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   Strategies & Market TrendsAnthony @ Equity Investigations, Dear Anthony,


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To: StockDung who wrote (103257)4/12/2008 11:19:57 PM
From: James Workman
   of 122029
 
NATIONWIDE COMMERCIAL FINANCIAL GROUP LLC
Florida Limited Liability Company

Filing Information
Document Number L07000105712
FEI Number NONE
Date Filed 10/18/2007
State FL
Status ACTIVE
Effective Date 10/17/2007

Principal Address
7491 N. FEDERAL HIGHWAY C-5 324
BOCA RATON FL 33487
Mailing Address
7491 N. FEDERAL HIGHWAY C-5 324
BOCA RATON FL 33487
Registered Agent Name & Address
TOMASI, ANTHONY JR.
7491 N. FEDERAL HIGHWAY C-5 324
BOCA RATON FL 33487 US
Manager/Member Detail
Name & Address
Title MGRM
TOMASSO, KATHLEEN
7491 N. FEDERAL HIGHWAY C-5 324
BOCA RATON FL 33487
Title MGR
TOMASSO, ANTHONY
7491 N. FEDERAL HIGHWAY C-5 324
BOCA RATON FL 33487
Annual Reports
No Annual Reports Filed
Document Images
10/18/2007 -- Florida Limited Liability



How To Contact Us

By Phone: (561) 347-2228 (Office)
By Fax: (561)393-3969 or additional fax (561) 393-3970
Toll Free: 1-877-340-2228
Address: Nationwide Commercial Financial Group, LLC
4400 N. Federal Highway; Suite 301
Boca Raton, FL 33431

TRANSATLANTIC COMMERCIAL FINANCIAL LLC
TRANSATLANTIC MORTGAGE FUNDING LLC
TRANSATLANTIC FUNDING GROUP LLC
NATIONWIDE COMMERCIAL GROUP LLC
A.J.T.M. FINANCIAL GROUP LLC
NATIONWIDE COMMERCIAL GROUP LLC
VINTAGE EQUITY FUND LLC
KRKA L.L.C.
K.R.K.A. REALTY INC.
(D.B.A.) SUCCESS REALTY INC
T & T EQUITY LLC
FEDERAL INVESTMENTS LLC
NEWKIRK INVESTMENTS INC
GLOBAL MANAGED FINANCIAL LLC
71ST ST HOLDINGS LLC
ANTHONY TOMASSO (a.k.a) 561 347 2228
ANTHONY J. TOMASI Sr.
ANTHONY J. TOMASI Jr.
KATHLEEN TOMASSO
Being diligent in your research of these people could save you time and money. The name changes, companies opened and closed to blow out the lien positions of people defrauded and a track record of deceit. If you are having trouble locating these individuals for service of court documents the address located in the Palm Beach Property Appraisers web site:
(TOMASSO VENTURES LLC) is 749 North East 71st St, Boca Raton, FL 33487.
If you have no luck with that address try this one 491 Racquet Club Rd, (Suite 103) Weston, FL 33326.
Information for research purposes:

Florida Department of Corporations Search Engine (http://www.sunbiz.org/index.html)

Florida Office of Financial Regulation (http://www.flofr.com/licensing/licensecheck.htm)

Individual (Name) Search in the FL Office of Regulation
(https://cf.fldfs.com/pubinqry/pub1/individuals.cfm)

The State of Florida recommends this site (http://www.finra.org/index.htm)
Palm Beach Clerk of the Court (http://www.pbcountyclerk.com/oris/records_home.html)
The last web site I recommend is the FBI tips web page. (https://tips.fbi.gov/)
Nationwide Commercial Financial Group, LLC
4400 N. Federal Highway Suite 301
Boca Raton, FL 33431
Phone: (561) 347-2228 Toll Free: 877-340-2228 Fax: (561)206-6179
Offices in: Tampa, FL Miami, FL Jacksonville, FL Chicago, IL

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From: StockDung4/14/2008 10:39:55 AM
   of 122029
 
Darrel T. Uselton & Mark Faulks "The Owners Group, Inc" team up to promote penny stock for BIG BUCKS.

sec.gov

On September 8 and 27, 2005 the Company issued 60,000 shares and 40,000 shares to B&B Marketing Communications, pursuant to a consulting services agreement. Also on September 27, the Company issued 1,000,000 shares to the Owners Group, Inc. pursuant to a Consulting Services Agreement.

On December 8 and 12, 2005, pursuant to a consulting services agreement with OTC Services, Inc., the Company issued 1,400,000 shares to OTC Services, Inc. and 1,400,000 shares to Darrel T. Uselton.

AMERICAN SECURITY RESOURCES CORPORATION 10KSB/A 1 form10ksba.htm FORM 10K SBA

-----------------------------------------------------------------------------

Texans Charged With Using Botnet In Pump-And-Dump Scheme

An investigation was launched after the two Texans allegedly sent one of their spammed e-mail messages to an SEC lawyer, who became interested in the case.

By Sharon Gaudin
InformationWeek
July 10, 2007 12:44 PM

The Texas attorney general charged two men with running a pump-and-dump spam scam that defrauded investors out of more than $4.6 million.
On Monday, Darrel Uselton, 40, of Katy, Texas, and his uncle, Jack Uselton, 69, of Houston, face organized criminal activity and money laundering charges, along with securities fraud charges. Both men, who were indicted on July 3 by a Harris County grand jury, still are the subject of an ongoing investigation being conducted by several states and the Securities and Exchange Commission.

Both men are accused of using a nationwide botnet of hijacked computers to distribute the spam. The investigation reportedly began after an SEC lawyer received one of the fraudulent e-mails at work.

Darrel Uselton was arrested and is being held in Harris County Jail in lieu of $8 million bond. An arrest warrant has been issued for Jack Uselton.

"Investors will not tolerate scam artists who use the Internet to illegally manipulate stock prices," Attorney General Greg Abbott said in a written statement. "Together with several states and the SEC, we have uncovered an elaborate scheme to defraud unwitting investors. The Office of the Attorney General will aggressively prosecute market manipulators, spammers and con artists whose illegal schemes defraud unsuspecting citizens."

For the past several months, security professionals have been warning about the burgeoning number of pump-and-dump e-mail schemes that are buffeting the Internet. Pump-and-dump refers to potentially fraudulent spam that hypes small-company stocks with phrases like "Ready to Explode," "Ride the Bull," and "Fast Money." The spammers invest in these generally low-cost stocks before the spam campaign begins. Once people are duped into buying the stocks, the share prices go up and the spammers sell off and cash in. The sell-offs, though, usually drive the stock prices down, and the other investors lose their shirts.

The Useltons reaped millions in illegal profits by promoting shares from at least 13 penny stock companies, according to information released by the Attorney General's Office. The suspects then allegedly secretly sold those stocks into an artificially active market they created with manipulative trading schemes, spam campaigns, direct mailers, and Internet-based promotional activities.

The Attorney General's Office reported that its investigators seized more than $4.2 million from the Useltons' bank accounts.

"Unfortunately for the SEC, pump-and-dump spam campaigns don't seem likely to go away any time soon," said Graham Cluley, senior technology consultant at Sophos, in a written statement. "The use of compromised networks of computers to spread these illegal spam messages can result in quick fortunes for the scammers, and can have serious detrimental effects on the stock involved. But it seems that these criminals were in such a rush to make their millions that they forget to pay any attention to which e-mail addresses were being spammed and in the end, this looks likely to be their downfall."

In March, the SEC suspended trading on 35 companies that had been touted in recent spam campaigns. The trading suspensions -- the most ever aimed at spammed companies -- were ordered because of questions regarding the adequacy and accuracy of information about the companies, according to an advisory put out by the SEC.

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From: StockDung4/14/2008 11:46:24 AM
   of 122029
 
SEC Wins Case against Hair Removal Scammers

By Aaron Seward
April 14, 2008

A federal court has entered final judgments against two men for their part in a fraudulent securities deal involving a hair-removal company that raised $11 million from 65 investors.

The SEC originally charged Jeffrey Schmidt and Gary Gelnette in 2005. Its complaint claimed the men lied to investors while raising money for Skin Nuvo International, a skin care and laser hair removal company they co-owned. Skin Nuvo was a retail chain that operated in shopping malls throughout California, Nevada, and the Pacific Northwest.

The court gave Schmidt and Gelnette ten days to pay disgorgement plus prejudgment interest of $11,061,855. In addition, the court ordered Schmidt to pay $1,000,000 and Gelnette to pay $500,000 in civil penalties. The final judgments follow an order entered by the court on July 16, 2007, granting the SEC’s motion for summary judgment against the two men.

The Commission’s complaint alleges that between 2002 and 2004, Schmidt and Gelnette sold interests in approximately 36 Skin Nuvo stores, offering investors profits of between 30% and 40%, and claiming they would reap their profits in 12 to 14 months. Investors believed the money put up would be used to build new retail locations and investors would reap a percentage of each store’s profits, the complaint claims.

But those were all lies, said the SEC. And according to the complaint, Schmidt and Gelnette used the money invested not to build new stores, but to prop up their failing business.

While the sales pitch stated that investors were putting their money in particular stores, Schmidt and Gelnette actually used it to pay the operating costs of their existing locations. By September 2004, Nuvo had raised approximately $4 million from investors whose stores were never built, said the SEC.

The SEC said that Schmidt acted as Skin Nuvo’s primary executive and sales man, but Gelnette also got involved in the deceptive selling. For example, Gelnette, a former pastor, helped raise $1.35 million from a former parishioner. He also sold Skin Nuvo securities to his ex-wife.

Schmidt and Gelnette also operated their business like a Ponzi scheme, paying earlier investors returns with money from new investors. The duo also allegedly falsified investment reports. When a statement did not meet projections, claimed the complaint, Schmidt and Gelnette would simply change it.

Even while their company was going down the drain Schmidt and Gelnette continued to conduct business as though everything was fine. They did not tell investors about Skin Nuvo’s dire financial condition and Schmidt managed to pay himself more than $680,000 and Gelnette approximately $260,000.

In order to hide what was happening from investors, stated the complaint, Skin Nuvo maintained 51% interest in each store and thus remained in control of management and operation. In fact, said the SEC, Schmidt and Gelnette sought out passive investors and discouraged them from getting involved in the stores.

Skin Nuvo went bankrupt in 2005. Goldin Capital Management, L.P., a New York-based private equity firm, acquired the company’s assets in a $15-million bankruptcy auction and re-branded the skin care salons as Lumity(TM).

The Commission’s original complaint also implicated Norman Valine, Skin Nuvo’s Chief Operating Officer, in the offering scheme. The court did not, however, name Valine in its final judgments.

Have a comment? Let us know what you think of this or another CCH Wall Street story by clicking here.

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From: SamAntar4/15/2008 8:59:31 AM
   of 122029
 
Donn Vickery Fights Back!

washingtontimes.com

Submitted by:

Sam E. Antar (former Crazy Eddie CFO and a convicted felon)

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From: SamAntar4/15/2008 9:12:35 AM
   of 122029
 
Byrne Takes a Counterpunch

"Beyond avoiding dismissal, Overstock has seen little success, and the SEC closed its investigation of Gradient over a year ago. Now Gradient is going to countersue Overstock and Byrne for defamation."

"As I've said before, the "Litigation Road to Success" business model is at best highly questionable and should be avoided (Ask Darl McBride.). If your company is bleeding cash, your time is better spent fixing your company, not riding off on crusades."

More:

businesslawspot.blogspot.com

Kindest regards,

Sam E. Antar (former Crazy Eddie CFO and a convicted felon

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From: StockDung4/15/2008 11:46:54 AM
   of 122029
 
Wachovia's California nightmare
The 2006 purchase of Golden West has saddled the bank with a problem of growing proportions.

By Roddy Boyd, writer
Last Updated: April 14, 2008: 3:46 PM EDT

NEW YORK (Fortune) -- Wachovia investors are paying through the nose for the bank's ill-advised California gold rush.

Shareholders in Charlotte, N.C.-based Wachovia (WB, Fortune 500) were rocked Monday by a nasty one-two punch: a sudden (and dilutive) sale of common and convertible preferred stock, and the bank's first quarterly loss since 2001. Wachovia swung to a $350 million loss in the first quarter, reversing the year-ago $1.2 billion profit, as the bank posted weak numbers across its businesses. The breadth of the bank's losses stunned Wall Street, sending shares down 10%.

Though Wall Street was rife with whispers in recent weeks of a possible writedown at Wachovia, Monday's investor presentation makes for some sober reading. Among many other things, the bank took a $2 billion charge for "market-disruption" losses in the quarter, including a surprisingly high $729 million for unfunded loans and leveraged finance positions. Wachovia also took a $2.8 billion provision to cover credit-related losses.

The most compelling reading, however, concerns the former Golden West Financial, which Wachovia acquired in 2006 for $24.6 billion. And by "compelling," we mean cringe-inducing.

Golden West was a leading issuer of so-called option adjusted rate mortgages (ARMs) - loans that give borrowers the right to pay less than the full bill - with a portfolio now valued at roughly $120 billion. Wachovia's holdings of those loans are getting painful: Wachovia said its reserve for possible loan losses on Golden West's portfolio of Pick-a-Pay variable rate mortgages surged in the latest quarter to $1.1 billion, while late payments nearly doubled to 3.1% of the portfolio.

While a possible $1.1 billion loss hardly seems newsworthy in this era of multibillion writedowns, the fact that 58% of Wachovia's option ARM portfolio is based in California is problematic. Independent research boutique CreditSights argues that a new computer model put into use for Wachovia's risk management is implying losses of between 7% and 8% for the Pick-a-Pay portfolio. That could mean another $2 billion of potential losses. The bank estimated that 14% of the loans appeared to have negative equity, or loan-to-value percentages of greater than 100.

To be sure, Wachovia has avoided the high-profile meltdowns sustained by Bear Stearns (BSC, Fortune 500), which was sold last month to JPMorgan Chase (JPM, Fortune 500), and Citi (C, Fortune 500) and Merrill Lynch (MER, Fortune 500), both of which ousted their CEOs late last year after disclosing massive losses on mortgage-backed securities. Wachovia's chief executive, G. Kennedy Thompson, appeared contrite, telling investors that he was "deeply disappointed" by the bank's quarterly performance.

But last year, Kennedy was sounding optimistic. "We feel confident about the superior credit quality of our mortgage portfolio, the prospects for cross-selling our product set in Golden West markets, and originating Pick-a-Pay mortgages through traditional Wachovia channels," Kennedy told investors on last April's first-quarter conference call.

The bitter irony here is that, while option ARMs can be problematic for both the consumer and the mortgage holder in a housing collapse, Golden West was almost universally held to be the most conservative and ethical underwriter in that marketplace. CreditSights said calls Wachovia's management "top-flight," but says bank management was caught "off-guard" by the housing market's rapid collapse.

As bank investors are painfully aware by now, Wachovia executives aren't the only ones caught flat-footed in this market.

First Published: April 14, 2008: 2:24 PM EDT
DiggFacebook
Wachovia's big mortgage buy
The smart money saves WaMu
What Warren thinks...







Find this article at:
money.cnn.com

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From: StockDung4/15/2008 11:48:50 AM
   of 122029
 
FORUM: A monster shunned? By Donn W. Vickrey
April 15, 2008
washingtontimes.com

In the April 11 opinion piece "Shortchanged," Jonathan Johnson of Overstock.com wrote to express his concerns regarding "naked short selling." While I applaud Mr. Johnson"s dedication to a cause that he feels strongly about, I take issue with one of the basic premises of his thesis. Mr. Johnson argues that the financial press has somehow "short changed" Overstock"s battle with investment banking Goliaths and, therefore, neglected "the interests of increasingly disenfranchised small investors and victim companies." Perhaps Mr. Johnson should pay heed to Nietzsche"s advice that "Whoever fights monsters should see to it that in the process he does not become a monster."

Given Mr. Johnson"s stated agenda, I find it ironic that his employer, Overstock.com, has a long history of lashing out at critics who dare to express a contrary opinion. Since July 2004, Overstock.com has consistently engaged in what the New York Times described as a "campaign of menace" (Feb. 25, 2006) wherein the Internet retailer has accused a broad assortment of analysts, investors, journalists, politicians, regulators and others in an improbable conspiracy to drive down its share price. For whatever reason, it"s the publishers of contrary viewpoints that have received the harshest treatment from Overstock.com, including a libel suit filed against my firm, an independent research company called Gradient Analytics, and targeted public criticism on more than 20 individual journalists. A half a dozen of those journalists also received SEC subpoenas in regards to Overstock"s "jihad."

The campaign of menace was escalated in late 2005, when Overstock apparently approached another disgruntled issuer, a Canadian drug firm called Biovail Corp., to join in the "jihad." Biovail"s role in the "jihad" is particularly disconcerting in light of a recently filed SEC complaint (March 24, 2008) alleging that "Biovail and [its] senior executives engaged in a pattern of systemic, chronic fraud that impacted its public filings of quarterly and annual reports over the course of four years."

According to Overstock Chairman Patrick Byrne"s own admissions, he "had a hand in" Biovail"s decision to file suit against 27 critics, including Gradient and analysts at Bank of America and Gerson Lehrman, by "sharing his wealth of information" with executives at the Canadian firm (New York Times, Feb. 25, 2006). Unfortunately for those caught in the cross-fire, Biovail"s retaliation has included not only costly litigation but a plethora of other dirty tricks such as hiring private investigators to harass analysts and conduct surveillance on firm principals. Other examples of issuer retaliation include several individuals who posed as potential clients to gain access to the offices of two of Biovail"s critics, the use of a stolen logon ID and password to access a Gradient server from the office of a Biovail attorney (IP address and login activity dutifully documented), and a decidedly slanted "60 Minutes," episode that obscured key facts and attempted to shift the blame from executives whom the SEC now alleges to have committed accounting fraud.

While the price paid by analyst firms is often steep, we must not lose sight of the fact that the most significant damage from issuer retaliation is the adverse impact on the investors who Mr. Johnson and Overstock claim to be advocates for. First, there is the direct impact on investors who are misled when an issuer successfully eliminates dissenting opinions by retaliation against contrarian analysts and journalists. Since filing its vexatious lawsuit in February 2006, Biovail shareholders have lost over half of their investment. Overstock shareholders have faired even worse. Second, there is the indirect impact that occurs when investors lose confidence in a system that strongly discourages analysts and journalists from expressing legitimate concerns.

The SEC has had the problem of issuer retaliation on its agenda now for nearly three years. The last word out of Washington came on Sept. 1, 2005, when SEC Chairman Christopher Cox responded to concerns expressed by Oregon Sen. Ron Wyden, indicating that the commission was "reviewing this matter and is currently considering several possible solutions for recommendation." A hand written note from the chairman, written at the bottom of the letter, also indicated that, "This is indeed a concern and we will tackle it." Our representatives and regulators must act now to tackle the problem of issuer retaliation before it gets any worse.

As for Mr. Johnson and his employer, if it is truly the small, disenfranchised investor that you are advocating for, please take a look in the mirror. It is only a matter of time before Mr. Hyde once and for all takes over from the good Dr. Jekyll.

Donn W. Vickrey is cofounder and editor-in-chief of Gradient Analytics Inc.

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From: StockDung4/15/2008 12:21:53 PM
   of 122029
 
FURTHER MTXX VINDICATION!! The Robins Group LLC (CRD #41894, Portland, Oregon) and Marcus Whitney Robins
(CRD #870347, Registered Principal, Portland, Oregon) submitted a Letter of
Acceptance,Waiver and Consent in which the firm was censured, fined $25,000, $5,000
of which was jointly and severally with Robins. Robins was suspended from association
with any FINRA member in any capacity for 20 business days and fined an additional
$31,458.59, which includes disgorgement of $16,458.59 in financial benefits received.
Without admitting or denying the findings, the firm and Robins consented to the
described sanctions and to the entry of findings that the firm permitted research
analysts, including Robins, to execute sales of securities in research analyst accounts
in a manner inconsistent with their recommendations, as reflected in the most recent
research reports the firm published. The findings stated that the firm permitted
research analysts, including Robins, to execute transactions of securities issued by
companies that the research analysts followed in research analyst accounts 30 days
before and five days after the publication of a research report concerning the
companies. The findings also stated that the firm authorized stock transactions that
NASD Rule 2711(g)(3) prohibited, purportedly based on an unanticipated change in
the personal financial circumstances of the beneficial owner of the research analyst
account, and failed to maintain written records regarding the transactions and the
justification for permitting themfor three years after the dates when the transactions
were approved. The findings also included that the firm, acting through Robin,
published research reports another analyst had written regarding a company, but the
report did not disclose that the company had compensated the analyst within the past
12 months. FINRA found that the firm published research reports regarding a company
and failed to disclose that the company had compensated a business entity affiliated
with the firm within the past 12 months. FINRA also found that Robins published
magazine articles, which a research analyst considered to be public appearances, and
failed to disclose to the publisher that he or a member of his household had a financial
interest in the securities of the companies, and the firm failed to maintain records of
the articles sufficient to demonstrate Robins’ compliance with the applicable disclosure
requirements of NASD Rule 2711(h) for three years after the articles were published.
In addition, FINRA determined that the firm failed to adopt or implement written
supervisory procedures reasonably designed to ensure that it and its employees comply
with NASD Rule 2711.Moreover, FINRA found that the firm published on its Web site
an inaccurate list of its registered persons, including its research analysts, and the
companies covered by their research, because some of the persons had terminated
their association with the firm.
The suspension in any capacity was in effect from March 17, 2008, through April 14,
2008. (FINRA Case #2005001863901)
2

finra.org

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To: StockDung who wrote (103308)4/15/2008 12:28:55 PM
From: Jeffrey S. Mitchell
   of 122029
 
I always wondered about Overstock's IR department. Now it's clear: "IR" stands for Issuer Retaliation. Thanks for posting that.

- Jeff

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From: SamAntar4/15/2008 1:10:32 PM
   of 122029
 
To Overstock.com's Audit Committee:

Free advice from Minkow, Antar, and Simpson (SEC guy that busted me)

agendaweek.com

Kindest regards,

Sam E. Antar (former Crazy Eddie CFO and a convicted felon)

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