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Report: #222000

Complaint Review: Amazing Technologies Corp - Newport Beach California

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  • Reported By: Yeronga Qld Other
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  • Amazing Technologies Corp 23 Corporate Plaza Newport Beach, California U.S.A.

Amazing Technologies Corp Fraudulent share trading, theft, and dishonest use of courts to commit extortion Newport Beach California

*REBUTTAL Individual responds: Correcting the untruths

*UPDATE EX-employee responds: US$50,000,000 Defamation Judgement against Lorraine Cobcroft granted in Federal Court in California

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Amazing Technologies Corp purchased software intellectual property from our Australian company for payment in shares and royalties. After taking possession, declaring the shares issued, advertising acquisition in the global press, claiming ownership publicly, and using our expert technical knowledge for 5 months (until it acquired ALL of our trade secrets), it simply canceled the issued shares, refused all payment, but continued to claim ownership of the software intellectual property. This cancellation was followed by an unbelievable barrage of blatant and provable lies that evidence thorougly dihonest practices in all aspects of Amazing's business - lying to the public, investors, shareholders, business partners, etc. Amazing Tecnologies appears to be run by people who have absolutely no respect for truth, justice, or ethics.

In an attempt to force us to be silent about its theft of a multi-million dollar IP asset and our livelihood, breach of copyright, and serious interference with our business, Amazing launched a provably dishonest law suit in the California courts (which it knew had no proper jurisdiction) openly stating malicious intent and demanding we withdraw all complaint and objection in order to get them to drop the suit. Their unverified claim is the most incredible litany of blatant lies imaginable, and was openly stated to be malicious.

Every request for discussion, aribtration or other alternate dispute resolution process, or contest in the Australian courts (which have proper jurisdiction in the matter) was aggressively rejected with boasts about Amazing's financial superiority and statements that its revenues were the sole determinant of rights. This company has no respect for truth or law.

Amazing's chairman also responded to complaints from a shareholder who was misled into buying shares by telling him he was a "moron" and the company was not regulated by the SEC.

The extent of the dishonesty of this company is truly "AMAZING"! Anyone tempted to do business is invited to contact inteRAD Technology Global Ltd. in Australia and request copies of documentary evidence of Amazing's conduct.

Americans with pride and integrity should be thoroughly appalled at the damage this company is doing to the reputation of Americans abroad. While the US Government boasts "serious concern" for the protection of intellectual property rights, this US Corporation not only claims the right to steal IP and the livelihood of honest people, but then lies to the courts - proudly boasting that its revenues dictate its rights and the law is irrelevant, and that it is not obligated to comply with any regulation or law.

And the Chairman thinks it is amusing to insult and abuse both shareholders and business partners whom his company has knowingly defrauded! His emails read as though written by an immature schoolyard bully - not an officer of a public company. Anyone who has dealings with Amazing should distance themselves immediately. In mails to to a foreign public company that Amazing defrauded of millions, its Chairman calls the CEO "stupid", "delusional", "foolhardy", and "self-destructive". Why? Because that CEO dared to suggest that Amazing should act responsibly, ethically, and in accordance with law - and if its officers thought that they were acting within legal rights, they would consent to proper independent determination, not misuse the US courts to commit extortion!

We continue to invite appopriate response to our request for honest and proper resolution, but Amazing would never want that because it would expose their unconscionable lies and disgraceful abuse of the law.

Lorraine
Yeronga Qld
Australia

This report was posted on Ripoff Report on 11/24/2006 05:55 AM and is a permanent record located here: https://www.ripoffreport.com/reports/amazing-technologies-corp/newport-beach-california-92660/amazing-technologies-corp-fraudulent-share-trading-theft-and-dishonest-use-of-courts-to-222000. 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. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
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#2 REBUTTAL Individual responds

Correcting the untruths

AUTHOR: inteRAD - (Australia)

POSTED: Sunday, July 03, 2011

Readers tempted to believe the nonsense sprouted by the former executive of Amazing Technologies should check California Court records.  The proof is documented.  His fraudulent lawsuit claiming "defamation" was dismissed on the basis of lack of jurisdiction.  The case was never heard and there was certainly never a judgement against me (Lorraine Cobcroft). Check the records for yourself.
A report to an accountant conducting investigations to support an IPO or stock market listing is no more 'defamation' than a report to police.  It's a public service to protect investors.  And if the report had no substance, Amazing could have proceeded with their listing because all they had to do was evidence that it had no substance. They couldn't, because it did.
There are multiple misrepresentations in the nonsense published by this former executive, but they really aren't worth responding to.  History speaks for itself. They couldn't proceed with their fund raising and business because they couldn't satisfy the global requirement to evidence their bona fides. The complaint by inteRAD was valid and substantiated, otherwise they would have proceeded with a legal claim in Australia (the proper jurisdiction) and proved their case.  They didn't challenge inteRAD or me in Australia because they had no case.  And Californian judges quite rightly declined to hear their claims because they recognised Californian courts had no jurisdiction in relation to a deal done between Australians in Australia.

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#1 UPDATE EX-employee responds

US$50,000,000 Defamation Judgement against Lorraine Cobcroft granted in Federal Court in California

AUTHOR: hallywood - (United States of America)

POSTED: Wednesday, August 04, 2010

Managment of my former company and I were victims of this unstable womans rants targeting service providers and regulators of ours including the FSA in the UK and SEC in the US, where all of her claims were dismissed without incident.


One of the dangers of the ubiquity offered by the interent is that anyone can make outragious claims at the click of a mouse, regardless of the baseless nature of said claims.


In testimony provided in Federal Court, we acknoledged that we were potentially interested in acquiring some IP her company purported to own and we initially offered a grand total of  50,000 of our Common shares which were valued at US$3.00 per share at that time. The aggregate price was US$150,000 and not the millions she went on to baslessly claim.


The Company decided to cancel the transaction it was unable to: (a) establish a clear title to the IP (the womans company was in receivership/liquidation in Australia) and (b) identify any code that had actually been developed beyond a demo and powerpoint.


The woman had been paranoid throughout the evaluation process and when she initially visited our offices in California to entice us to look at her software, she claimed she was going to be bigger than Microsoft and that she had turned down and offer of hundreds of millions of dollars form Sun. That was enough for me and I removed myself from the process but my President at the time who was Australian continued to humor her.


The only access we had to software was on a laptop (we provided) that was in her son's possesion 100% of the time. We were actually forced to hire her son to review the code.


We promptly invoked a clause allowing us to cancel (after less than 30 days) our agreement and her Son promptly stole the hard drive from the laptop that had been provided to him. He was reported to the local authorities, although we choose not to press charges when he replaced the hard drive with a new one.


The Company was deploying a buy and build software and had already acquired over US$50,000,000 of IP and went on to acquire businesses worth hundreds of millions of dollars in 33 countries around the world. The proposed purchase of her alleged IP was a rounding error on our balance sheet.


An investigator produced evidence that the woman had a long history of portraying herself as a professional victim and had a habit of targeting various large companies and institutions in Australia.


As a dircect result and in order to protect our interests and reputations, we filed multiple claims that included defamation against her in Federal Court and were granted a US$50,000,000 judgement against her. The judge specifically ordered her to cease and desist her destructive behaviour and I am informing you that her missive posted on your site, which I have just recently stumbled across, was submitted AFTER the judgement against her was granted and you appear to be aiding and abetting her ongoing defamation.


I would like to respectfully request that you remove her baseless claims immediately.


Ms Cobcroft appears to have raised several million dollars from unwiting investors in Australia and the money raised most certainly was not reflected in the IP that our staff attempted to review in Australia. She seems to have concluded that this basless story she has concocted has given her cover for her investors missing millions.


Please judge you actions accordingly and thank you in advance for your anticipated cooperation in deleting her baseless nonsense once and for all.


Yours Truly,


Former Chairman and CEO of Amazing

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