Russo Partnership
The curious part of the SEC's allegations against Frank Russo is the failure to name the "California Company" which Mr. Russo alleged transferred assets to. According to the complaint, Mr. Russo and an friend of this opened this company in 1993. Well, it is fairly straight forward to do a google cache search and find that Mr. Russo was the CFO for a California company, Veritasiti, and that the CEO is Mr. David G. Kinney. Veritasiti also is the registrant of two websites, mediadata.com and familymediaguide.com. Both of these companies do have active websites. There is another interesting fact, or rather strange fact. Mr. Russo has been granted access to approximately 9,000 a month for living expenses and up to $75,000 in legal fees, according to the SEC order.
(At least one newspaper commentator has referred to the 10% return as too good to be true. I don't see this, the alleged representation was a 10% return with no fees, and anything over 10% split 50/50. There doesn't seem to be an allegation of a guaranteed return of 10%.)
But what would I be suspicious of?
Technorati Tags: google cache, frank russo, california company, sec, straight forward, curious part, kinney, registrant, cfo, allegations, ceo, split, strange
Well for two companies apparently concerned with giving parents the ability to block or restrict internet access for their children, they apparently no nothing about google cache. While their own company forum is temporarily blocked, the google cache is very interesting. Would you believe in this company's claims if they that cannot keep their disgruntled employees vents on the company website from appearing in cache space?
Technorati Tags: google cache, frank russo, california company, sec, straight forward, curious part, kinney, registrant, cfo, allegations, ceo, split, strange
Comments
i am looking for a list of the partners, not all of the partners are aware of the situation and i think they should be made aware.
Posted by: john Ronan | June 12, 2006 11:31 AM
i am looking for a list of the partners, not all of the partners are aware of the situation and i think they should be made aware.
Posted by: john Ronan | June 12, 2006 11:46 AM
I may have the name of other partners involved in this scam. My mom has been wiped out at this point.
Posted by: Terry | June 13, 2006 7:06 PM