| To: SEC-ond-chance who wrote (41) | 9/12/2002 11:37:10 AM | | From: StockDung | | | | In the Matter of SHAWN F. HACKMAN, ESQ.
Respondent
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 46478 / September 11, 2002
Administrative Proceeding
File No. 3-10887
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In the Matter of
SHAWN F. HACKMAN, ESQ.
Respondent
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ORDER OF
SUSPENSION PURSUANT
TO RULE 102(e)(2) OF THE
COMMISSION'S RULES OF PRACTICE
I.
The Securities and Exchange Commission ("Commission") deems it appropriate that an Order of Suspension be issued against Shawn F. Hackman ("Hackman") pursuant to paragraph (2) of Rule 102(e) of the Commission's Rules of Practice [17 C.F.R. § 201.102(2)] ("Rule 102(e)").1
II.
FINDINGS
The Commission finds that:
A. Hackman is an attorney and was licensed to practice law in the State of Nevada on October 16, 1996.
B. On August 2, 1999, the Commission filed a complaint (the "Complaint") in the United States District Court for the District of Nevada against Kanakaris Communications, Inc. ("KCI") and others, including Hackman. The Complaint alleges, among other things, that Hackman violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder by: (1) preparing a false offering memorandum for KCI; (2) selling KCI stock using the offering memorandum; (3) collecting and distributing the proceeds of those sales while retaining $333,645 of those funds for his own use; and (4) without authorization from KCI, preparing and filing a materially misleading registration statement with the Commission. The Commission is seeking a permanent injunction, disgorgement and civil penalties against Hackman.
C. On April 13, 2002, the Supreme Court of Nevada barred Hackman from practicing law in that state based on findings that Hackman had misappropriated over $700,000 in client funds at a time when he was ostensibly cooperating with bar counsel concerning allegations by other clients that Hackman had misappropriated their funds as well. In Re Discipline of Shawn F. Hackman (No. 38826).
III.
ORDER IMPOSING SANCTIONS
Based upon the foregoing, the Commission finds that Hackman has been disbarred from the practice of law within the meaning of Rule 102(e)(2) of the Commission's Rules of Practice. The Commission deems it appropriate and accordingly, IT IS HEREBY ORDERED, that Hackman be forthwith suspended from appearing or practicing before the Commission as an attorney.
By the Commission.
Jonathan G. Katz
Secretary
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1 Rule 102(e)(2) provides in pertinent part: "Any attorney who has been suspended or disbarred by a court of the United States or of any State … shall be forthwith suspended from appearing or practicing before the Commission. A disbarment … within the meaning of this section shall be deemed to have occurred when the disbarring . . . agency or tribunal enters its judgment or order .…"
sec.gov
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Home | Previous Page Modified: 09/12/2002 |
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| To: SEC-ond-chance who wrote (41) | 9/12/2002 3:56:56 PM | | From: StockDung | | | | SEC suspends disbarred Mitton lawyer Hackman
Securities and Exchange Commission
Symbol *SEC
SEC suspends disbarred Mitton lawyer Hackman
2002-09-12 11:19 PT - Street Wire
by Brent Mudry
Las Vegas penny stock lawyer Shawn F. Hackman, whose career highlights include writing bogus share opinion letters for notorious Canadian career fraudster Michael Mitton's H & R Enterprises, has been suspended by the United States Securities and Exchange Commission. The SEC suspension, handled by the regulator's Salt Lake City office and announced Wednesday, is based on Mr. Hackman's disbarment by the Supreme Court of Nevada.
Mr. Hackman is the third Las Vegas-linked penny stock attorney in the past 11 months to destroy his career related to dubious penny stock dealings on Howe Street, the centre of dealings for the former Vancouver Stock Exchange. Herbert Jacobi of New York, who helped Mr. Mitton wire illicit proceeds to Panama in the H & R rig job, pleaded guilty last October to buying stolen FBI records for Mafia-linked client Robert Potter. In an unrelated case, Max C. Tanner of Las Vegas was convicted by a federal jury last November of securities fraud conspiracy and money laundering, stemming from his offshore trading through controversial Vancouver brokerage Pacific International Securities in the Maid Aide boiler room penny stock rig job in 1998 and 1999.
While staff with the Nevada State Bar were unable to immediately confirm or comment on Mr. Hackman's plight, records with the Supreme Court of Nevada show the dirty Las Vegas lawyer was ordered disbarred on April 3. Mr. Hackman had been temporarily suspended by the state court on Dec. 4, 2001, on the request of the state bar's Southern Nevada Disciplinary Board.
Mr. Hackman was disbarred for misappropriating more than $700,000 in client funds at a time when he was ostensibly co-operating with state bar counsel regarding other client complaints of misappropriation. (All figures are in U.S. dollars.) "We conclude that the documents before us demonstrate that Hackman poses a substantial threat of serious harm, and that his immediate temporary suspension is warranted," stated the court in its initial order.
Mr. Hackman was a key professional in the H & R debacle. (The Mitton ring's fraudulent OTC Bulletin Board promotion of H & R caused the collapse of a small upstate New York brokerage, Saperston Financial, in September, 1997, and left the clearing house unit of global mutual fund giant Fidelity Management, National Financial Services, with a $9.6-million loss.)
"Hackman was a primary participant in the manipulation scheme and facilitated the manipulation by arranging for the manipulators to reap huge profits from their scheme," stated National Financial lawsuit filed U.S. District Court for the Southern District of Florida in September, 1997, and amended a year later.
The Fidelity unit alleged that Mr. Hackman, who had served as H & R's counsel, prepared and provided false opinion letters to help the Mitton ring clear large issuances of H & R shares in July and August, 1997. "Hackman falsely opined that the shares ... which were newly issued to the manipulators so they could sell them into the manipulated market, were exempt from registration under the United States' federal securities laws and could be issued by a transfer agent without a restrictive legend," stated National Financial.
Barely a month after the last Hackman-assisted share issuance, and with an additional two million H & R subsequently issued to Mr. Mitton's associates, H & R shares peaked and collapsed, taking Saperston, the unfortunate New York brokerage, under with it.
While these H & R fraud allegations date back four or five years, Nevada's bar took no disciplinary action, or at least no serious action, against Mr. Hackman. (Numerous new revelations about the H & R fiasco are expected when the British Columbia Securities Commission starts a hearing on the matter. A scheduling update is set for Dec. 2, with Mr. Mitton and Canaccord Capital broker Brad Scharfe as star local defendants.)
Instead, the state bar tackled Mr. Hackman amid a criminal investigation for misappropriation of client funds several years after H & R. Documents filed in court by the bar itself confirm it had serious concerns about Mr. Hackman dating back to at least August, 1999, 14 months before he met his latest alleged victim, who is now at least $700,000 poorer. |
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| To: SEC-ond-chance who wrote (41) | 9/12/2002 4:12:29 PM | | From: StockDung | | | | RE: Shawn F. Hackman, BLUEPOINT LINUX SOFTWARE CORP, filed this on 12/15/2000.
Shawn F. Hackman, a P.C. 3360 West Sahara Avenue Suite 200
Page 1
non-assessable.We hereby consent to the use of this opinion as an exhibit to the Registration Statement. Shawn F. Hackman, a P.C. By:/s/Adam U. Shaikh, Esq. Adam U. Shaikh, Esq. </TEXT> </DOCUMENT> |
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| To: SEC-ond-chance who wrote (41) | 9/12/2002 4:14:27 PM | | From: StockDung | | | | ECONNECT, filed this on 08/08/2000.
(subject to the right to designate a different address by notice similarly given): To Betting Nevada: Shawn F. Hackman, Esq. Shawn F. Hackman, P.C. 3360 West Sahara Avenue, Suite 200 Las Vegas, Nevada 89102 To Betting Missouri: Thomas S. Hughes, Page 4 |
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| To: Rolla Coasta who started this subject | 9/19/2002 1:31:13 AM | | From: SEC-ond-chance | | | | One of the companies he merged with in March is SurgiLight Inc., a Winter Park, Fla., operator of laser-eye centers. He retained more than 372,500 shares of its stock, which was listed for trading on the over-the-counter bulletin board yesterday.
"I’ve been very busy," he says. "It’s exciting. Every deal is different."
Blank-check companies have had a checkered past. Most states outlaw them. In 1992, the SEC tightened regulations on them because many were being used for fraudulent purposes. The SEC and several states required blank-check concerns to place proceeds from a public offering into an escrow account and then, when merging with a going concern, to disclose information on the deal and give stockholders the opportunity to have their funds returned.
For his part, Mr. Tsai says he has run into some "not very reputable" people as he has sought to find partners for his blank-check companies
sec.gov |
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| To: StockDung who wrote (45) | 1/1/2003 11:14:37 PM | | From: SEC-ond-chance | | | | Launch Tech Co (GEM 8196) Hong Kong ....any plans for a Bluepoint spinoff on the GEM?
Bluepoint BLPT Linux ....at one time they wanted to list on the GEM Global Emerging Market (second board) in Hong Kong.
google.com
Didn't happen..Instead two of the newly appointed directors of BLPT are directors/employees of Launch Tech Co LTD then a private but now a newly formed public company in Hong Kong
216.239.39.100
They are major shareholders
ITEM 4. PURPOSE OF TRANSACTION Xin Liu and Jun Liu acquired the securities of BluePoint Linux Software
Corporation for the purpose of acquiring majority control of the issuer.
Pursuant to a stock purchase agreement, current directors Zhe Kang, Lin Li, and
Yihuo Ye will resign their positions and sever affiliations with the issuer.
Pursuant to Indiana law, the remaining directors are expected to appoint Xin Liu
and Jun Liu to the board of directors to fill the anticipated vacancies until
director elections can be conducted at the annual shareholder meeting. No
extraordinary corporate changes or changes in capitalization and securities
registration are intended at this time.
and a director is Frank Kwai Shing...Also believe it or not Frank Shing is listed as a securities investment representative for Core Pacific-Yamaichi Capital Limited
pr.hksfc.org.hk
Core Pacific-Yamaichi Capital Ltd was the sponsor of the IPO
216.239.39.100
On the GEM Hong Kong Bluepoint doesn't exist but Launch Tech Co does
hkgem.com |
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| To: SEC-ond-chance who wrote (48) | 3/12/2003 10:55:38 PM | | From: SEC-ond-chance | | | | Frank Kwai Shing
(Last updated on 04-07-2002)
- Individual -
Basic Info - Licence List - Business Address
Basic Information
Name SHING Kwai, Frank ²±©u
CE Number ADZ603
Nationality Chinese
Basic Info - Licence List - Business Address
List of Licence(s) applied
Licence Type Licence No. Date of Licence / Declaration Principal
Securities Investment Representative 008141 22-3-1999 Core Pacific-Yamaichi Capital Limited
(Securities Investment Adv - Corporation)
Address of Registered Office
3208-9 & 36/F Cosco Tower, Grand Millennium Plaza, 183 Queen's Rd. C., Hong Kong
Tel:28260700
Business Address
3208-9 & 36/F Cosco Tower, Grand Millennium Plaza, 183 Queen's Rd. C., Hong Kong
Tel:28260700
Basic Info - Licence List - Business Address
Business Address
Address Telephone
3208-9 & 36/F Cosco Tower, Grand Millennium Plaza, 183 Queen's Rd. C., Hong Kong 28260700
Print - Help
--------------------------------------------------------------------------------
Public Registers of Licensed Persons
(Last updated on 13-03-2003)
- Individual -
Basic Info - Licence List - Business Address
Basic Information
Name SHING Kwai, Frank ²±©u
CE Number ADZ603
Nationality Chinese
Basic Info - Licence List - Business Address
List of Licence(s) applied
Licence Type Licence No. Date of Licence / Declaration Principal
Securities Investment Representative 008141 22-3-1999 No principal. Not authorised to act as a Securities Investment Representative
Basic Info - Licence List - Business Address
Business Address
Address Telephone
Room 1502 World Wide House, 19 Des Voeux Road Central, Hong Kong 27362111
Print - Help |
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| To: Rolla Coasta who started this subject | 4/14/2003 8:44:53 PM | | From: SEC-ond-chance | | | | U.S. SECURITIES & EXCHANGE COMMISSION
LITIGATION RELEASE NO. 18088 / APRIL 14, 2003
SEC V. SIERRA BROKERAGE SERVICES, INC., RICHARD GEIGER, JEFFREY A. RICHARDSON, AARON TSAI, MICHAEL E. MARKOW, GLOBAL GUARANTEE CORPORATION, FRANCOIS GOELO, YONGZHI YANG, K&J CONSULTING, LIMITED, KE LUO, M&M MANAGEMENT, LIMITED, JEROME B. ARMSTRONG, U.S. District Court for the Southern District of Ohio, Civil Action No. CV03-326 (S.D. Ohio)
The Securities and Exchange Commission ("Commission") today filed a civil action against eight individuals and four entities for their conduct between April 1999 and July 2000 relating to the price manipulation, unregistered sales, unreported stock ownership, and touting of securities issued by BluePoint Linux Software Corporation ("BluePoint"), a publicly-traded company located in Evansville, Indiana.
The Commission's complaint, filed in the United States District Court for the Southern District of Ohio, alleges that Aaron Tsai ("Tsai") formed a shell company called MAS Acquisition XI Corporation in 1996 and made false filings with the Commission to conceal his true ownership and control of MAS shares and to make it appear that the shares could be later sold without a registration statement in effect. According to the Complaint, on February 17, 2000, MAS acquired a Chinese Linux company and changed its name to BluePoint. On the same day, Michael Markow ("Markow") and his company Global Guarantee Corporation, Francois Goelo ("Goelo"), Yongzhi Yang and his company, K&J Consulting, Ltd., and Ke Luo and his company, M&M Management, Ltd. (collectively, the "Promoter Defendants") bought 3.75 million shares from Tsai for $250,000, or a little more than $0.06 per share. The Commission alleges that the Promoter Defendants acquired over 90% of BluePoint publicly traded shares without reporting their ownership in any Commission filing.
The Commission further alleges that the Promoter Defendants along with the participation of Sierra Brokerage Services, Inc. ("Sierra") and its two employees, Richard Geiger and Jeffrey Richardson, (collectively, the "Broker-dealer Defendants") worked in concert to create artificial trading activity and to manipulate the share price of BluePoint from $6 to a high price of $21 on the first day that BluePoint shares were traded on March 6, 2001. The Promoter Defendants and Broker-dealer Defendants dominated and control the BluePoint market that day. At all relevant times, Tsai, the Promoter Defendants, Sierra and Richardson sold or offered to sell shares in BluePoint without a registration statement in effect, and Tsai and the Promoter Defendants never reported their sales of BluePoint securities and the change in their ownership.
The Commission also alleges that Jerome Armstrong engaged in illegal touting of BluePoint on March 6 and after because he promoted BluePoint on the Raging Bull internet site, which carried hundreds of posts about BluePoint without disclosing the compensation he received from Markow and Goelo in return for his posts.
The Commission has charged: (1) Tsai, the Promoter Defendants, Sierra, and Richardson with violating Sections 5(a) and 5(c) of the Securities Act of 1933 ("Securities Act"); (2) the Promoter Defendants and Broker-dealer Defendants with violating Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder; or in the alternative, Markow and Global Guarantee Corporation with aiding and abetting the other Promoter Defendants' violations of these provisions; (3) Sierra with violating Section 15(c)(1) of the Exchange Act and Richard Geiger and Jeffrey Richardson with aiding and abetting that violation; (4) Armstrong with violating Section 17(b) of the Securities Act; (5) the Promoter Defendants with violating Sections 13(d)(1), 13(d)(2), and 16(a) of the Exchange Act and Rules 13d-1(a), 13d-2(a), and 16a-3 thereunder, and Tsai with violating Sections 13(d)(1) and 16(a) of the Exchange Act and Rules 13d-1(a) and 16a-3 thereunder. The Commission is seeking permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties from all defendants.
SEC Complaint in this matter
sec.gov
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04/14/2003 |
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| To: Rolla Coasta who started this subject | 4/16/2003 8:09:46 PM | | From: SEC-ond-chance | | | | Bluepoint (The ChinaGate Saga continues)
Bluepoint Linux BLPT(The three founders, Yu Deng, Miaoshen Liao and Ling Li (known in the Chinese Linux community as Devin, Samuel, and Hahalee) never filed any registration statements..... wonder why)
Looks like the new major shareholder Xin Liu and the "unauthorised to act as a Securities Investment Representative" Frank Shing have taken over BLPT.
New 8K
Item 6. Resignations of President and Chief Financial Officer
On April 9, 2003, the Company announced that Mr. Yu Deng and Mr. Yin Zeng resigned on April 7, 2003 as the President and Chief Financial Officer of the Company respectively.
Both Mr. Deng and Mr. Zeng have resigned from the Company due to personal reasons, there were no disagreements with the Company on any matter relating to the Company's operations, policies or practices. Each of Mr. Deng and Mr. Zeng's letter of resignation is attached to this Form 8K as Exhibit 17. Mr. Deng still serves as a Director of the Company.In addition, on April 9, 2003, the Board of Directors appointed Mr. Xin Liu and Mr. Frank Shing as the Company’s new President and Chief Financial Officer respectively. Mr. Liu and Mr. Shing currently serve as Directors of the Company.
***********************************************
Message #83784 from tonybaretta at Apr 15, 2003
Launch Tech Co (GEM 8196) Hong Kong ....any plans for a Bluepoint spinoff on the GEM?
Bluepoint BLPT Linux ....at one time they wanted to list on the GEM Global Emerging Market (second board) in Hong Kong.
Didn't happen..Instead two of the newly appointed directors of BLPT are directors/employees of Launch Tech Co LTD then a private but now a newly formed public company in Hong Kong
They are major shareholders
ITEM 4. PURPOSE OF TRANSACTION Xin Liu and Jun Liu acquired the securities of BluePoint Linux Software
Corporation for the purpose of acquiring majority control of the issuer.
Pursuant to a stock purchase agreement, current directors Zhe Kang, Lin Li, and
Yihuo Ye will resign their positions and sever affiliations with the issuer.
Pursuant to Indiana law, the remaining directors are expected to appoint Xin Liu
and Jun Liu to the board of directors to fill the anticipated vacancies until
director elections can be conducted at the annual shareholder meeting. No
extraordinary corporate changes or changes in capitalization and securities
registration are intended at this time.
and a director is Frank Kwai Shing...Also believe it or not Frank Shing was listed as a securities investment representative for Core Pacific-Yamaichi Capital Limited
Frank Kwai Shing
(Last updated on 04-07-2002)
- Individual -
Basic Info - Licence List - Business Address
Basic Information
Name SHING Kwai, Frank ²±©u
CE Number ADZ603
Nationality Chinese
Basic Info - Licence List - Business Address
List of Licence(s) applied
Licence Type Licence No. Date of Licence / Declaration Principal
Securities Investment Representative 008141 22-3-1999 Core Pacific-Yamaichi Capital Limited
(Securities Investment Adv - Corporation)
Address of Registered Office
3208-9 & 36/F Cosco Tower, Grand Millennium Plaza, 183 Queen's Rd. C., Hong Kong
Tel:28260700
Business Address
3208-9 & 36/F Cosco Tower, Grand Millennium Plaza, 183 Queen's Rd. C., Hong Kong
Tel:28260700
Basic Info - Licence List - Business Address
Business Address
Address Telephone
3208-9 & 36/F Cosco Tower, Grand Millennium Plaza, 183 Queen's Rd. C., Hong Kong 28260700
Print - Help
--------------------------------------------------------------------------------
Public Registers of Licensed Persons
(Last updated on 13-03-2003)
- Individual -
Basic Info - Licence List - Business Address
Basic Information
Name SHING Kwai, Frank ²±©u
CE Number ADZ603
Nationality Chinese
Basic Info - Licence List - Business Address
List of Licence(s) applied
Licence Type Licence No. Date of Licence / Declaration Principal
Securities Investment Representative 008141 22-3-1999 No principal. Not authorised to act as a Securities Investment Representative
Basic Info - Licence List - Business Address
Business Address
Address Telephone
Room 1502 World Wide House, 19 Des Voeux Road Central, Hong Kong 27362111
Core Pacific-Yamaichi Capital Ltd was the sponsor of the IPO
chsec.com.hk
On the GEM Hong Kong Bluepoint doesn't exist but Launch Tech Co does
hkgem.com |
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