$MRGE $ACCA $ANDI $KOSK Four stocks affected by this pump & dump. The wheels of justice move slowly, but eventually the hoovered up data is processed and the day of judgment comes...
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26332?utm_medium=email&utm_source=govdelivery
$ACCA
No additional facts/news on the matter.
At this time, there has been motion submitted to unseal the case back on 9/23 that are finally in the case log. But I am unable to see the details. Anyone else able to?
5 MOTION to Unseal Case by USA as to Jeffrey Bearden. (kmts, Deputy Clerk)
6 ORDER granting5 Motion to Unseal Case as to Jeffrey Bearden (1). Signed by Magistrate Judge Thomas M. DiGirolamo on 9/23/2021. (kmts, Deputy Clerk)
https://www.pacermonitor.com/public/case/41978686/USA_v_JEFFREY_BEARDEN
Also, there is no new case logs on Jeff's other case with former Acembly owners.
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
So, there will probably be a long wait till we hear the outcome of this story.
$ACCA Well, as discovered, it looks like Jeff is only focusing his efforts on his Synrgy (SNGY) shell and getting that fixed up. But I am curious as to why considering his current federal legal troubles and the debt that SNGY is carrying with no income at all.
But for those wanting to look into the details of the SNGY shell.
https://investorshub.advfn.com/Synrgy-Corp-SNGY-36834/
$ACCA
Unless there was a hidden partner, here is the end to Jeff Bearden /ACCA/B&D/Synrgy/Acembly.
On Sept. 22, 2021 the complaint was signed and it was unsealed when Bearden was arrested on Sept. 23.
https://www.localdvm.com/news/maryland/hagerstown/hagerstown-man-facing-federal-criminal-complaint-and-arrested-over-alleged-ppp-fraud/
As pointed out in my earlier post, the PPP loans didn't make sense in the claimed details. And sadly I was right.
What is really weird, is the arrest is only on B&D PPP loans and not the others (Synrgy or Acembly). Maybe those will be follow-ups.
We also get a reason for the money coming from different bank accounts for the buying of Acembly. That B&D account having a really high negative balance.
@Longalpha $ACCA
In the next day or 2, the court case should give a pretty eye opening aspect on how bad things are going for Jeff. Will probably enlighten to why Jeff cannot/will not do anything with ACCA sadly.
$ACCA
Buyers should be aware of what is going on around Jeff (Acembly court case) and also the SEC rule changes going into final deadline.
Just try not to be the final guy in the field alone unless you are willing to take it as a tax loss. I honestly do not think there is any kind of chance of a surprise ending for anyone holding this stock from what we know with Jeff's other legal matters going on.
$ACCA
Just to post Jeff's court case info here as talked about on ihub. Again, not ACCA directly, but gives insight on lack of possibilities potentially coming to ACCA.
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
*Both parties are ordered to file simultaneous briefs regarding alter ego by September 15, 2021.
*Simultaneous oppositions are due no later than September 27, 2021.
*A hearing on the matter is set for October 4, 2021 at 1:30 p.m.
*A further pretrial conference on October 25, 2021 at 3:00 p.m.
*The jury trial is continued to November 9, 2021 at 9:00 a.m., with The
Hopefully, the briefs by both sides and their rebuttals will be the long awaited inside info we have been looking for. Should be very enlightening and show how bad the situation is around Jeff.
Some other key dates to be aware of.
*June 30, 2021 – Deadline for issuers to provide required disclosures.
*September 28, 2021 – Rules compliance date. Disclosure failure will result in removal from Pink Market.
https://ibkr.info/article/3956
$ACCA
While not ACCA directly yet, just wanted to give a heads up to the fact that Jeff has filed for bankruptcy with 2 of his other companies (Acembly and SNGY). It was announced in Jeff's court case with old owners of Acembly.
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
So, this points to Jeff having extreme difficulties financially and potentially not able to get ACCA moving. Or at least at the very minimum, ACCA will not have SNGY/Acembly going under as a holding. Keep in mind that Acembly was the only entity that we knew of having any kind of income. The rest were defunct failed companies or empty shells as far as we could tell.
@Longalpha $ACCA
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
As the court case is showing today, appears to be no change of things as the court case looks to be proceeding. Pre-trial still on for Monday. It will be interesting to see what the result of that would be.
$ACCA Would be interesting to see what the settlement exactly is that was reached with the plaintiffs. Considering the drop in PPS, can only assume people do not see anything happening with either of Jeff's Shells or know that large amount of shares are going to be issued to pay for Jeff's mistakes.
Now time to watch the shells wither into the SEC deadline and be removed from the market.
