Tag Archives: Debt

The “Purchaser” in SEC v. NIR Group

Speculation has stirred for years on stock boards on who the “Purchaser” mentioned in the 2011 SEC complaint against The NIR Group is. Not so far fetched that many pointed the finger at Noveshen who in 2008 was living in a home in foreclosure and was under a mountain of┬ádebt in the hundreds of thousands, had several phone lines shut off (Envision Capital was unreachable for at least two weeks), credit cards cut off and lawsuits filed against him in 2008 for unpaid debts. Eric Noveshen was one of the two PIPE deal finders mentioned in the 2010 SEC complaint against NIR’s Daryl Dworkin for paying bribes to him. There’s also those comment’s Ribotsky made about Noveshen in a┬ádeposition in Sept. 2009.

NIR Purchaser

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NIR Purchaser 2

NIR Purchaser 3

NIR Purchaser 4

Off the wall too