WASHINGTON – The principal of a Costa Rican brokerage firm and a Las Vegas stock promoter were each convicted yesterday in the Southern District of Florida of all charges for their roles in a stock manipulation scheme that defrauded investors, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Chief Postal Inspector Guy Cottrell of the U.S. Postal Inspection Service (USPIS) and James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office.

Jonathan Curshen, 47, the principal of Red Sea Management and Sentry Global Securities, two companies located in San Jose, Costa Rica, that provided offshore accounts and facilitated trading in penny stocks, was found guilty of conspiracy to commit securities fraud, wire fraud and mail fraud; two counts of mail fraud; and conspiracy to commit international money laundering. Nathan Montgomery, 30, a Las Vegas stock promoter, was found guilty of conspiring to commit securities fraud and wire fraud.

The evidence at trial showed that in January and February 2007, Curshen, of Costa Rica and Sarasota, Fla., and Montgomery, of Las Vegas, were involved in a scheme to illegally manipulate the stock price of a company called CO2 Tech (ticker CTTD), which traded on the Pink Sheets, an inter-dealer electronic quotation and trading system.

Evidence at trial showed that Curshen’s and Montgomery’s co-conspirators controlled the outstanding shares of CO2 Tech, which were used in the stock manipulation scheme. Montgomery and his conspirators engaged in coordinated trades in conjunction with the issuance of false and misleading press releases that were designed to artificially inflate the price of CO2 Tech shares to make it appear that it had significant business prospects. According to these press releases, CO2 Tech purported to have a business relationship with Boeing to reduce polluting gases emitted from airplanes, when in fact CO2 Tech never had any business or relationship with Boeing.

According to the evidence at trial, Montgomery and his co-conspirators, Robert Weidenbaum, Timothy Barham Jr., Ryan Reynolds and others fraudulently “pumped” the market price and demand for CO2 Tech stock through these press releases and coordinated trades of shares of CO2 Tech stock in order to create the appearance of legitimate buying interest by legitimate investors. The evidence showed that as Montgomery and his conspirators pumped the price of the stock, Curshen and his conspirators facilitated the “dumping” of shares through the trading desk at Red Sea and Sentry Global Securities by selling the shares at the direction of their conspirators to the general investing public. The evidence showed that these shares, which became virtually worthless, were purchased by unsuspecting investors, including investors in the Southern District of Florida. The evidence showed that Montgomery, Weidenbaum, Reynolds and Barham were paid approximately $1 million in cash by their conspirators to participate in sham stock trades of CO2 Tech. The cash was delivered to Miami via a private jet from an airport outside New York.

The evidence further showed that, from approximately 2003 through 2008, Curshen operated Red Sea as a money laundering hub in Costa Rica that established bank accounts and brokerage accounts in the United States and Canada under false pretenses and through nominee owners. The evidence further showed that Curshen and his co-conspirators laundered the proceeds of the stock fraud from accounts in the United States to an account in Canada, all in an effort to conceal and disguise the nature and source of the proceeds.

At sentencing, Curshen faces a sentence of up to five years in prison on the conspiracy to defraud count, and up to 20 years on each count of mail fraud and money laundering conspiracy. Montgomery faces a sentence of up to five years for the conspiracy to defraud count. The defendants are scheduled to be sentenced by Judge Richard W. Goldberg on May 11, 2012.

Stock promoters Weidenbaum, Barham and Reynolds, who were also charged in this case, previously pleaded guilty to conspiring to commit securities fraud, wire fraud and mail fraud. They also will be sentenced by Judge Goldberg on May 9, 2012. Michael Simon Krome, a securities attorney from New York, who participated in the conspiracy and evaded federal securities registration requirements in order to provide co-conspirators with millions of unregistered and “free trading” shares of CO2 Tech that were used to execute the stock manipulation, also pleaded guilty to conspiring to commit securities fraud, mail fraud and wire fraud.

The case was investigated by the FBI’s Washington Field Office and the USPIS. The case is being prosecuted by Trial Attorneys N. Nathan Dimock and Rina Tucker Harris of the Fraud Section in the Justice Department’s Criminal Division. The U.S. Attorney’s Office for the Southern District of Florida provided significant assistance in this case. The Department of Justice acknowledges the significant assistance of the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC) in its investigation. The SEC has a pending parallel civil case. The Criminal Division’s Office of International Affairs and Costa Rican authorities also provided assistance.

This prosecution is part of efforts under way by the Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.

Don Cornelius, who with the creation of Soul Train helped break down racial barriers and broaden the reach of black culture with funky music, groovy dance steps and cutting edge style, died early Wednesday of an apparent suicide. He was 75.

Soul Train was one of the first U.S. shows to showcase African-Americans, and it introduced television audiences to such legendary artists as Aretha Franklin, Marvin Gaye and Barry White.

Officers responding to a report of a shooting found Cornelius at his Mulholland Drive home at around 4 a.m., police said. He was pronounced dead of a self-inflicted gunshot wound at 4:56 a.m. at Cedars-Sinai Medical Center, said Los Angeles County Assistant Chief Coroner Ed Winter.

“I am shocked and deeply saddened at the sudden passing of my friend, colleague, and business partner Don Cornelius,” said Quincy Jones. “Don was a visionary pioneer and a giant in our business. Before MTV there was Soul Train, that will be the great legacy of Don Cornelius. His contributions to television, music and our culture as a whole will never be matched. My heart goes out to Don’s family and loved ones.”

The Rev. Al Sharpton said he was shocked and grief-stricken.

“I have known him since I was19 years old and James Brown had me speak on Soul Train,” Sharpton said in a statement from New York. “He brought soul music and dance to the world in a way that it had never been shown and he was a cultural game changer on a global level.”
Soul Train began in 1970 in Chicago on WCIU-TV as a local program and aired nationally from 1971 to 2006.
It introduced television audiences to such legendary artists as Aretha Franklin, Marvin Gaye and Barry White and brought the best R&B, soul and later hip-hop acts to TV and had teenagers dance to them. It was one of the first shows to showcase African-Americans prominently, although the dance group was racially mixed. Cornelius was the first host and executive producer.
“There was not programming that targeted any particular ethnicity,” he said in 2006, then added: “I’m trying to use euphemisms here, trying to avoid saying there was no television for black folks, which they knew was for them.”
Soul Train, with its trademark opening of an animated chugging train, was not, however, an immediate success for Cornelius, an ex-disc jockey with a baritone rumble and cool manner.
Only a handful of stations initially were receptive.
“When we rolled it out, there were only eight takers,” he recalled in a 2006 interview with The Associated Press. “Which was somewhere between a little disappointing and a whole lot disappointing.”
The reasons he heard? “There was just, ‘We don’t want it. We pass,’” he said, with race going unmentioned. “No one was blatant enough to say that.”
Audience reaction and the high-powered talent the show attracted helped it spread. Over the years, Soul Train showcased some of R&B’s biggest stars, including Gaye and Brown, as well as crossover white artists. In later years, it featured rap stars, although Cornelius acknowledged that he was no fan of the genre or the racier dance moves that younger teens had embraced.
The show’s highlight was a dance line. Teens strutted and pranced their way between two lines of dancers awaiting their turn to show off. Over time, the dance line worked its way into American culture and is now an integral part of wedding receptions and parties.
Cornelius, who was inducted into the Broadcasting and Cable Hall of Fame in 1995 and has a star on the Hollywood Walk of Fame, said in 2006 he remained grateful to the musicians who made Soul Train the destination for the best and latest in black music.
“I figured as long as the music stayed hot and important and good, that there would always be a reason for Soul Train,” Cornelius said.
The series spawned a franchise that includes the Soul Train Music Awards, the Soul Train Lady of Soul Awards and the Soul Train Christmas Starfest.
Cornelius stepped down as Soul Train host in 1993. The awards returned to the air in 2009 after two-year hiatus. Last year’s awards were held on Nov. 27 in Atlanta, with Earth Wind & Fire receiving the “Legend Award.”
In his later years, Cornelius had a troubled marriage. In 2009, he was sentenced to three years’ probation after pleading no contest to misdemeanor spousal battery. In his divorce case that year, he also mentioned having significant health issues.
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Associated Press writers Nekesa Mumbi Moody in New York and Robert Jablon and Lynn Elber in Los Angeles contributed to this report.

Grandmaster Maurice Ashley

We at GFBC are happy to launch our 2nd Annual Black History Month Salute. Everyday we will feature African, Caribbean, African-Americans, and Caribbean-Americans who have contributed greatly to advancement of our people. Every month essentially should be “Black History Month”; however it is up to us to make a valiant effort to keep the fire blazing, and pass the torch to our children. Ask yourself what contributions were made and efforts were selflessly made for you to achieve your goals? Who do you admire most? Who has made such an impact in your life that makes you proud to be a person of color? Regardless, of what you consider yourself, African-American, Black, African, West Indian, Caribbean, Kittian, Bajan, Jamaican, Antiguan, or Trinidadian. What part of African culture resonates in your daily life, whether music, dance, or food.

At GFBC it is our intent to enlighten, entertain, and empower. We humbly invite you to tune in daily, and join us this month as we celebrate Black history firsts, little known facts, inventions, and record breaking precedents set by people of color.

Today’s first salute goes to Jamaican born Maurice Ashley, who became the first Black Grandmaster in 1999. Later that same year, he opened the Harlem Chess Center, where he began coaching young chess players.

Harlem Chess Center

Maurice Ashley is the first and only African-American to attain chess’ highest title of International
Grandmaster (GM). He has been an ardent spokesman and advocate of the intellectual and
character building effects in young people for over 15 years. GM Ashley is the world’s premier
and live chess commentator for ESPN. He is a renowned speaker and consultant who has
spoken to several universities and professional organizations nationally. GM Ashley has received
multiple community service awards from city governments, universities, and non-profit groups for
his work. His book, Chess for Success (2005, published by Broadway Books), crystallizes his vision
of using chess to help at-risk youth. GM Ashley (2007) signed a deal with HBO to make a movie
about his Harlem team’s victory at the National Junior High School Championships.

Here’s a look at his impressive resume.

Source: Maurice Ashley.com

SPECIAL GUEST APPEARANCES BY DR. MICHELLE, DR. TARTT, RAPPERS DON TRIP (“LETTER TO MY SON”) AND TRAY CHANEY (“FATHERHOOD”)

On Monday, January 30, “106 & PARK” will air a special episode dedicated to young parents titled “Young, Single & Parenting.” The live, 90-minute special will deal exclusively with issues affecting young parents focusing specifically on the realities of African American youth.

Hosted by Terrence J and Rocsi, “106 & PARK Presents: Young, Single & Parenting” will speak directly to youths in the trenches – young people who are currently parents and those expecting. Participants will be informed of the responsibilities they can expect, the resources available and their rights as parents.

“We are proud of our place as the only daily source of Black Youth culture on television and we know it’s about more than music, celebrities and fun,” said Stephen Hill, BET’s President of Music Programming and Specials. “On 106 & PARK, we’ve taken the time to discuss relationship violence, teen body image issues, AIDS prevention and other topics relevant to our audience. Many in our audience are young parents and need more information and guidance than they’re getting about how to work through certain issues; not the least of which is working on the relationship with the other parent for the benefit of the child. It’s our hope that this special edition of 106 & PARK will help strengthen young families,” said Hill.

On “Young, Single & Parenting” viewers will hear live testimonials from young, single parents in our studio audience. Rappers Don Trip and Tray Chaney, both young parents, will join the show to discuss their videos – Trip’s “Letter to My Son” feat. Cee-Lo Green and Chaney’s “Fatherhood.” In-studio experts, Dr. Michelle (www.drmichelle.com) and Dr. Tartt (www.drtartt.com), will be on hand to answer questions submitted via a live online chat on BET.com/YSPTips.

In addition to answering questions live, viewers can join the conversation by logging on to BET’s multiple social media platforms:

— On Facebook by liking the fan page at facebook.com/BET106andPark
— On Twitter by using hash tags: #YoungSingleParent; follow the show for
all updates @106andPark and @BET.
— On Google plus at bet.us/gplus106
On mobile, users can join this interactive experience through BET’s106 & Park Appon their mobile devices. For more information on “106 & PARK Presents: Young, Single & Parenting,” visit BET.com/106Cares. “106 and PARK Presents: Young, Single & Parenting” airs LIVE, Monday, January 30th at 6:00PM*.

*All times ET/PT.

About BET NetworksBET Networks, a subsidiary of Viacom Inc. (NYSE: VIA, VIA.B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. The primary BET channel reaches more than 98 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom and sub-Saharan Africa. BET is the dominant African-American consumer brand with a diverse group of business extensions: BET.com, a leading Internet destination for Black entertainment, music, culture, and news; CENTRIC, a 24-hour entertainment network targeting the 25- to 54-year-old African-American audience; BET Digital Networks – BET Gospel and BET Hip Hop, attractive alternatives for cutting-edge entertainment tastes; BET Home Entertainment, a collection of BET-branded offerings for the home environment including DVDs and video-on-demand; BET Event Productions, a full-scale event management and production company with festivals and live events spanning the globe; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET in the United Kingdom and oversees the extension of BET network programming for global distribution.

Source: BET NETWORKS

The Security Council has strongly condemned the multiple terrorist attacks that occurred in Kano, Nigeria, in recent days, causing numerous deaths and injuries, and underlined the need to bring the perpetrators to justice.

The 15-member body expressed its deep sympathy and condolences to the victims of these “heinous crimes” and their families, and to the people and Government of Nigeria, in a statement issued to the press last night.

Multiple attacks across Kano last week resulted in large-scale casualties and massive destruction to property, with media reports saying that some 150 people were killed during a series of explosions targeting police buildings and immigration centres around the northern city.

“The members of the Security Council reaffirmed that terrorism in all its forms and manifestations is criminal and unjustifiable, regardless of its motivation, wherever, whenever and by whomsoever committed, and should not be associated with any religion, nationality, civilization or ethnic group,” said the statement.

“The members of the Security Council underlined the need to bring perpetrators, organizers, financiers and sponsors of these reprehensible acts of terrorism to justice, and urged all States, in accordance with their obligations under international law and relevant Security Council resolutions, to cooperate actively with the Nigerian authorities in this regard.”
Jan 26 2012 11:10AM