Dislikes Dislikes:  0
Ignorant Ignorant:  0
Moron Moron:  0
Page 3 of 5 FirstFirst 12345 LastLast
Results 51 to 75 of 115

Thread: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

  1. #51
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    08-06-2007, 11:17 AM
    PALIDAN
    Have Gun will Travel
    Join Date: May 2007
    Location: every where
    Posts: 17



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Were these "post dated" checks that are just now bouncing? If so I have bad news for you....

    Post-dated checks are not prosecutable

    Legally such instruments are nothing more than an "IOU"... a promise to pay sometime in the future. By accepting a post dated check the issuer (Eddie) implies that his funds do not exist (or are inadequate) at that time the check was written... BUT will be available on the date shown on the check.

    In many cases, by the time the recipient tries to cash a post dated check, the account is closed and the funds have disappeared. Post dating means nothing in the banking world and one should never ever accept one.

    Theft by Check

    Issuance of a Bad Check, which covers all instances when person writes or passes a check knowing that there is not sufficient funds in the bank account at the time to cover the check and all other checks then outstanding. It is not necessary to prove exactly what was given (if anything) or its value, or to be able to identify the check passer in court in most cases. Punishment is by fine of up to Five Hundred ($500.00) Dollars. .
    The crime of Issuance of Bad Check is always a Class C misdemeanor, regardless of the amount involved

    If Eddie & Paul post dated these checks then they have just stolen your money!


    BECAUSE OF LUCK OF ANY POST DATED CHECK(S) , THEY ARE NOT AN ISSUE.LOCAL POLICE AND OTHER AGENCIES HAVE BEEN IN CONTACT WITH EDDIE VAKSER AND OTHERS.
    HIS TIME LIMIT FOR REDEMPTION FOR ANY "BAD CHECKS" FLOATING AROUND THAT HE PROMISED TO BE REPAID IN FULL, MISSING $$$, ILLEGAL AND CRIMINAL ACTS HAS PASSED. THEY ARE CLOSING IN.

    BELOW IS AN EMAIL SENT TO ART CHANNEL MEMBERS TO "HELP HIM NOW GO PUBLIC" AND ASKS FOR MORE $$$$ FROM THEM. OUR OPINION IS THAT HE MUST THINK HIS REMAINING MEMBERS "ARE VERY STUPID, CRAZY, OR INSANE" ... WE THINK THE REVERSE IS TRUE.

    ART CHANNEL GALLERIES MEMBER BONUS INCENTIVE PROGRAM

    Please forward to your teams and ask your organizations to make sure that their proper emails have been documented
    in their member back offices. Please confirm and check your status for email in your back office under "profile".

    Founder position members will receive stock shares in Art Channel Galleries* as follows:

    10,000 shares for Master Founders

    7,500 shares for Executive Founders

    5,000 shares for Founders

    2,500 shares for Junior Founders

    2) All Founders and their company stock will be vested under the following conditions:

    a) Founders who were "sponsored in" by either the company or other members must complete the Founder Program they entered under when "sponsored in" in order to receive stock shares in Art Channel Galleries and become vested by November 31, 2007.

    Art Channel Galleries Founder position "Sponsor Program" is as follows:

    b) Sponsored Founders must pay to Art Channel Galleries or sponsoring member the sponsored amount or produce personal sales volume of $25,000 in new art sales by November 1, 2007.

    c) All paid-up Founders will be vested and receive the stock certificates immediately.

    d) Additional shares can be purchased and are offered to all members, their family and friends, at $5.00 per share through November 1, 2007.

    e) Members earn one stock option for every $10.00 of personal sales volume produced by November 1, 2007.

    f) Stock options earned are retroactive on all personal volume produced once a member is vested in Art Channel Galleries.

    g) There are a minimum of 10 Founder positions available resulting from Founding member resignations available to be purchased from the company. All benefits accrued to date with any given Founder position remain with the Founder position once vested.


    page 1 of 2


    Current Incentive Award Program

    Personal Volume sales incentive: 1st place ….. 50,000 shares

    2nd place…... 30,000 shares

    3rd place…… 15,000 shares

    Team Bonus Incentive: The first team to reach One Million Dollars ($1,000,000.00) total sales volume will split among the team members 100,000 shares.

    Special Incentive: Any member that produces $1,000,000 in personal volume between now and November 1, 2007 will receive in addition to stock earned an additional 10,000 shares of stock.


    DISCLAIMER

    ALL STOCK OFFERED UNDER THIS SPECIAL MEMBERSHIP INCENTIVE IS IN ART CHANNEL GALLERIES, INC., A PRIVATELY HELD CORPORATION. ART CHANNEL GALLERIES, INC. RESERVES THE RIGHT TO TRADE ALL PRIVATELY HELD SHARES FOR SHARES IN A PUBLICLY TRADED COMPANY WHETHER THROUGH MERGER ACQUISITION OR INITIAL PUBLIC OFFERING AND CLEARLY STATES ITS INTENT. THERE IS NO GUARANTEE IMPLIED OR OTHERWISE ART CHANNEL GALLERIES, INC., A PRIVATELY HELD CORPORATION, WILL BECOME A PUBLICLY TRADED COMPANY.

    REPORTS ARE ALSO COMING IN FROM OUR SOURCES THAT LESS THAN 65 PAINTINGS WERE EVER ORDERED BY EDDIE VAKSER OR THE ART CHANNEL, AND MEMBERS MIGHT NOT OR DID NOT EVER GET THEM, IN ADDITION THAT THE ART CHANNEL DOES POTENTIALLY OWE SHORELINE AND/OR HARVEST DALLAS THOUSANDS OF $$$$.

    HE MIGHT HAVE BEEN ABLE TO HIDE, TAKE, AND STEAL MEMBERS $$$ BY POCKETING ANY CASH $$$$ HE GOT AND/OR HAVING MEMBERS CREDIT CARD PURCHASES PUT DIRECTLY INTO "TNT MEDIA PRODUCTIONS LTD" AND NOT THE ART CHANNEL. WITH TNT POTENTIALLY BEING INVOLVED, IT WILL HELP THE AUTHORITIES "ROUND UP HIS WHOLE GANG OF RELATIVES" ....YEE HA !!

    HE WILL NOT BE ABLE TO RUN OR HIDE FROM THE AUTHORITIES.

    MORE WILL BE COMING
    08-06-2007, 09:54 PM


    PALIDAN


    Have Gun will Travel


    Join Date: May 2007


    Location: every where


    Posts: 17






    Re: Artchannel´s Eddie Vakser arrested


    Thank you all ...... keep your "PM's" coming .... They are extremely important and informative to take Eddie Vakser down so he does not hurt others again.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  2. #52
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    08-07-2007, 04:06 AM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    "Stock Shares"?????

    Must sound impressive to the gullible Kool Aid drinking idiots. To the rest of us this is just more worthless paper and empty promises by Fast Eddie. These are even better than his hot checks... when they are deemed worthless no one can prosecute him. This "stock" has precious little or NO value whatsoever unless Eddie decides to pay... which he won't.

    Mighty expensive wallpaper if you ask me!

    08-13-2007, 09:16 AM




    Junior Member


    Join Date: Jul 2007


    Posts: 6






    Re: Artchannel´s Eddie Vakser arrested


    a) Founders who were "sponsored in" by either the company or other members must complete the Founder Program they entered under when "sponsored in" in order to receive stock shares in Art Channel Galleries and become vested by November 31, 2007.



    Last time I checked, November only had 30 days......hmmmm....is this a purposeful slip of the pen, Eddie?


    09-25-2007, 07:15 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Scam.com and other anti-scam/ spam sites have been out of service for several weeks reportedly due to "denial of service" attacks. One report says "Russian botnet owners were behind the Storm trojan."






    Anyway, Scam.com appears back up and running.



    Soooooooooo...any NEWS on our favorite Russian botnet scammer/spammer.. "Fast Eddie Vakser???" :D




    09-26-2007, 11:19 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Confidential source reports...



    "Eddie Vakser was arrested on Friday and had to spend the weekend in jail until Monday when he was reportedly arraigned for writing tens of thousands of dollars in bad checks."



    Can anyone confirm?
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  3. #53
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    02-02-2008, 11:55 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Confidential source reports...

    "Eddie Vakser was arrested on Friday and had to spend the weekend in jail until Monday when he was reportedly arraigned for writing tens of thousands of dollars in bad checks."

    Can anyone confirm?

    Eddie Vakser's mentor and role model...

    IGI's owner and founder Stanley A. Leitner is convicted on all counts for his Megafud Ponzi Scheme. Could spend the rest of his life in prison when sentenced in April.

    FBI Report
    http://dallas.fbi.gov/dojpressrel/pr...raud013008.htm

    Argyle man convicted in $15 million investment scam
    http://www.chron.com/disp/story.mpl/...s/5499499.html

    Megafund rep hit with $9.4 million judgement
    http://dallas.bizjournals.com/dallas...l?jst=pn_pn_lk

    http://www.google.com/search?hl=en&q...tner+convicted

    LaRaza Loses
    Meanwhile, attorneys representing the IGI bankrupcty trustee have won their case against the spanish newspaper La Raza. More than 3 million dollars has been awarded. The lawyer will take approx 1.4 million. The rest, along with another 1 million in credit card money sitting in a Dallas bank will soon be paid out to those owed until the money runs out.


    02-03-2008, 03:31 PM




    Member


    Join Date: Nov 2007


    Posts: 56






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Regarding Art Channel Galleries...



    “I do not care whether I make it or not… I win EITHER WAY. EVEN IF I LOSE… I WIN… I HAVE ALREADY WON… IF I WIN, I WIN… IF I LOSE, I WIN”--- Eddie Vakser



    Interesting!




    02-09-2008, 06:38 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by BYOB


    Interesting!



    Fast Eddie is at it again... morphing his failed Artchannelgalleries into his latest "Artfest"... a publicly traded "penny stock" (roughly $.20 cents)



    Let the games begin!!!




    Edward Vakser, Artfest CEO and Chairman


















    Artfest International, Inc.


    The Madison Building


    15851 Dallas Parkway, Suite 600


    Addison, TX 75001


    Phone: 877-278-6672


    Fax: 866-534-2847
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  4. #54
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    02-09-2008, 07:45 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Fast Eddie is at it again... morphing his failed Artchannelgalleries into his latest "Artfest"... a publicly traded "penny stock" (roughly $.20 cents)

    More on the weird history of SOLD NET> ARTFEST>

    A quick scan shows SOLD NET was incorporated on 2-21-2001 as a shell company (no prodcts, employees, no nutthin)... as a potential partner for another company that was seeking to raise money thru the public stock market.

    ArtFest was a dinky, 2 gallery operation looking to expand using other people's money. On November 19, 2002, Soldnet, Inc., consummated an Agreement and Plan of
    Reorganization (the "Agreement" or Exchange Transaction) with Artfest, Inc.

    http://sec.edgar-online.com/2005/12/...6/Section2.asp

    http://yahoo.brand.edgar-online.com/...sfh&ID=5371503

    http://www.sec.gov/cgi-bin/browse-ed...ion=getcompany

    (Vaker steps in)

    ACQUISITION AGREEMENT


    This Agreement dated as of the 26th day of December, 2007 by and among ARTFEST INTERNATIONAL, INC., a Delaware Corporation, with an address at 27758 Santa Margarita Parkway, Suite 281, Mission Viejo, California, 92691 (“International”), .which is annexed ... hereto and made part hereof, (the “International Shareholders”), those shareholders of ART CHANNEL, INC. .. (the “Channel Shareholders”), and ART CHANNEL, INC., a Texas Corporation, with an address at 16160 County Road 635, Blue Ridge, Texas, 75424
    SEC Info - Artfest International Inc - 8-K/A - For 12/28/07 - EX-10.1

    Get this... Eddie Vakser promises the following (4. Post-Closing Obligations):

    In consideration for the cancellation of the secured note held by DFT, Channel shall pay to the DFT an aggregate of five hundred thousand ($500,000) dollars, pursuant to the following schedule:

    a. twenty five thousand ($25,000) dollars due upon the closing of this Agreement;

    b. one hundred and twenty five thousand ($125,000) dollars on March 31, 2008; and

    c. monthly installments of seven thousand ($7,000) dollars per month until the remaining balance of three hundred fifty thousand ($350,000) dollars is fully satisfied, due upon the first business day of each month, beginning April 1, 2008.

    and---

    B. Capital. The management of Channel agrees to use its best efforts subsequent to Closing to introduce to International sources to provide up to five million ($5,000,000) dollars of working capital to Acquisition; provided, however, that there shall be no consequences if all or a portion of such monies is not raised.
    --------

    Slick move Eddie! Promising to raise $5 million... with no consequenses if you don't?!!! Well everyone knows they can take your word to the bank.

    Check this out:

    ART CHANNEL, INC., a Texas Corporation,
    16160 County Road 635
    Blue Ridge, Texas, 75424

    A Google satellite map show's it being a house on a remote farm road
    http://maps.google.com/maps?f=q&hl=e...&t=h&z=16&om=0

    For anyone who knows Eddie, this will make you howel!!!
    http://biz.yahoo.com/e/080118/arti.ob8-k_a.html

    The two companies combined had a whopping $2,700 in cash on hand. Yet despite no money, Eddie makes the following official statements:

    "Subsequent to the acquisition of ACHI, the Company will have over 350 members in our Direct Marketing and Sales membership program and anticipates growing this membership to 3,750 members in year one, 27,750 members in year two, and 51,750 members in year 3."


    It seems to me Artfest was essentially worthless... and Eddie made big promises to get his hands on their penny stock.


    02-11-2008, 05:54 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    It seems to me Artfest was essentially worthless... and Eddie made big promises to get his hands on their penny stock.



    Good grief... I wouldn't be bragging about teaming up with David "Dave" Sage!!!



    -------


    Artfest Hires "Billion Dollar Man" to Lead Sales Division


    Monday February 11, 9:00 am ET



    DALLAS, TX--(MARKET WIRE)--Feb 11, 2008 -- Artfest International (OTC BB:ARTI.OB - News) announced today the hiring of David Sage, the "Billion Dollar Man" as Senior Vice President of the Company's Direct Sales Division, Art Channel Galleries (www.ArtChannelGalleries.com). Sage is a veteran in the network marketing industry, and was responsible for generating One Billion Dollar in Gross Revenue for a former DSA Organization, NSA.


    http://biz.yahoo.com/iw/080211/0359894.html


    -----



    I doubt Eddie has the money to buy himself a haircut.. much less "hire" anyone. I'm betting David Sage being paid with a wheelbarrow full of that penny stock. David is a worn out "lead generator" that Eddie has brought on board to "recruit, educate and motivate Members"... WHAT MEMBERS?!!!!!!!!!!



    Artchannel.tv has gone nowhere for years.


    Artchannelgalleries (I'm told) was a total joke... unpaid bills... arrests... lost lawsuits... evictions .. no sales.. no members.



    More small time scammers looking for suckers..



    [b]Good God Eddie... give it up already!!!






    Last edited by skyvoyager : 02-11-2008 at 06:14 PM.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  5. #55
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    02-13-2008, 11:18 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Good grief... I wouldn't be bragging about teaming up with David "Dave" Sage!!!

    -------
    Artfest Hires "Billion Dollar Man" to Lead Sales Division
    Monday February 11, 9:00 am ET

    LIES, LIES, DAMMNABLE LIES... if Eddie Vaksar's lips are moving, they're-a-lying. Example, this PR release from Artfest International, Inc. on Jan 25th:

    Artfest Launches New Television Show to 20 Million Viewers in 218 Independent TV Markets Nationwide
    "Artfest International, Inc. (OTCBB: ARTI) announced the launch of their new television show called "Artfest Presents," premiering Saturday January 26, 200 8. The TV show will initially be broadcast to approximately 20 million viewers..."
    Artfest Launches New Television Show to 20 Million Viewers in 218 Independent TV Markets Nationwide
    --------

    "20 million viewers"? VIEWERS? Are you INSANE???

    According to the most recent Neilsen ratings... that would have Eddie's crappy little art program beating out "CSI: MIAMI" (CBS) which last week came in 6TH IN THE NATION!!!
    USATODAY.com

    Having the ability to penetrate 20 million homes on obscure channels during times they can't sell to anyone is a far cry from being able to claim that 20 million people actually viewed your oh-so-riveting program... which is what you imply!

    Eddie apparently swung this deal via a barter arrangement with AMGTV
    The Tuesday Barter Report, Barter World News, Barter Concept, Countertrade, Business Opportunity




    Last edited by skyvoyager : 02-13-2008 at 11:25 PM.


    02-16-2008, 11:20 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager





    Artfest stock falls off a cliff



    On 12/26/07 this announcement was filed by Artfest International, Inc. (parent company of MyArtfest and Artchannelgalleries):



    "Artfest International Inc. (OTCBB: ARTI) signed a definitive agreement to acquire Art Channel, Inc. for $28 million on December 26, 2007. Artfest International Inc. will issue 8 million shares on closing and an additional 20 million as soon as is practicable after closing... ARTI's price was unchanged after the transaction was announced on 12/26/07."



    The stock remained virtually unchanged in the months leading up to the appointment of Edward "Eddie" Vakser as President and CEO of Artfest on January 14, 2008.



    The very day Eddie took charge, Artfest stock fell by over 50% (from $.62 to $.30 cents). It actually fell much more since it had closed at $1.00 per share the previous trading day.



    Since Eddie Vakser took over Artfest, the stock has continued to plummit... it's now a paltry $.18 cents per share. Look at it this way... if you invested $10,000 with Artfest on Friday January 11th... you'd have a mere $1,800 now.





    It appears that Eddie Vakser and Larry Ditto simply "decided" this new company had a combined net worth of $28 million!!! As of Friday, its' market cap is down to $5.1 million. And I don't know what you have to be smoking to come up with a figure even THAT astronomical.



    Beware the hype... the spin... the deluded, grandiose plans... look to the marketplace for the truth.



    Eddie previously attempted to replicate the MLM / product based pyramid scheme of his mentors --convicted criminal Stanley Leitner and master scammer Paul J. Myer. Their bankrupt International Galleries, Inc. Ask yourself how come Eddie's over hyped Artchannelgalleries MLM never got any traction. Where are all his members making money hand over fist?



    The best thing you can do is read that "safe harbor" statement of theirs. Better "safe" than sorry.






    Last edited by skyvoyager : 02-16-2008 at 11:26 PM.



    02-19-2008, 10:17 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Artfest stock falls off a cliff


    [/color]



    From Eddie's daily PR spam:



    Artfest Establishes Partnership With Renowned Russian Art Dealer


    Tuesday February 19, 9:00 am ET




    "Russia, and Moscow in particular, has become a multi-billion dollar Mecca," says Mark Okhman, President and CEO of Luxor International.


    ----------



    Funny thing... located a few miles from Eddie Vakser one finds:



    Mark Okhman (469) 362-2XXXX 4035 Monument Ln, Frisco, TX 75034


    (This info is readily available to anyone doing a quick search so I'm not revealing anything too private). However, Google satellite map shows the address to be an empty field slated for development and surrounded by typical suburban homes.(click to see).


    I can't say this is the same "renowned Russian art dealer" Mark Ohkman... but I'm pretty sure it is. Apparently back in 1996 he was an aspiring actor whose only credit was appearing in one episode of "Walker, Texas Ranger" (filmed locally) entitled "The Moscow Connection" (catch it again Monday 25th February 6:00pm CST on the Hallmark Channel):




    "Synopsis: The rangers turn to the Moscow police for assistance after a spate of warehouse robberies are linked to a Russian mobster" (I SWEAR I AM NOT MAKING THIS UP!!!) His name was "Milos" (Meeeelos) but doesn't even rate the title "guest star"






    I can't find a "Luxor International" art business anywhere.


    Russian TV mobster-turns-"renowned international Russian art dealer"... only in Texas!!!
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  6. #56
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    02-21-2008, 12:31 AM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    only in Texas!!!

    Artfest Adds Top NY Fine Art Limited Editions Dealer Soho Editions Joins Artfest Lineup
    http://www.artfestinternational.com/020408soho.html

    -------
    You'd have thought Soho would have learned it's lesson with Paul Myer and Stanley Leitner's International Galleries Inc

    BANKRUPTCY CREDITORS LIST:
    SOHO EDITIONS (Sam Park & Viktor Shvaiko): $297,450.00
    -------

    Eddie WISHES he could have 1/10th the action of IGI. Hell, they left 30,000 creditors... that's more members than Eddie predicts he'll have in 3 years! (BTW: You're supposed to have 2,000 by April 15th... better get busy!).

    Then again, Eddie knows all about not paying his bills. Isn't there another court hearing on Friday about just that lil thang?

    So what's the problem now? SEC documents say Eddie's Artchannel was bought for $29 MILLION DOLLARS worth of Artfest stock??? What ARE they smoking???? The "stock" is getting more worthless every day!
    http://investing.businessweek.com/re...symbol=ARTI.OB


    03-01-2008, 10:04 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    The "stock" is getting more worthless every day!





    Read it and weep... Artfest stock is down 89% since January 14th... the day Eddie Vakser took over as President & CEO. I'm not sure how much more "success" this thing can stand!






    03-03-2008, 10:23 AM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Read it and weep... Artfest stock is down 89% since January 14th... the day Eddie Vakser took over as President & CEO. I'm not sure how much more "success" this thing can stand!





    At 10:15am CST.. Artfest stock has imploded to a whopping SIX CENTS per share... down 45% from Friday. Nearly 400,000 shares being dumped today.






    03-03-2008, 05:29 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    [b]Originally Posted by skyvoyager


    At 10:15am CST.. Artfest stock has imploded to a whopping SIX CENTS per share... down 45% from Friday. Nearly 400,000 shares being dumped today.





    Make that 1,185,200 shares being dumped... more than 7 times the highest daily volume so far. At this rate this thing may be finished by the end of the week.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  7. #57
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    03-04-2008, 03:39 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Make that 1,185,200 shares being dumped... more than 7 times the highest daily volume so far. At this rate this thing may be finished by the end of the week.

    Down another 16.6% again today.

    If you purchased this stock based on the outrageous, over hyped projections made by CEO Eddie Vakser in his press releases, you should consider filing a complaint with the SEC.

    SEC Center for Complaints and Enforcement Tips

    In my opinion (and that of others) Eddie is a liar and a thief... the sort that steals from widows and orphans. I sincerely doubt the SEC will allow him to say anything he wants in order to pump-and-dump a stock... then expect some bogus "safe harbor statement" to protect him.


    03-12-2008, 03:43 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    I sincerely doubt the SEC will allow him to say anything he wants in order to pump-and-dump a stock... then expect some bogus "safe harbor statement" to protect him.



    ARTFEST CPA RESIGNS!!!


    Thomas Bauman, CPA ("Mr. Bauman"), by letter dated January 16th, which was received by Artfest International, Inc. (the "Registrant") on or about February 8th, resigned as the independent certified accountant of the Registrant. His reporting (ending on January 16 of this year) was qualified as to the "Registrant's ability to continue as a going concern." (That doesn't sound good for Eddie or the stockholders)






    EDDIE TO INCREASE STOCK 12 FOLD TO 500 MILLION SHARES


    These acquisitions are a primary reason that the Company is seeking to increase the current capitalization structure from 40,000,000 to 500,000,000 authorized shares and amend the Company’s Certificate of Incorporation with the State of Delaware accordingly.








    03-19-2008, 07:14 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager



    ARTFEST CPA RESIGNS!!!



    "03/13/08 -- Artfest International, Inc. announced today its first limited edition sellout of "San Francisco Silent Oasis" by renowned artist Bob Munro. "To have our first edition sell out is fantastic!" explains Harry Thompson, Artfest's Curator Advisory Board member..."



    The "sell out" (if it actually happened) consisted of 125 framed photographs.. 10x15"


    http://www.artchannelgalleries.com/art-bob-munro.aspx



    So just how many thousands of members was Eddie projecting to have by April? And they managed to unload 125 items?? Well woopiee



    It seems mostly Eddie peddles press releases... and with each one the stock goes down. $.04 cents a share today.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  8. #58
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    03-20-2008, 11:17 PM
    BYOB
    Member
    Join Date: Nov 2007
    Posts: 56


    Re: Artchannel´s Eddie Vakser arrested
    HA! HA! HA! OMG, Eddie the KING of the Art World and the Queen of Art (Shirley) are selling photographs! TOO FUNNY! And they just sold their 1st edition out. All 125! Gee, how many years have they been trying to get this pathetic replica off the ground!!!


    03-21-2008, 03:34 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by BYOB


    HA! HA! HA! OMG, Eddie the KING of the Art World and the Queen of Art (Shirley) are selling photographs! TOO FUNNY! And they just sold their 1st edition out. All 125! Gee, how many years have they been trying to get this pathetic replica off the ground!!!



    Here's a news release from January 22nd:



    Artfest Outlines Aggressive Goals for Q1 '08



    ...Artfest currently serves approximately a 500 plus growing membership base comprised of Dealers and Collectors. Artfest is projecting membership to increase by approximately 2,000 new members by the end of the first quarter '08...




    ---------



    Well the first quarter is nearly up. Eddie claimed 500 members at the end of January and projected to have 2,000 by the end of March.



    You know.. if it takes that many people to "sell out" a tiny edition of 125 little framed photographs.. I wouldn't be bragging about that by sending out press releases.



    Either the sales force is that pathetic... or they're much MUCH smaller than Eddie will admit.



    04-01-2008, 10:14 PM




    Member


    Join Date: Nov 2007


    Posts: 56






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Regarding Art Channel Galleries...



    “I do not care whether I make it or not… I win EITHER WAY. EVEN IF I LOSE… I WIN… I HAVE ALREADY WON… IF I WIN, I WIN… IF I LOSE, I WIN”--- Eddie Vakser



    How would you like to be one of fast (wannabe) Eddie's members and read the above?





    04-02-2008, 12:46 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by BYOB


    How would you like to be one of fast (wannabe) Eddie's members and read the above?



    $10,000 invested in Artfest stock the day before Eddie Vakser took over control as President & CEO in mid January, is now worth $600... a staggering loss of $9,400!!!






    Here is the Nasdaq "Threshold Securities" list for March 28






    This list consists of stocks for which sellers failed to deliver 10,000 shares or more in the past five trading days and the level of "fails'' is a minimum of 0.5 percent of the shares outstanding. In other words... it appears Eddie has sold more shares than he has.



    One has to wonder if this is nothing more than a penny stock scam.



    Eddie desperately tried to make a go of an art based MLM twice before (Artchannel and Artchannelgalleries) and both fell flat (resulting in evictions, unpaid bills, etc). His were the 3rd & 4th art based MLM's attempted in the Dallas area within one year (preceeded by the bankrupt IGI & CGI)... Artfest makes five (and that doesn't include much larger and more reputable Home Interiors & Gifts).



    In my opinion, Eddie has just enough knowledge about how to operate and hype an art based MLM to convince penny stock brokers and investors to buy in. People who know Eddie well predict he will first pocket all the money he can then do the minimum required to show he's making some sort of attempt to run the kind of business he's trumpeting (e.g. announcing the BIG "sell out" of 125 little framed photographs... woopiee!!!).



    The financial statements of this company are a train wreck... bleeding red ink year after year. However, I feel the press releases Eddie spews out are just the tip of this propaganda iceberg. One has to wonder what is being said verbally by the penny stock brokers who are hyping this opportunity to investors.



    Despite his inability to run a profitable business, Eddie has the gall to send out a press release entitled "Creating Wealth Through Art." He's now posted a list of these monthly Kool-Aid drinking parties online.




    If anyone has a different perspective.. and evidence to back it up.. please feel free to set the record straight.








    Last edited by skyvoyager : 04-02-2008 at 12:51 PM.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  9. #59
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    04-02-2008, 02:56 PM
    BYOB
    Member
    Join Date: Nov 2007
    Posts: 56



    Re: Artchannel´s Eddie Vakser arrested
    Paul Myer was instrumental in winning the lawsuit against LaRaza. The trustee told me that Myer has been vidicated! Not only by the Trustee but also multiple Federal agencies that investigated. (Don't get mad at me Sky!) The words came from the mouth of Mr. Lain, the Trustee!


    04-02-2008, 10:51 PM


    jebaroo


    Why are we here?


    Join Date: Jul 2005


    Posts: 2,055






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by BYOB


    Paul Myer was instrumental in winning the lawsuit against LaRaza. The trustee told me that Myer has been vidicated! Not only by the Trustee but also multiple Federal agencies that investigated. (Don't get mad at me Sky!) The words came from the mouth of Mr. Lain, the Trustee!



    thanks for the update, i think?



    let's hear sky's opinion



    thanks




    04-02-2008, 11:41 PM


    BYOB


    Member


    Join Date: Nov 2007


    Posts: 56






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by jebaroo


    thanks for the update, i think?



    let's hear sky's opinion



    thanks



    I have no doubt that Sky's opinion is much more credible than the Trustee's! LOL! But you don't have to take my word for it. Call the Trustee!






    Last edited by BYOB : 04-02-2008 at 11:43 PM.



    04-03-2008, 01:23 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by BYOB


    Paul Myer was instrumental in winning the lawsuit against LaRaza. The trustee told me that Myer has been vidicated! Not only by the Trustee but also multiple Federal agencies that investigated. (Don't get mad at me Sky!) The words came from the mouth of Mr. Lain, the Trustee!



    Heeey... great to see the ole' "Paul Myer visionary genuis" fan club is still alive and trying to rewrite history for him Please enlighten me because I don't know the details of these proceedings:



    My understanding is that La Raza's insurance company agreed to a "settlement" of this case. If true, this is a far cry from your claims of IGI "winning" and the unqualified "vindication" of Paul Myer. Let me ask you:



    1) Did LaRaza "lose" in a court trial? Was that the verdict of a judge and jury?



    2) Did LaRaza admit guilt? Were they ordered (or agree) to print a retraction of their story?



    3) How much (if any) did LaRaza's insurer pay the creditors of IGI? Did these payments to IGI's members and creditors remotely approach the court costs and legal fees sucked up by the bankruptcy trustee? If not then it seems the trustee is guilty of milking this case for all these months for his own self interest.



    As we all know, legal settlements happen all the time. Usually the terms of a settlement are sealed (including the amount of payment, if any)... and often with no admission of guilt or wrongdoing. Settlements are but one of several legal negotiations routinely used to manage risk and put a stop to a protracted, expensive legal pissing match.



    I eagerly await your posting the >facts< of this case (not your interpretation of them). Upload some documents or links to official records and I'll comment on them.



    Next, apparenly the Federal agencies that investigated IGI and Myer couldn't find any criminal wrongdoing personally by him that was worth pursuing. However...



    Paul's partner, long time best buddy and IGI's founder --Stanley Leitner-- was recently found guilty on all 27 counts of his Megafund scam. Leitner is scheduled to be sentenced on April 22nd and is likely headed to prison this month for the rest of his natural life. He faces 120 years for wire fraud, 230 years for money laundering, 60 years for illegal monetary transactions and more.. plus millions in fines


    http://www.usdoj.gov/usao/txn/PressR...r_conv_pr.html



    It has also been revealed that both Megafund and IGI (which for a time were both run by the same people out of the same office) were, in fact, listed as the "assets" of a massive $300+million high yeild/ prime bank ponzi scam (see page 26)


    http://www.haysconsulting.net/correl...m%20Report.pdf



    Hays Financial Consulting


    As with Leitner, several of these "Christian" scammers are either in, or headed to, "the big house."



    Yet despite mountains of evidence you guys still try to pretend there was no connection or history between Myer, Leitner and this larger nest of criminals.


    http://dallas.bizjournals.com/dallas...20/story4.html


    Paul Myer either knew exactly who he was in bed with and what was going on.. or either he's the biggest patsy of all time!!!



    So this is hardly "vindication"... but maybe it is on "Planet Kool Aid." Last I heard he was scamming for Ambit ******.



    Oh how the "visionary genius's have fallen!!!"






    Last edited by skyvoyager : 04-03-2008 at 01:36 PM.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  10. #60
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    04-07-2008, 11:32 AM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Heeey... great to see the ole' "Paul Myer visionary genuis" fan club is still alive and trying to rewrite history for him

    No reply?



    04-14-2008, 04:09 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    No reply?



    Another day... another press release from Eddie... and another new low for Artfest stock... $.04 cents a share. $100 invested in January (when Eddie took over) is now worth $4 bucks... the price of one gallon of diesel!!!



    This latest press release touting the signing of four "world renowned" Russian artists. All of Eddie's artists are so "renowned" nobody's ever heard of em.



    He follows up with all this unrelated crap about how strong the art market has been the past 7 years... and implies art is a "less risky investment" than either real estate or the stock market. Calling the schlock he's peddling an "investment" is laughable. It's utterly worthless until you find a buyer who agrees with you. Just look at the thousands of IGI giclees that went unsold on Ebay. A lot of em eventually wound up on barter exchanges. There is >>no<< investment play when there are >>no buyers<<<



    Like Paul Myer's IGI and many others... I'm sure Eddie is targeting the gullible Hispanic market. I'm sure they're lining up for Russian art.




    04-15-2008, 05:51 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Another day... another press release from Eddie... and another new low for Artfest stock... $.04 cents a share. $100 invested in January (when Eddie took over) is now worth $4 bucks... the price of one gallon of diesel!!!



    Oops... make that $3 bucks... down again today ($.03 cents per share). Your $100 investment cant even buy you a gallon of regular unleaded today!
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  11. #61
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    04-19-2008, 02:18 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555


    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    Oops... make that $3 bucks... down again today ($.03 cents per share). Your $100 investment cant even buy you a gallon of regular unleaded today!

    $.02 cents a share and a name change (from ARTI.OB to ARTIE.OB... apparently an "E" for "Eddie's ego" was needed)

    Rumor has it that Home Interiors & Gifts is (or soon will) file for bankruptcy and that they will be closing their massive framing facility --Dallas Woodcraft. http://www.homeinteriors.com

    On 2-15-08 it was announced that "Home Interiors & Gifts Inc. chief executive and president Richard W. "Dick" Heath said he is retiring two years after he agreed to lead the Carrollton-based direct selling company through a restructuring." (I'm guessing it didn't work).
    http://www.dallasnews.com/sharedcont....c26a3e69.html

    According to Wikipedia: "The company makes decorating accessories, which are sold by more than 140,000 representatives through home parties in the US, Canada, Mexico, and Puerto Rico... Mary Crowley, sister-in-law of makeup maven Mary Kay Ash, founded Home Interiors in 1957. Highland Capital Management owns a majority interest in the company."

    Home Interiors was a huge, family run operation based on a tight knit, family oriented, quasi-religious, cornball culture. Along comes Tom ***** (*****, Muse & Tate) --- owner of the Texas Rangers and Dallas Stars, Clear Channel Media, etc-- plopped down a billion dollars to buy it and whip it into a "professionally run" business. Needless to say he screwed it up royally. Highland Capital Management (among other things) targets distressed industries and practises a litigious "loan to own" form of takeover.

    Anyway, if true, it wouldnt surprise me if the Carter family doesn't offer to buy it back for pennies. However, it appears that the whole home decor industry is hurting badly. Linens-n-Things (purveyors of large canvas wall decor) is expected to file bankruptcy soon. It seems people are reluctant to pay a premium for "art" or "wall decor" regardless of how it's sold. Maybe this is why Artfest stock is selling for $.02 cents a share.

    If Home Interiors and other huge companies are finding it impossible to succeed by selling "wall decor/art" in this environment... then what makes Eddie Vakser think he'll fare any better? The only way I can think of is by using art as the product in yet another product based pyramid scheme.




    Last edited by skyvoyager : 04-19-2008 at 02:21 PM.
    04-19-2008, 04:38 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Rumor has it that Home Interiors & Gifts is (or soon will) file for bankruptcy and that they will be closing their massive framing facility --Dallas Woodcraft. http://www.homeinteriors.com



    On 2-15-08 it was announced that "Home Interiors & Gifts Inc. chief executive and president Richard W. "Dick" Heath said he is retiring two years after he agreed to lead the Carrollton-based direct selling company through a restructuring." (I'm guessing it didn't work).


    http://www.dallasnews.com/sharedcont....c26a3e69.html



    Let me be clear, I have found no proof regarding the rumors about Home Interiors and Dallas Woodcraft. This was information supplied to me from a confidential source and I pass it along. If anything official shows up I'll post it.



    04-20-2008, 11:39 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555




    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by BYOB


    I have no doubt that Sky's opinion is much more credible than the Trustee's! LOL! But you don't have to take my word for it. Call the Trustee!



    Stanley "Megafund" Leitner (Paul "International Galleries, Inc" Myer's mentor and decades long partner in scamming) is set to be sentenced to prison on Tuesday.



    One more "Christian" caught fleecing Christians. Oh the wages of sin!



    Quote:
    Originally Posted by skyvoyager
    $.02 cents a share and a name change (from ARTI.OB to ARTIE.OB... apparently an "E" for "Eddie's ego" was needed)

    Speaking of Eddie's ego... he just issued 500 "Million" additional shares of stock.

    Let's compare that to legendary investor Warren Buffet (the 2nd or 3rd richest man on earth). His famed "Berkshire Hathaway" stock consists of 1.081 million shares of class "A" stock (currently trading at $129,000.00 per share) and 14.033 million shhares of class "B" stock (currently trading at $4,288.00 per share) for a grand total of 15,114 million shares.

    This is about 1/2 the amount of shares Artfest had before this retarded move. Oh.. current value of each new Artfest share?

    1/10th of one cent.

    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  12. #62
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    04-22-2008, 05:52 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555


    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    1/10th of one cent.

    Artfest stock closed down another 21.43% today... to $.014 cents a share... less than a penny and a half.

    I also see where they failed to file their SEC form 10-KSB on time which resulted in the letter "E" being added to the stock name.

    They've had 3 full months to get this done. Such filings shouldn't be that complicated... unless their accountant/ auditor didn't want to sign off on what he was asked to. Artfest "anticipates" it will file this form by Friday. It should make for interesting reading... particularly since such statements carry the penalty of perjury and prison if proven deceptive.

    Artfest Announces Delayed Filing: Financial News - Yahoo! Finance


    04-25-2008, 03:03 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555




    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Artfest stock closed down another 21.43% today... to $.014 cents a share... less than a penny and a half.



    I also see where they failed to file their SEC form 10-KSB on time which resulted in the letter "E" being added to the stock name.



    They've had 3 full months to get this done. Such filings shouldn't be that complicated... unless their accountant/ auditor didn't want to sign off on what he was asked to. Artfest "anticipates" it will file this form by Friday. It should make for interesting reading... particularly since such statements carry the penalty of perjury and prison if proven deceptive.






    Artfest again failed to file their SEC report today as "anticipated." Instead they re-posted this announcement:






    If Eddie and his mob can't keep their own basic accounting straight how can anyone trust them regarding anything.



    Something smells really rotten!!




    04-26-2008, 11:28 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Artfest again failed to file their SEC report today as "anticipated." Instead they re-posted this announcement:






    If Eddie and his mob can't keep their own basic accounting straight how can anyone trust them regarding anything.



    Something smells really rotten!!



    Well it seems Eddie finally got his forms filed with the SEC. One hardly knows where to start. Two things immediately stick out:



    1) Read the "RISK FACTORS" section of this report:




    Basically they are giving no assurance whatsoever that they'll ever be able to do a single thing that they proclaim they will in their glowing press releases. I'm sure the verbal, off the record boasting is even more insane.



    2) Next, scroll down to "F1".. the audited balance sheet. Note the $2 million in liabilities and the $351,000 in assets.





    TOTAL STOCKHOLDERS EQUITY:


    NEGATIVE -$1,834,933.00 !!!!!!




    05-13-2008, 12:45 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,555





    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager





    What? No new press release in the past 10 days? Jeezus... what's the world coming to? Then again, every time Eddie opens his mouth to hype his scam the stock falls. Since he's been quiet it's hanging in there at... one penny per share.



    Yawwwwwwwwwwwwwnnn
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  13. #63
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    05-20-2008, 10:22 AM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555


    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    What? No new press release in the past 10 days? Jeezus... what's the world coming to? Then again, every time Eddie opens his mouth to hype his scam the stock falls. Since he's been quiet it's hanging in there at... one penny per share.

    Yawwwwwwwwwwwwwnnn

    Drumroll please....

    "(Artfests') Revenue for the three months ended March 31, 2008, was $12, a decrease of 99.99% as compared to $180,143 for the three months ended March 31, 2007."

    TWELVE DOLLARS???? WOW... that's $4 per month!!!

    http://biz.yahoo.com/e/080515/arti.ob10-q.html

    Some interesting math.

    They are losing $250,000.00 per month. That would require sales of 25 MILLION shares PER MONTH at .01 (one penny) just to break even. Problem is that the .01 cent is the "ask" price... the "bid" price (the price the public is willing to pay) is .006... six tenths of a penny (40% less than Artfest is asking).

    Want a real laugh... go back and read the slew of Eddie's press releases... ESPECIALLY the ones about his "TV Network show going into millions of homes and the thousands of members he's supposed to have by now.

    So basically their business appears to consists of trying to raise money for the foreseeable future. For what purpose (other than lining their own pockets) I have no clue. Even a beginning, starving artist can afford to have works available in 2 weeks via the giclee process. That's the whole point... you print them as you need them rather than laying out thousands of dollars for an entire edition up front.

    SO WHAT'S YOUR PROBLEM EDDIE????? Start printing, start selling... $12 DOLLARS IN 3 MONTHS???? If you were serious about launching a profitable business you could have done so in the first week. So far all you've done is spread a lot of BS and ripped off investors.

    At least you've stated the obvious: "Our plan is subject to many risks. There can be no assurance of success."

    That, I agree with


    05-20-2008, 01:18 PM


    rachaelb3


    Junior Member


    Join Date: May 2008


    Posts: 1






    Re: Artchannel´s Eddie Vakser arrested


    $12.00 ??? How could this possibly be? Vasker announced this limited edition sellout on 3/13 and these prints were $500.00 each!

    Quote:




    Artfest International Announces Company's First Limited Edition "SELL OUT"


    DALLAS, TX -- (MARKET WIRE) -- 03/13/08 -- Artfest International, Inc. (OTCBB: ARTI) announced today its first limited edition sellout of "San Francisco Silent Oasis" by renowned artist Bob Munro.


    "To have our first edition sell out is fantastic!" explains Harry Thompson, Artfest's Curator Advisory Board member. "This is great news for all of our artists because it demonstrates that our marketing awareness is working and members are participating. This first SELL OUT indeed proves that Artfest is changing the way people buy and collect Art!"


    Shirley Casavant, Artfest's VP of Member Relations, explains, "Our members are extremely pleased with our program and the quality of our artists. Bob attended one of our seminars and the result is a great buying response from our members. Art Channel Galleries (www.artchannelgalleries.com) enjoys one of the best and fastest home based art sales businesses in the US!"


    "Some of the buying came from members who enjoyed Bob Munro's 'Holy Land' video that is currently in rotation in over 25 million homes, and who in turn joined Artfest as a member in our Art Channel Galleries direct sales organization, further generating more interest and memberships," said Edward Vakser, Chairman and CEO of Artfest International, Inc.

    Do you suppose he was lying? OMG! Eddie lied?



    Gee, the disclaimer on this release says "Statements contained in this release that are not historical facts may be deemed to be forward-looking statements." Wouldn't this sell out claimed be "historical" and therefor an intentional misstatement of "historical FACT? Fraud?






    Last edited by rachaelb3 : 05-20-2008 at 01:20 PM.





    05-20-2008, 09:00 PM


    BYOB


    Member


    Join Date: Nov 2007


    Posts: 56






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by rachaelb3


    $12.00 ??? How could this possibly be? Vasker announced this limited edition sellout on 3/13 and these prints were $500.00 each!


    Do you suppose he was lying? OMG! Eddie lied?



    Gee, the disclaimer on this release says "Statements contained in this release that are not historical facts may be deemed to be forward-looking statements." Wouldn't this sell out claimed be "historical" and therefor an intentional misstatement of "historical FACT? Fraud?



    Eddie tell a lie? NEVER!!!!



    This is so pathetic!!!! Eddie & Shirley...The King and Queen of Art...the two people who have claimed that they single handily built the Art Market...they did $12 in revenue in the 1st quarter of 2008.



    The whole WORLD is Laughing






    Last edited by BYOB : 05-20-2008 at 09:27 PM.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  14. #64
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    05-20-2008, 11:33 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555


    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by BYOB
    Eddie tell a lie? NEVER!!!!

    This is so pathetic!!!! Eddie & Shirley...The King and Queen of Art...the two people who have claimed that they single handily built the Art Market...they did $12 in revenue in the 1st quarter of 2008.

    The whole WORLD is Laughing

    Who are Beryl & Frady Zyskind?
    (Google it.. it'll make you sick)

    According to Artfest documents:
    http://www.sec.gov/Archives/edgar/da...t10q033108.htm

    On January 31, 2008, the Company signed a Promissory Note payable to (Mrs) Frady Zyskind as Trustee for $50,000 due on July 31, 2008. The loan accrues an interest at 1.5% per month, or 18% per annum. --and--

    On March 28, 2008, the Company filed a Form S-8 with the Securities and Exchange Commission, registering a proposed maximum of 7,500,000 shares of Common Stock. Pursuant to a Consulting Agreement dated March 13, 2008, 3,000,000 of the registered shares were issued to (Mr) Beryl Zyskind, and the remaining 4,500,000 registered shares will be issued to Mr. Zyskind on or prior to May 22, 2008.

    Then we have a "mystery" loan of $300,000.00

    On April 4, 2008, the Company received an advance on a loan prior to the execution of loan documents in the amount of $25,000 from a third party. The Company is currently awaitin the execution of documents for financing of up to $300,000 from this third party pursuant to Convertible Debentures. Pursuant to the terms of a Securities Purchase Agreement, the third party will advance the Company an aggregate of $300,000, to be paid in twelve payments of $25,000 each over a period of fifteen weeks, with each advance to be evidenced by a Convertible Debenture.

    THIS "Convertible Debenture" CAN BE CONVERTED INTO STOCK AND AT $.01 PER SHARE WHO EVER THIS IS WOULD OWN CONTROL OF ARTFEST WITH 30 MILLION SHARES! AS OF THE MARCH 13TH SEC FILING ALL OF THE CURRENT OFFICERS AND DIRECTORS OWN A TOTAL, A TOTAL OF 22.38 MILLION
    http://www.sec.gov/Archives/edgar/da...0ksb123107.htm

    Here's their "consulting agreement" with Artfest
    http://msnmoney.brand.edgar-online.c...cker%253dARTIE

    EDDIE VAKSER'S CRIMINAL BEDFELLOWS---

    BERYL & FRADY ZYSKIND--CONVICTED EX-CONS-- THIEVES, EMBEZZLERS, PARASITES WHO PREY ON THE MENTALLY ILL AND DISABLED

    "...the state ends up entrusting the mentally ill to people like Beryl Zyskind.

    In the early 1990's, Mr. Zyskind ran what is now called Ocean House, and was charged by federal prosecutors with stealing money from residents, including $120,000 in Veterans Administration benefits from one resident who was a Vietnam War veteran. Mr. Zyskind, who was also charged with bank fraud, was convicted and sentenced to 30 months in federal prison... (much more)"
    http://www.pulitzer.org/year/2003/in...rks/levy3.html

    More---

    Ocean House Owners Nailed!
    Taub And Son Arrested For Stealing Millions From Facilityhttp://www.rockawave.com/News/2002/0...House0706.html

    Report Says Home Operators Misused Funds Meant to Feed Mentally Ill
    http://query.nytimes.com/gst/fullpag...55C0A964958260

    They're also no strangers to Pink Sheet stock shennanegans such as Trio Industries, Inc (TRIG)
    http://sharesleuth.com/2006/10/utek_corp.html

    Trio’s financier, Beryl Zyskind, was convicted on federal fraud and theft charges in 1996. He was found to have diverted millions of dollars from a New York nursing home he ran, and to have stolen $120,000 in Veterans’ Administration benefits from a resident. He was sentenced to 30 months in prison.

    Trio’s stock, which trades infrequently and in low volumes, fell by more than 50 percent in the last three months of 2006. It has continued to decline, with the most recent transaction at $1.40 a share.
    http://sharesleuth.com/2007/02/utek_update_1.html

    and much more....

    ONCE AGAIN... EDDIE VAKSER IS IN BED WITH CRIMINALS, PARASITES AND SCAMMERS.


    05-21-2008, 08:47 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,555




    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Who are Beryl & Frady Zyskind?


    (Google it.. it'll make you sick)



    Apparently Beryl & Frady Zyskind are patrons of something called the "Agudah Convention." Aguda - Wikipedia, the free encyclopedia The Zyskinds' sponsored the Westin Hotels' "Garden Pavilion" for their hospitality site.


    http://www.jewishpress.com/displayco...96&subid=20727



    This is an 85 year old gathering of ultra orthodox Jewish rabbis who (according to critics) get together and lay down decrees about dress codes, allowable conduct, displays of wealth, etc... in short, micromanaging the lives of others.


    Agudah Convention my ass. - clubcorruption.net



    The Zyskinds' ripped off the mentally ill and disabled... and went to prison for it. These are the very same sort of helpless people Adolph Hitler began exterminating before he turned his terror toward the Jews. How could these rabbis not know about the Frady's and their criminal past?



    Hypocrites... all of them.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  15. #65
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    05-21-2008, 10:03 PM
    skyvoyager
    Senior Member
    Join Date: Aug 2005
    Posts: 2,555



    Re: Artchannel´s Eddie Vakser arrested
    Quote:
    Originally Posted by skyvoyager
    The Zyskinds' ripped off the mentally ill and disabled... and went to prison for it. These are the very same sort of helpless people Adolph Hitler began exterminating before he turned his terror toward the Jews. How could these rabbis not know about the Frady's and their criminal past?

    Hypocrites... all of them.


    ALL IN THE CRIMINAL FAMILY

    More on Beryl Frady's criminal brother-in-law (a disbarred lawyer) and nephew:


    New York Sun: November 30, 2004

    ADULT-HOME OPERATOR SENTENCED TO PRISON TIME The former operator of an embattled adult home in Queens was sentenced to between one and three years in prison yesterday for engaging in a mortgage fraud scheme to bilk his own nonprofit of more than $2 million.

    Dressed in a turquoise winter coat and sporting a gray beard in State Supreme Court yesterday, Sherman Taub, 60, issued a statement of apology to the elderly residents who suffered substandard care at his Ocean House in Far Rockaway. When court officers attempted to place handcuffs on Mr. Taub, he physically resisted, twitching his hands in different directions, before disappearing from a Lower Manhattan courtroom.

    His son, Judah Taub, 36, was sentenced to three years' probation for his involvement in the scam on the condition that he pay what prosecutors estimated to be $1.65 million in back taxes.

    http://www.nysun.com/new-york/new-yo...04-11-30/5515/

    http://query.nytimes.com/gst/fullpag...pagewanted=all

    More on the Jewish mafia-like conspiracy between these slimeballs
    http://www.cqc.state.ny.us/pressrele...nhousedapr.htm

    Once again... these are the sort of criminal scumbags Eddie Vakser has brought into Artfest
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  16. #66
    Join Date
    Jun 2010
    Posts
    6,677
    Post Thanks / Like

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    Is there something that can be done to 'clean' up the posts? They are very difficult to read. I don't know where one quote begins and one ends.

  17. #67
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    I will clean this thread up as time permits. I was grabbing posts from the Google cache as quickly as possible before they disappeared into internet history. Skyvoyager wanted his thread saved after Geroge Dranichak hard deleted it from Scam. Did Vakser send a fake lawyer's letter, send a real lawyer's letter, file suit or make ol' porn spammer Geroge an offer he couldn't refuse???

    Soapboxmom
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  18. #68
    Join Date
    Jun 2010
    Posts
    6,677
    Post Thanks / Like

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    OK. No problem. I can wait.

  19. #69
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    06-15-2008, 03:12 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    I'm going to go out on a limb and declare Artfest "dead" for all intents and purposes. Eddies' grandiose press releases have stopped. The only thing apparently still going on is the penny stock scam... currently worth less than a penny a share.



    The multi-million dollar mainstream art and decor MLM "Home Interiors & Gifts" filed for Chapter 11 Bankruptcy protection in April 2008 and is reorganizing. The late Mary Crowley, sister-in-law of makeup maven Mary Kay Ash, founded Home Interiors in 1957.


    http://www.dentonrc.com/sharedconten...s.3b614fb.html



    If Home Interiors --with its' 70,000-100,000 home party reps-- couldn't make it, what chance does a two bit scammer like Eddie Vakser have?



    Artchannel & Artfest were scams from the start. Good riddance!









    Last edited by skyvoyager : 06-15-2008 at 03:31 PM.




    07-09-2008, 01:23 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    STANLEY A. LEITNER


    (Owner/ founder of MEGAFUND and International Galleries, Inc)


    SENTENCED TO 17 ½ YEARS IN FEDERAL PRISON


    FOR RUNNING INVESTMENT FRAUD SCHEME



    More than 100 Victims Defrauded of Approximately $15 Million


    http://www.usdoj.gov/usao/txn/PressR...er_sen_pr.html

    08-17-2008, 02:55 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    No posts in over two months now.



    No news... no PR blasts... no buzz



    No evidence of significant members



    No evidence of significant art sales



    No visitors to the Artfest website...


    http://siteanalytics.compete.com/art...com/?metric=uv



    Same for Artchannelgalleries.com...


    http://siteanalytics.compete.com/art...com/?metric=uv



    Artfest stock (ARTI.OB) is barely worth half a penny per share (0.0065)



    I think it's safe to say this thing is dead.



    Chalk up another successful failure for Eddie and Angie.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  20. #70
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    08-19-2008, 07:44 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    Form 10-Q for ARTFEST INTERNATIONAL INC


    19-Aug-2008


    Quarterly Report





    INCOME



    "We generated operating revenues of $24,724 for the three months ended June 30, 2008"



    EXPENSES & LOSSES"



    We had $131,739 of selling general and administrative expenses in the three months ended June 30, 2008"



    "We had $858,600 of selling general and administrative expenses in the six months ended June 30, 2008"



    "The company had a net loss of $96,613 and $842,490 for the three months and six months ended June 30, 2008"






    This much ballyhooed, publicly traded company could only manage to scrape together $6k per month for the past quarter.... and has lost nearly $850k in the past 6 months.



    What's the point of this if not to generate losses for other people (i.e. Eddies' silent partners) who need them?




    09-19-2008, 12:59 AM




    Junior Member


    Join Date: Sep 2008


    Posts: 4






    Re: Artchannel´s Eddie Vakser arrested


    It ain't dead and it never seems to go away. Indeed, stocks went up a hair with the announcement of a new hire. Houses can be lost and marriages strained to the breaking point, but it never seems to go away. The dream of getting something from nothing leads to a brother betraying a brother. What does it matter if one steals money from one who has stolen from another?



    Anyway, back on track - stains of Ecine' creep up when the latest info is viewed about the A Channel. Can a composite truck be dressed up to look like an asset in an HD world? The answer has always been yes when it comes to loose money, tight interpretation and an uneducated clientel.



    http://investing.businessweek.com/re...symbol=ARTI.OB tells a tale I have heard before. I heard this story shortly before a bunch of equipment showed up at the shop and was hastily labeled with old bar code numbers. I heard this when all the DVDs were supposed to come out. I heard this when a 3D channel that sucked dollars but never broadcast was conceived. I remember the ISI dream and I hear its echo and I wonder about those who are signing on now. Will they lose like I lost - like my friends lost? Will they be sucked in so deep that they pass on the wrong even when they know it ain't right? I did. I towed the company line even though I knew it was wrong and I would be just as much a victim as those I assured on the telephone. I still don't know why I did that - just that I'll never put myself there again for fear of forgetting.



    Mostly I feel for TV. I must be hard living like that. I understand that things are shakey - replacements are available in Russia from what I understand, although it can be expensive. I believe that one should change one's ways, make a viable - real business, pay off the government, and take care of one's family. It takes some time, but putting it off might get you lonely sitting in Georgia wondering why you didn't learn to fix shoes when you had the chance and all the TNT in plano can't dig you out of the hole.




    09-19-2008, 03:56 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    All Eddie does is make grandiose announcements in order to pump up his penny stock. Go down the list and see how many have actually amounted to anything.



    Bullsh*t is cheap...and that's all he sells!!!






    Last edited by skyvoyager : 09-19-2008 at 04:01 PM.




    10-12-2008, 05:00 PM




    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    More BIG plans by Fast Eddie (these press releases are full of grammatical errors so I assume Eddie wrote them himself.. again):



    Artfest International, Inc. Acquires "State-of-the-Art" Audio/Video Operational Center




    (Define "aquire." In "Eddie-speak" that means a "lease")



    Award Winning Film and Television Director, Producer and Writer Jack Weis Joins Artfest International, Inc.





    (Actually, here's Jack's filmography. It appears he wrote, directed and produced three ultra cheap, virtually unknown horror-type flicks over 30 years ago... even acted as cinematographer on one. He was part of the "miscellaneous crew" on the James Bond "Live and Let Die" movie in 1973. Nothing about any awards... my guess is he gave one to himself. More vintage bullsh*t from Eddie)





    Artfest International, Inc. Launches Global Social Art Network Rivaling MySpace and YouTube




    (OMG... "rivaling MySpace and YouTube"???? What is HE smokin'? )



    Ironically... Artfest stock is at $.008 cents.. that's eight thousandths of a penny... per share. One thing Eddie knows is how to con, scam, hype and steal other people's money!!!








    Last edited by skyvoyager : 10-12-2008 at 05:36 PM.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  21. #71
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    10-16-2008, 11:53 AM



    Senior Member

    Join Date: Aug 2005

    Posts: 2,558

    Re: Artchannel´s Eddie Vakser arrested


    I've had a report that Eddie Vakser was arrested this summer on a domestic violence charge. Can anyone confirm?

    10-20-2008, 11:33 AM




    Junior Member

    Join Date: Sep 2008

    Posts: 4


    Re: Artchannel´s Eddie Vakser arrested


    I worked with a family member last month and did not hear that story - not that home life is stable. After losing a house and getting ripped by a brother, there are unhappy consequences. Eddie is apparently having sever financial setbacks and still hangs on to this big art loss thing. It would make me feel sorry for the guy if he actually had a soul. It's his brother that is the real bad guy.

    11-27-2008, 04:58 PM




    Senior Member

    Join Date: Aug 2005

    Posts: 2,558


    Re: Artchannel´s Eddie Vakser arrested


    Quote:
    Originally Posted by FrmrISIloser




    I worked with a family member last month and did not hear that story - not that home life is stable. After losing a house and getting ripped by a brother, there are unhappy consequences. Eddie is apparently having sever financial setbacks and still hangs on to this big art loss thing. It would make me feel sorry for the guy if he actually had a soul. It's his brother that is the real bad guy.

    Eddie's problems are the result of his own unethical actions. Nothing he invents ever comes to pass. He's a con-man full of steaming bullsh*t and simply cannot be trusted. He a total loser and deserves the fate he's created.


    12-01-2008, 06:45 AM


    FrmrISIloser



    Junior Member



    Join Date: Sep 2008



    Posts: 4






    Re: Artchannel´s Eddie Vakser arrested



    Quote:

    Originally Posted by skyvoyager


    Eddie's problems are the result of his own unethical actions. Nothing he invents ever comes to pass. He's a con-man full of steaming bullsh*t and simply cannot be trusted. He a total loser and deserves the fate he's created.



    Copy that. I would not trust Eddie with my wallet. Vlad I would not trust with my back! But for some reason, he is out there doing the same thing in the old business. Makes me throw up a little, in my mouth, when I see him at a trade show. Then I feel better knowing I don't work for him anymore!!!


    12-03-2008, 10:26 AM








    Senior Member



    Join Date: Aug 2005



    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested




    Quote:

    Originally Posted by FrmrISIloser



    Copy that. I would not trust Eddie with my wallet. Vlad I would not trust with my back! But for some reason, he is out there doing the same thing in the old business. Makes me throw up a little, in my mouth, when I see him at a trade show. Then I feel better knowing I don't work for him anymore!!!



    Someone once told me that these guys secretly boasted of ties to the Russian mafia. Anyone else ever hear that? I personally think they're all full of crap but it wouldn't surprise me who they crawl in bed with.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  22. #72
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    12-22-2008, 05:17 PM


    FrmrISIloser


    Junior Member


    Join Date: Sep 2008


    Posts: 4






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Someone once told me that these guys secretly boasted of ties to the Russian mafia. Anyone else ever hear that? I personally think they're all full of crap but it wouldn't surprise me who they crawl in bed with.

    Their ties to the Russian Mafia may have applied to their dad, but not them. They were youngish when they got here and much younger when they left their Cossack homeland. If they have any ties at all, it would probably be in the form of delinquent loans under former names. Their money management skills would have them already killed in any normal mafia thing. Some of their associates, I would not be surprised if they were beholden to some org crime thing.



    12-23-2008, 10:26 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by FrmrISIloser


    Their ties to the Russian Mafia may have applied to their dad, but not them. They were youngish when they got here and much younger when they left their Cossack homeland. If they have any ties at all, it would probably be in the form of delinquent loans under former names. Their money management skills would have them already killed in any normal mafia thing. Some of their associates, I would not be surprised if they were beholden to some org crime thing.

    I think it's just more Eddie & Vladimir bullsh*t.. a big bluff they pull out anytime someone threatens them. They're both lying, theiving weasels.. their record proves it.



    PS: As of today... a share of Artfest stock is 3/1,000ths of a penny... it's worthless.. just like these slimeballs.



    12-23-2008, 10:34 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    Jack Stadtman (aka. Jack S.) owns a large company called Advanced Art where he manufactures truck loads of inexpensive "wall decor" (primarily framed prints). He controls an entire block or two of old buildings on both sides of the street. In 2003 this area was converted by a movie company into the streets of an Iraqi city for the filming of "Saving Jessica Lynch." To my knowledge, Eddie had nothing to do with this production.

    Rather than having the facades removed after filming, Jack opted to keep it all in place in hopes of more movie and defense industry business. Read more:


    Dallas Peace Center -






    Jack's property is just south of Gillie's nightclub. For awhile Eddie was producing some fledgling country music show for Jack which supposedly could be seen on some satellite channel. I'm told this was done in Jack's building across the street from Advanced Art.



    My guess is Eddie tried to scam Jack (or vice versa) as both are reportedly suing each other. The thing is, Jack is a man with VERY deep pockets (I think he drives a $200,000 Bentley for God's sake) and isn't likely to roll over for this broke-ass Russian pip-squeak. If by some miracle Artchannel did start to make money it would probably wind up in Jack's pocket. For now, your $5,000 investment will likely go to Eddie's lawyer or into his personal offshore account rather than into building a thriving company. Can't say you've not been warned!!! :rolleyes:



    Anyone have an update on Eddies' old nemisis --and lawsuit advisary-- Jack Stadtman? I've received a couple of rumors but want to confirm first.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  23. #73
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    12-26-2008, 06:05 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    A search reveals a bankruptcy petition has been filed by "Jack Michael Stadtman" but am not sure if it's the same Jack.



    Then there's this-- political contributions made to Democratic candidates:



    J David Hardt


    Dallas, TX 75206


    Advanced Art/CFO


    $34,073


    01/15/2007-11/05/2008



    Jack Stadtman


    Dallas, TX 75215


    (Information Requested)


    $2,500


    07/24/2007-07/24/2007


    http://www.campaignmoney.com/politic...rica.asp?spg=4



    Joseph David Hardt also shows up as CFO of "Mill Creek Press" --another of Jacks' companies.


    Advanced Art, Dallas, TX



    Company Name: Mill Creek Press, Incorporated


    Address: 2200 Cockrell Ave, Dallas, TX 75215-2503


    Alt Business Name: Advanced Art


    Location Type: Single Location


    Est. Annual Sales: $14,600,000


    Est. # of Employees: 100


    Est. Empl. at Loc.: 100


    Year Started: 1984


    State of Incorp: TX


    SIC #Code: 5023


    Contact's Name: Jack Stadtman


    Contact's Title: President


    NAICS: Home Furnishing Merchant Wholesalers



    However, the weblink www.millcreekpress.com on the Manta report (above) goes to a vanity book publishing company registered to some guy in Utah.




    01-19-2009, 09:28 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    If webtraffic and stock price are any indicators, this thing is dead!









    Stock price: 0.0035 cents (3-1/2 thousandths of a penny)


    Symbol Lookup from Yahoo! Finance



    No wonder.. read this pathetic 10K report. This is the best spin they can give and even they admit they are teetering on the brink of disaster


    http://biz.yahoo.com/e/090114/arti.ob10ksb_a.html



    Despite it all.. Fast Eddie spews out another press release.


    http://biz.yahoo.com/iw/081229/0462515.html




    01-20-2009, 07:15 AM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    (Another reader comments):



    This is a revised 2007 filing! They are still trying to get in SEC compliance!



    Their most recent current filing was September 30, 2008.


    http://www.sec.gov/Archives/edgar/da...0qa-093008.htm



    I was especially interested in what was said on page F11


    "As of the report date, the Company is in default on all of its short term notes payable to shareholders and non-shareholders. Management has not formulated a repayment plan, and no contingency plan has been established in the event that the lenders seek legal remedies."



    If you look at the loans on this page you will see dates seem to show a Ponzi. The last loan went to pay just enough of the prior loans to prevent legal action and bankruptcy.


    Also on page F11 is a bailout! Eddie put everyone on notice he's looking for a job!



    "Note 7 - Related party transactions



    The officers and directors of the Company are involved in other business activities and may, in the future become involved in other business opportunities. If a specific business opportunity becomes available, such person may face a conflict in selecting between the Company and their other business interest. The Company has not formulated a policy for the resolution of such conflicts."



    Maybe even better! Look at page F4. For the first 9 months of 2008 the LOSS increased by 545% over 2007!!!!!!!!
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  24. #74
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    08-22-2009, 02:03 PM




    Junior Member

    Join Date: Aug 2009

    Posts: 4


    Re: Artchannel´s Eddie Vakser arrested


    You sound like a nut bar who lost money. Well, that is the risk of investing. Next time spend more time on your DD.


    08-25-2009, 01:39 PM




    Senior Member

    Join Date: Aug 2005

    Posts: 2,558


    Re: Artchannel´s Eddie Vakser arrested


    Quote:
    Originally Posted by htx46a09


    You sound like a nut bar who lost money. Well, that is the risk of investing. Next time spend more time on your DD.
    Sorry Charlie.. never invested --nor lost-- one red cent with Eddie V. Tell ya what, go right ahead and invest every dime you can scrape up and let me know how yer doing a year from now. While you're at it, just disregard the disasterous business history of Eddie and the Vakser's.

    Eddie got a major hard on while involved with the defunct International Galleries, Inc art scam. As it was imploding he was looking for ways to revive it. Only a genius like him could lump crappy art prints, ****** drinks and lord knows what into an MLM. He has used his viewerless TV channel come on

    so many times it's a joke. IMO everything he's doing is to support his penny stock scam.

    ARTI.OB.... you can buy 417 shares today for a PENNY!!! LOL. Their biggest investor--Jacob D. Cohen-- owns 840,000 shares... worth a whopping $2,016.

    11-22-2009, 01:27 PM



    Junior Member

    Join Date: Nov 2009

    Posts: 2

    Re: Artchannel´s Eddie Vasker arrested


    Quote:
    Originally Posted by skyvoyager

    (The following was sent my way from a confidential source. I have no personal knowledge of these events or circumstances):


    Eddie Vakser is scheduled to appear in a Dallas area court on April 9th on charges that he defaulted on a loan of $40,000.00. The plaintiff/ victim is a 70 year old widow named Pat McQueary. According to the source, Eddie "begged" this old woman to grant him this loan in order to enable him to manufacture and market his ****** drinks.


    The source reports, Eddie signed over the title to a “TV satellite truck” as collateral. When Eddie defaulted on payment to Mrs. McQueary, Constables were dispatched to seize the truck for non-payment. Reportedly, Eddie has been hiding the vehicle in order to avoid reposession. According to public records the truck was last registered at Eddie's sister's house (Angie Tassen). http://www5.publicdata.com/cgi-win/p...74220362FCB082




    Source reports the license plate should read "9MN-Y66" (though public records show it as "42M-HH3"). Records also show this is the truck that Eddie "took" from IGI (note the two companies listed as joint owners).

    http://www5.publicdata.com/cgi-win/p...74220362FCB082 I am not sure if this transfer of property was approved by Paul Myer or not.



    If anyone sees this vehicle at the "SUPER STAR SATURDAY EXTRAVAGANZA" at Silverado Ranch this weekend, please contact law enforcement officials so it may be legally reposessed for the benefit of Mrs. McQueary.



    (ps: if any of these statements are in error please feel free to set the record straight)

    The last time I saw that truck,it was being used in the Texas Music Festvals with Jack S.,that has been a while ago,butI do know that Jack has all of Eddieds production equipment stored somewhere ,it used to be in his warehouse where the production Co was located,but it all has been moved to another location,all that is left in the WH is empty boxs that cameras,lights etc were kept,it was the largest gathering of film equipment I had seen outside of Hollywood,I'm sure the truck is not far from the equipment,Eddie only needed the title to borrow the money,he didn't need the truck,Jack had bought it /ordered a new one,4 years ago when I was working with them all as a director/producer/friend/artist and ideas that were used and only me being shuffled out and away by Jack after they were finished with me....later my revenge partly fell into place...I finally parted company with Jack,lasy year....good bye to them all...bfoxx121
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

  25. #75
    Join Date
    Jun 2010
    Location
    Mars
    Posts
    9,232
    Post Thanks / Like
    Blog Entries
    3

    re: Eddie Vakser / ProTek Capital Group Inc. / MJVentureCapital / Suti / International Galleries Scam

    11-22-2009, 01:36 PM


    bfoxx121


    Junior Member


    Join Date: Nov 2009


    Posts: 2






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by skyvoyager


    I'm going to go out on a limb and declare Artfest "dead" for all intents and purposes. Eddies' grandiose press releases have stopped. The only thing apparently still going on is the penny stock scam... currently worth less than a penny a share.



    The multi-million dollar mainstream art and decor MLM "Home Interiors & Gifts" filed for Chapter 11 Bankruptcy protection in April 2008 and is reorganizing. The late Mary Crowley, sister-in-law of makeup maven Mary Kay Ash, founded Home Interiors in 1957.


    http://www.dentonrc.com/sharedconten...s.3b614fb.html



    If Home Interiors --with its' 70,000-100,000 home party reps-- couldn't make it, what chance does a two bit scammer like Eddie Vakser have?



    Artchannel & Artfest were scams from the start. Good riddance!

    -------


    When I first met Jack S.,he told me his 1st real-estate deal was buying and selling the Mary Kay house to a Basketball player with the Mavericks,on or near the same day as he bought it...he was such a liar,who knows what is right,I do know a lot about them all and names of all their friend ,new friends from France/Belgium/Holland professional cons all of them...they all worked me or tried including Jack S....most of the time their greed exspose's them...all but Jack,he has deep pockets and can take his time,but sometimes he does screw up and gets sloppy...it is more of a game,using people is just how he keeps score...



    11-24-2009, 04:31 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    Quote:


    Originally Posted by bfoxx121


    -------


    When I first met Jack S.,he told me his 1st real-estate deal was buying and selling the Mary Kay house to a Basketball player with the Mavericks,on or near the same day as he bought it...he was such a liar,who knows what is right,I do know a lot about them all and names of all their friend ,new friends from France/Belgium/Holland professional cons all of them...they all worked me or tried including Jack S....most of the time their greed exspose's them...all but Jack,he has deep pockets and can take his time,but sometimes he does screw up and gets sloppy...it is more of a game,using people is just how he keeps score...
    WTF????? Mary Kay Ash died Nov 22, 2001... years after Jack had become a big shot art & wall decor mogul and vendor to Home Interiors & Gifts. At that time Jack purportedly owned a huge, block long strip of industrial buildings south of downtown Dallas... his own mini-version of the company his deceased dad founded --Dallas Woodcraft (purchased by HI).



    So with all this going on and all his ''millions''... Jack takes the time to become... a REALTOR? And Mary Kay's home was his first sale?



    Ehhhh... I guess it's possible.. but it sounds like vintage Jack B.S. to me. The basketball player story fits as HI's owner was Don Carter (former owner of the Dallas Mavericks). Jack seemed obsessed with gaining the attention and approval of Carter. But if this real estate sale story is bogus.. why make crap like this up? That should tell you something.



    What's interesting to me is when two guys like Jack and Eddie form a partnership with each trying to screw the other. Last I heard they were suing each other over lord knows what. Any info on that?




    ###



    Last edited by skyvoyager : 11-24-2009 at 04:59 PM.



    02-10-2010, 07:24 PM


    skyvoyager


    Senior Member


    Join Date: Aug 2005


    Posts: 2,558






    Re: Artchannel´s Eddie Vakser arrested


    One of Eddie's recent PR blitzes proclaims that 82 year old "Dr. Ernest Vandeweghe Joins Artfest Board of Advisors: Ex-NBA player, former Owner of Los Angeles Lakers, and Prominent Sports Medicine Doctor to Support Expansion of Artfest's Sports Business






    I find it odd that his Wikipedia page mentions nothing about him "owning" the LA Lakers. The best a Google search could turn up about Doc Vanderweghe was...



    "After retiring from professional sports, Dr. Vandeweghe served as team physician and team consultant for the Los Angeles Lakers"


    http://www.zoominfo.com/people/Vande..._70982799.aspx



    That's a far cry from being owner.. or majority owner.



    If someone can produce some evidence to back up this claim I'm sure we'd all like to see it. Otherwise I'll be forced to call Eddie a LYING SCAMMER.... again
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •