NEVADA MINING (NMC, Inc.) -
Hey, who remembers the jerk who was here amateurishly promoting NMC, aka Nevada Mining Company? Remember I found that NMC is a new name put on something called Hexagon Consolidated, that Hexagon lost their state lands claim in Arizona for fraud, but came back to the claims with a different approach, new name, and all the same faces?
Anyway, the following was in a Nevada paper dated March 15, 2007. (this is not scanned, so please forgive typo's.)
RENO MAN INDICTED ON CHARGES OF TAX EVASION -
A 57-year old Reno man embroiled in a federal multimillion dollar fraud case involving a former Reno mining company was indicted by a federal grand jury Wednesday on tax evasion charges.
The indictment alleges that Michael N. Pietrzak, who was a licensed attorney in Illinois, filed fraudulent income tax fillings in 201 that claimed he earned no money in 1999 and that he made less than $10,000 the following year, when he really earned more than $240,000 and more than $640,000, respectively.
He is also accused of failing to file income taxes since 2001. He was supposed to pay income taxes of $185,000 for 1999 and 2000.
Pietrzak was summoned to appear at an April arraignment hearing, the Nevada U.S. attorney's office said.
In May, Pietrzak is scheduled to go to trial in Illinois federal court on fraud charges stemming from a 2003 U.S. Securities and Exchange Commission complaint that named him and two other men as defendants.
Pietrzak had been an officer, director and general counsel for Hexagon Consolidated Companies of America, a mining company headquartered in Reno. Maurice Furlong, company chairman and CEO since 1984 also is named in the suit, as was Donald Jordan, who has since died.
The suit is filled in Illinois because certain violations occurred in the state and it is where Pietrzak was licensed to practice law. In 1985, he pleaded guilty in Illinois to aiding and abetting others in the misapplication of bank funds for which he paid a fine, court records show.
The SEC alleges that Pietrzak and Furlong, who later moved the company to Henderson, fraudulently increased the stock price and value of the company by filling false and misleading registration statements, reports, news releases, and letters to shareholders. Pietrzak and Furlong allegedly sold about 80 million shares of the company's stock, receiving more than 4.2 million dollars.
While the men reported to the public between 1996 and 2001 that the company has substantial assets, the SEC said it was "virtually worthless."
End of newspaper story -
Add this biz.yahoo.com on the April 4 shareholders meeting for Nevada Mining. (Yeah, they are still in business, having bought out the two guys above).
Then, for more laughs, check their Powepoint presentation. nmcinc.com
Pretty amazing stuff for a company the SEC says is virtually worthless, having the very same assets as Hexegon Consolidated.
VP in AZ |
