Sunday, July 02, 2006

GTXC GTX Global, Digging Deeper gets Interesting

This begins a final series of 5 posts. Why? well, because these last 5 detail the final parts of the scam. With thanks to collaborators, and old cached server files... plus, it's amazing what you can find on discarded/returned PC's... I think my job will be done here.

First, lets chronicle all the inter-relationships of the Gatelinx/GTX Global team. You've already seen (Blog post here on June 13, GTX Global, GTXC... The smoking Gun) how Hagen is aligned with Howell Woltz. The Bahamian connection who now sits in jail awaiting trial on federal charges. (see May 25th posting on the co-conspirator updates and the April 20th posting here on the unsealed indictments).

And you have the May 26 posting asking "How are they moving to Fully Reporting" where the "team" gets caught in their own PR. And, finally the "dig deeper and it still smels like a scam" posting from June 6 which identifies Trent Green as a consultant, employee, director.. and now.. a BIG PART OF THE SCAM is unearthed.

If you want more on Len Green, that is easy. Mr. Green is a close friend of Yadio's CEO, Trent Martin. Mr. Martin runs a data collection service named Real Source Data ( ). Mr. Martin's address and Real Source Data's address are one in the same:

  • 8 N. 980 Dittman RoadElgin, IL 60123(also Mr. Martin's home residence)
  • 847-464-1049 Telephone
  • 847-464-1062 Fax

Mr. Green's address is correct and he was a consultant prior to signing on with Yadio. He was sent to GTXC's North Carolina HQ for many weeks in Dec. '05 through February where he was responsible for trying to determine David Hagen's role in GTX and unravel their books.

At the time David Hagen was to be a "silent" advisor being paid as a consultant from profits according to Martin. (More on this in the next couple of posts, this is a pattern of David's to try and hide assets and income) Also according to Martin, David Hagen was also at the time before the failed Yadio merger making loans to family members for $100K and buying expensive autos.

In addition, Hagen, according to Martin was also depleting the North Carolina HQ of all assets that could have value, including highly valued art as well as electronic equipment. (Remember, Hagen was already selling off leased assets, bouncing checks since 2004 and generally "survivng", so as the money started to roll in, why change his personal tactics?) Len Green's role was to "justify" the books to help the merger go through.

The management team that was posted in the press release dated Jan. 25th ( lists a number of officers for the new merger. There was supposedly several million dollars in escrow to be distributed once David Hagen was moved off the active GTX roster. Not exactly sure where Mr. Martin was getting this info (possibly Garth), but he had several employees signed on as a result of promises made that the money would flow to the new management team.

It is also interesting that the team lists the following names:

  • Trent Martin President, CEO and Director
  • Len Green CFO, Treasurer and Director
  • Karolyn Tincher Secretary and Director
Karolyn Tincher is Trent Martin's daughter and also runs his operation at Real Source Data. In addition, Mr. Martin owns a controlling interest in Yadio for which he paid $60K for in a fire sale as Yadio was tanking thanks to the two founders (Adam Silva and Howard Minsky) bumbled online marketing ventures. One of which includes http:/ (which has the following whois data:

  • Investor News Alerts
  • 8 N. 980 Dittman Road Elgin, IL 60123
  • US Phone: 888-241-4090

HMMMM.... that seems to be the same as Mr. Martin's Real Source Data address...what a coincidence. And the fact that is a pink sheet traders rag, who's real owner is Adam Silva (a known spammer: may lead some investigators to look into their promotional practices

On the InvestorNewsAlerts site, you will also find a Greg Paige espousing investment advice. This is the same Greg Paige that railroaded Don Kirshner (of Rock Concert fame) into the dirt and sold worthless shares of Kirshner International (KSNR) to several parties in 2004 and 2005. Greg Paige also allegedly was almost indicted on securities fraud charges, this is well documented by financial sources.

The fun doesn't end there. Adam Silva's long term business partner Howard Minsky is a convicted fraudster and served time for credit card fraud in Florida. Mr. Minsky’s no stranger to underhanded Internet tactics such as spam and spyware and adware. Yadio was released with a heavy dose of both elements and continues to distribute a product that has unremovable stub components some experts allege leaves computers completely open to their control through the download of the "Yadio Player".

This is documented here:
and here:
and here:
and here:
or just Google "yadio spyware" and see what comes up.

I did some casual searching of the Yadio "subscribers" and came up with a few inconsistencies regarding name, e-mail, web site and such. One person was listed as being in Boca Raton, click the web site and it's a "singer" looking for connections (a'la MySpace)... but the web site lists an AOL e-mail. Which, if you search the AOL screen name, you find that person is actually a school teacher in Oakland, Ca.

These two also own as well as Theadstop has a history of sending spam. They may possibly be using's list to do this with, some of the entries when you google " spam" it makes you wonder where they get their lists from.

Regardless of all the past history Martin has with Green, their efforts to run up GTX failed when their merger fell through, which was due to a series of outstanding debts that David Hagen had run up and had not disclosed. The run up "peeked" at ~$10, where the first sell off occured, and since then it's been pump-and-dump, but without the "big" dollars they envisioned in the beginning.

It was always chronicled here the press releases and the timing/inconsistencies. The timing of the press releases leading up to the merger were designed by Martin to increase the stocks value so that the insiders could cash in. The new management team was to be issued stock immediately and that stock was immediately convertible, which the new management team was instructed to sell shortly after the merger had taken place.

Martin is really the "wizard" in this picture and has worked behind the scenes to try and game the system to further his own wealth which includes; two horse farms and an Australian breeding operation which he maintains for his daughters obsession with competitive equestrian events. He is well known in the horse community and maintains a large and rare collection of sports memorabilia.

We always wondered who was the real "leader" here.. was it Woltz? Or Kos? Oemke? (Hagen could never be the one) or someone else.. well, it's someone else. If you are looking for the person behind the scenes who is the real puppet master, it is Trent Martin.

Next up, details of the time during the "sale" of Gatelinx and the players during that time... watch for it.

Investors Beware.. GTXC is a SCAM.


Anonymous Anonymous said...

Yadio and Kirshner have, apparently, been in cahoots for some time.

If what you say is true, and given the accuracy and detail in most all of your posts I have to think so, these guys are worse than anyone thought.

2:16 PM  
Anonymous Anonymous said...

one more example of the Yadio player being involved in unknown and unauthorized spyware..

4:50 PM  
Anonymous Anonymous said...

How / where can I get more information on this?

5:34 AM  
Anonymous Anonymous said...

Is there a way to contact this blogger? I would like more information on this GTX Global issue. thanks

5:18 AM  
Anonymous Anonymous said...

Hi, I'm trying to get more information on Trent Martin...can you help me?

11:08 AM  
Anonymous Anonymous said...

Howard Minsky has never been arrested! Your facts are inaccurate and deceptive.

7:01 PM  
Blogger ex-GTX said...

OK Howard. Whatever you say

10:27 AM  

Post a Comment

<< Home