1manband
1 month ago
SEC Charges Ex-CEO of View Systems, Inc. with Securities Fraud for Falsely Claiming the Company Was Engaged in Business Operations that It Was Not
Securities and Exchange Commission v. Juan [a/k/a John] Campo, No. 1:24-CV-2198 (D.D.C. filed July 26, 2024)
https://www.sec.gov/files/litigation/complaints/2024/comp26058.pdf
On July 26, 2024, the Securities and Exchange Commission charged Colombian resident Juan Campo, the former CEO of View Systems, Inc., with securities fraud for creating the false impression that View Systems was actively engaged in two potentially lucrative lines of business, temperature screening for Covid-19 and cannabis, and for including a fake audit report in a View Systems SEC filing.
The SECβs complaint, filed in the U.S. District Court for the District of Columbia, alleges that from July 2019 through July 2022, Campo made and disseminated numerous false statements in View Systems press releases, the companyβs Twitter account, company filings with the SEC, and on the companyβs website. As alleged in the complaint, Campo falsely and repeatedly represented that View Systems had acquired Sannabis S.A.S., a cannabis company, when Campo knew that View Systems had never completed this acquisition. The complaint also alleges that in late 2020βduring the height of the COVID-19 pandemicβCampo falsely represented that View Systems had developed a real time temperature screening product, when Campo knew View Systems had no such device, and could not build one unless it raised additional capital. In addition, the complaint alleges that in July 2022, Campo signed and certified View Systemsβ 2020 annual report which falsely represented the companyβs financial statements had been audited and included a fake audit report.
The SECβs complaint charges Campo with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and the certification provision of Exchange Act Rule 13a-14. The complaint also charges Campo with aiding and abetting the companyβs violations of the company reporting provisions, Exchange Act Section 13(a) and Rules 12b-20, 13a-1, and 13a-13 thereunder. The complaint seeks an injunction, an officer-and-director bar, a penny stock bar, and civil penalties against Campo.
The SECβs investigation was conducted by Ashley Sprague and Sachin Verma, and supervised by Lisa Deitch, Peter Rosario, and Stacy Bogert. The case will be litigated by Devon Staren, and supervised by Christopher Bruckmann. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
Opti Mist
2 years ago
Unbelievable email from John.
Dear New Colombia Resources (NCR) Stakeholders,
As 2022 closes out, I'd like to let everyone know that we have been developing our Concession Contract ILE-09551. Earlier this month we socialized our project again with the local community, committing to various social projects.
Yesterday we met in Guaduas with a team from the CAR (Environmental Agency) on our appeal of the decision to deny our environmental license. Unfortunately, we will need to submit a new application, but fortunately we have a team of engineers that is partnering with us to do so, at a cost of approx. US$ 150K that will take 7-8 months. We can organize our logistics and mining plan in the meantime.
My tentative plan is to apply to OTC Markets to list your shares, I've contacted Consultia USA, https://www.consultiausa.com/ to assist us in preparing our balance sheets and annual disclosures for 2021 and 2022. Once they're filed, we have an attorney that can provide an Opinion Letter. There is also the option of merging into an existing pubco.
Sannabis is in talks to be acquired by Ultimate Sports, Inc. (OTC: USPS), NCR has equity in Sannabis, which has been developing nicely. I think we accomplished the more material forward looking statements by NCR, mainly obtaining licenses, etc. You can follow us at www.sannabis.co.
I'm also in talks with miners from West Virginia interested in ramping up our coal operations. Recently they visited Guaduas and Puerto Dorado to look into a coal barge operation on the Magdalena River to Barranquilla. Ideally, we would coke our coal in Guaduas and ship Big Bags in Containers down the River to be exported.
They're coming back down in January with their mining engineers to develop a drill plan to determine how we will mine our coal.
It's important for you to know that coal miners and traders from all over the world are coming to Colombia. There is coal boom right now that I forsaw when nobody else did. Now it's time for me and my shareholders to collect rewards, all is not lost. This article is about demand for Colombian thermal coal, met coal is even in more demand, https://www.bnamericas.com/en/interviews/colombian-coal-stoking-high-hopes-for-growth
If, and when, NCR files to OTC Markets we will issue PR's and set up a Twitter page to keep you informed.
Thank you and Happy New Year.
Best regards,
John
John Campo
President
New Colombia Resources, Inc.
(1)-410-236-8200 USA (Office/WhatsApp)
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com