OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
Criminal charges against Badian
Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 12/11/2003 12:38:53 AM

By: jurisper

Criminal Charges Brought In Sedona Short-Sale Case

By JUDITH BURNS

Of DOW JONES NEWSWIRES
WASHINGTON -- Federal prosecutors charged two brothers with manipulative short-selling of Sedona Corp. (SDNA) stock, bringing criminal proceedings in a matter that securities regulators settled earlier this year.

Andreas Badian , an employee of Rhino Advisors, Inc., a New York money management firm, was arrested Tuesday and released on $2 million bail after pleading not guilty to securities fraud, officials said.

An arrest warrant was issued for Thomas Badian , president of Rhino Advisors, and Andreas Badian's older brother, but he did not appear in court and his attorney, Victor Rocco, declined to comment on his whereabouts. Prosecutors wouldn't comment on reports Thomas Badian had left the country.

Rhino and its president paid $1 million in February to settle Securities and Exchange Commission allegations they manipulated Sedona stock to benefit an offshore client who held $2.5 million of convertible debt in the company. They didn't admit to or deny the SEC's claims. The SEC didn't charge the client, Amro International, a Panama corporation based in Switzerland, or Andreas Badian .

Sedona, a King of Prussia, Pa., technology firm, was delisted from the Nasdaq Small Cap Stock Market early this year and now is quoted on the OTC bulletin board.

The criminal complaint filed in federal court in Manhattan charges the Badians ordered aggressive short sales of Sedona stock through a New York broker.

Andreas Badian told the broker to sell Sedona shares short with "unbridled levels of aggression," and be "merciless" with it, prosecutors charge. He later congratulated the broker on a "good job" because the stock price had "collapsed," according to tape recordings of telephone calls to the broker, prosecutors said.

Short selling is legal, but in this case it violated Amro's financing agreement with Sedona. Prosecutors described the financing as a "toxic" convertible deal that guaranteed Amro more Sedona shares if the stock price fell. The deal specifically barred Amro from short sales of Sedona stock. Short sellers profit by selling borrowed shares and replacing them later when the stock price has fallen.

Prosecutors claim Andreas Badian directed short selling in Sedona shares in March, 2001, just before the conversion date. According to the complaint, "it appears that these short sales were designed to drive down the price of Sedona common stock," giving Amro a bigger block of stock upon conversion.

Moreover, prosecutors raised the prospect of "naked" short selling abuses in the matter, noting Amro never tendered shares to the broker within three days after the short sale, as required. As a result, the broker "failed to delivery approximately 700,000 shares of Sedona common stock that it had sold on behalf" of Amro, according to the complaint.

"Naked" short selling occurs when short sellers fail to borrow stock before engaging in short sales. The SEC proposed changes this fall to curb manipulative, naked short sales, but it has yet to act on the measure, to the dismay of companies and investors that claim to have been victimized by the practice.

Sedona, for its part, balked at the conversion and filed a counterclaim after Amro filed a civil lawsuit. Andreas Badian was less upbeat in an e-mail to his brother in Oct., 2001, saying "we set up all these elaborate structures with seperatye (sic) entities, etc., for protection, now it seems like it was all for nothing," and affords no protection.

"There is no way we can have this go into court," the e-mail continued. "Not with the records and the endless trader testimony."

Adam Hoffinger, a Washington, D.C., attorney who represents Andreas Badian , said "the criminal complaint contains virtually identical allegations to what was covered by a civil settlement with the SEC." He declined further comment.

SEC officials declined to comment.

-By Judith Burns; Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com

Updated December 10, 2003 9:23 p.m.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 9:24:32 AM

By: Good questions and Grin brothers ....

Good questions and I hope we do get some answers.

Just wondering what you have on Grin borthers.

Think I have gotten most the SEC information like that shown below.
Conectisys Corp (CNES)
Investor Principal Authority
------------------------- -------------- -------------------------
Laurus Master Fund, Ltd. Eugene Grin Eugene Grin
& David Grin & David Grin
The Keshet Fund, L.P. Abraham Grin John Clark
Keshet L.P. Abraham Grin John Clark
Laurus Master Fund, Ltd., Keshet Fund LP and Keshet LP are under common control and all shares registered hereunder may be deemed to be beneficially owned by such control person. Results of Operations We realized a net loss of $1,387,737 for the nine (9) months ending June 30, 2001 as compared to a net loss of $3,325,872 for the same nine month period in 2000. This 89% reduction was largely due to a reduction of $2,400,939 (from $2,682,623 in the first nine months of fiscal 2000 to $281,684 in the first nine months of fiscal year 2001) of common stock issued in connection with the performance of various services to the Company. We had no revenue for the first nine (9) months of the both fiscal years 2001 and 2000.

Also got information from old case that mentiones Eugene Grin, Sholam Weiss, Global Equities & Realty, and others at:
http://www.birminghambar.org/data/SlipOpinions/11thCir/01-16006.htm

You by any chance have a list handy of dog stocks that received financing from Shalom Weiss or entities associated with Shalom Weiss?? I have some from SEC forms and postings like the following.
Medical Industries changed its name to Cybercare, State Street became Stuart Taylor Financial which recommended a bogus report for saf-t-lok which Shalom Weiss Isaac Winehouse was involved in. Winehouse was also involved in mob stock SC&T. Taylor Sstuart Financial recommended CYBR three times. lol 1 buy and two reiterations on business wire . Also see Jean Johnstone in the story below. Also see James Copeland S. G. R. MacMillan: For the defence of serious criminal cases http://www.sgrm.com/mobbw1.htm Shalom Weiss controlled 2 million shares of Medical Industries of America. John Manion promoted it through insidewallstreet.com and Michael Morrell was a directer of Continental Capital & Equity according to the failed ipo attempt which can be found in SEC filings.

JURISPER HERE ARE SOME COMMENTS YOU MIGHT FIND INTERESTING THAT I RECEIVED A FEW YEARS BACK.
All of these foreign "investors" are just fronts for US citizens. They were originally created for Reg S deals. Then when that law changed CD's were invented along with 504 deals.

One key in your research needs to be "who was the placement agent for the financing?"...................Not just looking at the investors. Look at who owns World Capital Funding..................an Isle of Mann co Pegasus....................

It goes round and round

Have a good one and hope the Criminal case answers some questions,
Hunter



Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 8:55:24 AM

By: j - Would be nice to get some answers

Hopefully this might mean we get some light shed on:

- Where did the money come from? Presumably, it included US money hiding behind offshore trust entities provided by the obliging Dr Dr Batliner, BAWAG, Ultrafinanz & others. But was there other money as well?

- For the US money - whose? In the MJ Select case, you see allegations of money being filched from not-so-sophisticated Midwestern HNW's and stuffed into funds run by Stever Hicks & Valentine, players in the same kind of deals as Rhino (tho without any charges of illegal behavior). What about the Rhino money - same kind of thing, or something else?

- Who was marketing these funds to whoever the investors were? Who were the service providers - lawyers, accountants, fund administrators (if any)? Mittman & Grushko were involved in some of the deals, lawyers allegedly connected to the Mob (according to the classic 1997 Mob-on-Wall-Street Businessweek article).

- Other players. Rhino was joined by Laurus and other funds apparently controlled by the Grin brothers (Esquire, Balmore, Talbiya, Keshet etc) in quite a few deals, as I'm sure baddogone is well aware. What was the connection? Who was marketing these deals to them?

- For the MJ Select case: DM has posted on this site a version of the Nov 7 complaint by ZCM I mentioned in a previous post showing spaghetti charts of who was allegedly getting paid for delivering money to whom - lots of entities associated with an Illinois CPA called Michael Coglianese, whose main purposes are alleged to have included providing him with opportunities to collect lots of large finder etc fees along the way (as well as muddying trails). Was something similar happening here, and is there some single individual who ties everything together in the same way as is alleged of Coglianese?


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 7:01:40 AM

By: Great - baddogone (Celeste)

Looking over a PlacementTracker.com Investor Search. It is a search that was done by someone else and I not sure the exact date of the Investor Search but it had listed under Most Recent Transactions:

7/10/01 Network Commerce Inc.
7/3/01 Generex Biotechnology Corporation

Here is some information from the Investor Search for Rhino Advisors that relates to the post. I am not sure if Rhino Advisors agrees with the list.

Rhino Advisors
New York, NY - US
Number of Investments: 146
Total Dollar Amount Invested: $306,760,213
Most Active Funds: AMRO International S.A.
Great news and baddogone wanted to remind you that Celeste Trust was a Rhino fund according to a Placement Tracker list. You might want to contact authorities handling this case.

SEGMENT OF PREVIOUS POST
Favorite Sectors: Communications Technology
Favirote Industries: Internet Softward

Funds Managed by Rhino Advisors:

Fund Name /Dollar Amount Invested / % of Total Dollard Invested
AMRO International S.A. $47,956,100 16%
Austost Anstalt Schaan $11,416,668 4%
Alpha Capital Aktiengesellschaft $6,521,800 2%
Celeste Trust Reg $6,360,972 2%


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/12/2003 12:30:47 AM

By: Interesting post about Weiss and Whinehouse

ISSAC WINEHOUSE - Previous post mentioned he was President of Advisor Associates (parking place for Kraus crowd)
SEGMENT OF POST AT SILICON INVESTOR
Medical Industries changed its name to Cybercare, State Street became Stuart Taylor Financial which recommended a bogus report for saf-t-lok which Shalom Weiss Isaac Winehouse was involved in. Winehouse was also involved in mob stock SC&T. Taylor Sstuart Financial recommended CYBR three times. lol 1 buy and two reiterations on business wire . Also see Jean Johnstone in the story below. Also see James Copeland S. G. R. MacMillan: For the defence of serious criminal cases http://www.sgrm.com/mobbw1.htm Shalom Weiss controlled 2 million shares of Medical Industries of America. John Manion promoted it through insidewallstreet.com and Michael Morrell was a directer of Continental Capital & Equity according to the failed ipo attempt which can be found in SEC filings.

AND HERE WE HAVE SHALOM WEISS AGAIN (I FEEL ANOTHER INFINITE LOOP COMING).

POINTED YOU IN THE DIRECTION OF ARTICLE THAT MENTIONED SHALOM WEISS AND ONE OF THE GRIN BROTHERS (EUGENE).
Segment from document.
For example, Weiss delegated to David Schick the authority to approve the terms the Global Defendants recommended for converting non-performing mortgages into performing mortgages, and the Global Defendants repeatedly testified about Schick=s refusal to approve their recommended terms.

++++++++++++++++++++++
NOTES ON DAVID SCHICK
++++++++++++++++++++++

OBJECTION OF GARY S. FRAGIN TO THE MOTION FOR AN ORDER APPROVING TRUSTEE’S SETTLEMENT WITH ZVI TRESS AND OTHERS

United States Bankruptcy Court Southern District of New York

Chapter 11 Case No.
96 B 42902
96 B 43969
96 B 46282

In re

David Schick,
Venture Mortgage Corp.,
And A&D Trading Group LLC
Debtors.

Gary S. Fragin, a creditor of the estates of the debtors objects to approval of certain settlement agreement between Aurora Cassirer, Esq. (trustee in bankruptcy for Debtors), and Zvi Tress, Sheldon Salcman, and Lakewood Trading Group LLC.

Appears the Trustee is seeking to compromise claims with parties who have had a long, continuing and substantial relationship with David Schick. These documents raise the serious question concerning the extent to which these parties may have been complicit in the fraudulent practices perpetrated by Schick.

Turstee has utterly failed to evaluate these potential claims, while seeking to immunize Tress and Salcman from further discovery…. In fact, the Settlement would operate to rewatd Tress and Salcman by providing them with open-ended indemnities against any claims, which could be substantial and may offset any benefit realized for creditors.

The possibility that Lakewood may hold ‘fruits of the fraud’ seems apparent. Further, the Trustee also concedes that Fletcher International Inc., a Liberian corporation of which Salcman is the “authorized representative and signatory,” was a nominee, if not a conduit, for funds allegedly stolen by Schick and that Salcman took his instructions from Schick, who, in turn allegedly took orders from some unknown (and perhaps fictitious) “Schapiro” with respect to the disposition of Fletcher’s assets.

+++++++++++++++

HEARING DATE: SEPTEMBER 4, 1997
TIME: 2:00 P.M.

United States Bankruptcy Court
Southern District of New York

Chapter 11
Case Nos. 96-B-42902
96-B-43969
96-B-46282

In reply to:
David Schick,
Venture Mortgage Corp. and
A & D Trading Group LLC

The Regal Trade SA, Vavel Corp. and Chadwick Funding Co., hereby object to the motion (Trustee’s Motion) seeking Court approval of the proposed compromise and settlement among the Chapter 11 Trustee of the Estates of David Schick, Venture Mortgage Corp. and A&D Trading Group LLC and Zvi Tress, Sheldon Salcman and Lakewood Trading Group LLC.

The above-captioned bankruptcy proceeding arises out of Schick’s Ponzi styled scheme of fraud accomplished by means of attorney escrow accounts resulting in estimated loss to creditors of $130 million.

The Trustee has failed to fully address the nature and/or extent of the involvement, if any, of Salcman or Tress in the Ponzi scheme operated by Schick.

The Trustee has admitted that she has not undertaken the necessary investigation to confirm or refute the validity of the $1,800,000 Proof of Claim filed by Lakewood.

Proof of Claim is signed by Phillip L. Guarino as Attorney-In-Fact (for Lakewood); defective in that there is no indication as to who purportedly executed the Power of Attorney on behalf of Lakewood.

Trustee is relying upon a Feb. 2, 1995 Memorandum as the basis for believing that Salcman has the authority to transfer the assets of Fletcher International Inc. to her, the Trustee has admitted that Salcman has never met with Chaim Shapiro, who is identified in the Memorandum as the ‘principal of Fletcher’, nor can Salcman confirm that Mr. Shapiro actually exists.

Pro Forma Resolution of Fletcher makes no mention of Mr. Shapiro but refers to R.C. Luzaan, Inc the Chair (representing Alton Management SA).

Salcman, in his alleged capacity as an Authorized Signatory for Dale Enterprises SA, filed a Proof of Claim in the Venture Mortgage Fund LP Chapter 11 Proceeding which was dependent of the outcome of an Adversary Proceeding.

Michael Konig – on or about April 15, 1996 made a secured loan in the sum of $3,000,000.00 to David Schick and FBW Renaissance Ltd, a corporation of which Schick was President.

Wire instructions included a transfer of $750,000 to the account of Gary Fragin. Konig had no knowledge that any portion of the proceeds were to be transferred to Mr. Fragin, nor had he ever before heard of him.

++++++++++++++++


David Schick – Ramlu Trading

NOTE (*** RAMLU TRADING TIES TO MOSI KRAUS ***)


UNIFORM COMMERCIAL CODE REPORT

Information Current Through: 10-17-2003

Database Last Updated: 10-24-2003

Update Frequency: Weekly
Current Date: 10/25/2003

Source: NY SECRETARY OF STATE

FILING INFORMATION

Filing Number: 95160259

Filing Date: 08/07/1995

Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION

162 WASHINGTON AVE

ALBANY, NY 12210

DEBTOR INFORMATION

Debtor(s): SCHICK, DAVID

16 EAST 34TH STREET

NEW YORK, NY 10016

D&B DUNS Number: 79-160-0232
SECURED PARTY OR CREDITOR INFORMATION

Secured Party: RAMLU TRADING CORP.

184 KENT AVENUE

BROOKLYN, NY 11211

COLLATERAL INFORMATION

Collateral Type: ALL OF THE RIGHT, TITLE AND INTEREST

++++++++++++++++

(***** AND DON'T FORGET SHELDON SALCMAN ****)
Address used: 620 Wilson Avenue, Suite 501 in Toronto Canada

ASSIF S.A. Cash Finder's Fees payable in
A Marshall Islands corporation connection with investments by
620 Wilson Avenue, Suite 501 Zakeni Limited.
Toronto, Ontario, Canada
M3K 1Z3
Fax: 416-638-5023
----------------------------------------------------------------------------------------------------------------------
ZAKENI LIMITED Warrant Exercise
A Bahamian corporation Compensation payable in
Baarerstrasse 73 connection with investments
Postfach 2515 by Zakeni Limited.
6302, Zug, Switzerland
Fax: 011-4141-727-5080

EDGAR-ONLINE – 620 Wilson Ave

Remote MDX Inc – 10KSB – 1/13/2000

Name and Address Shares of Common Stock
of Beneficial Owner (1) Beneficially Owned (2) Percentage of Class
----------------------- ---------------------- -------------------

5% Beneficial Owners

Cygni S A 152,308 5.3%
C/O Soreq Inc.
620 Wilson Ave Ste 501
Toronto Ontario Canada
M3K 1Z3

WINDING IT BACK UP - Austost, Balmore, Zakeni
Pro Tech Communications Inc – 10-Q – 8/13/2001
Name of Holder Address Number of Series A Shares Owned
-------------- ---------------------- --------------------------------

Austost Anstalt Schaan 7440 Fuerstentum 35
Landstrasse 163
Vaduz, Lichtenstein

Balmore Funds S.A. Trident Chambers 35
P.O. Box 146
Road Town
Tortola, BVI

Zakeni Limited 620 Wilson Ave., Suite 501 19
Toronto, Canada
M3K1Z


Nevada Manhattan Group Inc. – 10KSB – 4/10/2000

Francis Parkes, Dr. Joe C. Rude III, Christopher D. Michaels and Nevada Manhattan Mining, Inc. v. Sheldon Salcman, Arie Rabinowitz, Mayer Rooz, Thomson Kernaghan & Co. Limited, Soreq, Inc., Silenus Limited, Mary Park Properties, L.H. Financial Services, Austost Anstalt Schaan, Tusk Investments, Inc., Top Holding International, Ltd., Praha Investments S.A., UFH Endowment, Ltd., Atead Consulting S.A., and Ausinvest Anstalt Balzers, (Case No. 98-5624 JSL(CTx) (the "Securities Action") was filed in United States District Court for the Central District of California (the "Court") on July 14, 1998 on behalf of the Company and Francis Parkes, Dr. Joe C. Rude and Christopher D. Michaels, who are individual Company shareholders.

AND STILL WINDING - SOME OF TTR SHAREHOLDERS
Wall & Broad Equities (think Issac Winehouse)
Blumfield Investment Inc. (think Kraus)
Wayne Invest & Trade (Kraus)
Madison Trading (think Issac Winehouse)
Cygni SA

AND ON AND ON AND ON.....

Enjoy jurisper. Don't usually have any company in my infinite loops.
Hunter





Anonymous
Posted: Friday, August 12, 2011

Posted: 12/12/2003 12:30:42 AM

By: Interesting post about Weiss and Whinehouse

ISSAC WINEHOUSE - Previous post mentioned he was President of Advisor Associates (parking place for Kraus crowd)
SEGMENT OF POST AT SILICON INVESTOR
Medical Industries changed its name to Cybercare, State Street became Stuart Taylor Financial which recommended a bogus report for saf-t-lok which Shalom Weiss Isaac Winehouse was involved in. Winehouse was also involved in mob stock SC&T. Taylor Sstuart Financial recommended CYBR three times. lol 1 buy and two reiterations on business wire . Also see Jean Johnstone in the story below. Also see James Copeland S. G. R. MacMillan: For the defence of serious criminal cases http://www.sgrm.com/mobbw1.htm Shalom Weiss controlled 2 million shares of Medical Industries of America. John Manion promoted it through insidewallstreet.com and Michael Morrell was a directer of Continental Capital & Equity according to the failed ipo attempt which can be found in SEC filings.

AND HERE WE HAVE SHALOM WEISS AGAIN (I FEEL ANOTHER INFINITE LOOP COMING).

POINTED YOU IN THE DIRECTION OF ARTICLE THAT MENTIONED SHALOM WEISS AND ONE OF THE GRIN BROTHERS (EUGENE).
Segment from document.
For example, Weiss delegated to David Schick the authority to approve the terms the Global Defendants recommended for converting non-performing mortgages into performing mortgages, and the Global Defendants repeatedly testified about Schick=s refusal to approve their recommended terms.

++++++++++++++++++++++
NOTES ON DAVID SCHICK
++++++++++++++++++++++

OBJECTION OF GARY S. FRAGIN TO THE MOTION FOR AN ORDER APPROVING TRUSTEE’S SETTLEMENT WITH ZVI TRESS AND OTHERS

United States Bankruptcy Court Southern District of New York

Chapter 11 Case No.
96 B 42902
96 B 43969
96 B 46282

In re

David Schick,
Venture Mortgage Corp.,
And A&D Trading Group LLC
Debtors.

Gary S. Fragin, a creditor of the estates of the debtors objects to approval of certain settlement agreement between Aurora Cassirer, Esq. (trustee in bankruptcy for Debtors), and Zvi Tress, Sheldon Salcman, and Lakewood Trading Group LLC.

Appears the Trustee is seeking to compromise claims with parties who have had a long, continuing and substantial relationship with David Schick. These documents raise the serious question concerning the extent to which these parties may have been complicit in the fraudulent practices perpetrated by Schick.

Turstee has utterly failed to evaluate these potential claims, while seeking to immunize Tress and Salcman from further discovery…. In fact, the Settlement would operate to rewatd Tress and Salcman by providing them with open-ended indemnities against any claims, which could be substantial and may offset any benefit realized for creditors.

The possibility that Lakewood may hold ‘fruits of the fraud’ seems apparent. Further, the Trustee also concedes that Fletcher International Inc., a Liberian corporation of which Salcman is the “authorized representative and signatory,” was a nominee, if not a conduit, for funds allegedly stolen by Schick and that Salcman took his instructions from Schick, who, in turn allegedly took orders from some unknown (and perhaps fictitious) “Schapiro” with respect to the disposition of Fletcher’s assets.

+++++++++++++++

HEARING DATE: SEPTEMBER 4, 1997
TIME: 2:00 P.M.

United States Bankruptcy Court
Southern District of New York

Chapter 11
Case Nos. 96-B-42902
96-B-43969
96-B-46282

In reply to:
David Schick,
Venture Mortgage Corp. and
A & D Trading Group LLC

The Regal Trade SA, Vavel Corp. and Chadwick Funding Co., hereby object to the motion (Trustee’s Motion) seeking Court approval of the proposed compromise and settlement among the Chapter 11 Trustee of the Estates of David Schick, Venture Mortgage Corp. and A&D Trading Group LLC and Zvi Tress, Sheldon Salcman and Lakewood Trading Group LLC.

The above-captioned bankruptcy proceeding arises out of Schick’s Ponzi styled scheme of fraud accomplished by means of attorney escrow accounts resulting in estimated loss to creditors of $130 million.

The Trustee has failed to fully address the nature and/or extent of the involvement, if any, of Salcman or Tress in the Ponzi scheme operated by Schick.

The Trustee has admitted that she has not undertaken the necessary investigation to confirm or refute the validity of the $1,800,000 Proof of Claim filed by Lakewood.

Proof of Claim is signed by Phillip L. Guarino as Attorney-In-Fact (for Lakewood); defective in that there is no indication as to who purportedly executed the Power of Attorney on behalf of Lakewood.

Trustee is relying upon a Feb. 2, 1995 Memorandum as the basis for believing that Salcman has the authority to transfer the assets of Fletcher International Inc. to her, the Trustee has admitted that Salcman has never met with Chaim Shapiro, who is identified in the Memorandum as the ‘principal of Fletcher’, nor can Salcman confirm that Mr. Shapiro actually exists.

Pro Forma Resolution of Fletcher makes no mention of Mr. Shapiro but refers to R.C. Luzaan, Inc the Chair (representing Alton Management SA).

Salcman, in his alleged capacity as an Authorized Signatory for Dale Enterprises SA, filed a Proof of Claim in the Venture Mortgage Fund LP Chapter 11 Proceeding which was dependent of the outcome of an Adversary Proceeding.

Michael Konig – on or about April 15, 1996 made a secured loan in the sum of $3,000,000.00 to David Schick and FBW Renaissance Ltd, a corporation of which Schick was President.

Wire instructions included a transfer of $750,000 to the account of Gary Fragin. Konig had no knowledge that any portion of the proceeds were to be transferred to Mr. Fragin, nor had he ever before heard of him.

++++++++++++++++


David Schick – Ramlu Trading

NOTE (*** RAMLU TRADING TIES TO MOSI KRAUS ***)


UNIFORM COMMERCIAL CODE REPORT

Information Current Through: 10-17-2003

Database Last Updated: 10-24-2003

Update Frequency: Weekly
Current Date: 10/25/2003

Source: NY SECRETARY OF STATE

FILING INFORMATION

Filing Number: 95160259

Filing Date: 08/07/1995

Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION

162 WASHINGTON AVE

ALBANY, NY 12210

DEBTOR INFORMATION

Debtor(s): SCHICK, DAVID

16 EAST 34TH STREET

NEW YORK, NY 10016

D&B DUNS Number: 79-160-0232
SECURED PARTY OR CREDITOR INFORMATION

Secured Party: RAMLU TRADING CORP.

184 KENT AVENUE

BROOKLYN, NY 11211

COLLATERAL INFORMATION

Collateral Type: ALL OF THE RIGHT, TITLE AND INTEREST

++++++++++++++++

(***** AND DON'T FORGET SHELDON SALCMAN ****)
Address used: 620 Wilson Avenue, Suite 501 in Toronto Canada

ASSIF S.A. Cash Finder's Fees payable in
A Marshall Islands corporation connection with investments by
620 Wilson Avenue, Suite 501 Zakeni Limited.
Toronto, Ontario, Canada
M3K 1Z3
Fax: 416-638-5023
----------------------------------------------------------------------------------------------------------------------
ZAKENI LIMITED Warrant Exercise
A Bahamian corporation Compensation payable in
Baarerstrasse 73 connection with investments
Postfach 2515 by Zakeni Limited.
6302, Zug, Switzerland
Fax: 011-4141-727-5080

EDGAR-ONLINE – 620 Wilson Ave

Remote MDX Inc – 10KSB – 1/13/2000

Name and Address Shares of Common Stock
of Beneficial Owner (1) Beneficially Owned (2) Percentage of Class
----------------------- ---------------------- -------------------

5% Beneficial Owners

Cygni S A 152,308 5.3%
C/O Soreq Inc.
620 Wilson Ave Ste 501
Toronto Ontario Canada
M3K 1Z3

WINDING IT BACK UP - Austost, Balmore, Zakeni
Pro Tech Communications Inc – 10-Q – 8/13/2001
Name of Holder Address Number of Series A Shares Owned
-------------- ---------------------- --------------------------------

Austost Anstalt Schaan 7440 Fuerstentum 35
Landstrasse 163
Vaduz, Lichtenstein

Balmore Funds S.A. Trident Chambers 35
P.O. Box 146
Road Town
Tortola, BVI

Zakeni Limited 620 Wilson Ave., Suite 501 19
Toronto, Canada
M3K1Z


Nevada Manhattan Group Inc. – 10KSB – 4/10/2000

Francis Parkes, Dr. Joe C. Rude III, Christopher D. Michaels and Nevada Manhattan Mining, Inc. v. Sheldon Salcman, Arie Rabinowitz, Mayer Rooz, Thomson Kernaghan & Co. Limited, Soreq, Inc., Silenus Limited, Mary Park Properties, L.H. Financial Services, Austost Anstalt Schaan, Tusk Investments, Inc., Top Holding International, Ltd., Praha Investments S.A., UFH Endowment, Ltd., Atead Consulting S.A., and Ausinvest Anstalt Balzers, (Case No. 98-5624 JSL(CTx) (the "Securities Action") was filed in United States District Court for the Central District of California (the "Court") on July 14, 1998 on behalf of the Company and Francis Parkes, Dr. Joe C. Rude and Christopher D. Michaels, who are individual Company shareholders.

AND STILL WINDING - SOME OF TTR SHAREHOLDERS
Wall & Broad Equities (think Issac Winehouse)
Blumfield Investment Inc. (think Kraus)
Wayne Invest & Trade (Kraus)
Madison Trading (think Issac Winehouse)
Cygni SA

AND ON AND ON AND ON.....

Enjoy jurisper. Don't usually have any company in my infinite loops.
Hunter





Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 11:58:49 PM

By: Before Abramo .....

Before Abramo became involved with SC&T International there was the Kraus crowd.

SC&T International now Hot Products Inc. Com (HPIC)
SOME 1996 SHAREHOLDERS
Maslo Fund Ltd.
Cummins Investments Ltd – may be reached Eilenberg & Zivian
Star High Yield Investment Management

Lawfirm of Eilenberg & Zivian (assume it is/was a lawfirm) was a favorite address for the Kraus crowd before Advisor Associates Inc.

SC&T International now Hot Products Inc. Com (HPIC)
SOME 1996 SHAREHOLDERS
Maslo Fund Ltd.
Cummins Investments Ltd – may be reached Eilenberg & Zivian
Star High Yield Investment Management

SYQUEST TECHNOLOGIES
Following entities shareholders at
Eilenberg & Zivian
666 Third Avenue, 30th Floor
New York, NY
Burnstein & Lindsay Securities Corp. – Atty. In Fact: Mosi Kraus
Futures Brokerage Inc. – Atty. In Fact: Simche Hecht
Tula Business Inc. – Atty. In Fact: Josef Goldenberg
Maslo Fund Ltd – Atty. In Fact: Minna Ledereich
Black Inc. – Atty. In Fact: Simche Hecht
IBNS Manufacturing Co. – Atty. In Fact: Natam Brach

Shopping.Com - June 22, 1998
SECURITIES PURCHASE AGREEMENT
Method of Payment
Payment into escrow:
Bank of New York
Credit to account of Krieger & Prager

Escrow Agent: Krieger & Prager, Esqs.
319 Fifth Avenue
New York, NY

Initial Investor: Star High Yield Investment Management
Attorney in fact: Simche Hecht
Initial Investor: Chesterfield Capital Resources Ltd.
Initial Investor: Wayne Invest & Trade Inc.
Attorney in fact: Mosi Kraus
Initial Investor: Maslo Fund Ltd.
Attorney in fact: Minna Ledereich
Initial Investor: Burstein & Lindsay Securities Corp.
Attorney in fact: Mosi Kraus
IN WITNESS WHEREOF

Printed Name of Subscriber: Star High Yield Investment Management
Jurisdiction: Panama
c/o Advisor Associates Inc.
1575 45th St.
Brooklyn NY 11219
(71 972-6400
Attorney in fact: Simche Hecht

SEGMENT OF POST AT RAGINGBULL
REMEMBER ISAAC WINEHOUSE IN NVEI'S SEC FILING. SAID HE WAS PRESIDENT OF ADVISORS ASSOCIATES INC

Not sure of name of Company but here have Kraus entities using Advisory Associates Inc.
Printed Name of Subscriber: Wayne Invest & Trade Inc.
Jurisdiction: Panama
c/o Advisor Associates Inc.
1575 45th St.
Brooklyn NY 11219
(71 972-8400
Attorney in fact: Mosi Kraus
Printer Name of Subscriber: Maslo Fund Ltd.
Jurisdiction: Republic of the Marshall Island
c/o Advisor Associates Inc.
1575 45th St.
Brooklyn NY 11219
(71 972-6400
Director: Minna Ledereich
(* EdgarOnline "Minna Ledereich" hits - Shopping.Com; Syquest Technology Inc; Ambient Corp /NY; Packaging Plus Services Inc. *)

Printer Name of Subscriber: Burstein & Lindsay Securities Corp.
c/o Advisor Associates Inc.
1575 45th St.
Brooklyn NY 11219
(71 972-6400
Attorney in fact: Mosi Kraus

SYQUEST TECHNOLOGY INC - using Eilenberg & Zivian
Shares Purchase Agreement - 8-K/A - For 10/31/96
Burnstien & Lindsay Securities Corp.
c/o Eilembers & Zivian
666 Third Avenue, 30th floor
New York, NY
Attorney in Fact: Mosi Kraus

(* NOTE: Simche Hecht, Minna Ledereich, Josef Goldenberg, Mosi Kraus, and Natam Brach with Eilenberg & Zivian *)

Pick One, like Simcha Hecht and keep unwinding and unwinding and unwinding ....
Prime Preferred Properties Inc. - NV Corporation
File Number: C3143-1998
State: NV
Incorporated On: February 13, 1998
Status: Current list of officers on file
Resident Agent: State Agent & Transfer Syndicate
202 N Curry St #100
Carson City NV
President, Secretary, Treasurer: Nathan E. Schwartz
Name: PRIME PREFERRED PROPERTIES, INC.
Corporate ID Number: C031430X-1998
Filing State: NV
Type: REGULAR

Address Type: REG. AGENT ADDRESS
Name: GIL SIRENI
Address: 800 BERING #310HOUSTON, NV 77057

Address Type: REG. AGENT ADDRESS
Name: NATHAN E SCHWARTZ
Address: 202 N CURRY ST STE 100CARSON CITY, NV 89703

Address Type: REG. AGENT ADDRESS
Name: NATHAN E SCHWARTZ
Address: 202 N CURRY ST STE 100CARSON CITY, NV 89703

Address Type: REG. AGENT ADDRESS
Name: NATHAN E SCHWARTZ
Address: 800 BERING #310HOUSTON, NV 77057

Address Type: REG. AGENT ADDRESS
Name: SIMCHA HECHT
Address: 202 N CURRY ST STE 100CARSON CITY, NV 89703
Address Type: REG. AGENT ADDRESS
Name: SIMCHA HECHT
Address: 800 BERING #310HOUSTON, NV 77057

Address Type: REG. AGENT ADDRESS
Name: STATE AGENT & TRANSFER SYNDICATE
Address: 202 N CURRY ST #100CARSON CITY, NV 89703

Address Type: REG. AGENT ADDRESS
Name: STATE AGENT & TRANSFER SYNDICATE
Address: 318 NORTH CARSON STREETSUITE 214CARSON CITY, NV 89701
Address Type: REG. AGENT ADDRESS
Name: STATE AGENT & TRANSFER SYNDICATE
Address: SUITE 214318 NORTH CARSON STREETCARSON CITY, NV 89701

Address Type: REG. AGENT ADDRESS
Name: STATE AGENT AND TRANSFER SYNDICATE
Address: STE 214318 N CARSON STCARSON CITY, NV 89701

Officer Name: GIL SIRENI
Title: SECRETARY
Address: 800 BERING #310HOUSTON, NV 77057
Officer Name: GIL SIRENI
Title: TREASURER
Address: 800 BERING #310HOUSTON, NV 77057

Officer Name: NATHAN E SCHWARTZ
Title: PRESIDENT
Address: 800 BERING #310HOUSTON, NV 77057

Officer Name: NATHAN E SCHWARTZ
Title: SECRETARY
Address: 800 BERING #310HOUSTON, NV 77057

Officer Name: NATHAN E SCHWARTZ
Title: TREASURER
Address: 800 BERING #310HOUSTON, NV 77057
Officer Name: SIMCHA HECHT
Title: PRESIDENT
Address: 800 BERING #310HOUSTON, NV 77057

Officer Name: STATE AGENT & TRANSFER SYNDICATE
Title: REG AGENT
Address: 318 NORTH CARSON STREETSUITE 214CARSON CITY, NV 89701

Officer Name: STATE AGENT & TRANSFER SYNDICATE
Title: REG AGENT
Address: SUITE 214318 NORTH CARSON STREETCARSON CITY, NV 89701
Officer Name: STATE AGENT AND TRANSFER SYNDICATE
Address: STE 214318 N CARSON STCARSON CITY, NV 89701

+++++++++++++++++++++++
NOW WIND IT BACK UP
AND YOU ARE STUCK IN AN
INFINITE LOOP
+++++++++++++++++++++++
See file NewMedEnterp.wrd for list of shareholders
Samuel Friedman - 750,000
Samuel Friedman is brother to Ethel Schwartz
Barbara R. Mittman - 50,000
Herman & Judy Friedman - 200,000
Paril Holding - 50,000
Israel Bornstein is director of Passy Holding
Josef Goldenberg has investment control of Paril Holding
Barbara R. Mittman is attorney for New Medium Enterprises Inc.
Nathan Schwartz - 500,000
Martin Schwartz - 500,000

See file ImageTech.wrd for shareholders in Aqua Clara
Passey Holding - control person is Ethel Schwartz
See file EthelSchwartzPacer.wrd














Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 11:21:41 PM

By: jurisper

Other finder/placement/broker-type names: Arie Rabinowitz, LH Financial and Libra Finance.

Whenever you drill down into these deals, of course you quickly get snared in a web of familiar names shifting in & out of relationships from deal to deal.

Eg, from a quick look at Mooney Aerospace, particularly the subscription agreement appended to their 9/30/01 10-Q.

Mooney is an AMRO deal; LH Financial (http://www.lhfin.com) is an investor; Rabinowitz has been a VP of LH and is a director of Mooney; recent Mooney filings show Rabinowitz and Libra as "consultants" under an agreement covering them and others.

LH & Rabinowitz get mentioned in connection with other toxic financings also.

Libra is/was pretty closely associated with Laurus in many of these deals: eg, from TLXX's SB-2/A from 2001:

"These finders were Alon Enterprises Ltd., The Bodie Investment Group, and Libra Finance, S.A. These finders assisted us only in locating new investors under our former equity line agreement ... We paid an aggregate of approximately $275,000 in finders fees and commissions to Alon Enterprises Ltd., Bodie Investment Group, and Libra Finance S.A. in connection with the credit line with Laurus Funds, Ltd."

Back to Mooney: it seems to have been a picnic-stock for many of the usual suspects in these deals. The subscription agreement refrred to above lists them all & their finders. Too long to give here, but some highlights:

- "Investors" that I recognize include Alpha Capital (good ole Barry Herman used to front this), Stonestreet (Valentine), Bear Stearns (worth looking into), AMRO, Endeavour, Shaar Fund. Plus Barabara Mittman.

- Finders I recognize include Libra & Lucrative Investments, plus the investors paying themsleves finders fees.

As always when you look at these things, reinforces the impression of a big feeding frenzy by a loose confederation of goombahs, taking fees all over the place. Presumably a lot of this is smoke, disguising common control & ownership in many cases. But you never get a clear sense of who the "kingpin" is, if there is one.

If I had to guess: Phil Abramo, or a successor, or somebody above him, or something. Fun to make up stories: Jimmy Hoffa still alive & playing the pennies in his dotage, maybe


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 8:40:09 PM

By: jurisper

Hunter - Nothing on Weiss & the Grins you wouldn't have, I think. I'd missed the Weiss/Eugene Grin connection - thanks for that!

Brokers & placement agents: The broker most closely associated with Rhino seems to have been Westminster Securities. Shared addresses with Rhino and/or Rhino funds according to some filings. Bloomberg used to list Rhino's address as being the same as Westminster's. Westminster is a defendant in the Sedona civil case.

http://www.westminsterusa.com/main.html

FWIW, Westminster used to be part of Laidlaw Global (AMEX:GLL), bought out by management around May 2001. GLL has all sorts of messy history, including allegations of possible criminal stuff by former auditor Grant Thornton, giving rise to an on-going formal SEC investigation. None of this mentions Westminster in particular, AFAIK.

The placement agent most often mentioned in connection with Rhino is Ladenburg Thalman (AMEX: LTS). They were, I think, the agent in the Sedona deal, and they are a defendant in its civil case.

Berliner Effektengesellschaft AG is a major shareholder in LTS. I recall the original DailyDeal articles back in 2000 (?) had some kind of story about Berliner being connected with Batliner in some perhaps tenuous way (as well as discussion of high level of trading by Westminster in SDNA). These DailyDeal articles used to be available at the marcosbillions.com site, which doesn't seem to be up any more - unfortunately, the site has a robots.txt esclusion so there's no archive of it at www.archive.org.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/11/2003 1:36:39 PM

By: baddogone0

So who was new york broker for the 'badians',or should I say the 'al badians',and who were the major 'market makers' they dumped through ? Was Schwab Capital one ?
Yeah,Dukturplasticman Summers,OF ENDOVASC,who are the terrorists ? Where's James Dale Davidson in all of this ?



BELOW FROM OTCFORMS,UCSY BOARD:
ucsy,alexander walker and amro,etc.
the_worm06

Posted: Dec 11 2003, 11:47 AM


http://www.secinfo.com/d122ap.26d.htm#15th


Universal Communication Systems Inc · 10KSB · For 9/30/2
Filed On 2/14/3 · SEC File 0-30405 · Accession Number 1116502-3-194


ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information regarding beneficial
ownership of our common stock as of December 30, 2002, by:

o each person who is known by us to own beneficially more than
5% of the outstanding shares of our common stock;

o each of our directors; and

o all our directors and executive officers as a group.

Applicable ownership is based on 7,209,155 shares of common stock
outstanding as of December 30, 2002. Beneficial ownership is determined in
accordance with the rules of the SEC. Shares of common stock subject to options
or warrants that are presently exercisable or exercisable within 60 days of
December 30, 2002 are deemed outstanding for the purpose of computing the
percentage ownership of the person or entity holding options or warrants, but
are not treated as outstanding for the purpose of computing the percentage
ownership of any other person or entity.

The persons listed below have sole voting and investment power with
respect to all shares of common stock shown as being beneficially owned by them,
subject to community property laws, where applicable. The number of shares
column in the table includes shares issuable upon exercise of options and
warrants exercisable within 60 days of December 30, 2002. The number of options
and warrants exercisable within 60 days of December 30, 2002 are listed in the
shares issuable upon exercise of options or warrants column. The address of all
directors and officers is care of Universal Communication Systems, Inc., 407
Lincoln Road, Suite 6K, Miami Beach, Florida 33139.

19

10KSB 20th Page of 50 TOC 1st Previous Next Bottom Just 20th
· Download Table

Shares Issuable
Name of Named Executive Officer, Number of Percentage Upon Exercise of
Director, or Beneficial Owner Shares Ownership Options or Warrants
------------------------------ -------- ---------- ------------------

Michael J. Zwebner (4) 119,358 (1) 1.7% 0

Alexander Walker, Jr. (4) 57,000 * 0

Ramsey Sweis (4) 58,061 * 1,600 (2)

Curtis Orgil (4) 51,000 * 0

Executive Officers and Directors 285,419 4.0%
as a Group

Amro International S. A. 2,513,530 34.87% 16,463 (3)
c/o Ultra Finance Ltd.
Grossmuenster Platz 26,
Zurich, Switzerland CH8022

Esquire Trading & Finance Inc. 1,151,000 15.97% 0
Schutzengelstrasse 36
Baar, Switzerland CH6342

-------------------------------------------
* Less than 1%

(1) Includes 23 shares beneficially held by Overseas Communications Limited
and 115,943 shares beneficially held by Overseas Development Holdings
Limited.

(2) The 1,600 shares subject to options are immediately exercisable.

(3) Represents shares convertible under convertible debentures held.

(4) The address of each such person is c/o the Company, 407 Lincoln Rd., Ste
6K, Miami Beach, FL 33140


Elite Member


Group: Members
Posts: 666
Member No.: 264
Joined: 28-April 03


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 9:06:27 PM

By: j - Tks Hunter - that'll keep me busy

n/t


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 8:31:00 PM

By: thomas is a scared dog

He is in Austria scared and worried.If they start looking at all of his deals then big trouble.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 7:32:48 PM

By: putchny

This investigation has only started. Look out for more charges against MM's and brokers.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 6:34:00 PM

By: crundodelmundo

I hear Mr.Winehouse isn't sleeping well since the Badian charges were laid.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 6:17:18 PM

By: crundodelmundo

What about Isacc Winehouse ?


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/13/2003 8:42:52 AM

By: LeoLion

A reminder of Sedona's defendants:

UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT
OF NEW YORK
:
No. 03 CV 3120 (KMW) First Amended Complaint and Jury Demand, July 15, 2003

SEDONA CORPORATION, :
a Pennsylvania Corporation :
: COMPLAINT AND
: JURY DEMAND
Plaintiff, :
:
- against - :
:
LADENBURG THALMANN & CO., INC.;
PERSHING, LLC;
WESTMINSTER SECURITIES CORPORATION; :
WM. V. FRANKEL & CO., INC.;
RHINO ADVISORS, INC.;
MARKHAM HOLDINGS LIMITED;
ASPEN INTERNATIONAL LTD.;
THE CUTTYHUNK FUND LIMITED c/o OPTIMA FUND MANAGEMENT L.P.; :
THE GEORGE S. SARLO 1995 CHARITABLE REMAINDER TRUST;
AMRO INTERNATIONAL, S.A.;
ROSEWORTH GROUP LIMITED;
CAMBOIS FINANCE INC.;
ULTRAFINANZ AG;
DR. DR. BATLINER & PARTNER;
CREON MANAGEMENT, S.A.
THOMAS BADIAN;
THOMAS TOHN; :
DAVID BORIS;
MICHAEL VASINKEVICH;
JOSEPH A. SMITH
DAVID SIMS;
H. U. BACHOFEN;
HANS GASSNER;
DR. DR. HERBERT BATLINER;
J. DAVID HASSAN;
ANTHONY L.M. INDER REIDEN;
GEOFFREY M. LEWIS
and JOHN DOES 1 to 150 Defendants, :
---------------------------------------------------------------------x

I. PARTIES, JURISDICTION, AND VENUE
1. Plaintiff SEDONA Corporation (“SEDONA”) is a Pennsylvania corporation, with its principal place of business in King of Prussia, Pennsylvania.
2. Defendant Ladenburg Thalmann & Co., Inc. (“Ladenburg”) is a Delaware corporation and may be served with process through its registered agent, Joseph Giovanniello, Jr. General Counsel, at its principal place of business at 590 Madison Avenue, New York, New York 10022.
3. Defendant Pershing, LLC (“Pershing”) is a Delaware corporation and may be served with process through its registered agent or through any officer at its principal place of business at One Pershing Plaza, Jersey City, New Jersey 07399.
4. Defendant Westminster Securities Corporation (“Westminster”) is a New York corporation and may be served at its principal place of business at 100 Wall Street, New York, NY 10005.
5. Defendant Wm. V. Frankel & Co., Inc. (“Frankel”) is a New Jersey corporation and may be served upon Eugene P. Torpey, Vice President, at its principal place of business at 30 Montgomery St., Jersey City, NJ 07302.
6. Defendant Rhino Advisors, Inc. (“Rhino”) is a New York corporation and may be served with process through its registered agent, National Registered Agents Inc., 875 Avenue of the Americas, Suite 501, New York, NY 10001, or through any officer at its principal place of business at 130 W. 29th St., 5th Floor, New York, NY 10022.
7. Defendant Markham Holdings Limited (“Markham”), is a foreign business entity that does business in the United States, and may be served with process upon David Hassan, President, at its principal place of business at Suite 7B and 8B, 50 Town Range, Gibraltar.
8. Defendant Aspen International Ltd. (“Aspen”) is a foreign business entity doing business in the United States and may be served with process at its principal place of business at Charlotte House, Charlotte Street, Nassau Bahamas.
9. Defendant The Cuttyhunk Fund Limited c/o Optima Fund Management L.P. (“Cuttyhunk”) is a Bermuda corporation that does business in the United States and may be served with process at its principal place of business at 10 East 53rd Street, New York, NY.
10. Defendant The George S. Sarlo 1995 Charitable Remainder Trust (“Sarlo”) is a California Trust and may be served with process at its principal place of business at 750 Battery Street, 7th Floor, Suite 700, San Francisco, CA 94111.
11. Defendant Amro International, S.A. (“Amro”) is a foreign business entity doing business in the United States and may be served with process at its principal place of business in care of Ultra Finanz, PO Box 4401 Ch-8022, Zurich, Switzerland.
12. Defendant Roseworth Group Limited (“Roseworth”) is a foreign business entity doing business in the United States and may be served with process in care of Rhino Advisors, Inc., 130 West 29th Street, 5th Floor, New York, New York 10022.
13. Defendant Cambois Finance Inc. (“Cambois”) is a foreign business entity doing business in the United States and may be served with process in care of Rhino Advisors, Inc., 130 West 29th Street, 5th Floor, New York, New York 10022.
14. Defendant UltraFinanz AG ("UltraFinanz") is a foreign business entity doing business in the United States and may be served with process at its principal place of business at PO Box 4401 Ch-8022, Zurich, Switzerland.
15. Defendant Dr. Dr. Batliner & Partner (“Batliner Partners”) is a foreign business entity doing business in the United States and may be served with process at its principal place of business at Aeulestrasse 74, FL-9490 Vaduz, Lichtenstein.
16. Defendant Creon Management, S.A. (“Creon”) is a British Virgin Islands corporation doing business in the United States and may be served with process at its principal place of business at
17. Defendant Thomas Badian (“Badian”) is an individual who may be served with process at his principal place of business at Rhino Advisors, Inc., 130 W. 29th Street, 5th Floor, New York, New York 10022.
18. Defendant Thomas Tohn (“Tohn”) is an individual who may be served with process at his principal place of business at Ladenburg Thalmann & Co., at 590 Madison Avenue, New York, New York 10022.
19. Defendant David Boris (“Boris”) is an individual who may be served at his principal place of business at Morgan Joseph & Co. Inc., 600 Fifth Avenue, New York, New York 10020.
20. Defendant Michael Vasinkevich (“Vasinkevich”) is an individual who may be served at his principal place of business at Rodman & Renshaw, Inc. at 330 Madison Avenue, 27th Floor, New York, New York 10017.
21. Defendant Joseph A. Smith ("Smith") is an individual who may be served with process at his principal place of business at Ladenburg Thalmann & Co., at 590 Madison Avenue, New York, New York 10022.
22. Defendant David Sims (“Sims”) is a natural person and believed to be a citizen of the British Virgin Islands. Sims can be served in care of Beacon Fund Advisors at Harbour House, 2nd Floor, Waterfront Drive, Post Office Box 972, Road Town, Tortola, British Virgin Islands.
23. Defendant H. U. Bachofen (“Bachofen”) is an individual who may be served at his principal place of business in care of UltraFinanz, PO Box 4401 Ch-8022, Zurich, Switzerland.
24. Defendant Hans Gassner (“Gassner”) is an individual who may be served at his principal place of business in care of Dr. Dr. Batliner & Partners, Aeulestrasse 74, FL-9490 Vaduz, Lichtenstein.
25. Defendant Dr. Dr. Batliner (“Batliner”) is an individual who may be served at his principal place of business in care of Dr. Dr. Batliner & Partners, Aeulestrasse 74, FL-9490 Vaduz, Lichtenstein.
26. Defendant J. David Hassan (“Hassan”) is an individual who may be served at his principal place of business in care of Markham Holdings Limited, Suite 7B and 8B, 50 Town Range, Gibraltar.
27. Defendant Anthony L.M. Inder Rieden (“Rieden”) is an individual who may be served at his principal place of business in care of Aspen International Ltd., Charlotte House, Charlotte Street, Nassau Bahamas.
28. Defendant Geoffrey M. Lewis (“Lewis”) is an individual who may be served at his principal place of business in care of The Cuttyhunk Fund Limited c/o Optima Fund Management L.P., 10 East 53rd Street, New York, NY.
29. John Does 1 to 150 are fictitious names alleged for the purpose of substituting names of defendants whose identity will be disclosed in discovery and should be made parties to this action.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 8:30:29 AM

By: putchny

So they maybe going after all the "PIPE BOYS" and just clean it all up.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 8:10:40 AM

By: j - shorting

FWIW, I think the key is "manipulation", which doesn't necessarily refer to a precisely defined set of activities, but more to a pattern of intent and behavior which has the aim of causing the market to be misinformed about the true level of supply/demand/flows/pricing etc, for one's own personal gain.

Rhino allegedly engaged in wash trades, which are always I think seen as manipulation. They had reason to hide the shorting from the market, because their agreement forbade it - which argues for scienter. They stood to gain from the stock price falling, which gives a motive. They allegedly didn't close out short positions, which compounds the above ...

Anyway, that's the way I interpret it, but could easily be wrong.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 8:00:44 AM

By: crishky

Mark Valentine and Isaac Winehouse could be next if there is a crackdown.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 6:39:17 AM

By: finigan

So it's legal to short but fraud if your shorting against a PIPE that states you can't go short. Is this what is at the crux of the charges?


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 10:01:21 PM

By: Good question but what is the answer

Good question but does anyone have the answer???

Hunter


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/14/2003 10:00:16 PM

By: Well if you are into being busy then ...

Then it might help to know that Sheldon Salcman seems to think that Josef Goldenberg controls Atead Consuting (see previous post). I say 'seems to think' because Mr. Salcman has the most forgetful memory of anyone I have read about. This is the same Goldenberg who shared the same address as the Kraus crowd(see previous post). From the Switzerland side associated with Shoschana (or Israel) Bornstein.

Two entities from SC 13D for Nu Tech Bio Med Inc.
Gorro Holding
Jurisdiction: Panama
Signatory: Josef Goldenberg
Marta Strasse 137
PO Box 8040
Zurich

Barras Investment
Jurisdiction: Panama
Signatory: Shoschana Bornstein
Schimmez Strasse 1
PO Box 8003
Zurich

FROM SWISS SIDE
Josef Goldenberger
Verena Conzett Strasse 30,
CH - 8004 Zürich
Tel No. 01 242 0446
Fax No. 01 242 0445

Israel Bornstein
Shimmelstrasse 1,
CH – 8003 Zürich
Tel No. 01 461 5648
Fax No. 01 461 5414

Israel Bornstein & Josef Goldenberg
Martastrasse 137
CH – 8003 Zurich
Tel No 01 451 3030
Fax No 01 451 3035

Asag Instruments AG In Liquidation
c/o OBT Treuhand AG
Weinbergstrasse 137
CH – 8006 Zurich
President Josef Goldenberg
Member Israel Bornstein
Auditors OBT Treuhand AG
Note The Company was established in 1979
Scope Analysis, Measurements and Control Systems – Industrial Applications
The Shareholders of the Company concluded on 05Nov01 to resolve the Company as of that date.
The Liquidators are : Josef Goldstein, President and Israel Bornstein, Member
Auditors are : OBT AG in Zurich.

New Medium Enterprises Inc.
SB-2/A on 3/12/01

Selling shareholders related to this post.

Passy Holding - 2,330,000 - Israel Bornstein is a director of Passy Holding and has investment control of Passy Holding; Passy Holding holds warrants to purchase 2,330,000 common stock and prices from .50 to $1.50.

Paril Holding - 50,000 - Joseph Goldenberg has investment control of Paril Holding


GENERAL INFORMATION
EDGAR HITS - Israel Bornstein
New Medium Enterprises Inc
Passy Holding (Jul 30, 2001 SC 13G)- stockholder in JSUB
Other shareholders in JSUB
Olympus Capital inc.
Barry Seidman
Edwards Capital
Jimmy Dean Dowda
Bruce Know
Dominic Viccari
Arcadia Mutual Fund
Paril Holding
Passy Holding
Joseph Sloves
James Skalko
Tops Holding Ltd
Fred Lenz
Eric Swartz

New Medium Enterprises Inc.
Passy Holding - SC 13G - New Medium Enterprises Inc. - On 7/30/01
Address: Shimmelstrasse 1, Zurich, Switzerland
Citizenship: Panama
Director of Passy Holding: Israel Bornstein
SEE FILE NewMedEnterp.wrd for shareholders

EDGAR SEARCH on Martastrasse 137
Hit on All American Food Group Inc. (Hit related to Paril Holding and not Passy Holding)
All American Food Group - SB-2 - On 8/25/98
The Selling Stockholders whose Conversion Shares and 273,008 of Warrant
Shares are being registered hereby is Paril Holding, Dayan International
Corp., Augtost Anstalt Schaan and Balmore Funds, S.A. Paril Holding is a
foreign entity with a principal place of business located at Martastrasse 137,
Postfach 8040, Zurich Switzerland. Dayan International Corp. is a foreign
entity with a principal place of business located at 28 Cranwich Road, London
N165JX England. Austost Anstalt Schaan is a foreign entity with a principal
place of business located at 7440 Fuerstentum, Lichenstein, Landstrasse 163.
Balmore Funds, S.A. is a foreign entity with a principal place of business
located at P.O. Box 4603, Zurich, Switzerland. None of the above investors has
a domestic agent for service of process. These investors have no other
affiliation with the Company or its officers, directors, promoters or
principal shareholders.
EDGAR SEARCH on Paril Holding (uses same Swiss address as Passy Holding)
Management Technologies Inc.
New Medium Enterprises Inc.
All American Food Group Inc
Chemtrak Inc/DE
Advanced Gaming Technology Inc
Earth Sciences Inc
Trans Energy Inc
Norris Communications Corp
Frederick Brewing Co
JRECK Subs Group Inc
Sector Communications Inc
Commerce Group Corp /WI/
Greenman Technologies Inc
Aurtex Inc
Management Technologies Inc


Hope you will share anything you discover or that jumps out at you.

Have a good one,
Hunter


Anonymous
Posted: Friday, August 12, 2011

Posted: 10/25/2005 10:52:03 PM

By: gaboracs

Thanks for this data. Also noted that Jerome Schneider finally got his. I lost over $60K through his schemes back in the 80's. The law does eventually catch up to these white collar crimies.

Thanks Agin, staying glad to be stayin sober after all the shees I've been through!


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 2:58:38 PM

By: crishky

Is Winehouse linked to Stonestreet,Finklestein and Dundee.Or are they all one in the same.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 2:54:26 PM

By: crishky

Is that the broker at Dundee that is in with Isacc Winehouse.


Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 1:08:51 PM

By: Stonestreet - don't forget to look at finder's fees

Look at records for Stonestreet Limited Partnership and that should help you out.

SUBSCRIPTION AGREEMENT INTERNET VENTURE
If to the Company
Internet Venture Group Inc.
9601 West Sam Houston Parkway South
Building 100
Houston TX 77049
713-771-7536

Copy To
Arter & Hadden LLP
1717 Main Street
Suite 4100
Dallas Texas 75201
Attn: Lawrence B. Mandala
214-741-7139

Subscriber (also Closing location)
Grushko & Mittman P.C.
551 Fifth Avenue
Suite 1601
New York, New York 10176
212-697-3575

Internet Venture Group Inc. - signed by Elorian Landers
Alpha Capital Aktiengesellschaft
Pradafant 7
9490 Furstentums
Vaduz, Lichtenstein

Amro International S.A.
c/o Ultra Finanz
Grossmuensterplatz 6
Zurich, Switzerland CH8022

Markham Holdings Ltd.
c/o Mr. David Hassan
50 Town Range
P.O. Box 472
Gilbraltar
Fax: 011-34-9567-40404

Stonestreet Limited Partnership
c/o Carol Harrop/Michael Finkelstein
260 Town Centre Blvd., Suite 210
Markham, ON, l3R 8H8
Fax: 416-956-8989

Finder's Fees
$99,000.00 (9% of Finder's Fees payable in connection with investments by Alpha Capital Aktiengesellschaft, Amro International, Markham Holdings Ltd., and Stonestreet Limited Partnership)

Good luck,
Hunter





Anonymous
Posted: Friday, August 12, 2011

Posted: 12/15/2003 12:42:32 PM

By: rewnetu

Does anyone know who Mike Finklestein is?????


 

Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.