Unsealed Indictment For the GTXC Co-conspirators
A couple of key players, that are more than connected to the Hagen SS Gatelinx, are Howell Woltz and Ricky Graves. Graves is Hagen's former tax attorney with the firm Webb and Graves. Woltz (same guy mentioned in the junkfax.org post and post's here in this blog) was involved in some false and shady valuations from Sterling Group to and for Gatelinx as they tried to raise investment moneys in 04. Read the post from the North Carolina US District Courts. http://www.ncwd.uscourts.gov/documents/currin_indictment.pdf As you read this filing, ask yourself... who is "Mr. H" the "unindicted co-conspirator"? No way of telling, yet. And it may not be David Hagen. But, any doubts about how and what these guys are?
posted by ex-GTX at 2:37 PM
3 Comments:
Best guess: Mr. H is Walter Hannen of Charlotte who was with Howell and Vernice Woltz when they spirited away in 2004 a tape of incriminating computer records away from the home of Vernon Abernethy, a former prez of a Sterling group-member, when he was named as a defendant in a CFTC case. Hannen was deposed over an 8 hour period in Charlotte last fall. Must had had a lot to say to the feds. www.shastacapitalassociates.com
IN THE MONEY: GTX Global, A Promoter's Wife And The Felon
1413 words
20 December 2005
12:31
Dow Jones News Service
English
(c) 2005 Dow Jones & Company, Inc.
By Carol S. Remond
A Dow Jones Newswires Column
NEW YORK (Dow Jones)--GTX Global Corp. (GTXC) has no current financial
statements, no apparent revenues and its founder and former president is
a convicted felon.
Worrying enough, but what might concern investors even more about GTX
Global is the manner in which the small Internet technology provider
went public in January; that is, via a merger with a Florida corporate
shell called AutoLeaseCheck.com Inc. GTX Global trades on the
unregulated Pink Sheets market for about $8.04 a share, giving it a $250
million market capitalization.
A balance sheet provided by GTX Global, known as Gatelinx Global Corp.
until October, shows that it had $358,663 in cash and $1.8 million in
total liabilities as of the end of August.
What the report doesn't show is that Shannon Oehmke, the wife of a stock
promoter named Donald Oehmke, was a secretary and director of the
corporate shell that merged with GTX Global earlier this year.
Why should that interest investors?
Because Donald Oehmke is currently being sued by the Securities and
Exchange Commission in the U.S. District Court for the Southern District
of Florida for his alleged participation in a massive scam to pump the
stock of two worthless Pink Sheets companies called Concorde America
Inc. (CNDD) and Absolute Health and Fitness Inc. (AHFI).
According to a complaint filed by the SEC in February, Oehmke and others
were engaged in a fraudulent scheme to pump the shares of Concorde
America and Absolute Health, illegally netting some $22.9 million in the
process. The SEC has frozen the assets of Oehmke and others involved in
the scheme.
The SEC alleges in its complaint that Oehmke and another promoter named
Bryan Kos "instigated both schemes, artificially creating demand for
stock they owned in Concorde America and Absolute Health through
unauthorized and false press releases, facsimile and e-mail spams,
Internet websites, promotional videos, and automatic voice-mail messages
since approximately June 2004."
According to documents filed by the SEC in court, Oehmke controlled two
corporate shells that were used to reverse merge bogus assets that were
later pumped through the use of offshore entities with trading accounts
at U.S. brokerage firms. The SEC alleges that Oehmke made at least $3.7
million in illegal profits from these transactions. In the case of Kos,
the SEC said he received at least $250,000.
Oehmke and Kos recently abandoned their efforts to reverse the SEC's
freeze of their assets and consented to a preliminary injunction. They
are negotiating settlements with the Commission.
This isn't the first time that Oehmke has run afoul of securities
regulators. In 1991, he was permanently barred by the NASD from
associating with member firms for participating in a scheme to make
improper use of customer funds and, among other things, disseminating
misleading sales literature. Without admitting or denying the charges,
Oehmke consented to the ban and was fined $150,000.
In September, before he and Kos consented to the SEC's preliminary
injunction and freeze order, Oehmke said in a court filing that the
Commission had "failed to substantiate (its) allegations."
Shannon Oehmke, who also uses the name Shannon Payne, used an address in
Kalamazoo, Mich., in AutoLeaseCheck.com's corporate filings. Donald
Oehmke and one of his consulting firms called Ventana Consultants used
the same address. Ventana is also named in the SEC complaint in the
Southern District of Florida.
Shannon Oehmke isn't named in the SEC action against her husband and
others.
Ted Planzos, a lawyer representing Oehmke in the ongoing SEC litigation,
said in an email sent to Dow Jones Newswires that Oehmke sold the shell
used to take GTX Global public "in or about May 2000." Planzos said
neither Oehmke, nor his wife, own stock in GTX Global. Planzos didn't
comment on Shannon Oehmke's role at the shell company.
David Levenson, a lawyer representing GTX Global, said he knew that
Oehmke was involved with the company used to take GTX Global Public. But
Levenson said "I would bet dollars to donuts that he is not" currently
involved with the company.
Levenson, who said he has represented Oehmke over the years, is one of
the lawyers representing Bryan Kos in the ongoing Absolute Health and
Concorde America SEC litigation in Florida. Levenson said he was "almost
certain that Kos" is not a GTX Global shareholder.
Levenson declined to comment on Kos' and Oehmke's decisions to consent
to the SEC's preliminary injunction and assets freeze. Levenson and
Planzos declined to comment on their clients' settlement talks with the
SEC.
Ms. Oemhke's involvement with that Florida shell aside, there are some
red flags that might interest investors.
David Hagen, the company's founder and former CEO, is a convicted felon
who served time in jail for his involvement in a direct mail scheme in
the late 1980s.
An amendment to Gatelinx' articles of incorporation filed with the state
of Florida in March 2005 shows that Hagen was appointed president and
CEO of AutoLeaseCheck.com in December 2004. According to that document,
AutoLeaseCheck.com changed its name to Gatelinx Global in January 2005.
Besides Hagen, the document lists his wife Annette Hagen as treasurer
and Mark Brecher as secretary. The name change and Hagen's appointment
were approved by AutoLeaseCheck.com's directors, including Shannon
Oehmke and Dawn Brecher, on Dec. 10, 2004.
According to published reports, David and Annette Hagen, then going by
the last name Defusco or Dufusco, were indicted with conspiracy and
seven counts of mail fraud in 1989 for their roles in a scheme to lure
people to visit time-share resorts on the false premise that they would
receive cars and cash prizes. David Hagen pleaded guilty to one count of
mail fraud and conspiracy to commit mail fraud and was sentenced to two
consecutive five-year prison terms. Annette was sentenced to 35 months
in prison for her part in the scheme.
Responding to allegations on a short-selling Website called
Stocklemon.com that David Hagen controls GTX Global, the company said in
a press release on Nov. 15 that "the former founder and CEO, resigned as
an officer and director of Gatelinx" earlier in 2005 after reports of a
previous "personal situation...that occurred over 15 years ago" were
circulated on the Internet.
The company said Hagen resigned for "the good of the company and
Gatelinx Global changed its name to GTX Global." GTX Global has filed a
$50 million suit against Stocklemon.com and its principal Andrew Left
alleging trade libel and interference with prospective economic
advantage.
GTX Global's lawyer Levenson said that there is no relationship between
his client Bryan Kos and Hagen. Oehmke's lawyer Planzos said that Donald
Oehmke never had any business dealings with David Hagen.
Levenson said his contacts at GTX Global include David Gust, current CEO
Curtis Garth and company general counsel Edward Ovsenik. Gust is
president of Vizual Corp., a company from which GTX Global recently
purchased some assets. Gust was also the principal of VidMe
Communications, a company that entered into a strategic partnership with
Gatelinx last year.
Gust, Garth and Ovsenik didn't return telephone calls.
Before he became involved with Gatelinx, David Hagen ran a satellite
dish company called Prime TV. Prime TV shut its doors in early 2004
following a dispute with DirectTV.
Both Gatelinx and Prime TV operations were located in North Carolina.
Coincidentally, so were the purported gyms supposed to have made out the
business of Absolute Health and Fitness last year.
It's unclear whether the Hagens are current shareholders of GTX Global.
Which leads us to one last reason why investors may want to stay clear:
GTX Global trades on the Pink Sheets market so it doesn't have to file
periodic financial statements with the SEC and there is virtually no
information available about the company or its insiders.
(Carol S. Remond is an award-winning columnist and one of four who write
the "In The Money" feature. Most recently, she won a 2005 Gerald Loeb
Award for best news service content with "Exposing Small-Cap fraud," a
series of articles that described how three small companies
unscrupulously pumped up their stocks.)
-By Carol S. Remond, Dow Jones Newswires; 201-938-2074;
carol.remond@dowjones.com [ 12-20-05 1231ET ]
the real mr.h should be warren hansen without his excellent market manipulation none of this would of happened he was the broker that set up all the accounts sent out the wires and made millions un commissions and illegal kick backs he should definitely go down
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