Floyd Schneider, a mortgage broker in New Jersey, who ran truthseeker.com, has tracked Heysek for 4 years. Heysek had promoted Ziasun (ZSUN) with Ray Dirks.
Tom Heysek follow-up information
junkfax.org
Floyd Schneider, a mortgage broker in New Jersey, who ran truthseeker.com, has tracked Heysek for 4 years. Heysek had promoted Ziasun (ZSUN) with Ray Dirks.
A little diversion for a second and let's talk about Ray since Tom trained under Ray.
Ray Dirks aka Raymond L Dirks aka Raymond Louis Dirks (CRD Number: 601699) has worked for the following companies (you can see this at NASD BrokerCheck [File Contents]):
RAS Securities Corp (CEO of RAS is Robert A Schneider). Dirks reportedly worked there in the mid-90's but this doesn't show up at nasdr.com. But a Business Week, August 1, 1994 article says he would be leaving a few weeks after the article. In Business Week, July 11, 1994, it said: "Dirks may put his name on reports -- but it does not appear on the firm's corporate filings with the SEC. Schneider and Dirks acknowledge that, as head of Ray Dirks Research -- all of whose employees work at RAS -- Dirks functions as head of research at RAS. According to Dirks, 70 of the 90 RAS employees report to him at Ray Dirks Research, which, he says, generates 80% of RAS's revenues."
Director of Research at Security Capital Trading, Inc (3/98-1/00): 520 Madison Avenue, 10th floor, New York, New York 10022-4213, 212-339-2000. Ron Heineman is the actual owner of Security Capital Trading Inc and hired Dirks. His division was known as Ray Dirks Research, A Division of Security Capital Trading, Inc, email: info@raydirks.com
Dirks & Company, Inc. (2/00 - 8/02). Cited by NASD for rules violation on 12/10/03.
Sky Capital LLC (8/02 - 4/04) Brokerage Firm CRD Number: 114657 Office of Employment Address: 110 WALL STREET 8TH FLOOR NEW YORK, NY 10005) until 4/16/04 when he resigned
Brookstreet Securities Corporation (6/16/04 to present). 50 1/2 BARROW STREET NEW YORK, NY 10014, 212-604-0282
Interestingly, John R. Rooney (of Hornblower & Weeks) was also located at the same street address as Sky Capital (John Rooney's possible involvement in this is described above).
Heysek trained under Dirks at Security Capital Trading, Inc. He used the title "CIO, Investment Strategist" according to a letter dated 2/99 received by the Wall St. Journal. You were supposed to send your check to Heysek Holdings/Security Capital Trading.
Promoting FUSA, we have the byline:
Monday, November 08, 1999 2:33 PM EST
SECURITY CAPITAL TRADING, INC. UPDATES RECENT ANALYST REPORT AFTER FOTOBALL USA ISSUES THIRD QUARTER RESULTS
Contributing Analysts: Leo Murphy and Tom Heysek For a copy of the report, contact Raymond L. Dirks of Security Capital Trading, Inc., 520 Madison Avenue, 10th floor, New York, New York 10022-4213, 212-339-2000 or 888-305-0050, or fax, 212-339-2020.
SOURCE Security Capital Trading, Inc. (C) 1999 PR Newswire. All rights reserved
CONTACT: Raymond L. Dirks of Security Capital Trading, Inc.,
212-339-2000 or 888-305-0050, fax, 212-339-2020
There's a huge thread a Silicon Investor devoted to Ray Dirks: RAYMOND L. DIRKS INTERNET RESEARCH TRIBUNAL THREAD.
Here are some excerpts from an article in BusinessWeek, July 11, 1994 , p. 128 in the Finance section:
Championing Conseco, which brought him into conflict with short-sellers who doubted the stock's virtues, was Ray Dirks at his best: a smart, often courageous stock-picker. His views about Conseco and other stocks -- mostly of small companies -- are frequently aired in the financial press, including BUSINESS WEEK. But there is another side to Dirks that is apparently not so favorable. In recent weeks, more than a dozen analysts, traders, and brokers have parted company with Dirks's firm -- some voluntarily, some not. These former Dirks associates are raising troubling questions about the Dirks stock picks widely promoted in the media, in advertisements, and in research published by Dirks and his boutique, Ray Dirks Research. Some also question the trading practices of Dirks's employer, RAS Securities Corp., a Manhattan underwriter of new issues with a mainly institutional clientele. Ray Dirks Research is a division of RAS.
Speaking to BUSINESS WEEK on condition of anonymity, former employees have maintained that Dirks and Dirks Research aggressively pitch stocks in which he and RAS have substantial unpublicized positions. And unlike Conseco, not all of Dirks's stock picks have turned out to be enduring successes. Many have tumbled in recent months (chart) -- something RAS sources attribute to investor backlash once RAS's lofty predictions failed to materialize. Among the RAS initial public offerings to fall sharply are Clinicorp, Standish Care, Nationsmart, National Wireless Holdings, Greenwich Air Services, Penn America Group, and Dynagen. RAS sources say one RAS-underwritten biotech company that climbed until recently, OXiGENE, was misleadingly promoted by Dirks as a direct result of his ownership of the stock. That is vigorously denied by Dirks and RAS Chief Executive Officer Robert A. Schneider (the RAS in RAS Securities).
MERE VICTIMS.
The allegations go beyond aggressive stock-pitching. One former high RAS official says the brokerage routinely boosted prices by placing orders at the close of trading on the American Stock Exchange, thus inflating closing prices. Also, this former official says, RAS last year owned more than 10% of the outstanding shares of one of its underwritings, Standish Care Co., without disclosing to investors as required by Securities & Exchange Commission rules. Schneider denies RAS ever engaged in either practice.
Heysek was an assistant analyst for Dirks and they put a price target on Ziasun of 4 billion dollars. Note that Kos was also involved in ZSUN promotion. Heyesek also promoted stock frauds Great White MARINE & RECREATION, INC (JAWS), China World Trade and New Tel.
ZiaSun Technologies Inc., a little-known Internet holding company in California, sued Schneider and seven other Internet posters in federal court in 1999, saying they made false allegations as part of a conspiracy to drive down its stock price.
Both Ziasun and Bryant D. Cragun, who had been ZiaSun's CEO, sued Schneider. ZiaSun and Cragun won court orders in early 2000 that barred Schneider from making further "false or defamatory" statements and required him to retract some information he had put on the message boards and a personal Internet site.
Isn't it great how the bad guys use our legal system to silence the good guys?
Heysek was involved at JAWS:
Title: GREAT WHITE MARINE & RECREATION, INC. ANNOUNCES THE APPOINTMENT OF RAY DIRKS AS FINANCIAL ADVISOR
Summary: WACO, Texas, Jul 22, 1999 /PRNewswire via COMTEX/ -- Colin Smith, President and CEO of Great White Marine and Recreation, Inc. (OTC Bulletin Board: JAWS), is pleased to announce the appointment of Ray Dirks as Financial Advisor to the company. library.northernlight.com
Tom Heysek
Initiating Research Coverage: Strong Buy Great White Marine & Recreation (OTC BB: JAWS) March 18, 1999
Contact: Tom Heysek @ 212-339-2035
Recent Price: $2.25
52 Week High-Low: 4.50 - 0.71
Shares Outstg: 17.9 million (fully diluted) Insiders Own: 55%
Market Cap: $40.3 million Institutions Own: 21%
Net Income Book Market Cap To:
Sales Amt Mgn EPS* P/E Value* Sales BVPS
(mm) (mm) (PS)
1997 $14.3 $1.7 12% $0.29 8 x $0.33 3 x 7 x
1998 25.6 3.3 13% 0.26 9 x 0.51 2 x 4 x
1999 (e) 40.0 5.5 14% 0.30 8 x 0.82 1 x 3 x
2000 (e) 60.0 9.0 15% 0.50 5 x 1.32
So then I find this post by Meatloaf originally on Raging Bull, but re-posted on Silicon Investor: StockTalk Investment Chat Board Lawsuits (#429-6339):
Now onto your message. Sometime in March of last year, the meatloaf crowd was quite keen on JAWS. Bought alot of stock around $2. The bloody company emerged as some sort of cult...never saw anything like it, except at a "Trekkie" convention my third wife lampooned me into.
Then, one day, I decided to "drop" in in JAWS headquraters in Waco, Texas. That day was July 23, 1999...a Thursday as I recall.
The Chairman of JAWS wasn't in, however, his son was. I attended that meeting with another independent analyst. After the requisite 45 minits of Texas horse-feathers, I asked this kid to see a copy of the company's last bank statement (JAWS was supposed to have $6 mil in da' bank at the time).
One hour goes by (calling his Dad, I suspect). He says here's the March Statement...but nothing more current. We ask for April or May...nothing. Basically, we conclude, the Company is broke.
That's when the stock was at $2.50. Anybody that was part of that cult bailed out...and why in the world you would still be owning that stock at 10 cents is a mystery.
Now there is some belief that meatloaf is an AKA for Heysek:
StockTalk Auric Goldfinger's Short List (#13256-13493)
StockTalk Anthony @ Equity Investigations, Dear Anthony, (#84737-87346)
StockTalk Investment Chat Board Lawsuits (#3028-6350)
So why would Heysek as Meatloaf deflate his own stock you ask? Simple....once you are done promoting the crap out of it and selling all your shares, what you do is then borrow shares and short the stock. Then you issue either another phoney story (or a true one, who knows) to deflate the shares. After the stock drops, you cover your short.
Therefore, you could make money both promoting the stock (as Heysek) and then deflating the same stock (as Meatloaf)! Pretty cool, isn't it?
So when you go to the NASDR site and try to lookup Tom's records, nothing comes up. That's because they only let the public access records for 2 years. There are two ways to get his CRD file: (1) ask someone who has it or (2) subpoena the information from the NASDR (see NASD - Regulation - BrokerCheck Hotline for more info).
Attorney Walter Oney posted on the Junk fax mailing list on Jul 2, 2004:
Tom Heysek called me concerning my demand letter. He was essentially incoherent, but managed to make a few, not very illuminating statements. He says is a free-lance writer who charges $250 per hour (and he wanted to charge for talking to me!). He says he has no connection with winningstockpicks but would not point-blank say whether he knew how his name and picture came to be plastered all over the web site. He claims that any writing he did for winningstockpicks was done for the New York law firm of Milbank Tweed. Since I didn't know who that was, he decided that I must be a fake attorney and hung up.
He apparently lied about doing writing for Milbank, Tweed, Hadley & McCloy LLP 1 Chase Manhattan Plaza New York, New York 10005-1413 (New York Co.) Telephone: 212-530-5000. Fax: 212-530-5219. The partner who handled Thomas M Heysek is no longer at the law firm. Nobody there remembers him, but he was client # 27625-00000.
Therefore, Oney couldn't have made up that phone conversation with Heysek since there is no possible way for Oney to have known that Heysek was a former client of Milbank Tweed.
Howell Woltz follow-up information
Woltz turns up again in another investment fraud scheme. See CFTC v. Equity, et al. Equity Information Page where he tries (unsuccessfully) to unfreeze his assets. See also Sterling Group and investment fraud.
More information on web sites set up by Richard Rutkowski
I'm actually surprised nobody has figured out all the websites owned by Richard Rutkowski/Jeremy Jaynes and posted them to the web. So I'm exposing them here for the first time on 8/18/04.
Here are just a few of the ones I ran across while doing my research.
The following websites all seem to be promoting CNDD right now (8/18/04) as "The $tock Insider":
www.Bufetparty.com
www.Dinnerpub.com
www.Dnswar.com
www.Illlilli.com
www.Lunchhotel.com
www.Lunchparty.com
www.Manchoor.com
www.Meetinguse.com
www.Nprouls.com
www.Pspons.com
www.Publicsup.com
www.Supspread.com
www.Tandoorpub.com
www.Toniclyric.com
www.Viewt.com
Coincidentally, they are all registered to:
Registrant:
IBT Telecoms LTD
1811 NW 51st suite 2508
Ft Lauderdale, FL 33309
US
425-952-0630
Fax:425-952-0630
admin@ibttelecoms.com
which is the same spammer as webmailspace.com (also used to promote stocks) which uses an address of:
IST Consultants LTD.
7226 W. Colonial Dr #273
Orlando, Florida 32818
Phone: +1.3212340265
Fax: +1.3212340265
Both of these "companies", as well as Red Rock Hosting and other entities, belong to Richard Rutkowski who works for Jeremy Jaynes which totally explains the tie with our Kos-Heysek stock promo team. So the spam component is Jaynes-Rutkowski's contribution (spam promo) as well as some other technical services Rutkowski provided to the Kos-Heysek part of the gang.
But Rutkowski doesn't always use the same information when registering sites.
For example, all of the following domains were registered by Richard Rutkowski and can be traced back to him, but only an expert would be able to tell this since it is not obvious (the whois records are all different (he's not THAT stupid)):
www.4youfromus.com
www.Abovethewater.com
www.Baileyhere.com
www.Biznewz.net
www.Bluecalamitymedia.com
www.Calculatedsigns.com
www.Cherrypickedofferz.com
www.Connectingtoyou.net
www.Driveron.com
www.Easternlywind.com
www.Ebargainoffers.com
www.Edgecombmedia.com
www.Especialdeals.net
www.Estockpicker.com
www.Etalulie1.com
www.Extremeupdates.com
www.Flyhighoffer.com
www.Freeemailcenter.com
www.Garrisonlists.com
www.Goaboutexcellence.com
www.Iceblocker.com
www.Ivaluepack.com
www.Keystoneprinciples.com
www.Luck-emails.com
www.Microcap-research.com
www.Moneyholdem.com
www.Nightlightmagic.com
www.Octoberreservoir.com
www.Offernotify.com
www.Partypromo.com
www.Plesn.com
www.Realmailsavings.com
www.Shootingstaroffer.com
www.Swepta.com
www.Thewebservicecompany.com
www.Wideopendream.com
www.Wishfulwing.com
www.Zunitoe.com
as well as:
www.greatermarketing.com
www.techzensend.com
These are all domains set up by Richard Rutkowski for spam.
IMPORTANT: If you are a victim of these folks, please join this Yahoo group and wait for an announcement
Yahoo! Groups cnddStockFraud |
