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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (6168)	12/8/2000 11:16:52 AM
From: Jeffrey S. Mitchell	Read Replies (3) \| Respond to of 7056

OK, now I remember it... but I guess now is as good a time as any to revisit it and see if we really are talking about the same LFT. First, let me see if I have the story straight... A guy by the name of Patrick Tibbetts starts a corporate management company in the Cayman Islands called Everest Management Ltd. Everest in turn creates a multitude of Caymanian companies which it "legally" owns (in that it takes on the role of shareholders and directors), but in reality are operated by numerous off-shore entities looking to hide their assets (since, technically, any ill-gotten money in these companies would not be in the operator's name). Everest is one of the entities that manages the accounts of several companies the SEC has accused of receiving $13M U.S. in illegal proceeds from a combination Ponzi and Pyramid Scheme operated by C4T Management, Ltd. ('Cash 4 Titles'), a U.S. company primarily owned by Michael Gause and Richard Homa (aka Charles Richard Homa). In order to determine exactly where all Gause's assets may be, the SEC then appoints as receiver Mr. Phillip Stenger, an attorney in the firm Stenger & Stenger of Grand Rapids, MI (who reportedly has extensive experience in dealing with recovery of assets for investors who have been defrauded by such schemes). One of the almost four dozen likely Gause related companies Stenger is asked to investigate is the Life Foundation Trust which may or may not be related to the company by the same name that defaulted in their alleged investment to HITT. Perhaps coincidentally (and perhaps not), the same lawyer who represented HITT in the libel suits against Janice Shell et al and Bloomberg, Daniel J. Becka (Illinois Bar No. 6202427) of Schoeppl & Burke, is one of the attorneys representing Bill J. Short, II, Bilcin Enterprises, Inc., and Gulfcoast Holdings, LLC, all of whom were co-defendants in the action brought against Gause and Homa. Has anyone thought to ask Becka about this? Any volunteers? - Jeff