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Technology Stocks : Preference Technologies

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To: afrayem onigwecher who started this subject2/1/2003 4:29:49 PM
From: StockDung   of 460
Private Investigator Uncovers The Shady World Of Stock Scams, Tips And Spams

Gambling Magazine's Private Eye has been busy over the holiday period, looking into the shady world of stock hype and, specifically, Starnet's PR companies that set out to defraud investors. They were especially keen on "heightening investor awareness," that is making investors so hyped up with Starnet's "enhanced corporate credibility" that they would believe all the phony press releases sent out by the Italian "Big Pot" from the east coast.


"At MDC, our focus is on positive, bottom-line results," said CEO Michael Calderone.


Wilmington, DE, February 19, 1998 - Starnet Communications International Inc. (NASD OTC-BB: SNMM) ("Starnet") is pleased to announce that it has engaged Marketing Direct Concepts, Inc. ("MDC") to assist in Starnet's investor relations.

MDC ( is a corporate business development and public relations company operating from the gaming community of Las Vegas, Nevada. MDC uses a comprehensive, international approach in reaching and motivating potential investors: media relations, publication in MDC's proprietary website and print newsletters, and a database of American stockbrokers, fund managers and stock analysts.

"At MDC, our focus is on positive, bottom-line results," said CEO Michael Calderone: "heightened investor awareness, enhanced corporate credibility, increased trading activity and favorable stock valuation."

Starnet ( is an interactive entertainment company that identifies and commercializes Internet technologies for established markets.

Starnet's wholly owned subsidiary World Gaming Services Inc. ( is a full-service gaming system (casino games, sports betting, lottery ticket sales, horseracing) licensed to accept real-money wagers via the Internet. World Gaming's sister subsidiary, Softec Systems Caribbean Inc. (, licenses turn-key, customized Internet gaming systems (similar to World Gaming) to eligible third parties in exchange for participation in those licensees' net gambling revenues.

PC Computing magazine has estimated that the Internet gaming market could reach $20 billion US in annual revenues by the turn of the century.

Starnet's relationship with Global Media (Canada) Corp. has been terminated, and it is expected that a U.S. based public relations firm may more effectively target prospective Starnet investors.

For further information, please contact Starnet Investor Relations:
Toll-Free: (888) 777-6458
Telephone: (604) 685-7619
Facsimile: (604) 684-0391

The statements in this press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and is subject to the safe harbour created by these sections. Actual results may differ materially from the company's expectations.


Michael Calderone -- Please trust a lying spammer to give you Stock Market tips

Michael Calderone (means a "big pot" in Italian) an east coast fellow trying to make it big in Vegas (just think Elvis played by Joe Pechi) and his little buddy Rys Fairbrother first started spamming via junk email that directed people to their webpages. As we know, spammed webpages don't last too long, although his spammed Verio/ pages were up for quite a while.

Then with their combined intellect (not saying too much here!), they decided an even better way to spam was to send out phony press-releases to PR Wire, Business Wire, and Yahoo Biz. These releases contain 100's of popular stock symbols so anyone watching for news on their favorite company would get the junk pointing them to the pages. Lame.

Here we have the "Big Pot" himself, at home early one morning.

Michael Calderone
Marketing Direct Concepts
9428 Saltwater Crt / Salt Water Crt
Las Vegas, NV 89117

333 N. Rancho Dr. Suite 900
Las Vegas, NV 89106

The Association for Investor Awareness (INVESTORAWARE2-DOM)
303 S. Broadway Suite B #350
Denver, CO 80223, Inc - Previously known as Courtleigh Capital Inc., Inc - A Publicly Traded Company OTC-BB: PFER (Was: OTC-BB: SKUP)

Click HERE to tell them, and others, what you think of their company. also made it into Financialweb's Stock Detective stock hyper list. is associated with convicted murderer and stock fraud scammer Eddie Williamson -- now isn't that a surprise!

Marketing Direct Concepts, Las Vegas
Kurt Divich, 888/632-4653
They represent Stinky Stock company, Saf T Lok, Inc. Can we say sleazy boys and girls?
StockUp! Financial Web, 888/63-2GOLD

Marketing Direct Concepts, Larry Isen, 702-648-6400
PR for a suspect MLM phone scam -- publicly traded stock!

NetRep Consulting, Inc. (emarketgroup)
10117 Jacob Place #203
Las Vegas, NV 89134

702-248-2448 (Home number)
702-243-8766 702-838-0268 702-838-0268 702-221-8811 702-593-6973 702-648-8560
702-648-6400 (FAX) 702-638-9096

Rys Fairbrother
5931 NE Davis St
Portland, OR 97213-3817
2266 NW Dogwood
Madras, Oregon 97741
503-231-1639 / 541 962 7771 -- Clinton Pope

Starnet Communications stock hyping

And we leave you with a couple of investment rules from their website: #7. One should never permit speculative ventures to run into investments. #27. Few people ever make money on tips. Beware of inside information. Follow the advice and stay far away from shady stock scams! Now that you've been warned, if you want to listen to the Big Pot 'educate and entertain' you, you can listen to his past ranting at this webpage. [AUDIO MISSING: 3/99]

Feb. 9, 2000 -, Inc. (OTCBB: SKUP), announced today that, effective February 23, 2000, the company will change its name to Preference Technologies, Inc., which will be traded under the symbol PFER. "Preference Technologies" more accurately describes the business and operations of the company," said Michael Calderone, CEO and president of, Inc. "The '' name does not adequately convey the broad scope of our business and philosophical model." -- Huh... we thought it should have been 'Spamming Technologies.'


Kansas Ex-Convict Charged in Web Fraud of 1,000 Investors

Washington, Nov. 9 (Bloomberg) -- An ex-convict from Wichita, Kansas, and five companies were charged by regulators with allegedly defrauding 1,000 investors out of as much as $1.3 million in unregistered securities sold mostly over the Internet.

U.S. District Judge Wesley Brown froze the assets of 53-year-old Edward B. Williamson; Fifth Avenue Communications, supposedly Williamson's public relations firm; and Net World Marketing Inc., which says it operates an Internet shopping mall and was overseen by Williamson's wife, the Securities and Exchange Commission said.

The SEC also said assets also were frozen for Andros Hotel & Casino Inc., which claims to own two tracts of undeveloped land in the Caribbean; Inc., a Web site that purported to sell cars over the Internet; and AGE Investment Co., which is located in Williamson's Wichita office and was named a "relief defendant" in the case. The judge also appointed a receiver in the matter, the SEC said.

An attorney for Williamson was unavailable for comment. Williamson has a criminal record, including a 1967 murder conviction and a 1992 felony conviction for stealing money from his elderly mother, the SEC said. Williamson also was convicted of wire fraud in 1997 when he tried to bribe FBI agents posing as stock brokers, the SEC said. The National Association of Securities Dealers expelled him from the financial services industry in 1993, the SEC added.

Investors in Dark

Beginning in at least April 1997, Williamson used Fifth Avenue Communications and the other companies named in the case to fraudulently sell $1.3 million in securities to more than 1,000 investors nationwide, the SEC said.

Investors, who were kept in the dark about Williamson's role in the operations, were told that proceeds from the various offerings would be used for legitimate businesses, the SEC said. Roughly one-half of the $1.3 million raised in the Net World offering, alone, was siphoned off by Williamson and his connections, the SEC said.

After selling unregistered shares of common stock of Andros, Net World, and New Horizons, the defendants tried to manipulate the value of the securities by spreading false information over the Internet and in press releases, the SEC said.

Williamson also violated a cease-and-desist order issued by the SEC on June 13, the agency said.

The SEC urged investors, before buying any investment promoted over the Internet, to read "Cyberspace Alert," which is available on the SEC's Home Page under the Investor Assistance and Complaints link at The publication alerts investors to the telltale signs of online investment fraud, the SEC said. The SEC also urged investors to report suspicious Internet offerings via e-mail to

Nov/09/2000 17:50 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.


PREFERENCE TECHNOLOGIES INC filed this 10-Q on 11/20/2000 er=

On September 1, 2000 the Company secured a $150,000 loan from Jeffrey Jolcover, an employee of Preference Technologies, Inc. for working capital purposes. The Note carries no security arrangements, escrow arrangements, registration rights nor UCC agreements. The loan is due on September 11, 2000 and has an interest rate of 12% per annum, 75,000 common stock warrants, with a strike price of $1.10 and a five year expiration on the due date. Should the Note not be paid promptly, the Note holders at their option can convert the payment to shares of common stock at a conversion price of $.10 per share. The Note was extended to October 11, 2000 and is not yet paid.

Friday, March 20, 1998

Huge fraud brings plea, cooperation
An accountant involved in a wireless cable investment scam pleads guilty in Las Vegas.
By Carri Geer

A certified public accountant pleaded guilty Thursday to conspiracy and money laundering charges for his role in defrauding investors nationwide of an estimated $35 million.

Federal prosecutors filed the charges against Jeffrey Jolcover under seal Thursday morning after reaching a plea agreement with him. The charges stem from the sale of interests in wireless cable ventures.

Jolcover's attorney, Joseph Cronin of Minden, briefly commented on the case after his client's court hearing.

"This has been a long process of approximately two years cooperating with the government, and we're both relieved that we've reached this stage and we're looking forward to the final resolution of this matter in June," the attorney said.

U.S. District Judge Howard McKibben is scheduled to sentence Jolcover on June 15.

Jolcover, a 43-year-old Las Vegas resident, pleaded guilty to one count of conspiracy to commit securities fraud, mail fraud and wire fraud; and one count of money laundering.

Although federal officials declined to make any formal statements regarding Jolcover's plea agreement, a source close to the case said the investigation is continuing and others may face charges.

According to Jolcover's written plea memorandum, also filed Thursday, "The defendant agrees to provide complete and truthful information and testimony concerning his knowledge of all other persons who are committing or have committed offenses against the United States, and agrees to cooperate fully with the government in the investigation and prosecution of such persons." Jolcover faces an estimated prison sentence of 57 to 71 months, according to the document. Prosecutors told McKibben they would recommend a term of five years or less if they decide Jolcover has given them "substantial assistance." The plea memorandum claims that, had the case gone to trial, prosecutors could have established that:

--Jolcover joined with a Las Vegas businessman and a Las Vegas attorney to offer investments in wireless cable ventures "in a manner calculated to deceive the investors."
--The sale of interests in those ventures raised about $35 million from investors throughout the United States.
--Between about January 1991 and mid-1995, Jolcover and others caused the creation of corporations to effectuate the sale of the investment interests, opened bank accounts to receive investor funds, and caused the creation and distribution of promotional literature "calculated to deceive investors."
--Jolcover and others, through the various corporations they controlled, caused the solicitation of investors through high-pressure telephone sales. They also conspired to misrepresent the true nature of the wireless cable investment opportunity being sold and the actual use of investor funds. "The operations of defendant Jolcover and other conspirators were centered in Las Vegas, Nevada," the plea memorandum states. "The promotional literature was printed in Las Vegas and was shipped from Las Vegas via Washington, D.C., to investors throughout the nation. A portion of the investors' funds were eventually wired to bank accounts in Las Vegas, Nevada, over which the conspirators exercised control."

According to the document, the money laundering charge stems from an October 1994 incident in which Jolcover caused $275,000 -- money illegally raised from investors -- to be deposited into a brokerage account in Reno.

"A substantial portion of these funds were then transferred to and deposited into an offshore bank account, said transaction being designed to conceal the ownership of the transferred funds," the document states.

Jolcover worked as an accountant for the state Gaming Control Board from 1977 to about 1979 and later operated his own accounting practice in Nevada. David Dantzler, an Atlanta attorney representing a court-appointed receiver involved in recovering investor funds, said he doubts any of the investors will recoup their losses.

Dantzler said the receiver, along with his attorneys and financial consultants, conducted an 18-month investigation as part of a Securities and Exchange Commission enforcement action against Jolcover and others involved in the sale and promotion of the investments.

"Within a matter of weeks, or certainly months, we concluded that these offerings were fundamentally fraudulent," he said.

Dantzler said the evidence gathered during that investigation formed the basis of the charges against Jolcover.

Back to the main page for more on Starnet's huge problems

article # starnet353


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