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Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 4:00 PM EDT

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To: dustydent2 who wrote (7592)7/26/2023 11:02:49 AM
From: TEDennis   of 7616
 
dustydent2: re: criminal pumpers

Strictly speaking, nobody associated with this farce is a "criminal". [Yet !!!]

While it may seem like their actions were "criminal", they're not considered actual "criminals" until a court of law deems them so.

The primary case filed by the IRS/DOJ against IAS/RaPower3/Johnson/Shepard/Freeborn was a *Civil* case (2:15-cv-000828). It resulted in the ruling by Judge Nuffer that the whole shebang was a "Massive Fraud".

The court appointed Receiver then filed over 100 *civil* cases against people or firms that profited from the "massive fraud". Almost all of them have "already" (after 8 years) been ruled in favor of the Receiver. The Receiver dropped a case or two along the way for "hardship" where the defendant could never repay their debt. There are only a few civil cases left ... most of which are cases against insiders.

After the civil trial there were some individuals who violated (or ignored) court orders and were slapped with "Contempt of Court" charges. That included Greg Shepard, who later cleared his charge by complying with the judge's orders. However, he lost his house after the Receiver won his case against him to recover Shepard's "winnings" from his involvement in the "massive fraud".

"Contempt of Court" is a *criminal* offense. Neldon and Glenda Johnson are the only two outstanding cases (that I know of) for that violation.

Their case (2:21-cr-00513) is scheduled for court on 1/22/2024. It has been delayed multiple times because of Neldon's health. As a result of prostate cancer, he is now confined to a wheel chair (at least that's what they claimed when they motioned for a continuance).

What I find interesting is that there were "Pesky Pumpers" who should have been called to testify or have a case filed against them by the Receiver but they somehow avoided such proceedings.

Like, for instance, Lyman.

He received free and/or discounted IAUS shares as an "insider", and he bought lenses. I presume he also sold lenses for a 10% (?) commission which would have put him in the group of those who profited from the "massive fraud". How did he escape all the legal fun and games? Did he realize he had been screwed royally and immediately paid his dues ... or was he granted leniency for ... sharing knowledge ... about the key players and possibly about other folks who got sucked into this mess?

I'm curious what he now thinks of his bosom buddy pals who got him into this mess? I suspect he's claiming it's a government conspiracy to keep renewable energy out of the mainstream.

Note that the above info is my interpretation of court filings. I might be a bit off about some of it, but again ... you get what you pay for.

That's how we "Paid Bashers" can afford to live the good life.

LOL !!!

Sure is a pretty day.

TED
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