Tag Archives: investors hub

Investors Hub Defends Privacy Rights of Members

While Eric Noveshen is in pursuit of Does its good to know that InvestorsHUB.com  defends the right to speak openly truthfully and anonymously online.

Many seasoned members have posted praise for Investor Hub’s commitment to protecting the identity of its speakers.

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Without anonymity the site certainly would not have so many active members. That’s not to say Ihub allows people to come on its site and break the law. They don’t, but Eric Noveshen can’t expect to go on the site and trash talk people like Daniel Jacobs, Ella Licht and Scott Webber then expect no one will throw a curve ball back describing Noveshen’s own actions in the micro cap world.

The following is from SECURITIESLAWYER101.com, an informative piece about Investor Hubs commitment to protect the identity of its users.

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To quote the article by investment goddess Brenda Hamilton, “A third subpoena went to online message board site Investor’s Hub (IHub). IHub, unlike the two clearing firms, chose to respond quickly. It objected that the subpoena was overly broad, requiring the production of tens of thousands of posts “relating to Calissio,” and personal information about dozens of the site’s members. IHub objected that “COR Clearing has failed to identify any actionable post in the underlying litigation. Nor has COR Clearing demonstrated that any of the Posters have any other potentially relevant or discoverable knowledge.” Noting that “similar subpoenas are frequently used to harass, intimidate and/or silence anonymous critics,” IHub asserted that the subpoena was a violation of its privacy policy and other contractual commitments to its members, adding that compliance with it would cause it to violate the Electronic Communications Privacy Act.”

A few of Noveshen’s unsavory posts about Florida Micro and it’s CEO Daniel Jacobs.

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Federal and State laws offer the Noveshen and his John Does the same protections to write opinions and or negative things as long as they are true or based on truth

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How Ribotsky and “The Purchaser”Kept NIR’s AJW Fund Fraud Alive

A recent blog sited a 2011 SEC complaint against the NIR Group and Corey Ribotsky. Part of the complaint stated Ribotsky “entered into a multi-million dollar transaction with the Purchaser and his entities that was clearly not in the best interest of the AJW Funds.” The complaint further states, “Prior to entering into the debenture transactions in November and December 2008, Ribotsky knew and in fact told others the Purchaser’s character and reputation for honesty were suspect.”

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There was much speculation on several investment boards that “the Purchaser” was Eric Noveshen. Ribotsky commissioned an investigation into the Purchaser’s financial condition, part of the report summary:

dd on purchaser

From Investors Hub,  investorshub.com 

ihub on purchaser

 

Description of the “Purchaser” in the 2011 SEC Complaint: 

NIR Purchaser

NIR Purchaser 2

NIR Purchaser 3

NIR Purchaser 4

We wondered why would Ribotsky enter into a multi-million-dollar transaction for AJW Funds with a “Purchaser” he clearly knew was not financially sound enough to pay his own credit cards?

The SEC summed it up simply, the transaction, that was sure to fail, allowed Ribotsky to report “a “realized” gain at a critical time without his funds actually receiving any money.” In other words it allowed him to defraud AJW investors longer. We don’t know if “the Purchaser” was compensated for assisting in this act of fraud.

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SEC release 2

Speculation that the “Purchaser” was Eric Noveshen was not limited to the timing of his Edooorways deal with NIR. The SEC complaint says the Purchaser had many debts. Court records show many lawsuits were filed against Novehsen, his companies and straw buyers, for failure to pay credit cards and other obligations in 2008 and 2009, below are just a few.

American Express vs. Cheryl Wilson and Eric Noveshen filed June 2008. 

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KRGCrec vs. Eric Noveshen filed May 2009, Cypress Creek vs. Envision Cypress (Eric Noveshen’s company) filed November 2008, Citibank vs. Estelle Hartman, “interested party” and card holder Eric Noveshen filed Sept. 2009

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Wakefield Quinn Barristers & Attorneys vs. Envision Capital, Bridgewater Capital LTD (Eric Noveshen’s companies) filed in 2008

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The home he resided in went into foreclosure in 2008 as well. And his Former Wife found document’s apparently showing “clear wrong doing in the nature of mortgage fraud” likely occurred in Noveshen’s obtaining the use of that property.

Jpmorgan Chase Bank vs. Estelle Hartman (straw buyer for resident Eric Noveshen) Real Property Foreclosure filed July 2008 

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Aurora Loan Services vs. Cheryl Wilson (straw buyer for resident Eric Noveshen). Real Property Foreclosure filed April 2008 

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“A Tangled Web Envision Capital has spun” comprehensive description of Noveshen’s decade of questionable business practices

Lengthy but worth a read to understand the mentality of the Noveshen game of deception, keeping his dealings untraceable so others take the fall while he enjoys the good life. 

Ihub tangled
“Was looking for clues to the pre and post-NIR business ventures of Eric Noveshen and Art Robins. public financial statements, business documents and many many many lawsuits provide a ton of information. This may not be the tip of the iceberg..seems the web of deception began at the same time Noveshen’s windfall of money from NIR began to come in. There is a pattern of hiding assets and hiding businesses.Here is SOME of what court documents show:

Ralph Desiano Plaintiff vs. Envision Foods Inc Defendant (Broward County Case Number: CACE08033630)
AND
Envision Foods Corp Plaintiff vs. Cosi Inc Defendant (Broward county case # CACE10038086)
Eric Noveshen in 2006 buys the rights to open Cosi restaurants in South Florida for somewhere in the neighborhood of $500,000. He was probably flush with cash from NIR deals. Noveshen hires Ralph Desiano a restaurateur with a solid record of turning an profit to run his Cosi sandwich places. Part of the deal, according to court papers filed later in 2008 by Desiano when he was not paid his salary, is that ‘Envision Foods’ was to be incorporated in Desiano’s name. Seems Noveshen did not want the business registered in his name – which will later lead into possibly how Arthur Robins became involved in Eric Noveshen’s other food/bar type of business HR Ventures.

Envision Foods Registered in 2006 with Eric Noveshen listed as the CEO/Registered Agent at 401 E Last Olas Blvd. 14th Floor

April 2008 the registered agent of Envision Foods changes to Ralph Desiano @ 401 E Las Olas Blvd 14th Fl.

Another RED FLAG- June 29, 2007 Envision Foods Inc (Eric Noveshen) becomes amanaging director of another Envision company – Envision Cobblestone LLC and the registered agent is – Christina Kitterman!! the attorney from Ponzi schemer Scott Rothstein’s law office who is serving five years in federal prison for impersonating a Florida Bar official in a hoax that helped Scott Rothstein keep his massive investment fraud alive.
http://articles.sun-sentinel.com/2014-05-20/news/fl-rothstein-kitterman-sentenced-20140520_1_christina-kitterman-scott-rothstein-valentin-rodriguez-jr

Envision Cobblestone, Envision Foods and Envision Capital are all listed at 401 E Las Olas Blvd. 14th Floor.
Envision Cobblestone, Envision Foods and Envision Capital have two other business addresses where HR Ventures is publicly associated with… a PO box in Fort Lauderdale, FL and an address on a 10th Ave. in Ft Lauderdale – the listed owner is a Cheryl Wilson. Yes Noveshen’s Mother, the woman identified by Allen Licht’s (Simulated Environment Concepts, Inc. (SMEV.PK)) now infamous lawsuit. Licht alleges Noveshen encouraged the company to hire his mother Cheryl Wilson as the accountant and she was put in place more to report to Noveshen and Ajene Watson than to handle the books legally. Licht spells her name wrong, not sure if he may have intensionally been given her wrong name or his misspellings resulted in this lawsuits demise.

https://www.scribd.com/doc/112739347/Watson

Noveshen is also connected to his Mother in several contract indebtedness and foreclosure lawsuits….
American Express Centurion Plaintiff vs. Cheryl Wilson, et al Defendant (Eric Noveshen is Defendant) Broward County Case Number: CACE08025623

Nationstar Mtg LLC Plaintiff vs. Cheryl Wilson, et al Defendant (Eric Noveshen Defendant, pro se retained) Broward County Case CACE13000366

http://www.clerk-17th-flcourts.org/Clerkwebsite/BCCOC2/OdysseyPA/CaseSummary.aspx?CaseID=6433039&hidSearchType=party_case&DisplayCitation=no&CaseNumber=CACE13000366&SearchType=

Stay with me folks, fast forward to 2008 – Noveshen/Envision Foods never open Cosi after leasing several locations. Ralph Desiano files suit against Envision Foods with several allegations including a mentions of questionable business activity by Envision Foods attorney of record lawyer Christina Kitterman and personal activity by Christina Kitterman – she apparently submitted a false declaration in Noveshen’s divorce case not even related to his presumed fabulous income. The world now knows how truthful Kitterman was. Lawsuit notes a patterns of professional dishonesty and patterns of Noveshen of hiding business in other peoples names to avoid detection.

Getting to HR Ventures… (there were several other lawsuits as a result of the fallout from the Envision Foods Cosi deal all – handled by – Eric Noveshen)
KRG Pembroke Pines, LLC vs. Eric Noveshen – Broward Case decided against Noveshen and he appealed the decision against him to the Florida District Appeals Court.

from http://www.4dca.org —- 4D11-3412-Eric L. Noveshen v. KRG CREC/KS Pembroke Pines, LLC

Here is Where HR Ventures comes in….Eric Noveshen goes into business with another one of Christina Kitterman’s clients, Andy Kostas and his company Automatic Slims Holdings. Social media and stories of another fallen Florida financial industry member – Jeffry Rubin – show that Automatic Slims circa 2006-2008 was the place to be, the place to party and the place to bring unassuming investors to lure them into making bad decisions.
http://sports.yahoo.com/news/nfl–raucous-lifestyle-leads-to-fall-of-jeff-rubin–former-financial-adviser-to-nfl-players-.html

Andy Kostas lures Noveshen into a deal for a Envision to loan money to Andy Kostas to open a third Automatic Slims at the Seminole Hard Rock Casino. It is not known why but Andy Kostas drops off the map in 2009 when “HR Ventures” becomes the new registered Owner Agent that operates Automatic Slims located at the Hard Rock Casino in Hollywood, Florida.

The registered owner of HR Ventures is Arthur Robbins @ 5749 Seminole Way Building 6,8. Around 2010 HR Ventures enters into a mortgage agreement with Med Properties VII, LLC a Miami company for a payment of $115,000. The secured property being a Quota Alcohol Beverage License.
They must have used up all of this money because a year later in 2011 a “Removal of Tenant” lawsuit was filed against HR Ventures. Roadhouse LLC vs. HR Ventures broward case

http://www.clerk-17th-flcourts.org/Clerkwebsite/BCCOC2/OdysseyPA/CaseSummary.aspx?CaseID=5649291&hidSearchType=party_case&DisplayCitation=no&CaseNumber=COCE11018252&SearchType=

http://www.clerk-17th-flcourts.org/Clerkwebsite/BCCOC2/OdysseyPA/CaseSummary.aspx?CaseID=773549&hidSearchType=party_case&DisplayCitation=no&CaseNumber=CACE09027263&SearchType=

A settlement was reached and signed by Eric Noveshen and his counsel Jon Polenberg – the same attorney that represented Envision Foods in Envision Foods vs Cosi (Broward county case # CACE10038086)
Ralph Desiano finally got a judgement against Envision Foods in January 2013 for $145,602 for his back salary and arbitration fees. Who knows if the poor guy ever collected. Other’s who invested work and money into Eric Noveshen or Envision Capital HR Ventures of the rest good luck seeing a return on your investment.
It appears every legal action and applications that are done for HR Ventures are handled by Noveshen and that Arthur Robins might be more of a silent partner or just a name for Noveshen to hide behind like Ralph Desiano was for Envision Foods and Christina Kitterman was for Envision Cobblestone LLC. What is Eric Noveshen hiding from??”

pdgood Re:
livemint post# 6745  Tuesday, October 14, 2014 11:07:05 AM

Look at the Medgen connection.

Funds were laundered through Medgen via consulting fees. I believe the 2008 Q has about 800k worth of these consulting fees. Who consults with a company Medgen that claims to produce some stop snoring BS product that never sold.

Drill inta those underlyin docs that support the 800k and you’ll get to the Noveshen brokered, NIR funded deals. At least a small portion.

The rest that you posted on is just indicative of the Noveshen mentality. Drill into the Medgen crew as well as Ajene Watson if ya wanna see behind the curtain regardin the NIR scam.