SEC targets Boca-based firm

It's a shame that SEC is supporting the Naked Short Selling and killing Companies like USXP.
It's a shame....

As I see it, SEC is trying to weasel out of the judgement where they were sentenced to pay 700.000.000 USD to USXP.These gentlemen were part of the Naked Short Selling scandal and are now trying to kill the whistleblowers.... Let USXP live, and prosper!

There are thousands of american companies being afected by this scandal, and the SEC is trying to clear their responsabilities in this mob like scheme....

I hope that the congress do something about this!

where is the truth

when we see the realy of the usxp near future

I used to work for USXP, and you guys don't know what you're talking about. It's a huge scandel, the company loses money everyday, (I was Accounts Receivable and Payable and I was responsible for Profit and Loss Reports). But hopefully things work out.

Jenna

I have big invesment in USXP should I seal it any idea.

Thank you

SEC is taking revange on the company executive who is trying to keep his comapany operational. He was voicing against Naked short selling via where companies get shutdown. Instead of looking in to the problem, SEC is trying to shutdwon this company.

I think it is a high time for all USXP stock holders to write to their senators and congresman. Or let's start a petition to Congress.

Mans wrote:

Jenna
I have big invesment in USXP should I seal it any idea.
Thank you

I recommend you get out ASAP

I worked in upper managment at this company for years. It is a total fraud. It exists purely to fund Altomare lifestyle. He pays for vacations, private planes, his youngest sons alcohol rehab (Handley Center in Palm Beach) his cars, his watches, his and his wifes tailors, thier club memberships, his oldest sons jewlery store in NY, his art in his home... all with stock holder money. He just sues anyone who tries to point out the fraud, this shut down is years too late. He is a criminal. Wait until they kick him out and appoint a forensic accountant, then when they see the level of embezzlement and fraud he will go to prison, hell he put his wife on the payroll, and loaned her over $1MM!!!!!! Shut him down, dump the stock!!!!!!

I believe that this is just the SEC trying to shut down this company... they were part of the Naked Short Selling Scandal, and now they are trying to shut down the whistle blowers....

My email is ekl_72@hotmail.com

Can Jenna or Bob send me Mr. Altomare's email adress?

Best wishes,

Francis!

The strange thing is that SEC only "wake up" for this after being processed abou Naked Short Selling...
Why?....

How many people work for USXP and did they actually win the 700m doller judgment? thanks for your responce.

Jenna wrote:

I used to work for USXP, and you guys don't know what you're talking about. It's a huge scandel, the company loses money everyday,(I was Accounts Receivable and Payable and I was responsible for Profit and Loss Reports). But hopefully things work out.

the 700 MM judgement was in fact a default judgement including punitive damages. It was not against the SEC, that is Altomare trying to confuse people. Basically, he and Gunderson got in bed with a "finance" company. the company was supposed to provide them with $$$ and USXP paid for it with Stock. The company did not comply, but instead dumped the shares into the market. Then USXP sued the company. the company disappeared offshore, and did not put up a defense, in fact did not even show up at court, so USXP received a default judgement. Altomare has since tried to confuse people into thinking that it was the SEC at fault. They had nothing to do with the case, in fact had Altomare issued the fraudulent company Rule 144 shares, instead of free trading shares, they couldn't have put them into the market, could they? Since his defense is that he has the right to issue shares by a bankruptcy court. Let's talk about that. they were capped at 500,000 shares and were to use the issuance only to pay debt that was on the books for the bankrupt company. altomare has issued in excess of 21 billion shares, and refers to this privately as his printing press for money. And if any company he works with doesn't accept his stock, then he simply defaults. Witness the fact that the Mets recently took down his sign in left field. Also, his e-mail is RAA@USXP.com, but he doesn't get it himself, it is received by his assistant Amy who then prints them and takes them into him, and he long hands a response which she has to type and send out. His laptop on his desk just sits on the yahoo finance page with USXP's stock symbol. Also, Altomare sued the SEC has a delay tactic because he heard they were snooping around him. His case had all 10 charges dismissed by a judge. Two of them, including the one where he said they owe him money, were dismissed with prejudice, which means that they can no longer be brought up in a court.

Thank you very much for you responce.

Bob wrote:

the 700 MM judgement was in fact a default judgement including punitive damages. It was not against the SEC, that is Altomare trying to confuse people. Basically, he and Gunderson got in bed with a "finance" company. the company was supposed to provide them with $$$ and USXP paid for it with Stock. The company did not comply, but instead dumped the shares into the market. Then USXP sued the company. the company disappeared offshore, and did not put up a defense, in fact did not even show up at court, so USXP received a default judgement. Altomare has since tried to confuse people into thinking that it was the SEC at fault. They had nothing to do with the case, in fact had Altomare issued the fraudulent company Rule 144 shares, instead of free trading shares, they couldn't have put them into the market, could they? Since his defense is that he has the right to issue shares by a bankruptcy court. Let's talk about that. they were capped at 500,000 shares and were to use the issuance only to pay debt that was on the books for the bankrupt company. altomare has issued in excess of 21 billion shares, and refers to this privately as his printing press for money. And if any company he works with doesn't accept his stock, then he simply defaults. Witness the fact that the Mets recently took down his sign in left field. Also, his e-mail is RAA@USXP.com, but he doesn't get it himself, it is received by his assistant Amy who then prints them and takes them into him, and he long hands a response which she has to type and send out. His laptop on his desk just sits on the yahoo finance page with USXP's stock symbol. Also, Altomare sued the SEC has a delay tactic because he heard they were snooping around him. His case had all 10 charges dismissed by a judge. Two of them, including the one where he said they owe him money, were dismissed with prejudice, which means that they can no longer be brought up in a court.

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Bobby in Jupiter: Nice try, but this is an assumed name. For you innocent bystanders, this is a classic Altomare move to try and intimidate me. Let me know they know who I am. Unfortunately his thugs this time didn't anticipate someone who knows their agenda. LOL!!! Face it boys and girls, when Judge Lynch orders the hearing on this matter (receivership) which in all likelihood, be right after the holiday then this thing will be over. PERIOD. Altomare is down to under 300k in the bank, with payroll today, it looks worse after today. He is not paying any bills. He is hoping that his little full page add in the NYT will help him raise money. However, congratulations to this paper for not allowing him to run the same add without paying up front. He can't and he will not pay the NYT.

Fat lady is singing Rich. No matter how good of a front you put up, you know it too. Hope Barbara enjoys getting her stress splotches back!!!

Look it's his company...let him do what he wants to do with it if you all don't like it leave and find another job.....opinions are like what?.....Who cares what you all think of a man trying to make a living,,,right or wrong it's his and his stock holders business....
And Jenna your probably upset because you were fired for not doing your job!!!!I don't see the owner of USXP talking about you on this page.....John from Pompano who are you to tell people to get out of somethig do you work for the SEC?? and do you have something in writing and withholding info????..Maybe I'll contact them (sec) and investigate you!!!
Oh! ya Bob from Boca you were probably fired from this company and for not doing your job and lashing back...you all need to grow up and get a real life and move on.....Richard from CO..I have seen this companies commercials and advertisements...they exist and so does the service...Hello!!! Bob from Miami...Miami is the largest Mafia run city in the country...scandaless as all get out...and you voice your opinion...How Funny! you were probably fired from this company as well....Lets get some dirt on you Bobby boy(how do you know this date is payroll) I think you should be looked at as well by the sec.Heck when is my payroll???...Married how many times???....If you worked for the man for years as you say you did...Why did you not leave on your own???? way back when....Becuase you believed in USXP as well,now don't lie...I'm sure you have a large hom in South Miami paid for by USXP your former employer...
Been arrested How many times???..See how rediculous this all sounds this is how you all look and sound....Me who cares let the man alone...He has enough to deal with. Let alone you all poke'n him with your opinions....You all are very envyious of the man...and wish you all had what he has ...
The almighty Dollar..$$$
USXP got this far for doing something right!!!
Me I could care less what happens but you all need to jump off..or lets start a column about you all and your jobs and how you spend your money....

Steve in WPB or is it Hialeah? first off NO it is not his company it is the stockholders company. And as such he should stop treating it as his own personal piggy bank! Second, Bob in Boca and Bob in Miami are the same person, ME! I have a job, and no I don't live in anything paid for by USXP. I left because of two reasons and two reasons only. 1. I found out the level of fraud, and I didn't want my name ruined. 2. Every promise Rich gave, he lied about. Every one. He pays himself 650k, pays his wife,and loans her $1MM? and then slowly forgives it on the K's and Q's? He has been convicted on 115 counts of Securities fraud. How in the world can you live with yourself supporting a convicted fraudster? I know about payroll because I have friends that still work there. I never said that I hated anyone there. And I have been married once and I am still married to her. And none of my children have
1. Accused me of pedophilia to other USXP employees
2. Had to go to alcohol rehab, paid for by the company
3. Still living off my back pocket, actually still having me steal more money from my company to pay for their lifestyles.
All three of the above Altomares kids have done and continue to do. he doesn't have any money, he pretends to, he steals what he does have, and is leveraged to the hilt. All cars are leased, all homes have multiple mortgages. It is a show!!! there is no substance. USXP has never had a commercial so you haven't seen one, they have had advertisements in newspapers and magazines, but normally they can't pay for them, so they don't run for long. the largest run mafia city? dude, which mafia? There are 3 here. Just like NY, LV, CT, NJ et Al. Steve you are just another typical USXP sycophant who is drinking the Kool aid. enjoy the secret ingredient!!!!! I'm out, and your done.

I believe in USXP and Richard Altomare. Success for USXP has been a long time coming, but all the issues are now coming to a head, including the relationship with the SEC. There is Honor in being a U.S. Marine and Mr. Altomare would not intentionally disgrace that honor.