Must read: Yall Politics explores the hiring of former FBI agent Hal Neilson and his new company contains some very interesting Louisiana connections.

Folks I’d like to get some backgorund related to the ownership of Here Enterprises, which I highlighted in a post last week here.  I’ll let Yall Politics explain why:

These “microcap” stocks are sometimes affiliated with fraudulent “pump and dump” schemes where insiders accumulate large amounts of shares over time, manipulate trades and they pay internet marketers and boiler rooms (often overseas) to hype stocks and create a false market. Here Enterprises has issued (at least in the past) these similar Regulation S shares, which are targeted to trade overseas.

Something else that Here Enterprises shares is common ownership with a financial mastermind that has just been served an enforcement action by the SEC for $35,000,000 in securities fraud one week before Neilson was named CEO.

SEC enforcement action against Nicholas Louis Geranio, Kaleidoscope Real Estate & others

The company that Neilson now is taking over is riddled with deep connections to Geranio’s companies and associates (Kaleidoscope Real Estate and the Good One, Inc.), and are really too numerous to go into detail on. These common owners span at least seven or eight similarly situated pink sheet companies.

Here is the original stock distribution of Here Enterprises. Notice that Geranio’s Kaleidoscope Real Estate was a major shareholder. Acadia LLC and Bayou Business (both Nevada based) are also listed similarly as shareholders of Deltron (aka “Blu Vu”), which was mentioned in the complaint as one of the “pump and dump” companies for Geranio. The Good One, Inc. (run by Geranio’s former wife) was engaged by Here Enterprises in 2011 for a major PR/stock promotion campaign. Not surprisingly, it was unsuccessful in raising the stock price.

Mark Ryun
PO Box #28
Haleiwa, HI 96712 (hometown of Geranio)
1,675,000(2) 20.45%

Acadia, LLC
131 E. Oakland Dr., Saint Rose, LA 70087
450,000 5.49%

EcoInnovation, LLC
59-574 Makana Rd.
Haleiwa, HI 96712 (hometown of Geranio)
475,000 5.80%

Bayou Business LLC
4041 Williams Blvd., Suite A9 #192 (the address of a UPS Store in Kenner)
Kenner, LA 70065 800,000 9.77%

Kaleidoscope Real Estate Inc.
3540 W. Sahra #461
Las Vegas, NV 89102 (Geranio’s ex-wife)
475,000 5.80%

David Sayid
408 West 57th Street, Ste. 8E
New York, NY 10019
700,000 8.55%

Amber Sunset Ventures, LLC
172 E. Bullion, Marysvale
UT 84750
500,000 6.11%

According to the SEC, the scheme worked as follows.

The Commission brings this securities fraud action seeking relief from Defendants’ critical role in a $35 million scheme to manipulate the market and to profit from the issuance and sale of stock through offshore boiler rooms.

2. From approximately April 2007 to September 2009 (“the relevant time period”), the scheme worked as follows: Nicholas Louis Geranio (“Geranio”) organized eight U.S. companies (the “Issuers”); installed management, including his longtime business partner Keith M. Field (“Field”); and entered into consulting agreements with the Issuers through his alter-ego companies The Good One, Inc. and Kaleidoscope Real Estate, Inc. (“Kaleidoscope”). Through The Good One’s and Kaleidoscope’s consulting agreements, Geranio set up a common system to raise money through the Issuers’ sale of Regulation S shares to offshore investors by boiler rooms that Geranio recruited. Regulation S stock is stock that is exempt from registration with the Commission because it is offered solely to investors who are located outside the United States.

Naturally the Kenner address captured my attention as that is prime Goatherder country as the ownership of Here certain has a Louisiana flair.  I did a bit of digging and found Bayou Business LLC on the Secretary of State site and it somewhat deepened the mystery as its owner is listed as a Lockport realtor named Carol Guidry.  Acadia LLC, which the Secretary of State lists as domiciled at the Fed Ex store on Ormand Blvd in Destrahan has another address in Las Vegas.

Any info to my email inbox or in comments much appreciated.  Should you decide to accept the assignment the secretary will disavow any knowledge of your actions……

sop

One thought on “Must read: Yall Politics explores the hiring of former FBI agent Hal Neilson and his new company contains some very interesting Louisiana connections.”

  1. Still taking shots at Neilson, huh. Lange maybe a little bitter after their asses were handed to them awhile back.

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