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.

Man Accused of Fraud Against Michigan Investors

Is Noveshen Still Denying Involvement with Pump & Dump Stock Scams?

Is Eric Noveshen still denying that he has ever been involved with microcap stock fraud? -Noveshen keeps insisting he was never involved in a pump-and-dump stock scam. Did he forget about Itronics? It was a long time ago but he can’t even remember that he’s involved with Pure Hospitality Solutions, as of, when was the last deposit he got from selling shares of PNOW? Likely within the last couple months. Investors pay consultants of penny stocks, get no return and are forgotten – quickly. Don’t be a victim.

Envision Capital

What is eric noveshen INFO?

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. 

If the Courts believe there is anything wrong with this blog issuing warnings to investors, lenders and regular joes, based on-and backed up by concrete documentation we will take it down. And Eric Noveshen can laugh all the way to the bank with more money from new investors and lenders.

New victims will end up in court trying to recover their money from Noveshen. Ask American Express, Citibank, KRG/Pem. Pines, Northstar Mortgage, Christina Carter, Paul Carter, Margaret Welter, Adam Shuman, Ralph Desiano, Barry Franklin, Allen Licht, Wakefield Quinn and Eric’s own biological grandmother Estelle Hartman how much fun it is to chase Eric Noveshen around to recover money he owes or took!  —  Good Luck!!!

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.

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.

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 

usvdworkintranscript

 

 

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

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

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

Lichtvwatsont

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?”

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.

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. 

EMTACounter

Lichtvwatsont

AJWvJuniperGroup

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

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

Allen Licht v. Ajene Watson, et. al 

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

Memorial Day Reminder -Recognize Red Flags of Stock Scams

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.

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

 

Noveshen’s Website Fight Back Can lead to Malware Beware

 

 

Eric Noveshen Fits Right in Fraud Capital

Eric Noveshen is in good company. According to Fortune magazine and the AP, Florida is the United States capital of Fraud. Maybe that’s why Noveshen hasn’t been caught yet. Every dog has its day, but until he is stopped read up and keep yourself safe from his scams.

This region is the fraud capital of America

“Shady dealings run amok in sunny South Florida where creative crooks are coming up with scams of every sort, from fake Jamaican lotteries to basic identity theft.

The three-most populous counties in southern Florida, Miami-Dade, Broward and Palm Beach, are rife with underhanded deals that steal millions from governments, banks and individuals, reports the Associated Press.” – Fortune magazine