Tag Archives: financial fraud

New Regime, Same Goals: Inform, Expose Truth

A Personal farewell.
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In November 2015 I agreed to take over this blog for six months. Then it was inconceivable that one man could generate enough solid news worthy public documents detailing fraud and other strife to cover more than six months. Wrong. Noveshen continues to fire off documents detailing his hypocrisies, frauds and illustrating how his mind control of a few makes him no more than a propaganda spewing dictator. 
 
Eric Noveshen is a propaganda machine. He is a one man conspirator who takes others under his wing turns them and they must operate in total secrecy as he convinces them the conspiracy is against “me” or “us.” It is made easier with a mother that appears genetically different in build, height, eye and hair color. She either plays his conspiracy, pity me game very well or more likely taught him how to play it and guilt persuades her to feed the beast she manufactured. Noveshen makes the decisions, dictates the actions to his disciples. The Noveshen conspiracy only works because he alone controls the flow of information. Noveshen even controlled the flow of information of this blog while it sat idle for almost a year until the original creator agreed to step down.   
 
Articulating the many atrocities committed openly exposes Noveshen to resistance and he does not like resistance to his mandates. Hence Noveshen’s crusade to stop any reporting done about him. To bury it on page five. Noveshen’s efforts are non-persuasive. Reposts of sports scores is weak. Nothing original because he keeps his real missions secret among those who agree to be part of the conspiracy. Posting decade old photographs on sites like Classmates – where for some unknown reason he states he graduated from Castor Valley high school (he did not) are as weak or more. 
 
To change the public ideologue Noveshen must change his behavior and that he will not do. Dictators do not take orders even when they know they are wrong. He stomps his feet and cries foul in court to feed his co-conspirators one more lie to keep him afloat another day
 
Noveshen claims he went into finance because he sees himself as a Bud Fox. The Charlie Sheen of the 80s, powerful wealthy, not bad on the eyes. Noveshen is not even a 2015 Charlie Sheen. In person Noveshen, with his blood-shot angry eyes and middle tire, is more a cross of Hannibal Lecter and Larry the Cable Guy (humble opinion).
Eyes desperate to render reporting of Noveshen’s true actions, including non-profit media pages like this, obsolete. This hinders the ability of Noveshen’s co-conspirators to process and decode the facts and public documents on this site for themselves. Dictators only work if they can keep their fans ignorant of the truth and infiltrate with fear. Noveshen attempts to cover his mis-deeds with the same patterns over and over. It is time to find a different decoy. The woman he sent in the moo-moo sneaking into the office during non-hours. Naming the same cases in motion after motion with the same trite wording serves only to expose the attorneys who let Noveshen file under their bar number. Did they think everyone too stupid to notice that a man who did not graduate from college writes the anger filed pages? This points to the conspiracy functions of the attorneys, “business associates” and others Noveshen surrounds himself with.

The swath of secrets and those willing to perpetuate his lies keeps Noveshen afloat. 

It is pathetic hearing Noveshen and his shills lament how he is a target how justice for him is impossible when he claims outside of the other side of his mouth, laughing, how he has lawyers eating out of his hand claiming they learn from me.
Intriguing as it might be to be taught law school lessons by Hannibal and Larry, I will pass. I leave you in good hands. My successor is every bit as troubled by the beast and motivated to help prevent others from falling victim to Noveshen scams by exposing them. The rules remain the same: to be published a story must be based on evidence. Documents are preferred. The twenty or so videos we’ve been sent of Noveshen walking in and out of airports, restaurants and bars does not educate or inform potential investors or loan officers. Documentation of Noveshen’s gaming, refusals to pay bills, loans and the legal windstorm he creates when people / companies attempt to collect Noveshen’s debts is the kind of news reported here. Do svidaniya.  

Scamming Money from Family for over Ten Years

Of all the warnings about financial mingling with Eric Noveshen this one is the most important, never loan him money. He will use the courts improperly or bankruptcy to avoid repaying his debts. Even to family.

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One example, Paul Carter, Father of Noveshen’s ex-wife, Christina Roberts, loaned Noveshen $10,000. Noveshen gave Paul Carter a bad check (he has a long history of bouncing checks that could encompass more than one blog). image

Instead of making good on the check to the Grandfather of his only child at that point, Noveshen included Paul Carter in his 2005 bankruptcy filing to avoid paying him all together.

Real solid family man or putz? You decide.

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Lil Wayne – Avoid Your American Express Bill With this 5-Step Frivolous Litigation Technique!

Novsehen sued by American Express

What does Eric Novsehen have in common with rap star Lil Wayne? Both are being sued by American Express according to court documents filed in the last six weeks.

Lil Wayne is being sued for $86,396.75 in unpaid bills. Eric Noveshen was sued in Broward County, Florida in 2008 by American Express for a similar amount, $81,354.24. Noveshen was sued again by Amex in June 2016 for $29,000 for new unpaid bills.

Behold the 5-Step Eric Noveshen Wipe-Out-Debt with Frivolous Litigation Playbook

It works! By running American Express to the Broward Courts for six years, Noveshen was able to get them to settle his $81K debt for only $30,000 and he didn’t have to pay a dime of legal fees! That’s $50,000 of FREE MONEY Noveshen got to spend on the dime of other Amex card holders. 

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The only downside, you have to file A LOT of FRIVOLOUS motions. See how many here:

Amex V Wilson Noveshen Docket

Young Money Welcome to Free Money! Here’s how it works: 

https://ericnoveshen.wordpress.com/2016/03/18/claim-credit-card-company-harassed-you-lose-your-debt/

1. First claim you were not served:

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2. Play Victim. Claim AmEx is “harassing” and causing you “emotional discomfort” by trying to collect the money you owe them: 

adccamexScam to Avoid Credit Card Eric Noveshencc33amex

3. Ask the Judge to sanction Amex for trying to collect money you owe them.

4. When American Express gets a judgment despite all your frivolous filings, file an appeal at your state Appeals Court. This delays and maybe Amex will settle with you:

Frivolous Appeal Florida 4th DCA

5. You are likely to lose the appeal, as Noveshen did. But by this time Amex will have spent so much legal money they might agree to mediation.

Pull some strings and find a mediator office you have a friend of a friend who works there like people speculate Noveshen did. Amex lawyers won’t know and may not care they are only hired by Amex, you’ll have a leg up.

Noveshen did exactly that and after six years of burdening the Broward Court of Florida with frivolous litigation he was able to settle his $80,000 bill for less than half – $30,000. – $50,000 of free money for Noveshen at the expense of Broward County tax payers and American Express card holders who pay more in fees for frivolous litigation like this. But we think Noveshen relates to your lyrics: You observin it, I’m absorbin it, Judge mad cause a n—a make more than him.” 

Novsehen sued by American Express

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Eric Noveshen /his company Bridgwater Advisors were sued agiain by American Express for unpaid bills of $29,000. You can watch that case to see if Noveshen has any new legal tricks up his sleeve to get out of paying debt. It’s brilliant on one hand, on the other it’s a shame the legal system allows it to burden the courts.

Noveshen refuses to pay American Express - Again

Noveshen refuses to pay American Express - Again

 

Blog Serves Public Interest of Investors And Promotes Noveshen is Willing to ‘Play Ball’

Eric Noveshen has a knack for the poor me story (as stated by his grandmother in a letter the last blog).

Now he’s asking the court to shut down this blog claiming that he can’t get work. Anyone who knows what kind of work Noveshen does can see this blog is the best advertisement for hire Noveshen’s ever had.

You can’t go on a LinkedIn resume and write “I’m down to play dirty ball in microcap stock fraud.”

This blog does that for him in shining colors. So the false loss of work story is not why Noveshen wants this down. This blog helps him get work.

Noveshen wants this blog down because while those companies want guys who will play dirty, but Noveshen doesn’t want to show them he’s on the radar of the SEC, FINRA and the Department of Justice. And don’t forget the many financial investigative reporters lurking in the background just waiting to break their next story.

To remove this blog would be an injustice to the Public, to anyone considering entering the microcap stock market. According to Investopedia, “Penny stocks aren’t a lost cause, but they are very high-risk investments that aren’t suitable for all investors. If you can’t resist the lure of micro caps, make sure you do extensive research and understand what you are getting into.”

The full article explains why extensive research is often hard to come by, the promoters and consultants make it that way on purpose. They don’t want you to know that $5000 suit you are about to buy online is stained before you click order.

The Lowdown On Penny Stocks” | Investopedia http://www.investopedia.com/articles/03/050803.asp#ixzz4CgSAN9lW

Yes we also cover Noveshen’s grotesque abuse of the Broward County and Florida court systems and his willingness to steal money from his own family because that’s called transparency folks. If you’re going to invest your money in a penny stock you should have the right to know if one of its main consultants will take from his own family then he’ll probably take from you. The public should have the right to this knowledge.

Penny stocks are a fools game.

“You’re betting against the house – and the house always wins,” according to reporter John Divine, in 5 Reasons to Avoid Penny Stocks at all Costs. “Everyone remembers the grandma who won the $10 million jackpot playing the slot machine.

“5 Reasons to Avoid Penny Stocks at All Costs”

http://money.usnews.com/investing/articles/2016-03-29/5-reasons-to-avoid-penny-stocks-at-all-costs

“But no one recalls the 100,000 players who lost $100 apiece to pay her out. No news articles are written about the next 100,000 gamblers who flushed their hard-earned savings into the casino’s bottom line.

To take this information down would be a disservice to the public interest. AND THERE WILL BE MORE PENNY STOCK INVESTORS VICTIM and victims to other financial scams orchestrated and calculated by Eric Noveshen and his crew.

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US Attorney General: Why did Eric Noveshen Walk Away but Daryl Dworkin Had to Pay?

US Attorney General, how much more securities fraud are you going to let Eric Noveshen get away with?

Why did Daryl Dworkin have to pay back the $375,000 kick back money and fines but Noveshen didn’t have to pay a dime of restitution?

Why are two men guilty of the same securities crimes but only one is sentenced and fined?

Why was Eric Noveshen’s cut of the Medgen money laundered “consulting fees” left for him to enjoy? Did he even pay taxes on that money? Probably not, he’s allowed to commit tax evasion too? Noveshen has some serious power with the SEC and IRS, not even an hand slap.

Does the SEC and Dept. of Justice know or care how many investors have been hurt in six years since they let Eric Noveshen walk away from his criminal acts? Check with investors in these microcap stocks ….EDWY, SMEV, SLGS, PNOW (formerly OTHM), HIMR, GAHC, BMIN and more. 

Transcript from United States of America v. Daryl Dworkin 

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Transfer Agent Investigated by SEC Connected to a Noveshen Pump-and-Dump Scam

On May 25, 2016 a cease and desist was issued by the SEC against transfer agent American Registrar & Transfer Company.

This is the same transfer agent the consulting team led by Ajene Watson consisting of Eric Noveshen insisted that microcap company Simulated Enviornment Concepts, INC (SMEV)  use as a TA so that defendants, including Noveshen, could “control and influence” the transfer agent during their manipulation of SMEV’s stock price.

Click to access 33-10082.pdf

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Connection to SMEV Stock and a list of some companies American Registrar & Transfer Co. associated with from http://www.otcmarkets.com

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Below are parts of the complaint detailing the pump and dump scheme allegedly lead by Ajene Watson, and the entire complaint is here:

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SMEV Compaint Cover

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The SEC defines the important role of transfer agents in preventing microcap fraud scams below:

Revisiting the Role and Regulation of Transfer Agents

https://www.sec.gov/News/Speech/Detail/Speech/1370540828740

“Obviously, when trillions of dollars are involved, it is important that transfer agents fulfill their responsibilities with accuracy and professionalism.  And, fortunately, that is usually the case.

Another critical responsibility of transfer agents is to keep track of the restrictive legends and “stop transfer” orders that distinguish restricted securities and control shares from freely-tradable securities.  As such, transfer agents are often in a position to prevent unregistered securities from being distributed in violation of the Securities Act.  This gatekeeper role takes on particular importance with microcap securities because typically there is little, if any, meaningful disclosure or independent research regarding such companies.  The potential for fraud and abuse in the microcap markets is well-known.[27]  Indeed, violations of the registration provisions are often associated with microcap pump-and-dump schemes and other penny stock fraud.

In fact, the Commission has brought numerous cases against transfer agents who violate federal securities law in connection with fraudulent pump-and-dump schemes.[28]  You can expect the Commission to bring more cases since, as many of you know, the Division of Enforcement has created a Microcap Fraud Task Force that will, among other things, target gatekeepers such as transfer agents, attorneys, and auditors who participate in pump-and-dump schemes and penny stock fraud.[29]

Unfortunately, in addition to those transfer agents that are active participants in fraud, there are also those transfer agents that have been duped into removing restrictive legends from stock certificates; as a result, unregistered securities have been illegally sold in the public markets.  Frequently, this occurs on the basis of fraudulent attorney opinion letters[30]  Often, however, transfer agents have acted in the face of numerous red-flags warning of an illegal stock offering.[31]  This occurs with enough regularity that I believe the Commission should clarify the steps that could be taken by transfer agents and other gatekeepers to prevent violations in the microcap space.[32]

“You Up Ta Speed on Shorting?”

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Yesterday’s blog, “Eric Noveshen’s Biggest Financial Scam Money Laundering Through Consulting Fees” generated a lot of emails. One claimed to have been a victim of the NIR, Daryl Dworkin, Eric Noveshen, Medgen PR scam. Almost any email of relevance said look at the pattern of shorting.

https://ericnoveshen.wordpress.com/2016/06/05/eric-noveshens-biggest-financial-scam-medgen-consulting-fees/

This is what Pdgood said on http://www.investorshub.com too, “You up ta speed on shorting? Eric wants no part of the questions that would be asked about Medgen, Robins as CEO of ECMH…Eric was front and center in all these scams.” 

As explained, Noveshen was a PIPE deal finder for a New York hedge fund NIR. Noveshen found small or struggling companies that needed funding. He would offer funding from NIR, with a catch. The company had to pay large fees for PR, to a PR company chosen by NIR. That company was Boca Raton based Medgen, a money laundering factory disguised as a producer of holistic health products.

The PR money was and split between Dworkin of NIR, Noveshen of Envision Capital, and Paul Kravitz head of Medgen.

From the affidavit of the CEO of the Juniper Group, an NIR (AJW Funds) funded company confirmed that the funded companies were required to pay money to Medgen (Paul Kravitz) for “PR” and “Consulting”.

AJW QUALIFIED PARTNERS, AJW MASTER FUND… v. JUNIPER GROUP, INC.

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Source: http://www.investorshub.com

NIR illegally shorted a long list of stocks of the companies it funded. The pattern of shorting and other securities frauds committed by NIR is spelled out in many lawsuits against NIR and its AJW Funds. Note* it fits the same pattern of stock manipulation that Ajene Watson and Eric Noveshen are accused of in the Simulated Technologies/Licht v. Watson lawsuit.

Read for yourselves….very similar illegal patterns. Dworkin and Ribotsky are out of the game for a few years, but Ajene Watson and Eric Noveshen have carried on these stock manipulations in other stocks such as Oriens (OTHM), changed name to Pure Hospitality (PNOW) in 2014. Stock fraudster hospitality, if you’re an investor you’ll never forget it. 

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EMTA Holdings, INC. v. AJW PARTNERS, AJW OFFSHORE,…..

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Juniper Group v. AJW QUALIFIED PARTNERS; AJW MASTER FUND..

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Allen Licht v. Ajene Watson, et. al 

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More details of this case found here: 

https://ericnoveshen.wordpress.com/2015/09/25/highlights-of-noveshen-pump-and-dump/

More information on stock shorting:

Regulators Investigating Firms Sub-Account Use in Shorting Stocks

Eric Noveshen anti freedom of speech

Memorial Day Reminder -Recognize Red Flags of Stock Scams

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On this day we salute those who gave all. A message to those who “take all”stock fraud is very unpatriotic.

Defrauding fellow Americans and other investors around the world might make you nice living, but ever think about the livings of those you are scamming? Maybe its a war hero? Did he or she lose a limb? Did he or she just get back from duty in Afghanistan while you sat behind a computer posting fake hype to get him to invest in a shell you stuffed a fake company in? Maybe that $5,000 invested in your penny stock means nothing to you but is half of someones retirement?

Note to investors: perpetrators of stock fraud do not care. REPORTERS, the SEC, FINRA, POLITICIANS and the COURTS can’t catch all the microcap stock fraud so educate yourselves before investing.

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https://www.investor.gov/investing-basics/avoiding-fraud/types-fraud/microcap-fraud

The Seedy World of Microcap Stock Advisors

https://www.law.cornell.edu/wex/investor_protection_guide_micro-cap_stock_fraud_pump_and_dump

 

Fort Lauderdale Man Refuses to Pay Mortgage, Then Ties Lender Up In Court

Eric Noveshen says his systematic abuse of the Broward – and other courts is not newsworthywe beg to differ.

Public records show that Noveshen – through use of his straw buyers – used the Broward Courts to avoid foreclosure and ultimate eviction of the two Fort Lauderdale homes he resided in and maintained for the last 12 years.

The result? Noveshen lives rent free while the tax payers and residents of Broward Couty who have legitimate claims have to wait longer for hearings due to the system clogged by vexatious litigants like Noveshen.

A man in New Jersey used a similar strategy to live rent free – he moved in to places refused to pay his rent and then ran owners in and out of court. True Jersey found the actions to be of public interest – because abuse of the judicial system is of public interest.

Source http://www.nj.com

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Eric Noveshen employs the same legal gamesmanship in Broward County to live rent and mortgage free.

In 2004 Eric Noveshen purchased a Victoria Park house under the name of his mother, Cheryl Wilson. Within one year the lender was forced to file foreclosure for the first of three times (2005, 2008 and 2013). 

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No sooner than they caught up on payments, Noveshen and Wilson stopped paying the mortgage on the Victoria Park property again in 2007. The lender was forced to file foreclosure again in 2008 and again in 2013. All the while Noveshen was filing motions and demanding to depose out of state residents just to slow down the case.

To delay the foreclosure trial Noveshen filed FOUR Motions for Continuance of trialDELAY DELAY DELAY = rent free living for Noveshen and a bogged down court docket.

Motion for Continue 2015-2 436

Noveshen played the same game with his luxury Las Olas Isle property – obtained under the name of his grandmother Estelle Hartman in an apparent act of mortgage fraud on the part of Noveshen – he claimed his 81-year-old grandmother made $41,000 monthly as a consultant for Noveshen’s businesses Envision Capital and Sun Globe Fiber Systems.

Eric Noveshen Fraud mortgage

Shortly after moving in in Feb. 2007, Noveshen stopped paying the mortgage. The lender first filed foreclosure proceedings in July 2008 – Noveshen took to the Broward Courts to prevent and delay foreclosure and eviction allowing him to live rent free in the lap of luxury from 2007-2014 rent and mortgage free.

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Does this information serve public interest? Let us know what you think.

The cherry on top – staying in foreclosure allowed Noveshen to make the lender pay his property taxes. Amazing what a few bogus claims in court motions can pay right? All that money Noveshen saved not having to pay his mortgage, taxes and insurance – bonus money for Noveshen. Income earned by gaming the Court system.

Fraud Eric Noveshen Property Tax

Eric Noveshen anti freedom of speech

 

 

 

 

 

Microcap companies – SEC Says Check Out People Running The Company

The SEC, in a page designed to help those interested in investing in Microcap stocks advises people to check out the people running the company. What happens when that information is concealed? Investors often feel the rub.

Microcap companies – What’s So Important About Public Information?

In the microcap world, consultants or people who lend money to micro companies who then can’t pay the debts back then have to pay in large blocks of stock, which they usually sell off fast and drive the price of the stock to nothing. Often, the same consultants and lenders go from company to company repeating the same frauds. Investors have a right to know the history of an individual in control of their money. If an individual has any ties to past scam companies, this information is either totally concealed or hard to find.

“Of potentially greater concern is that the lack of reliable, readily available information about some microcap companies can open the door to fraud. It’s easier for fraudsters to manipulate a stock when there’s little or no information available about the company.”

“Publicly-available information about microcap stocks, including penny stocks  often is scarce.  This makes it easier for fraudsters to spread false information.  In addition, it is often easier for fraudsters to manipulate the price of microcap stocks because microcap stocks historically have been less liquid than the stock of larger companies.”

Before investing in a microcap, the SEC advises:

  1. Read carefully the most recent reports the company has filed with the SEC and pay attention to the company’s financial statements, particularly if they are not audited or not certified by an accountant.
  2. Check out the people running the company with your state securities regulator, and find out if they’ve ever made money for investors before. Also ask whether the people running the company have had run-ins with the regulators or other investors.

Who pulling the strings inside a company is a significant information that investors in all types of publicly traded companies should have the right to.  But often if you read the fine print of a financial report you will find a statement like these: (pulled from real reports)

“On September 4, 2015, the Company entered into a consulting agreement, effective October 1, 2015, for an initial term of three months”

“the Company entered into consulting agreements with four sons of its President, for their respective consulting services at a rate of $29,000, respectively.”

With Who? Or the consulting agreement will be with a company, you have no idea who the actual people are you’re giving your money to. If you look up the company it can be some ambiguous company registered to another company.

Information is investors best weapon against fraud. Fraudsters don’t want their information public.

This is why we support reporters like Teri Buhl, be thank ful for her trademark “Smashmouth Investigative Journalism” probing and asking the questions and reporting stories fraudsters don’t want told. She dug deep into the NIR debocal that caused investors to lose millions that the government could never recover. All this is relevant to this site because of NIRs storied PIPE deal finder Eric Noveshen – knowing the players is important when thousands of people have their money on the line.http://www.teribuhl.com/2011/11/23/pwc-says-nir-group-doesnt-have-access-to-dealer-market/

Some of the comments posted on her reports:

I have lost a huge portion of my retirement in the NIR fund, AJW Offshore. Corey Ribotsky seems to be doing well and I need to contact him regarding my losses. I need Corey’s phone or email address. Help!

December 9, 2011 at 1:06 pm
Can you please look into the NIR payment arrangement with the Itronics settlement.
I think you’ll be startled at what you uncover. In a nutshell, Itronics has been committing fraud on multiple levels. They agreed to settle with NIR for $8M+ payable in shares or cash. The company has zero cash yet they only added about $600k worth of shares to their outstanding share count since the May 4, 2011 payout commencement date. This means NIR is being paid in something other than just shares. It’s widely speculated that ITRO is grossly understating revenues and selling silver off the books to pay this settlement or some other nefarious scheme. Perhaps they have a deal with silver? Nobody knows for sure but I’d bet my bottom dollar that NIR is receiving dirty money from ITRO and may very well be complicit in the scheme.

Itronics the good ole fertilizer company, Eric Noveshen had his hand in that cookie jar. Last year he claimed he wasn’t connected to NIR, for good reason, but don’t investors have the right to know? https://www.sec.gov/litigation/litreleases/2011/lr22106.htm

From a 2009 deposition of Corey Ribotsky:

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Envision Capital

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Curt Kramer? Connect the dots again…Noveshen worked with Kramer in a pump and dump of a Florida based company, SMEV that resulted in a federal lawsuit in 2012, Allen Licht v. Ajene Watson et. al (Noveshen was a defendant). Bet Allen Licht wish he knew this information prior to signing a deal with him.

Curt Kramer was blacklisted by FINRA in 2013.

https://www.washingtonpost.com/business/economy/sec-ups-efforts-to-combat-manipulations-of-microcap-stocks/2013/11/28/588b1af2-576e-11e3-8304-caf30787c0a9_story.html

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EDWY, edoorways – another pump and dump Noveshen benefited from in 2009-10, as noted in Allen Licht v. Ajene Watson et. al.  Warning: the circle isn’t too big folks. 

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103620719

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