Inside a Pump & Dump Operation. Would you like to see the
inside of a pump and dump operation? Read a offshore
prospectus as the scammers prepare to unload their stocks
on hapless victims? You can. Someone sent me a fascinating
Bestway USA (Now Ziasun Technologies) offering Memorandum
(IPO) ) in July of 1997. Its full of information of people
running such a scam. Here is an actual prospectus showing a
offshore boiler rooms stock manipulation. How high can they
make it go? The Prospectus says it is a Initial Public
Offering of 2 million shares and are restricted and offered
at $5 even though the stock was trading in the open market
between $2 and $2.50. At the time of the prospectus there
were 10,000.000 shares already outstanding and the stock
was already trading in the US all the way back to 1996 when
it was Carlisle Enterprises.
Bryant D. Cragun 2/7/97 Oxford International Management,
Inc letter / BeSt Way, Inc 1997 Initial Public Offering /
Carlisle Enterprises Inc eff 4/21/97 N/C from Bestway eff
5/5.97 N/C to Ziasun Technologies eff 9/16/98
fortunecity.com
But now something is being done about this injustice:
New lawsuit filed against Cragun, Briggs, Tobin, Ziasun, et al
James A. Shalvoy SBN 129503
1201 Morningside Drive
Suite 215
Manhattan Beach, CA 90266
Tel 310-796-0447
Fax 310-796-0277
Attorney for Defendant
George Joakimidis
SUPERIOR COURT FOR THE STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
GEORGE JOAKIMIDIS ) Case No. 730826
) CROSS COMPLAINT OF GEORGE
Cross-Claimant ) JOAKIMIDIS FOR:
)
vs. ) 1. UNFAIR BUSINESS PRACTICES IN
BRYANT CRAGUN, LYNN BRIGGS, ) VIOLATION OF CORPORATIONS CODE
ANTHONY TOBIN, ZIASUN ) SECTION 17200, ET SEQ
TECHNOLOGIES, INC., TITAN ) 2. FRAUD
MOTORCYCLES OF AMERICA, INC., ) 3. BREACH OF CONTRACT
BEVEX INC., P.T. DOLOK PERMAI, dba ) 4. BREACH OF FIDUCIARY DUTY
INTERNATIONAL ASSET ) (FILED CONCURRENTLY WITH
MANAGEMENT, JONES, JENSEN & ) ANSWER)
ASSOCIATES, and DOES 1 through 100, )
inclusive ) Case assigned to Hon. Janis Sammartino
) Department 71
Cross-Defendants )
------------------------------------
etc.
Dated: April 25, 2000 |
