• Report: #647654

Complaint Review: Busca Corp

  • Submitted: Tue, October 05, 2010
  • Updated: Wed, February 09, 2011

  • Reported By: Carlos Escalante — los angeles California United States of America
Busca Corp
7590 Fay Ave. Suite 506 La Jolla, Internet United States of America

Busca Corp SearchGuy.com , INMUEBLES levelup, metatube, buscatodo, deporte, la jolla Internet

*Author of original report: Sabine Schudel La Jolla

*Author of original report: Thomas Bibiyan responds to false and defamatory press release issued by Ramon Toledo

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Prior to filing the civil suit against Mr. Bibiyan, Plaintiff Ramon Toledo(who often goes by Ramon Alberto Toledo and Ramon Toledo Arnaiz, among several other aliases) issued several complaints via counsel and threats of greenmail against Lenny Rachitsky - the CEO - and Mr. Bibiyan(never an officer nor director). Stating primarily that, if the Company were not immediately sold, that a lawsuit would soon commence. Having signed and notarized a settlement agreement, Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .



"Let's end this non-sense" Mr. Bibiyan continued , "I am sincerely extending an offer to meet with me in person  for an open forum public debate regarding the transgressions and losses seen by the shareholders at the hands of Mr. Toledo over the last several years. I'm absolutely positive shareholders have grown tired of Mr. Toledo hiding behind his Personal Computer and his counsel in such a cowardly, undignified fashion all these years. All shareholders will be welcome to attend to ask questions of us at the place of Mr. Toledo's choosing. I mean look, he says that 'Busca Corp is unaffiliated' - that is a complete lie; 'Busca' translates to 'Search' in Spanish, this corrupt corporation can't hide it's deceptive ways forever. How can someone constantly insult the intelligence of shareholders like this? Further, and perhaps more to the point, his prepared statement was devoid of any genuine eloquence whatsoever.  Believe me, the man does not know words like 'egregious'. He not only owes me an apology, but the shareholders of the company he so recklessly ruined with his disregard for fiduciary duty and responsibilities."


This report was posted on Ripoff Report on 10/05/2010 01:29 AM and is a permanent record located here: http://www.ripoffreport.com/r/Busca-Corp/internet/Busca-Corp-SearchGuycom-INMUEBLES-levelup-metatube-buscatodo-deporte-la-jolla-Inter-647654. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Author of original report

Sabine Schudel La Jolla

AUTHOR: Carlos Escalante - (USA)

http://docs.justia.com/cases/federal/district-courts/florida/flsdce/0:2007cv60341/291576/62/0.pdf

THIS CAUSE is before the Court upon the separately entered order granting Plaintiff United States of America’s Motion for Summary Judgment Against RamonToledo.  It is thereupon ORDERED AND ADJUDGED that Judgment is hereby enteredon behalf of the United States of America and against Ramon Toledo, as follows:1. Ramon Toledo is indebted to the United States for his unpaid 1990, 1992, 1999,2000 and 2001 federal income tax liabilities in the amount of $65,210.97 as ofApril 15, 2010, plus statutory additions for each day subsequent to April 15,2010 until today’s date, plus interest accruing from the date of judgment until thejudgment is paid in full;2. The federal tax liens for Ramon Toledo’s 1990, 1991, 1992, 1993, 1994, 1997,1998, 1999, 2000 and 2001 tax liabilities, totaling $349,567.39 as of April 15,2010, attach to the subject property which is located at 17856 NW 15th Court,Pembroke Pines, Florida 33029;
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#2 Author of original report

Thomas Bibiyan responds to false and defamatory press release issued by Ramon Toledo

AUTHOR: Carlos Escalante - (United States of America)

Thomas Bibiyan responds to false and defamatory press release issued by Ramon Toledo

Ramon Toledo recently issued press regarding a default judgment found by the courts in his favor for an excess of twelve million dollars. Sadly, no one has informed Mr. Toledo that receiving a default judgment does not necessarily prove and determine guilt on an issue. In this case, an ordinary deposition was missed due to a documented and unfortunate illness, and the case simply and automatically went into default the next day.

 

There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court. Not one single modicum of evidence, neither public nor private, can be found to implicate Mr. Bibiyan in the false allegations set forth by the frivolous case. He is a victim of blatant malicious prosecution.

 

Thomas Bibiyan -- all of 28 years of age -- is a known philanthropist and executive producer, having donated hundreds of thousands of dollars in aggregate to the arts and charitable foundations across the country(including the Red Cross and Chabad of California & New York, which remain his favorite causes). When asked for comment, the self-made entrepreneur stated thus:

 

"If someone sues you for looking at them funny, and you happen to be away and do not respond promptly, the case automatically goes into default. As it happens, it was indeed I who wanted a jury trial, and not Ramon Toledo, as I would have been easily exonerated of the baseless charges by a group of my peers. Without question, an appeal will be filed, and a case for slander and causing unnecessary emotional distress will be the proper and timely response. In all fairness, it is probably advisable that Ramon Toledo rather focus his time and inheritance on his ongoing tax fraud case between himself and US government (Case No. 07-60341-CIV-COHN/Seltzer.) instead of using his malicious press releases as an unimaginative diversion. "

 

Prior to filing the civil suit against Mr. Bibiyan, Plaintiff Ramon Toledo (who often goes by Ramon Alberto Toledo and Ramon Toledo Arnaiz, among several other aliases) issued several complaints via counsel and threats of greenmail against Lenny Rachitsky - the CEO - and Mr. Bibiyan(never an officer nor director). Stating primarily that, if the Company were not immediately sold, that a lawsuit would soon commence. Having signed and notarized a settlement agreement, Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .

 

"Let's end this non-sense" Mr. Bibiyan continued , "I am sincerely extending an offer to meet with me in person for an open forum public debate regarding the transgressions and losses seen by the shareholders at the hands of Mr. Toledo over the last several years. I'm absolutely positive shareholders have grown tired of Mr. Toledo hiding behind his Personal Computer and his counsel in such a cowardly, undignified fashion all these years. All shareholders will be welcome to attend to ask questions of us at the place of Mr. Toledo's choosing. I mean look, he says that 'Busca Corp is unaffiliated' - that is a complete lie; 'Busca' translates to 'Search' in Spanish, this corrupt corporation can't hide it's deceptive ways forever. How can someone constantly insult the intelligence of shareholders like this? Further, and perhaps more to the point, his prepared statement was devoid of any genuine eloquence whatsoever. Believe me, the man does not know words like 'egregious'. He not only owes me an apology, but the shareholders of the company he so recklessly ruined with his disregard for fiduciary duty and responsibilities."

 

When asked for any additional comment, Thomas Bibiyan said, in closing:

 

"But I digress, to be completely frank, I am at times flattered by his ongoing fascination with me, even though it has become somewhat of a smear campaign as of late. Anger can do strange things to people. Let me be clear on one final concession though: My clandestine affair with Sabine Schudel from the fall of 2006 through the summer of 2008 was, and still is, very regrettable. It was a terrible mistake. It is not something I am proud of, nor defending in any way, shape, or form. However, it certainly should not be made the grounds for a vacuous case. In the end, however, I am of the opinion that only God may truly be my judge."

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