These guys are all long-time Governors.
on 5/24/05 12:40 PM, Marek at [EMAIL PROTECTED] wrote: > Just saw this (article below) in the business section of the St. > Louis Post Dispatch at: > > http://www.stltoday.com/stltoday/business/stories.nsf/story/6ADC7888C > 0F7009A8625700B001B74B7?OpenDocument > > The article says (in paragraph 6) that the company's headquarters > are in St. Louis but the administration and accounting offices are > in FF. "Quality of Life" sounds like a roo-type name. Does anyone > know who George Todt or David Todt are or know anything about > Quality of Life Health Corp.? Roo's or not roo's? > > Marek > ** > > Stock fraud draws suit from SEC > By Christopher Carey > Of the Post-Dispatch > 05/23/2005 > > The Securities and Exchange Commission has sued the investor- > relations specialist for Quality of Life Health Corp., alleging that > he orchestrated a fraudulent "pump and dump" scheme involving the > company's stock. > > The SEC obtained a temporary restraining order against George A. > Todt of Malibu, Calif., and froze his assets. > > The SEC alleges that Todt issued press releases containing false > claims that boosted Quality of Life's stock, then reaped at least > $800,000 in "ill-gotten gains" by selling inflated shares through an > account in another name. > > The agency said he split profits with traders who received Quality > of Life shares from him. > > Todt is a former Cape Girardeau, Mo., businessman. His brother, > David Todt, is Quality of Life's chief financial officer and a > member of its board of directors. > > The company uses a St. Louis County address as its headquarters in > SEC filings. However, its administrative and accounting offices are > in Fairfield, Iowa, and most of its operations also are elsewhere. > > George Todt did not respond to a request for comment. Neither did > Quality of Life or the SEC attorneys in Los Angeles, where the > complaint was filed Friday in U.S. District Court. > > The SEC suit also targeted Jeffrey H. Evans of Napa, Calif.; Ray > Slaback of Dakota, Minn.; and seven business entities. Their assets > also were frozen. > > The SEC said in its complaint that from March 2003 until at least > October 2004, Todt and others inflated the price of Quality of > Life's stock by issuing press releases claiming that the company > owned nursing homes worth $60 million. > > Those claims were repeated on Quality of Life's Internet site. Other > press releases discussed the company's revenue and earnings from its > nursing home subsidiary. > > Twice in the period covered by the SEC's suit, Quality of Life's > stock shot from roughly 50 cents a share to about $3.50 a share, > then slumped back to the earlier level. > > Quality of Life's shares trade on the over-the-counter market, which > largely consists of small companies with limited revenue, assets or > operating histories. > > Quality of Health issued a press release in December 2004 clarifying > the acquisition of the nursing homes. The company said the person > from whom it had agreed to buy the facilities had only an option to > purchase them and ultimately was unable to complete the deal. > > Quality of Life said last year that it had entered into an agreement > in December 2003 with the true owners to take over a select number > of the nursing homes. However, its deal to buy or lease seven of the > properties was not completed until December 2004. > > Quality of Life's shares closed Monday at 10.5 cents, up 0.5 cents. > > The SEC complaint alleges that George Todt orchestrated a second > scheme involving four other companies whose shares trade on the OTC > market. None is in Missouri or Illinois. > > The suit says George Todt was involved in distributing false and > misleading information about those companies and sought to > manipulate the market for shares in three of them. > Reporter Christopher Carey > E-mail: [EMAIL PROTECTED] > Phone: 314-340-8291 > > > > > To subscribe, send a message to: > [EMAIL PROTECTED] > > Or go to: > http://groups.yahoo.com/group/FairfieldLife/ > and click 'Join This Group!' > Yahoo! Groups Links > > > > > > -- Rick Archer SearchSummit 1108 South B Street Fairfield, IA 52556 Phone: 641-472-9336 Fax: 815-472-5842 http://searchsummit.com [EMAIL PROTECTED] To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
