|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 04:13:03 AM Last edit: March 20, 2017, 10:41:21 PM by Gleb Gamow |
|
Here's yet another clip where Nick is referencing Peter Klamka -> https://www.youtube.com/watch?v=R1-TRvigCjo&feature=youtu.be&t=287That's three of my for-real clips to your one enjoy-this-movie-scene clip. You're not very good at this game, are you, Guysucker?
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 05:07:31 AM |
|
ONE KICK PROMOTIONS, A SPORTS ENTERTAINMENT COMPANY: http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=eVVaNAjf9CIOlvcItssu%252fg%253d%253d&nt7=0I knew that if looked hard enough I'd find a connection between me and Nick. I was dealt in the first hand of poker at the Horseshoe Casino in Tunica literally minutes after the casino first opened its doors to the public. I even have a pic of such along with a pic of Jack Binion mere feet from where I was sitting (seat 2). Don't make me dig them up, but i'll do it for ONLY $2.75 - EACH! "Nick's balls are this big!" To understand the humor above, read -> https://en.wikipedia.org/wiki/Ted_Binion
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 06:58:48 AM Last edit: March 20, 2017, 07:10:11 AM by Gleb Gamow |
|
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 07:38:22 AM |
|
https://legendsroomlv.com/membership/http://www.birminghammail.co.uk/news/midlands-news/new-broad-street-lap-dance-6500669Contestant: Crypto Scammers for $100, Alex. "This practice is no longer practiced by astute scammers who are still practicing." Contestant: What is copy & paste of copyright images using such as their own? Alex: Correct. Contestant: Cone Head and Tesla for $100, Alex. <DING, DING, DING, DING!> Alex: The Daily Double! Question this correctly and win a $5K membership to The Legends Room in beautiful Las Vegas, the venue location to be determined in two weeks, but fully opened come April. Are you ready? Contestant: Yes, Alex. Alex: This clown loves Vegas strip clubs and ... Contestant: Who is Guy "Mr. Brackets" Bucktard? Alex: Correct. We would've even accepted Guy Bouchard.
|
|
|
|
aioc
|
|
March 20, 2017, 10:02:33 AM |
|
We have a venue, pics and address are on the website. We also have licences, more about this next week. You guys have made assumptions trying to discredit the project but haven't succeeded, remember the community is the one to be convinced not yourselves. The Legends Room is opening in April, and that's for sure. I'm still supporting this project,have been in a similar situation on Bitconnectcoin where fudster and spammers are roaming (Bitconnectcoin is now in the 32th spot way ahead of those stating 3 yo 4 years ago ,even connected me to a lot of accounts,Op has provided who are behind this and all the proofs so let's see what's going to happen..
|
|
|
|
Arvydas77
|
|
March 20, 2017, 10:37:24 AM |
|
FUDsters live only by shiting on every thread on this forum and seeding a lot of mistrust for their own interests. The only thing how can you escape them is to ignore all the FUD they're spreading accross the all threads.
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 03:41:50 PM Last edit: March 20, 2017, 03:54:29 PM by Gleb Gamow |
|
We have a venue, pics and address are on the website. We also have licences, more about this next week. You guys have made assumptions trying to discredit the project but haven't succeeded, remember the community is the one to be convinced not yourselves. The Legends Room is opening in April, and that's for sure. I'm still supporting this project,have been in a similar situation on Bitconnectcoin where fudster and spammers are roaming (Bitconnectcoin is now in the 32th spot way ahead of those stating 3 yo 4 years ago ,even connected me to a lot of accounts,Op has provided who are behind this and all the proofs so let's see what's going to happen.. Hello would like to take part Bitcointalk Name: aioc Rank: Senior Member Current post count: 731 BTC Address: 3D34iAEeZejFyhTbeBFJzSTYmx9Vy2WsQ5
You are accepted, please wear Avatar + Signature, stick to the rules, especially on where to post.FUDsters live only by shiting on every thread on this forum and seeding a lot of mistrust for their own interests. The only thing how can you escape them is to ignore all the FUD they're spreading accross the all threads.
Bitcointalk Name: Arvydas77 Rank: Sr. member Current post count: 425 BTC Address: 1MDVdQPPE9xp7djzpUUyAUELuLQiekdNPc
You are accepted, please wear Avatar + Signature, stick to the rules, especially on where to post. Translated: My word isn't worth shit in spite of investigating the Legends clan, whereas aoci and Arvydas77's words are golden and spot-on because The Legends Room pays them to post just like Kevin Hobbs is paid to spread TLR's bullshit ... AND YES, IT'S ALL BULLSHIT! It's no longer the weekend except maybe still in TLR's mind, so go ahead and call Amanda Early at Hard Rock Casino at 973-588-2000 and she'll tell you that they have ZERO connection with The Legends Room and are in the process of having their brand mentions removed. BTW, Amanda Early is not related to Handsome Early aka Patrick Dai of Qtum. Trust me on this one, for I vetted her too.
|
|
|
|
savioroshan
|
|
March 20, 2017, 04:11:18 PM |
|
We have a venue, pics and address are on the website. We also have licences, more about this next week. You guys have made assumptions trying to discredit the project but haven't succeeded, remember the community is the one to be convinced not yourselves. The Legends Room is opening in April, and that's for sure. I'm still supporting this project,have been in a similar situation on Bitconnectcoin where fudster and spammers are roaming (Bitconnectcoin is now in the 32th spot way ahead of those stating 3 yo 4 years ago ,even connected me to a lot of accounts,Op has provided who are behind this and all the proofs so let's see what's going to happen.. I am also supporting this project. I think its because of jealousy or something like that, some people are determined to play with the reputation of the club. Who knows, anyone or any rival club pays these people to make such posts in this thread.
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 04:21:48 PM |
|
We have a venue, pics and address are on the website. We also have licences, more about this next week. You guys have made assumptions trying to discredit the project but haven't succeeded, remember the community is the one to be convinced not yourselves. The Legends Room is opening in April, and that's for sure. I'm still supporting this project,have been in a similar situation on Bitconnectcoin where fudster and spammers are roaming (Bitconnectcoin is now in the 32th spot way ahead of those stating 3 yo 4 years ago ,even connected me to a lot of accounts,Op has provided who are behind this and all the proofs so let's see what's going to happen.. I am also supporting this project. I think its because of jealousy or something like that, some people are determined to play with the reputation of the club. Who knows, anyone or any rival club pays these people to make such posts in this thread. Hi,
I would like to participate in this signature campaign.
BitcoinTalk username: savioroshan Forum rank: Full Member Current post count: 313 Address: 172RW83NCQ6iESKm9NWdpA7mSpQah2F7C5
Please inform me if i am accepted
Thanks
Accepted! Welcome onboard. We should start on the 18th. Again, I'm not paid by nobody to post, yet here's another asshole dissing me because ... wait for it ... The Legends Room pays them to post. Little do these fuckers know that all I have to do is give them one negative trust thingy and their respective user names will no longer qualify them to earn in the future because their trust would all be red, again, on my posting alone. Wanna play some more, assholes? I'm game. Let's play!
|
|
|
|
pixelpowered
|
|
March 20, 2017, 04:35:14 PM Last edit: March 21, 2017, 12:49:31 AM by pixelpowered |
|
Damn this thread looks like a pile of shit too. Gleb wreaking havoc. lol
TLR wanted a legend to play with them on BCT. They got it. Again, I'm not paid by nobody to post, yet here's another asshole dissing me because ... wait for it ... The Legends Room pays them to post.
Little do these fuckers know that all I have to do is give them one negative trust thingy and their respective user names will no longer qualify them to earn in the future because their trust would all be red, again, on my posting alone.
Wanna play some more, assholes? I'm game. Let's play!
Weird. I was pondering this idea as well. But I've been accused of being your alt as well. Maybe... just maybe BCT is like psychically telling us to confront cryptocunts.
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 05:06:38 PM Last edit: March 20, 2017, 05:39:37 PM by Gleb Gamow |
|
Damn this thread looks like a pile of shit too. Gleb wreaking havoc. lol
TLR wanted a legend to play with them on BCT. They got it. Again, I'm not paid by nobody to post, yet here's another asshole dissing me because ... wait for it ... The Legends Room pays them to post.
Little do these fuckers know that all I have to do is give them one negative trust thingy and their respective user names will no longer qualify them to earn in the future because their trust would all be red, again, on my posting alone.
Wanna play some more, assholes? I'm game. Let's play!
Weird. I was pondering this idea as well. But I've been accused of being your alt as well. Maybe... just maybe BCT is like psychically telling us to confront cryptocunts. The Bitcoin Legends Room is proud to announce its new curator, Tutu "Multi-kick" Bruno. Your $5,000 membership allows you to listen to endless lies by Leroy Fodor and being served mass quantities of adult liquids by none other than Stinky Marshall Long. Our legal team is led by Guy BuckTard. The Bitcoin Legends Room will be packed when Bitcoin conferences come to Las Vegas, where Bitcoiners can meat-up with Tutu "Multi-kick" Bruno in person. We just signed a special appearance of Brad "Dominatrix" Burns where he'll not only lap dance for you, but will dominate your face. Here's Brad's video -> https://www.youtube.com/watch?v=hQnmOFo-iGg. Our 24/7 seafood buffet will be stocked with organic fishes from Chantha Owen Lueung's solar-powered duckweed pond located behind his duplex in Yonkers, NY. Every Tuesday, card-holding members will be able to lick the infamous Bitcoin tattoo shown above. As you can clearly see, we have our license and are in the process of remodeling the huge room. And yes, we'll have Legends dancers 24/7 like Miss Goatse below:
|
|
|
|
guybouchard
|
|
March 20, 2017, 09:29:28 PM |
|
No one left. Just another day closer to the opening of the Legends Room. Long and strong with VIP. No way the team pays one bit of attention to nonmembers on a fucking forum that no one but the incestuous crypto fags read. That's the beauty of a membership club...it keeps out the undesirables and keeps in Kat Dior!
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 10:45:34 PM |
|
Good! Guy BuckTard decided to attend class today. Perhaps he'll stick around long enough to learn that Peter Klamka is every part of The Legends Room which Guy adamantly denies. No one left. Just another day closer to the opening of the Legends Room. Long and strong with VIP. No way the team pays one bit of attention to nonmembers on a fucking forum that no one but the incestuous crypto fags read. That's the beauty of a membership club...it keeps out the undesirables and keeps in Kat Dior!
And now where is Peter Klamka on any documents related to the Legends Room besides the above mentioned ATM agreement? On the incorporation papers? NO. On the website? NO. In your fantasyland of delusion? YES.
Why don't you ask Nick or Stephan since they're the ones who said that Peter is their business partner here -> https://www.youtube.com/watch?v=R1-TRvigCjo&feature=youtu.be&t=203Surely, you've see the video, for you've cited its contents at least once. Dude, you're totally a lost cause if you adamantly believe that Peter Klamka IS NOT part of The Legends Room, for surely that's one fact that all here can agree on with now the exception of your retarded ass. Further, here is Peter's brother, Richard Klamka, in his own words ... http://www.klamkalaw.com/attorney-profileFor the past 20 years, I've been fan of the Ultimate Fighting Championship and I've trained at the world famous Gracie Jiu Jitsu Academy in Torrance, California. Currently, I assist former bodyguard to Michael Jackson, Tiger Woods, and Mike Tyson, black belt, trainer to numerous mixed martial arts titleholders, and eternal Las Vegas legend -- Master "One Kick" Nick Blomgren -- in helping mixed martial arts fighters reach their goals of becoming world champions. If you want further proof, then look no further than the description below the YouTube video: https://www.youtube.com/watch?v=R1-TRvigCjoStreamed live on Feb 23, 2017 Tokenized membership to a premier club in the las Vegas strip, Legends Room takes a futuristic approach to access. To learn more we talk with Nick Blomgren,, Stephan Bonnar, Peter Klamka and Kevin Hobbs the CEO of Vanbex
• Twitter : https://twitter.com/block_talk • Facebook : https://www.facebook.com/block.talk1/ • Steemit :https://steemit.com/@blocktalk • Slack Channel : http://slack.ubiqsmart.com/ • Email : btc.blocktalk@gmail.com • Youtube : https://www.youtube.com/c/blocktalk • Website : http://blocktalk.info/
• BTC : 1BBbZ6KBEnj6i1beASHm8r4Stpd5V81Mbj • ETH : 0xf361dd41a66e62b52c36f847bede1cb11afa36ad
Our Sponsors • Bittrex - https://bittrex.com/ The most secure altcoin exchange to date and the first registered crypto exchange to operate in the USA! Bitcoin, Ethereum, and USDT pairings
Our Sponsors • GPU Source - http://gpusource.com/ Soon to be releasing their server rack compatible miner, GPU source will be the premier source for mining equipment purchasing, hosting, and upgrading. PS: All because I'm a fagot and suck a many dicks, doesn't give you the right to proclaim such via calling me names. Are you jealous because you're not a bona fide cocksucker? PPS: Only a retard would spend $2.73 online to find what's available for free on the Internet. You aren't well versed in the law. Peter Klamka's corporation supplies bitcoin atms to various locations including Centerfolds. No one has ever denied or disputed that on this forum. What is unproven is your allegation that Peter Klamka CONTROLS the Legends Room. To prove that, you need evidence. You supply a video with a five second clip about their partner. Maybe their ATM partner? Big leap from supplying the bitcoin atm to controlling the entire operation. As my old law professor would say fuck off with your lies until you can prove it.
Note to self: Never, ever get cone head in Vegas. As proven above, you'll loose your fuckin mind if you do. Try this clip, you fuckin retard, where Kevin Hobbs states that it was Peter Klamka who brought the concept to him -> https://youtu.be/R1-TRvigCjo?t=410Here's yet another clip where Nick is referencing Peter Klamka -> https://www.youtube.com/watch?v=R1-TRvigCjo&feature=youtu.be&t=287That's three of my for-real clips to your one enjoy-this-movie-scene clip. You're not very good at this game, are you, Guysucker?
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 20, 2017, 11:11:24 PM |
|
No one left. Just another day closer to the opening of the Legends Room. Long and strong with VIP. No way the team pays one bit of attention to nonmembers on a fucking forum that no one but the incestuous crypto fags read. That's the beauty of a membership club...it keeps out the undesirables and keeps in Kat Dior!
This wasn't a fucking forum that no one but the incestuous crypto fags read when Team Legends came here and got two of its users to visit Centerfolds, soon thereafter using their visits as a means to give The Legends Room its must needed cred until, that was, I came along and started poking holes in this already sinking ship causing TLR to seek a new venue, namely StripTease's nondescript edifice. Don't worry, Guy BuckTard, TLR will refund your $4,500 after you call Amanda Early at Hard Rock Casino at 973-588-2000 since it's no longer the weekend, and she'll tell you that they have ZERO connection with The Legends Room and are in the process of having their brand mentions removed. BTW, Amanda Early is not related to Handsome Early aka Patrick Dai of Qtum. Trust me on this one, for I vetted her too. Don't forget that Team Legends went on and on for three weeks talking about all the renovations going at Centerfolds, readying it for an April 1st opening with ownership papers and licenses in hand, and with Kevin Hobbs of Vanbex confirming such every step of the way, then the entire team made a 180 when they couldn't stand the heat anymore re Centerfolds was never in their control. HAHAHA & ChucklesTLR can't produce or provide the link to LV permits' page depicting said renovations that are 100% required my law, even though an honest group like The Legends Room would've 100% had applied for, then granted by LV. Ergo, since TLR can't provide permit proof, they are 100% a scam, as any lawyer worth their salt would tell you or in a court of law. We have a venue, pics and address are on the website. We also have licences, more about this next week. You guys have made assumptions trying to discredit the project but haven't succeeded, remember the community is the one to be convinced not yourselves.The Legends Room is opening in April, and that's for sure. a fucking forum that no one but the incestuous crypto fags read
|
|
|
|
chrysophylax
Legendary
Offline
Activity: 2926
Merit: 1091
--- ChainWorks Industries ---
|
|
March 21, 2017, 12:22:01 AM |
|
interesting reading ...
following ...
#crysx
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 21, 2017, 12:53:14 AM Last edit: March 21, 2017, 01:16:50 AM by Gleb Gamow |
|
interesting reading ...
following ...
#crysx
The Legends Room will be even more interesting once Brad Burn's girls are onboard to dominate patrons' faces. The same team behind TLR brought you the Mike Tyson Bitcoin ATMs which is no longer in business: http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=TNf%252b3sk8PVBKg7IltQrXUQ%253d%253d&nt7=0http://siliconangle.com/blog/2015/07/26/mike-tyson-suckered-into-endorsing-branded-bitcoin-atms-in-potential-scam/Exclusive: Mike Tyson suckered into endorsing branded Bitcoin ATMs in potential scam
BY DUNCAN RILEY
Former heavyweight world boxing title holder Mike Tyson may be biting off more than a rival’s ear in August with news over the weekend that he is apparently getting into the Bitcoin ATM ring. But an investigation by SiliconANGLE has revealed that Tyson may have been scammed.
“Mike Tyson Bitcoin ATM” is said to offer a revolution in offering cash to Bitcoin services in 20 seconds, which is 10 seconds faster that Iron Mike’s quickest knockout in a professional bout, which clocked in at 30 seconds.
Confirmation that Tyson was involved in the offering came by Tyson’s Twitter account, with the retired fighter claiming the service will “change the way we get change.”
If it looks like a scam …
Precious little is known about the service other than what we’ve written above, and various Bitcoin forums are full of speculation as to whether this is a legitimate business enterprise or not. While Tyson is reported to actually be a smart operator by some, he certainly doesn’t always present himself that way in public.
The biggest lead comes via the registration of the domain name miketysonbitcoin.com, which is registered to one Peter Klamka.
A search finds that Klamka is the Chief Executive Officer of Bitcoin Brands, Inc., which offers a site called Bitcoin for Miles (a site to buy airline frequent flyer miles) and something called the “Bitcoin Vending Network,” which makes a mish-mash of claims, talking about offering ATM services on one hand, then vending machines (not sure if these are meant to be different) on the other.
The other service the company alleges to provide is BitMD, claimed to provide Bitcoin payment services to the medical marijuana industry.
Doesn’t sound too bad in theory, and if it was providing those services it would be, but there’s only one serious problem: We can’t find any solid evidence, outside of the company’s own press releases, that they are.
There are a number of press releases pertaining to alleged establishments of Bitcoin ATMs and Bitcoin payment services, and a few sites that simply repeat the claims in the press releases, but there appears to be no legitimate press; that is say a local news report on an ATM opening complete with pictures of people, which you’d expect with a Bitcoin ATM opening, or a promo piece about the medical marijuana seller now taking Bitcoins; they’re either extraordinarily bad at on-the-ground local PR or the press releases are pure fantasy.
But it gets worse: Bitcoin Brands is listed as an Over-The-Counter (OTC) stock, so if it actually was providing these services you’d expect that to reflect in its share price and market cap.
Their current share price is $0.0001 per share with a market cap of $6,780. That’s not millions, that’s six thousand, seven hundred and eighty dollars.
So, a company worth $6,870 has done a legitimate deal with Mike Tyson to provide Mike Tyson Bitcoin ATM’s?
Excuse the language, but bullshit it has.
The best guess here is that Mike Tyson has been suckered into a deal by a fast talker who has promised him millions if he gets involved and lends his name to the enterprise, despite the company behind the enterprise having a market cap that is probably about half the value of one bottle of the champagne Tyson prefers to drink.
The other alternative theory is that Tyson himself has invested money into the service and Klamka is a business partner. But if that’s the case, it throws Tyson’s business judgement into serious doubt as any basic due diligence via a simple Google search would have found that not everything is as it seems when it comes to Bitcoin Brands and its alleged provision of various services.
If we find out more, we’ll update the post.
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 21, 2017, 01:21:54 AM |
|
Thanks to this doc - http://edgar.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=11002037-338125-342780&SessionID=ut-Le6MVEdm8zl7 - we learn who Peter Klamk's busines partner is, namely Stephen M. Hicks ... https://www.law360.com/securities/articles/204092/sec-conn-ag-sue-southridge-manager-for-fraudSEC, Conn. AG Sue Southridge Manager For Fraud
By Dietrich Knauth
Law360, New York (October 26, 2010, 6:16 PM EDT) -- The U.S. Securities and Exchange Commission and the Connecticut attorney general have filed separate lawsuits against hedge fund manager Stephen M. Hicks, accusing him of fraudulently inflating the value of investments and lying to investors about what he'd do with their money.
Hicks, who is the principal of funds Southridge Capital Management LLC and Southridge Advisors LLC, allegedly collected $1.8 million in management fees for a sham $30 million investment in Fonix Corp., according to the SEC complaint filed Monday in the U.S. District Court for the District of Connecticut. The hedge funds are named as co-defendants in the suit.
The SEC further claims that Hicks poached $5 million from new investors to pay off debts accumulated by his older, failing hedge funds and fraudulently promised the new investors that their money would be invested in unrestricted, free-trading securities.
The Connecticut suit, filed Monday in the Superior Court of Connecticut, made similar claims and estimated that Hicks had collected $26 million in fees stemming from the investment of 72 percent of the funds' money in three companies, including Fonix, that were nearly worthless to investors.
Attorney General Richard Blumenthal said in a statement Monday that Hicks had benefited from "lucrative lies" and said his office would pursue restitution and civil penalties.
"This kind of financial fraud harms investors, but also the entire economy," Blumenthal said.
The SEC is specifically pursuing the $1.8 million in fees that Hicks collected after orchestrating the sale of nearly bankrupt LecStar Telecom Inc., in which his funds were heavily invested, to Fonix.
Between 2002 and 2004, Hicks engaged in a series of sales that transferred LecStar between funds he owned, inflating the sale price each time. In a little more than a year, Hicks inflated company's price from an assessed value of $10,000 in November of 2002 to a sale price of $30 million without adding any actual value, according to the SEC.
In February 2004, Hicks sold LecStar to Fonix, another troubled company that his Southridge funds had invested millions in, the SEC said. In lieu of cash, the Southridge funds accepted $20 million in Fonix stock and a $10 million promissory note secured by LecStar stock and assets, all of which proved to be worth much less than their stated value.
Investors gained no benefit from the deal as the value of the two companies spiraled down, the SEC said. LecStar filed for bankruptcy in 2006, and Fonix's stock continued to fall, dropping far below 1 cent per share.
Hicks, however, profited handsomely, the SEC said. Based on the false $30 million price of the investment, his hedge funds charged investors a 1 percent management fee per year — more than $1.8 million to date, according to the SEC.
Besides the overvaluing of LecStar and Fonix, the SEC also accused Hicks of lying to investors as he transitioned from three older funds struggling with liquidity to new funds started in 2003. The old funds — Sovereign Partners LP, Dominion Capital Fund Ltd. and Dominion Investment Fund LLC — had largely ceased to attract new investors by 2004, the SEC said.
In 2003, Hicks started two new funds, Southridge Partners LP and Southshore Capital Fund Ltd., and between 2003 and 2008 he raised nearly $80 million for the new funds while telling investors that he “had learned his lesson” from previous failures and would invest at least 75 percent of the money in unrestricted, free-trading securities.
But by 2006, as much as half of investors' money was held in restricted securities, the SEC said. By the end of 2007 investors in the new funds had submitted nearly $7 million in redemption requests that the defendants couldn't satisfy, according to the SEC.
In addition, Hicks improperly used $5 million from the new funds to pay for legal and administrative fees incurred by the old funds. Instead of repaying with cash, he repaid the new funds with overvalued, illiquid securities from the old funds, according to the complaint.
The SEC is seeking disgorgement of Hicks' ill-gotten gains, civil penalties and an injunction against further violations of securities law.
Sovereign and Southridge are U.S.-based, while Southshore Capital and the old Dominion funds are offshore funds primarily for non-U.S. investors, the SEC said.
Counsel information for the defense was not available Tuesday.
The case is Securities and Exchange Commission v. Southridge Capital Management LLC et al., case number 3:10-cv-01685, in the U.S. District Court for the District of Connecticut. Then again, Nick Blomgren was the only saint in Ted Binion's drug circles, and remains a saint to this very day.
|
|
|
|
Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
|
|
March 21, 2017, 01:52:08 AM |
|
|
|
|
|
|