The Faulking Truth-THE BOOK [excerpt]Chapter 31

[3bid]

A couple tidbits from last Friday's show:

"I have three words for you: Switzerland, Germany, Austria. Those are countries that don't extradite back to the US." John T. Moran III telling Urban to flee the country and escape extradition. Excerpted from interviews with Kevin. This is the guy that was just named to the Ethics Commission in the state of Nevada.

"When I tell you that I resigned and forfeited all the back pay that they owed me, frankly, I just wanted the hell out." [Robert Maheu]

FaulkingTruthLIVE_2008-02-15-09-58.mp3
tinyurl.com/25d5ld


-3bid

[enoughalready]

From what little I know of the guy this doesn't make sense to me. He doesn't seem like the type of person to see something shady and just want to get "the hell out". With all his connections if he saw something shady I would think he would fix it and do the right thing. I have no idea - just my thoughts on what I would do. Looking the other way or washing your hands of a situation is not an adimarable trait.

"When I tell you that I resigned and forfeited all the back pay that they owed me, frankly, I just wanted the hell out." [Robert Maheu]

[3bid]

Maheu had more to say, as told by Mark. I recommend listening to the show for whatever it might have to offer. If only to further deepen your speculation in whatever direction these ideas lead you. THE BOOK won't be easy for any thinking person to balance on their head. Whether it be pointy, round, or flat.

-3bid

[x3xsolxdierx3x]

The Naked Truth: Investing in the Stock Play of a Lifetime (From Chapter 31 - Revelations)
by Mark Faulk
The Naked Truth: Investing in the Stock Play of a Lifetime
© 2008 Mark Faulk. All rights reserved.
No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author. This excerpt may be reposted with a link back to www.faulkingtruth.com/Articles/Investing101/1080.html on public internet websites, and may be forwarded or mailed to public officials.
________________________________________

This is an excerpt from the soon-to-be-released book “The Naked Truth: Investing in the Stock Play of a Lifetime”, which is currently at the printers and scheduled to ship in the next few weeks. This excerpt is from Chapter 31, entitled “Revelations”. It takes place following repeated demands from CMKX shareholder/attorney Bill Frizzell that CMKX take legal action against individuals associated with the company who he believes defrauded shareholders of over $250 million. Included is a meeting between interim CEO/shareholder Kevin West, company attorney John T. Moran III (who was hired to file an interpleader action on behalf of CMKX), and Chairman of the Board/former CEO Urban Casavant:

The Naked Truth: Investing in the Stock Play of a Lifetime (From Chapter 31 - Revelations)


On March 27, 2006, in what amounted to a warning shot across the bow of the company, Bill Frizzell sent a follow-up letter to his September, 2005 Shareholders’ Derivatives Letter. Addressed to Urban Casavant, Kevin West, and John T. Moran, III, he said that the company had failed to “take legal actions against a securities broker and various individuals for damages caused to the company.” He then got straight to the point of the letter: “A suit will be filed this week on a party or parties named in this letter as a result of the Company’s refusal to act on such shareholders’ request.”

Frizzell went on to state: “In my opinion there still remains huge ‘fails to deliver’ of Company stock in brokerage accounts around the country. I have the benefit of various NOBO and OBO lists that existed before the cert pull. As you know I have a wealth of documentation from several brokers who refuse to issue certs to their customers in CMKX. The documentation that has been sent to this office will be very helpful to the Company and shareholders as we work towards trading status.”
He then presented a summary of the First Derivatives Rights letter, a list that made it seem impossible for any rational person to question the magnitude of the corruption that existed in CMKX. He said that continued investigation had confirmed the facts laid out in the first letter, and recommended that:

“The Company should pursue its remedies against all third parties that have harmed the Company. Shareholders have asked me to pursue these individuals and others. I will do so on their behalf for the benefit of the Company.

Shareholders demanded legal action by the Company in September of 2005 against John Edwards and NevWest Securities. The NASD has now completed its investigation into the Edwards’ trades and filed a complaint against NevWest in September of 2006. The facts set out in the complaint confirm the shareholders’ concerns regarding the acts of Mr. Edwards. The NASD complaint states that 250 billion shares of CMKX stock was sold through the Edwards trading accounts. Shareholders concerns were validated by this complaint.”

He summarized the remainder of the miscreant’s list, which included former accountant Neil Levine, former company treasurer and CFO David DeSormeau, consultant James Kinney, who received almost 100 billion shares of CMKX stock, and former secretary Ginger Gutierrez, who received 23 billion shares of stock.

And then there was Brian Dvorak, whose laundry list of dirty deeds spanned a full page in the first letter, including the issuing of numerous opinion letters that allowed over 200 billion unrestricted shares of CMKX stock to be dumped into the market. He also authorized the forward split that gave certain individuals 100 times the number of shares held prior to the split. It was later revealed that in several of the opinion letters, Dvorak actually miscalculated and issued 1000 shares for every share that was purportedly already owned. In a letter dated December 15, 2003, Dvorak issued 4 billion free-trading shares of CMKX stock to Emerson Koch, who he said had purchased 4 million shares of CMKI stock. To make it even more confusing, the opinion letter first claimed that Koch originally purchased his shares on November 4, 2001, then said that corporate records showed that he purchased them on February 21, 2001. Either way, Koch received his financial windfall based on Dvorak’s “fuzzy math”. Not only did Dvorak authorize the issuance of an extra 3.6 billion shares of stock, neither Koch, Urban, or Helen Bagley from 1st Global Transfer caught the error. Koch received and sold extra shares worth hundreds of thousands, and possibly millions of dollars.

Frizzell reiterated his recommendation that the company should pursue legal action against everyone named in the first shareholders’ rights letter. Then he added Roger Glenn to the list of those who he believed should be sued, a name that for a lot of shareholders formed one of the three points of the Holy Trinity of CMKX.

Frizzell laid out his case against the man who most shareholders had heralded as a savior to the company when he came on board in June of 2004. It was the trumpeted entrance of Glenn that almost single-handedly triggered the massive price run that sucked in thousands of shareholders when the stock rose over a thousand percent in a matter of days…and then dropped back to its original price of one one-hundredth of a cent. He ended his list with the most d*mning fact of all, that “Mr. Glenn had authored 11 opinion letters in a three-month period resulting in the issuance of 300 billion plus shares”, which were immediately sold to thousands of unsuspecting shareholders by John Edwards, David DeSormeau, James and Jeannie Kinney, and a host of others.

At another meeting with Urban, J.T. Moran and his partner Jeff Bendavid, only the second one where Michael Williams wasn’t present, Kevin realized why Urban really wanted to walk away from CMKX. Moran brought up the idea of putting the company into bankruptcy again, and Kevin immediately protested:

“Moran told us that they had been talking to a securities firm in New York that specialized in bankruptcies and said, ‘They said we should forget about the interpleader and put the company into bankruptcy. That way we can sell off a third of the Entourage shares, we’ll all get paid and you can leave.’ Then he turned to Urban and said ‘You know you’re going to jail, right?’

Urban was shaking so badly that you could see it…his hands were shaking so much you could hear his watch rattling. He told J.T. ‘I talked to Chesnoff and he said he’d get me off.’

Moran told him ‘You might skate on some of the charges, but they’ll get you on a couple. You’ll get a minimum of 13 years in prison.’

Then he turned to me and said ‘Kevin, cover your ears for a minute.’ I said ‘What?’ He said ‘Cover your ears for a minute.’ I told him that if he wanted to speak to Urban in private that I’d leave the room, but I wasn’t going to cover my ears.

So then he turned to Urban, cupped his hands over his mouth and mouthed something to him, but Urban shook his head that he couldn’t understand him Finally, Moran just said it out loud, ‘Urban, I have three words for you: Switzerland, Germany, Austria. Those are countries that don’t extradite back to the U.S.’”

« Last Edit: Today at 1:59pm by faulkingtruth » Link to Post - Back to Top Logged

[hundredtoone]

It is all SPECULATION as far as I can see and they better have it documented or I can see how a lot of powerful lawyers might take issue witth this BOOK if things were divulged in confidence...also it brings up a lot of questions on how KW handled the situation after he learned of the FRAUD...didn't tell US about it for a long time...in FACT he told us UC was a god fearing man and on our side...this book is going to be a treasure trove for some to poke holes in KW and BF's role in this for the last YEARS...IMO...should be fun...AND the copyright laws may give you the right to post EXCERPTS from the book in some cases IMO...

Exceptions: Copyright does not apply to facts, slogans, titles, and simple phrases. Also exempt from protection are works of the U.S. government (be careful: the exemption does not apply to works created by state, local, or foreign governments).

www.copyright.iupui.edu/quickguide.htm

Checklist for Fair Use
www.copyright.iupui.edu/checklist.htm

...Flying Moose(cmkxunofficial)

[johnjrambothe2nd]

I bet u 100 to 1 (pun intended LOL) that those powerful lawyers are the ones with the Depends on right now, including the Old Fart (BM LOL), everybody in this saga has been tempted / corrupted / coerced / dehumanized, by money and greed.... My hope is that team West will not fall or has not fallen yet into the same confine

[3bid]

Urban is hiding, here or there, or where? The papers can't be served by the team in the know, who probably know where he isn't. The discovery process runs point to point, gathering ricochet evidence, reassembling the picture, but heading [aimed] for certain incompleteness of detail? In regard to Urban, that is... or in disregard to Urban, by whatever logic would best serve the purpose and method to reach the goal, of which Urban may or may not be a contributing positive influence. A silent and evasive guilty target, made insignificant by the significance of the plan and its fundraisers?

This storybook situation is deeply puzzling. It seems that the more the truth be told, the deeper into the abyss we go in search of closure. The excerpts will lead us to reading the book, probably the most accurate compass available. But at best, merely a direction finding instrument to help guide us, hopefully out into a brighter territory where we feel relieved in more ways than one. A resting place were we won't have to use 'soon' or 'to be continued' as emotional bridges to nowhere. If Urban is guilty of creating a cemetery for the hopes and dreams of over a fifth of a million investors, and this adventure of a lifetime fails to rise from the dead, after all is said and done, only then will the story be a certain tragedy. But it's never done, and important questions remain without answers.

We're now moving through phases that resist being thoroughly chaptered while in progress. The difficult reading is behind the words. Any attempt to record and publish, to document a story of this complexity and void of conclusions, is a strained effort to do justice to what is the non finality of the CMKX experience and the spirit of all who funded it. As such, who could hope to ask for more so soon in the lifetime of this investment?


-3bid

[3bid]

hundredtoone said:

It is all SPECULATION as far as I can see and they better have it documented or I can see how a lot of powerful lawyers might take issue witth this BOOK if things were divulged in confidence...also it brings up a lot of questions on how KW handled the situation after he learned of the FRAUD...didn't tell US about it for a long time...in FACT he told us UC was a god fearing man and on our side...this book is going to be a treasure trove for some to poke holes in KW and BF's role in this for the last YEARS...IMO...should be fun...AND the copyright laws may give you the right to post EXCERPTS from the book in some cases IMO...

Exceptions: Copyright does not apply to facts, slogans, titles, and simple phrases. Also exempt from protection are works of the U.S. government (be careful: the exemption does not apply to works created by state, local, or foreign governments).

www.copyright.iupui.edu/quickguide.htm

Checklist for Fair Use
www.copyright.iupui.edu/checklist.htm

...Flying Moose(cmkxunofficial)

You hit some of the bigger rusty nails squarely on the head. Hard to believe we are entering the realm of non fiction. Which leads me to speculate even more, now that we have gained some insight from THE BOOK. I can't imagine Kevin exposing himself so, especially with Friz busy nearby, for any silly reason. The visibility factor here is suspicious to me. Urban appears to have made obvious huge mistakes that invite prosecution. To risk so much by hurting so many, that is an incalculable risk. But that's way out there on the leading edge of the CMKXtreme. The complications of suspicious situations continue to drag this thing along. After a few more books and as many authors, we'll get to the bottom of it.

-3bid

[JoeRockss]

Bob Maheu.....Let's not forget.......


Who he is and how he operates.


There are many that believe a sting was implemented with CMKX and with some of the top notch players involved; how could you blame one for thinking it? Me, myself....I'm just sitting back enjoying the show.

Here's one of the excerpts from Mark Faulk's book everyone is talking about.


"When I tell you that I resigned and forfeited all the back pay that they owed me, frankly, I just wanted the hell out." [Robert Maheu]


Now here's another Maheu quote featured in Chicago Mag.

If anyone connects you with the U.S. government I will deny it. If you say Bob Maheu brought you into this, that I was your contact man, I'll say you're off your rocker, you're lying, you're trying to save your hide. I'll swear by everything holy that I don't know what in the hell you're talking about." [Robert Maheu]


tinyurl.com/234fkf


Was Maheu working for the government on a sting connected to CMKX? If he was, I don't think anyone would know about it, not even some of the closely knitted people involved in this whole mess. So all you people acting like it's not a possibility....I think you're naive to the fact of who Bob Maheu is and how he operates.

JoeRockss

[soonerlew]

I just read on another board that those countries do have extradition treaties with us.......is that true? If so....LOL

[soonerlew]

Here it is..........................................


Country / Date Extradition Treaty was signed

Austria / January 8, 1998

Germany / June 20, 1978

Switzerland / November 14, 1990

[hundredtoone]

Well the FUN has begun already huh??...good thinking sooner...so there goes that RUMOR down the tubes...so if that was not true I wonder what else will fail the shareholder test...Flying Moose(cmkxunofficial)

[imSINGLEruRICH]

By: lilburrito0
19 Feb 2008, 10:12 AM EST
Msg. 667398 of 667400
Jump to msg. #
By Phxgold

fyi yes there are extradition treties with all three. but all three of those exlude "fiscal offences" from their extraditable offences

////////////////////////

''When you talk of financial crimes, you have to be careful,'' said Erwin Jenni, head of the extradition service at the Swiss Justice Department in Bern. In Switzerland, he explained, financial crimes involve fraud or embezzlement. Then there are so-called fiscal offenses, he said, which cover tax matters. ''We don't extradite for fiscal and customs offenses,'' Mr. Jenni said, a policy that allows Mr. Rich, who has been indicted in the United States on charges of evading $48 million in income taxes, to live in Alpine comfort in Zug.

query.nytimes.com/gst/fullpage.html?res=9F04E3DA1F38F935A25752C0A961958260&sec=&spon=&pagewanted=2


B The Exception for Fiscal Offences

The strengthening of extradition procedures in relation to financial crime has not always been a feature of international extradition law. Historically, some extradition treaties excluded tax and fiscal offences from the scope of extraditable offences. (21) For example, the 1957 European Convention on Extradition contained a variation on this principle:

Extradition shall be granted, in accordance with the provisions of this Convention, for offences in connection with taxes, customs, duties and exchange only if the Contracting Parties have so decided in respect of any such offence or category of offences. (22)

The traditional exclusion is obviously problematic in an era when tax avoidance offences and finance-related crime, such as banking and securities fraud and market manipulation, have an enormously detrimental impact on national and international economies. A notorious example is provided by the banking fraud of Nick Leeson and the subsequent collapse of Barings Bank. (23)

The fiscal exception had originally arisen out of the view that revenue or fiscal offences were matters relating to internal regulation as opposed to common criminal conduct, or would require enforcement of public laws of a foreign state. (24) Some commentators note the view, held by some in countries with market economies, that fiscal offences were not so much criminal as regulatory, therefore attracting little moral stigma. (25)

There has been a clear transition to the view that there is no good reason for continuing to exclude fiscal offences from the scope of extradition requirements. The Organized Crime Convention now provides that 'States Parties may not refuse a request for extradition on the sole ground that the offence is also considered to involve fiscal matters'. (26) Even before the adoption of this provision, there was an increasing tendency to make fiscal offences extraditable. (27) The Treaty on Extradition between Australia and the United Mexican States, for example, provides that '[e]xtradition shall be granted for offences relating to taxation, customs duties, foreign exchange control or other revenue matters where the acts or omissions constitute an extraditable offence against the laws of both Parties'. (28)

[3bid]

Every slippery level of this warped story appears hopelessly infected with speculation. THE BOOK is host to the same disease.
Oh well, nothing much ever changes around here. Not even now, when parked on an active Faulkline.

-3bid

[hundredtoone]

IMO it is RIDICULOUS to think of Moran telling UC to evade prosecution ...ESPECIALLY in front of KW...what a laugh that book must be...I wonder if it is considered FICTION or FACT... OR a COMEDY...I wonder if Moran will find it funny??...Flying Moose(cmkxunofficial)