GISBeX

In 2005, OffshoreAlert revealed that notorious penny stock swindler Harold Bailey Gallison, Jr. was secretly controlling a sham Costa Rica-based Internet stock exchange called GISBeX while he was serving a five-year prison sentence in California for a prior fraud.
Timeline
28

February

2005

Jailed penny stock fraudster secretly behind Costa Rica-based Reg-S exchange

A notorious penny stock swindler currently in prison for fraud is secretly behind a Costa Rica-based Internet 'stock exchange', OffshoreAlert can disclose. Harold Bailey Gallison Jr., a 47-year-old U. S. national, controls the Global Internet Stock Brokerage Exchange, trading as GISBeX, through nominees, including his 74-year-old mother.
31

March

2005

Insider Talking: March 31, 2005

Three former senior officers of The Harris Organization, which defrauded clients out of tens of millions of dollars before collapsing in 2002, are back in business in Panama. Lawrence George Gandolfi, 65, a.k.a. Larry Gandolfi Christopher Glover Davy, 60, and
05

June

2005

Insider Talking: June 5, 2005

Offshore investment firm Lines Overseas Management, which is headquartered in Bermuda and has offices in Cayman, the Bahamas and England, claims to have spent US$2.75 million over the last two years on legal fees concerning two securities fraud investigations into its activities by the Securities and Exchange Commission; The International Financial Services Authority in St. Vincent & the Grenadines has revoked these Class I banking licenses: Horizon International Bank Limited, on April 4, 2005; Transglobal Bank Limited, on April 13, 2005; and Triton Capital Bank Limited, on April 13, 2005; How times have changed. On May 26, 2005, something happened that would have been unthinkable when OffshoreAlert was launched in 1997: the Cayman Islands Government issued a press release lauding its co-operation with U. S. authorities in clamping down on financial crime and disclosing that Cayman Islands Chief Justice Anthony Smellie; and OffshoreAlert has unearthed yet another red-flag concerning GISBeX, a Costa Rica-based stock exchange that purports to specialize in securities offered under Regulation S of the Securities Exchange Act in the United States and operates from a web-site at www.gisbex.com.
10

February

2010

Carlo DeMaria et al v. GISBeX Clearing Corporation SA et al: Complaint

Complaint in Carlo DeMaria, Jimmy DeMaria, Mauro Marchioni, Giuseppe DeMaria, and Municipal Web Portal Systems, Inc. v. GISBeX Clearing Corporation, S.A., a.k.a. The Global Internet Stock Brokerage Exchange, Inc.; Moneyline Brokers, Sandias Azucaradas JEM, S.A., Bastille Advisors, Inc., Bayswater, Inc., David K. Rushing, Michael Rushing, Robin Rushing, Roger G. Coleman, and Cynthia A. Taylor at the U. S. District Court for the Southern District of Florida.
30

April

2010

Carlo DeMaria et al v. GISBeX Clearing Corporation SA et al: First Amended Complaint

First Amended Complaint in Carlo DeMaria, Carlo DeMaria, Mauro Marchioni, and Jimmy DeMaria v. GISBeX Clearing Corporation, S.A., Moneyline Brokers, Sandias Azucaradas JEM, S.A., Bastille Advisors, Inc., Bayswater, Inc., David K. Rushing, Michael Rushing, Robin Rushing, Roger G. Coleman, Cynthia A. Taylor, Harold Bailey Gallison, Jr., Irving M. Einhorn, and Irving M. Einhorn, P.C. at the U. S. District Court for the Southern District of Florida.