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Microcap & Penny Stocks : Zia Sun(zsun)

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From: StockDung1/28/2008 6:54:36 PM
   of 10354
 
Securities crook Francois Goelo involved in yet another scam company:

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20442 / January 28, 2008

Securities and Exchange Commission v. Daryn P. Fleming and Mathew C. Bruce, CV-08-029-FVS (E.D. Wa.)

Securities and Exchange Commission v. International Broadcasting Corporation, CV-08-029-FVS (E.D. Wa.)

The Securities and Exchange Commission ("SEC") announced that on January 23, 2008, it filed a civil injunctive action in the United States District Court for the Eastern District of Washington against the former CEO of International Broadcasting Corporation, Daryn P. Fleming, ("Fleming") and an agent of the company, Mathew C. Bruce ("Bruce"), alleging that Fleming and Bruce violated the antifraud provisions of the federal securities laws. The SEC also announced that it has filed a settled civil injunctive action against International Broadcasting Corporation, in which the company consented to the entry of a permanent injunction from violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

The SEC has alleged that as part of the scheme, International Broadcasting, through Fleming, issued false press releases about its business operations including nonexistent broadcast affiliations with various radio stations. The SEC has also alleged that when Bruce and Fleming were later questioned by investors about these supposed affiliations, they made public misrepresentations live on an International Broadcasting internet radio show to conceal the fact that the original press releases were false.

SEC Complaint v. Fleming and Bruce
SEC Complaint v. International Broadcasting Corporation



sec.gov

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Home | Previous Page Modified: 01/28/2008

International Broadcasting Corp/NV · SB-2 · On 5/6/02

secinfo.com

Name and Address of Amount and Nature of Percentage
Beneficial Owner Beneficial Ownership of Class
------------------- -------------------- ----------

Daryn P. Fleming 40,000,000 52.5%
Darrell W. Nether 2,500,000 3.3%
Sandra S. Nether 7,500,000 9.6%
Tyler Fleming (1) 5,000,000 6.6%
All officers and directors
as a group (three persons) 50,000,000 65.7%
Frank Goelo (2) 5,000,000 6.4%
Herbert Tabin (3) 4,125,000 5.3%
Gary Schultheis (4) 4,125,000 5.3%

----------
(1) Mr. Fleming's address is 7065 W. Ann Road, Suite 130, Las Vegas, NV 89130.

(2) Includes 2,000,000 shares of our common stock issuable upon the exercise of
outstanding warrants with exercise prices ranging from $.25 to $.50 per share.
Mr. Goelo's address is Post Office Box 10910, Grand Cayman, BWI.


(3) Includes 1,650,000 shares of our common stock issuable upon the exercise of
outstanding warrants with exercise prices ranging from $.25 to $.50 per share.
Mr. Tabin's address is 6413 Congress Avenue, Boca Raton, FL 33487.

(4) Includes 1,650,000 shares of our common stock issuable upon the exercise of
outstanding warrants with exercise prices ranging from $.25 to $.50 per share.
Mr. Schultheis address is 6413 Congress Avenue, Boca Raton, FL 33487.
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