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To: SEC-ond-chance who wrote (80413)9/23/2002 5:19:26 PM
From: StockDung  Respond to of 122087
 
To read more about Thomas Heysek's massive fraud on the markets please visit

RAYMOND L. DIRKS INTERNET RESEARCH TRIBUNAL THREAD
Subject 52930



To: SEC-ond-chance who wrote (80413)9/23/2002 5:23:02 PM
From: StockDung  Respond to of 122087
 
RE:Richmark Capital->September 23, 2002 Part One of Report On Lifestyle Innovations, Inc. (OTCBB: LFSI)

Stocklemon Tastes Something Sour in Lifestyle Innovations.

Once Stocklemon compiled all of the research on Lifestyle Innovations, Inc. (“Lifestyle Innovations”) we realized that it was more than enough to fill up a book, thus deciding what to write and when was an editorial decision. This is the first of a two part report in which we intend to discuss the potential SEC violations of Lifestyle Innovations Inc. (otcbb: LFSI) and its placement agent Richmark Capital Corporation.

Richmark Capital

Lifestyle Innovations is currently raising funds through the placement agent of Richmark Capital Corporation (“Richmark Capital” or “Richmark“). Richmark Capital is a broker dealer out of Texas whose founder is a gentleman by the name of Doyle Mark White. Not only is Richmark the placement agent, but they also have been the most active market maker in this security.
otcbb.com
Issue=lfsi&searchby=issue&sortby=volume&
Month=8-1-2002&downloadname=mv200208.exe

Richamrk and Mark Doyle White have had their problems with the SEC in the past. Just earlier this year Mr. Whites served a 90 day suspension from the SEC for violations of securities law. The gist of the violation was the selling of securities to clients without the proper disclosure of the relationship between Richmark and the company. The attached link gives a detailed description of the infractions made by Richamrk and Mr. White. sec.gov

Has Richmark learned their lesson?

What is the true relationship between Richmark and Lifestyle? Is Richmark only an investment banker for Lifestyle, or does it run deeper? Here is what Stocklemon has discovered.

In the Private Placement Memorandum put towards potential investors, it is stated that the only current shareholder with more than 10% is a gentleman by the name of Randy Howell who currently owns 2,571,428 shares of Lifestyle Innovations. Randy Howell received his stock as his company Brittany Enterprises was sold to Princeton Mining (the original shell of LFSI), over a year ago. But who is Randy Howell and what is Brittany Enterprises?

Brittany Enterprises is a Nevada Corporation registered to the name Diane Golightly.
sos.state.nv.us

Diane Golightly is the sister of Mark Doyle White
Randy Howell is the brother-in law of Mark Doyle White

Doyle Mark White’s family currently owns almost $10 million dollar in stock for nothing but the marginal leases on 2 apartments in Dallas.
Therefore, we now realize that the company is actually controlled by related parties to the founder of Richmark Capital. Where is the disclosure? Don’t the investors have a right to know this information?

Is Richmark one of America’s Weakest Brokerage Firms?

Before anyone accuses Stocklemon of slander, we refer to the Weiss Ratings. Every quarter, Weiss evaluates the financial strength of more than 15,000 institutions, including stocks, brokerage firms, insurance companies, mutual funds and HMO’s. According to Weiss Ratings’ last report dated as of September 13, 2002, Richmark Capital is one of America’s WEAKEST BROKERAGE FIRMS.

weissratings.com

According to Weiss, “A weak brokerage firm represents a potential for financial loss to its clients, as well as a number of headaches and hassles. After all, a financially desperate broker is more concerned about staying afloat today then he is about your financial well-being tomorrow.”
weissratings.com

Conclusion

The majority shareholder in Lifestyle is a direct related party and has not been disclosed by the underwriter. Furthermore, the underwriter is a company with a history of violations and the dubious ranking as one of America’s weakest brokerage firms. Stocklemon believes that this is a true caveat emptor situation. Stay tuned for Part II in which we intend to disclose even more related party transactions as well as the business and cash flow issues of Lifestyle Innovations.

Disclaimer:
Stocklemon.com does not guarantee in any way that it is providing all of the information that may be available. We recommend that you do your own due diligence before buying or selling any security. At any times the principals of Stocklemon.com might hold a position in any of the securities profiled on the site. Stocklemon.com will not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market.



To: SEC-ond-chance who wrote (80413)9/23/2002 5:36:31 PM
From: StockDung  Respond to of 122087
 
Initial Decision of an SEC Administrative Law Judge
In the Matter of
Robert G. Weeks, David A. Hesterman, and Kenneth L. Weeks
INITIAL DECISION RELEASE NO. 201
ADMINISTRATIVE PROCEEDING
FILE NO. 3-9954

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

--------------------------------------------------------------------------------

In the Matter of

RICHMARK CAPITAL CORPORATION
and DOYLE MARK WHITE

--------------------------------------------------------------------------------
:
:
:
:
:
:

INITIAL DECISION

March 18, 2002



To: SEC-ond-chance who wrote (80413)9/23/2002 6:01:19 PM
From: SEC-ond-chance  Read Replies (2) | Respond to of 122087
 
Finally we get to meet THE PENNY STOCK PICKER
Note the geocities address

geocities.com

The PennyStock Picker

Small and microcap emerging growth companies with big potential

Who is Tom Heysek?

Thomas M. Heysek earned his BA from Washington & Jefferson College, economics and mathematics majors and an MBA from New York University (1971) with a concentration in international economics and accounting. MBA Thesis: Cash Management, A Synthesis of Solutions (graded: A w/Distinction). Mr. Heysek has accumulated over twenty-five years of experience in the financial services industry and international markets (fifteen years overseas). Mr. Heysek is a frequent contributor to numerous business publications on topics that include Investment Management, International Markets and the Political Economy. Mr. Heysek is the author of 7(published by McGraw-Hill, 269 pages…www.bn.com) and contributes original material to financial publications and online media.

SECURITIES RESEARCH & ANALYSIS: (From 1990-August 2000): Director of Research (equities)/ Credit Analysis (Fixed Income). Investment and Loan Portfolio Focus: Financial Services, Telecommunications and Media. Occasionally, step-in to assume financial director's function for investee-debtor companies. Mr. Heysek also published original research and analysis, and edits quarterly letters to shareholders for a selected following of mutual fund managers, investment partnerships and various publications (conventional and online). From 1996-1997, this material was also published online (on AOL's Investor’s Almanac: Perspectives on Money). Though that online program is no longer a daily publication, that audience eventually represented in excess of 300,000 unique members, and was a rich vein to mine regarding people-connections and achievements.

THE CONSULTING SHOPPE (1985 - 1989): Managing Director and Principal Shareholder. Based in the Republic of Singapore, with offices in Hong Kong, Kuala Lumpur and Thailand, The Consulting Shoppe's principal business was executive recruiting, management consulting and investment research for European and American Multinationals, Middle East Banks (National Bank of Kuwait, Arab Bank Ltd., Arab Banking Corp., Gulf Bank), and indigenous organizations in both the Public and Private Sectors of Southeast Asia. Assignments for several foreign banks included portfolio management consulting. Clientele also included indigenous entities in the Region establishing business units in other countries. Government clients included GSIC, the Government of Singapore Investment Corp., which in 1985 began to invest public trust funds in overseas equity markets and the Xinhua News Agency (the fourth largest news organization in the world). Total Number of Employees: 16 (five professionals…all fluent in the three most prevalent Chinese dialects). Consulting and Investment Advisory Fees were in excess of US$3 million per annum from 1987 onward.

KORN/FERRY INTERNATIONAL (1983-1984): Managing Director-Financial Services, Southeast Asia. Based in Singapore, primarily specialized in recruitment assignments for the financial services sector. Clients included American and European headquartered financial institutions (banks and trust companies) as well as indigenous financial services businesses expanding outside of the Asia/Pacific Region.

CROCKER NATIONAL BANK (1976 - 1983): Based in Hong Kong, 1979-1983, Mr. Heysek was Managing Director of Crocker's Asia/Pacific Merchant Bank and from 1976-1979, based in San Francisco, as Vice President in the Corporate Banking Division. Merchant Banking duties included transaction engineering and syndicated lending. In the Corporate Bank, Mr. Heysek was VP and Group Head for the commercial banking unit focused on corporations based in the Midwest-USA (Ohio and Michigan). From an initial loan portfolio of $10 million in 1976, total lending for the Group surpassed $100 million by 1979 (with no diminution of credit quality).

J.P. MORGAN & Co. (1969 - 1976): Mr. Heysek began his career in June 1969 as an analyst in the Bank's Credit Department. Upon completion of his MBA, Mr. Heysek was promoted to the Trust & Investment Division, initially as a Securities Analyst, then Research Officer (1972), and then Assistant Treasurer in the Corporate Finance Division (1974). While in Corporate Finance, Mr. Heysek contributed to JP Morgan’s corporate fee-income objectives with six new banking relationships added to its client roster (>$1,000,000).

geocities.com
geocities.com