did this stock try a scam back in 2010. search TADF fraud and read
Who is TADF, Tactical Air Defense Services, Inc. ? Where is 60 minutes when you need them !!!
Today we witnessed another horrific scam took place on penny land.Tactical Air Defense Services, Inc, TADF dropped from 50% up all the way to 44% down on no major news. In a very well co-ordinated Sell off which began early morning and never stopped for the whole day. over 50 million share dump just at the end of the day?
First let us find out why this stock was pumped by so many stock news letters!!! Here you can find the answer from yesterday in its 8 k filing on 5- 17- 2010
COMPENSATION TO ZA. minutes.
(a) The CompanyTactical Air Defense Services, Inc TADF, shall issue to ZA an amount equal to Twenty Million (20,000,000) shares of fully duly authorized, fully paid common stock of the Company, The Common Stock shall vest as follows: (i) 100% of the Common Stock shall be immediately vested on the date of execution of this Agreement despite any termination of this Agreement.
(b) $150,000 payment upon the execution of this agreement
No wonder the sell off kept going on despite all the large blocks of buying.
So, now you know how some of these penny stock news letters making money. So next time when you receive a stock alert from some of these news letter, remember they are after selling you their shares which they have gotten them for free, from the companies which they needs to sell their shares too. Yes my Friend, everybody is after your money, trying to convince you to buy their shares.
How is possible for a Tactical Air Defense Services, Inc TADF, that filed for BK, to give away $150.000? Where this money was supposed to come from? Here read this :
From Yahoo Finance
Tactical Air Defense Services, Inc TADF provides air combat training, mid-air refueling, ground-threat support, aerial fire-fighting, and specialty aerial services to the United States and foreign militaries, and other federal and state agencies. It holds license with the United States Bureau of Alcohol, Tobacco, and Firearms as an importer of implements of war relating to former military aircraft and related parts, which enable the company to import, own, and operate military aircraft. The company was incorporated in 1984 and is based in West Palm Beach, Florida. On May 7, 2010, an involuntary petition for liquidation was filed under Chapter 7 was filed against Tactical Air Defense Services Inc TADF in the U.S. Bankruptcy Court Southern District of Florida, West Palm Beach.
Read more about the bright History of the Tactical Air Defense Services, Inc TADF’s CEO
Chairman of the Board of Directors, President, Chief Executive Officer and Chief Financial Officer
Tactical Air Defense
Dallas , TX
Sector: BASIC MATERIALS / Nonmetallic Mineral Mining
Officer since July 2009
GARY FEARS , MARC SHUBIN , MICHAEL CARIELLO and JAMIE GOLDSTIEN (CONVICTED FELON FOR STOCK SCAMS)
This thing is getting even more interesting , just keep reading
NASD NTM DISCIPLINARY ACTIONS JUNE 2007
Other NASD Actions
REPORTED FOR JUNE
NASD® has taken disciplinary actions against the following firms and
individuals for violations of NASD rules; federal securities laws, rules,
and regulations; and the rules of the Municipal Securities Rulemaking
Board (MSRB). The information relating to matters contained in this
Notice is current as of the end of April 2007
Alexis Casimir Korybut (CRD #2361771, Registered
Principal, Coconut Grove, Florida) submitted an Offer
of Settlement in which he was fined $25,000,
suspended from association with any NASD member in
any capacity for 15 business days and suspended from
association with any NASD member in any principal
capacity for 60 days. The fine must be paid before
Korybut reassociates with any NASD member following
the 15 business-day suspension in any capacity, or
before his firm requests relief from any statutory
disqualification. Without admitting or denying the
allegations, Korybut consented to the described
sanctions and to the entry of findings that, while acting
on his member firm’s behalf, he failed to ensure that his
firm complied with an independent consultant’s
recommendations to remedy the deficiencies identified
in the firm’s prior NASD settlements. The findings stated
that Korybut, while acting on his member firm’s behalf,
failed to implement the various procedures
recommended in the consultant’s reports; failed to
establish and implement adequate systems and
procedures for monitoring the activities of the firm’s
producing branch managers who approved account
documentation and reviewed account activity and
reports on the issuers’ behalf. The findings also stated that the firm,
transactions in a public customer’s account without the
customer’s prior written authorization to utilize
discretion and without his member firm’s prior written
acceptance of the account as discretionary.
The suspension in any capacity was in effect from May
7, 2007, through May 11, 2007. (NASD Case
What makes me even more upset is to find out that our Government is dealing with such a company. Read here
Tactical Air Defense Services, Inc. offers tactical flight training, aircraft maintenance, air-to-air refueling, aerial firefighting, and disaster relief services to the U.S. Department of Defense and U.S. approved allied countries, and to other federal and state agencies.
Stay tuned there is more more to come.
I am out of here for now this is all what one man can Handel. Join me to Expose Tactical Air Defense Services, Inc TADF and the CEO Alexis Casimir Korybut.
I do research on pump-n-dump scams. This was pulled from an affidavit filing made in Broward County Court case last year after TADF pulled the same scam.
"..This pattern of illegal activity has been prevalent in the history of TADS and its predecessor Aerogroup in the past few years, as individuals formerly a part of the Company, Mssrs. Joel Ramsden, Donald Goldstein (a TADS director) and Jamie Goldstein have been convicted of felonies involving securities fraud, mail fraud, international money laundering, perjury and obstruction of justice (see attached Exhibit D). Additionally, TADS, formerly in debt nearly $40,000,000, “reclassified” its debt in 2008/2009, effectively converting the massive debt to a ‘form of equity’, while no mention is made in its publicly filed reports of the huge tax impact such a classification could pose for both the company and the debt-holder(s). Further, the TADS website (see www.tads-usa.com) makes representation that the Company provides services in (a) Dissimilar Air Combat Training, (b) Air-to-Air Refueling Services, (c) Close Air Support Training, (d) Oil Spill Cleanup Services, (e) Aerial Firefighting, (f) General Military Flight Training, (g) Earthquake Relief, and (h) Emergency Response, yet it represents that it has only two employees. Only one of the TADS employees, Michael Cariello, has any flight experience. Further, the September 30, 2009 Form 10Q filing of TADS claims that “Our business involves the ownership, operation and maintenance of jet aircraft, which typically require significant amounts of capital”. Yet, they later admit that they don’t own any aircraft, and the one aircraft they leased from Mr. Fear’s company did not operate in fulfillment of any contracts. Even the amended complaint to which this affidavit is directed in response, claims that it has proprietary and private customers. Yet again, per the September 30, 2009 Form 10Q filing, admission is made that “Our predecessor, AeroGroup, has had no revenues during 2006. We had very little revenues during the year 2008 and year to date 2009.” [claiming total cash assets of $17.00 at September 2009] “We do not have any financing commitments and no assurance can be made that we will be obtaining financing at the times and terms needed. Therefore, there is substantial doubt that we will be able to continue as a going concern.”
In TADS’ 2009 Form 10K/A EDGAR filing, they describe the reverse-split and then new issuance of massive amounts of their capital stock in April 2009 including at least 60,000,000 to Joint Strategy Group, a company shown by Florida corporation commission records to be controlled by a former TADS affiliate, Mr. Jamie Goldstein (not disclosed in the filing) who had been previously convicted of securities fraud as described above; and 400,000,000 shares to companies and trusts owned and/or controlled by Mr. Gary Fears, an undisclosed TADS affiliate and control person. Upon information and belief, in April 2010, TADS and its significant shareholders embarked on a stock promotional campaign. TADS even issued a press release stating that it had engaged ZA Consulting (a South African company that I believe will be shown to be owned by Mr. Fears) and others for “public relations” (read ‘Promote’). Prior to April 23, 2010, TADS issued no press releases. In the 35 day period from April 23 – May 28, the Company issued 9 promotional press releases, and either the company or shareholders of the Company hired two additional prolific promoters named Mohamed Verjees and Sean Gelbard, among others to “pump” the company to the investing public. Upon information and belief, an investor / promoter bid on and paid Google for internet optimization of its promotion via “pay-per-click” activities to draw unwary investors to read the promotional materials of TADS and elicit stock buying from them. These promotional activities, often characterized by others as “pump-n-dump” activities, pushed the stock from a pre-promotional average stock price of one-tenth of a cent ($.001) and an average daily volume of less than 20,000 shares to a promotional period high of five cents ($.05) and an average daily volume exceeding 200,000,000 shares. This was an increase of 5,000% in price resulting in a false market capitalization of over $74,000,000; and 20,000% in volume effectively moving their entire float of outstanding shares more than 3 times! As is often typical following promotional activities, TADS stock is back to less than half a cent as of the date of this affidavit, with the stock sellers having pocketed illicit gains and the public investors losing nearly their entire investment. During this promotional time, there were no significant financial changes in the Company, and it remained in debt over $1.5MM, with no tangible assets to show and only two employees. Further, upon information and belief Mr. Gary Fears, acting as an undisclosed control person of TADS, acquired massive amounts of unregistered shares for nominal consideration via two trusts and multiple corporations, the Gary Fears Trust – 83,400,000 shares, the Dakota Fears Trust – 100,000,000 shares, Air Support Systems, LLC - 100,000,000 shares, Dakota Aviation Consultants, LLC – 100,000,000, plus possibly two other companies, and engaged in the selling of these shares into the promotion of TADS. Fears also engaged in a related party lease of an aircraft to TADS which it never used for business, and I believe is the individual paying legal fees to TADS legal counsel, Fowler-White, for his and TADS’ mutual benefit. I also believe that Mr. Fears (upon completion of at least one forensic investigation that I know to be underway on the TADS promotional activities and trading anomalies) will be shown to have sold unregistered stock from his trusts and companies into the promotion generated buying frenzy while existing as an undisclosed control person “affiliate” of the Company, having never filed Securities Act Forms 3, 4 or 5 with the SEC as required by law. Also, Mr. Fears could be considered a “statutory underwriter” of the Company for providing any funds beneficial to the Company (including payment of legal fees for TADS’ benefit) in exchange for shares, selling those shares and providing additional funds – all while acting as an affiliate of the Company. Though not yet known to be fact, there is also a probability that other principals and affiliates of TADS sold stock during the promotional campaign. Information confirming this suspicion may or may not be derived via comparison of daily “NOBO” shareholder lists against the detailed market maker trade lists during the promotional period in question.