The World must know!! Here's Glenn Vittor of Techigen fame & Alex Rivera former head of trading at Sovereign & now head of trading at GNLN & chief manipulator of MTXX, THE GNLN House stock.
scan.cch.com
Also Mr Thomas Hand who was also in "the mob on Wall Street Story" by Gary Weiss
Soon to be a Movie
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SMALL TALK? Gurian denies having any role at Sovereign or Falcon, but says that he is often at Sovereign because of his close friendship with its former president, Glen T. Vittor. (The December, 1994, letter was sent to him at Sovereign, Gurian says, because of his frequent visits to the firm.) Sovereign Compliance Director Thomas W. Hands denies that Abramo, Quinn, or Gurian have any role at the firms. Gurian readily admits that he had frequent phone contact with Quinn in 1995, but says that he discussed a variety of innocuous things. ''We talked about hockey,'' says Gurian. He says that he knows Abramo, but only as a ''stock promoter.'' Gurian denies any business dealings with Quinn or Abramo.
Although only in his mid-thirties, Gurian has long been enmeshed in the world of ''chop houses''--dealers in penny stocks such as Blinder, Robinson & Co., where he worked in the early 1980s.
In 1991, Gurian's registration was revoked by the National Association of Securities Dealers for nonpayment of fines imposed in disciplinary proceedings. But apparently, it didn't spark a career change for Gurian. In early 1994, the NASD brought charges accusing Gurian of working as a trader at Falcon without being registered and said he and Falcon had failed to honor trades from other brokerages. The NASD permanently barred him from the securities business. Gurian appealed, but the action was upheld in March, 1995.
But even though he was twice ordered to stay clear of the brokerage business, Gurian had a major role in the SC&T financing. That is clear from internal records produced under subpoena by SC&T in court proceedings brought against Sovereign, Falcon, and other firms by Edwin B. Mishkin, court-appointed trustee for the bankruptcy of Adler, Coleman Clearing Corp. Adler collapsed after the demise of the penny-stock firm Hanover, Sterling & Co., and Mishkin has filed suits accusing short-sellers, including Sovereign, Falcon, and Gurian, of causing Hanover's demise. The two firms and Gurian are fighting the suits.
The internal SC&T records subpoenaed by Mishkin in the suits include letters written by SC&T's then chief executive, James L. Copland, and addressed to ''Phil and Glen''--Sovereign former President Vittor and the barred broker, Gurian. Copland, who remains chairman but has since stepped down as SC&T's CEO, did not return phone calls. SC&T's new CEO, Thomas Bednarik, declined comment. SC&T's attorney, Sara R. Ziskin, said that company officials would not be interviewed for this article. In a previous interview, Copland acknowledged Gurian's key role in the financing but denied any knowledge of an organized crime role.
ANGRY LETTER. Gurian acknowledges that he worked on the financing--but insists that he did all that work out of friendship for Vittor. ''I didn't get paid a penny for that deal,'' he says. But Hands insists that Gurian is mistaken, and that he had no role in the IPO, paid or unpaid.
The Gurian-Vittor-SC&T correspondence was sometimes acrimonious. At one point, Copland expressed irritation at being put off when he asked where the money for the company was coming from. ''Yes, I do care fellows, who is funding it all, and right now I have no idea!'' said an exasperated Copland in a letter to ''Glen and Phil'' on May 15, 1995.
By the time Copland wrote that letter, SC&T already had gone through its first wave of interim financing. In April and May, Gurian and Vittor raised $2.5 million for SC&T by selling notes, warrants, and stock, mainly to six Bahamian investors: Maraval & Associates, Bauman Ltd., Caspian Consulting, Robert Adams, Roddy DiPrimo Ltd., and Ubiquity Holdings. In the IPO, the Bahamians cashed out for $5 apiece the 1.6 million shares they acquired at $1.33 a share--a gain of $5.8 million.
Copland would have gotten little information on the people funding his company--the Bahamians--from his own prospectus. The ''beneficial owners'' of the companies, listed in the prospectus, appeared to have no apparent links to either SC&T or Sovereign, which brought the company public. Who put the money into those Bahamian entities? Gurian won't say. But there is one solid clue to the people who were getting in on the ground floor of the SC&T deal.
Not long after the Bahamians were snapping up cheap shares, some two dozen individuals participated in the company's smallest round of financing. Some $875,000 in notes and SC&T stock were sold in a Sovereign-managed deal in August and September, 1995. The names were listed in the footnote to an SC&T filing with the SEC in November, 1995. Three of the 24 names have a familiar ring to them--Abramo and Quinn. Among the buyers of the private-issue shares and notes, duly redeemed in December, 1995, were Romilda Abramo--the wife of Phil Abramo--Frank Quinn and Laura Quinn. According to an investigator who has long tracked Thomas Quinn, Frank Quinn is the father, and Laura Quinn the aunt, of Thomas Quinn.
Quinn is the subject of a $25 million civil judgment arising from SEC proceedings involving stock deals in the 1980s, and investigators for the SEC are exploring the possibility that Frank and Laura Quinn have been used as thinly concealed fronts for Thomas Quinn. Quinn's attorney declined comment. Likewise, Romilda Abramo might easily have been a proxy for her husband. Indeed, their house in Saddle Brook is in her name as well. Efforts to reach Frank and Laura Quinn and Romilda Abramo were unsuccessful.
The presence of the Quinn and Abramo kinfolk is among the most compelling evidence of links between the two men--and their links to the SC&T deal. Another link between Quinn and the Bahamian companies appears in the phone records subpoenaed by the SEC in its legal tussles with Quinn. A source says they show calls from Quinn to a Bahamian company called Pindling & Co. during 1995.
Pindling is a crucial name in this saga. L. Obafemi Pindling is a registered agent for Ubiquity and the other Bahamian firms involved in the SC&T deal. (''Umbiquity'' is the name that appears in SEC filings but is apparently a misspelling.) Pindling is the son of Lynden Pindling, who was for many years Prime Minister of the Bahamas. How did such a prominent Bahamian get involved in setting up the Bahamian firms? Obafemi Pindling did not respond to phone calls and faxes to his office in Nassau. |
