Jeff,
As your prior post indicated, Chalem was indeed likely to be the guy calling the shots. We've already seen examples of his business dealings and associates on the east coast. Now let's see how his influence and associations traversed the North American continent to the west coast.
Terry Marsh was one name you had mentioned. Be careful when researching on his name because there are many Terry Marshes to be easily found on the Internet. We are concerned only with Terry G. Marsh.
The first mention I found of him is here:
amcity.com
Scorpion gets stung
A federal grand jury in San Francisco has indicted nine former executives of Scorpion Technologies on charges of securities fraud.
Scorpion, which was based Los Gatos, is out of business.
The indictments center on a three-year investigation concerning charges that Scorpion executives inflated company revenues and assets with false transactions to mislead investors in 1991 and 1992.
Individuals included in the indictment included former Scorpion president Terry Marsh; James T. Marsh, a vice president; company controller Eric Brown; and Steven Kolb, a company employee.
The Puget Sound Business Journal contributed to this report.
Note that in the last line the article makes reference to Puget Sound. Might Terry have connections to the state of Washington? I'm not certain that this next reference from June of '98 is the same Terry Marsh, but...
heraldnet.com
Among those who want to see growth on Cavalero Hill is resident Terry Marsh. He is working with Venture Pacific Partners of Bellevue to plan a bank, gas station, apartments and possibly a Fred Meyer-type store on the southeast corner of Hewitt Avenue and Cavalero Road.
The SEC is familiar with Terry as well...
sec.gov
Terry was the head honcho at Scorpion Technologies. Our good friends at Westergaard knew of Scorpian Technologies:
westergaard.com:8080/MGI/SNAP/79435-CS.htm
But strangely Westergaard has an address different from the Los Gatos reference above:
Scorpion Technologies Inc
4931 Birch Street
Newport, CA 92660
(714) 476-1071
The folks on SI had heard of Scorpion:
#reply-1146016
#reply-1399407
And the above referenced folks from another company even gave a mention to Scorpion in their SEC filing...
sec.gov
On September 15 1992, SCAN-GRAPHICS, Inc. and Scorpion Technologies, Inc. reached an initial settlement agreement regarding a jury verdict in favor of SCAN-GRAPHICS, Inc. in August 1992. The agreement provided that Scorpion Technologies, Inc. was to pay SCAN-GRAPHICS, Inc. $2,000. As a result of the settlement, Scorpion paid the Company $1,430 through December 31, 1993, but defaulted in May 1993 on its obligation. As a result of Scorpion's default, in November 1993, the Company received the software product source codes and capitalized such for $695 which represented the remaining balance due from Scorpion. The value of the software was verified by an independent appraiser and was valued at $1,243. In March 1994, Scorpion turned over and the Company took possession of all Scorpion SGS8000 scanner technology which included all tangible and intangible assets
And, this lawfirm is evidently still involved in shareholder litigation against the firm...
lchb.com
Scorpion Technologies Class Action: Plaintiffs allege that Scorpion Technologies engaged in a scheme to sell unregistered securities, and that its accountants negligently or recklessly prepared false and misleading financial statements which concealed the fact that the company had no legitimate business or revenues. A $5.5 million settlement against certain defendants was approved in 1998, with litigation against other defendants ongoing
KJC |
