Marco (Deli) cease order in Wisconsin

[granny2shoes]

i got this from another board.


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Oh Deli, what a tangled web we weave.

www.wdfi.org/_resources/indexed/site/newsroom/admin_orders/2007/ma_Glisson_ord.pdf

BEFORE THE
DIVISION OF SECURITIES
DEPARTMENT OF FINANCIAL INSTITUTIONS
STATE OF WISCONSIN
In the Matter of ORDER OF PROHIBITION
MARCO GLISSON, (SUMMARY)
Respondent. File No. S-06070(EX)
Based upon the attached Petition for Order I have reason to believe that unregistered securities have been offered or sold and that any further offer or sale of unregistered securities by or on behalf of the Respondent would be fraudulent to purchasers and I find that this action is necessary and appropriate in the public interest and for the protection of investors;
Therefore, pursuant to sees. 551.24(2), 551.60(2)(a) and 551.63, Wis. Stats., IT IS ORDERED THAT:
a Marco Glisson, his agents, servants, employees, and every entity and person directly or indirectly controlled or organized by or on his behalf, are prohibited from making or causing to be made to any person or entity in Wisconsin any further offers or sales of securities unless and until such securities are registered under Ch. 551, Wis. Stats., or successor statute, or properly exempted therefrom.
b. Marco Glisson, his agents, servants, employees, and every entity and person directly or indirectly controlled or organized by or on his behalf, are prohibited from selling securities to persons in Wisconsin unless the Respondent, agent, servant, or employee is licensed under Ch. 551, Wis. Stats., or successor statute, or exempt from the licensing requirement.
EXECUTED at Madison, Wisconsin, this7th day of December 2007. (SEAL)
Patricia D. Struck
Administrator Division of Securities
NOTICE:
You are advised that any willful violation of an Order issued by the Administrator of the Division of Securities of the State of Wisconsin Department of Financial Institutions under Ch. 55 1, Wis. Stats., is a criminal offense punishable under the provisions of sec. 551.58, Wis. Stats

[granny2shoes]

here is some more,

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www.wdfi.org/_resources/indexed/site/newsroom/admin_orders/2007/ma_Glisson_pet.pdf

BEFORE THE STATE OF WISCONSIN
DEPARTMENT OF FINANCIAL INSTITUTIONS DIVISION OF SECURITIES
In the Matter of PETITION FOR ORDER
MARCO GLISSON,
Respondent. File No. S-06070(EX)
The staff of the State of Wisconsin, Department of Financial Institutions, Division of Securities, has conducted an investigation in this matter pursuant to sec. 551.56, Wis. Stats, and as a result thereof alleges as follows:
1. Marco Glisson ("Glisson"), date-of-birth of February 28, 1955, is an individual with a last known address of 2200 S. Fort Apache Road, Apartment 2017, Las Vegas, Nevada 89117. Upon information and belief, from at least December 2005 through May 2006, Glisson resided at 1026 M. Washington Street, Janesville, Wisconsin 53546;
2. Upon information and belief, during the period of at least December 2005 through May 2006, Glisson purchased and sold millions of shares of stock in CMKM Diamonds, Inc. ("CMKM") to individuals across the United States including at least one person from Wisconsin.;
3. Upon information and belief, the Wisconsin transaction referred to in Paragraph 2 above consisted of the sale of shares of stock in CMKM;
4. In an August 20, 2007 deposition of Glisson conducted by the U.S. Securities and Exchange Commission ("SEC"), Glisson admitted that between December 2005 and May 2006, Glisson was involved in various securities transactions of CMKM where he would buy shares of CMKM stock and resell those shares to other individuals;
5. Upon information and belief, based on the sales of the securities described above, Glisson transacted business in Wisconsin as a broker-dealer, as that term is defined by sec. 551.02(2), Wis. Stats.;
6. At no time has Glisson been licensed as a broker-dealer pursuant to Ch. 551, Wis. Stats.;
7. Glisson has violated sec. 551.31(1), Wis. Stats., by transacting business in Wisconsin as a broker-dealer without a license;
8. On March 3, 2005 the SEC temporarily suspended all trading in CMKM; to date the suspension has not been lifted;
9. CMKM has never been registered under Ch. 551, Wis. Stats.
10. Respondent has violated sec. 551.21(1), Wis. Stats., by offering unregistered securities to at least one person in Wisconsin.
Therefore, the staff of the State of Wisconsin, Department of Financial Institutions, Division of Securities, petitions for the issuance of the attached Order pursuant to Ch. 551, Wis. Stats.

Gregory Kipfer
Bureau of Registration & Enforcement

David A. Cohen, Supervising Attorney
Date Bureau of Registration & Enforcement

[hundredtoone]

That's what I thought...you can't sell or buy UNREGISTERED securities and if you DO...it makes you a BROKER DEALER ...so all those transactions will become null and void IMO and SHORTY will not be able to apply them to their position IMO...personally I am GLAD...I did not want to see SHORTY get let off the hook...and ANYONE else that has been pulling this will get pulled in too IMO...Flying Moose(cmkxunofficial)

[imSINGLEruRICH]

Re: Marco, (Deli) cease order in Wisconsin« Reply #20 on Today at 8:26am »



Yesterday at 9:52pm, wirudy wrote:
What does this mean for those of us who also live in Wisconsin who have purchased shares from Deli?

wirudy



goodolboy
DIAMOND DIGGER
It means very little. When I talked to the Wisconsin investigator, he specifically said that all they could do was demand that marco stop selling. They cannot impose any fines nor disgorgement. Additionally, this C&D I believe had to deal with his lady friend that he gave shares to and then took them back for non payment. As it was the only transaction that Marco made that fell into the broker category. Only a broker would have been able to reverse that type of transaction for non payment.

[hundredtoone]

BUT I bet KW and BF could CANCEL any transfers that were made illegally...I don't know for sure but they did say they would cancel any funny shares from ANYONE...

"The near-term focus of management will be to take action in pursuit of the following goals:

Find lost/misappropriated Company funds, and return them to the Company;
Locate those who have wronged the shareholders, recover assets from them, and if appropriate, their insurers;
Thoroughly evaluate all pending contracts and current legal obligations to expedite the Company’s return to trading.
In the first of two CEO updates on 4/18/07, Mr. West mentioned an ongoing investigation by attorney Bill Frizzell “into the sale of bulk certs.” To this subject, Mr. West now adds, “We have evidence of the attempt by at least one specific large brokerage firm to purchase for itself, rather than simply transfer, such certificates. However, we will have an expert examining several suspect transactions.”

"It is the company's intention to cancel any illegal, forged or unauthorized shares regardless of how they were obtained. This is part of the shareholder and outstanding share audit we have been undergoing and transparency is a requirement in everything we are doing."

www.cmkmdiamondsinc.com/ceoupdates.php

Now think about this...the SEC was right on Deli (for them) and deposed him pretty quick(for them)...and yet NOTHING against the PRINCIPALS like UC/RG/DS/IBM of the SUPPOSED SCAM...you know what...in my book that is INCREDIBLE/IMPOSSIBLE... [glow=red,2,300]MERRY CHRISTMAS TRUE LONGS[/glow]... we have more here than meets the eye IMO...and the TWINS are a big part of it I now believe...they are under SCRUTINY just like everyone else INCLUDING...SHORTY...Flying Moose(cmkxunofficial)

[imSINGLEruRICH]

ERRRR...... HMMMMMMM....


justice
Super Sleuth
Interesting Post By Houstontex about CMKX
« Thread Started on Yesterday at 10:01pm »

For those of you that are not familiar with this shareholder, he at one time was very adamant pushing the issue of lawsuits against Urban about the same time tha Dave Harrison was threatining the same , his post here may indicate how many of the one time really dissatisfied shareholders that were complaining so much just happened to dissapear and become silent in this CMKM fiasco. Sadly though this post may implicate him in the same activity Delidogg now faces. I found this on Sterlings classroom board


By: hikingtigger
24 Dec 2007, 08:43 AM EST
Msg. 345059 of 345066
(This msg. is a reply to 345054 by houstontex1110.)
Jump to msg. #
You follow fantastic investment rules, houston. Like you say, the writing was on the wall 2 years ago with CMKX. Total loss. So what? Great that you sold before it stopped trading. I was not so fortunate because I wasn't forced to sell. Too bad, eh? Anyway...it's stop loss management and nimbleness that rule the day in the land of the pinks (and to a lesser degree with the "real" stocks).



By: houstontex1110
24 Dec 2007, 11:58 AM EST
Msg. 345062 of 345065
(This msg. is a reply to 345059 by hikingtigger.)
Jump to msg. #
hikingtigger Actually I sold out to 2 buyers AFTER it stopped trading. We conducted our sales through: Send me the signed shares, gold endorsed at your bank, and I will transfer funds to your bank account. Wow, that was scary. Never met these two before. Both came through and paid me. Could have taken my shares and laughed.

I was sweating through whole process, but figured I will lose everything anyway if I don't try. They took my shares and sold them on the pump boards and doubled their money. I hear that they made at least 30 thousand doing it. They saw an opportunity. Now that was real clever investing on their part.

ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=345062


Now the intersting part of this and should be of some interest to Bill Frizzel is just who were the two buyers mentioned that were profiting by selling on what he deems as the pump boards, I would bet that was not the only deal done by the two he mentions. I think it is terrific that such an admission is made publicly that can so easily be traced by contacting RB to get houstontex Name and personal info, then look at his cert numbers and to whom they were transferred to.

Goodolboy a possible recourse action avenue for you, Ya Think ?

[hundredtoone]

Doesn't appear have been TOO awfully CLEAVER of an investment for EITHER side of the transaction IMO...Flying Moose(cmkxunofficial)

[JoeRockss]

hundredtoone said:

Doesn't appear have been TOO awfully CLEAVER of an investment for EITHER side of the transaction IMO...Flying Moose(cmkxunofficial)

agreed....