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Jeff Galpern Jeff Galpern MWC Group LLC Jeffrey Galpern This person singlehandedly destroyed the value of my stock! Galpern MWC lied about promotion Ripoff Miami Florida
This is a warning to all CEOs, CFOs and anyone involved with a publicly trading company. If you get a phone call from someone offering you an infusion of capital and/or investor relations/promotional services ask a lot of questions first. Find out the names of the principals of the company, where they are located and ask for references.
Our company got such a phone call recently by a firm out of Florida called MWC Group. They asked if we needed working capital, which we did, if we were currently engaged with an IR and several other questions before telling us their story. I must they they sounded very convincing. We spoke with the owner of the company Jeff Galpern. He explained to us his program of Trade Mission Funding.
Mr. Galpern explained that he arranges these Trade Missions where he flies high net worth investors to a resort or hotel and then in concert with the company he is working with, a presentation is put on for the group. What appealed to us was that these investors would be purchasing restricted shares of stock. This was important to us because we have been burned many times with offers to help in exchange for free trading shares that were inevitably and very quickly sold into the open market which hurt our stock price.
Mr. Galpern bragged about how he regularly raises 1 to 3 million for the companies that he "helps". We became a bit concerned when we asked what licenses he and the company help and he told us they were not broker-dealers and we would have to compensate them based on a "hand shake" agreement. Our BIG mistake was not hanging up the phone when he presented his hook. He told us that these high net worth investors he flies in always ask him if he is an investor in the company and he must of course reply with a yes.
I told him I could sell him restricted shares at a discount to the market immediately so he could get started. Then he told me that it took between 60 and 90 days to do the work involved before the Trade Mission could take place and he would be out of pocket several thousand dollars before the program began and insisted we provided him with free trading shares at a discount to offset his risk.
I discussed the entire thing with my board and we decided to proceed. We sold MWC Group a sizeable block of shares. That's when the trouble began. The SAME DAY that the shares were transferred into his account we noticed a large jump in our daily volume which was almost all selling into the bid. We could not reach Mr. Galpern by phone and he did not return our phone calls.
The selling continued throught the day and our stock price declined by about 30%. Since we were tied into a contract that stated that the price paid my MWC would be based on the closing bid on the day that shares were transferred into their account, we received substantially less than were anticipating.
When we finally got him on the phone Mr. Galpern sounded very concerned and actually accused us of depressing the stock price! He unequivocally denied he did any selling whatsover.
After doing some research we determined it was in fact him selling our stock. We were taken in by a professional con artist! Further research and investigation shows that he is involved in numerous lawsuits, complaints and investigations.
If you are a public company please beware of this person and company. Our investigations revealed the following account numbers:
Oppenheimer & Co brokerage account: Jeffrey Galpern ending in 4253
Oppenheimer & Co brokerage account: MWC Group LLC ending in 3693
Regions Bank account: MWC Group LLC ending in 9108 and Consolidated Diversified Investments LLC ending in 2901
There could be other companies he uses to work his scam. A search of Florida Division of Corporations website revealed a number of corporations in his name.
Please don't get fooled like we did, check out anyone offering stock related services thoroughly before agreeing to anything.
Upset ceo
Offices in several US cities, Florida
U.S.A.
2 Updates & Rebuttals
Upset ceo
Orlando,Florida,
U.S.A.
Jeffrey Galpern Dymphna Galpern Miracle Applications MIRA.PK
#3Author of original report
Fri, January 18, 2008
Mr. Galpern apparently has purchased the shell of Global Triad formerly trading at GBTD.PK and started a company called Miracle Applications Corp. Go to pinksheets dot com and type in the stock symbol MIRA. Under the Company Info tab you'll see he listed his wife as the CEO as he must now hide as anyone who has Googled his name knows.
Be warned, DO NOT do any financing with Miracle Applications, DO NOT do any stock deals, DO NOT buy this stock. There will be fraud anywhere you care to look. Several people on the popular stock message boards have already sent in requests to FINRA to investigate the Galperns and MIRA.
As I am an officer with a publicly traded company myself it was easy to find out that the only stock being traded was back and forth between two accounts owned by Mr. Galpern. This is illegal stock manipulation. There is no volume in the stock and no liquidity.
I found a civil complaint against Galpern by a company called Icarus Investments. If you Google "icarus v galpern" you will be able to find it. In the complaint it alleges, among many other things, that Galpern created a false market in STSM in order to defraud private investors into buying shares of the stock that he wasn't even allowed to sell. This guy really takes the cake.
Jeff
Miami,Florida,
U.S.A.
never did anything that was written. ex employee has vindictive passion
#3REBUTTAL Individual responds
Sat, September 15, 2007
I wish that the company that is being talked about was written so everyone can see that this is a lie. I have never destroyed , lied , or mislead any company . I am the best at what I do and allways have added value to other companies as well as give excellent advise to them.I have helped them with the raising of millions of dollars.It's not nice to slander other people because of person conflict.My attorney has been contacted by email by this so called author and he won't give my attorney any information as to whom he is .Wonder why !