This is a false claim submitted by a con artist…………. enough said!

Global Enterprises, Inc.

40 Calhoun Street

Second Floor

Charleston, SC 29401

State of California

Department of Corporations

Sacramento, CA

Virginia Jo Dunlap

Supervising Counsel

January 10, 2003

RE: Desist and Refrain Order Dated December 19, 2002

Dear Mrs. Dunlap,

I am in receipt of your Desist and Refrain Order issued December 19, 2002 without the benefit of comment from our firm. I wish to address some of the clearly erroneous positions that have been taken by the Department of Corporations.

Background

Global Enterprises, Inc. is a duly registered corporation in the State of Delaware with corporate headquarters located in Charleston, SC. All registration requirements are current and valid in the State of Delaware. The current primary business of Global Enterprises, Inc. is the issuance of mortgage backed securities to sophisticated investors only and therefore there is no registration requirement on our part. As you are well aware, the SEC identifies a sophisticated investor as one having a net worth of at least one million dollars or an average net income in the last two years in excess of two hundred and fifty thousand dollars. In order to receive our offering circular or to enter our website to view our offering circular the individual must attest to the fact that they are a sophisticated investor and meet all the qualifications of a sophisticated investor. A direct link to the legal definition is even provided to assure that individual that they do in fact meet the requirements prior to access to the website.

In addition to Mortgage backed securities we also created a private label annuity product that is issued by our firm. This is not an insurance annuity as you have claimed. It is also offered only to sophisticated investors and only to individuals in states where they may be offered. Our firm was approached by Adam and Associates in California about offering the product in the State of California. We were advised that there were no restrictions to offering this product in the State of California by Adam and Associates. We were led to believe that they were licensed insurance brokers and clearly understood the difference between our product and an insurance product. The offering also contains in bold print a disclaimer in the very first paragraph that this is not an insurance product but a private product issued by Global Enterprises, Inc. The offering also allows the individual to pick the charity of their choice to be the beneficiary. Nowhere does it state that Global Enterprises, Inc. is to be the beneficiary of this product nor would we be inclined to accept such an offer. In order to receive the private label annuity product the individual must first submit an application which is used to identify the individual as a sophisticated investor and only then would the offering be submitted. Once submitted, the offering would have to be executed by the individual first and then by our firm. There would never be an instance where our firm would issue an executed document in advance and therefore would have to conclude that a fraudulent document has been created and submitted by Adam and Associates. Our firm has therefore severed our relationship with Adam and Associates and will no longer accept any applications submitted by their firm.

I would also like to point out that our firm did in fact open an office in Santa Monica. Our firm was performing due diligence on certain commercial properties located in Santa Monica and required office space. We leased office space for a six month period of time during the negotiations on the commercial property. The space was never used to offer any product for sale. I also would like to point out that we have always maintained our office location here in Charleston, SC and I am always available by using our corporate phone number. I am the registered administrator of the website since I am the founder of the company, however, I do not approve of any use of my personal home phone number or home address listed under Susie Stroupe, and your inclusion of this information in your Desist and Refrain Order was quite unnecessary. Please use our corporate office phone number or email address in the future. Also, your links to our website are not properly linked and lead to websites that belong to other parties. Our website is only accessible with proper acknowledgement that you are a sophisticated investor and not accessible by the general public.

I understand that you have spoken at length with our counsel about this matter and that no further action is warranted. I also understand that we would not be precluded from offering our product in the State of California provided that we register with the Department of Corporations as a foreign corporation doing business in the State of California. At this time we do not intend to offer any products in the State of California and therefore will forgo the registration process.

Feel free to contact me if you have any questions or comments.

Sincerely,

Anthony Stroupe

President

Risk Disclosure Statement

Mark Anthony “Tony” Stroupe hereafter “Stroupe”,  hereby advises that he has previously pled guilty to one count of conspiracy to commit wire fraud, a felony. The action arises out of an investigation of  NASD firm First Springfield Securities in which First Springfield Securities in violation of client investment agreements transferred funds from a comingled account to foreign accounts for the purpose of investing in a fraudulent bank trading program. Millions of dollars were lost and the investors filed complaints with the SEC, NASD and the attorney general in Missouri. During the investigation it was determined that all funds that belonged to clients of First Springfield Securities had been commingled into one account and not segregated thereby making it impossible to determine which clients funds had been used in the illegal activity.

In 1998, during the time of the investigation, Stroupe received funds from a client of First Springfield Securities in the amount of $1.2 Million for investment purposes. The funds became part of a $10 million investment fund consisting of $8.5 Million of investor funds and $1.5 Million of Stroupe funds. Due to the illegal activity that was occurring at First Springfield Securities, the transfer and acceptance of those funds placed Stroupe in the position of a co-conspirator. The funds transferred were the only funds in the United States linked to First Springfield Securities. The Government took the position that they needed to protect all the clients of First Springfield Securities and therefore seized all the accounts of Stroupe.  The government chose not to prosecute Stroupe of a crime at the time and placed the seized funds and other assets in the control of the Federal Court in Charleston, South Carolina to make a determination as to the beneficial owners of the funds seized. The matter was treated as a civil action. The clients of First Springfield Securities and Stroupe were forced to file suit in order to recover their funds. This resulted in a dilution of the funds of clients of Stroupe since all clients of First Springfield Securities who had lost their funds were now claiming rights to the Stroupe investment funds.

Stroupe settled with his clients by forfeiting all rights to the funds seized even though Stroupe’s personal funds and assets were seized in the action.  All allegations of fraud were dismissed. As a direct result of the improper seizure and the dilution of client funds, investors of Stroupe lost $3.8 Million dollars. A settlement was negotiated between First Springfield Securities clients and Stroupe’s clients without Stroupe’s participation. Stroupe recommended that the clients not accept anything less than the total amount that was invested and counter sue for improper seizure of the funds. However,  several years had passed and legal fees were mounting, therefore a settlement was reached.

Stroupe was later charged with conspiracy to commit wire fraud by the U.S. Attorney in South Carolina. Funds were transferred by bank wire transfer from First Springfield Securities across state lines from Missouri to South Carolina. First Springfield Securities was involved in criminal activity. The funds transferred flowed from that criminal activity and therefore were tainted funds. Stroupe had not performed any due diligence on the source of those funds.  A due diligence inquiry would not have resulted in the discovery of the fraud being perpetrated. It was recommended by Stroupe’s counsel that the risks associated with a trial were high, that a jury may not understand the complexity of the case and that a guilty plea was the best approach.  Stroupe served three years in federal prison as a result of the plea. Stroupe is restricted from being an investment broker or real estate broker until August 16, 2012. Stroupe is not restricted from operating any other financial business and currently operates “Emini Futures Day Trader”, a financial publication.

During Stroupe’s incarceration he worked in the education department and taught stock option trading classes to inmates. Some men go to prison and learn to be better criminals, Stroupe went to prison and became a better man. He chose to work on his personal relationships with his family and friends, help others become better educated,  and learned from a business perspective the importance of performing proper due diligence. 

×

1 / 0

❮ ❯

I met Tony in Federal Prison. I am a seasoned Con (RETIRED) Tony convinced me he was an honest, wrongfully prosecuted Bond Trader, Victim of the Government, and all around great guy.

After his release I contacted him seeking financing for a project. When the dust settled, he owned half of my business and I was seeking people on his behalf who were seeking funding.

After finding 2 companies needing funding and Tony receiving $20k from one and $86k from another as funding fee, they were denied funding and he kept their money.

Beware of ANY deal that require you to put up money in order to borrow money.

Stroupe is a fraud and here is a scan of just some of his court papers. Run a google search go through the pages and see what a scum bag he is. Enjoy!

×

1 / 1

2 / 1

❮ ❯