Ethos goes Public
Amazing Accuracy
who kept posting bashes about Ethos, calling it a scam. As I said from the
very beginning, these guys had an agenda to try and put a bad light on
Ethos. Some did so to try and make it appear as I would get involved in an
MLM scam.
Here's the latest news.
Ethos Receives New Ticker Symbol -- ETEV
Wednesday November 15, 4:47 pm ET
SAN DIEGO, Nov. 15, 2006 (PRIMEZONE) -- Ethos Environmental, Inc. (``Public
Ethos'' or ``Company'') (OTC BB:VICI.OB - News), a manufacturer and
distributor of a unique line of fuel reformulating products under the name
Ethos Fuel Reformulators, is pleased to announce that its common stock will
begin trading on a post-reverse-split and name change basis under a new
symbol, ``ETEV,'' on the OTC Bulletin Board, effective Thursday, November
16, 2006. The new symbol follows the completion of the Company's reverse
merger with Victor Industries, Inc. on November 2, 2006. The post-merger
Company's common stock has been assigned CUSIP No. 29765X 10 1.
Pre-merger stockholders of Ethos Environmental, Inc. (``Private Ethos'')
will receive one share of common stock of the surviving public corporation,
Public Ethos, for each share of pre-merger Private Ethos common stock owned
by the stockholders. Action Stock Transfer Corporation, the transfer agent
for the entity formerly known as Private Ethos and for the new Public Ethos,
will be sending out new certificates to all pre-merger Private Ethos
shareholders, along with a letter advising the pre-merger Private Ethos
shareholders that a Rule 144 Restrictive Legend will be placed on all such
new certificates. Information regarding registration rights that may be
available to the Private Ethos shareholders will be addressed in the
aforementioned letter.
For additional information pertaining to the issuance of the new Public
Ethos certificates to the Private Ethos shareholders, click on
http://www.actionstocktransfer.com for the transfer agent's contact
information.
``This is a simple step, but a symbolic one,'' said Enrique de Vilormin, CEO
of Ethos Environmental, Inc. ``By trading under this symbol, we are further
establishing our commitment to the Ethos business model as a public company.
This move also extends our presence in the investor community, making it
easier to find us, and to follow our progress.''
For more information about Ethos Environmental, Inc. click on
http://www.EthosFR.com
This news release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Act of 1934, as amended; such statements are subject to risks
and uncertainties that could cause actual results to vary materially from
those projected in the forward-looking statements. The Company may
experience significant fluctuations in operating results due to a number of
economic, competitive and other factors. These factors could cause
operations to vary significantly from prior periods, and those projected in
forward-looking statements. Information with respect to these factors which
could materially affect the Company and its operations are included on
certain forms the Company files with the Securities and Exchange Commission.
UMT
NotSoAmazingAccuracyPaperTradeMLM/HYIP wrote:
> We got an eyeful from a few forum misfits, including one outside non-trader
> who kept posting bashes about Ethos, calling it a scam. As I said from the
> very beginning, these guys had an agenda to try and put a bad light on
> Ethos. Some did so to try and make it appear as I would get involved in an
> MLM scam."
Hahahahahahahahahahhahahahahahahaha!
Only in your little fantasy world would the issuance of a penny stock
equal legitimacy. One look at a Google search involving this scam would
scare anybody thinking about putting money into it.
So tell us, Oh EquaTard (Ratford) ,,, just how much of this stock do
YOU own and at what price did YOU buy it at????
Or is this another of your papertrading exercises?
Anxiously awaiting your reply.
UMT
truth-b-told
Read this:
Author Message
fuelsaving
Stowaway
Joined: 06 May 2006
Posts: 12
Posted: Thu Sep 28, 2006 5:36 pm Post subject: Proof that Ethos
lied about their sales figures
--------------------------------------------------------------------------------
I guess we all remember the reports in early 2006 about how Ethos was
selling tens (or hundreds, depending on who you believed) of millions
of dollars of product to various countries and organisations? For
example, San Diego magazine reported
(http://www.sandiegomag.com/issues/april05/business0405.asp) that
"Ethos Environmental...reported $9 million in sales in 2004. This year
[2005], the company expects revenue of $100 million from China and
Ecuador alone".
We skeptics were always pretty, well, skeptical, about these claims,
but could never prove it. Well, the proof is in, in the form of the
submission from Victor Industries to the Securities and Exchange
Comission regarding their proposed merger with Ethos Environmental Inc
(http://www.secinfo.com/d18hJx.v3c.htm#1stPage). Here are the real
sales figures for Ethos FR:
2003: $ 198,812
2004: $ 332,780
2005: $ 1,780,825
2006 (1st half): $2,711,762
EEI's auditors also comment that "the Company has experienced recurring
losses from operations and has a substantial accumulated deficit. These
conditions raise substantial doubt about the Company's ability to
continue as a going concern."
So maybe the company's not doing quite so marvellously as was
claimed...
Back to top
JohnnyB
First Mate
Joined: 04 Jun 2006
Posts: 126
Posted: Fri Sep 29, 2006 1:12 am Post subject:
--------------------------------------------------------------------------------
Big surprise!
That crap about Ethos being a 10 year old $100 million+ company was
just that ... CRAP!
So far in 2006, sales are a miserable $2.7 million. With revenues at 4E
dwindling to almost zero, it is unlikely Ethos will hit $4 million by
December 31st, 2006.
All those delusional reps who stupidly believed that Ethos was shipping
container loads to China .... we told you it was all BS.
Now you know for sure you were suckered by Ethos and 4E corp!!! Can't
say we didn't try to warn you that the man who lied about his Nobel
Prize, patents and Harvard PhD was lying about everything else!
Back to top
wserra
Quatloosian Federal Witness
Joined: 26 Apr 2003
Posts: 1695
Posted: Fri Sep 29, 2006 2:02 pm Post subject: Re: Proof that Ethos
lied about their sales figures
--------------------------------------------------------------------------------
fuelsaving wrote:
Here are the real sales figures for Ethos FR:
2003: $ 198,812
2004: $ 332,780
2005: $ 1,780,825
2006 (1st half): $2,711,762
It's actually even worse than that.
The same SEC filing shows a net operating loss for 2003 of over $ .5M,
and a net loss for 2004 and 2005 of over $1M. I'll bet the owners are
doing fine, though.
As Joey says, they're all lying scumbags.
Back to top
PonziKiller
Patrizio Quatloosian Consulta Araldica
Joined: 18 Feb 2006
Posts: 220
Posted: Fri Sep 29, 2006 2:07 pm Post subject:
--------------------------------------------------------------------------------
JohnnyB wrote:
Big surprise!
That crap about Ethos being a 10 year old $100 million+ company was
just that ... CRAP!
So far in 2006, sales are a miserable $2.7 million. With revenues at 4E
dwindling to almost zero, it is unlikely Ethos will hit $4 million by
December 31st, 2006.
All those delusional reps who stupidly believed that Ethos was shipping
container loads to China .... we told you it was all BS.
Now you know for sure you were suckered by Ethos and 4E corp!!! Can't
say we didn't try to warn you that the man who lied about his Nobel
Prize, patents and Harvard PhD was lying about everything else!
Good work. Now we can tell this "surprise" in other forum's where the
"super duper fuelsaver's" are pushing their scam.
Back to top
JohnnyB
First Mate
Joined: 04 Jun 2006
Posts: 126
Posted: Sun Oct 01, 2006 10:45 pm Post subject:
--------------------------------------------------------------------------------
So we now know that Ethos is not a stable $100 million company. They
missed the mark by about $97 million. Here's a recap of the 4E/Ethos
SCAM:
The company launched based on these claims:
$100 million Company - FALSE
Owner is a Harvard PhD - FALSE
Owner is a Nobel nominee - FALSE
Product is patented - FALSE
Money Back Guarantee - FALSE
Product is an exclusive proprietary formula - FALSE
Company ships multiple containers to China monthly - FALSE
Owner received award from Chinese Government - FALSE
Company sells to Secret Service & US Military in Iraq - FALSE
Product will be used in Indy 500 cars in 2007 - FALSE
Discovery Channel doing a documentary on Ethos - FALSE
Product reduced emissions in Singapore by 16% - FALSE
Product reduced emissions in Beijing by 10% - FALSE
4E & Ethos have an exclusive marketing agreement - FALSE
Owner was a signator to the Kyoto Protocol - FALSE
Other than that, things at 4E Corp and Ethos are pretty much as
claimed!
Back to top
Red Cedar PM
Burnished Vanquisher of the Kooloohs
Joined: 30 Jan 2006
Posts: 197
Posted: Sun Oct 29, 2006 4:18 am Post subject: Re: Proof that Ethos
lied about their sales figures
--------------------------------------------------------------------------------
wserra wrote:
fuelsaving wrote:
Here are the real sales figures for Ethos FR:
2003: $ 198,812
2004: $ 332,780
2005: $ 1,780,825
2006 (1st half): $2,711,762
It's actually even worse than that.
The same SEC filing shows a net operating loss for 2003 of over $ .5M,
and a net loss for 2004 and 2005 of over $1M. I'll bet the owners are
doing fine, though.
As Joey says, they're all lying scumbags.
Not to mention the fact that they restated their 04 numbers because
they recorded $6.3 million of revenue in error... They didn't record
that in 05 so it wasn't a timing issue, I wonder why on earth they
would have recorded that in error - also their footnote explaining the
restatement is very vague, I would have made them beef that up if I was
their auditor. They also changed audit firms from 2004 to 2005 -
usually not a good sign. In addition, the newest interim statement (six
months ended 6/30/06) mention that their current liabilities exceed
current assets by over $5 million. I can't beIieve the other company is
actually buying Ethos... I have a feeling that the Ethos guys might
decide to clean out the bank account and hop on a plane to Costa
Rica...
Back to top
JohnnyB
First Mate
Joined: 04 Jun 2006
Posts: 126
Posted: Mon Nov 13, 2006 4:41 pm Post subject:
--------------------------------------------------------------------------------
Last week in San Diego, Enrique told the gathered throng of 4E
believers that he expects Ethos Environmental stock to open in the $8
to $9 per share range.
Back to top
JohnnyB
First Mate
Joined: 04 Jun 2006
Posts: 126
Posted: Wed Nov 15, 2006 1:21 pm Post subject:
--------------------------------------------------------------------------------
As a way to explain how $167 million in revenues went missing, this is
the explanation which is being leaked through the unwitting stooge reps
at 4E corp:
"Dan Atkinson started mentioning on some of the calls 2 months ago,
after the revised Ethos revenue numbers were filed with the S.E.C.,
that there was more to it than meets the eye, but that he couldn't say
more. Apparently he, the Victor stockholders and Enrique know far more
than we do. But it appears that we will all be let in on the "secret"
soon enough."
The 4E reps are being told off the record that Ethos has off-shore
trusts and business interests through which hundreds of millions of
dollars are being funnelled!
What a bunch of BS. Ethos is an American based company who manufactures
a fuel additive in San Diego. You cannot 'hide' $167 million in sales
from Uncle Sam unless you want to spent the rest of your life in
prison!
#######
#######
Now why woudl Rick Ratchford, use a FAKE NAME of Amazing Accuracy, and
SPEW favorable comments about a SCAM Company named Ethos, while selling
and PEDDLING products using Rick Ratchford and Fdates, as promotional
ads?
Is it because Rick and Fdates are promoting it? Is it because Rick can
lean on the FALSE comments of the Ethos product, and plug and promote
it in a way that is DEVIOUSLY full of LIES and DECEIT? Does Rick do
this, in order to make money selling it to unsuspecting newcomers who
read his BS Ethos messages? How many newbies has Rick SUCKED into his
Ethos SCAM?
If it looks like Enron, and smells like Enron, and the first letter
starts with an "E", and the fourth letter is an "O," please ignore what
the MISFIT RAT says!!!
Once a SCAMMER, always a SCAMMER!!! Check out Rick Ratchford's PAS and
Ethos SCAM defensive posts that he makes!!! One has already been shut
down by the FTC, and another one is, or will be soon be, investigated
further by the SEC and the FTC, and Rick's other promotions, like his
"Comedy Trading," or his Fdates/Ceppro BS, or his GTD method, Gann
Tossing Darts, or PTDOOTA method, Pulling Turn Dates Out Of Thin Air,
etc....will soon be investigated by the NFA, CFTC, and the Arkansas
Attorney General's Office.
Buyer Beware, if your name is ASSociated with Amazing Accuracy.com!!!
Sincerely,
gerillio.
#######
#######
truth-b-told
How many name changes does Ethos have to do, in order to promote and
plug their ongoing SCAM?
Seems to me, Ethos changes their name, as often as Amazing Accuracy
does?
Victor Industries.....SEC investigation....NOPE name change before they
go public!!!
EthosFR....NOPE....let's call it this month, D-1280X!!!
FuelZone.comReformulator.....NOPE...let's change it to Ethos!!!!
Ethos Stock Identification....NOPE....changed that twice within a few
weeks, after the SEC investigates the Company!!!
AmazingAccuracy.....was Rick Ratchford, now Equalizer in Commodity
Cafe!!!
Z Trader....was Rick Ratchford in the MIF site....now posting as
Amazing Accuracy!!!!
Rick Ratchford....was posting as Rick Ratchford in Commodity Cafe, no
posting as Equalizer!!!!
HUNDREDS of other FAKE and MISLEADING guru names, used by Rick
Ratchford, in this Forum over the past +10 years, only to change them
so you can't trace Rick's DEVIOUS behavior of PEDDLING and PROMOTING
his worthless CRAP, in these Internet chat rooms!!! ProfitMax
Trading...Fdates....Ceppro.....new website changes like Into Forex,
TradersCastle, etc.....with new and improved tracking devices, with the
newest upgrades to see who is visiting Rick's websites....improved "ad
sense clicks," so Rick can provide his "personal SPAM back links," to
his fictitious "ad sites like his TradersCastle forum," and get paid
based on the number of visits by unsuspecting newbies, etc.....
You get the point...... Change names as often as Rick changes his
underwear!!!! Natural Oder, fits Rick perfectly!!!!
Something smells, and perhaps Rick needs to change his identity more
often?
Sincerely,
gerillio.
#########
#########
truth-b-told
STOCK OFFERING SCAM
(See: SEC Filing against Victor below)
July 27, 2006
I was investigating Victor Industries, Inc., the company that Ethos is
supposedly merging with to see if they were legitimate or if they, like
Ethos, made any false and misleading representations to the public for
financial gain.
I went to: http://www.sec.gov/litigation/complaints/complr17383.htm and
found this complaint on past activities of the principals of Victor
Industries. It looks like the Rat Pack is planning another scam. I had
our Law Office in San Antonio contact the broker involved in the Ethos
transaction. We were informed that the merger with Victor would be for
stock with a basis of $0.01 per share. This is a much lower amount than
the $2.00 per share that Enrique de Vilmorin is selling the shares in
Ethos Environmental on the street. He has claimed that the Ethos stock
will jump to $12.00 per share when the merger is complete. Again, more
fraudulent representations by Ethos and now they have formed an
alliance with the people at Victor Industries who have run this Scam in
the past. I will post the results of my final investigation of this
alleged merger with Victor, with accompanying documentation, within
days. We are asking the SEC to investigate this matter because of the
fraudulent representations by Ethos, Victor and 4E.
This is called a "pump and dump" scheme. All of the "Press
Releases" that you read on the Internet are produced by the company
it is written about. They will say anything to get your money. Enrique
de Vilmorin and the principals at 4E have made many fraudulent
representations to the public and have received over $8,000,000.00
(that's 8 million dollars) to finance this Scam. The new product that
Ethos is now sending to the people who sent the 8 million dollars does
not work. It has been reformulated by Enrique, who did not invent the
product, and it is not the same as the D-1280X product that is the
original formula. Enrique is not a scientist. Furthermore, he has no
patents, never graduated from Harvard, never was nominated for the
Nobel Prize and is not a United States Citizen. And you trust him with
your 8 Million Dollars?
4-E Corporation is being investigated by several governmental agencies.
They have had numerous complaints filed against them and they have run
out of money to give refunds to the people who have realized that they
have been SCAMMED. Enrique and the principals at 4E are being
investigated by the SEC for fraudulent sale of securities and the State
Attorney General for fraudulent representation of material facts to
SCAM people of their money.
BE SURE TO READ THE ENTIRE COMPLAINT FILED BY THE SEC ON VICTOR
INDUSTRIES. IF YOU HAVE ANY QUESTIONS PLEASE LET ME KNOW.
RICHARD SNELL
RichardS...@aol.com
HELANE L. MORRISON (Cal. Bar No. 127752)
ROBERT L. MITCHELL (Cal. Bar No. 161354)
JUDITH L. ANDERSON (Cal. Bar No. 124281)
MARC J. FAGEL (Cal. Bar No. 154425)
FREDERICK N. SAAL (Cal. Bar No. 169921)
Attorneys for Plaintiff
SECURITIES AND EXCHANGE COMMISSION
44 Montgomery Street, Suite 1100
San Francisco, California 94104-4613
Telephone: (415) 705-2500
Facsimile: (415) 705-2501
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF MONTANA
MISSOULA DIVISION
--------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
VICTOR INDUSTRIES, INC., RONALD N. PELLETT, PENNY A. SPERRY, and XION,
INC.,
Defendants.
____________ :
:
:
:
:
:
: Cause No.
COMPLAINT
Plaintiff Securities and Exchange Commission (the "Commission")
alleges:
SUMMARY OF THE ACTION
1. Beginning in approximately May 2000, defendants Ronald N. Pellett
("Pellett") and Penny A. Sperry ("Sperry," formerly Penny
Pellett) initiated a scheme to distribute unregistered stock of
defendant Victor Industries, Inc. ("Victor" or the "Company")
to the public. Pellett, a former stockbroker who controls Victor along
with his ex-wife, defendant Sperry, obtained control of nearly 20
million shares of unregistered Victor stock by conducting a sham
private placement offering.
2. Victor purports to be a development stage company based in Missoula,
Montana. Between July 2001 and November 2001, Pellet and Sperry caused
Victor to issue a series of press releases announcing that it was
bringing a "revolutionary" new fertilizer product to market. The
press releases drove Victor's stock price from $0.01 in July to a
high of $0.26 in November on record volume.
3. Pellett and Sperry took advantage of the heightened investor
interest in the Company to sell over a million shares of unregistered
Victor stock to the public. They also transferred millions of
additional shares of Victor stock offshore or to various third parties
who, in turn, sold the stock into the market. Most of the sales and
transfers occurred through defendant Xion, Inc. ("Xion"), an entity
controlled by Pellett and Sperry. Proceeds from the sales have been
deposited in Sperry's bank account. Because of Pellett's and
Sperry's affiliation with Victor, all of these sales violated the
registration provisions of Section 5 of the Securities Act of 1933
("Securities Act").
4. As a result of the violations alleged, the Commission seeks
permanent injunctive relief, civil penalties, an asset freeze and other
appropriate relief against all defendants, and an accounting and
disgorgement of ill-gotten gains against defendants Victor, Pellett,
Sperry and Xion.
AUTHORITY TO BRING THIS ACTION
5. The Commission brings this action pursuant to Sections 20(b) and
20(d) of the Securities Act.
JURISDICTION AND VENUE
6. This Court has jurisdiction over this action pursuant to Sections
20(d)(1) and 22(a) of the Securities Act [15 U.S.C. §§ 77t(d)(1) and
77v(a)]. Defendants, directly or indirectly, have made use of the means
and instrumentalities of interstate commerce or of the mails in
connection with the acts, practices and courses of business alleged in
this Complaint.
7. Venue in this District is proper pursuant to Section 22(a) of the
Securities Act [15 U.S.C. § 77v(a)]. Certain of the transactions,
acts, practices, and courses of business alleged herein occurred within
this District and all of the defendants reside and/or transact business
in this district.
8. Assignment to the Missoula Division is appropriate under Local Rule
105 of this Court because a substantial part of the misconduct occurred
in Missoula and because defendants reside and/or conduct business
there.
THE DEFENDANTS
9. Victor is a corporation organized and existing under Idaho law with
its principal place of business in Missoula, Montana. The Company
operated as an inactive shell entity until December 1999, when
defendants Pellett and Sperry took control of the company. Victor's
common stock is registered with the Commission pursuant to Section
12(g) of the Exchange Act, and during the relevant period has been
quoted under the symbol "VICI" on the Over-The-Counter Bulletin
Board Service ("OTCBB") operated by The NASDAQ Stock Market, Inc.
Victor purports to be engaged in the business of mining and marketing a
mineral known as zeolite and to be a development stage manufacturer of
a "revolutionary" new zeolite-based fertilizer. The Company has not
commenced production of the fertilizer or any other product nor derived
any material revenue from operations.
10. Pellett, 51, has primary responsibility for conducting Victor's
business and has been listed on Victor's press releases as the
Company's investor contact. Pellett resides in Missoula, Montana. He
is a former stockbroker whose registration was revoked by the National
Association of Securities Dealers in May 1999.
11. Sperry, 49, is Victor's nominal Chief Executive Officer,
President and Treasurer and also serves as a director. Sperry resides
in Missoula, Montana. Her home address and telephone number are the
same as Victor's business address and telephone number. Sperry is
Pellett's ex-wife.
12. Xion purports to be a corporation organized and existing under the
law of the State of New York with its principal place of business in
Missoula, Montana. Pellett is Xion's Secretary and sole director.
Both Pellett and Sperry have trading authority over certain of Xion's
brokerage accounts. Xion has no known operations, acting primarily or
exclusively as the conduit through which Pellett and Sperry have
distributed unregistered Victor securities to the public.
DEFENDANTS' OFFERING AND SALES OF UNREGISTERED SECURITIES
13. In or about May and June 2000, Victor purported to conduct a
$950,000 private placement of convertible notes. Documents prepared in
connection with the offering gave the appearance that approximately 16
subscribers invested around $65,000 each in the private placement.
Victor represented in Commission filings that the subscribers converted
their notes into a total of approximately 20 million shares of common
stock.
14. In fact, the offering was a sham designed to give Pellett and
Sperry control over Victor stock. Few, if any, of the private placement
subscribers invested a single penny in the Company, and none received
the millions of shares purportedly purchased in the private placement
other than token amounts. Instead, the private placement subscribers
were led to believe that they would be receiving several thousand
shares of Victor stock as gifts.
15. Unbeknownst to the subscribers, Pellett and Sperry thereafter
directed Victor's transfer agent to issue approximately 1.3 million
shares of Victor stock in the name of each of the private placement
subscribers.
16. At various times beginning immediately after the private placement
and continuing through November 2001, Pellett and Sperry directed
Victor's transfer agent to transfer millions of shares of Victor
stock held in the name of the private placement subscribers to Xion (as
well as to other third parties). Xion also received at least 1.2
million shares directly from Victor as part of the sham private
placement.
17. Beginning in or about March 2001 and continuing at least through
November 2001, Pellett and Sperry commenced selling Victor stock to the
public through various brokerage accounts maintained in Xion's name.
Pellett and/or Sperry had trading authority over each of the brokerage
accounts. Pellett and Sperry sold over a million shares of Victor stock
from the Xion accounts to the public, grossing over $135,000 in trading
proceeds.
18. In addition, Pellet and Sperry directed the transfer agent to
transfer millions of shares of Victor stock from Xion to various third
parties, primarily stock promoters. These persons in turn sold
substantial amounts of Victor stock to the public.
19. Most of the Victor stock sales occurred between July 2001 and
November 2001, when Pellett and Sperry caused Victor to issue a series
of upbeat press releases hyping the "revolutionary" new fertilizer
product. Each of Victor's announcements was followed by a significant
increase in the trading volume. Victor's stock price rose from $0.01
in July 2001 to a high of $0.26 in November 2001.
20. The publicity campaign waged by Pellett and Sperry served the
purpose of generating investor interest in Victor, allowing the
defendants and the stock promoters they had retained to unload their
stock at substantial personal profit without disclosing to the public
their control over the outstanding shares of Victor securities.
21. No registration statement was filed with the Commission or was in
effect in connection with the offers or sales of the Victor securities
described above.
FIRST CLAIM FOR RELIEF
Violations of Section 5(a) and 5(c) of the Securities Act
(Against all Defendants)
22. Paragraphs 1 through 21 are incorporated by this reference.
23. From approximately May 2000 to November 2001, defendants, directly
or indirectly, made use of the means or instruments of transportation
or communication in interstate commerce or of the mails to offer and
sell securities through the use or medium of a prospectus or otherwise
when no registration statement had been filed or was in effect as to
such securities and no exemption from registration was available.
24. While engaged in or participating in the unlawful distribution of
Victor's common stock, and by virtue of their relationship of control
or affiliation with Victor, defendants Pellett, Sperry and Xion were
underwriters within the meaning of section 2(11) of the Securities Act.
25. By reason of the foregoing, defendants, directly or indirectly,
violated, and, unless enjoined, will continue to violate, Sections 5(a)
and 5(c) of the Securities Act [15 U.S.C. §§ 77e(a) and 77e(c)],
which prohibit the sale and offer for sale of unregistered securities.
PRAYER FOR RELIEF
WHEREFORE, the Commission respectfully requests that the Court:
a. Enjoin each of the defendants from future conduct that violates the
provisions of Sections 5(a) or 5(c) of the Securities Act [15 U.S.C.
§§ 77e(a) and 77e(c)].
b. Order defendants to pay civil money penalties pursuant to Section
20(d) of the Securities Act [15 U.S.C. § 77t(d)].
c. Order defendants to account for and disgorge an amount equal to
their unjust enrichment as a result of their conduct alleged herein,
plus prejudgment interest thereon;
d. Retain jurisdiction of this action in accordance with the principles
of equity and the Federal Rules of Civil Procedure in order to
implement and carry out the terms of all orders and decrees that may be
entered, or to entertain any suitable application or motion for
additional relief within the jurisdiction of this Court; and
e. Grant such other and further relief as this Court may deem
appropriate.
DATED: February 21, 2002 Respectfully submitted,
--------------------------------------------------------------------------------
Helane L. Morrison
Robert L. Mitchell
Judith L. Anderson
Marc J. Fagel
Frederick N. Saal
for Plaintiff
SECURITIES AND EXCHANGE COMMISSION
Comment by Richard Snell 07.28.06 @ 12:06 pm
Since everybody wants to "shoot the messenger" let me give you some
facts. NOTE: All documents linked for this email are from governmental
agencies and not from websitesor assumptions of Richard Snell.
There has been many posting that Ethos Environmental has been in
business for over 10 years. This link is to the Secretary of State of
Nevada where Ethos Environmental is incorporated. It will show that
Ethos started business on May 24, 2000. It is now July 29, 2006. By my
calculations that is only 6 years, 2 months and 5 days...NOT ten (10)
years.
Just for fun...PRSI, the largest Internet MLM Scam in history was also
incorporated in Nevada:
OH...and 4E Corporation, the MLM Company for Ethos, was incorporated in
Nevada on March 21, 2006:
Victor Industries, Inc., the company that is to merging with Ethos
Environmental, also had some troubles with the SEC:
http://www.sec.gov/litigation/complaints/complr17383.htm
http://www.sec.gov/litigation/litreleases/lr19278.htm
It looks like from the Press Release, written by the principals of
Victor Industries concerning the merger with Ethos, that the principals
may be planning the same scam they were charged with before:
http://www.primezone.com/newsroom/news.html?d=95976
This seems very much like the Scam run by CITX (Ethos) and the PRSI
(4E) MLM Company:
http://www.ca3.uscourts.gov/opinarch/052760p.pdf
http://www.ky-in.bbb.org/alerts/Alert_Dec031999.html
DEJAVU
ETHOS reminds me of CITX. CITX always had "forward looking" Press
Releases stating all about the company mergers with "strategic
partners". 4E Corporation (MLM Marketing arm for Ethos) operates like
PRSI (MLM Marketing arm for Citx). What happened to Citx and PRSI?
http://www.usdoj.gov/usao/fls/VictimWitness/USvRoemmele/20040824.Indictment.pdf
The trial of Bernard Roemmele is proceeding in Ft. Lauderdale, Florida.
All other defendants...William Caudell, Mike Gray, Larry Barrow, Lester
Gillespie, Joseph Rotunno, Salvatore Argento and Ben Tobin were all
sentenced to federal prison for terms ranging from 5 to 14 years.
There are lots of Court Documents and Records regarding the litigation
between Ethos and Omstar. I know that nobody wants to read them all but
it is interesting reading if you have invested in Ethos through 4E.
http://www.my4ecorp.com/7-9a-2006.html
I received a letter that was written to Enrique de Vilmorin pertaining
to my emails and postings. It was a threat of a lawsuit. I wrote to Mr.
Davidson, the attorney for Ethos, and informed him that I was ready to
accept service and get this matter before a Court so that the
principals could finally submit their defense to these documents and
their fraudulent business practices and false representations of the
fact. I will let you know if they have the backbone to proceed against
me.
Richard Snell
Comment by Richard Snell 07.29.06 @ 8:29 pm
###########
###########
The last we checked on 4E Corporation, Shane Maguire has departed the
company and has gone home to Minnesota. Dan Chattin is no longer a
Officer or Director. Dan Atkinson is the only one left to sign refund
checks. The offices of 4E looks like a warehouse now with all of the
product being shipped back to them for a refund. Several people went to
San Diego and saw that the blending plant of EthosFR is closed. There
are no employees and the equipment is being dismantled. Enrique has
failed to provide the authorities with an Environmental Impact Study so
they have refused to issue proper permits for the plant.
Victor Industries announced that they were not going to send any
further press releases on the Ethos merger. I guess the SEC notified
them that this deal is under investigation because of all the past
legal problems the company has had and the conviction for pump and dump
schemes.
Anybody want to see the Official Documents let me know.
Richard Snell
RichardS...@aol.com
Comment by Richard Snell 08.05.06 @ 10:26 am
Hhmm- for all this time you are putting into tearing down a company you
say you have no involvement with one way or the other, at least get
your facts straight before you open your mouth.
Shane is now in charge of the 4E commercial division to handle fleet
operations for the larger companies interested in the Ethos product and
is in direct contact with the field on setting up these larger orders.
Dan Chattin is still the CEO of 4E and continues to do a Great Job.
Dan Atkinson took over Shane's place as the President when Shane
moved to the Commercial Division.
As far as the merger goes and not releasing press releases, dah, they
cant issue any press releases because they are nearing completion of
the merger and "BY LAW" cannot leak any information until the
merger is complete.
Out of the few thousand people showing below me, so far I have had only
4 charge backs where they requested a refund (and got it) mainly
because they were gullible enough to listen to your garbage. 4 out of a
few thousand is hardly going to shut this company down.
Keep up the good work, the more you try to convince people with your
hidden objectives, the more EVERYBODY is seeing right threw you and
actually strengthening our business knowing we really must be on to
something to have you working over time trying to spread your rumours.
Ofcourse all they have to do is google your name and learn all they
need to know about you and your buddy phil picillo.
Sure hope phil is paying you well for all these hours you are putting
into this.
Comment by J.P. 08.05.06 @ 11:46 am
Why are you attacking me? I have not said one thing bad about the
product! You may be getting checks and that is great. But you must look
past greed to the facts. If Enrique was doing $100,000,000.00 in Sales
last year, why is the blending plant in San Diego closed? That's
right...Closed! Several of the big distributors went to San Diego last
week and found that the facility was closed. They looked in the window
and the equipment is still sitting idle and not put together. They went
to Enrique's office and he told them that they had no right to go
there. When asked for financial statements, stock registers, contracts,
invoices, bill of lading, and other documents, Enrique said that he was
involved in a lawsuit and that his attorney said not to give anyone
anything. Then he asked them to leave. These people are the same
one's who were at the grand event at Ethos in April and have very big
downlines.
I also received an email from a member who signed up under Vortex
Group. She had to pay $1,500.00 to join so that she could market Ethos.
Now they will not give her a refund. I think that sign up fee is
illegal.
Oh well, we will see!!!
Richard Snell
RichardS...@aol.com
Comment by Richard Snell 08.08.06 @ 11:30 am
########
########
truth-b-told
Hey RAT,
Read this!!!
Sincerely,
gerillio.
####
####
http://www.secinfo.com/d18hJx.v3c.htm#1stPage
#########
#########
UMT
truth-b-told wrote:
> Hey RAT,
>
> Read this!!!
>
> Sincerely,
> gerillio.
Rat will just say that the SEC is 'hassling' Victor/Etho's because they
are jealous!
Muhahahahahahahahahahahahahahahahahahahahahahahahahaha!
What a frigging joke! Can Ratford be this ignorant???
UMT
truth-b-told
So RAT, please explain this scenario.
In the link provided, why does the Ethos corporation, have "furniture
listed as +$30,000.00 as assets in one of the following years,
2003/2004/2005," if they had a little corner office with one desk, one
computer, and a chair, located at very nice building in which they
lease 1 room, in the WHOLE building....probably a little corner closet
office, and still, Ethos claims that they have a new business
residence, and own +70,000 square feet of office space, but they really
only have ONE OFFICE room, within the WHOLE BUILDING? Why do they list
this "office space," when they simply do NOT need it, and they more
than likely rent it out to other vendors, if they actually do own the
building?
Further checking the financial situation of Ethos, there is a lot of BS
going on, and good old Enrique. Is he on the run, or is he in China,
peddling his Ethos products to potential Chinese vendors!!! I guess
they ran out of US vendors, so China is the next best stop on the
Ethos Tour!!! Three of the Ethos puppeteers, have left Ethos in
DISGUSTING FASHION, and $$GREED$$ is filling the brim, so perhaps you
should join their marathon of SCAMS, and join Enrique, and defend him
at all costs. After all, if you say something nice about the 4E--(for
Enrique, get it Rick??) Ethos product, and defend their wares in the
Internet, you just might get a year end bonus!!! Perhaps some stock in
Ethos, would do??
How STUPID does Ethos look, in the public's eyes?
Constantly changing the Ethos names over the years...from Econofuel, to
FuelZone, to D-1280x to OmstarD-1280x to Ethos to EthosFR......even
changing stock symbols within a few weeks time.....in order to DUPE the
newbies from catching on to their latest MLM SCAM!!!! Who does this
remind us of.....hmmmmm....does Equalizer, Z Trader,
AmazingAccuracy.com, Fsoftpublishing.com, Fdates.com, Ceppro.com,
Profitmax Trading.com, etc....and literally hundreds of other FAKE
email handle names you have use these past +15 years or so, ring a
bell??? When and where will Enrique be caught? when will Ethos be shut
down? When will they join the PAS SCAM, and have the FEDS shut them
down? Ethos, PAS and Rick Ratchford, Fdates, AmazingAccuracy.com,
Equalizer, etc.....are a JOKE!!! You are an EMBARRASSMENT to the MLM
communities of Ethos and PAS, as well an EMBARRASSMENT to the Futures
Industry!!!!
Sincerely,
gerillio.
######
######
truth-b-told
Here is more information on RAT's BS, who goes by one of many FAKE &
MISLEADING NAMES....like AmazingAccuracy.com, or Equalizer in the
Comedy Cafe, or Z Trader, etc.....you get the picture......and here is
the latest on his Ethos BS SCAM!!!
A few questions first.....Why does Rick Ratchford, defend Ethos and
PAS? Perhaps the reason why is, it might hurt his bottom line
concerning $$INCOME$$, and it would also hurt his bottom line, if RAT
has to issue full $$REFUNDS$$!!! If you bought either one of these
products from Rick Ratchford, please call Rick and ask for your money
back, ASAP!!! Any honest vendor would do the right thing, and issue
full refunds, so we'll see what Rick Ratchford does, concerning this
matter. Wouldn't that give an indication, of how honest and truthful
Rick Ratchford is, if he issued FULL REFUNDS, for every client who fell
hook, line and sinker, for Rick's BS comments, and signed up and bought
his Ethos products or his PAS product? Just contact Rick and ask for a
full refund, and see what he says. My guess it will be like pulling a 4
inch nail, out of a 3 7/8 inch thick board, with your
fingers.....virtually impossible to do!!!
http://www.fuelsaving.info/ethos.htm
Sincerely,
gerillio.
########
########
RichardSnell
CAN'T SELL THEIR SHARES THAT THEY BOUGHT FROM ENRIQUE OVER THE LAST FEW
YEARS AT $2.00 PER SHARE. I TRIED TO TELL EVERYONE THAT THIS WAS A SCAM
AND NOW YOU SEE FROM THEIR OWN SITE AND THE SEC THAT THE ONLY PEOPLE
WHO CAN SELL THIER STOCK IS ENRIQUE AND THE PEOPLE AT VICTOR. NOW ALL
THE STOCKHOLDERS MUST WAIT ANOTHER YEAR BEFORE THEY SEE ANY RETURN ON
THIER INVESTMENT WHILE ENRIQUE ENJOYS THE FRUIT OF YOUR LABOR.
RICHARD SNELL
713-278-7018
Rule 144: Selling Restricted and Control Securities
When you acquire restricted securities or hold control securities, you
must find an exemption from the SEC's registration requirements to sell
them in the marketplace. Rule 144 allows public resale of restricted
and control securities if a number of conditions are met. This overview
tells you what you need to know about selling your restricted or
control securities. It also describes how to have a restrictive legend
removed.
What Are Restricted and Control Securities?
Restricted securities are securities acquired in unregistered, private
sales from the issuer or from an affiliate of the issuer. Investors
typically receive restricted securities through private placement
offerings, Regulation D offerings, employee stock benefit plans, as
compensation for professional services, or in exchange for providing
"seed money" or start-up capital to the company. Rule 144(a)(3)
identifies what sales produce restricted securities.
Control securities are those held by an affiliate of the issuing
company. An affiliate is a person, such as a director or large
shareholder, in a relationship of control with the issuer. Control
means the power to direct the management and policies of the company in
question, whether through the ownership of voting securities, by
contract, or otherwise. If you buy securities from a controlling person
or "affiliate," you take restricted securities, even if they were not
restricted in the affiliate's hands.
If you acquire restricted securities, you almost always will receive a
certificate stamped with a "restricted" legend. The legend indicates
that the securities may not be resold in the marketplace unless they
are registered with the SEC or are exempt from the registration
requirements. The certificates of control securities are usually not
stamped with a legend.
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the
public, you can follow the conditions set forth in Rule 144. The rule
is not the exclusive means for selling restricted or control
securities, but provides a "safe harbor" exemption to sellers. The
rule's five conditions are summarized below:
Holding Period. Before you may sell restricted securities in the
marketplace, you must hold them for at least one year. The one-year
period holding period begins when the securities were bought and fully
paid for. The holding period only applies to restricted securities.
Because securities acquired in the public market are not restricted,
there is no holding period for an affiliate who purchases securities of
the issuer in the marketplace. But an affiliate's resale is subject to
the other conditions of the rule.
Additional securities purchased from the issuer do not affect the
holding period of previously purchased securities of the same class. If
you purchased restricted securities from another non-affiliate, you can
tack on that non-affiliate's holding period to your holding period. For
gifts made by an affiliate, the holding period begins when the
affiliate acquired the securities and not on the date of the gift. In
the case of a stock option, such as one an employee receives, the
holding period always begins as of the date the option is exercised and
not the date it is granted.
Adequate Current Information. There must be adequate current
information about the issuer of the securities before the sale can be
made. This generally means the issuer has complied with the periodic
reporting requirements of the Securities Exchange Act of 1934.
Trading Volume Formula. After the one-year holding period, the number
of shares you may sell during any three-month period can't exceed the
greater of 1% of the outstanding shares of the same class being sold,
or if the class is listed on a stock exchange or quoted on Nasdaq, the
greater of 1% or the average reported weekly trading volume during the
four weeks preceding the filing a notice of the sale on Form 144.
Over-the-counter stocks, including those quoted on the OTC Bulletin
Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. The sales must be handled in all
respects as routine trading transactions, and brokers may not receive
more than a normal commission. Neither the seller nor the broker can
solicit orders to buy the securities.
Filing Notice With the SEC. At the time you place your order, you must
file a notice with the SEC on Form 144 if the sale involves more than
500 shares or the aggregate dollar amount is greater than $10,000 in
any three-month period. The sale must take place within three months of
filing the Form and, if the securities have not been sold, you must
file an amended notice.
If you are not an affiliate of the issuer and have held restricted
securities for two years, you can sell them without regard to the above
conditions.
Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have
Been Met?
Even if you have met the conditions of Rule 144, you can't sell your
restricted securities to the public until you've gotten the legend
removed from the certificate. Only a transfer agent can remove a
restrictive legend. But the transfer agent won't remove the legend
unless you've obtained the consent of the issuer-usually in the form
of an opinion letter from the issuer's counsel-that the restricted
legend can be removed. Unless this happens, the transfer agent doesn't
have the authority to remove the legend and execute the trade in the
marketplace.
To begin the process, an investor should contact the company that
issued the securities, or the transfer agent of the company's
securities, to ask about the procedures for removing a legend. Since
removing the legend can be a complicated process, if you're considering
buying or selling a restricted security, it would be wise for you to
consult an attorney who specializes in securities law.
What If a Dispute Arises Over Whether I Can Remove the Legend?
If a dispute arises about whether a restricted legend can be removed,
the SEC will not intervene. The removal of a legend is a matter solely
in the discretion of the issuer of the securities. State law, not
federal law, covers disputes about the removal of legends. Thus, the
SEC will not take action in any decision or dispute about removing a
restrictive legend.
Amazing Accuracy
Hmm. When you don't know anything about buying private company stock, who do
you call? Gee. I think I'll call Richard Snell or Phil Piccolo (do a search
on these guys, btw).
On the one hand you use the SEC to suggest a problem. On the other hand, you
consider the SEC inept because they are the ones that allowed the company to
recently go public. So which is it Richard? Is the SEC a scam also?
This newsgroup attracts some strange cookies. (UMT, Gerillio, and Richard
Snell - all hate peddlers).
"RichardSnell" <RichardS...@aol.com> wrote in message
news:1163860444.2...@k70g2000cwa.googlegroups.com...
RichardSnell
I just don't get some of the cult members of Ethos and 4E. I never
have said anything about the SEC. All government agencies are slow
because of all the fraud being perpetrated on the public. You can be
assured that there is an investigation going on. The actions that
Ethos and Victor took to make Ethos Public was an easy task. All you
have to do is "follow the yellow brick road" to the Land of OZ. Now
that Ethos has filed their financial statements and the stockholders
are learning that they can't sell their stock for one year, everyone is
finding out that "this isn't Kansas anymore".
People call me and ask these questions because they know that I only
post and say what is FACT and not something I think is happening.
Before I give an answer I always look for the facts to relay the truth.
I also give my name and address so that people can call and find out
if what I posted came from me. This has kept some people from posting
false emails because the people who want the truth call and make sure
it was me. I guess that is because all they have gotten from 4E and
Enrique have been false and misleading.
It took the government 5 years to prosecute the principals of PRSI but
they finally got the last of the bad boys on August 15, 2006. They had
shut them down on January 4, 2000. I am sure that things will not last
long with Enrique because people are finding out the truth. How did
the stock get to $11.00 per share!!! People are not paying that
amount. It is what the people want for the stock, not what someone is
willing to pay. As in Real Estate it all depends on what people are
offering and what the other party will take. We all know that the
market depends on the speculation of the public. It is also based on
the financial stability of the business. The only real income that
Ethos has had over the last 4 years is from the sale of stock and 4E.
Now that people have learned that Enrique lied about sales to China and
other countries they have seen the light. Now that the public is
asking questions the "bright" boys at 4E and Vortex Marketing are
telling everyone that Enrique has sent all the money from the sales in
China to offshore accounts. they are going to have to come up with
something better than that when the feds come marching in.
Richard Snell
713-278-7018
Amazing Accuracy
product is that they LOVE IT.
Guess they're all brainwashed, eh?
Guess after selling the product for 10 years, all of a sudden it isn't good
anymore because they went MLM this year.
What a coincidence. That is about the same time you started writing these
long-winded diatribes of one conspiracy theory after another.
"RichardSnell" <RichardS...@aol.com> wrote in message
news:1163888240....@k70g2000cwa.googlegroups.com...
UMT
NotSoAmazingAccuracyScamMLM/HYIP wrote:
> Guess they're all brainwashed, eh?
No, you are the one who's brainwashed. This whole Etho's deal stinks
to high heaven and, of course, you are right in the thick of it.
Hey, how much Etho's stock do you own? How much did you pay for it?
(I won't hold my breath waiting for an answer)
How much money did you lose on the Automated Prosperity SCAM? How many
people did you get involved and can they call you for their money back?
Hey, any new MLM/HYIP deals this week that the SEC hasn't found out
about yet???
(What a joke!)
UMT
PS: You still running that 'FDATE' scam?