GeckoSystems Augments GA RICO Lawsuit Re: Ongoing Stock Manipulation
Mar 22, 2017
OTC Disclosure & News Service
Conyers, GA -
CONYERS, GA, March 22, 2017 -- 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 and have strengthened that inquiry with the retention of Strauss & Frost. LLC. 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 Companyâs 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
Last November it was learned that 50,000,000 GOSY shares were placed in the custody of BBH and despite multiple written requests and phone calls to senior BBH management, there has been no response as to the location of these tens of millions of missing shares. http://tinyurl.com/hc9xrdd
Recently, Continental Stock Transfer & Trust provided their âpaper trailâ that BBH had been sent the missing 50,000,000 shares. http://tinyurl.com/ml64mqa
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 â 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 investment scams, 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 Brown Brothers Harriman (BBH), a New York-based investment bank, $8 million, and fined the bankâs 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. BBHâs 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
The Companyâs Officers are hopeful that the facts revealed in the past and present, due to their ongoing Civil RICO lawsuit investigations --in concert with Strauss & Frostâs major legal initiatives and responses-- will be sufficient for the FBI to evolve this Civil RICO suit to Criminal status forthwith.
âPersonally, I take my fiduciary responsibility to our shareholders very seriously, as I hope we clearly indicate above summarizing our present perspective of Wallace, MacLeod and BBH. Despite the reality of the foregoing, we continue to have numerous ongoing joint venture and/or licensing discussions with those who share the same interest in using mobile service robots to help others. I am also pleased that as the Service Robotics industry begins to offer real products to eager markets our capabilities are being recognized. We remain completely committed to providing our 1300+ shareholders the ROI they deserve. They can continue to be confident that we expect to be signing numerous multi-million-dollar licensing agreements to further substantiate and delineate the reality that GeckoSystems will enjoy additional licensing revenues to further increase shareholder value," concluded Martin Spencer, Founder/CEO, GeckoSystems Intl. Corp.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies for nineteen years. It is CEO Martin Spencer's dream to make people's lives better through AI robotic technologies.
In order for any companion robot to be utilitarian for family care, it must be a "three-legged milk stool."
(1) Human quick reflex time to avoid moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) with a sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal interaction can occur routinely with video and audio monitoring of the care receiver is uninterrupted.
The safety requirement for human quick WCET reflex time in all forms of mobile robots:
In order to understand the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why another Japanese robotics company desires a business relationship with GeckoSystems, itâs key to acknowledge some basic realities for all forms of automatic, non-human intervention, vehicular locomotion and steering.
1. Laws of Physics such as Conservation of Energy, inertia, and momentum, limit a vehicleâs ability to stop or maneuver. If, for instance, a carâs braking system design cannot generate enough friction for a given road surface to stop the car in 100 feet after brake application, thatâs a real limitation. If a car cannot corner at more than .9g due to a combination of suspension design and road conditions, that, also, is reality. Regardless how talented a NASCAR driver may be, if his race car is inadequate, heâs not going to win races.
2. At the same time, if a car driver (or pilot) is tired, drugged, distracted, etc. their reflex time becomes too slow to react in a timely fashion to unexpected direction changes of moving obstacles, or the sudden appearance of fixed obstacles. Many car "accidents" result from drunk driving due to reflex time and/or judgment impairment. Average reflex time takes between 150 & 300ms. http://tinyurl.com/nsrx75n
3. In robotic systems, "human reflex time" is known as Worst Case Execution Time (WCET). Historically, in computer systems engineering, WCET of a computational task is the maximum length of time the task could take to execute on a specific hardware platform. In big data, this is the time to load up the data to be processed, processed, and then outputted into useful distillations, summaries, or common sense insights. GeckoSystems' basic AI self-guidance navigation system processes 147 megabytes of data per second using low cost, Commercial Off The Shelf (COTS) Single Board Computers (SBC's).
4. Highly trained and skilled jet fighter pilots have a reflex time (WCET) of less than 120ms. Their "eye to hand" coordination time is a fundamental criterion for them to be successful jet fighter pilots. The same holds true for all high-performance forms of transportation that are sufficiently pushing the limits of the Laws of Physics to require the quickest possible reaction time for safe human control and/or usage.
5. GeckoSystems' WCET is less than 100ms, or as quick, or quicker than most gifted jet fighter pilots, NASCAR race car drivers, etc. while using low cost COTS and SBC's
6. In mobile robotic guidance systems, WCET has 3 fundamental components.
a. Sufficient Field of View (FOV) with appropriate granularity, accuracy, and update rate.
b. Rapid processing of that contextual data such that common sense responses are generated.
c. Timely physical execution of those common sense responses.
An earlier third party verification of GeckoSystemsâ AI centric, human quick sense and avoidance of moving and/or unmapped obstacles by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN
An overview of GeckoSystems' progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
These videos illustrate the development of the technology that makes GeckoSystems a world leader in Service Robotics development. Early CareBot prototypes were slower and frequently pivoted in order to avoid a static or dynamic obstacle; later prototypes avoided obstacles without pivoting. Current CareBots avoid obstacles with a graceful âbicycle smoothâ motion. The latest videos also depict the CareBot's ability to automatically go faster or slower depending on the amount of clutter (number of obstacles) within its field of view. This is especially important when avoiding moving obstacles in âloose crowdâ situations like a mall or an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous YouTube videos. The most popular of which are the ones showing room-to-room automatic self-navigation of the CareBot through narrow doorways and a hallway of an old 1954 home. You will see the CareBot slow down when going through the doorways because of their narrow width and then speed up as it goes across the relatively open kitchen area. There are also videos of the SafePath(tm) wheelchair, which is a migration of the CareBot AI centric navigation system to a standard power wheelchair, and recently developed cost effective depth cameras were used in this recent configuration. SafePath(tm) navigation is now available to OEM licensees and these videos show the versatility of GeckoSystems' fully autonomous navigation solution.
GeckoSystems, Star Wars Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
The company has successfully completed an Alpha trial of its CareBot personal assistance robot for the elderly. It was tested in a home care setting and received enthusiastic support from both caregivers and care receivers. The company believes that the CareBot will increase the safety and well-being of its elderly charges while decreasing stress on the caregiver and the family.
GeckoSystems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. CareBot has recently incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
Above, the CareBot demonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. There is no joystick control or programmed path; movements are smoother that those achieved using a joystick control. GeckoNav creates three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior within GeckoNav enables the CareBot to reach its target destination after engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote
Here is Spencer's LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Source: GeckoSystems Intl. Corp.
Safe Harbor:
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Mar 22, 2017
OTC Disclosure & News Service
Conyers, GA -
CONYERS, GA, March 22, 2017 -- 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 and have strengthened that inquiry with the retention of Strauss & Frost. LLC. 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 Companyâs 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
Last November it was learned that 50,000,000 GOSY shares were placed in the custody of BBH and despite multiple written requests and phone calls to senior BBH management, there has been no response as to the location of these tens of millions of missing shares. http://tinyurl.com/hc9xrdd
Recently, Continental Stock Transfer & Trust provided their âpaper trailâ that BBH had been sent the missing 50,000,000 shares. http://tinyurl.com/ml64mqa
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 â 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 investment scams, 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 Brown Brothers Harriman (BBH), a New York-based investment bank, $8 million, and fined the bankâs 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. BBHâs 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
The Companyâs Officers are hopeful that the facts revealed in the past and present, due to their ongoing Civil RICO lawsuit investigations --in concert with Strauss & Frostâs major legal initiatives and responses-- will be sufficient for the FBI to evolve this Civil RICO suit to Criminal status forthwith.
âPersonally, I take my fiduciary responsibility to our shareholders very seriously, as I hope we clearly indicate above summarizing our present perspective of Wallace, MacLeod and BBH. Despite the reality of the foregoing, we continue to have numerous ongoing joint venture and/or licensing discussions with those who share the same interest in using mobile service robots to help others. I am also pleased that as the Service Robotics industry begins to offer real products to eager markets our capabilities are being recognized. We remain completely committed to providing our 1300+ shareholders the ROI they deserve. They can continue to be confident that we expect to be signing numerous multi-million-dollar licensing agreements to further substantiate and delineate the reality that GeckoSystems will enjoy additional licensing revenues to further increase shareholder value," concluded Martin Spencer, Founder/CEO, GeckoSystems Intl. Corp.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies for nineteen years. It is CEO Martin Spencer's dream to make people's lives better through AI robotic technologies.
In order for any companion robot to be utilitarian for family care, it must be a "three-legged milk stool."
(1) Human quick reflex time to avoid moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) with a sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal interaction can occur routinely with video and audio monitoring of the care receiver is uninterrupted.
The safety requirement for human quick WCET reflex time in all forms of mobile robots:
In order to understand the importance of GeckoSystems' breakthrough, proprietary, and exclusive AI software and why another Japanese robotics company desires a business relationship with GeckoSystems, itâs key to acknowledge some basic realities for all forms of automatic, non-human intervention, vehicular locomotion and steering.
1. Laws of Physics such as Conservation of Energy, inertia, and momentum, limit a vehicleâs ability to stop or maneuver. If, for instance, a carâs braking system design cannot generate enough friction for a given road surface to stop the car in 100 feet after brake application, thatâs a real limitation. If a car cannot corner at more than .9g due to a combination of suspension design and road conditions, that, also, is reality. Regardless how talented a NASCAR driver may be, if his race car is inadequate, heâs not going to win races.
2. At the same time, if a car driver (or pilot) is tired, drugged, distracted, etc. their reflex time becomes too slow to react in a timely fashion to unexpected direction changes of moving obstacles, or the sudden appearance of fixed obstacles. Many car "accidents" result from drunk driving due to reflex time and/or judgment impairment. Average reflex time takes between 150 & 300ms. http://tinyurl.com/nsrx75n
3. In robotic systems, "human reflex time" is known as Worst Case Execution Time (WCET). Historically, in computer systems engineering, WCET of a computational task is the maximum length of time the task could take to execute on a specific hardware platform. In big data, this is the time to load up the data to be processed, processed, and then outputted into useful distillations, summaries, or common sense insights. GeckoSystems' basic AI self-guidance navigation system processes 147 megabytes of data per second using low cost, Commercial Off The Shelf (COTS) Single Board Computers (SBC's).
4. Highly trained and skilled jet fighter pilots have a reflex time (WCET) of less than 120ms. Their "eye to hand" coordination time is a fundamental criterion for them to be successful jet fighter pilots. The same holds true for all high-performance forms of transportation that are sufficiently pushing the limits of the Laws of Physics to require the quickest possible reaction time for safe human control and/or usage.
5. GeckoSystems' WCET is less than 100ms, or as quick, or quicker than most gifted jet fighter pilots, NASCAR race car drivers, etc. while using low cost COTS and SBC's
6. In mobile robotic guidance systems, WCET has 3 fundamental components.
a. Sufficient Field of View (FOV) with appropriate granularity, accuracy, and update rate.
b. Rapid processing of that contextual data such that common sense responses are generated.
c. Timely physical execution of those common sense responses.
An earlier third party verification of GeckoSystemsâ AI centric, human quick sense and avoidance of moving and/or unmapped obstacles by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN
An overview of GeckoSystems' progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
These videos illustrate the development of the technology that makes GeckoSystems a world leader in Service Robotics development. Early CareBot prototypes were slower and frequently pivoted in order to avoid a static or dynamic obstacle; later prototypes avoided obstacles without pivoting. Current CareBots avoid obstacles with a graceful âbicycle smoothâ motion. The latest videos also depict the CareBot's ability to automatically go faster or slower depending on the amount of clutter (number of obstacles) within its field of view. This is especially important when avoiding moving obstacles in âloose crowdâ situations like a mall or an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous YouTube videos. The most popular of which are the ones showing room-to-room automatic self-navigation of the CareBot through narrow doorways and a hallway of an old 1954 home. You will see the CareBot slow down when going through the doorways because of their narrow width and then speed up as it goes across the relatively open kitchen area. There are also videos of the SafePath(tm) wheelchair, which is a migration of the CareBot AI centric navigation system to a standard power wheelchair, and recently developed cost effective depth cameras were used in this recent configuration. SafePath(tm) navigation is now available to OEM licensees and these videos show the versatility of GeckoSystems' fully autonomous navigation solution.
GeckoSystems, Star Wars Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
The company has successfully completed an Alpha trial of its CareBot personal assistance robot for the elderly. It was tested in a home care setting and received enthusiastic support from both caregivers and care receivers. The company believes that the CareBot will increase the safety and well-being of its elderly charges while decreasing stress on the caregiver and the family.
GeckoSystems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. CareBot has recently incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
Above, the CareBot demonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. There is no joystick control or programmed path; movements are smoother that those achieved using a joystick control. GeckoNav creates three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior within GeckoNav enables the CareBot to reach its target destination after engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets under the ticker symbol GOSY. http://www.otcmarkets.com/stock/GOSY/quote
Here is Spencer's LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Source: GeckoSystems Intl. Corp.
Safe Harbor:
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
