Intertech Solutions Inc (CE) (ITEC) News

Did this morph into an empty shell? Thanks!!!

ITEC SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2020/34-88381.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-88381-o.pdf

https://www.sec.gov/litigation/admin/2020/34-88121.pdf

Glenn Story CHARGED!!

https://www.sec.gov/litigation/complaints/2019/comp24446-bevil.pdf

https://www.stockwatch.com/News/Item?bid=Z-U:*SEC-2860750&symbol=*SEC®ion=U

Who is next?

The U.S. Securities and Exchange Commission has reached a $252,464 settlement with Glenn Story, a Texas man charged as part of a scheme linked to Vancouver's William Scott Marshall. The deal with Mr. Story comes about 18 months after the SEC charged Mr. Marshall and his "right-hand man," B.C. resident David Naylor, for the Intertech scheme.

https://www.stockwatch.com/News/Item?bid=Z-U:*SEC-2860750&symbol=*SEC®ion=U

The U.S. Securities and Exchange Commission has reached a $252,464 settlement with Glenn Story, a Texas man charged as part of a scheme linked to Vancouver's William Scott Marshall. The deal with Mr. Story comes about 18 months after the SEC charged Mr. Marshall and his "right-hand man," B.C. resident David Naylor, for the Intertech scheme.

https://www.stockwatch.com/News/Item?bid=Z-U:*SEC-2860750&symbol=*SEC®ion=U

Interesting that ITEC was also named as one of the 41 tickers in those SEC charges filed in Florida and California on January 15th against 8 individuals. Im beginning to wonder if these SEC charges are related somehow.

ITEC: SEC Litigation:

https://www.sec.gov/litigation/litreleases/2019/lr24657.htm

SEC Charges 15

The Securities and Exchange Commission charged fifteen individuals with acting as unregistered brokers or aiding-and-abetting such activity in connection with Intertech Solutions, Inc.'s fraudulent and unregistered securities offerings.

https://www.sec.gov/litigation/litreleases/2019/lr24446.htm

https://www.sec.gov/litigation/complaints/2019/comp24446-saccomanno.pdf

https://www.sec.gov/litigation/complaints/2019/comp24446-bevil.pdf

and a host of others at sec.gov

Federal court Nevada said he was fraudulent and found guilty and o key had to pay a meager fine. The judge left it open for further judgements. Can we start a civil lawsuit?

No idea

Has this been settled?

What can victims of this fraudulent activity do? Where would we begin?

Here is the SEC Naylor order:

https://www.sec.gov/litigation/admin/2018/34-83993.pdf

So much for ITEC accountant David Naylor. HEEES gone now sanctioned by the SEC and will be listed on the OTC prohibited provider list.
Lawyer Scheltama also spanked by the SEC. Looks like ITEC will be getting the SEC suspension hammer and then will be revoked.

Here is the SEC Complaint. Notice 'CW' in the complaint as well. (Craig Wiita)

https://www.sec.gov/litigation/complaints/2018/comp24241.pdf

SEC Charges Nevada Microcap Issuer and Individuals with Unregistered, Fraudulent Offering

Litigation Release No. 24241 / August 21, 2018

Securities and Exchange Commission v. Intertech Solutions, Inc., William Scott Marshall, David Michael Naylor, and West Port Energy LLC, No. 2:18-cv-01566 (D. Nev. filed Aug. 20, 2018)

The Securities and Exchange Commission has charged a corporation and its principals with conducting a multi-million dollar offering fraud.

The SEC alleges that Nevada-based microcap issuer Intertech Solutions, Inc., which purports to be a project finance and management company for mining operations, William Scott Marshall, and David Naylor raised over $7 million from hundreds of investors throughout the United States and Canada. According to the SEC, Intertech, Marshall, and Naylor misled investors about the value of Intertech's gold mine interest, Intertech's timeframe for generating revenue, and commission payments Intertech made to securities solicitors. The complaint also alleges that, at Marshall's direction, Intertech hired numerous individuals to engage in cold-call solicitations of investors. Finally, Marshall and Naylor allegedly stole hundreds of thousands of dollars in investor funds, which they used to pay for personal expenses such as such as gym memberships, resort stays, personal medical expenses, and a car Marshall exclusively used.

The SEC's complaint, filed in federal court in Nevada, charges Intertech, Marshall, and Naylor with violations of the securities registration provisions of Sections 5(a) and (c) of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The complaint also charges Intertech and Marshall with aiding and abetting violations of the broker registration provisions of Section 15(a)(1) of the Exchange Act. Without admitting or denying the SEC's allegations, Intertech, Marshall, Naylor, and relief defendant West Port Energy LLC, a company formed by Marshall and which allegedly received proceeds of the fraud, have agreed to disgorge nearly $7.4 million in proceeds from the alleged fraud, and Marshall and Naylor have agreed to pay civil penalties of $184,767 and $92,383, respectively. Intertech, Marshall, and Naylor have also agreed to permanent injunctions, and Marshall and Naylor have agreed to conduct-based injunctions and permanent officer-and-director and penny-stock bars. The settlement is subject to court approval.

The SEC's investigation was conducted by Laurie Abbott, James Thibodeau, and Kenji Kawa, was assisted by Trial Counsel Amy Oliver, and was supervised by Regional Director Daniel Wadley of the Salt Lake Regional Office.

The SEC's Office of Investor Education and Advocacy has issued an Investor Alert to encourage investors to check the background of anyone selling or offering them an investment using the free and simple search tool on Investor.gov.

Take a look at SPRV, may take off soon..

Clearly they have been permitted for the mine, which was actually a pretty monumental feat considering how difficult it is to get permitted. You can check with the BLM in Yuma if you want confirmation for yourself; it is permitted. Most likely they don't have the money to actually do mining operations. What we don't know is why they are silent on this matter of trying to sell the mine, but, if they are able, we should be able to reclaim some or all of our investment. I am not giving up hope on this one.

GEA !$!$!$!$!

KABOOOOOM SOON !$!$!

$ITEK....VOL 100K.....+87.5%

Catching up with Naylor, Mcintosh and Wiita

Like a phoenix rising from the ashes, they just keep coming back. And back... and back...

1. American First Resources:
Entity Number: E0140382017-6
Incorporated: 03/23/2017
Robert McIntosh: Secretary & Treasurer

http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=QseFYxSlFg7bSqZ0g0cVZg%253d%253d

2. American Strategic Minerals
Entity Number: E0117512017-4
Reserved by: David Naylor
Date: 3/11/2017

http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=1QCzZj92s9nHxe%252bFqg3EZw%253d%253d&nt7=0

3. American Strategic Minerals
Entity Number: E0323702017-7
Incorporated: 7/10/2017
President, Director, Treasurer, Secretary: Craig Wiita

http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=nQV3SlIDZoGZzdBezlXNmg%253d%253d&nt7=0

Nice, fancy new website:

http://www.amstmiinc.com/investment-opportunities.html

Love what they want for $$$ minimum investments, haha

Oh, and the fancy website location (at the bottom):

1690 States St
Prescott, AZ

Google it and you'll see it's the dude's house! haha

Pathetic

Not sure what to do with this dog either. Very disappointed especially with so much anticipation.

Seibert Trial Starts Today

16-count indictment, people starting to fight back! Excellent!

Robert Seibert, John Grey, Ron Woods, Sebastian Wilson, Universal Stock Transfer. If those names mean anything to you, or sold stock of this turd to you, or tried to sell this crap to you, this bears watching. ~ $1M bucks worth.

Assistant United States Attorney Gregory W. Staples of the Santa Ana Branch Office is prosecuting attorney.

Contact:
Thom Mrozek
Spokesperson/Public Affairs Officer
United States Attorney’s Office
Central District of California (Los Angeles)
213-894-6947

Very interesting. I dont think its necessarily bad. If they can get a nice chunk of money for not doing any work (and I know they want to mine the property pretty badly) and at least pay back investors then that may be something they would consider. In the meantime they move forward. I am not giving up on this, yet. If they are really strapped for cash then they may not be paying bills like phones, reception, website, filings, and the like, unless absolutely critical. I want to give this some more time to see what happens, but I agree that things are not looking good. My general feeling from past interaction is that they are committed to investors. The complete silence is a bit unexplained though and patience is wearing thin. The stock does continue to trade around a penny which give a valuation of 6 million give or take.

I have asked a number of times, has anyone gone onsite on their own to take a look. I remember when I went, there would be nothing stopping anyone from looking around. I know they finished the cable crossing and that they had obligations to the BLM per the report that was filed that need taking care of. As well the permits from the Army core of engineers was something they had to get done, not sure how to check on that.

https://www.scribd.com/document/360000474/Judgment-Entered-Against-GOFF-VUME-and-ITEC

Good Day,
Is ITEC viable?
No Website anymore, phones are disconnected In AZ and TX.
If anyone knows how to get in touch with any one there, please advise.
I found Craig Wiita (President) address in CA, send him a snail mail. Doubt he will reply, but I took the chance.

Please advise,

The westport gold mine that itec was working on is for sale at gold rush expositions for $8,500,000. Does anyone know if itec's gold streaming plan goes with it or did they lose our investment?

Anybody know what's happening with ITEC?

Certificate of Revocation
Arizona Corporation Commission

http://corporations.images.azcc.gov/R06521842.pdf

Is WPE in forclosure?

I respect what you say, and you may be completely right, I just can't say for sure. What I do really believe is that there is gold in the ground, a ton of effort has gone in to getting this far, and I truly hope this comes to fruition otherwise we will all be very discouraged. I just cant stand the waiting, but what else to do.

Thats why I'd like to see someone get out on site and report back.

You're thoughts seem to be straight on this. But it should be concerning to anyone that invested in this that they haven't filed. It tells me that they are broke and still haven't gotten the financing they need, nothing is happening at the mine,and their future as a company questionable

While I agree on a number of points with regards to history, at the same time I do believe they are trying to move ahead and a huge effort spread out over a few years was not just for burning our investment dollars. I know as a fact especially the period after last August was very painful (I won't give specifics here), and I don't like the web site down so long, and I don't like no recent filing, but I also believe they have been on a shoe string budget as has been implied. I've gotten sporadic response from them, even very recently, and sometimes I have gotten some specifics and other times not, and I have tried updating this board periodically. Could I be wrong, absolutely I could be, but I don't think I am, and I certainly hope I am not, that would be very very discouraging to say the least.

You should try calling and emailing yourself, I'd be interested if you get a response, I would think you would if you tried hard enough.

Also I have asked a few times, if anyone is within 6 hours drive of the site, can they try visiting. I know, I know, why in the world should we have to do such a thing, why can't they just communicate, I don't know, but as I mentioned also, they don't want to make forward looking statements any more. As per my last update, I believe they are done with the process with the BLM, in fact the BLM has even confirmed that with me, and they are working on getting state/local permits, but I just don't have any details on how that is going, just that it will be soon. That would include drilling wells - that's why I'd like to see someone visit, I did so in Dec '15 but only b/c I was out that way.

Please don't shoot the messenger. I am a very frustrated investor just like everyone else and I do believe there is gold in the ground, we just gotta get it out. If there is anything I have learned about the mining process is that it's 10x longer and more involved than one might be led to believe, combined with the fact that they have just done a poor job of communicating along with some bad luck (and maybe bad planning) along the way.

Added: if anyone wants to private message me to discuss further, I am open to that as well, but like many I am worn out and don't enjoy posting here anymore, it's just too discouraging.

Can the dd & fraud board do anything to retrieve our money?

If this true, that this is a scam, is there anyway investors can get their money back?

Looks like it. Last filing they didn't even have $200 in cash. Annual report is past due as well. Not surprised.

Incompetent? No, they know what they're doing. $7.5 million dollars has vanished. McIntosh, Naylor, Wiita--Their history is well documented.

Then the list goes on and on:

1. remember this? http://www.otcmarkets.com/stock/ITEC/news/Murphy-Analytics-Announces-Publication-of-Company-Overview-on-ITEC-Solutions-Inc-?id=94530&b=y

go check out the murphyanalytics site. It's some chinese thing now.

2. Or this? http://www.otcmarkets.com/stock/ITEC/news/ITEC-Acquires-Montana-Gold-Production--Cash-Flow-To-Commence-In-June?id=78380&b=y

3. The "official" NI-43-101? For Canadian mining claims? Canadian? wtf...

4. Naylor-- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116645985

http://promotionstocksecrets.com/vaporbrand-international-inc-vapr-research-report/

5. McIntosh- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58271282

6. Naylor & McIntosh- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59065471

7. Wiita- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117229243

It's endless....

I'm sure the poster gitreal or regular posters on the DD & Fraud board has a bunch more stuff. They found these guys in Mexico after one of their prior scams, I think it was after the Silver Star Energy scam.

GL

Has the company quit fileing quarterly reports? It's been nearly six months since the last one. Also the website is still down after a month? How long does it take to retool a website? I feel as though the company is about to shut off the lights.
It's past 90 to 120 days, again, that the company has said it will be in production. It can be said that sophisticated investors know how long it takes to open a mine but that just infers to me that the leaders of this company are either incompetant or are lying to us

I dont think you can trade this. The volume is anemic and for the most part always has been. Losing patience, well yeah, who hasn't except maybe the most experienced gold investors who know how long these things can really take, and that ain't me, not until now. I think we just have to wait, there is nothing else we can do. I wish I lived out that way and could visit easily to see any progress.

I guess I lost my patience. Maybe i should start trading this. The stock has 40% moves

It's been over three years since I've invested in this company. I was assured each time I invested that it was just a few months until the appropriate permits were in place. A few months! I am totalloiy pissed off This is the second time it's been 90 to 120 days until production. How about any progress at all? I want to proceed with a lawsuit for fraud if nothing happens soon.Seriosly what are the list of permits needed? This would be at least a courtesy to investors.

Rob was the past CEO, Craig is the current CEO, there is no question about that. We just gotta wait at this point, they are not giving projections, only results.

How bout an anual report? Lets get moving!

It appears in the company profile that Craig Wiita is the CEO. I'm not sure if this is current or if the profile hasn't been updated since before Bob McIntosh was named CEO.

With a dead CEO what's going to happen next. It sure would be nice to start turning over dirt.

My understanding is that the website is being re-tooled, so not to worry about that. Also I believe that they are done with the BLM's involvement with this project and are working on other permits required. When we get an actual announcement, I certainly have been expecting it soon, but when I simply don't have that level of visibility.

I noticed that also, it's been a few days actually, I have NO idea why. Last time this happened it was a different message. My understanding is that they are close but my contact with them has been sporadic. Evidently the previous CEO Rob Macintosh died this last couple weeks and is very sad for everyone, but they are continuing to move forward.

Looks like the website is down again. Does anyone know what is going on?

So is anything happening with the mine?