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Post by alrich on Aug 20, 2011 12:00:59 GMT -5
The Task Force has now received certs in the name of certain brokerage companies. Our investigation reveals a potentially huge naked short position in at least two of the very companies that have sent us certs. The certs sent to the Task Force by the brokers represent billions of shares of CMKM stock. It is not the intention of the company to distribute Entourage stock to securities intermediaries and clearing houses for them to distribute the stock at their discretion. It is clear from the Regulation SHO records in conjunction with other sources (ADP, the transfer agent and the DTCC) that huge fails to deliver in this stock currently exist. It would be a breach of the fiduciary duty of the company to distribute these assets to a broker in lieu of its true beneficial owner when there is evidence of known fails to deliver occurring at the same brokerage house. Read more: camrhon.proboards.com/index.cgi?board=safe&action=display&thread=5270#ixzz1VXVNrLYvOn May 31, 2006, Bill Frizzell, member of the CMKM Task Force and shareholder attorney, submitted a complaint letter to the NASD Investor Complaint Center in regards to this serious problem. : May 31, 2006 NASD Investor Complaint Center 1735 K Street, NW Washington, D.C. 20006-1500 Re: Request for Investigation of Brokerage Conduct Involving CMKM Distribution Dear Sir or Madam: On November 5, 2005, a final order was entered by the SEC delisting the securities of CMKM Diamonds, Inc. (hereafter CMKM) Shortly thereafter, CMKM management appointed a “Task Force” to assist the company in determining their bonafide shareholders. I was invited to participate on this Task Force along with Attorney Don Stoecklein and Bob Maheu, a former board member of CMKM. The Task Force had a single job of identifying all bonafide shareholders of CMKM. Prior to delisting, the company had issued and outstanding 703 billion shares. There was evidence of billions of failed deliveries in this stock at the time the trading in this security was halted by the SEC. Trading was halted by the SEC for non reporting violations. Shortly after delisting, CMKM sold a major company asset consisting of a large number of mineral claims in Canada. The sale of this asset resulted in the company receiving 45,000,000 shares of an OTCBB stock called Entourage Mining Ltd. (ETGMF) The purchase agreement stipulated that such shares shall be distributed to the shareholders of CMKM. Recent press releases state that Entourage has a drilling program in operation and there is expectation of future development of the claims which were once owned by CMKM. The Entourage stock now trades in the .20 to .30 USD range. There is evidence of potential appreciation of this Entourage stock. Due to the indisputable evidence of large numbers of failed deliveries in this stock, CMKM elected to distribute the 45,000,000 shares of Entourage stock to all bonafide shareholders in what was described at that time as a windup distribution. CMKM has informed shareholders that only shareholders with valid certificates from the official company transfer agent will receive their pro rata distribution of Entourage stock. In November of 2005 CMKM shareholders began requesting certs from their brokers. CMKM is currently a private Nevada corporation in good standing per Nevada state statutes. Nevada law NRS 78.235 mandates that each shareholder has the right to request and receive certificates of ownership from the company for their stock. Specifically, the statute states “..every stockholder is entitled to have a certificate, signed by officers or agents designated by the corporation for the purpose, certifying the number of shares owned by him in the corporation.”. I am making this complaint in my capacity as a volunteer on the Task Force appointed by the company to determine its bonafide shareholders. I do not represent the company in any legal capacity other than being a volunteer to assist CMKM in identifying its bonafide shareholders. My law office has been the depository for shareholders to send copies of their certs once they receive the same from their broker. My office has worked closely with the official company transfer agent as we continue to gather evidence of bonafide ownership of CMKM stock. Consequently this office has documented complaints from hundreds of shareholders who have been attempting to obtain certs from their brokers since November of 2005 but have been unable to do so. The litany of excuses being given by various broker dealers for the refusal to honor their customers request for certs continues ad nauseum. At least three deadlines have been established in an effort to obtain cooperation from various brokers and to accommodate shareholders who received late notices of the request by the company. The DTCC sent information to its participants in November of 2005 informing its participants of the CMKM request that certificates be obtained in the beneficial owner’s names. As the final deadline imposed by CMKM approached, the DTCC, working with the CMKM Task Force, directed all participants to request their certs on deposit at the DTCC or the DTCC would send all remaining certs to the transfer agent for distribution back to the brokers. Many brokers still did not request their certs on deposit at the DTCC and the DTCC emptied their vaults of CMKM securities as they had indicated they would do. As of the date of this letter, the DTCC is not involved in the transfer of CMKM stock between the beneficial owners, the company and any securities intermediaries. All stock transfer problems which exist at this time are between the securities intermediaries (broker/dealers) and the shareholders. CMKX is no longer a publicly traded company. Its stock has not been publicly traded since October 31, 2005 per order of the SEC. All shares should be held directly by the beneficial owners of the stock and not by any securities intermediaries. This is not a defunct company or a no asset company. It is however clearly not a publicly traded security. As set out above, a number of the claims owned by the company have recently been sold for a value of several million dollars based on the market price of the stock which was obtained for the sale of the assets. Management still exists and is active in its efforts to identify its shareholders. Thus, there is no issue concerning “worthless securities” at this time. The only custodians of CMKM stock other than those shareholders who possess valid certs are the securities intermediaries. The term “securities intermediaries” is defined in the discussions of the enactment of 17 CFR 240 as amended. The comments and discussions about the ownership rights by securities intermediaries is pertinent to this request for an investigation. The comments by the SEC do not suggest that securities intermediaries (brokers) acquire the rights of beneficial owners or that such rights can be distributed or denied at the whim of the brokers. The most alarming problems are represented by those shareholders who have been requesting certs from their brokers since the company’s first announcement of a distribution seven months ago. Here is a sampling of excuses being given to shareholders as reasons for their inability to obtain a cert: “We had your cert, but it is now lost. It will take us another 6 to 8 weeks to obtain another one.” “This stock purchase was a book entry only and no certificate is available.” “Your stock was classified as a worthless security and is no longer in your account.” “Our clearing firm has not been able to deliver these certificates due to a backlog of requests at the transfer agency.” “I have been instructed we are no longer pulling certs for CMKM and there is nothing I can do. You need to contact the company.” “CMKM Diamonds has a “K” code next to it, indicating that it is being held in safekeeping for the client. The clearing agent has made the decision not to issue certs but rather fax a copy of the certs it holds to the transfer agent.” “Attached herewith is evidence of ownership of shares held electronically by XYZ clearing for ABC broker. ABC to confirm receipt of this proof of shares of CMKM and related companies are held with XYZ.” “In light of the lack of cooperation (by the transfer agent), your May 15th, 2006 deadline must be bogus and must be extended, and Entourage shares could of course still be sent to ABC for the benefit of XYZ.” “MNO said they had discussed with the Task Force the acceptability of the affidavit as proof of ownership in lieu of the certificate, and that it would be accepted.” No such conversation ever occurred with the Task Force members. “We ordered your certificate, and it has been lost. You must now fill out a loss certificate.” The transfer agent confirms that no certificate was ever issued. Each quoted statement above is taken verbatim from a shareholder’s letter or from a broker’s written response to a shareholder’s request for a cert. I could continue with pages and pages of documented incidences of these broker responses to the requests of the shareholders if such is necessary to establish the need for a full investigation. It is my understanding of various SEC rulings and other regulatory holdings that the true beneficial owners are the only people or entities that own the stock and the rights package associated with stock ownership. Securities intermediaries are simply as their name implies. They are intermediaries. In the case of this Entourage distribution, the brokers have no rights to receive the distribution absent any proprietary holdings. Since CMKM is no longer a publicly traded company, it is my understanding that the brokers have no ownership interest and certainly would have no rights to ownership of the Entourage stock. The Task Force has now received certs in the name of certain brokerage companies. Our investigation reveals a potentially huge naked short position in at least two of the very companies that have sent us certs. The certs sent to the Task Force by the brokers represent billions of shares of CMKM stock. It is not the intention of the company to distribute Entourage stock to securities intermediaries and clearing houses for them to distribute the stock at their discretion. It is clear from the Regulation SHO records in conjunction with other sources (ADP, the transfer agent and the DTCC) that huge fails to deliver in this stock currently exist. It would be a breach of the fiduciary duty of the company to distribute these assets to a broker in lieu of its true beneficial owner when there is evidence of known fails to deliver occurring at the same brokerage house. There was a time in the market place when shareholder’s rights at least co-existed with the rights of the broker/dealers. You have now been presented with evidence of shareholders who have demanded that their brokers issue certs for their holdings. Many shareholders have been flatly refused by their broker. This violates Nevada state law and the spirit, if not the letter, of federal regulatory law. I call on you to begin an investigation into this injustice. Sincerely, Bill Frizzell Member CMKM Task Force Shareholder Attorney I am receiving many emails and messages with concerns and questions about the confirmation process. I would like to share my response to all of the shareholders. I was informed in July 2008 that the DTCC has the funds. This would mean at least the record of the funds that were collected in their custodial care until disbursement. I am not sure how the DTCC banks their actual money, but my guess would be through the Treasury Department. When December came and nothing happened, I spoke with Attorney Bill Frizzell about the funds at the DTCC. Attorney Frizzell wanted an official documentation of the DTCC Funds first before he would take any action because he was busy with lawsuits and working on CMKM Diamonds trading again on the market. A respected shareholder informed me that his attorneys called Attorney Frizzell and Frizzell finally omitted after being threatened with legal action that funds were collected, but he did not know the details as to how much and when. I concluded, the only way shareholders are going to receive a confirmation of the funds is through an attorney. I asked the shareholder if his attorneys would help the shareholders with securing confirmation of the funds. His attorneys wanted $500 per hour and did not want their firm’s name made public because they have many clients and could not afford to have their staff answering shareholder’s calls and emails. I wanted transparency and access to the information for all the shareholders. I did not want the same thing that happened when the shareholders paid the Owners Group for Attorney Frizzell’s Phase I and Phase II and asked for accountability of the information collected to be told that the attorney was working for one individual and not for the shareholders. Attorney Al Hodges and I communicated a few times since 2006. I spoke with Mr. Dennis Smith and Attorney Hodges. I explained the situation and asked if they would help the shareholders obtain an official confirmation of the compensation for peace of mind for the shareholders and a legal basis to go on in case the shareholders need it. Attorney Hodges and Mr. Dennis Smith agreed with no preconditions and no fees were ever mentioned in our communications. They agreed that the official confirmation needed to be accomplished as quickly as possible because of the critical situation of the many shareholders who contacted me and asked for help. Attorney Al Hodges does not provide information until he is finished or he is satisfied the information will not negatively affect what he is working on. The update progress reports reflect this. Attorney Hodges and Mr. Dennis Smith are working the official confirmation plus have gone the extra mile by, verifying other information so the shareholders will have the facts, answering shareholders’ calls and emails, providing timely progress update reports, meeting with shareholders, meeting with a high powered individual who has a great influence and now a better understanding of the CMKX Shareholders’ predicament (Attorney Hodges will provide the details if and when necessary), communicating with other Attorneys….on and on. They are true champions for the shareholders. These are my thoughts, not Attorney Hodges’s or Mr. Dennis Smith. From what I gathered, the DTCC held the record of the compensation funds for their client. There were some activities with the funds when I was contacted in July 2008. It could be the funds were moved either in July 2008 or during the 10 day request. This would go in line with the other shareholders' contact information. There is enough evidence for Attorney Hodges to continue to pursue the official confirmation of the funds. I believe Chrisl’s and the other shareholders’ account of their calls to the DTCC. Attorney Hodges believes the shareholders’ account, but checked this out to see if he could acquire more information, which Attorney Hodges did as provided in his last update. No one is stalling. We are progressing in the right direction. The steps we are taking, we are sending out a strong message that we are working with not against any entity that can assist in providing an official confirmation of the compensation funds. The main objective is to ensure those involved will make as their number one priority... the release the compensation funds to the Shareholders. Besides the contributions and work on this confirmation process from Attorney Al Hodges, Mr. Dennis Smith, and Attorney Hodges’s staff, quite a few shareholders have sent letters and emails to President Obama, Congressman Ackerman, Senator Reed (arranged a meeting with Senator Reed as well), federal authorities and representatives, state authorities and representatives…who ever can influence the confirmation. We will continue to do whatever we can to ensure the Shareholders are compensated. I have attached some of the letters I sent as a reference for any one who would like to help by also sending a letter. I am focusing on the shareholders’ compensation by communicating to any entity that can help. I am trying to determine the best approach that will expedite the release of the funds to the shareholders. My messages are intended to knock on every door until the funds are released. The list so far, Senator Reed, Congressman Ackerman, Senator Shelby, Attorney Al Hodges, CEO Faulk, Chairman West, Attorney Frizzell, The DTCC, The SEC, Attorney Stoecklein, and President Obama. My appreciation to all for working on this official confirmation process. Thank you, BHollenegg Read more: camrhon.proboards.com/index.cgi?board=safe&action=display&thread=5270#ixzz1VXVit2mr
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Post by alrich on Aug 20, 2011 23:03:24 GMT -5
Financial Holding Inc. the Scapegoat? « Thread Started on Today at 7:52pm » biz.yahoo.com/prnews/051004/nytu154.html?.v=30 The news of the bankruptcy of Crown Financial Holding Inc., (and the action of it’s wholly- owned subsidiary Crown Financial Group, Inc. September 30,) in my opinion could go along way in explaining just how a settlement could be reached between CMKX, Brokers, Market Makers, SEC and the DTC. It has always concerned me as to how the brokers, MM’s, SEC and DTC could come to settlement terms with CMKX’s reported very large naked short position without loosing face and credibility as pillars of the financial system in the United States. Talk of a public settlement has never been a realistic option imo because of all the different entities involved and a public announcement would undoubtedly cause other companies to follow suit and that would be major problems for all. In my opinion it is no coincidence that John Edwards (who reportedly held controlling interest in Crown) is closely associated with both CMKX and Crown Financial Holding who through its subsidiary Crown Financial Group was a major Market Maker in CMKX for a very long time. Those who watched Level II for the biggest part of 2004 always saw Jefferies, Knight or Crown as the most active market makers at a time when billions of shares were being traded on a daily basis. When the CMKX naked short problem became unsolvable because of the issuance of dividends by the company it caused the SEC, DTCC and CMKX to negotiate a plan that would satisfy all parties involved. The high volume numbers we witnessed during the latter part of 2004 could have been all of the naked short market makers rolling all of their CMKX naked short shares into one Market Maker (Crown Financial Group) for the purpose of clearing their books. This plan would then lead to the eventual bankruptcy and collapse of Crown and the SEC and DTCC could then step in and settle all outstanding NSS of this single entity without causing a major disruption in the markets. My observations along with the Edwards, Crown, CMKX connections lead me to believe that the Crown Group was used as scapegoat for all of those brokers and market makers who suddenly found themselves in an irreversible NSS positions. This plan would allow the MM’s and brokers who were a part of the CMKX NSS problem to quietly pay their share of the debt (predetermined settlement) to the DTC without publicly getting their collective hands dirty. The DTC would then in turn pay company shareholders as a part of the insurance it offers as insurers of an orderly market place. The plan would also allow the SEC to take action against CMKX for the purpose of slowing share volume to a crawl until the company and SEC and DTC could work out the above mentioned deals with various brokers and Market Makers. During this same period of time the MM’s would be working out deals with Hedge funds and other short sellers. The DTC and SEC could stay out of the spotlight as to their involvement as it would come down to a small market maker (Crown Financial Group) who is now bankrupt as being the major perpetuator of the problem. It would not surprise me if the shareholders of Crown end up with some type of compensation when all is said and done. This theory might explain the seemly strange occurrences in the SEC hearing which include Mr. Cassavant pleading the 5th, the failure to call certain key witnesses who could have shed light on financial records and the company’s lack of interest in bringing forth evidence concerning naked short sales. It could also explain why other key players weren’t served subpoenas and forced to testify at the hearing. Further, it might explain as to the reasons why the SEC commission decided to review the judges ruling to revoke as all evidence points to the SEC case as being solid (on the outside at least). It also would explain the company’s silence from the suspension to the present and the “event” that would have to occur to get us to the end game. All of course my opinions wamcmkx 1millionaire.proboards60.com/index.cgi?board=general&action=display&thread=1128642721
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jimmyd
Bonafied Millionaire
Posts: 25
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Post by jimmyd on Aug 21, 2011 15:02:40 GMT -5
You geniuses do realize that John Edwards... yes the same... owned at least 10% of Crown Financial and quite abit more of a percentage through other corporations and entities he held? www.secinfo.com/d11MXs.zvDx.htm#TopSo there goes this theory...<<flush>>
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Post by siriusnews on Aug 21, 2011 15:11:30 GMT -5
The Highest Authority audio tape.
See the attachment to listen to the Oct 19th, 2010 audio. 100th Power
Jacbert "I wrote that down after talking to the person I got it from " come August 24th, 2011 will he reveal who this guy is??? Jacbert got this call as discussed in this Audio Also will he reveal this so called Highest Authority
Its been almost a year, I would hope he ( Jacbert ) will at least now come out with who he talked to on the phone and who this guy said was the Highest Authority. " It is Time "
Richard SiriusNews
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Post by siriusnews on Aug 21, 2011 15:46:25 GMT -5
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Post by alrich on Aug 21, 2011 18:59:43 GMT -5
soonerlew sandi66 Global Moderator Executive~Editor & Mining D.D. Specialist MP3 of Salty 1/16/09 with others « Thread Started Today at 8:57pm » -------------------------------------------------------- www.zshare.net/audio/54293519e34d3768MP3 of Salty, mccurdydon, spudey and davidjmar ty suddenfortune camrhon.proboards102.com/index.cgi?board=safe&action=display&thread=5196 ~~~~~~~~~~~~~~~~~~ ~ Partial recap by seagull: ~ [The first 1/2 of the mp3 was mainly Salty talking... I switched from 'I' to 'he' ... either is usually Salty... Hope it is clearer now.] Salty said he has been sitting on this for a long time... It starts with a paper trail. He still doesn't know what is going on but he has made some contacts. Now he has started an email trail with Fenra and the SEC know about all of his purchases. Frizzell said we had trillions of NSS. Then he went over to the 4th floor level bank building in Tyler and witnessed all of the trading records, etc of all the bad guys and KW saying we have narrowed it down to 50Billion NSS.... with boxes and boxes of certs... KW saying we are not calling them NSS ...but failures to deliver... They know Salty saw the driver's license of John Edwards ...transfers of stock over to Thomasa Trust in FL They promised they would do something in the future. They promised to show all of his letters to Mary Shapiro and to email me of this effect... which they haven't done. He (Salty) loaned Keith Houser $15k twice and he is making payments as he is suppose to told him ...said Frizzell is helping him... Houser said "I cannot be more thankful ... but Bill Frizzell is helping me"... Salty asked KH about the Wells Fargo news deal... and he said absolutely yes.. hundreds and hundreds of certs were going through... illegal... We haven't heard anything from Frizzell about his golden seal medallion (Salty was getting jammed constantly... ) Houser says we get 1c to 2c per share later in the year (in the past)... so I (Salty) called my friend & he called & asked Frizzell ...He (BF) said that is not what he said... but we ARE getting a lot of money... ....(cutting out).... sealed document... guy named Jeff... WellsFargo... be responsible... (cutting out ) (Salty is having line problem at home... then goes dead... ) Salty said: I called Sarge and my phone was jammed... I have never had my phone jammed. I will keep trying to talk now. Talking to people at the SEC.. they know about the stock I bought and why... and from that I bought at Nev. West Securities... A conversation with CEO of BDLF ...that worked across the hall from Nev. West... said he was approached by John Edwards, Shawn Ackman, & Gary Walters in order to do the same thing to BDLF that they did to CMKX I (Salty) told them about the BMCS I have bought ... asked Keith Houser about the float & he (KW) said that was correct... We are at the point of being just like Eagle Tech.. there are no shares left of BMCS Ameritrade gave him (Salty) the run around when he asked for his cert. I (Salty) got the name of the pres. of the bank who is testifying on behalf of BMCS and should be testifying on behalf of CMKX ... who allowed the girl who medallion sealed all the illegal certs that went through the bank... Bill Frizzell should be doing the same thing Keith Houser is with BMCS... hundreds of the certs came from CMKX How can he help Houser if he (BF) hasn't done it himself. I (Salty) called my friend in Texas who has given Frizzell a lot of money. He (friend) called Frizzell to varify the 1-2cents... Frizzell denied saying that... but said we would get a lot of money. He went back to Houser... and Houser again said Frizzell did say 1-2cents... Salty said he is tired of Frizzell telling one person one thing and another ...something else. Frizzell said we have 29 potash mines.......... ...told to watch API which is a potash company Chinese are all over the Falc In the past 2 weeks I (Salty) bought a million shares... there are 3 million in the float... with each sale ... the float inches down... ......... 50mil shares were put into the float by Helen Bagley (our TA at First Global) ........... Someone Salty knows someone who said cmkx was shorted into the ground... and Chairman Cox said not to regulate Not until he is in front of Congress will he (Salty) divulge the name of his friend who told him. Salty made a comment about UC playing David Jamar like a __?__ putting him at risk because he has a bad heart by contacting him saying things ... like we aren't going to get any money ... he (DJ) could die... Sandy said: UC called to check to see how David Jamar was doing. It was when David said something that UC flew off... ?? ~~~~~~~~~~~~~ Conversation within the room ...asked about the rumor that Frizzell may have been paid 2cents over a year ago... Frizzell does have the 1-2cents per share...but rumor has it he is going to offer us less than that ... just half a cent or 1/4 of a cent or something... and we have to give up our certs if we do that. We are hearing that Frizzell is pocketing the rest. Someone said they are out to screw the shareholders period. Expecting something in the mail maybe next week... not sure. Someone said there is no way that Tyler can steal the money that the DTCC has been holding for us for distribution. Spudy said the 2cent is with Frizzell... and the rest is with the DTCC. Spudy is saying he is hearing the big money is coming from the DTCC **************** I listened to parts of the last half of the mp3 .... primarily discussion about payout, Tyler, the function of Tyler as we have discussed before... to help non-shareholders and to keep the company alive (important) so we can be paid. ~seagull « Last Edit: Today at 1:37pm by seagull » tramp2.proboards88.com/index.cgi?board=general&action=display&thread=7432
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Post by alrich on Aug 21, 2011 19:01:29 GMT -5
CMKM Diamonds Inc. On Monday March 1, 2010, 4:43 pm EST.TYLER, Texas--(BUSINESS WIRE)--A “Motion for Leave to File Second Amended Complaint” was filed Friday 2-26-2010 to the CMKM Diamonds, Inc. petition in Case # A-538649 asking the Court to allow the Company to add Wells Fargo, Stacy Ewing, Securities Transfer Agents Medallion Program (STAMP), First Global Stock Transfer, LLC, and Helen Bagley as Doe and Roe Defendants. Wells Fargo was one of the depository institutions for John Edwards at the time Edwards was selling illegally obtained stock. Our investigation has revealed that an officer of Wells Fargo assisted Edwards in obtaining medallion guaranteed signature stamps on a large number of blank documents. These documents were then used as supporting documents given to our transfer agent to have stock issued and in some cases transferred to Edwards, or companies under his control. Edwards' illegal activities occurred at a time that our own transfer agent was receiving cash payments described as loans. Banking records indicate that Edwards also maintained investment accounts at Wells Fargo during this time period. STAMP is a program approved by the Securities Transfer Association that enables participating financial institutions to guarantee signatures. The Medallion programs ensure that the individual signing the certificate or stock power is in fact the registered owner as it appears on the stock certificate or stock power. The failure of Wells Fargo and STAMP to train and supervise those individuals that administer the medallion signature stamps made it possible for John Edwards and others to dilute the company and obtain several hundred billion illegally issued shares to be sold to the public. By comparing the average trading price on the day these illegally issued shares were transferred into the Edwards' accounts, shares so transferred and ultimately sold by Edwards totaled an estimated $57 million dollars. CMKM Diamonds Inc.Kevin West, 903-526-9937www.cmkmdiamondsinc.com If I remember correctly back in early January, BMCS went after Wells Fargo for the same thing and Saltydog said " Watch CMKX will piggy back on this lawsuit."
"Banking records indicate that Edwards also maintained investment accounts at Wells Fargo during this time period. STAMP is a program approved by the Securities Transfer Association that enables participating financial institutions to guarantee signatures. The Medallion programs ensure that the individual signing the certificate or stock power is in fact the registered owner as it appears on the stock certificate or stock power. The failure of Wells Fargo and STAMP to train and supervise those individuals that administer the medallion signature stamps made it possible for John Edwards and others to dilute the company and obtain several hundred billion illegally issued shares to be sold to the public."
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Post by alrich on Aug 23, 2011 0:23:05 GMT -5
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Post by siriusnews on Aug 23, 2011 0:27:52 GMT -5
yes, thought I was listening to a tape from August 2010 all the same ole same ole
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Post by alrich on Aug 31, 2011 0:28:19 GMT -5
I wonder if Robert Maheu really gave a d**n, about getting us paid.
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Post by alrich on Sept 2, 2011 22:25:56 GMT -5
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Post by siriusnews on Sept 2, 2011 22:30:17 GMT -5
nice job Al
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Post by alrich on Sept 3, 2011 13:02:34 GMT -5
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Post by siriusnews on Sept 3, 2011 13:30:34 GMT -5
Al what are the remaining allegations that is all over this document. I'm a bit confused....LOL
head is still spinning in many direction in regards to CMKX land
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Post by only2percent on Sept 3, 2011 13:41:15 GMT -5
"Page 10. . . . 27. The alleged stock certificates ... have post imprint changes, modifications, forgeries, and/or material alterations wich serve to absolve Wells Fargo of liability. "
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Post by siriusnews on Sept 3, 2011 14:16:09 GMT -5
only 2 percent Ty for the reply.
one of many responses, but yes #27 is very interesting, but still not buying it totally
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Post by alrich on Sept 9, 2011 0:06:02 GMT -5
OLDPRO, I gotta say,"As for the future, it should be noted that our Company faces many obstacles and difficult decisions. As stated above, I personally believe that we are in capable hands. The Company intends to release their unaudited 2010 financials in the coming months." I have heard that line before, means nothing. I won't be calling, it wouldn't do any good, enjoy your free shares; hope they are real. LOL.
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Post by alrich on Sept 21, 2011 12:29:01 GMT -5
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Post by siriusnews on Sept 21, 2011 12:39:14 GMT -5
Al good video. Cam sent to me months ago. like the music
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Post by alrich on Sept 21, 2011 13:10:18 GMT -5
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Post by alrich on Sept 22, 2011 12:37:37 GMT -5
Subject: File No. S7-08-08 From: al hoSeptember 18, 2008 MR. COX and SEC COMMISSIONERS : LET AMERICANS, FOR THAT MATTER, LET THE WHOLE WORLD FINANCIAL MARKETS KNOW WHAT YOU STAND FOR I PLEAD WITH YOU , IN THE NAME OF JUSTICE, PLEASE PASS THE Naked Short Selling Anti-Fraud Rule WHICH INCLUDES Proposed Rule 10b-21. YOU BOUST ABOUT "ENFORCEMENT OF REGULATIONS AGAINST FRAUD ", WELL ? PROVE IT PLEASE.HERE IT IS September 18, 2008, AND YOU HAVE NOT UTTERED A WORD ABOUT ILLEGAL NAKED SHORTING OF PENNY STOCKS. HOW ABOUT IMMEDIATE PASSAGE AND ENFORCEMENT OF 34-57511 Mar. 17, 2008 "Naked" Short Selling Anti-Fraud Rule Corrected File No.: S7-08-08 MANY AMERICANS I KNOW,WHICH INCLUDES ME, WILL NEVER BUY A STOCK AGAIN UNTIL YOU DO YOUR JOB AND PASS THIS REGULATION me
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Post by alrich on Oct 1, 2011 18:45:16 GMT -5
Who's Paying??? « Thread Started on Dec 1, 2007, 10:12am » -------------------------------------------------------------------------------- Who’s Paying??? Who is paying for the lawsuits surrounding CMKM Diamonds Inc.? None of our business? How about “The Naked Truth”? Did TOGI tow the line? TOGI's Toe in the door, CMKX Attorney Bill Frizzell... TOGI’s Business encompasses Oil, Alternative Energy, Stock Market, DATA Technology, Medical Research, On-Line Gaming, and the CMKX Book “The Naked Truth” TOGI… The Owners Group Entertainment, Inc. TOGI's President…Mark Faulk TOGI's Directors…Bill Frizzell, Mark Faulk, John Martin, and George Stephenson. (Reference Source: TOGI Registration on Secretary of State Texas Website) direct.sos.state.tx.us/acct/acct-login.aspwww.manta.com/coms2/dnbcompany_6x80yyThe OIL.. . TOGI’s Prospective Strategic Alliances entity, which includes Petrosonics, a company that is developing technology for low-cost reduction of sulfur, nitrogen and trace materials in crude oil and other petroleum products. petrosonics.com/The Alternative Energy... TOGI’s Public Company Promotions entity has a contract with American Security Resource Corp., which is developing high efficiency hydrogen fuel cells that can be mass produced. http://www.americansecurityresources.com....sight%2 0v6.pdf The Stock Market… TOGI‘s Mandate. Director John Martin,"Ultimately The Owners Group's idea is to make a difference in the small cap marketplace by helping one company at a time," www.activreport.com/services.phpThe DATA Technology… TOGI's Strategic Alliances entity is working with Data Flow Technologies, which is promising a new way to send data at a much higher speed. Martin said scientists who built the technology have called it "evolutionary." www.manta.com/coms2/dnbcompany_g922jkThe Medical Research.. TOGI is involved with Prospective Strategic Alliances also includes StemSell, a startup company that aims to collect, analyze, process, register and store umbilical cord blood stem cells from donors. www.stemsell.net/The On-Line Gaming Business… TOGI is also involved with Diamond I Inc., which develops wireless gaming products. www.wificasino.net/The Article… www.zwire.com/site/news.cfm?newsi....id=226362&rfi=6Take care, BHollenegg Read more: camrhon.proboards.com/index.cgi?board=safe&action=display&thread=331#ixzz1ZZpOWF1a
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Post by alrich on Oct 1, 2011 19:20:20 GMT -5
A FAIL IS A FAIL IS A FAIL!!! by Mark Faulk I’m at a loss for words here. Reading today’s “DTCC Media Statement on Global Links ” is like standing in front of an all-you-can-eat buffet. There are so many things to choose from that it’s hard to know where to dig in first. I guess I’ll just go through the DTCC smorgasbord a paragraph at a time, and add my own “seasoning” to the mix. Ready? “NEW YORK--(BUSINESS WIRE)--Aug. 31, 2006--DTCC is looking into the facts surrounding transactions that were reported on in a recent media report regarding Global Links Corp. We have been unable to find information that corroborates many of the facts and statistics cited in this story.” Man, this one is good. First of all, these guys really need to hire a writer, and by writer I mean someone who actually knows the meaning of the words that he or she releases in their media statements. As I’ve been nice enough to do so many times over the past few years, I’ll start by defining a couple of keys words in this paragraph. These definitions are pulled from dictionary.com: FACT: something that actually exists; reality; truth STATISTICS: the numerical facts or data themselves CORROBORATE: to support with evidence or authority Anyone else getting this? The DTCC admits that the information about Global Links is the truth, that it’s fact, and that, by definition, the statistics are fact as well. Then, they say that have been unable to find information to corroborate what is already defined as fact. EARTH TO DTCC: IF IT’S FACT, IT’S ALREAY BEEN CORROBORATED. And even if facts weren’t confirmed facts, and in some alternate universe needed to be corroborated every time they were passed off to the next entity, then how can the very organization in charge of keeping track of the facts and statistics not be able to “find information that corroborates” those facts and statistics? “The public record has established that during a three-year period beginning in April 2003, the company engaged in three reverse splits, a name change and one forward split. The 27 million share delivery failure referenced in the recent report occurred in conjunction with one of these 350-to-1 reverse splits. This type of activity is quite rare and unusual for mainstream securities. However, among sub-penny stocks, these activities may occur more often to try and artificially raise the stock’s price.” Okay, now that we’ve bashed the company again, let’s look a little closer at this paragraph. First of all, this part is lifted almost verbatim from the same argument that every two-bit lowlife basher on stock message boards (plus a few so-called “reputable journalists”) has perpetuated for years: “we think the company sucks, therefore allowing the brokers and whoever else can game the system to screw the shareholders is just fine and dandy.” Secondly, a reverse split (while not my favorite thing for a company to do) is perfectly legal according to the SEC’s own regulations, and does not “artificially raise” the stock’s price. It raises it mathematically in direct proportion to the number of existing shares. However, in the case of Global Links, the price wasn’t raised proportionately, so that shares that should have opened at around $7 a share (two cents x 350) instead opened at pre-reverse split prices, even though there were only 1,158,064 shares total in the entire stock market. Then, over the next month 208 million shares were traded, and the SEC showed 27 million as undelivered on the first day. The market was flooded with shares that didn’t exist, and the company, and its shareholders, were screwed twice, first by the brokers, and then by the DTCC and SEC. “The article suggested that during February 2005, when one of the reverse splits was initiated, the stock was trading at 10 cents pre-reverse split and Global Link’s aim was get the price up to $35. According to Bloomberg, the price for Global Links during the two weeks prior to the reverse split ranged from $0.0364 (3.6 cents) to $0.01458 (1.5 cents).” This one is grasping at straws, a blatant effort to trash the only mainstream newspaper reporter with enough courage to speak out about rampant stock market corruption, for a mathematical error that had nothing to do with the real issue, and that the writer of the article corrected within one hour of releasing her piece (unlike the numerous errors in the DTCC article, which are still glaringly present). “Whatever the actual cause of the delivery failure, the total value of the 27 million in failed trades described in the media report was less than $38,000, which hardly constitutes the threat to the capital markets that the article implied.” Okay everyone, this is the good one. Remember, this is the DTCC, who in the prior paragraph was so quick to point out minor errors from the Bloomberg article, and whose job it is to keep track of the $266.5 billion worth of trading that occurs in the stock market every day. The obvious flaw in their data is that the share price was never changed in the system after the reverse split, and that the shares should have been adjusted to the after-split price of around $7. By the way, the stock did open at $.10 on February 1, 2005, the first day of trading after the reverse split, but then it dropped like a rock from there. But here’s the most stunning part of the DTCC article: If we accept their voodoo economics and pretend like the only loss for shareholders was the actual money spent on the stock (and not what it should have traded at), then the DTCC’s assertion that the loss incurred by the failing to deliver 27 million shares of Global Links stock was “less than $38,000” sounds pretty good. Except for one thing. Even if the stock was beaten down so low when the brokers flooded the market with counterfeit shares that it only sold at the average pre-split price of two and a half cents, than the total loss would have been $675,000, not the paltry $38,000 that the DTCC claimed was lost. I have no idea where they got their figures from, but it appears that they missed in their own basic math calculations by a factor of 18. Now, imagine for a moment that their math on the overall market problem is as bad as their simple multiplication in this case. Last week I wrote an article about the SEC’s involvement in this fiasco and the subsequent cover-up called “Once a Liar, Always a LiarI could just as easily have included the DTCC in that statement. If in fact they claim that the direct loss in the Global Links case was only $38,000, but their basic third grade math skills were so bad that the number should have been 18 times higher, then what about their claims that overall fails were “only” $6 billion as of December 31, 2005? Does that mean that the real number could be higher as well, say…18 times higher? That would put the total dollar amount of stock that was paid for but not delivered at $108 billion dollars, or almost a third of the total amount of shares bought and sold each day. Ludicrous? Possibly, but as in the case of the SEC, we’ve already established that the DTCC lied about the Global Links numbers, so why wouldn’t they lie about everything else as well? I called three different phone numbers listed as media links for the DTCC in an effort to get some type of response from them, but apparently, unlike most Americans who have to work all week to make up for the money that’s been stolen from them in the stock market, they all left for vacation on Wednesday. And now, the DTCC’s last paragraph, the swan song, the final elbow: DTCC is currently working to determine more of the day-by-day details associated with this corporate action. The available information at this point seems to confirm what Global Links itself stated, this was "a simple error" - likely the result of information about the reverse split not having reached the marketplace- and did not involve naked short selling. “A simple error?” In a quote today by Global Links CEO Frank Dobrucki, he said that “Global Links Corp. has never stated that this was a ‘simple error.’ Global Links Corp. states without hesitation, that their is corruption in the market and that naked short selling is a practiced poison that is crippling the stock market. Global Links Corp. is without doubt a victim of extremely aggressive naked short selling.” Global Links COO Pat Donahoo put it more succinctly, “We never made that statement. It is a total fabrication.” Dobrucki also refuted the figures that the DTCC released about the total value of the 27 million in failed trades being less than $38,000, saying that, according to the DTCC’s own numbers, post reverse split prices would have given the 27 million shares a value of at least almost $140 million. He went on to say that “Your number of $38,000.00 would use a stock price of $0.00014 as a post reverse number. This is completely impossible. Better luck trying to explain this away as just a ‘simple error.’” Donahoo disputed the DTCC’s claim that it was a simple error. “If it was an error to begin with, then it has become a huge error, a massive error over time. The DTCC has never contacted us in an effort to resolve any problems regarding the trading of the company’s stock. It appears that in eighteen months, they would have had ample time to resolve any issues or errors; instead, we first went on the Reg SHO List 569 days ago, and are still on it to this day.” “…did not involve naked short selling?” This is the most egregious sleight of hand of all, the misdirection that Wall Street, the SEC, and the DTCC hopes will make this whole ugly mess disappear. By collectively agreeing on a ridiculously narrow definition of “naked short selling,” the industry and various regulatory agencies have begun to deny that naked short selling is a pervasive problem, while turning a blind eye to the larger problem of stock market fraud in general, and failed deliveries of stock in particular. In the case of Global Links, 27 millions counterfeit shares were sold, but (and here’s the catch) not by short sellers, by the brokers themselves. In this case, as in many cases, the brokers are the naked short sellers, but the SEC doesn’t recognize them as such. That’s why the OTC short selling list shows only 6,800 shares short for Global Links, but the SEC records show almost 6 million fails. It’s a trick! The long fails are still counterfeit shares sold to an unsuspecting public, and never delivered by the brokers. For the last time: A FAIL IS A FAIL IS A FAIL!!! It doesn’t matter what kind of hocus pocus the SEC or the DTCC uses to try to shift it into another category, selling stock that doesn’t exist is still counterfeiting. It’s still fraud, plain and simple, and ignoring it, covering it up, and then lying about it isn’t going to make it go away. Congress needs to step up and step up now, or the combined effect of all of these “simple errors,” of all this fraud, of all of these fails, will be the biggest fail of all, the failure of our entire American economy. And that’s the Faulking Truth. This article is also posted on Mark Faulk’s blog at The Sanity Check, along with an excellent comment section, at: www.thesanitycheck.com/Blogs/MarkFaulksBlog/tabid/86/Default.aspx Mark Faulk is the Editor of The Faulking Truth, and the author of the upcoming book entitled "The Naked Truth: Counterfeiting the American Dream," due out in September, 2006. For more information on the book and on the stock market scandal, go to www.faulkingtruth.com , and to pre-order your copy, go to www.theownersgroupinc.com/cart/
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Post by siriusnews on Oct 1, 2011 20:07:53 GMT -5
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Post by alrich on Oct 1, 2011 22:39:29 GMT -5
Blogfest 2005 - May 4, 2005 - Printable Version - Four Dead in Ohio by Mark Faulk It was thirty-five years ago today that the National Guard opened fire on students at Kent State University, killing four students....not protestors, but students who were over 250 feet away from the group that was protesting the war in Vietnam. I was 14 years old at the time, and after years of hope that things would "get better", and that our youth would be the catalyst for changing our world in a positive way, Robert Kennedy's and the Rev. Martin Luther King's assassination, the violent fiasco of the 1968 Democratic Convention, the tragedy of Vietnam, and finally.......Kent State, I, like many young Americans, felt disillusioned and betrayed. They were killing US! Not some unseen enemy in the far off jungles of Vietnam, not our young soldiers in uniform, but our college students, killed by our own military. It was unthinkable. I hung a makeshift homemade poster on my bedroom door, centered by the now-famous picture of Mary Vecchio crying in grief-stricken agony over the body of Jeffrey Miller, who lay dying in a pool of his own blood, which flowed like a crimson red stream across the parking lot in which he laid. Around the perimeter, I pasted pictures of the four students who were killed that day, Miller, Allison Krause, William Schroeder, and Sandy Scheuer, and wrote their names and the Crosby, Stills, Nash, and Young line "Four Dead in Ohio" in bold letters across the page. I also painted a poster of the silhouette of a dead body lying on the ground, with a target painted over it and the words "They Shoot Students, Don't They?" written across that. It was a fitting epitaph to the also handpainted massive poster that hung on my bedroom wall that read simply, "What if They Gave a War and Nobody Came?" Fifteen years later, on a trip to the National Football Hall of Fame in Canton, Ohio, I passed by the Kent State University campus, and was shocked to see the sleepy little college where one of our country's most tragic and unnecessary events took place. It could have been any small town campus in America, and I remember crying at the sight of the hill where the protesters stood, facing down the Ohio National Guardmen who would eventually kill four innocent students. It was a chilling moment, even fifteen years after the fact. Those events changed me forever, and even today, I am saddened by that tragic chapter in our country's history. Have we learned anything from those events, or did we simply forget the lessons with the passage of time? Only time will tell, but with the war in Iraq and the stealth attack on our citizens through the erosion of our freedoms and rights by those in power, it seems to me that the only thing that has been learned is how our own government can attack our citizens through more covert means, by backdooring legislation while we sleep. This time, they are taking away our liberty without firing a shot. Let's hope it doesn't take another assassination, another decade of demonstrations and riots, another twenty year long war....or another Kent State....before we wake up to the realization that our country is, once again, hurtling headlong into the abyss of chaos and uncertainty. And that, fellow patriots, is the Faulking Truth. "I don't care if you've never listened to anybody before in your life. I am begging you right now, if you don't disperse right now, they're going to move in. It will only be a slaughter. Please, listen to me. Jesus Christ, I don't want to be part of this. Listen to me," ~ Kent State Professor Glenn Frank, pleading with students to disperse after the fatal shootings on May 4, 1970. -------------------------------------------------------------------------------- Immediately after the Kent State Massacre on May 4, 1970, Neil Young composed the song "Ohio" after looking at photos appearing in Life magazine and then taking a walk in the woods. Crosby, Stills, Nash, and Young went to the studio and recorded the song which was released to radio stations shortly after the killings. Soon, the lyrics "Four dead in Ohio" became an anthem to a generation. In some parts of the country, the song was banned from playlists because of it's "anti-war" and "anti-Nixon" sentiments. "It's still hard to believe I had to write this song. It's ironic that I capitalized on the death of these American students. Probably the most important lesson ever learned at an American place of learning. David Crosby cried after this take." ~ Neil Young Ohio By Neil Young Tin soldiers and Nixon's comin'. We're finally on our own. This summer I hear the drummin'. Four dead in Ohio. Gotta get down to it. Soldiers are gunning us down. Should have been done long ago. What if you knew her and Found her dead on the ground? How can you run when you know? Na, na, na, na, na, na, na, na. Na, na, na, na, na, na, na, na. Na, na, na, na, na, na, na, na. Na, na, na, na, na, na, na, na. Gotta get down to it. Soldiers are cutting us down. Should have been done long ago. What if you knew her and Found her dead on the ground? How can you run when you know? Tin soldiers and Nixon's comin'. We're finally on our own. This summer I hear the drummin'. Four dead in Ohio. Four dead in Ohio. Four dead in Ohio. Four dead in Ohio. To learn more about the song "Ohio", and see photos from the Kent State Massacre, go to: www.thrasherswheat.org/fot/ohio.htm To see John Filo's famous picture of Mary Vecchio grieving over the body of Jeffrey Miller, go to: dirckhalstead.org/issue0005/filo.htm To learn more about the Kent State Massacre, go to: Kent State shootings remembered archives.cnn.com/2000/US/05/04/kent.state.revisit/
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Post by alrich on Oct 2, 2011 11:23:32 GMT -5
Brian Dvorak on Sept 30, 2011 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 65446 / September 30, 2011 ADMINISTRATIVE PROCEEDING File No. 3-14573 In the Matter of BRIAN DVORAK, Esq. Respondent. ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS AND IMPOSING TEMPORARY SUSPENSION PURSUANT TO RULE 102(e)(3)(i) OF THE COMMISSION’S RULES OF PRACTICE I. The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Rule 102(e)(3)(i)1 of the Commission’s Rules of Practice against Brian Dvorak (“Respondent” or “Dvorak”). 1 Rule 102(e)(3)(i) provides in relevant part that: The Commission, with due regard to the public interest and without preliminary hearing, may, by order, temporarily suspend from appearing or practicing before it any attorney . . . who has been by name: (A) ermanently enjoined by any court of competent jurisdiction, by reason of his or her misconduct in an action brought by the Commission, from violating . . . any provision of the Federal securities laws or of the rules and regulations thereunder; or (B) [f]ound by any court of competent jurisdiction in an action brought by the Commission to which he or she is a party . . . to have violated (unless the violation was found not to have been willful) . . . any provision of the Federal securities laws or of the rules and regulations thereunder.
II. The Commission finds that: A. RESPONDENT 1. Dvorak is an attorney licensed to practice in the State of Nevada. B. COURT CONCLUSIONS & INJUNCTION 2. On July 25, 2011, the U.S. District Court for the District of Nevada issued an order concluding that Dvorak violated Section 5 of the Securities Act of 1933 (“Section 5”). On August 1, 2011 the court entered final judgment against Dvorak, permanently enjoining him from future violations of Section 5; ordering him to disgorge $318,843 in ill-gotten gains, together with $90,795.31 in prejudgment interest, for a total of $409,638.11(sic); and permanently barring him “from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock.” Securities and Exchange Commission v. CMKM Diamonds, Inc., et al., Case Number 2:08-00437. 3. The court concluded that Dvorak and others engaged in the offer and sale of hundreds of billions of unregistered shares of CMKM stock in violation of Section 5. In writing “approximately 440 opinion letters to stock transfer agents justifying the issuance of unregistered CMKM stock by falsely claiming that the stocks were subject to a statutory exemption,” the court concluded Dvorak was “both a necessary participant and substantial factor in the sale of unrestricted CMKM stock in violation of Section 5.” The court further noted, “but for [his] participation with CMKM, there would not have been a sale of unregistered securities … [which is] not a de minimis act: Dvorak’s participation was a crucial and integral role in the overall scheme to sell unregistered securities.” III. Based upon the foregoing, the Commission finds that a court of competent jurisdiction has permanently enjoined Dvorak, an attorney, from violating the Federal securities laws within the meaning of Rule 102(e)(3)(i)(A) of the Commission’s Rules of Practice. The Commission also finds that a court of competent jurisdiction has found that Dvorak, an attorney, violated the Federal securities laws within the meaning of Rule 102(e)(3)(i)(B) of the Commission’s Rules of Practice. In view of these findings, the Commission deems it appropriate and in the public interest that Dvorak be temporarily suspended from appearing or practicing before the Commission. IT IS HEREBY ORDERED that Dvorak be, and hereby is, temporarily suspended from appearing or practicing before the Commission. This Order will be effective upon service on the Respondent.
IT IS FURTHER ORDERED that Dvorak may, within thirty days after service of this Order, file a petition with the Commission to lift the temporary suspension. If the Commission receives no petition within thirty days after service of the Order, the suspension will become permanent pursuant to Rule 102(e)(3)(ii). If a petition is received within thirty days after service of this Order, the Commission will, within thirty days after the filing of the petition, either lift the temporary suspension, or set the matter down for hearing at a time and place to be designated by the Commission, or both. If a hearing is ordered, following the hearing, the Commission may lift the suspension, censure the petitioner, or disqualify the petitioner from appearing or practicing before the Commission for a period of time, or permanently, pursuant to Rule 102(e)(3)(iii).
This Order shall be served upon Dvorak personally or by certified mail at his last known address. By the Commission. Elizabeth M. Murphy Secretary
Read more: qbidtalk.proboards.com/index.cgi?board=general&action=display&thread=8499#ixzz1ZdqmuxkA
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Post by alrich on Oct 2, 2011 13:04:18 GMT -5
Brian Dvorak- The shareholders have been presented with evidence that numerous opinion letters were written by Brian Dvorak which resulted in free trading shares of CMKX stock. The evidence suggests Mr. Dvorak incorrectly issued opinions which resulted in legends being removed or authorized free trading of shares when in fact, such shares should have been restricted and subject to certain holding periods. I have personally viewed some cancelled checks from PA Holdings, Inc. and CMKXtreme, Inc. signed by Urban Casavant payable to Brian Dvorak totaling over $72,000 during the months of June, July and August of 2004. A check with the Nevada Secretary of State records reveals PA Holdings, Inc. is a Nevada corporation with the President, Secretary and Treasurer as Brian Dvorak. You have reviewed many documents supporting the issuances of stock such as the board resolutions. I am assuming you have reviewed the opinion letters issued by Mr. Dvorak. The shareholders have not seen evidence that there has ever been a 100 for 1 forward split. It appears stock issuances referring to a 100 for 1 forward split were supported by Mr. Dvorak's opinion letters, yet stock was issued to only a select few. If there is a logical explanation for this issuance of stock, please advise. The shareholders request that you take legal action against Brian Dvorak for any occurrences of legal malpractice which have caused company stock to be freely traded in the market, when such should not have occurred.
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Post by alrich on Oct 2, 2011 20:46:39 GMT -5
By: gusjarvis 25 Sep 2011, 10:39 AM EDT Rating: Msg. 1038691 of 1039810 Jump to msg. # EVIDENCE ADDED TO THE COMPLAINT AGAINST LESLIE HAKALA I am adding further evidence to support my request for release of records in the CMKX case, as concealing those records is concealing crimes that were committed by SEC staff. Evidence entered to your Commission clearly show the SEC subpoeneaed the fraud records of insiders of CMKX, then not only allowed the fraud to continue, but okayed every fraudulent share sale by the known perpetrators. At the same time, the SEC was fully aware of the the massive sale of unregistered or counterfeit shares by several other brokers. The SEC allowed all those trades to continue for years and the money to be stolen, while they watched very closely per Bill Frizzell. It is clear that there needs to be an outside agency come in immediately to represent the victims in this case, one which was aided and abetted by the SEC. The SEC clealy is not unbias due to their direct participation in the fraud itself. I look forward to immediate action on behalf of all victims, and include this additional evidence to support my request for public release of hidden CMKX documentation and records. Specifically the phone records of NevWest Securities and the SEC, and phone records between Leslie Hakala and Roger Glenn. As well as all trading records and other records already requested. CMKM Diamonds, Inc. Files Motion to Add Wells Fargo in Lawsuit March 3, 2010 A “Motion for Leave to File Second Amended Complaint” was filed Friday 2-26-2010 to the CMKM Diamonds, Inc. petition in Case # A-538649 asking the Court to allow the Company to add Wells Fargo, Stacy Ewing, Securities Transfer Agents Medallion Program (STAMP), First Global Stock Transfer, LLC, and Helen Bagley as Doe and Roe Defendants. Wells Fargo was one of the depository institutions for John Edwards at the time Edwards was selling illegally obtained stock. Our investigation has revealed that an officer of Wells Fargo assisted Edwards in obtaining medallion guaranteed signature stamps on a large number of blank documents. These documents were then used as supporting documents given to our transfer agent to have stock issued and in some cases transferred to Edwards, or companies under his control. Edwards Illegal activities occurred at a time that our own transfer agent was receiving cash payments described as loans. Banking records indicate that Edwards also maintained investment accounts at Wells Fargo during this time period. STAMP is a program approved by the Securities Transfer Association that enables participating financial institutions to guarantee signatures. The Medallion programs ensure that the individual signing the certificate or stock power is in fact the registered owner as it appears on the stock certificate or stock power. The failure of Wells Fargo and STAMP to train and supervise those individuals that administer the medallion signature stamps made it possible for John Edwards and others to dilute the company and obtain several hundred billion illegally issued shares to be sold to the public. By comparing the average trading price on the day these illegally issued shares were transferred into the Edwards' accounts, shares so transferred and ultimately sold by Edwards totaled an estimated $57 million dollars. EVIDENCE THE SEC WAS FULLY AWARE OF THAT FRAUD MENTIONED ABOVE, AND NOT ONLY ALLOWED IT TO CONTINUE, BUT ACTUALLY OKAYED EACH SHARE SALE BY THE PERPETRATORS IN CMKX. HOW DID THE INSIDERS OF CMKX EVEN HAVE SEC CIVIL ACTIONS AGAINST THEM WHEN THE SEC OKAYED THEIR SHARE SALES. From: < Subject: Evidence: Dave indicated there are phone records.. To: whitem@sec.gov Cc: coxc@sec.gov, kotzd@sec.gov Date: Monday, November 10, 2008, 7:58 PM Preponderance of the evidence? Phone records would be a problem IMO. JF. Here is an earlier cmkm discussion (May 08 on Norris's blog) The threaded discussion includes Floyd adressing D.P. by name. norris.blogs.nytimes.com/2008/04/....%20patch&st=cse From Dave: With regards to CMKX, the SEC was fully aware of John Edwards laundering money (unloading unregistered shares) through various accounts at NevWest YEARS before the SEC took action. The evidence is in the phone records of NevWest who contacted the SEC each time Edwards came in with a cert to sell through a different account. Instead of taking action they told NevWest to sell the stock effectively aiding in the fraud of Edwards. Today they fault NevWest for doing so taking no responsibility themselves. Regarding USXP, Altomare had failed to respond to the SEC’s request for proof for years as well. He only unloaded the majority of shares here at the end. Had the SEC taken control on the initial failures to respond these last bit of injured investors would have been saved. Personally, I didn’t lose any money in either stock so despite your claims, I was not scammed. I did take responsibility. My concern has been global on this issue, being just as concerned about the scam artists that use this issue to con people, as I have been about any individual issue. I have been very vocal in this area. I am also concerned at the speed in which the SEC responds to allegations of fraud. Clearly history has proven that the SEC sits on acts of fraud collecting the evidence far too long which is why most major cases of fraud are initiated by others (State regulators). In the case of USXP and CMKX the SEC is responsible for the victims of billions of unregistered shares sold into this market because they knew it was happening and did nothing. Those are the facts whether you like to hear them or not. — Dave QUOTES FROM MARK FAULK CEO OF CMKM DIAMONDS: “From late 2003 until the company was revoked in late 2005, criminals in control of CMKM Diamonds, Inc. sold over 703 billion shares of stock to unsuspecting shareholders in the largest penny stock fraud in history. It was the most shares ever sold in a single company. Corporate insiders were aided and abetted in their crimes by high-powered attorneys, accountants, transfer agents, major banking institutions, brokerage houses, and clearing firms. It occurred right under the noses of the SEC and NASD (now FINRA), both agencies ignoring dozens of blatant warning signs, allowing the scam to go on far longer than it should have.” “ Documents clearly show that a SEC investigation into CMKX was well underway as early as May of 2004, while the fraud was still underway, and before hundreds of billions of shares were sold to investors. While the Saskatchewan Financial Services Commission first halted Canadian trading in the company on October 26, 2004, CMKX continued to trade in the U.S. for another full year. Incredibly, some individuals involved in the scam continued to fraudulently sell stock for years after the company’s stock was revoked.” “ex-SEC attorney D. Roger Glenn (who wrote opinion letters allowing over 300 billion shares of stock to be dumped into the market)” AND THE MOST DAMAGING QUOTE REGARDING THE SEC’S COMPLICITY IN THE CRIME: “A single brokerage firm, NevWest Securities, utilizing clearing firm Computer Clearing Services (now owned by Penson Worldwide, Inc.) helped John Edwards trade over 250 billion shares of CMKX stock totaling over $53 million. Almost two years after the fact, the NASD (now FINRA) charged NevWest with “failing to file Suspicious Activity Reports (‘SAR’), or cease trading in multiple accounts owned and controlled” by Edwards. In what has become the norm in securities fraud cases, NevWest received little more than a slap on the wrist for their part in the scam, eventually paying a token fine of just $100,000 “without admitting or denying the allegations of the Complaint”. “More troubling still are the phone records from NevWest, which show that they contacted the SEC each time Edwards came in with CMKX certificates to sell, many of which were clearly forged and fraudulent, some even “signed” by an individual who had been deceased for months. Instead of taking action to halt the obvious fraud against innocent shareholders, the SEC and NASD (FINRA) ignored the evidence and dozens of other red flags, allowing the scheme to continue unabated, costing unsuspecting buyers of CMKX stock hundreds of millions of dollars.” www.cmkmdiamondsinc.com/letter_index.html
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Post by alrich on Oct 4, 2011 10:27:59 GMT -5
Merrill Lynch Fined $1M for $1M Ponzi Scheme
By Tom Steinert-Threlkeld Merrill Lynch has been fined $1 million for supervisory failures that allowed a Texas broker to run a Ponzi scheme where 11 individuals were convinced to invest more than $1 million.
The Financial Industry Regulatory Authority, which levied the fine, said San Antonio broker Bruce Hammonds convinced 11 individuals to invest more than $1 million in a Ponzi scheme he ran as the B&J Partnership for more than 10 months.
Merrill Lynch supervisors approved Hammonds' request to open a business account for B&J and failed to supervise funds that customers deposited and Hammonds withdrew, the independent regulator of brokers said.
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Post by alrich on Oct 4, 2011 10:44:53 GMT -5
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