Tag Archives: fraud

Eric NoveshenInfo Provides Research on Financial Consultant

Repeat; reiterate, as Noveshen does;

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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.

The NAICS classifies Eric Noveshen’s company Envision Capital LLCof Fort Lauderdale a provider of “Investment Advice.” When an “investment advisor,” brokerage firm, broker 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 the subject.
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 has not been registered in over TEN years. While the information FINRA provides is extremely important and relevant for clients deciding to engage with Noveshen, the picture is incomplete. 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.
Finra Broker Check
Finra Broker Check reveals sketchy Wall Street past

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FINRA Broker Check
FINRA Broker Check reveals sketchy Wall Street Past

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Man Jailed for Defrauding Michigan Investors in 2014 was Connected to Noveshen’s Penny Stock PNOW

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.

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Man Accused of Fraud Against Michigan Investors

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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: 

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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

 

Oops! Eric Noveshen Sued by American Express – Again

Noveshen refuses to pay American Express - Again

OOPS…. Eric Noveshen did it again! Charged thousand$$ on his American Express Card, sent them a check that bounced and now is being sued for the second time by American Express.

Any guesses how Noveshen will handle this one? Will he deny part of the bill is his like he did in 2008 when he lied and said close to $20,000 was fraud? Will he get his pro se litigant guns loaded and head to the Broward Court house and embark on another six year legal battle with American Express?

One thing is for sure – every other American Express card holder in the WORLD pays higher fees due to financial misconduct like this.

Did Noveshen ever pay off the last American Express judgment? That judgment was for over $80,000 he and his mother charged but refused to pay. Noveshen played the system to get it knocked down to $30,000. More fees for Amex holders who actually pay their bills!

Noveshen refuses to pay American Express - Again

For more information from the last American Express lawsuit against Eric Noveshen and his mother read here:

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

Credit Card Fraud

 

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Noveshen refuses to pay American Express - Again

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Eric Noveshen anti freedom of speech

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

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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Noveshen Accuses Two Moms of Same Parenting Crimes

Eric Noveshen claims that BOTH of the women he had children with are basically terrible parents. Or is he projecting his own lack of parenting skills onto the women he hates because they left Eric Noveshen’s life of “financial infidelity” (as quoted by Christina Carter Roberts)

Noveshen claims the two different Moms:

  1. Cant CoParent
  2.  Alienate his children against him
  3. Claims they try to extort him for child support, despite 9 years of documents showing he fails to pay his support on time if at all (for over 9 years for all 3 children)
  4.  Calls them both women Mentally Ill
  5. Noveshen got a temporary restraining order against Christina Carter for “violence” Crazy how much he must have lied to get that one.

Are the women the problems or is the COMMON denominator Eric Noveshen???

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Narcissist in Court – Always Blame Opposing Party!

Bad Faith and Dirty Tricks,

Wait that’s Eric Noveshen’s Strategy

Does anyone really believe that every single lawyer/ party opposing Eric Noveshen in 43 cases is guilty of “bad faith and dirty legal tricks”? Doubtful, but it sounds good, he thinks. Most  lawyers would have to answer to the Bar for the kind of legal conduct Noveshen practices every day. Why does he get away with it well because he’s Pro Se. He can do what he wants and faces no repercussions. Maybe it’s time Noveshen got slapped with some sanctions and attorney fees. Not to mention he should pay the $ 1-MILLION-DOLLAR Judgment he owes these people.

Something Needs to End his Mockery of the Judicial system.

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From KRG /Pembrook Pines v. Eric Noveshen

Eric Noveshen anti freedom of speech

 

Avoid Foreclosure & Paying Your Mortgage the Eric Noveshen Way Deny, Delay, Delay

How many Motions for Continuance can a person file during a simple foreclosure case? Its all part of Eric Noveshen’s shady legal tactics – Deny, Delay, Delay. 

Nationstar Mortgage was forced to file foreclosure on Eric Noveshen and his mom Cheryl Wilson in Jan. 2013 because they refused to pay the mortgage on their home in the Victoria Park area of Ft. Lauderdale since 2007.

Three years later….Noveshen still using his legal games to stay in the house for FREE by using several delay tactics. In three years he’s filed a objection to trial and three motions to continue the case.

Are the Broward Courts going to let Eric Noveshen’s ‘free housing’ game going on forever?

1. Motion for Continuance filed April 22, 2016

Continue 2016

2. Filed Dec. 15, 2015

Motion for Continue 2015-2 436

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3. Filed Aug. 11, 2015

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4. Objection to Trial – Another Delay Tactic filed Jan. 24, 2014

Object to Trial