Here a fraud, there a fraud, everywhere COII is there seems to be a fraud<p>
From COII filing: <p><br>
In connection with our private placement, we reached an understanding with Plaintiff and other individuals to assist in the placement of our common stock and warrants. The Plaintiff, in concert with two other individuals (the "Participants"), successfully raised approximately $10.7 million in the placement. By letter dated February 10, 2000, the Plaintiff informed us that Plaintiff and Participants had reached an agreement to equally share commissions attributable to the $10.7 million. Subsequently, we were notified that, during the time that Plaintiff was engaged to provide services to us, Plaintiff was an employee and/or agent of Financial Services Group, an investment company doing business in Kuwait. Notwithstanding, the Plaintiff claims entitlement to 100 percent of the commissions attributable to the $10.7 million. We are awaiting a resolution of the issues between Plaintiff and Financial Services Group. <p><br>
Now from Nevada corporate records: <p><br>
Dean Heller <br><br>
Nevada Secretary of State <br><br>
Corporate Information <p><br>
Name: FINANCIAL SERVICES GROUP, A LIMITED LIABILITY COMPANY <p><br>
Type: Limited Liability Company File Number: LLC17408-1993 State: NEVADA Incorporated On: December 29, 1993 <br><br>
Status: Dissolved Corp Type: Limited Liability Company <br><br>
Resident Agent: DARREN J. WELSH (Accepted) <br><br>
Address: 3790 S. PARADISE RD. <br><br>
SUITE 200 <br><br>
LAS VEGAS NV 89109 <br><br>
Manager or Member: AMERICANA FINANCIAL GROUP <br><br>
Address: 3790 S. PARADISE RD. <br><br>
SUITE 200 <br><br>
LAS VEGAS NV 89109 <br><br>
Manager or Member: GREGORY C. JOHNSON <br><br>
Address: 3790 S. PARADISE RD. <br><br>
SUITE 200 <br><br>
LAS VEGAS NV 89109 <p><br>
Name: AMERICANA FINANCIAL GROUP, A LIMITED LIABILITY COMPANY <p><br>
Type: Limited Liability Company File Number: LLC16570-1993 State: NEVADA Incorporated On: December 16, 1993 <br><br>
Status: Revoked Corp Type: Limited Liability Company <br><br>
Resident Agent: DARREN J. WELSH (Resigned) <br><br>
Address: 3790 S. PARADISE RD. <br><br>
SUITE 200 <br><br>
LAS VEGAS NV 89109 <br><br>
Manager or Member: GREGORY C. JOHNSON <br><br>
Address: 3230 E. FLAMINGO RD. <br><br>
SUITE 184 <br><br>
LAS VEGAS NV 8912 <p><br>
And then from the SEC <p><br>
SECURITIES AND EXCHANGE COMMISSION <br><br>
Litigation Release No. 16147 / May 14, 1999 <br><br>
S.E.C. v. Anthony J. Marino et al., Civil Action No. 2:99CV <br><br>
0258G (USDC UT). <br><br>
On April 20, 1999, the Commission filed a complaint in <br><br>
the U.S. District Court, District of Utah, against Anthony <br><br>
J. Marino, Gregory C. Johnson, Richard Ames Higgins, Mousa <br><br>
International, AJM Global, and Consortio Intranacional for <br><br>
the fraudulent sale of at least $15 million in investment <br><br>
contract securities to at least 80 investors from all areas <br><br>
of the United States and several foreign countries. The <br><br>
complaint alleges that beginning in 1997, Marino, Johnson, <br><br>
and Higgins used Mousa International, AJM Global, and <br><br>
Consortio Intranacional to raise over $15 million from the <br><br>
sale of interests in “investment enhancement programs„ in <br><br>
which investors’ funds were to be pooled and invested in <br><br>
“prime bank instruments„ through a “prime bank„ or a “major <br><br>
world bank in Europe.„ Investors were promised returns of <br><br>
as high as 800 percent per year and were told that their <br><br>
investments in these discounted bank instruments were risk- <br><br>
free in that Lloyds of London would issue an insurance <br><br>
policy on the programs. <br><br>
The complaint alleges that the defendants violated <br><br>
Sections 5(a), 5(c), and 17(a) of the Securities Act of <br><br>
1933, and Section 10(b) of the Securities Exchange Act of <br><br>
1934 and Rule 10b-5 thereunder, and seeks preliminary and <br><br>
permanent injunctions, an asset freeze, civil penalties, <br><br>
accountings, and disgorgement. A temporary restraining <br><br>
order and asset freeze was entered on April 20, 1999, by the <br><br>
Honorable J. Thomas Greene, United States District Judge. <br><br>
On April 29, 1999, Judge Greene entered a preliminary <br><br>
injunction and continued the asset freeze against all the <br><br>
defendants but Higgins, for whom the TRO and asset freeze <br><br>
was extended to May 10, 1999. |
