Who’s Hiding $ Eric Noveshen’s Money?

 

 

In November 2015 Eric Noveshen, along with several others, was sued by Noveshen’s former employer, Multaply INC of Ft. Lauderdale, FL. The federal lawsuit, Multaply vs. Kern et. al claims that Noveshen and others scammed to defraud the company in an effort to take it over. In the process, the suit claims, the defendants diverted over $700,000 into their own bank accounts or accounts not belonging to the company. The suit claims that Eric Noveshen took about 1/3 of the pot, over $200,000 in less than NINE months. It’s hard to hide that kind of money when you have judgments over a $1-million dollars against you. Noveshen owes about $1.2-million to KRG Pembrooke Pines, a strip mall in Wellington, FL. He owes over $100,000 to Ralph Desiano of Naples, FL who Noveshen hired to operate the Cosi franchise he never got off the ground. These are just a few of the debts owed.

 

Opinion/ Analysis:

The traditional money shelters for Noveshen are his Grandmother Estelle Hartman and his Mother Cheryl D Wilson both of Hallandale Beach, FL. They not only hid cash for Eric during his initial business defrauding investors with the now defunct hedge fund NIR of New York, when he was stashing a $300k in his mattress at a time, they also hid homes in their name for him. Hartman acted as a straw buyer for a property off Las Olas in Ft. Lauderdale and Wilson is the straw buyer for the property Noveshen currently calls home but has actively retained and fought off three foreclosures on since 2005. The family has a bad track record of paying bills. They don’t, according to over a dozen unjust enrichment and other cases that have resulted in judgments against Eric Noveshen, his Mother, ex-girlfriend and sister.

Around 2009 Ex-girlfriend Maggie Welter was accused of being a shelter, but she’s unlikely hiding anything for him considering court records show he’s behind on child support and there are claims that Noveshen refuses to pay current child support, unless he is really paying and its a facade maybe she is the perfect shelter? But it seems a lot of trouble to hide money.

It is rumored Best friend Corey Gant might live in an apartment Noveshen uses as the address for his business Envision Capital, maybe Envision kicks in a little rent, but doubtful Gant hides significant money. Gant is going through a divorce of his own and his ex-wife Vivian Gant is an accountant. Vivian and her Ex are pretty straight shooters not likely to be involved.

That leaves the Mother Cheryl Wilson’s boyfriend Glenn Gruen and Noveshen’s Ex-wife Christina Carter Roberts of Nashville, Tennessee.

In our opinion these are the most likely money shelters.

1. Cheryl D Wilson recently purchased a car paid in full for $22,000. This is higher then her yearly income as a bookkeeper. It’s likely Eric Noveshen would have given the money either to Cheryl or to Glenn Gruen to purchase the car.

3. Christina carter Roberts and Eric Noveshen in the last year inserted their daughter into a $22,000 a year private school Brentwood Academy in Tennessee. Noveshen had been overheard by several people discussing with Mrs. Roberts a generous lump payoff, over $25,000, to pay off his child support tab for the remainder of the child’s 18 years.

 Best bets – those who have outwardly benefited from a recent influx of cash- Cheryl Wilson (probably masked by Glenn Gruen) and Christina Carter Roberts under the guise of a large child support payment and private school payments. Pretty much anyone who wants to find the money should leave no stone, relative friend or playmate un-turned.

Why did the US Attorney General, SEC & DOJ let Eric Noveshen walk after having him on paying illegal kickbacks to NIR Hedge Fund?

“The case was a complete failure by Loretta Lynch’s office,” this quote from financial reporter Teri Buhl on the case US v. NIR Group might be the understatement of the decade.

From Reporter Teri Buhl’s “SEC Knew Collecting $14.5 Million would Fail”

“At Dworkin’s sentencing hearing in Brooklyn, NY I got to see how the DOJ and SEC lawyers acted in this case. I was surprised by their egos given how little they accomplished. Government lawyers told Judge Dearie they were working hard to recover money for investors but they simply haven’t been able to do it. After the hearing I cornered SEC attorney Kenneth Byrne and a little man with horn rimmed glasses who was running the DOJ case to ask them face to face how they felt about their inability to get justice for investors and collect any money. DOJ attorney Daniel A. Spector scowled at my question and instead of answering it demanded to know my name and who I report for. I said my name was Teri Buhl and you should clearly know who I report for now. (Spector’s predecessor who started the NIR Group case had interviewed me in 2009 to get help finding NIR investors Ribotsky had lied to so I know the DOJ had been reading my reporting.) Attorney Spector’s ego kicked in and gave me a smug look saying they can’t comment on the case except what I heard them say in court. Now after a case is over the DOJ can comment and usually issues a press release. But in this case the PR girl for the DOJ admitted since there was no jail time for Dworkin there wouldn’t be a public comment. Meaning they didn’t want to promote a case that got so little for investors.

As I watched the SEC attorney and the DOJ boys leave the court room and slink into the elevator I did something I rarely do when asking subjects of a story questions. I asserted my opinion. I looked them both in the eye and said, “You should be ashamed of yourself for not doing more for the defrauded investors. You had this case handed to you an a platter.”

SEC knew Collecting $14.5 mn Hedgie Ribotsky fine Would Fail

This blog relates mostly to the injustice of the financial fraud committed by Eric Lance Novesehen of Fort Lauderdale, Florida. Where does he fit into this SEC / DOJ colossal failure to protect investors? EVERYWHERE.

The complaint against Daryl Dworkin was filed in 2010 – US v. Daryl Dworkin. The nine page complaint makes reference to Eric Noveshen, though not by name.

“One corrupt PIPE Deal Finder paid approximately $375,000 in kickbacks to defendant DARYL DWORKIN in cash”

It goes on to say “whose identity is known to the United States Attorney.” That’s why Eric Noveshen received a federal indictment and was deposed in this case. What is fishy, shady, questionable is why the SEC /DOJ never prosecuted Eric Noveshen and even sealed his indictment. 

Now approaching 2016, the SEC /DOJ can pat themselves on the back. Their failure to indict, fine or somehow penalize Noveshen for kickbacks and his role in stealing from NIR investors has allowed him scam and steal from investors, businesses and others for another six years! Time to take a second look at the web of fraud Eric Noveshen is still free to weave down there in Florida guys & gals at the SEC & DOJ, and Loretta Lynch too.