Raystream Inc. RAYS Of Sunshine, Or Clouds Of Doom? Carrollton, Texas
Shell Game
Like so many penny-stock names, Raystream went public through a reverse merger with an existing shell company.
That company, originally known as Interdom (ITRD), was going nowhere before it changed hands. Incorporated in Nevada two years ago, records show, Interdom had total revenue of just $200 - and a mere $45 in the bank - when its founder Igor Rumianstev, a Florida real estate agent, decided to sell his controlling stake in the company. While Interdom had managed to secure a listing on the OTC Bulletin Board ahead of its sale, the stock had yet to begin trading at that time.
On June 14, two months after Interdom landed its spot on the penny-stock exchange, Rumiantsev sold his 83.8% stake in the company to Unlimited Trade for $200,000 and walked away from the firm. At that point, Roman Rumpf briefly took over as the sole officer of the company. Although Peterson technically replaced him as the top executive about four weeks later, Rump stayed on as the CIO and continues to hold down that position to this day.
Earlier this year, Rumpf helped launch a German technology company that carries the Raystream name. He began serving as the "general manager of Raystream GmbH" in March of 2011, official records state, somehow assuming that post four months before the company even surfaced as a registered business. Like its American parent, Raystream GmbH - a company co-founded by Rumpf and Thomas Friedli - specializes in video-compression technology.
Raystream issued 20 million shares of stock, or roughly 40% of its shares outstanding, in exchange for the German subsidiary that gave the company its name. It issued another 5 million shares to Unlimited Trade in exchange for $2 million to fund its operations.
A Panamanian company, Unlimited Trade shares two of its officers - Francela Ivonne Findlay Silva and Orlando Zamet Reyes Saldaa - with another mysterious outfit based in that same country. Those officers double as officers at Gekko Industries, the same Panamanian firm that financed a notorious stock promotion for Lithium Exploration (OTC: LEXG.OB) earlier this year.
Like Gekko Industries before it, Unlimited Trade spared no expense on its big penny-stock campaign. Although it has spent millions promoting Raystream, however, Unlimited Trade has obviously skimped on its rent. As this video shows, the firm operates from a building in Panama City - with no elevators or even electricity - that looks like an outright dump.
1 Updates & Rebuttals
Alert
Los Angeles,California,
United States of America
Law Office of Thomas E. Puzzo
#2REBUTTAL Individual responds
Thu, January 12, 2012
Seattle lawyer Thomas Puzzo is who builds these shells and advises these criminals on how to commit frauds. He clearly is aiding and abetting these criminals and is part of the conspiracy.
All you have to do to uncover more frauds and ripoffs is follow Thomas Puzzo's SEC filings.
http://edgar.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=3041188&PersonName=THOMAS%20E.%20PUZZO
Three lawyers very close to Thomas Puzzo have been subject of investigations or have been disbarred:
David Otto: http://www.sec.gov/litigation/litreleases/2009/lr21126.htm
Larry Hartman: http://http//www.dailymail.co.uk/news/article-1176893/Brits-accused-masterminding-60m-illegal-shares-scam-cheated-thousands-savings.html
Ron Serota: http://www.ripoffreport.com/franchisors/beverage-plus/beverage-plus-ron-serota-ron-96c2b.htm
Puzzo and Otto wrote legal opinions on a hijacked company called Rocky Mountian Gold, and the attempted to defraud investors around the World. RMG involves Larry Hartman, Paul Gunter, and Ryan Gibson.
Two British businessmen have been named as the masterminds of a 60m 'boiler room' scam to cheat investors out of their money.US authorities have charged Simon Odoni and Richard Pope with running the illegal shares scheme which has conned more than 15,000 people out of their savings.
An international arrest warrant has been issued for Pope while Odoni has been
extradited to the US from his home in the Dominican Republic. Odoni, who is originally from Hertfordshire, was transported to Tampa, Florida, in chains by Federal Marshalls after being arrested at a beachfront hotel he owns.
Pope is thought to be in hiding in Spain where he ran the 'boiler rooms'.A spokesman for the US Justice Department said: 'Mr Odoni was extradited to the US from the Dominican Republic. He is now in jail in Tampa, Florida.'
Papers filed in a federal court in Tampa reveal that Odoni and Pope were at the centre of the scam that netted over 60m from British investors, most of them elderly, in almost two years.
A joint investigation by the FBI and Serious Fraud Squad in London uncovered the scam.
The US Secret Service, which investigates wire fraud, has also been involved in the investigation.The Financial Services Authority says boiler room frauds involve persistent
salespeople phoning potential investors 'out of the blue' at home and tricking them with 'smooth manners, technical jargon or special offers'. The salespeople involved are extremely persistent, refuse to take 'no' for an answer and hound their victims every day until they make a sale.
They are called 'boiler room' scams because those involved usually work out of low-rent accommodation. Two other Florida based Britons, Paul Gunter, 60, and his daughter Zibiah,
26, have already been charged with helping run the boiler room scam. They helped open many of the dozen bank accounts that were used to hide the investors' money before it was shared between those involved in the scheme.
The father and daughter claimed they had a limited role in the scheme when they appeared together in court. The pair were granted bail after Gunter's wife put her house and Lexus car up as collateral to raise the 700,000 bail money.
In a 64-page indictment filed in the Federal Court, Odoni and Pope are named as the key figures behind the scam. They are accused of hijacking the identities of at least 54 companies and then selling bogus shares in them to unsuspecting investors in the UK.
Two of the British victims were named in court documents as Jean Beard and Brian Watkins, who was cheated out of more than 50,000. Another investor named as Richard Costello in court papers sent over 200,000 to a fake company set up by Odoni.
Fraud squad detectives who have been co-operating with US agents believe much of the money has been hidden away in Caribbean bank accounts. Other money was spent on luxury cars, private jet travel and hotels. Three US lawyers have also been charged with taking part in the scam. New York-based Lawrence Hartman and Roger Shoss and Nicolette Loisel from Texas have been accused of being involved in helping set up bogus companies.
The four Britons named on the indictment face charges that could see them jailed for up to 25 years. They have been charged with multiple counts of money laundering and mail,
wire and securities fraud.
Read more: http://www.dailymail.co.uk/news/article-1176893/Brits-accused-masterminding-60m-illegal-shares-scam-cheated-thousands-savings.html#ixzz1jGBRT1dZ