Federal prosecutors in North Carolina continue to march out alleged conspirators in a multi-million securities scam encompassing a handful of penny stocks.
Bryan Kos, a stock promoter who a few years back settled civil charges with the Securities and Exchange Commission, has now been indicted under one count of conspiracy to commit securities fraud and one count of conspiracy to commit money laundering.
David Hagen, founder and former chief executive of one of the companies which stock was unlawfully pumped and dumped, was also indicted under similar charges.
Hagen has been under arrest since he returned to the U.S. earlier this year. An arrest warrant has been issued for Kos, a U.S. citizen who resides in Canada.
Co-conspirators Jeremy Jaynes, Sam Currin, Howell and Vernice Woltz already pleaded guilty for their roles in the conspiracy.
Kos, Jaynes and Hagen were featured in several Dow Jones Newswires "In The Money" columns for their participation in the illegal promotion of Absolute Health and Fitness Inc. (AHFI), Concorde America Inc. (CNDD) and GTX Global ( GTXC).
According to criminal prosecutors, proceeds from the GTX Global pump and dump alone topped $31 million. Those proceeds, like others from different stocks, were then laundered through foreign and domestic accounts.
Recently unsealed court documents show that Jaynes, a convicted Internet spammer who has been under house arrest while he appealed his conviction, pleaded to one count of securities fraud in November 2006 and has been cooperating with the government since then.
Jaynes was charged in 2003 under a Virginia state law banning the bulk distribution of junk email. He was sentenced to nine years in prison in that case. Under the terms of his deal with federal prosecutors, he faces a maximum sentence of 20 years imprisonment but could get a lot less because of his cooperation. Jaynes is scheduled to be sentenced on May 6 for his role in the securities fraud case.
The complaint filed against Kos, Jaynes and others followed in the footsteps of civil cases filed against promoters and entities associated with some of the same companies by the SEC in the U.S. District Court for the Southern District of Florida in 2004.
In that original case, Kos and another promoter named Donald Oehmke were accused by the SEC of having pumped the stocks of Concorde America and Absolute Health and Fitness. The two stock promoters, without denying or admitting the charges, settled with the SEC and agreed not to violate securities laws.
-By Carol S. Remond; Dow Jones Newswires; 303 997 5783; carol.remond@ dowjones.com
Next up, Ivan Ivanov, Edward "Ed" Ovsenik, Curtis Garth, Keri Keenan-Hagen and Annette Hagen-DeFusco likely too.
16 Comments:
Just called Gretchen Shephard today. Any and all participants from this site's bloggers that were victims--that includes former employee's- should call her office @ 704-344-6222!!
(You losers who have been using this site as your"best friend" need to shut up and get lost now. Go to Citreon/Stocklemon as you will find more new castles to haunt!!) Our considerate Moderator has better things to do than re-direct your garbage. Especially now that we need ONLY SPECIFICITY!!
Thanks for the update, Hugh. And please, no more outsiders as it convolutes the blog.
Hello Carl, DD, etc. It's on the move now!!
Richard Bennett
Correction:
Victims should call Attorney Matt Martins at 704-338-3134.
Richard Bennett
Hugh? Who is Hugh?
Just stepping in to "convolute" the blog. I think, just a guess, our "considerate Moderator" promotes free speech. AND, Richard, you will not stop anyone from visiting or posting here. It is free to the public and we all pay a ISP just as you do. If you want to restrict a blog, go start your own. The moderator is posting PUBLIC information, for the PUBLIC. It is not here just for you and your chosen ones, pennies or millions, it is not yours and EXGTX is not your puppet. Sour-puss.
-Dick
BTW, as a ex-employee, I really appreciate you posting the wrong contact and ph # to call. I didn't know you were capable of such careleness. I am disappointed. What a mockery!
Richard, ya gotta get the number right the FIRST time. You don't want to look like a dumbass, do ya?? (it is hard to tell sometime)
OK. So how do I tell if the "Real Victims" come forward? Simple, post a "wrong" number/name and see who found out that it was "Wrong". A "non-victim" would probably NOT try the number. (Oh maybe the jerk-off's who have no position might as they only have this in their life!) The ones who already stepped up have the correct connection!!Smile folks. Gotcha!!
Richard Bennett
Genetic1@myway.com
AND: the Chapter 7 Trustee is still awaiting your calls!! Need the number? :)
PS:
Sure, Richard, sure.
since i am "one to gossip, truly" heard hagen signed a guilty plea and than decided not to plea---that is why his first lawyer quit. also heard he was looking at 2 charges with up to 20 years on each...ouch.
bond hearing set for 5/8/2008
Montreal Gazette April 26
"In a 29-page indictment, the U.S. attorney in Charlotte, N.C., alleges that Kos and Hagen -- who was convicted in 1990 of mail and bankruptcy fraud as well as money laundering -- earned $23.4 million by artificially creating demand for shares in virtually worthless companies between 2003 and 2006."
ex gtx, won't you please post the indictment?
http://www.traderspicks.net/?arid=Richard-Bennet-is-a-Douche-Bag-hahahaha
http://www.traderspicks.net/?arid=Richard-Bennet-is-a-Poor-Investor
But Richard BENNETT is not a COWARD!Nor a pussy who insults advocates under a non de plum--as in anonymous MOUSE--like you.
I could lose a few million and still buy the street you live on and make you move into another rathole.
What's YOUR name, LOSER!! And for what it's worth, there are approximately 7000 investors who would really like YOUR real name and contact. Just as MINE is always available. Scared, little piggy?
What's your info? You can't insult me as I am invulnerable because I am visible. I only respond to remind you that every shot you--or others--take at me you take at those who were not liquid enough to survive the Hagenites--which you probably are one of the scammers--and who lost a dream to the dirt of Pigs. Yes PIGS who could care less about anyone who worked hard and long. Who saved and scrimped and was taken in by scammers. So call me what you wish, anonymous loser. And remember when you lay your head on your hovel, that you have to deal with your pitiful ego every time you breath. Looked into the mirror lately? Oh darn, rodents have poor vision.
Now, Hugh, lets get back to the business at hand.
IN CASE YOU FORGOT:
Richard Bnnett MD PhD
Genetic1@myway.com
Yes, let's get back to the business at hand. CAN'T SOMEONE POST THE 29 PAGE INDICTMENT?
Do you all really not know where to find these documents? Dang people, do some research!
Dear Richard Bennett,
My name is Ryno, my Dad invested thousands in GTX and you know the story, he was using it to advance my racing career as I have been racing since I was * years old. I have taken championships in Can-Ams, Quarter Midgets, Micro-Sprints and just last year I was noticed by ASA Late Model Champion Rod Cordon @ I-70 Speedway in Missouri where Carl Edwards, Clint Bowyer, Jamie McMurray all raced before becoming Nascar Drivers " I am now driving Jamie McMurrays old Late Model" and to make a long story short I finished 4th 2 weeks ago and was finally getting used to the car and was running up front when on a restart I was hit and ruined my car and was wondering if you thought there was a chance we would ever see any of the money we lost as we did send the certs to the Bankruptcy Court that will see if anyone will get anything back. I sure could use the money to fix my car as I know I have what it takes to be a Champion but do to what has happened I am now struggling to get her fixed back up to a competitive state, I heard some comments about you that are negative and do not understand what their talking about but it seems you know what is going on and if you could e-mail me I would appreciate it. my e-mail address is papatom@netzero.net , my name is Ryno Burke and I can e-mail you some of my racing videos of me out at the tracks.
Hope to hear from you as at my age"18" now I am not as savy as the rest of you all.
Sincerely,
Ryno
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