Re: Barry Abrams
We know from ORXX's aborted Form 10 that Barry Abrams got paid a whopping 8 million shares of ORXX stock for being a consultant [1]. I say "whopping" because the agreement was dated 3/1/99 and ORXX ran upwards of $7.50 shortly thereafter [2].
Abrams' address is listed as "P. O. Box 149,_ Huntingdon Valley, PA 19006". Huntingdon Valley is part of Montgomery County. In searching Raging Bull I see on the TELI thread that a Barry Abrams formerly of Montgomery County, PA was convicted of insurance fraud:
Fisher said Barry Abrams, 26, of Pompano Beach, Fla., pleaded guilty to insurance fraud before and was sentenced by Montgomery County Court of Common Pleas Judge William T. Nicholson. Abrams, who formally lived in Rydal and Gladwyne, Montgomery County, was charged by agents of the Attorney General's Insurance Fraud Section on December 9, 1996.
attorneygeneral.gov [3]
How do we know if this is the same Abrams? Well, it could be a coincidence, but in searching Florida corporate records a Barry Abrams of Deerfield Beach, FL is listed as President of Odin Technologies, Inc. [4] One director of Odin is Nancy Abrams of Rydal, PA. The Barry Abrams in the cited article is also formerly of Rydal. Huntingdon Valley and Rydal are only 3.2 miles apart. [5]
Barry Abrams' name comes up in one other SEC filing: on 6/19/98 in a PRE 14c for Guinness Telli-Phone Corp (TELI). Recall it was the TELI thread on Raging Bull where I found references to Abrams in the first place and links to Odin, so it appears once again to be the same Abrams.
7.01 Resignations: Immediately upon the Closing, N.Y. Floral Enterprises, Inc. shall hold a Special Meeting of its Board of Directors, at which time Lawrence A. Guinness and Dixie Tanner, who are the current officers directors of N.Y. Floral Enterprises, Inc. shall submit their respective resignations, and at which time Barry Abrams, and his slate of officers and directors shall be appointed in their places. [6]
Abrams' slate of officers for N.Y. Floral included Victor and Sal De Frisco, as President and Secretary respectively. Florida records for the company show Victor De Frisco as residing in Boynton Beach, FL [7]. On 1/29/98 the Orlando Sentinel Star reported that Victor De Frisco of Boynton Beach, FL was nabbed for his role in a Broward County gambling ring linked to organized crime [8]. On the same day, the Miami Herald went further to say that the bookmaking ring had "alleged ties to the Genovese crime family." [9] The Genovese crime family's inroads into the stock market are well documented in the 1996 Business Week articles entitled "The Mob On Wall Street" [Id].
Sure this all could be quite circumstantial. In other words, just because Abrams was linked in one instance to alleged members of organized crime doesn't mean he has anything himself to do with it, let alone Orex Corporation. However, IMO, it does beg further thought. For example, just who really profited from the dumping of those 8 million Orex shares? While we might never know for sure, one thing is certain, Orex shareholders obviously did not. And considering it appears that Orex was, shall we say, suspect in many other areas, it makes one wonder all that much more.
[1] For a copy of the consulting agreement see:
tenkwizard.com
[2] For a copy of ORXX's two year chart see:
bigcharts.com
[3] Originally taken from: ragingbull.altavista.com
[4] The Odin record may be viewed at:
ccfcorp.dos.state.fl.us
[5] For a map of the area see:
mapquest.com
[6] The filing may be viewed at:
tenkwizard.com
[7] To view the corporate record see:
ccfcorp.dos.state.fl.us
[8] To view the complete article see:
ragingbull.altavista.com
[9] To view an abstract of the article see:
ragingbull.altavista.com
- Jeff |
