- Report: #941199
Report - Rebuttal - Arbitrate
Complaint Review: George Tsoukas
George TsoukasInternet United States of America
George Tsoukas Georrge Tsoukas is the involved with ICBS a well known pink sheet pump and dump stock Internet
The SEC recently launched and enforcement action against EDWARD BRONSON and E-LIONHEART ASSOCIATES, LLC, d/b/a FAIRHILLS CAPITAL.
You can it on this link:
ICBS (www.icbs.ca) was featured as the primary example of the mechanics of illegal stock distribution. If you see 25-29 on the link you will see million were lost on ICBS stock but nothing has happened to ICBS.
ICBS operates in the Montreal region. This is not the first time that the insiders of ICBS have made money off unsuspecting investors. George Tsoukas is not a novice when it comes to penny stocks.
George Tsoukas Chairman of the board of ICBS
George Tsoukas Making Valuation Calls on ICBS in the Press (Based on what ?)
Made an announcement that he planned to divest Ramapo Brewery (August 5, 2009)
Supposedly had an offer to buy the brewery for $3.5 million (April 16, 2007) but they
turned it down. This offer was never voted on by shareholders. ICBS got nothing
for their stake.
Tsoukas is still Chairman of the Board of ICBS board as of 2011
ICBS is located @ 1376 Perrot Blvd ; Ile Perrot (QC) J7V 7P2
This is a residential area.
This is not the first time ICBS was promoted through an RTO
Tsoukas was involved with the Businessway shell from day one and he was the Chair of ICBS.
This was not disclosed. It is a total conflict of interest.
BusinessWay (BITL (OTCBB)) was originally GlobalHealthNetCare and George Tsoukas was the
In this document GBCR went from 1000 shares issued and out to 50,000,000. Then the company was changed to BusinessWay and the issued and out was increased from 100,000 to 40 million shares
The original deal for the RTO gave over 9 million shares to Tsoukas and his cohorts.
Tsoukas was soon sued by another doctor in Montreal after failing to pay him the 200,000 shares he was owed.
Both GlobalHealthNetCare and BusinesswWay were pumped an dumped with Tsoukas at the head.
He took his experience with pump and dumps to ICBS. The pump and dump on ICBS has been consistent. It has gone from $2.00 to .0002 since the day it was listed.
The authorized share count has been increased by ICBS to 1 Billion (just recently).These are not the only 3 times that Tsoukas has presided over a pump and dump George Tsoukas was the Chairman of the BOD of Millenia Hope
While he was @ Millenia he swapped share of Millenia to a company which was not yet public.(5 million shares @ $1.50). His brother Dr. Chris Tsoukas was a director of the company. (This is a total conflict).
The AMF has serious issues with Millenia Hope (MLHP).
Tsoukas worked with Jacky Quan @ Millenia Hope.
Jacky Quan is under investigation by the AMF and the RCMP ttp://www.rcmp-grc.gc.ca/qc/nouv-news/com-rel/2011/02/110215-eng.htm
More Details on Tsoukass dealings and how investors lost HUGE money On May 29,2000 Millenia Hope bought control of Sword Comp-Soft for 5,000,000 common shares of Millenia (valued @ $1.50)
May 31, 2000
The stock of Millenia Hope was $10.49 (post r/s)
April 30th, 2000 The stock of Millenia Hope was$10.14 (post r/s). George Tsoukas became Chairman on April 19, 2000.
This means that just over a month after became Chairman of Millenia Hope; George Tsoukas gave $7,500,000 of Millenia hope stock to the insiders of Sword-Comp Soft (his brother Chris Tsoukas was one of those insiders)
Sword Comp-Soft became Global Biotech Corp Global Biotech Corp now trades (under the symbol GBIQ) onthe pinksheets. The last trade was @.008.
Millenia Hope now trades on the pinksheets @ .0006 under thesymbol MLHI. This means stock that wasvalued at just over $10.00 when it was given to Chris Troukas now trades @.0016.
The stock that George Tsoukas got in return for his $7.5 million investment now trades @.008.
These constitute total losses in excess of 99% and in yet both Tsoukas brothers made a fortune.
This report was posted on Ripoff Report on 09/14/2012 11:50 AM and is a permanent record located here: http://www.ripoffreport.com/r/George-Tsoukas/internet/George-Tsoukas-Georrge-Tsoukas-is-the-involved-with-ICBS-a-well-known-pink-sheet-pump-and-941199. 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.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.
- Business's (11)
- Lawyers and Law Firms (5312)
- Administrative Law (11)
- Admiralty & Maritime Law (27)
- Agricultural Law (2)
- Alternative Dispute Resolution (10)
- Antitrust & Trade Regulation (1)
- Appellate Practice (72)
- Aviation & Aerospace (11)
- Banking Law (90)
- Bankruptcy (380)
- Business Law (232)
- Civil Rights (55)
- Class Actions (30)
- Commercial Law (13)
- Communications Law (1)
- Constitutional Law (1)
- Construction Law (83)
- Contracts (7)
- Corporate Law (75)
- Criminal Law (668)
- Debtor & Creditor (51)
- Education Law (14)
- Elder Law (77)
- ElectionCampaign & Political (0)
- Eminent Domain (5)
- Employee Benefits (7)
- Energy (0)
- Entertainment & Sports (17)
- Environmental Law (43)
- Family Law (13)
- Finance (0)
- Government (14)
- Government Contracts (2)
- Health Care (1)
- Immigration (482)
- Indians & Native Populations (1)
- Insurance (90)
- Intellectual Property (526)
- International Law (33)
- International Trade (0)
- Internet Law (7)
- Investments (1)
- Labor & Employment (12)
- Legal Malpractice (92)
- Litigation (20)
- Media Law (1)
- Medical Malpractice (13)
- Mergers & Acquisitions (0)
- Military Law (5)
- Natural Resources (10)
- Occupational Safety & Health (0)
- Personal Injury (842)
- Products Liability (21)
- Professional Liability (0)
- Real Estate (361)
- Securities (169)
- Taxation (142)
- Technology & Science (0)
- Toxic Torts (0)
- Transportation (2)
- Trusts & Estates (368)
- White Collar Crime (1)
- Wills & Probate (7)
- Workers Compensation (242)
- Zoning, Planning & Land Use (10)
- Legal Services (32)
- Arbitrators/Mediators (7)
- Automotive Expert Witnesses (0)
- Bail Bonds (0)
- Court Reporters (1)
- Electronic Data Discovery (1)
- Expert Witnesses (1)
- Forensic Experts (1)
- Jury Selection (0)
- Legal Assistants (8)
- Legal Speakers (2)
- Litigation Support (2)
- Medical Expert Witnesses (1)
- Other (14)
- Paralegal (5)
- Private Investigators (6)
- Process Servers (7)
- Translators/Interpreters (0)
- Miscellaneous Business Services (19)