Seventy two pages seems like a lot to hide. Read it here:
This site is intended for the sole purpose of providing due diligence on investment advisor Eric Noveshen. To provide background and education to potential clients. All of the content comes from relevant PUBLIC SOURCES – gathered in one place so people can decide for themselves if they feel comfortable with this individual handling their money.
Thanks to all from the press freedom convention who helped with our new encrypted drop. We are pleased that it has offered more identity protection to sources who wish to remain anonymous. Similar programs are used by internationally recognized press organizations who expose wrong doing in war zones, governments; legal systems; business operations and more.
Today we feature one product of the system that automatically encrypts identifying information.
According to our source, and fact checking, many at micro cap stock Pure Hospitality Solutions, PNOW, claimed the company was not connected to Pat Hundley who was jailed in 2014 in Costa Rica for allegedly defrauding close to $7-million from Michigan investors. PNOW was formerly called OTHM before it changed its symbol in Fall 2014. Eric Noveshen is a consultant to the stock though he claims for purposes of a lawsuit against this website not to be. Much like OTHM claimed to have no affiliation with Patrick Hundley after his arrest.
PNOW reportedly ran between five to eleven pump and dump stock scam cycles in the last decade.
Ken Chua, the Chairman and CEO at the Time of signing this document, was sanctioned by the British Colombia Securities Commission in August 2014 and later resigned his position to Melvin Pereira, who remains the CEO today. The BCSC commission found that Ken Chua “continues to pose a risk to our investors and our markets.”
This document proves a connection between Hundley, Pereira and Chua.
Man Accused of Fraud Against Michigan Investors
Did the men running micro stock Pure Hospitality Solutions miscalculate when they allowed Eric Noveshen manipulate a financial report to meet the needs of the defamation lawsuit he filed this year?
Noveshen had a hand in falsely writing into quarterly and annual financial disclosure reports for PNOW that the company severed ties with him. “The company unilaterally determined to retroactively terminate the consulting agreement with this consultant due to certain groups of individuals that are posting false and defamatory attacks about the company which are somehow tied to this consultant.”
Read it out loud, it is not only out of place it shows that they allow manipulation of financial reports. Thus adding credibility to hundreds of online claims made during the last four years that PNOW is a penny stock that has manipulated financial disclosure.
It’s no secret that Noveshen and his longtime friend and business associate Ajene Watson are part of the consulting team pulling the strings behind the penny stock PNOW. It’s been documented all over for years before Noveshen claims the “false and defamatory remarks” were put on the internet about him.
Hey, Noveshen needs to add a few words to a company financial report to make a court believe he had damages, no big deal, anything for a friend.
In allowing PNOW to become part of Noveshen’s case is like putting it on trial for being a pump and dump. At very least it keeps PNOW in the public discussion and knows when the SEC or FINRA started looking.
The lawsuit that crawls under Noveshen’s skin due to all the public commentary about it on the internet is called Allen v. Ajene Watson, et al. It was filed in Florida in 2012 and internet commentary began immediately and never stopped.
That lawsuit detailed how Noveshen, Watson and others sweet talked their way into becoming the “consulting team” for penny stock company Simulated Environment Concepts, SMEV, in 2009, then set in motion a “pump and dump” scam. It also states that the group, including Noveshen and Watson did similar scams on other companies, Edoorways, EDWY and Oriens Travel – which changed its name in 2014 to Pure Hospitality Solutions, PNOW. Likely because the owner of the company, Allen Licht was acting as his own lawyer, it goes into the most minor details of how they pulled off the scam. Including inserting a transfer agent who would play ball, Christopher Day, (who recently got in trouble with the SEC). They also “inserted” Noveshen’s mother as the book keeper.
These facts and opinions have been written about since 2012. Is Noveshen going to sue everyone who ever wrote that Edoorways, Simulated Environment Concepts and Pure Hospitality Solutions were pump and dump scams? If so he needs to add a lot of names to the defendant list.
What a hoot!
** Below, readers thoughts on the subject
“This is NOT AT ALL a good thing for Gary or EDWY. Ajene Watson was a “consultant” for EDWY, so they really cannot claim ignorance on this one.”
“This makes me happy that the scum that have been doing this are getting busted, but I do feel bad for the innocents that will learn about stinky pinkies the hard way.
All someone has to do is read the lawsuit. Again has nothing to do with edwy. Mentioned that edwy was a victim. The whole thing is much to do about nothing really. Just noise.
See GARY was 100% RIGHT HERE! EDWY has nothing to do with that lawsuit first off. You cant twist this any other way.
Remember back 3 years ago when watson and Ian mitchel tried to take over EDWY. EDWY’s complaint was a failed take over attempt. This just adds to Gary’s claim about these scum bags. Now here is proof about the whole thing. Watson and Mitchel are apparently getting theres. Karma is a b*tch!
Its seems someone else had problems with these guys, not just EDWY.
More proof! Makes me feel good!”
When a man accused of murder jumped out of a jury box just prior to a hearing and escaped from the Broward County Courthouse on Friday, July 15th, the internet blew up with commentary declaring who was to blame.
Broward County Sheriff Scott Israel said lack of funding for security is partly to blame.
“We have been battling with Broward County for three years now asking for adequate staffing for a courthouse that was understaffed since the day I became Sheriff of Broward County,” Israel said in a press conference Friday morning. “If the County is listening we need more money, we need more people.”
People flocked to sites like Jaablaw.com to voice their opinions, many saying it was an inside job.
The comments are comical to read and spot on. Sheriff Israel on Sunday stopped short of saying it was an inside job but did say the escapee had accomplices and could not explain how the suspect got out of handcuffs or had a key for the cuffs. Four people have been arrested in connection with the escape so far.
Maybe Broward County should cut down on the amount of frivolous litigation it allows and the County Commissioners would have MORE MONEY FOR COURTHOUSE SECURITY for real litigation. Might also cut down on the amount of lawyers, court reporters and court affiliated readers who label Broward Courts a “circus” in courthouse news commentary.
In one quick search online as a layperson with no court affiliation you can find seven individuals, including Eric Noveshen, who have filed litigation this year who can legally be deemed a vexatious litigant. If given the access Chief Judge Weinstein and his staff have to court filings that number is much higher. Someone needs to start cross-referencing, building a better list of vexatious litigants and not be afraid to declare them VL. Sure frivolous filers will march to the Fourth DCA to appeal the decision of the unlucky Judge who has to make that call, its the nature of the vexatious beast. But the issue is black and white as outlined by the Florida Supreme Court. Someone either meets the criteria of a vexatious litigant or not.
Weinstein and Broward County Commissioners should encourage and support and Judges who enforce Florida’s vexatious litigant law. It serves the residents of Broward for the Courts to cut down on frivolous litigation so the Court can serve those with legit litigation at the best capacity. That includes keeping court-goers safe.
Once a plaintiff or counter plaintiff pays the $400 filing fee they can file motions for years without ever paying another dime. After the $400 filing fee, tax payers pick up the bill for for the clerks, security, other court staff and the Judge to handle frivolous lawsuits. This must be in the hundreds of thousands of dollars. The frivolous filers should foot the bill, not tax payers. This would certainly free up money to staff Broward’s Courts with additional deputies and security. And for the courthouse to police those who might be involved with inside fraud jobs such as assisting in an escape.
Eric Noveshen Vexatious Litigant
Noveshen Asking the Court to Conceal Stories about his Abuse of Courts
Ft. Lauderdale Man Refuses to Pay Mortgage, Ties Lender Up in Court
Noveshen’s Five Frivolous Steps To Avoid Paying Credit Card Bills
Avoid Foreclosure While Not Paying Your Mortgage, in Broward Court like Noveshen, Deny-Delay
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.
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.
The only downside, you have to file A LOT of FRIVOLOUS motions. See how many here:
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.”
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.
Breaking News: Broward County courthouse evacuated after murder suspect escapes.
The 21-year-old inmate facing death row is Dayonte Resiles. He is accused of murdering a woman in her Davie home back in 2014.
According to courthouse officials, Resiles was being unshackled at the time of his escape at the Broward County Courthouse, located at 201 SE 6th St. This was part of normal procedure, officials said, before his hearing.
After the escape, everyone in the courthouse was quickly directed outside. At least five helicopters hovered above the scene and police blocked off the road.
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:
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.
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.
To answer the question posed to us on Sun. June 19, yes we are happy to post submissions from guest bloggers. Blogs must be based on credible information and documentation such that the content is accurate and true.
Presented below, a letter written to Jack Boyle of Ft Lauderdale, FL in January 2015 by the grandmother of Eric Noveshen, Estelle Hartman. As stated in the letter Hartman learned that multimillionaire Jack Boyle, in his 80’s, had employed her grandson Eric Noveshen. Hartman issued a warning to Boyle about loaning money to Noveshen and some other interesting information that all investors and business clients should have the right to consider. We have reviewed and there is documentation available to support the warnings and entire Hartman letter. God bless this poor woman. *Names of children have been removed.
Even when scammers have money they enjoy the challenge of getting out of paying their bills. Just ask attorney Barry Franklin. He got the judgment against Noveshen below in 2011 he didn’t pay it off until 2015.
Franklin Order Contempt Noveshen 2011
Noveshen didn’t want to pay $3,000 he owned him, but he made that in a weekend at Slims? Those trips to Court seem to give him a high, tho, going through the attorney only door and all.