[SLJB]: Scam company Sulja Bros. Building Supplies, Ltd. announces the closing of its flagship Harrow, Ontario Lumberyard

.
.
The majority of SLJB's several dozen employees were located at this Flagship location. The following is an article from the Windsor Star on the closing:


http://www.canada.com/windsorstar/news/story.html?id=f192e999-0d06-40a7-b37d-dd8bba41b1c9&k=14089


Embattled Harrow lumberyard closing

Gary Rennie, Windsor Star
Published: Wednesday, June 27, 2007


Sulja Brothers Building Supplies, which is facing Ontario Securities Act charges, announced Wednesday the pending closure of its Harrow location and a move to Calgary.

"The decision to close Harrow after 19 years was a hard one, but we are ultimately responsible to our shareholders," CEO Steve Sulja said in a news release.

Sulja said the company will continue to supply local customers from a site on County Road 17 in Tecumseh.

A location has been found in Calgary, Sulja said in the press release. The address and an opening date weren't mentioned in the press release.

Nothing was said about the future of the several dozen employees at the Harrow location.

The Star attempted to reach Sulja at the Harrow operation where an inventory sale was under way Wednesday.

An employee, Leslie Budway, promised to relay a message to Sulja with a request for an interview. She said he was in the U.S. Budway said more details about the move to Calgary would be released shortly.

"We would like to thank all the clients who have supported us over the last 20 years at our Harrow location," said Sulja advertisements in several county weekly newspapers.

Harrow Hometown Family Pharmacy co-owner and Chamber of Commerce member Lonie Kady said the closing of the local lumberyard the subject of talk in town.

But not much more was known than what the company advertised, Kady said. He didn't think Sulja had been active with the chamber recently. "They kind of kept to themselves," he said. Essex Mayor Ron McDermott said he hadn't heard about the pending Harrow closure.

The Ontario Securities Commission (OSC) put a province-wide trading halt on Sulja Bros. stock last December.

Allegations of manipulating stock prices, issuing false and misleading press releases, and selling stock without issuing a prospectus were made last December against a Nevada-incorporated company with the Sulja name and its former CEO Petar Vucicevich.

Also charged were the Harrow-based Sulja Bros., another company of Vucicevich's called Kore International Management, and a San Antonio, Texas resident, Andrew DeVries.

The OSC has extended the trading halt several times while its investigation continues. Next hearing is scheduled for July 5 in Toronto.

Sulja stock has traded recently in the U.S. over-the-counter market for about 1.5 cents per share. It traded as high as 21 cents a share last year.

In a January press release, the company acknowledged it was also under scrutiny from the U.S. Securities and Exchange Commission. The company cautioned investors then not to rely upon any of its previous press releases or other public statements.

A class action lawsuit has been launched in the U.S. against the public company as well as Steve Sulja and Vucicevich by one investor, who said buying the stock ruined his life, wiping out $67,000 US in retirement savings.

A separate lawsuit is proceeding in Detroit against Loftwerks Inc., the publicly traded company that Sulja Bros. claimed to have merged with last year.





____________________________________________

Fashion Rock LLC's Lou Pearlman Indicted by Federal Grand Jury on 5 counts of FRAUD

.
.
http://www.washingtonpost.com/wp-dyn/content/article/2007/06/27/AR2007062702169.html


5-Count Indictment for Boy-Band Mogul

The Associated Press
Wednesday, June 27, 2007; 8:08 PM


ORLANDO, Fla. -- The creator of the Backstreet Boys and 'N Sync was indicted Wednesday by a federal grand jury on charges he defrauded a bank out of $20 million.

Lou Pearlman, 53, was indicted on three counts of bank fraud, and single counts of mail and wire fraud for business with Evansville, Ind.-based Integra Bank N.A., according to court documents.

Pearlman is most famous for forming boy bands in the '90s, but was also involved in airplane charter, real estate, model scouting and restaurant ventures. He stands accused of fraudulently securing millions in bank loans with documents from a fake accounting firm.

Assets have been liquidated in two bankruptcy cases against Pearlman and his companies, and the entertainment mogul has ignored court actions against him for months.

Florida investigators separately allege Pearlman defrauded more than 1,000 individual investors out of more than $315 million. Several banks say he collectively owes them more than $120 million, according to bankruptcy court documents.

Pearlman was arrested in Indonesia on one count of bank fraud earlier this month. He was expelled from Bali after the FBI contacted authorities there, then he was transferred to U.S. custody and flown to Guam. Pearlman was flown to Los Angeles, and U.S. Marshal Jimmy Disbrow said authorities will soon transport him to Florida.

"It's roughly going to be about two weeks before we see him," U.S. Marshal Jimmy Disbrow said Wednesday.

A call placed by The Associated Press to the U.S. Attorney's Office in Orlando was not immediately returned. It was not known if Pearlman had an attorney.


==================



THE GRAND JURY INDICTMENT:

http://www.orlandosentinel.com/media/acrobat/2007-06/30809610.pdf


_______________________________________________________

[PLNI]: Scam company Plasticon and CEO Turek - The amazing trail of deceit, self-dealing, fraud, false and misleading statements and mis-management

.
.
A MUST READ

As per court documents filed in the Plasticon International, Inc. bankruptcy case:


http://snipurl.com/1ngw2





_________________________________________________

Promoter Paul S. Davis (rrufff) - an index

.
.

[SLJB]: Mr. Paul S. Davis ("rrufff") fails to understand the importance of a company's MORALS AND ETHICS
http://theworm06.blogspot.com/2006/12/sljb-mr-paul-s-davis-rrufff-fails-to.html

[SLJB]: Was Promoter Paul S. Davis (rrufff) selling shares of scam company SLJB while at the same time defending the company?
http://theworm06.blogspot.com/2007/02/sljb-was-promoter-paul-s-davis-rrufff.html

[SLJB]: Why did Paul S. Davis (rrufff) remove any reference to his Detroit/Windsor area residence - Headquarters to SLJB?
http://theworm06.blogspot.com/2007/02/sljb-why-did-paul-s-davis-rrufff-remove.html

[SLJB]: The pumping and hyping of Sulja Bros. Building Supplies, Ltd by promoter Mr. Paul S. Davis ("rrufff")
http://snipurl.com/19pu3

[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") was selling SLJB stock all along http://snipurl.com/19ptj

[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") caught making material false and misleading statements
http://snipurl.com/rlr6

[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") and Convicted Felon Anthony Elgindy http://theworm06.blogspot.com/2007/02/sljb-promoter-mr-paul-s-davis-rrufff_08.html

[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") gives investors a "VERY BIG GREEN FLAG" for Sulja Bros. Building Supplies, Ltd.
http://snipurl.com/19psz

[SLJB]: Mr. Paul S. Davis ("rrufff") says: "That's why I believe it is NOT a scam" http://theworm06.blogspot.com/2007/02/sljb-mr-paul-s-davis-rrufff-says-thats.html

[GCHR/ARUR]: Promoter Mr. Paul S. Davis ("rrufff") caught recommending the purchase of Golden Chief Resources, Inc. stock
http://theworm06.blogspot.com/2007/01/gchr-promoter-mr-paul-s-davis-rrufff.html

[SLJB]: Promoter Paul S. Davis ("rrufff") admits to having made six figure profits on scam company SLJB
http://theworm06.blogspot.com/2006/12/sljb-promoter-paul-s-davis-rrufff.html

[IPMG]: Plagiarism and the pumping and hyping of a stock - Mr. Rick Matthews ("rrm_bcnu") and Mr. Paul Davis ("rrufff")
http://theworm06.blogspot.com/2006/12/ipmg-plagiarism-and-pumping-and-hyping.html

[SLJB]: Fraud, false and misleading financial statements and the stock promotion campaign of scam company Sulja Bros. Building Sulplies, Ltd. http://theworm06.blogspot.com/2006/11/sljb-fraud-false-and-misleading.html

[SLJB]: Mr. Paul S. Davis ("rrufff") and scam company Sulja Bros. Building Supplies, Ltd http://theworm06.blogspot.com/2006/10/sljb-mr-paul-s-davis-rrufff-and-scam.html

[SLJB]: The Investorshub.com Moderators for Sulja Bros. Building Supplies, Ltd http://theworm06.blogspot.com/2006/11/sljb-investorshubcom-moderators-for.html

[SLJB]: The issuance of false and misleading public statements on the SAM Building Materials Ltd. acquisition by SLJB CEO Mr. Petar Vucicevich http://theworm06.blogspot.com/2006/10/sljb-issuance-of-false-and-misleading.html

[GCHR/ARUR]: Golden Chief Resources, Inc. files 10-QSB - Reports ZERO Revenues for the quarter http://theworm06.blogspot.com/2006/09/gchr-golden-chief-resources-inc-files.html

[SLJB]: Mr. Paul S. Davis ("rrufff") was selling SLJB stock all along http://theworm06.blogspot.com/2006/09/sljb-mr-paul-s-davis-rrufff-was.html

[UCSY][SLJB][PLNI][GCHR/ARUR]: Paul S. Davis ("rrufff") and Michael J. Zwebner (Michael Zwebner)
http://theworm06.blogspot.com/2006/09/ucsysljbplnigchr-paul-s-davis-rrufff.html

[SLJB]: Mr. Paul S. Davis ("rrufff") continues to work with Scam company SLJB in denying the company's involvement in email/fax spamming http://theworm06.blogspot.com/2006/09/sljb-mr-paul-s-davis-rrufff-continues.html

[SLJB]: Mr. Paul S. Davis ("rrufff") pumps SLJB by confirming the denial of email/fax spamming of SLJB promotional materials by SLJB http://theworm06.blogspot.com/2006/09/sljb-mr-paul-s-davis-rrufff-pumps-sljb.html

[SLJB]: Mr Paul S. Davis (Paul Davis, "rrufff") is now assistant moderator for the SLJB Investorshub.com message board
http://theworm06.blogspot.com/2006/09/sljb-mr-paul-s-davis-paul-davis-rrufff.html

[SLJB/LFWK]: Mr. Paul S. Davis (Paul Davis, "rrufff") - "This is still my biggest position..." http://theworm06.blogspot.com/2006/08/sljblfwk-mr-paul-s-davis-paul-davis.html

[SLJB/LFWK]: Mr. Paul S. Davis ("rrufff") and Sulja Bros. Building Supplies, Ltd. http://theworm06.blogspot.com/2006/08/sljblfwk-mr-paul-s-davis-rrufff-and.html

[PLNI][GCHR/ARUR]: Mr. Paul S. Davis and the two individuals behind "callingcardz06" and "bashersuit"
http://theworm06.blogspot.com/2006/06/plnigchr-mr-paul-s-davis-and-two.html

[PLNI] [GCHR/ARUR] [LFWK]: The short selling of stocks by Mr. Paul S. Davis
http://theworm06.blogspot.com/2006/06/plni-gchr-lfwk-short-selling-of-stocks.html

[GCHR/ARUR]: Golden Chief Resources, Inc. and the disinformation campaign of Mr. Paul S. Davis http://theworm06.blogspot.com/2006/05/gchr-golden-chief-resources-inc-and.html

[GCHR/ARUR]: The hyping and pumping of Golden Chief Resources, Inc. by rrufff, jmhollen and Creede Bighorns - Part I
http://theworm06.blogspot.com/2006/05/gchr-hyping-and-pumping-of-golden.html

[GCHRARUR]: Save these Posts
http://theworm06.blogspot.com/2006/02/gchr-save-these-posts.html

Mr. Paul Davis: "I'm not going to bash a penny stock with obvious and generic issues. I'll leave that for the bashers."
http://theworm06.blogspot.com/2006/02/mr-paul-davis-im-not-going-to-bash.html

[GCHR/ARUR]: rrufff - Excellence in Research and Due Diligence http://theworm06.blogspot.com/2006/02/gchr-rrufff-excellence-in-research-and.html

[GCHRARUR]: Research begins on Golden Chief Resources, Inc. http://theworm06.blogspot.com/2006/02/gchr-research-begins-on-golden-chief.html

rrufff hyping HISC
http://theworm06.blogspot.com/2007/02/plni-what-will-happen-when-plasticon.html






_______________________________________________________

[PLNI]: CEO Turek transfers $100,000 from PLNI subsidiary to personal company only 2 days before filing for bankruptcy

.
.
He also transferred $14,000 to his same wholly-owned company after the bankruptcy filing.

The details are included in this Motion for Relief filed with the court on June 15, 2007 by former owner of Pro Mold Inc. subsidiary, John P. Murphy and affiliates, who are also large secured creditors:


http://www.orbitfiles.com/download/id1585160989







______________________________________

Fashion Rock LLC's Lou Pearlman arrested in Indonesia - charged with felony bank fraud

.
.
http://www.orlandosentinel.com/news/local/state/orl-bk-pearlman061407,0,49595.story?coll=orl-home-headlines

Boy-band mogul Lou Pearlman to appear before federal judge

Pedro Ruz Gutierrez, Scott Powers and Sara K. Clarke
Sentinel Staff Writers

June 14, 2007

Lou Pearlman, the Orlando boy-band mogul, was taken into custody by the FBI early this morning in Indonesia.

Authorities expelled Pearlman and then turned him over to U.S. authorities.

"We are aware that he is in the custody of the FBI," said Steve Cole, a spokesman for the US Attorney's Office in Tampa. "I can't comment beyond that." Pearlman is the subject of several federal and state criminal investigations in Florida involving alleged securities and bank fraud. He was being flown to Guam, the nearest U.S. territory, where he will have an initial appearance before a federal judge.

Indonesian authorities located Pearlman living in a resort hotel in the tourist district of Nusa Dua in Bali. Immigration officials in that country told him he was no longer welcome in their country and then expelled him. In the process, they turned him over to U.S. officials.

On Feb. 15, FBI and IRS agents, using search warrants, raided Pearlman's former corporate headquarters on Church Street and his Isleworth home near Windermere and seized truckloads of documents.

While the federal charges remain publicly unknown, Pearlman has been charged in both state and federal court with civil complaints alleging widespread fraud in an "employee investment savings account " program he ran for more than two decades through his Trans Continental Airlines company.

The civil suits, including one from the Florida Office of Financial Regulation, have alleged he received more than $317 million from more than 1,800 investors who were told their money was going into safe, secured, high-interest accounts. They money instead fueled a huge, long-running Ponzi scheme, in which later investments were used to keep earlier investors happy, the suits allege. In addition, a dozen banks have sued him after foreclosing on more than $130 million in loans.

Attorneys and investigators trying to find the money for the civil cases have found very little; only a few hundred thousand dollars so far.

Reaction among investors and attorneys in Florida was swift and hopeful.

"Number one, he deserves to be arrested and number two, they may find out where the money is," said Clearwater attorney Robert Persante, who sued Pearlman on behalf of investors who claimed to have lost money in Pearlman's savings program.

Joe Madigan of Ocala is among investors wondering what will come of the arrest. He and his wife Jean lost $300,000 in the program, which he said was their life savings. Madigan does not have much hope of getting much, if any, money back. But he does want to see justice.

"I hope that he (Pearlman) does time. He stole money from innocent people who trusted him and put all their life savings into an investment we thought was secure," Madigan said. "Also, I don't think the guys who assisted him in selling these investments should get away scot-free either."

There are dozens of lawsuits pending, including involuntary bankruptcy cases against Pearlman personally and many of his companies. Attorney Denise D. Dell-Powell, who represents court-appointed trustee Soneet Kapila in those bankruptcy cases, said the biggest hope might hinge on whether Pearlman reveals what happened to the money as part of some sort of plea bargain.

"Part of it depends on whether Pearlman will plea out and will provide information that will help us provide restitution for the creditors," Dell-Powell said.

There also is the question of whether any of Pearlman's top executives might also be indicted. If not, with Pearlman's arrest, they might be freer to talk as well, she said.

"You have various people who may be concerned about their own criminal liability, and when the indictments are unsealed and they are not targeted, they may feel they can speak to us more freely, which is helpful," she said. "It could mean nothing to us. I would imagine at this point, he pleads the 5th" Amendment, exercising his right to not speak.

Pearlman was last publicly seen in Orlando in late January. By early February he was in Germany, where he still has a boy band, US5, touring. But within days of his Feb. 1 appearance on German television, he dropped out of sight again. Subsequent sightings have been reported in Russia, Belarus, Germany, Israel, Spain, Panama, Brazil and Indonesia. The first such Indonesia report came in early February when an Orlando attorney received a letter from Pearlman with a Bali, Indonesia, postmark. Since then, the Orlando Sentinel has received at least two more unconnected reports of Pearlman sightings in Bali.




________________________________________________

[PLNI]: Was the Public Company Accounting Oversight Board investigating Plasticon and its auditing firm?

.
.
You decide:


http://starspennyscamarchive.110mb.com/plasticon/mendoza.pdf






_________________________________________

[PLNI]: Did PLNI CEO Turek file false and misleading statements with the Bankruptcy court regarding the PLNI shares outstanding and his ownership?

.
.
.
1. In the initial PLNI bankruptcy filing, CEO James N. Turek stated that there were 11 billion common shares issued and outstanding as of the date of the filing, May 16, 2007:

http://www.orbitfiles.com/download/id1552703155



2. In the PLNI response for transfer of venue by Murphy, Turek stated that he "holds approximately 73% of outstanding shares":

http://www.orbitfiles.com/download/id1552705936



3. Either the 11 billion common share amount is a false and misleading statement and/or the 73% ownership is a false and misleading statement.



4. The following shows why this might be the case:


a. The 15c2-11 filed with pinksheets.com by PLNI on June 24, 2006 stated that Turek owned 222 million common shares and that there were 4.998 billion common shares outstanding, both as of June 16, 2007:

http://www.pinksheets.com/pdfservlet?id=8190




b. There was a Rule 506 Reg.D private placement on October 19, 2006, filed with the SEC by PLNI on November 6, 2006 for $760,000 in common equity. Based on trading prices at the time and an approximately 30% discount, PLNI would have issued about 1.0 billion common shares to the entities that invested in the private placement, one from California and the other from Massachusetts:

http://www.orbitfiles.com/download/id1552669528




c. According to PLNI's SEC filings, there were also 270 million common shares issued on October 29, 2006 to other parties:

http://www.secinfo.com/dV3p8.uMy.htm

ITEM 6. EVENTS SUBSEQUENT TO THE QUARTER ENDED SEPTEMBER 30, 2006

During the fourth quarter 2006, the Company identified $720,000 in term debt that was incurred in 2005. The funds from the borrowings were deposited with LexReal. The loans have been called, requiring the Company to provide 270,296,888 of common shares to terminate the notes. On October 29, 2006, the shares were issued at a cost of $162,178. The referenced loans were booked by the Company with an offset to the amounts owed to LexReal, with no increase in the Company’s debt. We are in the process of investigating the impact on prior year’s financial statements and will make the necessary entries when completing the 2006 year-end accounting.




d. Taking the 4.998 billion common shares outstanding as of June 16, 2006 and adding those issued to third parties in (b) and (c) above, the total would be 6.268 billion common shares.



e. Assuming that Turek received 100% of all common shares issued over and above the 6.268 billion common shares stated in (d), then he would have received 11.0 - 6.268 = 4.732 billion additional common shares, leading to a total amount of common shares for Turek of 222 million + 4.732 billion = 4.954 billion common shares owned by Turek out of the 11.0 billion that he stated were outstanding as of the May 16, 2007 bankruptcy filing.



f. So, if Turek received all of the additional shares (that were not identified going to third parties) and did not sell one share during the June 16, 2006 to May 16, 2007 period, he would own a maximum of 4.954 billion /11.0 billion common shares, or only 45% of all common shares outstanding, considerably below the 73% that he claimed in the bankruptcy filing in paragraph #2 above.



g. Based on the data above, in order for Turek to own 73% of all outstanding common shares, he would have to own about 16 billion out of 22 billion common shares outstanding, which means that PLNI would have to issue another 11 billion shares - all to Turek- increasing the total shares outstanding to 22 billion.



h. The above paragraphs show that either Turek made false and misleading statements about the 11 billion common shares issued and outstanding and there are at least 22 billion common shares issued and outstanding, or he made false and misleading statements about his 73% ownership of common shares outstanding, or both.





______________________________________________

[PLNI]: The $760,000 PLNI promissory notes - a coincidence?

.
.
.
1. The total promissory notes filed with the bankruptcy court by James Miscioscia of Massachusetts and Cliff Johnsen of California equal $760,000:

http://www.siliconinvestor.com/readmsg.aspx?msgid=23593541



2. The Rule 506 Reg. D Private Placement filed on November 6, 2006 with the SEC by PLNI totals $760,000 in common equity raised by PLNI. The two investors are stated to be from Massachusetts and California in the SEC filing:

http://www.orbitfiles.com/download/id1552669528



3. A coincidence?





____________________________________________

[SLJB]: Has promoter Ricardo J. Fernandez (Airys418) sold a majority of his SLJB shares into the market recently?

.
.
.
details to follow






__________________________________________