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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (1975)	11/8/2001 4:11:19 PM
From: formerposter	Respond to of 1979

Madera's Amazon land title cancelled in 1999!! *FROM A POST ON THE RB WOOD BOARD 17998* " Jeez Loueez!!! Lookit whut da hail I found!!! Not 100% sure this is the same Ray Fernandez (Raymond Nonato de Fernandes), but too scary to be coincidence. This is a google.com translation of "The White Book of the Land Illegal occupancy of landed property in Brazil" published by the Minesterio do Desenvolvemento Agrario. It details illegal land titles that were revoked. Had to use this translator since my Portuguese is not "mai bem". translate.google.com Scroll to the Amazonas section: "** Farm River Luna III , with 280.733 hectares, on behalf of Mr. Raymond Nonato de Fernandes, located in New Aripuanã/AM. Register in the Judicial district of Aripuanã/AM;" NOTE: 1 HA. = approx 2.5 acres. I was able to track this down after discovering this article on land scams and falsified titles originally published in the Christian Science Monitor 4/19/2001 forests.org More specifics at another translated page shows that these registrations have been going on for three decades. What is of interest in the following article is that the "fraud" was discovered in 1999!!! No wonder three sets of auditors quit and the last SEC filings were in 1999. translate.google.com "

To: Arcane Lore who wrote (1975)	6/6/2002 3:51:47 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 1979

SECURITIES AND EXCHANGE COMMISSION LITIGATION RELEASE NO. 17546 / June 6, 2002 ACCOUNTING AND AUDITING ENFORCEMENT RELEASE NO. 1570 JUDGMENT ENTERED AGAINST MADERA INTERNATIONAL, INC. SEC v. Madera International, Inc., Ramiro M. Fernandez-Moris, and Daniel S. Lezak, 01 Civ. 1985 (JR) (D.D.C. filed Sept. 19, 2001) The Securities and Exchange Commission today announced that, on June 4, 2002, the United States District Court for the District of Columbia entered a Final Judgment of Permanent Injunction By Default against Madera International, Inc. The judgment enjoins Madera from violating the antifraud, reporting, books and records, and internal controls provisions of the Securities Exchange Act of 1934 (Sections 10(b), 13(a) and 13(b)(2)(A) and (B), and Rules 10b-5, 12b-20, 13a-1, and 13a-13). The court found that Madera, by its default, was deemed to have admitted the allegations in the Commission's complaint. The Commission's complaint alleged that Madera, a timber distributor, had engaged in fraudulent accounting and reporting practices since its inception in February 1994. Specifically, the complaint alleged that Madera recorded as assets various purported timber producing properties for which it lacked clear title, assigned and recorded arbitrary values for those timber producing properties, recorded revenues from phony sales transactions, failed to disclose significant related party transactions, and caused false sales invoices, shipping documents, cash receipts records and audit confirmations to be furnished to its independent auditors. Madera also issued false press releases concerning, among other things, the company's operations and profit forecasts. For more information, see Litigation Release No. 17140 (September 19, 2001). sec.gov