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To: Sir Auric Goldfinger who wrote (5693)11/12/1999 1:19:00 PM
From: StockDung  Respond to of 10354
 
Cragun Stable of CRIM Stocks Index

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To: Sir Auric Goldfinger who wrote (5693)11/13/1999 12:16:00 PM
From: StockDung  Read Replies (2) | Respond to of 10354
 
"Using that control, the three men caused the companies to issue more than 8 million shares of stock, in most cases for little or no consideration, to foreign shell companies, the SEC alleged."

"They then caused 5 million of those shares, all of which were either unregistered or improperly registered, to be sold to the public, generating about $8 million, the SEC charged."

SEC sues one of its former lawyers, 16 others

WASHINGTON, Nov 12 (Reuters) - The Securities and Exchange Commission said on Friday it sued 17 people, including a former SEC lawyer, for their part in an alleged scheme that ran for about two years to sell stock at inflated prices.

The SEC alleged in a civil complaint filed earlier this week in New York that 39-year-old Grant Curtis of Danville, Calif.; and Leo Mangan, 43, and Timothy Masley, 38, both of Lindenhurst, N.Y., acted as a partnership and together exercised control over three companies.

The companies were Windswept Environmental Group Inc. <WEGI.OB>, Pilot Transport Inc. and ICIS Management Inc.

Using that control, the three men caused the companies to issue more than 8 million shares of stock, in most cases for little or no consideration, to foreign shell companies, the SEC alleged.

They then caused 5 million of those shares, all of which were either unregistered or improperly registered, to be sold to the public, generating about $8 million, the SEC charged.

Some of the other people accused by the SEC had varying roles in furthering the fraud, according to the commission.

They included James Nearen, 45, of Littleton, Colo., a staff attorney with the SEC for seven years before leaving in 1995. In 1997, Nearen, who held senior positions with the three companies, pleaded guilty to several felonies, including securities fraud, conflict of interest by a former government employee and money laundering.

In January of 1998 he was sentenced to 18 months incarceration and three years probation, the SEC said.

Nearen, Mangan and three others allegedly involved have made settlement offers to the SEC in this case.

Attorneys for the men did not immediately return telephone calls seeking comment. Curtis does not have legal representation, the SEC said.

17:57 11-12-99



To: Sir Auric Goldfinger who wrote (5693)11/13/1999 8:16:00 PM
From: StockDung  Respond to of 10354
 
The ZSUNE thread is so serious lately. Time for a little humor. They will probably exchange some ZSUN shares after they walk up BEVEX like they did LCAI. The BevMark 2000 must survive and you know with these CRIMs it will.

Date: 11/03 06:01 EST

BEVEX HOLDS ANNUAL SHAREHOLDER MEETING IN ZURICH... PROVIDES UPDATE REGARDING DEVELOPMENT OF THE 'BEVMARK 2000' BEVERAGE CENTER

SOLANA BEACH, Calif., Nov 3, 1999 /PRNewswire via COMTEX/ -- At the
October 7, 1999 annual shareholder meeting of BEVEX Inc. (OTC Bulletin
Board: BVEX) 20,530,806 of 32,264,200 common shares of stock were
represented in person or by proxy, constituting a quorum. Shareholders
voted on the following actions and business matters.

1. The following Board of Directors, as currently appointed, was
ratified by a majority shareholder vote:
Hugues Monteil Chairman of the Board
Allen Hardman Director
Marc Bruhwiler Director
Michael Montandon Director

2. The appointment of the accounting firm of Jones & Jensen (Salt Lake
City, Utah) as auditor of record was ratified by a majority shareholder
vote.

3. The Restated Articles of Incorporation were ratified by a majority
shareholder vote.

4. The Restated and Amended Bylaws were ratified by a majority
shareholder vote.

5. The Technology Development Agreement between BEVEX Inc. and BevTec
GmbH in Rostock, Germany was ratified by a majority shareholder vote.

A development update report on the new "BevMark 2000" beverage center
was presented, and included brief presentations regarding filling
technology, proportioning and mixing technology, process system
controls and exterior design.

The shareholders were advised that although BEVEX is confident the
design team now in place is capable of developing a successful beverage
center, there are still some issues that must be resolved to move
forward to successful project completion, including:
1. BEVEX is still seeking technology development funding.

2. The assembly and testing of the core technology components are
considerably behind schedule due to delays in delivery of certain key
components, and the need to source other components at a more
reasonable cost. Some of the components sourced thus far, while
suitable for the intended function, are cost-prohibitive.

3. Presuming the prototype development is successful, considerable
"value engineering" will still be required to ensure the beverage
center is commercially feasible.

4. BEVEX currently has no working capital, and project progress is
totally dependent on a major infusion of funding in the very near
future. In order to preserve the limited capital available, it has been
used only for technology development and associated expenses. There are
no paid employees of BEVEX at this time.

5. The delays in technology development and funding are causing
considerable slippage in the original schedule, to have a beta
prototype beverage center in the marketplace by summer of 2000.

The shareholders were advised that, although management is functioning
with very limited resources, every reasonable effort is being made to
resolve the aforementioned issues.

The shareholders were also advised BEVEX is in the process of preparing
its Form 10-SB for submission to the Securities and Exchange Commission
(SEC). However, certain required information from prior years, which
predates current management, is proving difficult to locate and/or
assemble. As a result, the 10-SB will have to be prepared by
reconstructing the information required by the SEC from the limited
information available for those prior years. This has delayed the
filing of the 10-SB. The unexpected delay in filing the 10-SB, will, in
all likelihood, result in the stock being "pink sheeted," and possibly
de-listed, which would curtail trading on the open market.

The service and process agent for BEVEX has cautioned that the
company's filing of a Form 10-SB, in the absence of the company's
ability to demonstrate that it has the financial capability to proceed
in a businesslike manner, could result in refusal of the submission by
the SEC.
Shareholders will be apprised periodically concerning future developments.

NOTE: Any statements released by BEVEX Inc. that are not purely
historical are forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Editors and investors are cautioned that forward-looking
statements invoke risk and uncertainties, including economic,
competitive, governmental, technological and other factors, that may
affect the company's business prospects and performance and cause them
to differ from these forward-looking statements.

SOURCE BEVEX Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Allen D. Hardman of BEVEX Inc., 858-509-3279; or Madeleine
Franco of Jordan Richard Assoc., 801-268-8610, for of BEVEX
Inc.

WEB PAGE: jordanrichard.com

GEOGRAPHY: California
Utah
Germany
Switzerland

INDUSTRY CODE: FOD

SUBJECT CODE: PER
SRP