Mark Brecher Pleads GUILTY
Judge Samuel Currin, GUILTY and serving time. Howell Woltz and his wife Vernice, GUILTY and serving time. Jeremy Jaynes, GUILTY and serving time. Now Mark Brecher, GUILTY.
Hagen next, Bryan Kos next, then Ed Ovsenik, Curtis Garth, Keri Keenan, Ivan Ivanov.
Former GTX Global Executive Brecher Agrees To Plead Guilty By Carol S. Remond Of DOW JONES NEWSWIRES549 words7 July 200816:29Dow Jones News ServiceEnglish(c) 2008 Dow Jones & Company, Inc.
Mark Brecher, former secretary and treasurer of GTX Global Corp., has agreed to plead guilty to one count of conspiracy to commit securities fraud and one count of conspiracy to commit money laundering.
Brecher is one of several individuals linked to four heavily promoted companies to be indicted for his role in a multimillion-dollar securities fraud and money-laundering scheme.Parallel investigations by the Securities and Exchange Commission in Florida and the Federal Bureau of Investigation in Charlotte, N.C., already have led to several arrests, including that of former U.S. Attorney Sam Currin who pleaded guilty to money laundering and obstruction charges. Currin was sentenced to 70 months in jail last year.The four companies are Absolute Health and Fitness Inc., Concorde America Inc., Bio-Heal Laboratories and GTX Global Corp.
All four companies were promoted with the help of an Internet spammer named Jeremy Jaynes.Unbeknown to most defendants, Jaynes pleaded guilty to one count of securities fraud in November 2006 and had been cooperating with the government since then. Jaynes was recently sentenced to 52 months imprisonment for his role in the stock promotion. Jaynes was separately charged in 2003 under a Virginia state law banning the bulk distribution of junk email. He was convicted in 2004 and sentenced to nine years in prison. He is appealing that sentence.
Brecher and GTX Global Chief Executive David Hagen were arrested earlier this year. The bill of information against Brecher alleges that Jaynes, Hagen and Brecher conspired to manipulate the stock of the company between December 2004 and October 2006. The government alleges that Brecher and others gained control of millions of shares of GTX Global, placed them in the names of offshore entities and hyped the stock. They are then alleged to have sold the stock in the demand they created with proceeds exceeding $30 million.
According to an FBI affidavit filed in U.S. District Court for the Western District of North Carolina, Brecher received between $6 million and $9 million as a result of sales of fraudulently promoted shares of GTX Global. He held a majority of the profits in accounts in Switzerland, Panama and the Bahamas.The North Carolina criminal case against Brecher, Hagen, Jaynes, Currin and others followed on the heels of a civil suit filed by the SEC in U.S. District Court for the Southern District of Florida in 2004.In that original case, the SEC accused two stock promoters - Donald Oehmke and Bryan Kos - and related companies of having pumped the stocks of the two companies.
Without denying or admitting the charges, Kos and Oehmke settled with the SEC.In April, criminal prosecutors indicted Kos and Hagen under one count of conspiracy to commit securities fraud and one count of conspiracy to commit money laundering.Dow Jones Newswires raised questions about trading in the shares of Concorde America in August 2004. The SEC began its investigation a few days later.
Investigative reports revealing problems at Absolute Health and GTX Global were published by Dow Jones Newswires in December 2004 and December 2005.-By Carol S. Remond, Dow Jones Newswires; 303-997-5783; carol.remond@dowjones.com
Hagen next, Bryan Kos next, then Ed Ovsenik, Curtis Garth, Keri Keenan, Ivan Ivanov.
Former GTX Global Executive Brecher Agrees To Plead Guilty By Carol S. Remond Of DOW JONES NEWSWIRES549 words7 July 200816:29Dow Jones News ServiceEnglish(c) 2008 Dow Jones & Company, Inc.
Mark Brecher, former secretary and treasurer of GTX Global Corp., has agreed to plead guilty to one count of conspiracy to commit securities fraud and one count of conspiracy to commit money laundering.
Brecher is one of several individuals linked to four heavily promoted companies to be indicted for his role in a multimillion-dollar securities fraud and money-laundering scheme.Parallel investigations by the Securities and Exchange Commission in Florida and the Federal Bureau of Investigation in Charlotte, N.C., already have led to several arrests, including that of former U.S. Attorney Sam Currin who pleaded guilty to money laundering and obstruction charges. Currin was sentenced to 70 months in jail last year.The four companies are Absolute Health and Fitness Inc., Concorde America Inc., Bio-Heal Laboratories and GTX Global Corp.
All four companies were promoted with the help of an Internet spammer named Jeremy Jaynes.Unbeknown to most defendants, Jaynes pleaded guilty to one count of securities fraud in November 2006 and had been cooperating with the government since then. Jaynes was recently sentenced to 52 months imprisonment for his role in the stock promotion. Jaynes was separately charged in 2003 under a Virginia state law banning the bulk distribution of junk email. He was convicted in 2004 and sentenced to nine years in prison. He is appealing that sentence.
Brecher and GTX Global Chief Executive David Hagen were arrested earlier this year. The bill of information against Brecher alleges that Jaynes, Hagen and Brecher conspired to manipulate the stock of the company between December 2004 and October 2006. The government alleges that Brecher and others gained control of millions of shares of GTX Global, placed them in the names of offshore entities and hyped the stock. They are then alleged to have sold the stock in the demand they created with proceeds exceeding $30 million.
According to an FBI affidavit filed in U.S. District Court for the Western District of North Carolina, Brecher received between $6 million and $9 million as a result of sales of fraudulently promoted shares of GTX Global. He held a majority of the profits in accounts in Switzerland, Panama and the Bahamas.The North Carolina criminal case against Brecher, Hagen, Jaynes, Currin and others followed on the heels of a civil suit filed by the SEC in U.S. District Court for the Southern District of Florida in 2004.In that original case, the SEC accused two stock promoters - Donald Oehmke and Bryan Kos - and related companies of having pumped the stocks of the two companies.
Without denying or admitting the charges, Kos and Oehmke settled with the SEC.In April, criminal prosecutors indicted Kos and Hagen under one count of conspiracy to commit securities fraud and one count of conspiracy to commit money laundering.Dow Jones Newswires raised questions about trading in the shares of Concorde America in August 2004. The SEC began its investigation a few days later.
Investigative reports revealing problems at Absolute Health and GTX Global were published by Dow Jones Newswires in December 2004 and December 2005.-By Carol S. Remond, Dow Jones Newswires; 303-997-5783; carol.remond@dowjones.com
posted by ex-GTX at 8:00 AM
2 Comments:
The question is how do investers get there money back out of gtx ,We have all documentation on paper and monies invested in excess of 250k . We need help.
Please responed.
In the post from Monday, July 21, 2008 entitled "JUSTICE FOR ALL" that details all the contact information and process.
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