There is a site called Diligizer Black List that lists a securities fraud conviction in 2001. There is also an SEC site, but I found it hard to navigate. So I don't know if anything is open now.
Fortunately, I didn't invest any money with Garrett Krause. I met him waiting at an airport, and during a casual conversation, he brought up a number of projects he was involved in and offered me an opportunity to invest. I thought it was a little strange for a CEO (as he represented himself) to be hawking his stock; and the projects sounded so astonishing and varied that at first I thought he was just a manic or a pathological liar. But being a little bit greedy, I decided to look into the "opportunities" and did a Google search. (That's how I found this thread). I found that all the companies he told me about actually existed, but I also found a trail of companies that looked not only like shell corps, but like a shell game. "Ice Age Entertainment" became Diamond World Wide became Janus. I think they were all traded on OTCBB and all went down to $0.0001. His current Chinese pharm company is a new incarnation of another company that went to 0. I even found a story about a hockey league that had three teams, played two game. and went out of business; that "asset" got transferred from "Ice Age" to DWDW. It sounded a little bit like The Producers.
Finally, I talked to a cousin of mine in Florida, a bright woman who usually knows better. She lost $10K on one of these scams.
I wonder if any of the officers in his current businesses are people involved in his past scams. If they are, I would imagine the SEC would be interested. Or maybe somebody has to file charges; I really don't know how that works. I'll send you a list of names from HeartStat, e-angels, the Chinese pharm development company, FutureVest... Let me know if you recognize any of them. |
