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MSI Credit Solutions fhaloanapproval.com *READ* PROOF MSI CREDIT SOLUTIONS IS A SCAM. Rey Salomon shady fraudulently raised $903,195 from 22 investors in connection with an unregistered securities offering Frisco , Texas
Before you do any business with MSI Credit Solutions you may want to think twice.
If Rey Salomon scammed 22 people for $903,195 then what will he do to you. Please take the warning and never trust anyone with your money or SS #.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20747 / September 25, 2008
Securities and Exchange Commission v. Rey Salomon, Jr. and Ellen H Development LLC, Civil Action No. 3:08-CV-1695 U.S.D.C./Northern District of Texas (Dallas Division) SEC Settles Securities Fraud Case With Rey Salomon, Jr. and Ellen H Development LLC
Today, the United States Securities and Exchange Commission (Commission) filed a civil action against Rey Salomon, Jr. and Ellen H Development LLC (EHD) alleging that they made material misrepresentations and omitted material facts regarding the use of investor funds in connection with the offer and sale of unregistered securities in an oil and gas drilling program. According to the complaint, the defendants violated the antifraud and registration provisions of the federal securities laws. The Commission also alleges that Salomon acted as an unregistered broker-dealer. Salomon and EHD have agreed to settle the charges against them, without admitting or denying the Commission's allegations.
From at least March through September 2007, EHD, at Salomon's direction, raised $903,195 from 22 investors through offers and sales of fractional interests in a "turnkey" oil and gas drilling program to be conducted in Denton County, Texas. The EHD offering was not registered with the Commission, and was not otherwise exempt from registration. In addition, the EHD offering documents included material misrepresentations and omitted material facts regarding the use of investor funds and the costs of the drilling program. Specifically, the offering documents stated that: (i) all investor funds would be used to drill two oil and gas wells; (ii) investor funds would not be used to pay the debts of EHD or Salomon; and (iii) the cost to drill the two wells was approximately $4.5 million. Contrary to the express terms of the offering documents, Salomon used at least $220,000 of investor money for his personal benefit, including the repayment of a loan made to EHD and Salomon to help capitalize EHD. EHD and Salomon also knew that the actual cost to drill the wells was more than $1 million less than the offering documents represented.
Specifically, the Commission alleges that Salomon and EHD violated Sections (a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The commission further alleges that Salomon violated Section 15(a) of the Exchange Act. Salomon and EHD consented to judgments that permanently enjoin them from future violations of these provisions and hold them liable, jointly and severally, for disgorgement of $903,195 plus $81,809 of prejudgment interest, for a total of $985,004. Based on the defendants' sworn financial statements and supporting documents, the judgments do not order Salomon and EHD to pay civil penalties and payment of $382,069 of disgorgement and pre-judgment interest was waived.
Rey Salomon, Jr., and Ellen H Development LLC
On September 25, 2008, the SEC filed a settled civil action against Rey Salomon, Jr. and Ellen H Development LLC (EHD) alleging that they fraudulently raised $903,195 from 22 investors in connection with an unregistered securities offering in an oil and gas drilling program. The SEC also alleged that Salomon acted as an unregistered broker-dealer.
Salomon and EHD agreed to settle the charges against them, without admitting or denying the allegations in the SECs complaint, by consenting to permanent injunctions. In addition, the defendants agreed to pay, jointly and severally, $903,195 in disgorgement and $81,809 in prejudgment interest, for a total of $985,004. Based on the defendants sworn financial statements and supporting documents, the judgments did not order Salomon and EHD to pay civil penalties and payment of $382,069 of disgorgement and pre-judgment interest was waived. Salomon also agreed to be barred from association with any broker or dealer, with the right to reapply after 5 years.
For more information about the SECs action, you can read Litigation Release
Nos. 20747 (Sept. 25, 2008) and 58679 (Sept. 29, 2008).
The Court appointed Wayne M. Secore as Special Master to submit a plan to distribution to the Court and, upon approval, to distribute funds to approved claimants. If you have questions or believe you may be able to participate in any distribution, you can contact Mr. Secore at:
Secore & Waller, L.L.P.
1222 Merit Drive, Suite 1350
Dallas, Texas 75251
Phone: (972) 776-0200
Email: wayne@secorewaller.com
SEC Complaint in this matter http://www.sec.gov/litigation/complaints/2008/comp20747.pdf
I have created a list of websites you may want to take a look at. Rey Salomon is on the BLACK LIST and has been listed as the one person you DO NOT want to do business with EVER. SEE BELOW
http://www.sec.gov/divisions/enforce/claims/reysalomon.htm
http://www.sec.gov/litigation/litreleases/2008/lr20747.htm
http://www.corporationwiki.com/Texas/Dallas/rey-salomon/37553137.aspx
http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-023978
http://www.formds.com/issuers/ellen-h-development-llc
http://capitalstrategies.biz/resources/black-list/
http://www.vippa.net/femagazine/Publication4.pdf
http://www.thehomeeconomist.com/component/alphacontent/?view=alphacontent&start=30
http://www.sec.gov/litigation/complaints/2008/comp20747.pdf
http://www.docstoc.com/docs/56371231/34-58679
http://www.ogj.com/articles/2008/10/sec-charges-north-texas-man-and-firm-with-violating-securities-laws.html
http://fpn.advisen.com/articles/article83710426-1052072421.html
http://www.sec.gov/news/digest/2008/dig093008.htm
If your still not sure if you want to do business with MSI then this may also help. Seems like Mr. Salomon can't stay out of trouble.
LN AR DOB CASE/BOND CTCHARGE DISP
01 SALOMON REY CA 012076 MA9938133 ME UCW CLUB DISM
02 SALOMON REY CISNEROS 012076 MB0143002 MM FAIL ID FUG NO PGBC
03 SALOMON REY JRA 012076 F-9502012 FH ASSAULT NBIL
04 SALOMON REY JRA 012076 MB9619813 MM DWLS/SR DISM
05 SALOMON REY JR 012076 F-0039559 FW THEFT AGGREGAT PGBC
Read what is listed on his criminal record at http://www.dallascounty.org/criminalBackgroundSearch/
And thats not all! I have other employee's/associates with criminal records, so every time MSI make a comment or theatens anyone, I will post another one.
2 Updates & Rebuttals
Concerned Citizen
United States of AmericaHow many more people will you lie too? How many more families will you steal from? And....How many more children will go to bed hungy because you stole from Mommy and Daddy?
#3Author of original report
Fri, August 03, 2012
Heres some more HOMEWORK for you. Oh and BTW just because you paid to have 3 other post removed does NOT mean I cant put them back. You are so fast to call judgment, to cast the first stone, to call people liars, hurt hundreds of families, but you have NEVER apologized or tried to make amends with any of them. I have read all the past reports on you and your company, (even the ones you paid big bucks to have removed) and because of that, judgment will come back on you. I have done my homework and I have spent a lot of time searching for anyone who is connected to you. Because I know you I also now you cant STOP running your month! Your always blaming everyone else and NEVER taking responsibility for you own actions. Lets see how many people you are willing to hurt . We already know how many families you have scammed, taken their money, promising them a better life, but in return you take thousands and never care that maybe a CHILD went to bed hungry, or scared because you took money from Mommy and Daddy. I will keep posting about other employees untill you make amends because your weak threats dont bother me. I can back-up and prove my statements but you. well. YOU CANT!! I truly believe in people, that we will all come together and STAND UNITED. You keep saying how stupid people are Quote "Anybody that reads will know that you an immature individual that has nothing better to do" see I believe people will see the truth because they are smarter and stronger then YOU give them credit for, so we will fight back and PROVE you wrong.
UNITED WE STAND : DIVIDED WE FALL
Proof Rey Salomon is a part of MSI.
Name Rey Salomon Company MSI Credit E-mail Contact Rey Salomon (MSI Credit) Website http://www.msicredit.com Office Phone (866) 217-9841 x 6315 Cell Phone (469) 531-1328 Alt. Phone (214) 437-8908 Address 2811 Internet BLvd , Frisco , TX , 75034
Description We Set The Unsurpassed Standard of Success In Our Industry. We Are Recognized For Our Dedication, Honesty, Integrity And Service. MSI Credit Solutions is a privately held company based in Dallas
Gaurantee 50 points on the low end or their money back
http://activerain.com/rsalomon
and more.
Rey Salomon at MSI Credit Solutions LocationDallas/Fort Worth Area IndustryFinancial Services
rey salomon's Overview
Current Sales at Credit repair
Rey Salomon at MSI Credit Solutions
Connections 21 connections
rey salomon's Experience
SalesCredit repair Currently holds this position
Rey Salomon
MSI Credit Solutions
Privately Held; 51-200 employees; Financial Services industry
January 2008 Present (4 years 8 months)
http://www.linkedin.com/pub/rey-salomon/12/836/b95
We all know he is or was a part of you company. We also know you would never admit to anything (your past has proven that) This is exactly kinds of people you hire, people with criminal backgrounds that know how to scam innocent families. I mean come on now, you wouldn't be able to make all that money if the employees you hired were to actually GOOD people, right?
R Mend
Frisco,Texas,
United States of America
Rey Salomon does not work for us
#3REBUTTAL Owner of company
Thu, August 02, 2012
Oh wow you are a genius are you not! Well if you would have done more homework you would have found out that Rey Salomon is not employed with us. Good job Mr bright guy!
Anybody that reads will know that you an immature individual that has nothing better to do. They will not take your childish posts seriously! If you are trying to hurt us it is not working, we will continue to grow and help out thousands of Americans :) Go ahead and continue to waste more of your time.
God Bless you,