Voobon Ventures Inc. COIM, VooBiz, Explore Studios, HostBit, Mark Shariar, Jessica Hawk, Israel Jacobs, Katie Fargo Files Chapter 11 which means they intend to continue operations while discharging as much debt as possible, Internet

The company has filed Chapter 11 as of August 2, 2012. 

With Chapter 11 bankruptcy, the owner reorganizes the business so it can gain relief from creditors. Then the owner, with the help of the court and its creditors, comes up with a strategy to pay its debts. Sometimes the judge even reduces the debt. In Chapter 11 bankruptcy, the business continues to run. The intent is to help the company make a new start.  Click here For more information about Chapter 11

It is important that all injured parties (companies and individuals who have been scammed by Voobon Ventures, Mark Shariar, Jessica Hawk, and associates) report their experience and provide proof of what is owed to them by Voobon Ventures.  The following link is the public announcement that provides the case number, contact information for the bankruptcy court handling the case and other useful information.  If everyone that has been scammed by this company reports and provide documents and other proof of these scandals, this court and its officials will have to escalate this matter to the authorities that may deem it necessary to prosecute them for criminal misconduct. 

Every attorney and judge are bound by their oath of service to report criminal activity to the proper authorities. They can only uphold their oath if they are aware that criminal activity exists. This may prevent Voobon Ventures, Mark Shariar and Associates from continuing to rip-off unsuspecting business owners and entrepreneurs. 

The concept of Free-Enterprise in America does not support and was not intended to include scammers and unethical practices within the business sector. Although these elements often seem to go with the territory,  each time "We, the people" stand up to these bullies and put an end to their tyranny, then we, as a nation and as nations help further the true intent of Free- Enterprise.

Click on this link to see the bankruptcy filing information and The court contact information:

Court's Name Northern District of Georgia
Court's Address U.S. Bankruptcy Court, Northern District of Georgia (For Division Office address information call 404-215-1000, and press 8.)
Court's Phone Number (404) 215-1000
Court's Hours 8:00 a.m. - 4:00 p.m.