posted
Is the the David Allen Hawkins you're talking about?
25-year quest for revenge lands Bellevue man in prison By Mike Carter
Seattle Times staff reporter
A 25-year obsession over a lost fortune has landed a Bellevue man and his attorney in prison for a scheme to exact revenge by fraudulently selling the homes of the lawyers, judges and bankers they blamed.
David Alan Hawkins, 68, and San Antonio attorney Harry Skeins Jr., 72, both received four-year prison sentences and were each ordered to pay nearly $1.6 million in restitution Friday by U.S. District Judge Ricardo Martinez, who commented on how Hawkins' "relentless" quest to right a decades-old wrong and Skeins' greed melded into a sophisticated conspiracy that victimized dozens of innocent people.
Assistant U.S. Attorney Vince Lombardi said Hawkins' aim was simple: "revenge."
"It was about screwing not to put too fine a point on it the people who did him wrong all those years ago," Lombardi said.
Evidence presented at trial in December painted a nuanced even pathetic picture of Hawkins, a developer who lost his shirt when financing for a multimillion-dollar condominium project crumbled with the collapse of Queen City Savings and Loan during the nationwide S&L crisis of the 1980s.
To add insult to injury, Hawkins won a $3.5 million jury verdict against the S&L, only to have it stripped from him by a judge over a technicality a move that outraged the jurors who had awarded him the money, according to court documents and news accounts from the time.
For years, Hawkins sought justice, using increasingly confrontational and bizarre tactics that included placing invalid liens on the homes of those he blamed including bankers, judges and lawyers and filing so many lawsuits that he was banned from filing documents in King County in 1994.
Beginning in 2006, when he met up with Skeins, the scheme turned more sophisticated and illegal. The pair moved to sell the homes of the perceived wrongdoers, with Skeins and Hawkins pocketing the cash.
To do this, they executed what Martinez said was one of the most sophisticated fraud schemes he'd ever seen.
How it worked
Hawkins and Skeins set up a fake title-insurance company and convinced lenders that they held legitimate liens on the homes of their victims. An Atlanta lender gave them more than $1.5 million for the sale of homes belonging to a state appeals court judge and a bank executive whom the men had no interest in whatsoever.
Eight other illegal "sales" were in the works including property belonging to other judges and lawyers when the men were arrested in 2006 after a judge's wife questioned a real-estate appraiser who showed up at her home one day, according to court records.
Even so, Lombardi conceded that Hawkins "was a sympathetic figure, to some extent" a man whose life and dreams were destroyed in the 1980s and who has spent every waking minute since then trying to right that wrong.
Hawkins' son, David Hawkins Jr., himself a lawyer, told the court Friday that his father, after years of disappointments, became "confused about the proper source of action" and that he was "heavily influenced by others" including government and tax protesters.
Defense attorney Robert Goldsmith presented a diminished-mental-capacity defense for Hawkins at trial. While the jury convicted Hawkins, Martinez said there "was no question in my mind that Mr. Hawkins has suffered from mental issues for many years."
The attorney
Skeins, however, had arrived on the scene only a few months before the scheme was hatched in 2006, and Martinez said Friday that it appears "the motive here is the most base motive of all greed."
Still, Skeins presented a sentencing conundrum for the court. While Martinez said Skeins barely dodged serving additional time for contempt of court the judge said his testimony at trial was "completely unbelievable" Martinez also noted that Skeins' bad behavior here reflected just a few months of a "lengthy life span as a distinguished citizen and soldier."
Skeins is a family-law lawyer without a blemish on his career up to his arrest in 2006. Before that, he served 28 years in the Army, rising to the rank of lieutenant colonel. He served two combat tours in Vietnam, where he won a Bronze Star and twice was awarded the Vietnamese Cross of Gallantry, according to court documents.
His lawyer, Howard Ratner, said Skeins had been depressed following a divorce and the loss of his ranch in Texas. At the time of the offense, he was living in a trailer.
Shortly after his arrest, Skeins wrote that he was "so ashamed I do not want to live anymore."
Martinez, in handing down the sentence Friday, said he was "satisfied that he is truly embarrassed and ashamed."
Mike Carter: 206-464-3706 or mcarter*seattletimes.com
posted
Ya I was readin the pdf on his complaint off pacer. It was a crazy story! Originally I recalled the name and was wondering if anyone had ever found a link in the documentation of cshd with any of that mess. (PB Mortgage/Mad Dog Builders)
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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Conversion Solutions and CEO hit with fraud judgment
2008-07-28 12:47 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
by Lee M. Webb
Conversion Solutions Holdings Corp. and its founder Rufus Paul Harris, a semi-literate promoter with a criminal record and a history of promotional debacles, have been hit with a default judgment in connection with a U.S. Securities and Exchange Commission (SEC) fraud lawsuit filed on Oct. 24, 2006.
Judge Clarence Cooper of the U.S. District Court for the Northern District of Georgia issued the order granting the SEC's motion for default judgment on July 21. The appropriate sanctions, including any civil penalties, will be determined following a hearing scheduled for Sept. 10.
Judge Cooper also dealt with two muddled motions filed by Mr. Harris, denying each of them.
The background
As previously reported by Stock Watch, the SEC's 2006 complaint alleged that Conversion and Mr. Harris filed fraudulent regulatory reports and, among other things, issued false and misleading press releases claiming that the company owned billions of dollars worth of bonds, fraudulently boosting the share price in the process.
Before the SEC filed its lawsuit and, on the same day, issued a 10-day trading suspension against the OTC Bulletin Board promotion, Conversion was busily touting an asset portfolio consisting primarily of bonds purportedly worth $7.3-billion. (All amounts are in U.S. dollars.)
As detailed in earlier Stock Watch articles, Conversion's bond claims were bogus. In fact, the company had no significant assets at all and its shares were virtually worthless.
In the wake of the SEC suspension, Conversion was booted from the OTC-BB to the grey market and the stock price, which had rocketed from pennies to $4 per share as a result of the fraudulent promotion, subsequently collapsed.
The imaginative Mr. Harris, who apparently has a rich fantasy life, assured the surprisingly large number of gullible investors prepared to give credence to his blathering that he would deal successfully with the SEC lawsuit. Indeed, according to Mr. Harris, he had the U.S. regulators right where he wanted them: in court.
Evidently Mr. Harris's clever gambit did not include paying any attention to Judge Cooper's admonishment that Conversion had to be represented by counsel, nor did it involve following the rules with respect to certain time constraints. Neither defendant filed a timely response to the SEC complaint and defaults were entered against the company and Mr. Harris in November of 2006.
The self-proclaimed brilliant market and legal strategist spent most of January of 2007 in jail after being arrested on a probation violation and he did not get around to filing a sloppy, belated answer to the SEC lawsuit until April. He followed up with a moderately less garbled answer and a motion to set aside the default in May of last year.
On Oct. 30, 2007, however, Judge Cooper struck Mr. Harris's late answer and denied his motion to set aside the entry of default.
Mr. Harris fired back with a motion to reconsider Judge Cooper's order on Nov. 7, 2007.
The SEC chimed in with a brief in opposition to the promoter's motion for reconsideration and filed a motion for a default judgment against the defendants on Nov. 16 of last year.
As part of his attempt to derail the SEC's effort to bring the matter to a close with a default judgment, on Dec. 17, 2007, Mr. Harris filed a motion to compel discovery and for sanctions against the U.S. regulator for allegedly failing to provide proper disclosure.
Judge Cooper addressed all three of the outstanding motions in the 15-page order issued on July 21.
The order
The judge first addressed Mr. Harris's motion for reconsideration of the Oct. 30, 2007, order denying the defendant's motion to set aside the earlier entry of default.
Judge Cooper noted that reconsideration is proper only if the movant has demonstrated that there has been an intervening change in the law, new evidence has been discovered that was not available at the time the original order was entered or that reconsideration is necessary to correct a clear error of law or prevent manifest injustice.
According to Judge Cooper's assessment, none of the arguments advanced by Mr. Harris, which ranged from a lament about not having enough money to hire an attorney to, among other things, allegations of improper conduct by the SEC and its lawyers, identified a change in the law, newly-discovered evidence or a need to correct a clear error of law.
"Instead, Mr. Harris's motion for reconsideration merely recites arguments that could have been made in his initial motion to set aside the default, and it provides no basis for the court to reconsider its prior decision," Judge Cooper stated, going on to deny Mr. Harris's motion.
Judge Cooper then turned to a consideration of the SEC's motion for default judgment, noting that the defendants, by their default, have admitted the complaint's well-pleaded allegations of fact.
According to the judge, those well-pleaded allegations of fact establish that Conversion and Mr. Harris violated a number of securities regulations.
"Conversion's filings with the SEC, signed by Mr. Harris, represented that Conversion owned and/or managed millions of dollars in bonds which were not, in fact, owned or managed by Conversion, and this information could only be described as information that would be important to a reasonable investor," Judge Cooper determined.
"Press releases were issued containing the same false information," he continued. "The release of this information influenced the price and trading of Conversion's stock.
"Mr. Harris knew that the bond information was false and/or acted with severe recklessness in connection with the SEC filings and press releases, and Mr. Harris's scienter may be imputed to Conversion."
Agreeing with the U.S. regulator, Judge Cooper says that those false filings and press releases violated Section 10(b) of the Exchange Act and SEC Rule 10b-5.
Judge Cooper also found that the company violated certain periodic reporting requirements in SEC filings "that fraudulently overstated Conversion's assets" and that Mr. Harris aided and abetted those reporting violations by causing the false statements and reports to be made.
The judge further determined that the SEC had established that Mr. Harris had signed false certifications accompanying Conversion's periodic reports containing financial statements "even though he knew that the forms contained material misstatements."
Having found Mr. Harris and Conversion liable for the violations alleged in the SEC complaint, Judge Cooper turned to the question of relief.
The U.S. regulator is requesting permanent injunctive relief, an order permanently barring Mr. Harris "from acting as an officer or director of any issuer of registered securities or of any entity required to file reports with the SEC" and substantial monetary civil penalties.
Judge Cooper has scheduled an evidentiary hearing for Sept. 10 to determine the appropriate sanctions.
Inasmuch as Judge Cooper denied Mr. Harris's motion for reconsideration and entered a default judgment against him, the bungling promoter's motion to compel discovery and motion for sanctions for failing to disclose was denied as moot.
The reaction
Mr. Harris, who once had a fairly large cult-like Internet following, served up some thoughts on Judge Cooper's order to the few remaining zealots who congregate on the latest of a series of members-only message boards controlled by the promoter.
(To retain the full flavour of Mr. Harris's posts, they are reproduced without drawing attention to the errors.)
"No Worries here, does not change anything to me, This was their intent all along!!!" Mr. Harris, posting as "Boss," exclaimed. "And no this is not the end, I look at it as retaliatory for a few recent and current events/actions!!!
"As I said before as long as I am alive, the day of reckoning will come!!"
Mr. Harris continued his excited rant in a subsequent post.
"See what cranking up the heat will get ya!!!" Mr. Harris wrote. "Just Another day in the neighborhood!!!"
"Did you expect this to be the result of your latest heat exchange?" one of Mr. Harris's devoted sycophants asked.
"Yeah Me and a few friends were completely expecting something, after a few shots were fired across their bow!!" Mr. Harris replied. "They also fire back!!!"
While the precise nature of this particular metaphorical exchange of fire is a bit of a mystery, most observers of the promoter's legal antics relating to the SEC lawsuit realize that Mr. Harris has been shooting blanks.
The Georgia promoter went on to ask one of his faithful followers, ordained minister Robert Fry, whether SEC attorney Alana Black had asked him to testify at the upcoming hearing.
"I have been told by several that they were planning this and that she has asked several to testify!!!" Mr. Harris wrote. "The ole I only bought because of this!!!"
Mr. Harris then took a direct swipe at Judge Cooper.
"I do like How Cooper denied one and mooted the other to keep from addressing the legal violations by the SEC!!!" Mr. Harris continued from the safety of his Internet message-board bunker. "You Go Cooper you managed dodged that bullet!!
"I be the other court will not see it that way!!!"
It remains to be seen whether Mr. Harris will show up for the scheduled hearing and, if so, whether he will be quite so quick to thumb his nose at Judge Cooper's ruling.
In a ********** interview, Ms. Black, the SEC's senior trial counsel in the case, also offered some comments about the most recent development.
"I'm glad to see we got that order and at least that resolved the issue of those pending motions," Ms. Black told **********. "And I'm hopeful that people will get some closure in their minds after this hearing."
********** asked Ms. Black whether any of the evidence the SEC was planning to present would be in the form of affidavits or other documents that would be filed with the court prior to the hearing.
"I think it is mostly going to be presented through witnesses, rather than be filed," Ms. Black said. "If it was something that I could have just filed, it would have been easier for me to do that at the time I made the motion initially.
"So, I'm not expecting to do a bunch of substantive filings before the hearing, although one never knows what will happen in this case and I could have to respond to substantive pleadings as I've had to do in the past."
Ms. Black pointed out that the hearing will be open to the public and a transcript of the proceeding will subsequently be available for a fee payable to the court reporter. ********** will obtain a copy of the transcript following the hearing.
"One thing that will happen is that the judge will eventually issue an order and those orders typically recite the evidence heard in court, so that will be available to people over PACER," Ms. Black said.
The SEC attorney confirmed that Mr. Harris could present evidence bearing on the matter of relief at the hearing and question any of the witnesses.
"If there is a hearing, both sides would have the opportunity to present evidence on whatever the question is that is in play at that hearing," she told **********.
Ms. Black acknowledged that she has heard from a number of investors who have expressed dissatisfaction with the notion of a default judgment and insist that the matter should go to trial.
"These facts have now been established to the satisfaction of the court and it would not be a good use of government resources to have a show trial to try to satisfy some investors," the SEC lawyer remarked.
"I feel for them," Ms. Black added. "I want them to understand what happened. I think you are doing a great service by laying it out in a way that is funny for people and lays out the facts."
********** will continue to follow developments.
Meanwhile, Conversion registers only sporadic light trading on the grey market and last changed hands for a tenth of a penny on July 24.
Comments regarding this article may be sent to lwebb***********.com.
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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posted
Heres something that may be of interest on Pacer. I hope theres not too many typos, i had to read and type from the PDF file.
Document 30 8/21/2008
Comes now defendant-appellant (Movant) who hereby moves the court to convene as an Article III Court for this Case, No. 1:06-CV-2568-CC. Pursuant to Article III of the Constitution of the United States of America and the common law rights secured under that Third Article, I the Appellant, Rufus Paul Harris, do hereby request and require a lawful hearing before an Original Article III Constitutional Court and not an insular court in the matter of Case No. 1:06-CV-2568-CC in the United States Court of Appeals for the Eleventh Circuit.
The matter to which Appellant has standing before this court is absolutely and "Article III matter" involving the Bill of Rights and the Constitution. Appellant has been and continues to be injured by the decisions of the Plantiff, U.S. agencies, and by the Orders of the lower court. Thus this Eleventh Circuit Court of Appeals has a duty to convene in this case an an "Article III" Court and not as an "Admiralty" or any other Court jurisdiction.
Article III of the Constitution, which established the Supreme Court "and such inferior Courts as the Congress may from time to time ordain and establish"... in which case defendants have a right to a trial by a jury of their peers, a right to due process and equal protection and all the rights guaranteed by the Bill of Rights.
Due to the violation of Constitutional Rights by the District Court actions, the Plantiffs actions, the involvement of International financial Instutitions, the Depository Trust Corporation (to a sum believed to be around 1 Billion USD through illegal market activities) and due to the lack of presecution or attention of these activities by the Plantiff (the governing United Stated Federal Regulator agency) an "Article III" Court under the Contituion should be convened because of the provisions that the Article III provides to protect the courts against influence by the other branches of government and any outside entity.
Appellant herby requests and requires that justices or judges who exist or qualify under "Evans v. Gore, 253 US 245 (1920)" parameters to be Article III justices or judges be assigned to this case in order to convene a Article III original Jurisdiction court.
If I, the Appelant, cannot be guaranteed an Article III hearing at the common law before this Court, I, a natural man, now announce and affirmed my right to such a hearing and request of this Court to ceritify that it, the United States Court of Appeals for the Eleventh Circuit, is not an Article III court.
NOW COME Defendants Rufus Paul Harris aka Paul Rufus Harris, and, pursuant, to Federal Rule of Appellate Procedure 3, file this Notice of Appeal.
The Defendant hereby appeals the Order and Opinion of the United States District Court Judge Clarance Cooper, entered July 21, 2008, in the United District Court for the Northern District of Georgia, Atlanta Division.
This defendant herby take appeals to the United States Court of Appeals fo the Eleventh Circuit.
Respectfully submitted this 18th day of August, 2008.
posted
There was also a document from the district court of georgia stating the enclosed documents for the appeal to the Eleventh Circuit.
And just two days ago the United States Court of Appeals psoted a document that they received the appeal and it appeasts they want some further documentation, specifically the CIP/stock ticker related info.
quote:Originally posted by TimW: There was also a document from the district court of georgia stating the enclosed documents for the appeal to the Eleventh Circuit.
And just two days ago the United States Court of Appeals psoted a document that they received the appeal and it appeasts they want some further documentation, specifically the CIP/stock ticker related info.
This is finally getting goood!!!
Think we will get our $15? RoFl
And to send in 450 bucks...I think he passed the hat around his zealot board to collect that
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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quote:Originally posted by TimW: There was also a document from the district court of georgia stating the enclosed documents for the appeal to the Eleventh Circuit.
And just two days ago the United States Court of Appeals psoted a document that they received the appeal and it appeasts they want some further documentation, specifically the CIP/stock ticker related info.
This is finally getting goood!!!
Think we will get our $15? RoFl
And to send in 450 bucks...I think he passed the hat around his zealot board to collect that
IMO you "think" wrong. He did not do that, and it is paid. One from his "zealot board" Posts: 360 | Registered: Aug 2006
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"If I, the Appelant, cannot be guaranteed an Article III hearing at the common law before this Court, I, a natural man , now announce and affirmed my right to such a hearing and request of this Court to ceritify that it, the United States Court of Appeals for the Eleventh Circuit, is not an Article III court."
LOL..Are we now suppose to place natural or artificial in out legal documents?
Sorry...I just thought the term was humorous... Hello Everyone...I thought that Dorothy had woke up and realised that this was all a dream? Hope everyone is well!!! (Hi Stock Momma!)
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by TimW: There was also a document from the district court of georgia stating the enclosed documents for the appeal to the Eleventh Circuit.
And just two days ago the United States Court of Appeals psoted a document that they received the appeal and it appeasts they want some further documentation, specifically the CIP/stock ticker related info.
This is finally getting goood!!!
Think we will get our $15? RoFl
And to send in 450 bucks...I think he passed the hat around his zealot board to collect that
IMO you "think" wrong. He did not do that, and it is paid. One from his "zealot board"
No offense, but what could possibly have you sticking around on that board? Its been close to 2 years since this debacle started, and nothing Rufus ever said has come true.
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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quote:Originally posted by TimW: There was also a document from the district court of georgia stating the enclosed documents for the appeal to the Eleventh Circuit.
And just two days ago the United States Court of Appeals psoted a document that they received the appeal and it appeasts they want some further documentation, specifically the CIP/stock ticker related info.
This is finally getting goood!!!
Think we will get our $15? RoFl
And to send in 450 bucks...I think he passed the hat around his zealot board to collect that
IMO you "think" wrong. He did not do that, and it is paid. One from his "zealot board"
No offense, but what could possibly have you sticking around on that board? Its been close to 2 years since this debacle started, and nothing Rufus ever said has come true.
Lol!!!
No offense to you either, but, had you been sticking around 'that board', you too would know!!!
You will see soon enough, be prepared for your mind to be blown!!!!
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!' Posts: 399 | From: leeds, england | Registered: Jul 2006
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quote:Originally posted by Tmoney: isnt today the day that dufus is suppost to be in court? just wondering i thought i read that in a previous post
He filed an appeal in regards to todays hearing. The appeal was denied...however its up in the air whether or not the Judge is "allowed" to deny the appeal.
I guess we will see how things play out today and if there is fallout. If they dont honor the appeal they will likely go through the motions of "sentencing" Mr Harris based on the evidence they dont appear to have. Oh wait, they have testimony from "damaged shareholders"...thats supposed to be their evidence I guess.
Its still an interesting scenario...and still worth following even though I may be called a zealot from doing so.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
If any of you played starcraft, you would know that a Zealot is a very strong base unit and the staple of the Protoss army!
Posts: 869 | From: Az | Registered: Sep 2006
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posted
Oh please, nothing is starting. More like its finishing. As much as I or anyone else still holding worthless shares (I don't even want to waste the commission money to try and sell them) wish something would happen nothings going to, sadly. What in the world could possibly keep these people on Rufus' board in full support of him?
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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"And so the fun begins!!! Boy is it only just starting!!!"
Isn't that what is said everytime Rufus loses? It's all part of the plan, Right? The only one that has been trapped by the brillant plan is Rufus and all the people still holding shares.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Funny all those post yesterday, ahh the master plan is unveiled...
Conversion Solutions the only public company to be working in collabboration with the US Government and 40 other countries on the CERN Supercollider.
CSHD with it's 500 Billion in bonds has enought financing (more than the GNP of some of the countries working on the project) to provide much needed cash to the project.
It is reported that Rufus Harris felt confident that the activation of the collider would no doubt cause numerous stable (and unstable) black holes into other dimensions. The stable black holes could then be harnesses and used much like in the Sci-Fi Channel hit TV show "STARGATE" in which interdimensional and interstellar travel could be acheived.
In a short interview with Mr. Harris at a local Atlanta, Georgia sanitarium, he mumbled incoherently. Oddly enough, it was also at that time, approximately 8:00am central time, that the CERN Supercolider was activated in Europe and also oddly enough, at that time three Hooters Girls arrived bearing chicken wings and beer. Mr. Harris seemed to snap out of what ever drug induced state he was in and with barbeque sauce on his face yelled "to infinity and beyond"! Amazingly enough. a black hole appeared and both Mr. Harris and the three Hooters girls stepped into it and vanished.
"I'm amazed, truly amazed, he was right all along" said one CSHD shareholder in a motorized wheelchair and using the help of a computer to speak. "I'm one of the worlds smartest minds when it comes to particle physics but I didn't think it would work". The mystery genius asked that his identity not be revealed. We will call him Steven H. for the purpose of this article. Steven H. is headed back to Europe in an attempt to locate Mr. Harris (and the three Hooters girls).
Posts: 2498 | Registered: Mar 2006
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Originally Posted by BOOOOOOM View Post Notes from court:
they said 3200 people lost 16 million from cshd
$157 mill all together
she was saying that the ucc-1 cert was fraud
they had thomas benson auditor for rph
merril lynch 2 reps sayin where they halted all the trade when his mom ,brother and wife tried to trade 2 days apart and dump a bunch of shares he gave reports on what all he spent his money on ...guess what it was....LOL horses...stables,feed, transportation,retail,resturants
said that rph got millions by tellin the share holders a 6-1 story
ucc-1 note was all fraud
alana said he was ceo of another corp in las vegas a few yrs ago broadband and got fraud charges brought up again she was tryin to prove that this was a pattern set by rph ...who knows
bloomberg terminal said that $157mill traded from sept 06 till oct 06
blue sheet statement says that there was NO evidence that rph sold any stock at this time
250,000 shares sold short
bloomberg sheets records and blue sheets kept by merrill lynch and benson his auditor
judge asked her if there was another ceo of the company ....she said that is the biggest mess ,,noone knows
alana tried to say that he was not married to his wife anisa jarrot at the time she tried to sell her shares...i have no clue on that
had david elzina from atl sec office there ..he says there is evidence that there is another bank somewhere not sure where
elzinga worked on rph personal wamu acct and said that rph lived outta the cshd acct he had no other job
showed where checks to ben stanley equaled up to $251,000.000from sept 05 -sept 06 and also his rent paid $13,964.00
cshd checks and debt card charges expenditures came up to $ 1,553,003.00
there was a total of $1,990,475.00 flow of corp deposits
alana had one guy there mark scott link from peachtree city ,GA to support her on his losses of $40,000
she said his brother christopher tood harris had 250,000 shares his mom faye had 350,000 shares and his wife or who ever had 1,000,000 shares thats what started all this red flag when they all wanted to sell within 2 days a lot of shares thats when merrill lynch stepped in and halted the stock from trading merill lynch
they had carol tucker and mr orr from merill lynch in rome ,ga testifying about the Harris family trying to sell the stock
merril only halted them through their brokerage...from selling
so basically the judge just ruled that rph cant be ceo for 7 yrs and $1,ooo,ooo * harris and $5oo,ooo*cshd and thats about it in a nut shell
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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Originally Posted by BOOOOOOM View Post Notes from court:
they said 3200 people lost 16 million from cshd
$157 mill all together
she was saying that the ucc-1 cert was fraud
they had thomas benson auditor for rph
merril lynch 2 reps sayin where they halted all the trade when his mom ,brother and wife tried to trade 2 days apart and dump a bunch of shares he gave reports on what all he spent his money on ...guess what it was....LOL horses...stables,feed, transportation,retail,resturants
said that rph got millions by tellin the share holders a 6-1 story
ucc-1 note was all fraud
alana said he was ceo of another corp in las vegas a few yrs ago broadband and got fraud charges brought up again she was tryin to prove that this was a pattern set by rph ...who knows
bloomberg terminal said that $157mill traded from sept 06 till oct 06
blue sheet statement says that there was NO evidence that rph sold any stock at this time
250,000 shares sold short
bloomberg sheets records and blue sheets kept by merrill lynch and benson his auditor
judge asked her if there was another ceo of the company ....she said that is the biggest mess ,,noone knows
alana tried to say that he was not married to his wife anisa jarrot at the time she tried to sell her shares...i have no clue on that
had david elzina from atl sec office there ..he says there is evidence that there is another bank somewhere not sure where
elzinga worked on rph personal wamu acct and said that rph lived outta the cshd acct he had no other job
showed where checks to ben stanley equaled up to $251,000.000from sept 05 -sept 06 and also his rent paid $13,964.00
cshd checks and debt card charges expenditures came up to $ 1,553,003.00
there was a total of $1,990,475.00 flow of corp deposits
alana had one guy there mark scott link from peachtree city ,GA to support her on his losses of $40,000
she said his brother christopher tood harris had 250,000 shares his mom faye had 350,000 shares and his wife or who ever had 1,000,000 shares thats what started all this red flag when they all wanted to sell within 2 days a lot of shares thats when merrill lynch stepped in and halted the stock from trading merill lynch
they had carol tucker and mr orr from merill lynch in rome ,ga testifying about the Harris family trying to sell the stock
merril only halted them through their brokerage...from selling
so basically the judge just ruled that rph cant be ceo for 7 yrs and $1,ooo,ooo * harris and $5oo,ooo*cshd and thats about it in a nut shell
Thank you!!!
Now the fun as started!!!
Pm me if you want further details as to this information as it will be wasted on alot here!
Posts: 399 | From: leeds, england | Registered: Jul 2006
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Next up; Brief (on its way), followed with appeal in Georgia Court System (also on its way), possibly something involving D.C (nothing yet confirmed) Finally share exchange with new company (Its already started filing )
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!' Posts: 399 | From: leeds, england | Registered: Jul 2006
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posted
Scam or not WE did not witness the rapid decline in stock price until the stock was halted by the SEC. I say again, thank you, SEC for protecting us! If the stock gradually declined like it would have our losses would have been SUBSTANTIALLY less as we would have gotten out on the way down.
Posts: 2498 | Registered: Mar 2006
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quote:Originally posted by fhalyesss: Now the fun as started!!!
Next up; Brief (on its way), followed with appeal in Georgia Court System (also on its way), possibly something involving D.C (nothing yet confirmed) Finally share exchange with new company (Its already started filing )
"Finally share exchange with new company "-- Care to elaborate?
Posts: 16 | Registered: Aug 2007
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posted
You're missing the point. Whether you, Stockstar69, held the stock from $3 down to worthless, or you held it from $3 to $2 and the person you sold it to held it from $2 to worthless, the same amount of money would be lost. You care about your losses, the SEC does not care about you individually. I'm curious what you think would be an acceptable course of action by the SEC? Did you want them to keep from halting long enough for YOU to sell, so that someone else lost all their money? If that's your opinion, then you don't really care that the SEC stepped in, you just care that you didn't have a chair when the music stopped. If you have an idea for how this could have been handled better, I'm curious what it is.
quote:Originally posted by Stockstar69: Scam or not WE did not witness the rapid decline in stock price until the stock was halted by the SEC. I say again, thank you, SEC for protecting us! If the stock gradually declined like it would have our losses would have been SUBSTANTIALLY less as we would have gotten out on the way down.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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