Quote:
GeckoSystems Seeking FBI Investigation of Brown Bros., Harriman& Co.
CONYERS, GA, November 15, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.GeckoSystems.com/) announced today that the stockholders holding majority ownership are of information and belief that Brown Bros. Harriman and Co. (BBH) has conspired with Mr. Neil T. Wallace and/or George I. MacLeod to defraud GOSY shareholders several millions of dollars. For over nineteen years, GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
In June of 2015, the Company’s Officers filed a Racketeering Influence and Corruption (RICO) lawsuit with the Rockdale County Superior Court against Neil Wallace, Bette Wallace, the Estate of Harold Wallace, and Danielle Sims. http://tinyurl.com/qhl3uzu
Recently it was learned that 50,000,000 GOSY shares were placed in the custody of BBH and despite a multiple written requests and phone calls to senior BBH management, there has been no response.http://tinyurl.com/hc9xrdd
According to Mr. Josh Hutson’s LinkedIn profile he received his graduate law degree from Rutgers University and his undergraduate degree in business administration from William and Mary. https://www.linkedin.com/in/josh-hutson-614a9b7 Mr. Hutson is BBH’s Chief Compliance Officer and a Senior Vice President.
Last year, the Acting Under Secretary, Terrorism and Financial Intelligence, of the Department of the Treasury, Mr. Adam J. Szubin, submitted this public report:
Excerpts from National Money Laundering Risk Assessment – 2015
The term securities fraud covers a wide range of illegal activities including, among others, affinity fraud,high yield investment programs, microcap fraud, Ponzi schemes, pre-initial public offering investments cams, pyramid schemes, insider trading, market manipulation, and pump and dump schemes. Securities accounts can be used to originate illicit proceeds through the implementation of these fraudulent securities trading practices. Securities fraud is the most common predicate crime for criminal money laundering cases involving transactions through broker-dealers. The proceeds of drug trafficking and other crimes sometimes find their way into brokerage accounts at the layering stage more than at the placement stage. Most identified cases of illicit activity in the securities markets relate to some form of fraud, including securities fraud, identity theft, or embezzlement. In 2013, the SEC filed 686 enforcement actions, which resulted in more than $3.4 billion in disgorgement of illicit profits and penalties combined.
In February 2014, FINRA issued its highest fine to date for AML violations, fining BrownBrothers Harriman (BBH), a New York-based investment bank, $8 million, and fined the bank’s former AML compliance officer $25,000.342 According to FINRA, BBH did not have an adequate AML program in place to monitor and detect suspicious penny stock transactions and file appropriate SARs. FINRA found that between 2009 and 2013 BBH facilitated transactions in at least six billion shares of penny stocks, often on behalf of undisclosed customers of foreign banks in known bank secrecy havens. FINRA notes penny stocks pose a high risk for fraud because low-priced securities can be manipulated. BBH’s customers generated at least $850 million in profits through their penny stock transactions.
The complete report may be found at: https://www.treasury.gov/resource-center/terr...2-2015.pdf
Quote:
GeckoSystems Seeking FBI Investigation of Brown Bros., Harriman& Co.
CONYERS, GA, November 15, 2016 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.GeckoSystems.com/) announced today that the stockholders holding majority ownership are of information and belief that Brown Bros. Harriman and Co. (BBH) has conspired with Mr. Neil T. Wallace and/or George I. MacLeod to defraud GOSY shareholders several millions of dollars. For over nineteen years, GeckoSystems has dedicated itself to development of "AI Mobile Robot Solutions for Safety, Security and Service(tm)."
In June of 2015, the Company’s Officers filed a Racketeering Influence and Corruption (RICO) lawsuit with the Rockdale County Superior Court against Neil Wallace, Bette Wallace, the Estate of Harold Wallace, and Danielle Sims. http://tinyurl.com/qhl3uzu
Recently it was learned that 50,000,000 GOSY shares were placed in the custody of BBH and despite a multiple written requests and phone calls to senior BBH management, there has been no response.http://tinyurl.com/hc9xrdd
According to Mr. Josh Hutson’s LinkedIn profile he received his graduate law degree from Rutgers University and his undergraduate degree in business administration from William and Mary. https://www.linkedin.com/in/josh-hutson-614a9b7 Mr. Hutson is BBH’s Chief Compliance Officer and a Senior Vice President.
Last year, the Acting Under Secretary, Terrorism and Financial Intelligence, of the Department of the Treasury, Mr. Adam J. Szubin, submitted this public report:
Excerpts from National Money Laundering Risk Assessment – 2015
The term securities fraud covers a wide range of illegal activities including, among others, affinity fraud,high yield investment programs, microcap fraud, Ponzi schemes, pre-initial public offering investments cams, pyramid schemes, insider trading, market manipulation, and pump and dump schemes. Securities accounts can be used to originate illicit proceeds through the implementation of these fraudulent securities trading practices. Securities fraud is the most common predicate crime for criminal money laundering cases involving transactions through broker-dealers. The proceeds of drug trafficking and other crimes sometimes find their way into brokerage accounts at the layering stage more than at the placement stage. Most identified cases of illicit activity in the securities markets relate to some form of fraud, including securities fraud, identity theft, or embezzlement. In 2013, the SEC filed 686 enforcement actions, which resulted in more than $3.4 billion in disgorgement of illicit profits and penalties combined.
In February 2014, FINRA issued its highest fine to date for AML violations, fining BrownBrothers Harriman (BBH), a New York-based investment bank, $8 million, and fined the bank’s former AML compliance officer $25,000.342 According to FINRA, BBH did not have an adequate AML program in place to monitor and detect suspicious penny stock transactions and file appropriate SARs. FINRA found that between 2009 and 2013 BBH facilitated transactions in at least six billion shares of penny stocks, often on behalf of undisclosed customers of foreign banks in known bank secrecy havens. FINRA notes penny stocks pose a high risk for fraud because low-priced securities can be manipulated. BBH’s customers generated at least $850 million in profits through their penny stock transactions.
The complete report may be found at: https://www.treasury.gov/resource-center/terr...2-2015.pdf
