Dian Griesel, Ph.D PROMOTES YET ANOTHER STOCK FRAUD
Investor Relations Group (IRG) was issued options to acquire 150000 shares OF STOCKFRAUD
WAY TO GO DIAN!! Founder/Pres Dian Griesel, Ph.D. Listen: Windows Media | Real Media
macreport.net
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UniDyn Corp. Retains New York City Based Corporate Relations Firm
Business Editors
NEW YORK--(BUSINESS WIRE)--March 27, 2000
UniDyn Corp. (OTCBB: UNDY) today announced that it has hired The Investor Relations Group, Inc., ("IRG") based in New York City, NY as its new financial and public relations company. Investor and media inquiries regarding UniDyn can be directed to IRG at Tel: 212.736.2650, Fax: 212.736.2610.
The Investor Relations Group provides a full complement of investor relations and public relations services to assist clients in defining and meeting their investor relations objectives. IRG will develop investor awareness for UniDyn Corp., a fully reporting company.
UniDyn is a leader in the quality assurance testing market with emphasis on fully automated testing of printed circuit boards. UniDyn has recently completed a corporate reorganization in preparation for substantial growth. The Company will have three production divisions: the Phoenix, Arizona Avalon plant to produce the Sterling products, the Orem, Utah plant to produce the NorthStar and MorningStar products and during the first quarter of 2000, the Los Angeles plant to produce Derritron products. In addition, the Company has a separate research and development division located in Orem, Utah.
Ira Gentry, President and Chairman of the board of UniDyn Corp., described The Investor Relations Group's role in UniDyn Corp.'s growth and visibility. "We want to work with a firm which has strong relationships with the investment community, particularly in New York. The Investor Relations Group is that type of company and we look forward to working with them in increasing investor awareness in the company."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products
and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
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TSX-V's Union, T-K appear in Arizona pump-and-dump
2006-06-07 16:07 ET - Street Wire
by Mike Caswell
Controversial Vancouver brokerage Union Securities Ltd., fined $1.77-million in April for serving shady U.S. clients, has turned up in a recently unsealed Arizona fraud indictment. Prosecutors describe Union as a brokerage firm used in the alleged $8.6-million UniDyn Corp. pump-and-dump. Also used was the Vancouver branch of Thomson Kernaghan, the now-defunct Toronto brokerage headed by Mark Valentine. (All figures are in U.S. dollars.) While Union and T-K are named several times in the Arizona indictment, they are not accused of any wrongdoing or of soliciting the bad business.
The indictment
According to the indictment, Union and T-K served UniDyn's chief executive officer, Ira W. Gentry, and a disbarred lawyer from Arizona, Randy W. Jenkins, as they secretly dumped over 3.9 million shares of UniDyn, a purported developer of circuit board technology. The indictment charges Mr. Gentry and Mr. Jenkins with 59 counts of fraud, money laundering and tax evasion.
It seems Mr. Gentry and Mr. Jenkins, with eight aliases between them, secretly acquired 20 million shares of UniDyn in the year leading up to the promotion. Prosecutors say they hid their shares in offshore companies, opening accounts at Union and T-K under the names Universal Dynamics, Marriott Investment Fund Ltd. and Prime Security Funding Ltd.
While Mr. Jenkins and Mr. Gentry pumped the stock to a $4.40 high in March, 2000, touting bogus deals worth over $1-billion, prosecutors say they instructed Union and T-K to dump their shares and wire the money to Arizona, Utah and elsewhere.
At the height of the promotion, Union apparently sold 847,500 UniDyn shares worth $1.89-million for the nominee accounts, while T-K sold 2.13 million shares worth $6.2-million.
(Although the stock had a few subsequent smaller runs, it fell to 40 cents inside a year, and last traded for one-1,000th of a penny on May 25, 2006.)
Prosecutors say Mr. Gentry and Mr. Jenkins spent the money on a $1.2-million Arizona home, a $139,000 Mercedes, and a $300,000 collection of gold and silver coins.
Union's other woes
Although the events in the Arizona indictment date back to 2000, they become public at an embarrassing time for Union, the brokerage having just settled a three-pronged regulatory action punishing it for a litany of misbehaviour and non-compliance. High on the list of attention-getters was the firm's status as a skunk-magnet for shady U.S. promoters.
The indictment comes just four months after the U.S. Securities and Exchange Commission subpoenaed former Union broker Trevor Koenig to testify in an unrelated civil suit against Florida financier Jonathan Curshen and just three months after the SEC banned former Union client James Franklin.
In both those cases the SEC says U.S. promoters used Union, but makes no suggestion that the participation was anything but unwitting.
Last year the Investment Dealers Association secured a court-appointed monitor at Union to correct a "culture of indifference toward compliance issues." As part of Union's settlement with the IDA in April, Union agreed to have the monitor come back from time to time to check up on its compliance.
The other brokerage, T-K, went bankrupt in 2002 not long after its former head, Mr. Valentine, was arrested in Germany as part of Operation Bermuda Short, the massive Canada-U.S. penny
stock sting.
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UNDY - News ReleasesInvestor and media inquiries regarding UniDyn can be directed to IRG at Tel: 212.736.2650, Fax: 212.736.2610. The Investor Relations Group provides a full ...
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