Turbine Aviation Inc (EM) (TURA)

Yikes that sounds like a painful RS. 

The did a massive reverse split before they went dark. Maybe 300-500k shares?  I still have 2k after my milllions got wiped out

No, but that would be great!!!!!!

Maybe the game is afoot !

Looks like another custodian is pursuing this shell as of January. Does anyone have an idea of what the share structure of TURA is like?

You are the only one talking to me. Victor got 10 years and stole over 7 million from private investors. I called his buddy Rick and pretended to be a bond investor back then. I was just a penny stock player. Rick didn't try to sell me Victor's aviation bonds and actually suggested other bonds. Guess he kept his license and avoided prison? He seemed like a nice guy. Or maybe he picked up I made a random call coming from nowhere and inquiring about chit bonds he was part of ? I don't really care. I enjoy conversation but I doubt anyone wants to have some fun here. Filings showed Victor paid cash for his controlling interest of Tura before a R/S. Let's find out where he is incarcerated at and see if he wants to sell this shell. Prices get cheap when a dude needs 10 years of lube. Let's buy the shell from him to get the story. Write a book or produce a movie about this BS.

Damn I was swindled too.

Where is the southern gal that can testify against the dirty layer? She was a part of it or blinded? I will call everyone out since Victor supposedly bought this shell. I say a scammer was riding behind Victor on this ticker. Victor made a lot more money with a large strap on hitting someone else for 7 million. HE WAS NEVER BUSTED for the fraud here of the feds would have had more than 1 count of wire fraud on the bonds. My last post here until someone wakes the F up here.

Let's just hope everyone in the TURA neighborhood likes to wake up? That SOB went to prison for 10 years and you see a trade that says he is out of jail. Try prison? Step right up and tell your TURA story.

Ihub board is looking for previous shareholders or victims to talk now. The feds fried Victor for something else. He never got in trouble for what happened here. I think someone in the crew here was............................

Victor was cooked out the gate. 10 plus years and 7 million in restitution? Holy crap. Someone else ran the ticker. I would suspect the dirty lawyer that I warned people about. Let's look that SOB up and see what he got busted for? Wolves in sheep clothing all around this. Victor is in prison for 10 years plus and done for life on one count of wire fraud. The feds fried his ass in 2021 and he deserved it. Let's talk about the parts they missed. Someone ran this shell piggy backing on his scheme. Maybe he didn't know?? WTF ran it? And why are they not in a wheelchair?

I can. SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi scheme.

According to court documents, Victor Farias, 48, owned and operated Integrity Aviation & Leasing (IAL). Farias used IAL to perpetuate a Ponzi scheme resulting in net losses to victims of over $7.4 million. Farias persuaded victims to invest in IAL by misrepresenting that investors’ funds would be used to purchase aircraft engines and that the aircraft engines would be leased to airlines for profit. In addition, Farias also told investors he would not pay himself a salary or commission.

Instead, Farias bought one aircraft engine and sold it shortly thereafter, making no profit for investors. He used investors’ money to pay himself a salary, commissions, and personal expenses. He also paid out false investment returns to prior investors and financed the construction of the Fair Oaks Country Store, a convenience store unrelated to the IAL investment.

On January 27, 2021, Farias pleaded guilty to one count of wire fraud.

“Through deception and greed this defendant stole from his victims, some of whom were retired public servants. He deprived many of these victims of the restful retirement they worked all their lives to achieve,” said U.S. Attorney Ashley C. Hoff. “We hope the Court’s sentence provides some measure of justice to the victims and sends a strong message to other fraudsters that their criminal activities will not be tolerated in our community.”

“The defendant betrayed the trust of almost 90 people as he swindled them out of their retirement savings to finance his fraudulent investment scheme and his luxurious lifestyle,” said FBI Special Agent in Charge Christopher Combs, San Antonio Division. “This case is all the more repugnant because so many of the victims were first responders who had spent their careers putting their lives on the line to protect our community.”

The FBI investigated the case.

Assistant U.S. Attorney Matt Harding prosecuted the case.

SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi scheme.

According to court documents, Victor Farias, 48, owned and operated Integrity Aviation & Leasing (IAL). Farias used IAL to perpetuate a Ponzi scheme resulting in net losses to victims of over $7.4 million. Farias persuaded victims to invest in IAL by misrepresenting that investors’ funds would be used to purchase aircraft engines and that the aircraft engines would be leased to airlines for profit. In addition, Farias also told investors he would not pay himself a salary or commission.

Instead, Farias bought one aircraft engine and sold it shortly thereafter, making no profit for investors. He used investors’ money to pay himself a salary, commissions, and personal expenses. He also paid out false investment returns to prior investors and financed the construction of the Fair Oaks Country Store, a convenience store unrelated to the IAL investment.

On January 27, 2021, Farias pleaded guilty to one count of wire fraud.

“Through deception and greed this defendant stole from his victims, some of whom were retired public servants. He deprived many of these victims of the restful retirement they worked all their lives to achieve,” said U.S. Attorney Ashley C. Hoff. “We hope the Court’s sentence provides some measure of justice to the victims and sends a strong message to other fraudsters that their criminal activities will not be tolerated in our community.”

“The defendant betrayed the trust of almost 90 people as he swindled them out of their retirement savings to finance his fraudulent investment scheme and his luxurious lifestyle,” said FBI Special Agent in Charge Christopher Combs, San Antonio Division. “This case is all the more repugnant because so many of the victims were first responders who had spent their careers putting their lives on the line to protect our community.”

The FBI investigated the case.

Assistant U.S. Attorney Matt Harding prosecuted the case.

They never went after charges for WTF he did here. I warned his suspected girlfriend back then about the piece of shit lawyer and how something looked wrong. SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi scheme.

According to court documents, Victor Farias, 48, owned and operated Integrity Aviation & Leasing (IAL). Farias used IAL to perpetuate a Ponzi scheme resulting in net losses to victims of over $7.4 million. Farias persuaded victims to invest in IAL by misrepresenting that investors’ funds would be used to purchase aircraft engines and that the aircraft engines would be leased to airlines for profit. In addition, Farias also told investors he would not pay himself a salary or commission.

Instead, Farias bought one aircraft engine and sold it shortly thereafter, making no profit for investors. He used investors’ money to pay himself a salary, commissions, and personal expenses. He also paid out false investment returns to prior investors and financed the construction of the Fair Oaks Country Store, a convenience store unrelated to the IAL investment.

On January 27, 2021, Farias pleaded guilty to one count of wire fraud.

“Through deception and greed this defendant stole from his victims, some of whom were retired public servants. He deprived many of these victims of the restful retirement they worked all their lives to achieve,” said U.S. Attorney Ashley C. Hoff. “We hope the Court’s sentence provides some measure of justice to the victims and sends a strong message to other fraudsters that their criminal activities will not be tolerated in our community.”

“The defendant betrayed the trust of almost 90 people as he swindled them out of their retirement savings to finance his fraudulent investment scheme and his luxurious lifestyle,” said FBI Special Agent in Charge Christopher Combs, San Antonio Division. “This case is all the more repugnant because so many of the victims were first responders who had spent their careers putting their lives on the line to protect our community.”

The FBI investigated the case.

Assistant U.S. Attorney Matt Harding prosecuted the case.

There are 23 companies that have an address matching 2360 Corporate Circle Suite 400 Henderson, NV 89074.

The companies are Senior Management Inc, Electech Inc, Diversified Oil And Gas Inc, Jac Enterprise LLC, Nailor Industries Of Texas Inc, Seven Entertainment LLC, Southern Freedom Corporation, Spark Solutions LLC, Emerald Associates LLC, Sweet Surrender LLC, Atlantic Beach Associates LLC, Cennergy Corp, Marketwise Inc, Fws Inc, Resilient Solutions LLC, Aerotech Services Inc, Phoenix Entertainment Inc, More Core Diamond Drilling Corp, First Priority Financial Inc, Us Telesis Inc, Intelligence Inc, Susterra Inc, and Repnet Inc.

I imagine the story here would make an interesting book or movie?

Let me look back.... This one was weird.

No idea. Obviously we got screwed by the guy who faked a reboot. I think the ticker is still there? Do you have any idea? Sorry for the months later reply. Have not been here in a very long time.

Could this be restarted?

This was kicked to the expert market and basically dead. Not unless a very large shareholder wants to do the impossible. They were selling bonds and milking that angle. I always wondered why Victor moved on an OTC Shell but nothing happened with this one? No one cared back then. So, why would anything matter now? I am curious?????

Let me look.......

Still hold. I don’t have pm

If anybody still holds shares here, PM me.

This puppy is long been dead.

A door nail, that is what this is.

LOL

No it aint dead .It just traded 100 shares at .0001. That's mm secret code for Victor is out of jail.

This thing dead? Kaput?

Well, I remember reading something over the past year here that was posted(do not remember when), that was a court filing saying he had been arrested I believe. Not sure though. But ya, on the bonds....failing my memory...remember the number being somewhere around 12 million?

Most interesting thing to me thos was the fact that ANYONE with a brain would loan that amount of money through bonds to basically an OTC stinky pinky that had a no asset leasing company reverse merged into it. Ultimately, interestingly, with that money Victor supposedly purchased a hand full of large jet engines that needed to be rebuilt. He took them to a company that he was affiliated with(back then when I invested, everyone thought that the rebuild company was going to be merged...but it was not). Think it was called Turbine engine center or something like that. Anyway, so Victor gave them the engines to rebuild. Well, months went by and I guess low and behold....all of a sudden it was relayed to the Bond Holders that THE REBUILD CENTER HAD MISPLACED THE ENGINES!(supposidely) Victor supposedly went back and fourth with the rebuild center and finally ended up suing them because they had not idea what happend to the engines as well as I believe either he or TURA was also sued by the bond holders. That is the last I remember hearing about it or reading posted on here years back.

Anyway, makes me wonder if those two lawsuits through discovery brought forward information that was criminal in those investigations for civil suits. Thus, that could have lead to eventually Victor being charged and put in jail based on that evidence? Not really sure. That is just a hunch.

So, of course, with all that happening there was always a potential that TURA could win the suit against the rebuild center. Not sure whatever happened though. And of course, not sure what happened with the bonds either. So, ultimately, understanding all that history hanging over this, there could be a lot of hands in the pot if in fact this was ever resurrected. That could be some of the reason it is not and will not be at any point in the future. I have a small investment here still. However, I also understand considering all this, and OMNI backing out of the custodial application, this one looks like a long shot at the track at this point. Based on how OMNI pumped this though, if in fact I am right, really feel bad for anyone who was recently sucked into this. OMNI should be held responsible for that part.

Those bonds were registered with the SEC. It's weird that a huge bond fraud spilled over into the penny market. If that is what actually happened. Now someone has until January to buy this shell. That is if Victor could even sell it.

I did not even know about OMNI. My last communication was with Rick back when Victor first purchase this shell. Rick suggested some other bonds as opposed to "whatever" Victor and maybe Matt were panning? No one knows why Victor even purchased this shell. The entire thing was just a mystery. But all that being said, there was other crazy millions sold on other aviation engine "start up companies" bonds. I think it was all just a scam. And I read on here that Victor is picking up the soap behind bars? Is that true?

LOL, ya, been here for 7-8 years I think so I am well aware of Victor and the the whole Bond debacle! That is what I was referring to in regards to this not being easy to clean up because that mess is hanging over this. That may have been some of the reason when OMNI dug into this they realized it was going to be super complicated. There is a reason stocks sit dark for 7-8 years and others do not. It usually has to do with debt and whatever mess the prior leadership left behind.

Victor went to jail I recall

Victor and Rick were selling junk bonds. That was the scam. It was never really understood why Victor purchased the TURA company to begin with? If I remember correctly he purchased a ton of stock himself with cash as part of the change in ownership. That dirt bag lawyer reversed this when it did not even need it and that included reversing Victor's shares? I remember some investors were reaching out to Matt about the original deal. Something just did not seem right. I have seen some scams in the OTC market and it is usually selling shares on convertible debts and stuff. These guys sold millions in bonds. It would be interesting for someone to tell us what happed with all this. Could be entertaining.

More volume. What gives?

Why the attention on this presumably defunct company?

After a run up, it's quiet today.

I have absolutely no clue.

No clue whatsoever.....

LOL ya but not very hostile when most here would welcome it since this is a dark dead shell with lots of skeletons in their closet with the past debt and legal wranglings of that.

Like a hostile takeover?

Here is a different scenario, what if someone is shooting for majority ownership? If had that would not need custodianship to take control. Would just automatically have it. Not saying it’s Omni but maybe someone else? Plus could turn around and get the financials up to date post suspension. Who knows! Very weird situation though with only a few days to go till restrictions are invoked and we have big volume and price increase with Omni pulling out. Not sure what to think. Here is another article I found on the topic as well

https://www.theepochtimes.com/us-pink-sheets-in-shakeup-as-securities-regulator-looks-to-stamp-out-fraud_4012708.html

What do you think is working here, sunlight?

Yet to be determined.........

TURA comes alive !

What is shaking here?

What is the word here?

My Gawd, has our "faithful" CEO done an about-face?

Stay tuned.

That's more like it.........

Or maybe they are just plain stupid?

Maybe someone knows something we don't.....

Who is buying? And why?

Was at 8 cents.

Now climbing.

I am going to take a look at the SEC site. However, I honestly do not think it is worth my time since did not lose much after it was all said and done. Others, that is their own choice based on their own investment thinking and how much they have in it I am guessing and how much this potential scam may have cost them if it is in fact a scam. Either way, I am just a small investor just like the rest of you here so really am not sure what the answer is to this so please do not take what I am saying as advice. Just think there is a good chance he did what I am thinking based on how it has all played out and the timing of the withdrawal of custodian ship now etc.

He should rot in hell!!!!!!!!!!

Anyone reporting him?

Ya, timing on the take down was almost uncanny of the site and twitter. And ya, if the CEO of Omni is watching it make sense. Maybe out of fear as well. If you do a little research about him he is definitely a guy who thinks highly of himself. However, if he did what we think he did here, there is a good chance he knows there is a window of time where things could come back to bite him in a very serious way. If he makes it past that time period then he may get away scott free. Just an observation.