Federal Grand Jury Indicts 10 With 93 Charges in Illegal Stock Manipulation of BioTech Medics, Inc.
June 09 2010 - 8:00AM
Marketwired
BioTech Medics, Inc. (PINKSHEETS: BMCS) announced a Las Vegas
Federal Grand Jury has criminally indicted 10 persons with 93
felony counts. Keith Houser, Chairman/CEO of BioTech said: "For
years I have been making formal complaints on behalf of the
legitimate victim shareholders of BioTech Medics regarding illegal
stock manipulation, theft and forgery of shares, shorting and
massive failures to deliver of stock. Within the past 60 days the
U.S. Attorney General and a Federal Grand Jury felt the compelling
evidence was sufficient for an 85 page indictment against 10
persons including: Jeffrey G. Turino, formerly of Tampa who has
fled the USA to Europe and is using an assumed name to avoid arrest
and prosecution; John Edwards (formerly of Las Vegas) who is
currently incarcerated in England awaiting extradition to the USA;
Urban Casavant (allegedly in Canada); Nickolaj Vissokovsky (from
Tampa, now allegedly in Moscow); Melissa Spooner (from Pennsylvania
and Las Vegas -- now allegedly with Turino in Europe); Helen Bagley
and Jeffrey Mitchell of Las Vegas; Ginger Gutierrez and James
Kinney. All are considered innocent until adjudged guilty."
Mr. Houser said: "The Grand Jury vindicated the existing Board
of Directors and Officers of BioTech by stating: 'BioTech has
assets, revenues and substantial business activities. However,
unbeknownst to (Houser), the principals of HaloLaser BioTherapy,
LLC and Charles R. Crane MD & Associates, the coconspirators
and accomplices... were intent to perpetrate their fraudulent
scheme.'"
The indictment continues: "(Jeff) Turino's coconspirators and
associates were instrumental in attempting to conceal Turino's
involvement. The conspirators exploited (BioTech)... by
fraudulently issuing, reissuing and transferring, offering and
selling millions of shares of Corbel Holdings and BioTech Medics."
(Note: Turino, an adjudged illegal penny stock manipulator, had
been under a prior 2003 Court Order restraining Turino's
involvement with Penny Stocks.)
The government is seeking individual "in personam criminal
forfeiture" aggregates of over $140 Million in disgorgement and
restitution to BioTech Medics victims for the crimes committed if
the parties are found guilty. The grand jury has valued the
aggregate damages to BMCS at approximately $1.30 per share. BMCS is
currently trading at $.03. The indictment indicated several more
coconspirator indictments are expected!
BioTech has retained the Houston Law firm of Shepherd, Smith,
Edwards & Kantas, LLP. "The purpose of retaining the law firm
is to litigate, arbitrate, mediate and/or negotiate recovery of
claims for damages to BioTech arising out of illegal stock
manipulation, fraud, interstate transportation of forged or stolen
stock and other torts," said Keith Houser, CEO of BioTech. BioTech
commenced a civil lawsuit against Wells Fargo Bank and others in
January, 2010.
BioTech Medics owns and/or has affiliated BioTech Laser Pain
Management Centers in 3 states.
BioTech also manufactures SHBAN™ Alcohol Free Hand Sanitizer and
BioBody Nutriceutical Products.
This release may contain forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995
(the "Act").
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Contact: Tom Wood 972-274-5533
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