Recent disclosure from the US Bankruptcy Court in Miami shows explicitly the Cayman legal system is now participating in the Fraud at SEGOES. The Fraud at SEGOES was originally perpetrated by James Fontanetta and Myron Gushlak. Disclosure is now available from the US Bankruptcy Court for the Synergy/Penson April Statement from SEGOES Trust Ltd. for the period of 01/04/05 to 30/04/05.
James Fontanetta is shown as the Trustee on the SEGOES Trust statement. Almost all of the purchases in the account for the months of March and April are in the penny stocks promoted by Myron Gushlak. Once the power to subpoena and the ability to take depositions is obtained in the US, it will be shown unequivocally how the fraud was perpetrated between Fontanetta and Gushlak.
What would be comical if it was not so tragic is that Ken Krys and the JOL’s through their Washington D.C. counsel Baach Robinson & Lewis and one Sarah Knapp wrote a letter also on file with the US Bankruptcy Court threatening legal action and attempting to extort the Synergy Investment Group. Sarah Knapp demands in her letter of Sept. 12, 2005 to Synergy that Synergy immediately repurchase 13,645,000 shares of QMMG. Ms. Knapp alleges that the QMMG shares were sold by Synergy in recent months. What is devastating to the liquidation case is the April statement shows less than 3.6 million shares of QMMG were held. James Fontanetta was suspended from trading by Synergy for manipulating the stocks of AMZB and QMMG.
In late March and early April 2005 most of QMMG shares were purchased at a price between $.80 to $.90 cents per share. QMMG now trades at around $.10 cents per share! To complete the fraud on Synergy the liquidators allege they have a buyer for all the 13.6 million shares of QMMG. This stock is a Gushlak and Hoffman penny stock promotion without any substance as usual. It is more than likely that Gushlak or his cronies are behind this arrangement.
Gushlak over the years has proven himself to be the Lex Luther of Penny stock frauds and trades. He sports a US arrest and a recent indictment for Securities Fraud. What is novel in the present scam with SEGOES is that Gushlak was able to obtain his own and his partners, Gene Hoffman’s election to the liquidation committee; all of this with the approval of Ken Krys, Ross McDonough and a fraudulent legal system. Welcome to the movie “The Firm” version 2005.
If there was any doubt as to the fact the Gushlak and Hoffman are controlling the liquidation process, this letter by Sarah Knapp is proof. I contacted Synergy to discuss the letter and their opinion of the liquidation process in Cayman, the individual responded, “It is an absolute shock that the Cayman liquidators are trying to blame John Kaweske when he had no involvement. Allowing Gushlak and Hoffman to control the liquidation process shows the world that the Cayman legal system is a three ring circus.”
It should be noted for emphasis that James Fontanetta is the Trustee for the SEGOES Trust and had sole responsibility for all trading at Synergy. This can be unequivocally proven! It is doubtful that the facts will ever see the light of day in the Cayman Courts; these truths will prevail in the US Courts where Mr. Krys is deafly afraid.
Most of the Cayman legal establishment with the help of the National Enquirer mentality of the media has been totally blinded by the lies and misinformation being promulgated by Mr. Krys. As usual they can only traffic in slander because this is what Cayman’s society and the Legal system demands. This kind of slander would never be tolerated by a US Court. In the Cayman Islands Court System the prosecuted are even denied the right to defense in preliminary legal actions. One cannot subpoena or take depositions (Circa Soviet Union Justice).
All of the fraud that occurred with SEGOES occurred through the Belize Trust and through the actions of James Fontanetta, Myron Gushlak and more than likely his partner Gene Hoffman. This fraud occurred through the SEGOES Trust Ltd. a Belize entity. This is a fact!
If you are still uncertain or confused as to the facts, then all you need to do is to retrieve the documents on file with the US Bankruptcy Court. You will be enlightened!
posted by Etym @ 9:46 AM
