| Phil Zobrist |
| Phil Zobrist Mike Parks-Russell Pike Stock Scam,Selling fraudulant Stocks, covering up for Russell Craig Pike Salt Lake, Utah |
| 1st of Jun, 2011 by User851131 |
| Phil is a accompliss of Russell C Pike in de-frauding family and friends out of millions |
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| This is Bogus baloney and comes from "Scott Ashjian" he has been ripping off people in Las Vegas for years and now that this group is pursuing him for defrauding them out of Millions he is attempting to smear all of them! It is a real shame that people can post bogus stuff about others on this and other sites without any proof that their claim has validity Soon Mr Scott Ashjian will be in a legal battle that will finally put him where he belongs! His bogus campaign to run for Nevada Senator will finally be exposed for what it was and he will be outed by the many people that he has fraudulently stolen millions from. |
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The real stuff on this poster Ashjian!
Complaint Review: Scott Ashjian FRAUD, Bonnie Ashjian SCAM, Jon Scott Ashjian CON MAN
Featured Ripoff Reports
Set the record straight!
Jon Scott Ashjian, Scott Ashjian, Bonnie Ashjian.
Scott Ashjian, Ashjian Development LLC.
Scott Ashjian is a Con Man. WHO BREACHES HIS CONTRACTS!..
He steals from his from friends and family.
How do you like the default judgement!!! 4/18/2011
PAY UP I WANT MY MONEY IM COMING TO GET IT YOU LYING CHEATING SCUM BAG! |
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FOUNDER OF ENERGY DRINK COMPANY CHARGED WITH TAX EVASION
LAS VEGAS - - The former CEO of a Nevada sports energy drink company, Xyience, Inc., has been indicted by the Federal Grand Jury on tax evasion charges, announced Greg Brower, United States Attorney for the District of Nevada.
Russell Pike, of Las Vegas, is charged with one count of Tax Evasion for failing to file a federal individual income tax return for 2006 and failing to pay taxes on over $6.9 million in income he earned in 2006. Pike is also charged with using nominees and a forward-dated stock sale agreement to conceal his true income from the IRS. Pike was arrested yesterday in Las Vegas and is scheduled to appear in U.S. District Court at 3:00 p.m. today before U.S. Magistrate Judge Peggy A. Leen for an initial appearance and arraignment.
Pike founded Xyience, Inc., which manufactured, marketed and sold sports energy drinks, most notably, Xenergy, which was sold in over 45, 000 stores throughout the United States. The Indictment alleges that upon the inception of Xyience in 2004, Pike received at least 12 million shares of Xyience stock. During 2006, Pike sold over 4.4 million shares of his Xyience stock for approximately $6.9 million. This includes a sale on about November 2, 2006, in which Pike sold over 3 million shares of Xyience stock to an investor for approximately $5 million. In early 2007, Pike requested that the investor change the date of the stock purchase agreement from 2006 to 2007, so that Pike could avoid paying taxes for 2006.
In June 2006, Pike listed his income as $100, 000 plus on a brokerage account application. In July 2007, Pike listed his assets as $27 million and his liabilities as $2 million on a life insurance application. In September and November 2006, Pike purchased a condominium in Las Vegas which was titled in the name of a nominee, made payments on a 2005 Lexus SUV that was held in the name of a nominee, and purchased a 2007 Mercedes Benz for $151, 614.
If convicted, Pike faces up to five years in prison and a $250, 000 fine.
The case is being investigated by Internal Revenue Service Criminal Investigation and is being prosecuted by Assistant United States Attorney Nicholas D. Dickinson.
The public is reminded that a Indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt. |
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Mathon fraud settlement OK'd
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Posted: Thursday, June 22, 2006 11:00 pm | Updated: 10:58 am, Wed Mar 10, 2010.
Tribune | 0 comments
The Arizona Corporation Commission unanimously approved a settlement of the Mathon Management investment fraud case Thursday, saying it was in the best interests of 147 investors who are owed $76.4 million.
Representatives of investors said they believe the agreement, reached by attorneys for all of the parties in the case, is the best deal they could get.
Under the terms, Duane Slade and Guy Williams, principals in Mesa-based Mathon Management, agreed to contribute between $6 million and $8 million of their personal assets to repay investors as well as pay a $750, 000 fine to Arizona, which will come from their future earnings.
At a hearing on the settlement Thursday before the commissioners, conservator James Sell said he has been able to recover an additional $16 million in Mathon assets through bankruptcy court proceedings so far. He said he could have $45 million to $50 million in hand by this fall, and further recoveries are possible from third parties such as accountants and attorneys involved in the case.
"My goal is to recover 100 percent, " he said. "I believe that's achievable."
To be implemented, the agreement still must be approved by 90 percent of the investors, as measured by the value of their investments. It also must be approved by the U.S. Bankruptcy Court Judge George B. Nielsen Jr. and Maricopa County Superior Court Judge Barry Schneider.
Phil Zobrist, chairman of a committee representing investors in the bankruptcy proceedings, said he believes most of the investors will support the settlement.
He said four meetings are planned with investors to explain the terms.
"I believe investors will be more interested in getting their money back than in pursuing Mr. Slade and Mr. Williams, " he said.
Investors could start receiving payments 30 days after the bankruptcy court approves the reorganization plan, which could be this fall, said Larry Wilk, attorney for the conservator.
No distributions have been made yet because the case is in Chapter 11.
Two Mathon funds and more than 50 other entities managed by Slade and Williams were closed in April 2005 after investigators for the corporation commission's Securities Division concluded they were operating a Ponzi scheme. They charged the managers were repaying earlier investors from money raised from later investors who were promised lavish returns if they put their money in the Mathon funds.
The Securities Division also alleged that Slade, 35, and Williams, 34, were engaged in religious affinity fraud, attracting investments from fellow members of The Church of Jesus Christ of Latter-day Saints who trusted them with their money.
Slade and Williams denied the charges, saying they operated a legitimate business that used investors' money to make make high interest, short-term loans to borrowers, many of them real estate developers, who needed quick cash. In the settlement, Slade and Williams do not admit any of the commission's allegations. Their attorneys said they are prepared to argue their case in a Superior Court trial if the settlement falls through.
The commissioners said they voted in favor of the settlement to move the case forward and speed up repayment to investors. "Allowing this case to drag on is not in the best interest of investors, " said commissioner Kris Mayes.
Commissioner Mike Gleason thanked Slade and Williams, who attended Thursday's hearing, for cooperating in the recovery of assets. Chairman Jeff Hatch-Miller said the pair apparently started the funds with good intentions, "but good intentions don't mean that people don't lose their life savings."
He said the settlement strikes a balance between getting some money back to investors quickly versus holding out for more, but having to wait a long time to get it.
Grant Woods, attorney for Slade and Williams, said the extent of his clients' cooperation with authorities has been unusual for such cases.
"They totally contest the action taken by the state, but to focus on that would have said that they were looking out for themselves and not for the investors, " Woods said. "They have focused on a maximum return for investors." |
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PHIL IS ALWAYS SCIMMING SOMEONE!!
Paragraph 23d: The proceeds of Plaintiffs’ investments would be applied to the three
development projects. Plaintiffs have properly alleged that this statement was false or materially
misleading. Plaintiffs allege that they “never received any interest in the Three Developments
and no progress was made on construction of any of the Plaintiffs’ investments.” They also
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allege that “Phil Zobrist, and other investors with ties to [Mr.] Malouf, were paid substantial
amounts of money by [Mr.] Malouf shortly after [Mr.] Malouf received the funds.” Although
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Plaintiffs do not list their source for this information, the facts alleged are sufficiently plausible, |
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Mr Flynn
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Scott Ashjian to Brooke
show details 11:42 PM (7 hours ago)
Inmate In-Custody Status
ID Name Age Race Sex
Case Charge Status
Related Case Arrest Date Detainer Cash Bail Surety Bail
Housing Sched Department Sched Action Sched Date Sched Time
01559668 FLYNN, DAVID M 39 White Male
11F11633X ROBBERY WITH A DEADLY WEAPON Active
6/29/2011 N $0.00 $0.00
Call (702) 671-5700 12 48 HOUR HEARING 7/1/2011 7:30 AM
Searched On
 Defendant's ID:
 Defendant's Case No: 11F11633X
Records Found: 1 |
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Energy drink company founder charged with tax evasion
By Mary Manning
Published Wednesday, April 15, 2009 | 10:36 a.m.
Updated Wednesday, April 15, 2009 | 12:59 p.m.
Beyond the Sun
Xyience
A former CEO of a Nevada sports energy drink company was indicted today by a federal grand jury in Las Vegas on tax evasion charges.
Russell Pike of Las Vegas is charged with one count of tax evasion for failing to file a federal individual income tax return for 2006 and failing to pay taxes on more than $6.9 million in income he earned in 2006, said U.S. Attorney Greg Brower of Nevada.
Pike is also charged with using nominees and a forward-dated stock sale agreement to conceal his true income from the IRS, Brower said.
Pike was arrested Tuesday in Las Vegas and is scheduled to appear in U.S. District Court today before U.S. Magistrate Judge Peggy A. Leen for an initial appearance and arraignment.
Pike founded Xyience, Inc., which made, marketed and sold sports energy drinks, most notably Xenergy, which was sold to more than 45, 000 stores throughout the United States, according to the indictment.
Since Xyience started in 2004, , Pike received at least 12 million shares of Xyience stock, the indictment alleges. During 2006 Pike sold more than 4.4 million shares of his Xyience stock for about $6.9 million. This includes a sale on Nov. 2, 2006 in which Pike sold more than 3 million shares of Xyience stock to an investor for about $5 million, the indictment said.
In early 2007 Pike asked that the investor change the date of the stock purchase agreement from 2006 to 2007, so that Pike could avoid paying taxes for 2006.
In June 2006 Pike listed his income as $100, 000-plus on a brokerage account application. In July 2007 Pike listed his assets as $27 million and his liabilities as $2 million on a life insurance application, the indictment alleges.
In September and November of 2006, Pike bought a condominium in Las Vegas, which was titled in the name of a nominee, made payments on a 2005 Lexus SUV that was held in the name of a nominee, and purchased a 2007 Mercedes Benz for $151, 614.
If convicted, Pike faces up to five years in prison and a $250, 000 fine.
Pike is a convicted felon who pleaded guilty to grand theft and forgery in California in 1987. He also pleaded guilty to money laundering in 1999.
Pike also had a default judgment in a civil suit filed against him by The Mirage after he wrote $300, 000 in back checks over two days in 1995. He was found at fault.
The case is being investigated by the Internal Revenue Service's criminal investigation division and is being prosecuted by Assistant U.S. Attorney Nicholas D. Dickinson. |
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| Read Las Vegas Sun Articles for yourself. Advance Cart Technologies, Bad Checks to Mirage 300, 000.00, Money Laundering, Aiding and abeding, Ceast and Desist, Tax Evasion, Felon, Multible Convictions etc. His record speaks it'ts self, The list is to long to write Google it your self. |
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