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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK)
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To: David A. Hite who wrote (278)4/8/1998 12:52:00 AM
From: DD™  Read Replies (2) of 684
 
Link to LA Times Article - Global Marine & VentureTech 2000

latimes.com;

Excerpt..

Now, a New Venture


"In June, the FTC filed its lawsuit against Global. In seeking penalties
against the company, Wagner, the FTC attorney, wrote: "The only
profitable mining going on is [Global's] drilling into investors'
wallets." A federal judge in Los Angeles froze the company's assets
and appointed a receiver to take it over.
The next day, FTC investigators, U.S. Postal Service inspectors
and the receiver fanned across Encino to halt the operation. At one
of Global's addresses, investigators found an abandoned office.
Inside were hundreds of pictures of the Tippecanoe Mine and little
else.
Federal agents also went to the phone room where Global's
salespeople had worked for more than a year. But when they
arrived, Global was gone.
In its place was a telemarketing office for another company, a
computer consulting and software business called Venture Tech
2000. Working the phones were several salespeople from Global.
But there were no Global documents or any other evidence related
to the mining operation."

Many thanks to Jeff Mitchell for his efforts in uncovering this research.

DD
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