Voices of Reason
5年前
Sentencing has begun: https://www.justice.gov/usao-sdtx/pr/two-sentenced-securities-fraud-conspiracy
FOR IMMEDIATE RELEASE
Monday, February 3, 2020
Two sentenced in securities fraud conspiracy
HOUSTON – Two defendants charged in relation to a more than $40 million securities fraud “pump and dump” conspiracy have now been ordered to prison, announced U.S. Attorney Ryan K. Patrick.
John David Brotherton, 60, League City, pleaded guilty Feb. 12, 2019, while Charles Earl Grob, 39, Houston, admitted his guilt Dec. 5, 2018.
Today, U.S. District Judge Vanessa Gilmore imposed a 60-month sentence for Brotherton, while Grob received a sentence of 12 months.
Brotherton and Grob were also ordered to forfeit $1.9 million and $242,907.09, respectively, and serve three years of supervised release following their sentences. The court also ordered each man to pay restitution to the victims of the fraud. The amount will be determined at a later date.
Brotherton and Grob admitted they participated in a conspiracy to commit fraud in microcap securities. During the course of the conspiracy, they obtained control of the stock of numerous companies, then “pumped up” the price of the stock through false and misleading press releases and fraudulent trading techniques. They then “dumped” their shares of stock onto the market for a significant profit.
Brotherton, who is in now in custody following violations of his conditions of release, will remain there pending transfer to a U.S. Bureau of Prisons facility to be determined in the near future. Grob was permitted to remain on bond and voluntarily surrender at a later date.
Five others - Andrew Ian Farmer, 41, Thomas Galen Massey, 49, Eddie Douglas Austin Jr., 69, and Carolyn Price Austin 65, all of Houston; and Scott Russell Sieck, 61, of Winter Park, Florida, also pleaded guilty for their respective roles and will be sentenced later this year.
The FBI conducted the investigation with the assistance of the Securities and Exchange Commission and Financial Industry Regulatory Authority. Assistant U.S. Attorneys Justin R. Martin and Michael Chu are prosecuting the case.
SoFLwire
6年前
3.6 Million plea bargain deal for Eddie Austin. Probably peanuts for him, and his wife, Carolyn. If jail is off the table, how long until they are back in business with a new penny stock? Maybe they will get their dog to be CEO this time, to avoid having any personal management role. I give them six months, tops, to come up with a new fraudulent scheme. I've been trying to get in touch with you, Voices of Reason. Do you have an e-mail address? Enjoy an updated RECAP docket on the house: https://www.courtlistener.com/docket/4543813/united-states-v-farmer/
Voices of Reason
10年前
Much appreciated!
Carolyn Austin's other buddy, Robert Hines, is still running the same type of sham at OWOO. OWOO was founded by convicted felon, Trent Daniel. Carolyn is the wife of Eddie Austin, Jr., who is already disbarred from penny stocks. The Austin's are long time close friends with SEC recividists and convicted felons, Darrel and Jack Uselton.
Andrew Farmer is also behind Infinite Funding, having run yet another sham over at DOMK
236T568
12年前
Baldemar Rios, age 54, has held various positions in in a diverse range of energy related industries and operated his own businesses for more than 30 years.
Most recently, from 1993 to late 2010, Mr. Rios served as the President and CEO of Projects & Industrial Products, LP, a Houston based enterprise focused on engineering services related to petrochemical and refining facilities.
Prior to 1993, Mr. Rios was involved in a variety of companies, generally in the capacity of a chemical engineer.
236T568
12年前
CHMR - details of the changing of CEO's
Smells like the SEC has begun inquiries
The old CEO retired from all positions and has nothing to do with the company now
The new CEO is only temporary with no employment contract
http://www.sec.gov/Archives/edgar/data/1532796/000143209312000816/chimera8k100912.htm
ITEM 5.02: DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS, APPOINTMENT OF CERTAIN OFFICERS
Effective October 10, 2012, Charles Grob resigned from all positions held with the Chimera Energy Corp. (the “Company” or “Chimera”), including resigning as Chairman of the Board of Directors. There was no disagreement between the Company and Mr. Grob at the time of his resignation from the Board of Directors.
Also on October 10, 2012, the Company’s Shareholders appointed Baldemar Rios as sole Director, CEO and Corporate Secretary. Mr. Rios will serve as a director until his successor has been elected at the next annual meeting of the Company's shareholders or until his earlier resignation, removal, or death. Mr. Rios has not been appointed to any committees of the Board, as the Board does not presently have any committees.
Baldemar Rios, age 54, has held various positions in in a diverse range of energy related industries and operated his own businesses for more than 30 years.
Most recently, from 1993 to late 2010, Mr. Rios served as the President and CEO of Projects & Industrial Products, LP, a Houston based enterprise focused on engineering services related to petrochemical and refining facilities.
Prior to 1993, Mr. Rios was involved in a variety of companies, generally in the capacity of a chemical engineer.
Mr. Rios does not currently have any employment agreement in place with the Company.
Mr. Rios was not appointed pursuant to any arrangement or understanding between Mr. Rios and any other person.
ITEM 8.01: OTHER EVENTS
On October 10, 2012, Chimera posted to the Company’s website a shareholder letter from the CEO, Baldemar Rios.
This shareholder letter is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS
236T568
12年前
CHMR - Those Evil Naked Shorts From Mars
http://ih.advfn.com/p.php?pid=nmona&article=54479435&symbol=CHMR
Chimera Energy Corp. Announces Aggressive Action Targeted at Naked Short Sellers
Today : Thursday 11 October 2012
Chimera Energy Corp. (OTCBB: CHMR) announced today that its new Chairman and CEO, Baldemar Rios, has recommended that the Company immediately determine the most expeditious corporate action that would cause a change in the Company's CUSIP number. The Company consulted several OTC market experts who suggested that a change in the CUSIP number was the only way to combat what has been frequently acknowledged to be an unabashed, manipulative "naked shorting" campaign against CHMR.
In addition, the Company filed a Current Report on Form 8-K with the SEC this morning. The 8-K includes a shareholder letter from our new CEO laying out the current status of the Company's efforts to commercialize its technology. The shareholder letter also includes a more detailed discussion of recent trading activities and a primer on "naked shorting."
"The most serious challenge facing our Company is not the highly competitive industry in which we operate, nor the inherent uncertainties of cutting-edge technology, but the brazen greed of the individual(s) who are actively working every day to destroy Chimera before our technology has the opportunity to revolutionize the worldwide production of oil and gas," said Baldemar Rios, Chairman and CEO. "Today we go on the offensive. No longer will we sit idle while anonymous posters and bloggers spout egregious lies about the Company and our technology."
While legally the sale of a security must be settled within three trading days, anecdotal evidence indicates that the market makers involved in "naked shorting" just keep moving the position between themselves every few days, negating the obligation to cover or deliver the position. This activity violates SEC Reg SHO as it relates to short sale activities. More information can be found at: http://www.sec.gov/spotlight/keyregshoissues.htm
To demonstrate the size of the "short" we need to look no further than the company's Share Volume Report from OTCBB.com. As of September 30, 2012 there were 66m shares of Chimera issued and outstanding. Charles Grob, the Majority Shareholder, held 46m shares of restricted stock in certificate form and individual investors held an additional 16m shares through brokerage accounts. There were also 4m free trading shares being held in certificate form. Therefore, as of September 30, 2012 there were only 16m shares of free trading stock available in the market.
Considering those numbers, how is it possible that the Share Volume Report shows more than 17m shares traded hands in the month of September? It seems highly unlikely that more than 100% of the company's free trading stock changed hands during the month. Obviously there is no way for the company to know exactly how many shares are represented in the "short," however several expert opinions put the short at more than 10m shares.
About Chimera Energy Corp.
Chimera Energy Corp is a Texas corporation listed on the OTCBB under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires, develops, licenses and sells new energy technology and products that are designed to profit from the current shale energy boom.
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Media Contact:
Baldemar Rios
Chimera Energy Corp
832-390-2334
236T568
12年前
31 year old insurance salesman replaced as CEO of CHMR
Chimera Energy Corp. Appoints New CEO
Today : Tuesday 9 October 2012
Chimera Energy Corp. (OTCBB: CHMR) today announced the appointment of Baldemar Rios as Chimera's new Chairman and CEO. Mr. Rios has more than 30 years' experience in a diverse range of energy related industries. For the last several months Mr. Rios has been working directly with PEMEX on Chimera's Non-Hydraulic Extraction technology.
"I am extremely excited about the opportunity to lead Chimera through the next phase of its growth," said Baldemar Rios. "I am very confident that our work with PEMEX will allow us the opportunity to prove that our exclusive technology is the game-changer that we believe it to be."
"Now that Chimera is beginning the process of commercializing the technology I felt the time was right to step back from my day-to-day role with the company," said Charles Grob, former Chairman and CEO. "There is no doubt in my mind that Baldemar is the right man to lead Chimera now and into the future."
About Chimera Energy Corp.
Chimera Energy Corp is a Texas corporation listed on the OTCBB under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires, develops, licenses and sells new energy technology and products that are designed to profit from the current domestic shale oil boom.
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Media Contact:
Baldemar Rios
Chimera Energy Corp
832-390-2334