THall
7 days ago
Brian McLain is a known fraudster like KEGS CEO, Tom Scozzafava. He is paid to run promotion (IR) for this scam. Ask BoscoLives21 about it since he is employed by McLain. Obviously he is not very good at his job since this POS has been NO BID for 2 years.
https://www.ssb.texas.gov/sites/default/files/files/news/1734.pdf
TE SECURITIES BOARD
In the matter of
FLIPPINGYOURMONEY.COM
AND BRIAN KEITH MCLAIN
Brian Mclain dba Vacuum City
3320 Hwy 365, Nederland, Texas 77627
3. Respondents are offering promissory notes in Texas through webpages
accessible by the general public at www.flippingyourmoney.com and
www.flippingyourmoney.net.
4. Respondents are representing that:
a. Respondent FlippingYourMoney is "an investment company that works
with clients throughout the world."
b. The promissory notes are "investment[s] for the common man."
c. The promissory notes yield profits that are "generally higher than any
bank, savings account, or stock investment."
d. Principal and returns are guaranteed and that "[e]verything [investors] do
with us is risk-free."
5. Respondents are describing the promissory notes as follows:
a. Investors may purchase promissory notes that have a fixed term of 30, 60
or 90 days and that pay 10% interest over the term of the investment.
b. The investments are "business agreements" that Respondents "back with
a guaranteed promissory note against [their] current assets, which consist
of real estate holdings and retail businesses."
c. Respondents will use money tendered by investors to purchase robotic
vacuums, vacuum cleaner supplies, clothing and other inventory.
Respondents will sell the inventory at their retail stores for a profit, and the
profit will be used to pay returns to investors.
d. Investors will be entitled to the stated returns regardless of whether the
inventory is sold for a profit.
6. Respondents are providing investors with sample promissory notes that contain
the following terms:
a. They provide that investors are entitled to "the repayment of [p]rincipal
plus 10% interest per month on the initial investment plus compounded
interest on principal and interest combined unless the interest is withdrawn
monthly."
b. They contain an example of the payment structure. They provide that an
investment of $50,000 will entitle investors to "$50,000 [p]rincipal plus
$5,000 interest for the month, then the next month interest would be
Emergency Cease and Desist Order/FlippingYourMoney.com and Brian Keith McLain/Page 2
accrued on $55,000, equaling $5,500 in interest. Then the new total
would be $60,500."
c. They are unsecured, insofar as they are not collateralized, secured or
guaranteed by real estate holdings, retail businesses or other assets.
7. The promissory notes have not been registered by qualification, notification or
coordination, and no permit has been granted for their sale in Texas.
8. Rule 506 of Regulation D under the Securities Act of 1933 authorizes an issuer
to engage in general solicitation in offering and selling covered securities without
first complying with state securities registration requirements, provided that,
among other things, all purchasers of the securities are accredited investors and
the issuer takes reasonable steps to verify that such purchasers are accredited
investors.
9. Respondents are offering the promissory notes to purchasers who are not
accredited investors, and Respondents are not taking reasonable steps to verify
that all purchasers are accredited investors.
10. In connection with the offer of the promissory notes, Respondents are
intentionally failing to disclose material facts, including, but not limited to, the
following:
a. Respondent Mclain's business experience and qualifications.
b. An accounting of assets, liabilities and other financial information that
reflect Respondents' ability to repay principal and pay interest to investors.
c. The identity and financial information relating to real estate holdings, retail
businesses or other assets used to "back" or "guarantee" the offering
made by Respondents.
On or about July 16, 2012, Chase Bank, USA, N.A., filed a civil complaint against Respondent Mclain in Case No. 1 :12-cv-00353, in the United States District Court for the Eastern District of Texas, Beaumont Division. The complaint alleged that Respondent Mclain was issued a business credit card, borrowed money on the account and failed to pay the balance of $507,313.10. Thereafter:
i. On or about June 3, 2013, Respondent Mclain and Chase Bank executed a settlement agreement. The settlement agreement required Respondent Mclain to make an initial payment and monthly payments to the plaintiff. On or about September 5, 2013, Chase Bank filed a Motion to Enforce the Settlement Agreement, claiming that Respondent McLain failed to remit the initial payment and the monthly payments.
iii. On or about October 15, 2013, the United States District Court for the Eastern District of Texas, Beaumont Division, granted the Motion to Enforce the Settlement Agreement and entered an Agreed Judgment previously executed by Chase Bank and Respondent McLain. iv. The Agreed Judgment ordered Respondent McLain to pay $507,313.10, attorney's fees and expenses of $26,840.27 and postjudgment
interest.
On or about November 16, 2012, Bienvenu Investments 1, LLC, filed a lawsuit against Respondent McLain and M. McLain Investments, LLC, in Bienvenu Investments 1. LLC v. M. McLain Investments. LLC. et al., docket number C-20126195-A, in the 15th Judicial District Court of Lafayette Parish, Louisiana. The lawsuit alleged that the defendants leased a commercial building from the plaintiff and failed to tender timely payments. On January 22, 2013, the Court ordered judgment against Respondent McLain and M. McLain Investments, LLC, for $90,600.00 plus interest at a rate of eighteen percent plus $5,000 in attorney's fees. The judgment has been outstanding at all times material hereto.
v. The judgment has been outstanding at all times material hereto.
RMS555
1 week ago
shhhhhh.... she's sleeping!!!
In the meantime: Let These Recent & Easily Verifiable Facts of KEGS Sink in:
KEGS was profitable in the 2nd & 3rd Quarter of 2024.
KEGS has verifiable assets, 4 properties in New York..
KEGS has 4 active liquor licenses in the State of New York.
KEGS is now delivering beer to 45 states plus DC.
KEGS beer is available to purchase in Canada.
KEGS 1812 beer has won multiple awards in multiple years in multiple competitions.
KEGS recently won New York Amber Ale Brewer of the Year Award.
KEGS has purchased a new restaurant in Watertown, NY now named 1812 On The River.
KEGS has a restaurant in Sackets Harbor, NY now called 1812 on the Lake.
KEGS has its own brewery & bottling processing facility in Watertown that is 13,000 sq feet (different than the restaurant).
KEGS has addressed the $13.7 million in debt and the note holders have tentatively agreed not to convert until market cap reaches $100 million
KEGS has not issued any new shares since March 1st, 2024... NO DILUTION in over 11 months
Also Breaking News: Brian Mclain has offered to sell, or sold, 100 million shares for $100,000 according to a SEC document, form 144/A, filed on 7-29-2024: https://www.otcmarkets.com/filing/html?id=17711190&guid=YBO-knmv0E5eJth
I will let time tell the truth for the shareholders of KEGS!
Good Luck to All Good People Here!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
.
Dragonman1
1 week ago
I'm gonna rename the Fool Force to the Super Bashers, Why because they are very good at what they do and very bad at the same time, good for scaring newbies off into the darkness with their tails between their legs, good at spreading misinformation about a great Co that Has a fantastic future, just plain good at being bad, they are like the bad news that use to spread lies about our now great President who's gonna make America great again, the Super Bashers or the Bad News Bears.
If I was a Newbie Your Damn right I would be scared to invest in a Co like this that the Super Bashers Are making Sound Like a washout, A loser, A lie, If I was a New Investor I would Run, not invest, it's easier to give in to fear than harvest Hope and faith and follow your own DD, yes DD, the problem is newbies Need to Do their own DD and then make their own moves knowing that the lies are truly lies.
listen to me new investors, I have done my DD on this fantastic great CO , that has a great product and they can't keep up with sales, there's a reason why they have a 13,000,00 SQ Ft Beer production facility, There's a reason KEGS has 4 active liquor licenses in the State of New York,
there's a reason KEGS was profitable in the 2nd & 3rd Quarter of 2024, there's a reason KEGS is now delivering beer to 45 states plus DC, KEGS recently won New York Amber Ale Brewer of the Year, there's a reason every great CO starts out small and grows especially if the product is great, New investors don' believe the Super Bashers because they don't own one share is this great and upcoming beer CO, peace out!