Floyd Schneider proudly announces the indictment of Mark Harris who was IR of Ziasun Technologies Inc. Harris was a criminal "CRIM" and the indictment further proves that this creep who was behind the SLAPP suit against me is just a two bit thug. It took 12 years to get my revenge against this crook. My posts can be found on the investorshub GENMED (GENM) thread starting on Jan 20, 2011 documenting Mark Harris's crime as well as the crimes of Sherman Mazur and Regis Possino to name a few. It looks like the FBI and IRS used this research well.
Genmed promoter Harris arrested in U.S.
2013-02-15 20:00 ET - Street Wire
Also Street Wire (U-EMPM) Empire Post Media Inc
Also Street Wire (U-FROG) FrogAds Inc
Also Street Wire (U-HAIR) Biostem US Corp
Also Street Wire (U-SENZ) Sport Endurance Inc
by Mike Caswell
Mark Harris, an OTC Bulletin Board promoter who lived in Vancouver, has been arrested on securities fraud charges in the United States. Prosecutors in California claim that he and a group of serial market manipulators generated more than $30-million in illegal profits in several pump-and-dumps. Authorities arrested Mr. Harris, 56, in Arizona on Wednesday, and he remains in custody.
Mr. Harris, originally from Calgary, has lived in Vancouver on and off for many years, holding himself out as an investor relations man. He ran a private firm called Skylla Capital Corp., which operated from an office on Burrard Street. The Vancouver Sun's David Baines reported in 2006 that he has a child with Jonni-Colleen Sissons, a former broker at Northern Securities Inc.
The charges against him are contained in a pair of indictments that allege he helped arrange and pay for promotional services for a number of OTC-BB listing. They include Genmed Holding Corp., a Dutch company that claimed to be developing generic drugs. According to prosecutors, Mr. Harris's co-defendants sold millions of Genmed shares in early 2011 while he helped with a promotional campaign that cost hundreds of thousands of dollars.
 | | VANCOUVER SUN | | Mark Harris |
The indictments against Mr. Harris were unsealed in the Central District of California on Wednesday, when authorities took him and many of the 13 other defendants into custody. The charges include securities fraud, wire fraud and international promotional money laundering. The indictments identify Mr. Harris as a resident of Scottsdale, Ariz., who ran an investor relations firm there called Apache Capital LLC.
According to prosecutors, Mr. Harris and the others ran a pump-and-dump scheme that started around 2009 and continued until at least December, 2012. The manipulations generally all followed the same pattern. The men secretly took controlling positions in OTC-BB companies, promoted the stocks with false or misleading information, and dumped their shares, prosecutors claim. The men then allegedly moved the proceeds from the scheme offshore using a large number of private entities.
While the indictments list a number of pump-and-dumps, only a few are described in detail. According to prosecutors, the Genmed scheme took place in early 2011. At the time the stock was very thinly traded, and was around 30 cents. The indictment does not say exactly what the men did to promote the stock initially, but it lists hundreds of thousands of dollars in wire transfers that were to pay promoters.
The recipients of that promotional money, as listed by prosecutors, included Raincity Marketing Group of West Vancouver. (The indictment does not accuse Raincity of any wrongdoing.) The firm received two wire transfers totalling $165,000, which Mr. Harris allegedly sent to an account at HSBC Bank Canada.
The actual promotion started in January, 2011, when Genmed became far more active, trading hundreds of thousands of shares per day and reaching a 52-cent high. That month the company issued a news release stating that it had an agreement with a pharmaceutical distributor in Ireland which would see its products sold in several countries.
The promotion, as described in the indictment, continued to involve Mr. Harris through to March, 2011. The evidence of his involvement includes a string of text messages he received on March 20, prosecutors claim. The messages stated that Genmed would be doing a video news release with a known actor who would endorse the company. The video would be distributed on "CNN Bloomberg, msnbc, local tv as well as cable across the nation ... I believe it will [be] a great tool for [the third party stock promotion groups]," one of the texts stated. (Prosecutors did not identify the actor, but one of the other companies in the indictment claimed to have Pamela Anderson pitching its products.)
Also boosting Genmed, according to prosecutors, was an analyst report that projected approximately $40-million in sales in 2012. The analyst recommended the stock as an attractive investment.
According to prosecutors, Mr. Harris's co-defendants had high expectations for the promotion. One of them, Grover Nix, said in an intercepted conversation, "I'm fucking truly excited like a kid at Christmas." In all, prosecutors claim that the men made $2.1-million from the Genmed promotion.
The defendants, in addition to Mr. Harris, are Sherman Mazur, Ari Kaplan, Grover "Colin" Nix, Regis Possino, Edon Moyal, Joseph Davis, Curtis Platt, Dwight Brunoehler, Tarun Mendiratta, Ivano Angelastri, Joseph Scarpello, Julian Spitari, Peter Dunn and William Mackey. Most of the men are either from California or Los Angeles. Mr. Possino, 65, is a disbarred lawyer. At the time of the manipulations, both Mr. Davis and Mr. Moyal were free on bond from other criminal cases.
The stocks, in addition to Genmed, were Sport Endurance Inc., Empire Post Media Inc., FrogAds Inc. and Biostem U.S. Corp. None of the companies are named as defendants.
Mr. Harris made his initial appearance in the case on Friday before a judge in Arizona. The judge ordered him held pending trial, citing a serious flight risk. Mr. Harris has lived abroad, has Canadian citizenship and has the financial resources to flee, the judge found.
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