• Report: #941199
Complaint Review:

George Tsoukas

  • Submitted: Fri, September 14, 2012
  • Updated: Fri, September 14, 2012

  • Reported By: ICBSBS — Montreal Quebec Canada
George Tsoukas
Internet United States of America

George Tsoukas Georrge Tsoukas is the involved with ICBS a well known pink sheet pump and dump stock Internet

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Well connected Montreal doctor at the center of penny stock scam What are the SEC and AMF going to do about it?
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

As per:


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/reports/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.

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