globalonegroup.net

obe won kanobe

Recruit
Messages
5
San Diego lawsuit

Case Number: 37-2009-00082565-CU-FR-CTL Date Filed: 02/03/2009
Case Title: Martin Mechling vs. Global One Group LLC Case Status: Pending
Case Category: Civil - Unlimited Location: Central
Case Type: Fraud Judicial Officer: Charles R. Hayes
Case Age: 372 days Department:
Next Event Type: Next Event Date:

Display: All Entries Filing Information Only Scheduling Information Only
Entry Date Short/Long Entry Filed By
02/08/2010 Minutes finalized for Civil Jury Trial heard 02/05/2010 09:00:00 AM.
02/08/2010 Judgment rendered, Mr. Kirby directed to prepare the judgment.
02/08/2010 Verdict rendered.
02/08/2010 Jury trial resumed.
02/05/2010 Stipulation and Order for Return of Exhibits filed by Mechling, Martin; Young, Richard. Mechling, Martin (Plaintiff); Young, Richard (Defendant)
02/05/2010 Civil Jury Trial scheduled for 02/05/2010 at 09:00:00 AM at Central in C-66 Charles R. Hayes.
02/05/2010 Civil Jury Trial scheduled for 02/04/2010 at 09:00:00 AM at Central in C-66 Charles R. Hayes.
02/04/2010 Minutes finalized for Civil Jury Trial heard 02/04/2010 09:00:00 AM.
02/04/2010 4:21 pm Court is adjourned until 02/05/2010 at 09:00 AM in Department C-66.
02/04/2010 Jury trial resumed.
02/04/2010 Minutes finalized for Civil Jury Trial heard 02/03/2010 09:15:00 AM.
02/04/2010 Minutes finalized for Civil Jury Trial heard 02/03/2010 09:15:00 AM.
 

obe won kanobe

Recruit
Messages
5
San Diego trial

Search for the San Diego Courthouse then case search and Global One Group. Ricky bow just got his a!! whooped. Read about his jury trial for fraud.

Case # 37-2009-00082565-CU-FR-CTL

for further info the courthouse can be contacted at:Hall of Justice Courthouse
Civil Filing/Records,2nd Floor
330 West Broadway
San Diego, CA 92101
(619) 450-7275
 

obe won kanobe

Recruit
Messages
5
CONSENT ORDER 1 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
STATE OF WASHINGTON
DEPARTMENT OF FINANCIAL INSTITUTIONS
SECURITIES DIVISION
IN THE MATTER OF DETERMINING
Whether there has been a violation of the
Securities Act of the State of Washington by:
Rick Young,
Respondent
)
)
)
)
)
)
)
Order Number S-07-483-08-CO01
CONSENT ORDER
INTRODUCTION
Pursuant to the Securities Act of Washington, RCW 21.20, the Securities Division of the Department of Financial Institutions (“Securities Division”) and Respondent, Rick Young, do hereby enter into this CONSENT ORDER in settlement of the matters alleged herein. Respondent neither admits nor denies the Findings of Fact and Conclusions of Law stated below. Nothing in this Consent Order is intended to be construed as an admission in another proceeding in which the Securities Division, Department of Financial Institutions, State of Washington is not a party.
FINDINGS OF FACT
I. RESPONDENT
1.
Rick Young (“Young”) is a resident of Montana.
II. NATURE OF THE OFFERING
2. Between June 2004 and July 2004, Young offered and sold an investment in an unnamed gold and/or foreign currency exchange program to at least 1 Washington investor. The investor was neither accredited nor sophisticated.
CONSENT ORDER 2 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
3. Young was introduced to the Washington investor through a mutual acquaintance and made contact by telephone. Young promised the Washington investor a return of the initial investment within ninety days. From that day forth, and for a period of one year, Young promised the Washington investor a monthly return of double the initial investment. As a result of these claims, the Washington investor described above mailed two certified checks, totaling $6,000, to Young’s personal account located in the State of Montana. The Washington investor did not receive any offering documents, financial statements or other written documentation.
III. MISREPRESENTATIONS AND OMISSIONS
4. Young failed to provide material information regarding the investment
including, but not limited to, prospectus information such as financial statements, use of proceeds, and general and specific risk factors involved in the investment.
IV. REGISTRATION STATUS
5. Rick Young is not currently registered as a securities salesperson or
broker-dealer in the State of Washington and has not previously been so registered.
Based upon the Findings of Fact, the following Conclusions of Law are made:
CONCLUSIONS OF LAW
1. The offer and sale of the investment described above constitutes the offer and sale of a security as defined in RCW 21.20.005(10) and (12).
2. In connection with the offer and sale of said securities, Respondent, Rick Young violated RCW 21.20.010 because, as set forth in the Findings of Fact, Respondent made
CONSENT ORDER 3 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
misstatements of material facts and/or omitted to state material facts necessary in order to make the statements made, in light of circumstances under which they were made, not misleading and/or engaged in acts and practices that operated as fraud or deceit.
3. Rick Young violated RCW 21.20.140 by offering and selling unregistered securities.
4. Rick Young violated RCW 21.20.040 by offering and selling said securities while not registered as a securities salesperson or broker-dealer in the State of Washington.
CONSENT ORDER
Based upon the foregoing and finding it in the public interest:
IT IS AGREED AND ORDERED that Respondent, Rick Young, and his agents and employees each shall cease and desist from offering or selling securities in violation of RCW 21.20.140, the securities registration section of the Securities Act of Washington.
IT IS FURTHER AGREED AND ORDERED that Respondent, Rick Young, and his agents and employees each shall cease and desist from acting as unregistered securities broker-dealers or salespersons in violation of RCW 21.20.040, the broker-dealer and securities salesperson registration section of the Securities Act of Washington.
IT IS FURTHER AGREED AND ORDERED that Respondent, Rick Young, and his agents and employees each shall cease and desist from violating RCW 21.20.010, the anti-fraud section of the Securities Act of Washington.
IT IS FURTHER AGREED AND ORDERED that Respondent, Rick Young, shall pay investigative costs of $2500 to the Securities Division prior to the entry of this order.
CONSENT ORDER 4 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
IT IS FURTHER AGREED that the Securities Division has jurisdiction to enter this Consent Order.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
IT IS FURTHER AGREED that in consideration of the foregoing Respondent, Rick Young, waives his right to a hearing in this matter and judicial review of this Consent Order.
IT IS FURTHER AGREED that Respondent, Rick Young, enters this Consent Order freely and voluntarily.
SIGNED this 15th day of July, 2008
Approved for Entry by:
____________________/s/___________________________
R. Christopher Reade, Attorney for Respondent Rick Young
Reade & Associates, Nevada Bar No. 6791
Signed by:
____________/s/________________
Rick Young, an individual
---------------------------------------------------------------------------------------------------------------------
DATED AND ENTERED this 8th day of August, 2008
MICHAEL E. STEVENSON
Securities Administrator
Approved by:
Presented by:
Martin Cordell
Patrick Kim
Chief of Enforcement
Enforcement Attorney
 

obe won kanobe

Recruit
Messages
5
STATEMENT OF CHARGES AND NOTICE OF
INTENT TO ENTER ORDER TO CEASE AND DESIST
AND TO CHARGE COSTS AND IMPOSE FINES
1 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
STATE OF WASHINGTON
DEPARTMENT OF FINANCIAL INSTITUTIONS
SECURITIES DIVISION
IN THE MATTER OF DETERMINING
Whether there has been a violation of the
Securities Act of the State of Washington by:
Rick Young,
Respondent
)
)
)
)
)
)
)
)
Order Number S-07-483-07-SC01
STATEMENT OF CHARGES AND NOTICE OF INTENT TO ENTER ORDER TO CEASE AND DESIST AND TO CHARGE COSTS AND IMPOSE FINES
THE STATE OF WASHINGTON TO:
Rick Young
STATEMENT OF CHARGES
Please take notice that the Securities Administrator of the State of Washington has reason to believe that Respondent, Rick Young, has violated the Securities Act of Washington and that his violations justify the entry of an order of the Securities Administrator under RCW 21.20.390 against him to cease and desist from such violations, imposing fines pursuant to RCW 21.20.395, and charging costs pursuant to RCW 21.20.390(5). The Securities Administrator finds as follows:
TENTATIVE FINDINGS OF FACT
I. RESPONDENT
1. Rick Young (“Young”) is a resident of Montana.
II. NATURE OF THE OFFERING
2. Between June 2004 and July 2004, Young offered and sold an investment in an unnamed gold and/or foreign currency exchange program to at least one Washington investor.
STATEMENT OF CHARGES AND NOTICE OF
INTENT TO ENTER ORDER TO CEASE AND DESIST
AND TO CHARGE COSTS AND IMPOSE FINES
2 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
The investor was neither accredited nor sophisticated in financial matters or investments. The investor did not participate in the management of the investment.
3. Young was introduced to the Washington investor through a mutual acquaintance and made contact by telephone. Young promised the Washington investor a return of the initial investment within ninety days. From the day the principal was returned, and for a period of one year, Young promised the Washington investor a monthly return of double the initial investment. As a result of these oral claims, the Washington investor mailed two certified checks, totaling $6,000, to Young’s personal account located in the State of Montana. The Washington investor did not receive any offering documents or written information about the investment.
III. MISREPRESENTATIONS AND OMISSIONS
4. Young failed to provide material information regarding the investment
including, but not limited to, prospectus information such as financial statements, use of the proceeds from the offering, and general and specific risk factors involved in the investment.
IV. REGISTRATION STATUS
5. Rick Young is not currently registered as a securities salesperson or
broker-dealer in the State of Washington and has not previously been so registered.
Based upon the Tentative Findings of Fact, the following Conclusions of Law are made:
CONCLUSIONS OF LAW
6. The offer and sale of the investment described above constitutes the offer and sale of a security as defined in RCW 21.20.005(10) and (12).
7. Rick Young violated RCW 21.20.040 by offering and selling said securities while not registered as a securities salesperson or broker-dealer in the State of Washington.
STATEMENT OF CHARGES AND NOTICE OF
INTENT TO ENTER ORDER TO CEASE AND DESIST
AND TO CHARGE COSTS AND IMPOSE FINES
3 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
8. Rick Young violated RCW 21.20.140 by offering and selling unregistered securities.
9. In connection with the offer and sale of said securities, Respondent, Rick Young violated RCW 21.20.010 because, as set forth in the Tentative Findings of Fact, Respondent made misstatements of material facts and/or omitted to state material facts necessary in order to make the statements made, in light of circumstances under which they were made, not misleading and/or engaged in acts and practices that operated as fraud or deceit.
NOTICE OF INTENT TO ORDER THE RESPONDENTS TO CEASE AND DESIST
Pursuant to RCW 21.20.390, and based on the above Tentative Findings of Fact and Conclusions of Law, the Securities Administrator intends to order the Respondent, Rick Young, to cease and desist from violations of RCW 21.20.010, RCW 21.20.040 and RCW 21.20.140.
NOTICE OF INTENT TO IMPOSE FINES
Pursuant to RCW 21.20.395, and based upon the Tentative Findings of Fact and Conclusions of Law, the Securities Administrator intends to order the Respondent, Rick Young, be liable for and pay a fine of $5,000.
NOTICE OF INTENT TO CHARGE COSTS
Pursuant to RCW 21.20.390(5), and based upon the Tentative Findings of Fact and conclusions of Law, the Securities Administrator intends to order the Respondent, Rick Young, be liable for and pay the Securities Division the costs, fees and other expenses incurred in the
STATEMENT OF CHARGES AND NOTICE OF
INTENT TO ENTER ORDER TO CEASE AND DESIST
AND TO CHARGE COSTS AND IMPOSE FINES
4 DEPARTMENT OF FINANCIAL INSTITUTIONS
Securities Division
PO Box 9033
Olympia, WA 98507-9033
360-902-8760
conduct of the administrative investigation and hearing of this matter, in an amount not less than $1,500.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
AUTHORITY AND PROCEDURE
This STATEMENT OF CHARGES AND NOTICE OF INTENT TO ISSUE AN ORDER TO CEASE AND DESIST, IMPOSE FINES, AND CHARGE COSTS is entered pursuant to the provisions of RCW 21.20.390 and RCW 21.20.395 and is subject to the provisions of Chapter 34.05 RCW. The Respondent, Rick Young, may make a written request for a hearing as set forth in the NOTICE OF OPPORTUNITY TO DEFEND AND OPPORTUNITY FOR HEARING accompanying this Order.
If the Respondent does not request a hearing, the Securities Administrator intends to adopt the above Tentative Findings of Fact and Conclusions of Law as final, enter a permanent order against the Respondent to cease and desist from violations of the Securities Act of Washington and enter an order imposing the fine and charging costs, as described above.
DATED AND ENTERED this 26th day of December, 2007
MICHAEL E. STEVENSON
Securities Administrator
Approved by:
Presented by:
Martin Cordell
Patrick Kim
Chief of Enforcement
Financial Legal Examiner
 

Scott C.

Recruit
Messages
1
Oregon

Global One and Rick Young took us for $40,000, and promised the return on our investment. How do we go about suing him for a refund of our investment. How did Teresa Bounds and the Mechling group go about this? Others have invested and are not aware of this. Can anybody help?
 

DukeC7

Recruit
Messages
1
Advice for recovering funds?

Hello,

I'm new to this forum and apologize if this has been covered elsewhere and I couldn't find it.

Rick Young and his gang took $22000 of my families hard earned money. (I knew in the back of my mind I was doing something wrong when I mailed that cheque.)

Like Scott C. I'd like to know how we go about suing him for a refund of our investment.

Thank you in advance for your help.
Duke
 

newport27

Recruit
Messages
1
I also got taken by Rick his wife and Bill the pastor. Anyone know about the case on Montana and can send me info about the distribution of funds I heard was being done now?...Thanks for any help you can provide....
GOOD LUCK TO US ALL!!!!!!!!!!!!!!!!!!!!!!!
 
Top