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Strategies & Market Trends : Conversion Solutions Holdings Corp. - A Scam?
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To: scion who wrote (4392)11/4/2009 1:29:18 PM
From: scion   of 4624
 
J. The "UCC Security Note" was never purchased for $40 million by CSHC, as the Defendants knew, and in any event was not a legitimate asset with any value (much less $310 million). The supposed "Note" included, among other things, statements such as:

Commerce consists of energy and the cooperative exchange (transaction) of energy. The Lien Claimant's Lien is based upon the two fundamental energy/cooperation (Commercial) Maxims of the Orthodox Hebrew/Jewish Commercial Code ( EJCC) and the corresponding Christian Code which are given as follows . . . . . The Orthodox Hebrew/Jewish Commercial Code (HJCC)is such an excellent Commercial Code that the IRS is the prime imitator and perverter of it, covering their fraud of the commercial process (i .e ., lack of assessment under affidavit) by creating a mental diversion known as the Internal Revenue Code (Title 26 of the United states Code) which is so totally superfluous in commerce that there is never any legitimate ground or reason to cite it . Ledger - the Commercial damages to lien claimants U .S . Constitutionally guaranteed rights is $7,410,000 as detailed in the attached Criminal Complaint Form.

K. Despite the statements in the 10-K, but as the Defendants knew, CSHC received little if any income from any business operations. The only material source of revenue was from the investments solicited from the bondholders. Of the over $2 million invested by the bondholders, approximately $300,000 was paid to Defendants HARRIS and STANLEY each in just over a year, with the majority of the remainder of the money going to other salaries and expenses. Defendant HORTON was also promised approximately $300,000 in salary but had not yet begun to draw the salary when the conspiracy collapsed in late 2006. All Defendants had received substantial amounts of stock in the company.
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