20. Michael Markow, age 56, resides in Westlake Village, California. 21. Global Guarantee Corporation («Global Guarantee») is a California corporation that Michael Markow formed in 1992 and managed all through the related times. 3. From late 1999 by early 2000, Tsai, Michael Markow and his company, Global Guarantee Corporation (collectively, «Markow»), Francois Goelo («Goelo»), and Yongzhi Yang and his company, K&J Consulting, Ltd. 2. Aaron Tsai («Tsai») formed MAS as a shell company in 1996. From then through August 1999, Tsai purported to switch possession of lots of MAS`s outstanding shares of common stock to approximately thirty shareholders. MAS Acquisition XI Corporation («MAS»). In any respect relevant occasions, he was a guide for the Chinese Linux company, after which continued to be a guide for MAS after it acquired the Chinese Linux firm and changed its identify to BluePoint. 9. Within the weeks and months after BluePoint started buying and selling, BluePoint`s worth and quantity steadily declined from its all-time excessive of $21. .
The Promoter Defendants and Broker-seller Defendants engaged in trading of BluePoint shares at artificially high prices that had been a whole lot of instances greater than what the Promoter Defendants had paid for less than three weeks earlier. 8. On March 6, 2000 and after, Jerome Armstrong («Armstrong») promoted BluePoint on the Raging Bull internet site, which carried lots of of posts about BluePoint. Yongzhi Yang formed K&J in January 2000. Yongzhi Yang used K&J to acquire and promote BluePoint stock. He was employed as a registered representative for four completely different securities corporations earlier than 1993. In 1998, California issued «desist-and-refrain» orders in opposition to him for operating an unlicensed broker-supplier and for promoting securities that had not been «qualified.» Alabama issued a stop-and-desist order against him in 2000 for operating an unregistered broker-dealer. From 1998 through 2000, Tsai was additionally a registered representative for 3 securities firms. 7. Tsai made false filings with the Commission when he did not disclose his true possession of the shares and the next sale of those 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 never reported their possession to the Commission in any filing as required beneath the federal securities legal guidelines.
The Promoter Defendants never reported any modifications in possession once they offered their BluePoint shares in any filings with the Commission. 6. In any respect related instances, Markow, Goelo, Yang and Luo (collectively, the «Promoter Defendants») acted as a gaggle and controlled a overwhelming majority of the free-buying and selling shares, or float, of BluePoint in order to control the value 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 precipitated solely by Yongzhi Yang. At all related occasions, acts of this entity had been triggered solely by Ke Luo. British Virgin Islands entity organized and managed by Ke Luo. He started trading in 1999. In 1968 he was in Tours University in France however did not finish. From 1992 by way of 1998, he was a pupil within the United States, and xây dựng biệt thự during 1998-99, he was employed as a research scientist at a university in Alabama. There are internet sites for everyone and the whole lot from film stars to someone’s pet Yorkie; why not put up a page for your house. This has been created with the help of công ty xây dựng!
Also, please like our specific Brecksville, Ohio Lawyer facebook page and our specific Hudson, Ohio lawyer facebook page. 27. Sierra is a broker-dealer located in Columbus, Ohio that has been registered with the Commission since 1994. Sierra is a small, one-workplace operation that carried out a normal securities enterprise 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 business world as we speak. Sure. But that already occurs at present under our authorities-enforced licensing, inspecting and enforcement system. MAS to amass a Chinese company that purportedly had developed a Chinese model of the Linux pc working system. During this similar time interval, Tsai formed almost fifty «blank check» public shell corporations, together with MAS. Tsai formed MAS in October 1996. From October 1996 by means of a minimum of February 2000, he was the chairman, president, and treasurer of MAS. Nonetheless, the Promoter Defendants continued to sell at a profit, having paid Tsai solely pennies for their shares.