Tag Archives: Broward County Court

Noveshen Says It’s “Hard to Resist the Urge to Engage in Tit-For-Tat Litigation”

Parody or commentary, you decide.

Sometimes “It is hard to resist the urge to engage in tit-for-tat” reporting of Eric Noveshen’s underhanded litigation techniques.

The irony, Noveshen writes in motion he filed in September of 2015 that it is hard for him to “resist the urge to engage in tit-for-tat litigation and seek sanctions…” Has this man ever counted how many motions for sanctions he has filed against opponents? Is he high when he writes this garbage. Has he seen how many meritless motions he files going “tit for tat?” Does he realize he just filed a complaint that is 400 pages long? Or that he was admonished by a federal judge for his relentless attempts and numerous motions trying to depose a billionaire?

Take a look at some of his dockets judge for yourselves, a handful of non-current cases are linked below.

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What is eric noveshen INFO?

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The purpose of this blog is explained in more detail below and has always been available. Some are not fond of the research we provide on Eric Noveshen. We received another anonymous threat today:

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Dear Anonymous threat, this blog is not about “ONE GUY.” This blog is not intended to help or harm Eric Noveshen. It is intended to potentially help thousands of investors in the microcap stock market that might invest in a penny stock Eric Noveshen is behind. It is also intended to provide background that potentially helps other investors, individuals and financial institutions such as mortgage lenders and credit card companies considering doing financial business with or providing loans to Noveshen.

No it would not be worth it if this was about ONE GUY. This blog is about THOUSANDS of INVESTORS, LENDERS and INDIVIDUALS who could fall victim to one of his scams. Are thousands of people worth it? You be the judge. 

If the Courts believe there is anything wrong with this blog issuing warnings to investors, lenders and regular joes, based on-and backed up by concrete documentation we will take it down. And Eric Noveshen can laugh all the way to the bank with more money from new investors and lenders.

New victims will end up in court trying to recover their money from Noveshen. Ask American Express, Citibank, KRG/Pem. Pines, Northstar Mortgage, Christina Carter, Paul Carter, Margaret Welter, Adam Shuman, Ralph Desiano, Barry Franklin, Allen Licht, Wakefield Quinn and Eric’s own biological grandmother Estelle Hartman how much fun it is to chase Eric Noveshen around to recover money he owes or took!  —  Good Luck!!!

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The NAICS classifies Eric Noveshen’s company Envision Capital LLC of Fort Lauderdale, FL a provider of “Investment Advice.” When an “investment advisor,” broker, firm, etc, is not registered with FINRA consumers have almost no collective source of information to decipher if it is safe to do business with the company. Investors of all income levels should have the right to relevant information about anyone managing their money or giving advice about their money. In this case, Noveshen WAS a registered broker up until 2003 or 04. According to its website, “FINRA also provides the public with access to relevant information about formerly registered brokers who, although no longer in the securities industry in a registered capacity, may work in other investment-related industries or may seek to attain other positions of trust with potential investors. Through its BrokerCheck service.” Noveshen hasn’t been registered in over TEN years. The information FINRA provides is extremely relevant, 10 years of no oversight leaves an incomplete picture of Noveshen. This website is intended to do no more than provide background information on Mr. Noveshen to individuals and companies who may be looking to do business with him.

How Ribotsky and “The Purchaser”Kept NIR’s AJW Fund Fraud Alive

A recent blog sited a 2011 SEC complaint against the NIR Group and Corey Ribotsky. Part of the complaint stated Ribotsky “entered into a multi-million dollar transaction with the Purchaser and his entities that was clearly not in the best interest of the AJW Funds.” The complaint further states, “Prior to entering into the debenture transactions in November and December 2008, Ribotsky knew and in fact told others the Purchaser’s character and reputation for honesty were suspect.”

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There was much speculation on several investment boards that “the Purchaser” was Eric Noveshen. Ribotsky commissioned an investigation into the Purchaser’s financial condition, part of the report summary:

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From Investors Hub,  investorshub.com 

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Description of the “Purchaser” in the 2011 SEC Complaint: 

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We wondered why would Ribotsky enter into a multi-million-dollar transaction for AJW Funds with a “Purchaser” he clearly knew was not financially sound enough to pay his own credit cards?

The SEC summed it up simply, the transaction, that was sure to fail, allowed Ribotsky to report “a “realized” gain at a critical time without his funds actually receiving any money.” In other words it allowed him to defraud AJW investors longer. We don’t know if “the Purchaser” was compensated for assisting in this act of fraud.

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Speculation that the “Purchaser” was Eric Noveshen was not limited to the timing of his Edooorways deal with NIR. The SEC complaint says the Purchaser had many debts. Court records show many lawsuits were filed against Novehsen, his companies and straw buyers, for failure to pay credit cards and other obligations in 2008 and 2009, below are just a few.

American Express vs. Cheryl Wilson and Eric Noveshen filed June 2008. 

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KRGCrec vs. Eric Noveshen filed May 2009, Cypress Creek vs. Envision Cypress (Eric Noveshen’s company) filed November 2008, Citibank vs. Estelle Hartman, “interested party” and card holder Eric Noveshen filed Sept. 2009

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Wakefield Quinn Barristers & Attorneys vs. Envision Capital, Bridgewater Capital LTD (Eric Noveshen’s companies) filed in 2008

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The home he resided in went into foreclosure in 2008 as well. And his Former Wife found document’s apparently showing “clear wrong doing in the nature of mortgage fraud” likely occurred in Noveshen’s obtaining the use of that property.

Jpmorgan Chase Bank vs. Estelle Hartman (straw buyer for resident Eric Noveshen) Real Property Foreclosure filed July 2008 

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Aurora Loan Services vs. Cheryl Wilson (straw buyer for resident Eric Noveshen). Real Property Foreclosure filed April 2008 

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