Agora, Inc.

Yidam, Ltd. v. Anil Diwan et al: Complaint

Complaint alleging securities fraud in Yidam, Ltd. v. Anil Diwan, Eugene Seymour, and Nanoviricides, Inc. at the U. S. District Court for the District of Colorado.

US judge fines Agora subsidiary and editor $1.5 m for securities fraud

An investment newsletter's publisher and its editor have been hit with $1.5 million in financial penalties after a U. S. federal judge determined they defrauded their own subscribers in a securities scam. Judgment in favor of the Securities Exchange Commission and against Maryland-based Pirate Investor LLC, now called Stansberry & Associates Investment Research, LLC, and Frank Porter Stansberry was issued at the U. S. District Court for the District of Maryland on August 1, 2007 - 28 months after the completion of a bench trial. The penalty comprises disgorgement of $1.3 million in profits and interest from the fraudulent activity, for which Pirate Investor and Stansberry are jointly and severally liable, plus a fine of $120,000 against each defendant.

SEC v. Agora, Inc. et al: Memorandum of Decision

Memorandum of Decision in the securities fraud action filed by the U. S. Securities and Exchange Commission against Agora, Inc. , Pirate Investor, LLC and Frank Porter Stansberry at the U. S. District Court for the District of Maryland.

LOM announces ‘withdrawal’ from penny stock market

Due to a loss of clients and reputation amid a slew of widely-publicized fraud allegations, offshore broker Lines Overseas Management claims to be scaling back its activity in U. S. penny stocks. Effective June 30, 2005, LOM Holdings Limited says the group will "dramatically curtail client activity in the US bulletin board and pink sheet over the counter market".

SEC v. Agora, Inc., et al: SEC’s Trial Brief

SEC's Closing Argument and Trial Brief in a securities fraud complaint against Agora, Inc., Pirate Investor, LLC and Frank Porter Stansberry at the U. S. District Court for the District of Maryland.

SEC v. Agora, Inc.: SEC’s Motion to Compel

Second Supplement to Motion to Compel filed by the SEC in a securities fraud action against Agora, Inc., Pirate Investor, LLC and Frank Porter Stansberry at the U. S. District Court for the District of Maryland.

SEC v. Agora, Inc. et al: Amended Complaint

Amended Complaint filed by the U. S. Securities and Exchange Commission against Agora Inc., Pirate Investor, LLC and Frank Porter Stansberry at the U.S. District Court for the District of Maryland.

Agora newsletter group accused of securities fraud by SEC

Baltimore-based Agora Inc., whose business empire includes investment newsletters and clubs, is being sued by the SEC for an alleged securities fraud that earned it more than $1 million.The SEC has accused Agora of routinely making massive profits by disseminating false information about public stocks to its more than 21,500 paid-for subscribers around the world.

SEC v. Agora Inc. et al: Complaint

Complaint alleging securities fraud filed by the U. S. Securities and Exchange Commission against Agora Inc., Pirate Investor, LLC and Frank Porter Stansberry at the U. S. District Court for the District of Maryland.

Insider Talking: April 30, 1999

The saying 'There's one born every minute' was never more evident than during a recent interview OffshoreAlert conducted with an Arizona-based creditor of Gilbert Ziegler, the chairman of the fraudulently-run First International Bank of Grenada; The depths to which The Oxford Club's parent, Baltimore-based Agora Inc., will stoop to attract new business seemingly knows no bounds; In the book the Sovereign Individual, which is co-authored by Lines Overseas Management shareholders Lord William Rees-Mogg and James Dale Davidson, there is a paragraph on Page 188 that seems to advocate an illegal act when advising readers on asset protection; Although we published a list of shareholders for Bermuda-based financial services firm Lines Overseas Management last month, the identities of many of the beneficial shareholders was hidden through companies; We reported last month on an alleged fraud being committed by Threshold Insurance Services, which is an apparently bogus insurer being operated by The Harris Organization of Panama and being investigated by banking and insurance regulators in Florida. We learned this month that official records in Panama show that the company has now been dissolved; and Accounting firm Deloitte & Touche, which is liquidating First Cayman Bank, is still forecasting a pay out of 45 to 55 cents on the dollar.

James Dale Davidson and Agora Inc.: Sorting out fact from fiction

Investment adviser James Dale Davidson, an American businessman with extensive offshore interests who featured prominently in last month's expose of investment clubs run by Baltimore-based Agora Publishing, was taken aback recently when a subscriber to Agora's newsletter Strategic Investment posted the following message on its web-site: "I have been an eager reader of your insightful speculations about the world and its rapid devolution from nation-state boundaries. I am thus perplexed by the witless investment advice promoted as 'intelligence' within these hallowed halls of the privileged and elitely 'connected' 'sources'."