LAS VEGAS, NV, Jun 20 (MARKET WIRE) —
BioTech Medics, Inc. (PINKSHEETS: BMCS) On June 9, 2010 BioTech announced
in compliance of SEC “material event” regulations that a Federal Grand
Jury had criminally indicted 10 persons (none of whom are current board
members) regarding alleged illegal stock manipulation, theft, forgery of
shares and crimes.
The Company quoted from the indictment in “Count Ten” and “Count Eleven”
that the government is seeking individual disgorgement monetary sums
regarding, “to wit: stock of BioTech Medics, Inc.”
The Company quoted the indictment “Forfeiture Allegation Ten” and
“Forfeiture Allegation Eleven” sums sought and aggregated the sums
regarding the “in personam criminal forfeiture.” The Company also
properly stated regarding those indicted that: “All are considered
innocent until adjudged guilty.”
Due to the fact the indictment is ambiguous and not clear as to how those
sums were allocated the Company aggregated the two separate and distinct
forfeiture quoted sums specifying “BioTech.” Due to the fact the
indictment is also seeking RICO (Racketeering) forfeiture, the forfeiture
sums may be subject to treble damages (but again this is not clear).
So to avoid any confusion and/or misunderstanding of the prior press
release the Company would like to restate and clarify the previous press
release and opinion expressed.
Any quote from the indictment of any sums relating to the aggregate of
the alleged forfeiture sums should not be confused and/or misunderstood
and/or considered to reflect in any way whatsoever regarding any past,
present and/or future value and/or benefit to BioTech and/or its
shareholders by the grand jury. Only a judge and jury subsequent to
deliberating at trial on all of the evidence presented will a
determination be made. That also will not be the final resolve.
According to statements published at an April 2010 Asset Forfeiture
Conference held in Florida at which Richard Weber, Chief of the Asset
Forfeiture & Money Laundering Section of the U.S. Department of Justice
was a speaker, a brochure to the event put in perspective challenges
facing these types of enforcement actions: “Every day in the United
States, criminals earn $1.4 billion from their crimes. Of the $500
billion they earn…” (steal) “…annually, they lose only $4 billion to
law enforcement forfeitures. If you’re a criminal you run less than a 1%
chance that your criminal wealth will be confiscated.”
Since the indictments BMCS is still experiencing shorting and illegal
manipulation.
Contact:
Tom Wood
972-274-5533
Copyright 2010, Market Wire, All rights reserved.
Bhutto killing: ‘Ex-ISI chief remarks on US involvement outrageous’
The Obama Administration on Thursday termed as “outrageous” and “baseless” the allegation of Pakistan’s former Inter Services Intelligence (ISI) head Hamid Gul about the US’ involvement in assassination of Benazir Bhutto.
“That is outrageous,” a senior State Department official told reporters here after the US Embassy in Islamabad dismissed such an allegation coming from Gul about Bhutto’s murder and the UN report on it.
“He is frequent commentator on television, and certainly has an anti-American agenda,” the official said.
“General Gul made an outrageous suggestion that the US was responsible for assassination of Benazir Bhutto. And Jamaat claimed the US was somehow responsible for the terrible attack on their peaceful demonstration in Peshawar on Monday,” P J Crowley, Assistant Secretary of State for Public Affairs, told reporters.
“Such comments are baseless and irresponsible and should be examined by Pakistani media objectively. The US and Pakistan were fighting and our citizens were dying at the hands of these common enemies,” he said.
Crowley said extremists do not discriminate between striking Pakistani and American targets and continue to claim innocent lives of people from all walks of life, “from the peaceful Jamaat protesters to Benazir Bhutto.”
“We are encouraged by the recent trends in Pakistani public opinion that recognise the value of the ongoing strategic dialogue and ever-improving cooperation between the United States and Pakistan,” he said.
The State Department official said that many people in Pakistan have recognise the positive tone and substance in the US-Pakistan relationship.
“Our strategic partnership involves working together to address the needs of the Pakistani people and the security of Pakistan and the region,” Crowley said.
He said the US and Pakistan “together can and must take a stand” against those who would serve as apologists for terrorists.
“In the best spirit of a free press, Pakistani editors and newsmakers should strive to highlight the irresponsibility of unfounded statements like these that are designed to divide rather than unite us,” Crowley said.
Acknowledging that the US’ low image in Pakistan is an issue of great concern to the Obama Administration, Crowley said the government was working hard in this regard.
“We have spent a great deal of effort building this relationship, explaining more significantly to Pakistani people, along with the Secretary (of State) in Pakistan, doing that, and we think that has helped change the environment. I think there was a significant and positive response to the recent US-Pakistan strategic dialogue,” he said, adding but this remains a work in progress and US would continue dialogue with Pakistan in the coming weeks and months.