20. Michael Markow, age 56, resides in Westlake Village, California. 21. Global Guarantee Corporation (“Global Guarantee”) is a California company that Michael Markow formed in 1992 and managed throughout the relevant occasions. 3. From late 1999 via early 2000, Tsai, Michael Markow and his company, Global Guarantee Corporation (collectively, “Markow”), Francois Goelo (“Goelo”), and Yongzhi Yang and his firm, K&J Consulting, Ltd. 2. Aaron Tsai (“Tsai”) formed MAS as a shell corporation in 1996. From then by way of August 1999, Tsai purported to switch possession of lots of MAS`s excellent shares of frequent inventory to approximately thirty shareholders. MAS Acquisition XI Corporation (“MAS”). At all relevant times, he was a guide for the Chinese Linux firm, and then continued to be a guide for MAS after it acquired the Chinese Linux firm and altered its name to BluePoint. 9. In the weeks and months after BluePoint started trading, BluePoint`s worth and quantity steadily declined from its all-time excessive of $21.
The Promoter Defendants and Broker-supplier Defendants engaged in buying and selling of BluePoint shares at artificially high costs that had been lots of of times more than what the Promoter Defendants had paid for lower than three weeks earlier. 8. On March 6, 2000 and after, Jerome Armstrong (“Armstrong”) promoted BluePoint on the Raging Bull internet site, which carried hundreds of posts about BluePoint. Yongzhi Yang formed K&J in January 2000. Yongzhi Yang used K&J to accumulate and promote BluePoint inventory. He was employed as a registered consultant for four different securities companies earlier than 1993. In 1998, California issued “desist-and-chorus” orders in opposition to him for working an unlicensed broker-supplier and for promoting securities that had not been “certified.” Alabama issued a cease-and-desist order against him in 2000 for operating an unregistered broker-vendor. From 1998 via 2000, Tsai was additionally a registered consultant for 3 securities companies. 7. Tsai made false filings with the Commission when he failed to disclose his true possession of the shares and the subsequent sale of these shares to the Promoter Defendants. Although the Promoter Defendants had collectively acquired practically 20% of BluePoint`s 20 million outstanding shares and over 90% of the publicly traded shares, they by no means reported their ownership to the Commission in any filing as required beneath the federal securities legal guidelines. .
The Promoter Defendants never reported any modifications in ownership when they bought their BluePoint shares in any filings with the Commission. 6. At all related times, Markow, Goelo, Yang and Luo (collectively, the “Promoter Defendants”) acted as a gaggle and managed a overwhelming majority of the free-trading shares, or float, of BluePoint in order to govern the price of BluePoint shares. 4. Markow, Goelo, Yang, and Ke Luo, and his company, M&M Management, Ltd. 22. Francois Goelo, age unknown, resides within the Cayman Islands. 25. Ke Luo, age 44, resides in Jamaica Plain, Massachusetts. 23. Yongzhi Yang, age 44, resides in Irvine, California. British Virgin Islands entity organized and managed by Yongzhi Yang. In any respect related occasions, acts of this entity had been prompted solely by Yongzhi Yang. At all relevant instances, acts of this entity have been brought about solely by Ke Luo. British Virgin Islands entity organized and controlled by Ke Luo. He started buying and selling in 1999. In 1968 he was in Tours University in France but didn’t finish. From 1992 via 1998, he was a student within the United States, and through 1998-99, he was employed as a analysis scientist at a college in Alabama. There are internet sites for everyone and every part from film stars to somebody’s pet Yorkie; why not put up a web page for your own home.
Also, please like our particular Brecksville, Ohio Lawyer facebook page and our particular Hudson, Ohio lawyer facebook web page. 27. Sierra is a broker-vendor positioned in Columbus, Ohio that has been registered with the Commission since 1994. Sierra is a small, one-workplace operation that performed a normal securities business in listed and over-the-counter securities and made a market in many bulletin board stocks. And, one of the crucial aggressive environments within the enterprise world right this moment. Sure. But that already happens immediately underneath our government-enforced licensing, Real Estate in Cincinnati inspecting and enforcement system. MAS to accumulate a Chinese firm that purportedly had developed a Chinese version of the Linux computer operating system. During this similar time interval, Tsai formed almost fifty “clean check” public shell corporations, together with MAS. Tsai formed MAS in October 1996. From October 1996 through at the least February 2000, he was the chairman, president, and treasurer of MAS. Nonetheless, the Promoter Defendants continued to sell at a revenue, having paid Tsai only pennies for his or nha thau xay dung her shares. This data has been done with công ty xây dựng!