Tuesday, May 5, 2009

Spongetech - Steven Moskowitz - and Fraud?


According to The FBI,
Securities fraud can be described as deceptive practices in the stock and commodity markets. Generally, securities fraud occurs when investors are enticed to part with their money based on untrue statements.
Securities Fraud is illegal.


On April 28, 2009, the below posted email exchange occured between a known associate of Moe Speeks and Steven Y Moskowitz, COO of Spongetech Delivery Systems Inc.

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From: steven moskowitz (symoskowitz@msn.com)
Sent: Tue 4/28/09 4:25 PM
To: ?????????@hotmail.com)

A WEEK FROM TODAY THE T/A WILL BE UNGAGED SO I WOULDN'T WASTE YOUR TIME OR MINE.


Thank you,

Steven Y Moskowitz

COOSpongetech Delivery System Inc.

43 WEST 33RD STREET Suite 600

New York NY, 10001

Tele: 212-695-7850 ext: 210

Fax: 212-594-4172 Cell: 917-685-4958






Subject: Steven I need your Help - PLEASE READ IMMEDIATELY!!!! THANK YOU

Date: Tue, 28 Apr 2009 12:54:01 -0600


Steven I need your Help.
I need you to contact the Transfer Agent and tell them that when I contact them they are allowed to answer all my questions and provide the needed numbers for the specific dates. ( you are still using Olde Monmouth Stock Transfer Co. Inc. right?)
My lawyer said this would be much easier and cost effective for me than having to go and get a subpoena and deal with all that jazz.
He also said that by doing this you would be showing good faith and cooperation,
let alone saving me cash in the form of lawyer fees.
And lets be honest, since I am saving money on lawyer fees, you actually will be saving money on lawyer fees.
So this will help both of us.
Anyways, please contact the Transfer Agent as soon as possible and tell them when ??????? ???????'s attorney contacts them they should provide all the asked for information.

Thank You for your time Steven,

P.S. Please write back to me as soon as you have cleared this with the T/A. tia

*************************************************************
*************************************************************

As you can clearly see my associate was seeking permission to gain the trading history of Spongetech from Spongetech's Transfer Agent. He was seeking permission due to the fact that Spongetech has the Transfer Agent "gagged", meaning that the Transfer Agent is not allowed to give out information to the public.

Even though this is a public company you ask?????

We ask ourselves that also.

Now what is most important about this email exchange is not the fact that the Transfer Agent is "gagged", many public companies gag their Transfer Agent, not any respectable companies, but still, many do.

What is most important is that Steven Moskowitz is the Chief Operating Officer and Chief Financial Officer of Spongetech and hence he should know exactly what is going to happen with the company because he is going to make it happen.

And when Steven Moskowitz tells an investor that the Transfer Agent will be ungagged "a week from today" that means he is planning to ungag the Transfer Agent in one week, on May 5th, 2009,---

OR he is just plain out and out lying.
There is no in-between. Period.

Why would the officer of a publicly traded company tell an investor that the company plans to "ungag" the Transfer Agent if it had no intention of doing it?

Simple,,,, TO CAUSE A RUN UP IN THE PRICE PER SHARE OF THE STOCK WHICH THE COMPANY CAN PROFIT FROM.

One of the most exciting things that can happen to a penny stock or a pink sheet stock is for the company to "ungag" the Transfer Agent. By doing this the company is basicly telling the investment world that they are legitimate. A company can hide it's actions behind a gagged Transfer Agent. Investors cannot see what the company is doing with the Issued and Outstanding Share count when the Transfer Agent is gagged.
Meaning the company can dilute the shares into the float to make money while the price per share goes down. Meaning the company makes money at the shareholders expense.

Now not only did Steven Moskowtiz tell my associate this once, he also sent another email saying that the event would occur -

**********************************************************************
From: steven moskowitz (symoskowitz@msn.com)
Sent: Fri 5/01/09 11:07 AM
To: ????????????????????@hotmail.com)

everything tuesday you will get it then you will be sorry.


Steven Y Moskowitz


COOSpongetech Delivery System Inc.

43 WEST 33RD STREET Suite 600

New York NY, 10001

Tele: 212-695-7850 ext: 210

Fax: 212-594-4172






Subject: RE: It amazes me that you still have people believing

Date: Fri, 1 May 2009 11:05:21 -0600


I am stevie,

you have made mistakes that have left a trail,
all in good time.
so what is the O/S right now as we speak??????
why won't you ever answer that question?
or how about me questions about the T/A and granting me full access to the records?????
hummmmm????

************************************************************
************************************************************

So as you can see this was nothing more than willfull deceit on Steven Moskowitz's part,since May 5, 2009 came and went and the Transfer Agent remains GAGGED.

Let us take another glance at the FBI's definition of Securities Fraud -

" Securities fraud can be described as deceptive practices in the stock and commodity markets. Generally, securities fraud occurs when investors are enticed to part with their money based on untrue statements.
Securities Fraud is illegal. "

Investors enticed??? Yup,,,,
Based on untrue statements??? Yup,,,,

I do not know about you but it seems to me we have a crime committed.

I have posted the Transfer Agents contact information if you wish to verify my facts.
Transfer Agent:
Olde Monmouth Stock Transfer Co., Inc., Atlantic Highlands, NJ 07716
Phone: 732-872-2727

You can also feel free to call Steven Moskowitz and ask him why he feels he is allowed to break the law and steal from the public.

I would urge you to contact the SEC and the FBI but they have no interest in stopping Securities Fraud, so don't bother.

Here is a link to a wonderful little video, please pass it around so the world knows what is happening. http://www.youtube.com/watch?v=bzOZn3DEz2c

Thank You,,,, Moe Speeks

**************************************************************
disclaimer - in the interest of protecting the innocent I have blocked out my associates email address since he is not a public figure. Mr Moskowitz on the other hand is an Officer of a Publicly Traded Company which makes him a public figure.


Posted by at

4 comments:

  1. Z4LoverMay 6, 2009 at 1:04 PM

    Hi Moe! I'm tired of being lied to also. It's like Steve wants me to look like an idiot by defending him.

    ReplyDelete
  2. Moe SpeeksMay 8, 2009 at 8:33 AM

    Well stop defending him Z4Lover

    ReplyDelete
  3. UnknownJuly 18, 2010 at 11:56 AM

    let me just say you were right on the money my friend. great job

    ReplyDelete
  4. AnonymousApril 10, 2011 at 3:40 PM

    Steve Moskowitz and his cronies are CHEATS AND FRAUDS. I went to him years ago and they stole over 600 dollars from me. I gave them the retainer fee to see me for corporate employment tax mixup with the IRS, they gladly took the 600 dollars then 45 minutes later they told me that, that was one of the taxes that they could not negotiate. They would not refund my money. THey guys are out to prey on the general public. They should be ashamed of themselves. They do not work for you, they work for their own pocket books. I should have followed up and reported them, but I was so distraught with personal problems, divorce, IRS etc, that I had to pick my battles. DO NOT USE THESE GUYS THEY WILL RIP YOU OFF!!!!

    ReplyDelete

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