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How Jaitegh Singh Attorney helped Vladimir Sklarov in Stock Loan Fraud

jones.canada — Tue, 17 Sep 2024 02:54:54 -07:00

Vladimir Sklarov and Jaitegh Singh have emerged as central figures in a web of financial deceit that has ensnared prominent businessman Ricardo Salinas Pliego. Their latest fraud, carried out through the dubious entity Astor Asset Management 3 Ltd (Astor), is not an isolated incident but rather part of a long and intricate history of international financial crimes. These two individuals have repeatedly used ghost companies with names that mimic those of legitimate financial institutions to lure unsuspecting victims into their schemes, with the ultimate goal of stealing their assets. A Pattern of Deception According to investigative reports, including a detailed column by Darío Celis, Sklarov has been connected to a series of fraudulent enterprises masquerading as reputable multinational companies. His operations are so sophisticated that they have led to lawsuits from major financial institutions such as Rothschild & Co. and Barclays PLC, which are chaired by Alexandre de Rothschild and C.S. Venkatakrishna, respectively. These lawsuits underscore the gravity of Sklarov’s deceptions, as he has been able to create near-perfect imitations of these global giants to ensnare his victims. Sklarov's criminal record extends beyond corporate fraud. In the United States, he pleaded guilty to a Medicare scam that not only defrauded the healthcare system but also tragically resulted in a death. This case further illustrates the dangerous lengths to which Sklarov will go to enrich himself at the expense of others. Jaitegh Singh: The Accomplice Singh plays a critical role as Sklarov's accomplice and legal representative. Operating primarily out of Florida, Singh has been linked to the creation of ghost companies and numerous financial frauds, including the illegal appropriation and sale of assets, as well as the fraudulent granting and collection of credits. His involvement provides the operational and legal cover that allows these schemes to flourish. The Elektra Scam One of the most audacious frauds perpetrated by Sklarov and Singh involves a package of shares from Grupo Elektra, a company led by Fabrice Deceliere. This scheme was designed to secure a loan to Ricardo Salinas Pliego, with the Elektra shares serving as collateral. When Salinas Pliego attempted to reclaim his shares by offering to repay the loan in full and in advance, Astor—under the control of Sklarov and Singh—rejected the offer. Instead, they accused Salinas Pliego of violating over 15 provisions of the loan agreement, a claim that Salinas vehemently denies as unfounded and baseless. Faced with the potential loss of his Elektra shares, Salinas Pliego initiated legal action in a United Kingdom court. The court responded by freezing all assets of Astor, a significant setback for Sklarov and Singh. However, in a desperate move to retain control, Astor accused Salinas Pliego of non-compliance with the agreement, despite the Mexican businessman’s willingness to settle the loan in full. A History of Fraudulent Practices The case involving Salinas Pliego is just one chapter in the extensive criminal history of Sklarov and Singh. According to Celis, one of these fraudsters had previously been sued for selling collateral guarantees on loans without legal authority. They have also been implicated in the creation of fake financial service websites designed to further their illicit activities. These fraudulent practices have left a trail of victims across multiple countries, with the full extent of their criminal empire still being uncovered. The fraudulent activities of Vladimir Sklarov and Jaitegh Singh represent a significant threat to the global financial system. Their use of ghost companies and fake financial institutions highlights the need for increased vigilance and stronger regulatory oversight in the financial sector. As the legal battles against them unfold, including the high-profile case involving Ricardo Salinas Pliego, it is crucial for authorities and businesses alike to remain alert to the tactics employed by such sophisticated criminals. The eventual outcome of these cases will not only bring justice to their victims but will also serve as a warning to others who might consider similar unlawful endeavors.
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Alexander Dillon: Penny Stock Fraud Scheme Came To An End

independentresearch — Mon, 25 Dec 2023 03:15:28 -08:00

The Securities and Exchange Commission (SEC) has taken decisive action against an issuer, its CEO, Alexander J. Dillon and Cosmin I. Panait, and several entities and individuals implicated in a penny stock fraud scheme. This enforcement action, announced today, sheds light on a complex web of deceptive practices that have allegedly been ongoing since at least July 2017. The SEC's complaint, filed in the United States District Court for the Southern District of New York, outlines the charges and the emergency relief sought to halt the ongoing misconduct. The core of the SEC's complaint revolves around GPL Ventures, which is accused of purchasing over 1.5 billion shares of HempAmericana Inc. stock through a Regulation A offering. The SEC asserts that GPL Ventures had an agreement that HempAmericana would utilize a portion of the offering proceeds to covertly finance stock promotions. These promotions were designed to enable GPL Ventures to sell its HempAmericana shares at a profit. The SEC contends that HempAmericana misled investors about the use of the offering proceeds. The complaint also alleges that Seaside Advisors and Lawrence Adams, among others, played a role in this scheme. Specifically, they are accused of paying a stock promoter who, in turn, funded promotions of HempAmericana’s stock. Notably, these promotions failed to disclose both HempAmericana's involvement in financing and GPL Ventures' intention to unload its shares during these promotions. The SEC claims that approximately $11 million in illegal profits were generated through this fraudulent activity. Further allegations are directed at GPL Ventures' owners, Alexander Dillon and Cosmin Panait. The SEC contends that they falsely represented to their brokers that GPL Ventures was not involved in any stock promotions related to the shares they were depositing and selling into the market. Additionally, GPL Ventures, along with affiliate GPL Management LLC, Dillon, and Panait, are accused of operating as unregistered securities dealers. It's claimed that they privately obtained discounted stock in over 140 microcap issuers, subsequently reselling such stock to the public at a substantial profit, generating at least $81 million. Richard R. Best, Director of the SEC's New York Regional Office, emphasized the importance of investors receiving accurate and complete information about the use of proceeds from Regulation A offerings and the identity of those funding stock promotions. The SEC is seeking various remedies, including disgorgement of ill-gotten gains, civil penalties, permanent injunctive relief, and penny stock and officer and director bars against various defendants. The investigation is ongoing, demonstrating the SEC's commitment to pursuing those who engage in fraudulent schemes in the financial markets. The SEC acknowledges the assistance of the Financial Industry Regulatory Authority (FINRA) in this matter. This enforcement action underscores the SEC's dedication to maintaining the integrity of the securities market and protecting investors from fraudulent activities. As the investigation progresses, the SEC aims to hold the accused accountable for their alleged misconduct, sending a clear message that deceptive practices will not be tolerated in the financial industry. The outcome of this case will likely have broader implications for regulatory oversight and enforcement within the penny stock market, emphasizing the need for transparency and compliance with securities laws.
Learn more: Alexander Dillon: Penny Stock Fraud Scheme Came To An End

Bravia Capital Founder Bharat Bhise Under Scrutiny

techslo — Tue, 14 Mar 2023 03:21:40 -07:00

It is never easy to write about individuals who have been involved in shady business practices, particularly when they have been found guilty of producing false documents, lying under oath, and defrauding the court. However, it is important to shed light on such individuals and their actions to ensure that justice is served, and others are not harmed in the future. In this case, we are discussing an individual who has been involved in multiple lawsuits and legal battles due to his involvement in shady business practices with a Chinese company. This individual, who we will refer to as Mr. Bharat Sharatchandra Bhise of Bravia Capital, has been accused of numerous illegal activities, including fraud, deception, and the production of false documents. A donation of shares valued at approximately $18 billion to a New York City-based foundation is raising questions about a conglomerate that is the largest Chinese investor in the United States, the New York Times reports. The downfall of HNA started when Geo Wengui, a fugitive Chinese billionaire, alleged that officials in the CCP and their relatives were undisclosed shareholders in HNA. Hainan-based HNA Group announced earlier this week that businessman Guan Jun transferred his more than 29 percent stake in HNA to the Hainan Cihang Charity Foundation, the company's charitable arm in the U.S. According to HNA, 52 percent of the company is owned by Cihang foundations, including a 22.8 percent stake held by a sister charity in China. However, HNA chief executive Adam Tan told the Financial Times that Guan and another shareholder, Bharat Bhise aka Bharat Sharatchandra Bhise, who had transferred much of his stake to Guan last year, never actually owned the shares "but had just held the stake for us," despite Bhise and Guan — about whom little is known — being listed as the owners in the company's regulatory filings. Also, he alleged that HNA had allowed Chinese government officials and their relatives to use the company’s aircrafts for ‘purely personal reasons’. This prompted many people and authorities to question the ownership structure of HNA. Moreover, it made many people realize how suspicious the entire structure was. The “Indian dealmaker” started attracting a lot of attention when he transferred all of his 30% stake in the company to an unknown person named “Guan Jun”. According to media reports, Guan had ties to one of China’s most influential government officials. Guan had purchased Bharat’s stake from him in 2017. The China Human Rights Accountability Center called for investigation into this deal and shared several important details. When asked how the deal took place, neither Bharat nor HNA disclosed any information. Both of them refrained from sharing any information regarding the transfer of the conglomerate’s ownership. However, the pressure kept increasing and HNA had to release an open letter themselves. In their letter, they didn’t mention Guan. Instead, they claimed that Bharat’s stakes in the company had gone to a US-based charity. Later, Bharat said that the senior management of the company is Buddhist and wants all the shares to go to charity at some point. Bharat Bhise never explained how the ownership of his shares which were worth in billions went to the donor Guan Jun. Guan’s registered address is of a simple apartment where reports found a trash-laden building. Similarly, Guan Jun’s business address was the address of a street-side spa in a residential neighborhood. Certainly, the details were false and both Bharat and HNA were hiding something. Both Bharat and Guan’s shares were deemed shady and suspicious by international media. HNA claimed that Guan didn’t work for the company but media reports say that he served as co-chairman in a P2P lending platform of HNA. Due to such dubious ownership, Bank of AMerica decided not to do any business dealings with HNA. However, after receiving all of these allegations, nothing came out of it. Bharat Bhise roamed scot-free and has since moved onto other ventures. As the chairman of Bravia Capital, Bharat had co-invested with HNA in many of its overseas investments. These included Africa World Airlines, MyCargo Airlines and SeaCo, a marine container firm.
Learn more: Bravia Capital Founder Bharat Bhise Under Scrutiny

Further Frauds by Dr Kannan Vishwanath

thomas8856 — Fri, 03 Dec 2021 14:27:10 -08:00

DDL Investors Group 24 JUL 2016 — (4) Fraud No. 4 May 06, 2011 – Aanjaneya Lifecare entered into the capital market with an IPO of 50,00,000 equity shares. Issue Price: Rs. 234 Per Equity Share, Issue Size: Rs. 117.00 Crore. Aanjaneya Lifecare was subsequently named as Dr Datson Labs Ltd. It is alleged that Dr Kannan Vishwanath misused some of this money. (5) Fraud No. 5. As per Annual Report FY 2013 – 14, Dr Datson Labs had two world class R&D Centres at Mangalore and Bangalore. Subsequently what has happened to them is not know. Have they been sold and if yes where is the money from its proceeds? (6) Fraud No. 6. Aanjaneya Lifecare Ltd, Aanjaneya House, Plot 34, Postal Colony, Chembur, Mumbai � 400 071, Maharashtra, India. Phone: +9122 2526 4500 Fax: +9122 2522 3521 i.e. Dr Datsons office was alleged to be fraudulently registered by Dr Kannan Vishwanath on his name using backdated stamp paper wef 2011 and in Jun 2015 it was transferred on his father / mother’s name. (7) Fraud No 7. (a) Dr Kannan Viswanath has started (backdated) Hong Kong base company Windsonn Exim Limited. Its board members as per its site are, (i) Dr Kannan Viswanath MD, (ii) Mr Arthure Kibble, based at UK, (iii) Dr. Rajendra Kamat, and (iv) Ing Alex Eens (President). Patents belonging to Dr Datson Labs are shown as belonging to Windsonn Exim Limited also. Is it possible for two companies to hold same 15 patents.http://windsonn.com/patents.html. (b) Various address give are as follows :- (i) WINDSONN EXIM LIMITED – HONG KING, Office : 903, 9/F Dannies House, 20 Luard Road, Wanchai , Hong Kong SAR, Phone no. : +85221159251 Fax : +85221159251 (ii) WINDSONN EXIM PVT LTD – INDIA, Corporate Office : Matruchaya, Plot No 34, Postal Colony, Chembur, Mumbai 400071 India, Phone no. : +91 22 25243678 / 25270017 Fax : + 91 22 25262890 and (iii) R & D CENTRE & WAREHOUSE, Windsonn House, Plot No W-91D, MIDC Taloja -401208 Raigad Dist Maharashtra State India Phone no. : +91 22 27402223, Fax : +91-22-27411837 Address at sr (ii) and (iii) belong to Dr Datson Labs Mr Arthure Kibble, based at UK appears to be an Advocate Mr ARTURO A. KIBBLE who has appeared many times in Bombay HC in the matters of Dr Dason Labs Ltd In these frauds Dr Kannan has been assisted by his father, Mr Kasi Vishwanathan. Dr Rajendra Kamat, ex Non Exe Chairman, CFO and Company Secy werwe aware of it by virtue of their posts. Also Mr Kishore Iyengar, a close confidant of Dr Kannan Vishwanath is alleged to have been deeply associated in all the fraudulent activities of Dr Kannan Vishwanath.
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Racist Romantique Limo Driver Picked Up The Wrong Honky

STDCarriers.com — Fri, 06 Apr 2012 14:25:43 -07:00

The first New Yorker I ever met was a racist Romantique Limo driver from Brooklyn that Anderson Cooper paid to pick me up from the airport so I could get lost looking for Patrick Bateman's apartment on my way to a hotel on the upper west side supposedly just 2 blocks from the American Gardens Building on West 81st street. Upon further review the American Gardens Building was found not to exist, at least not at 55 W 81st street just 2 blocks away from the hotel where I was staying. As a result I had no choice, but to take a nap for 3 hours before getting up, getting dressed, and showing up at the studio at 5 AM PST. If that was not bad enough I had the memory of the previous night to deal with. A night in which I found myself in the back of an Escalade driven by an old overweight white guy with a foreign accent sounding somewhat like English, but altered due to a speech impediment commonly referred to as a Brooklyn accent. The racist Romantique told me, a complete stranger that the street he was chauffeuring me down separated the upper east side from Harlem and that he wanted to give me the layout of the city as simply as possible. He said that the layout is easy to remember because it is very simple, "the monkeys live on the right and the rich white people live on the left". I couldn't believe my ears, but I didn't want to piss the driver off, so I acted like I was cool with it at first before eventually telling him that his comment was "f*cked up", that I've known a number of them so called "monkeys" he was talking about, and that several were friends of mine. He didn't open his mouth much after that. Eventually he dropped me off at which point he still had a business card I gave him shortly after leaving the airport and long before he showed me his racist side. It was a number on that card which some people have stalked me for and as a result I'm usually reluctant to share it with people. As a victim now I am willing to come forward as the guy who lobbied a producer not to report racism because I didn't want to get on the bad side of whoever that driver was. Conclusion I'm ranting about a true and genuine experience with a racist Romantique Limo driver hired by the Anderson Cooper show. I doubt Anderson or his staff had any idea how racist my driver was, but in the future I recommend not using that guy.
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Verizon Wireless Android Phone Insurance is a Ripoff

NoLimitList.com — Fri, 07 Oct 2011 14:22:53 -07:00

In late April or early May I found out that I was wasting money on phone insurance from Verizon Wireless for no good reason when a Whirlpool washing machine destroyed my smartphone. After confirming with Verizon that my phone was covered by the insurance policy that I was paying $5 a month for I discovered that I would still have to buy a new phone for $90. They said that the payment was to cover the deductible, but when I buy insurance for a product I expect it to be replaced in full no matter how unconscionable the service agreement I have better things to do than read is. If I spend nearly $200 on a phone full of features I don't need or want and lose it 7 or 8 months later I expect to get a new one for free. I might be the kind of guy who would claim to have lost it to collect the insurance money if I had thought of it, but Verizon thought ahead me before I even realized what they were thinking ahead of, so they required me to send my phone back to prove that Whirlpool's washer destroyed it. Even then they refused to replace it as implied when I let the salesman at the store convince me to buy it just so that I wouldn't have to listen to that douchebag anymore. Now if I payed $40 over that period it might not match the retail price of the phone, but it sure as hell exceeds the manufacturing cost of such a device made in China for the benefit of the Communist Party. Obviously I was ripped off by Verizon Wireless when I paid money to insure a phone that they still charged more money to replace despite collecting enough from my insurance payments to cover replacement costs and for what? To support a company that has been and will always be linked to the Communist Party? Some company they are.
Learn more: Verizon Wireless Android Phone Insurance is a Ripoff

Android Deleting Call Log & Messages Without Permission

NoLimitList.com — Fri, 07 Oct 2011 11:28:30 -07:00

I just found out that my Verizon Wireless Andriod smartphone has deleted all of my call logs and messages that have not been sent or received within the past 5 months without my permission. As a result I have lost an important number that could have come in handy for promoting my business. I know why this happened, why they did it, and how to prevent it from happening again. Verizon did this because they knew that my phone like any computer has limited memory and that if they never established a limit on storage that eventually its memory would get full and it would not be able to store new data. They could have just allowed the phones to store all call data until the storage device is full and instruct the user to delete data to free up memory, but their marketing people decided that most users would not like it. This is most likely due to flawed statistics weights the significance of all paying customers equally without realizing that some customer are more important than others. As someone who uses his phone to increase his own revenue I am more important that all Verizon customers who don't use their phone for commercial purposes are less important than any single customer who uses their phone to make money. They also know that many inferior customers they seek to serve are too stupid to understand simple direction asking them to select messages and call log entries that they would like deleted, that such stupidity is likely to result in calls made to customer service asking them how to do it because they can't read a sentence of few. As a result Verizon thinks that it is better for business to satisfy the stupidity of the masses than to manage its morons. The easiest way to avoid my predicament is to store important numbers elsewhere just in case you might not need them within the next 5 months. I could have done this since I already knew that my call and message logs probably would not last forever, but I decided not to out of principal. The principal that Verizon needs to consider the potential value of one record over the desire of many and because I know that by posting this here it will increase the value of my website at a time when I should still be able to recover the number by calling them, logging into my Verizon account, or checking my emails. I also did it because even though I knew better I just forgot. Now I am suffering because of the stupid people who serve the idiots lack my genius and yes, I am a genius. I know that I am a genius because the last time I gave myself an IQ test I scored over a thousand and that make me more smarter than you.
Learn more: Android Deleting Call Log & Messages Without Permission