David Grin,Laurus Capital Management and Union Bank of Israel


Balmore Fund and Celeste Trust too





The link below states clearly that David Grin was 'educated'in Israel and 'is a Certified Public Accountant (ISR), and received an M.B.A. in Finance and Operations Systems from Tel Aviv University, Israel, in 1999 and a B.A. degree in Economics and Accounting from the Hebrew University of Jerusalem in 1995',although apparently ethics and the evils of international fraud and probable money laundering using worthless U.S. penny stocks was not a part of Mr.David Grin's
'education'.

Then below that is a quote with link from Steve Forbes' poorly researched internet digital rag known as forbes.com.While the author did bring up interesting points about David Grin and his brothers U.S. penny stock scamming we are left to believe the Mr.s Grins are all from the Ukraine ! Lie or bad journalism ? WE REPORT,YOU DECIDE.

Anyways it appears the Grin brothers do indeed have an Israeli connection and an Israeli bank connection.I have come to believe the Leumi Bank of Israel might be a conduit for U.S. penny stock fraud in light of Cerberus' purchase of it as well as Austria's Bawag Bank.Now I wonder if all Israeli banks are corrupt and aiding the likes of the Grins.

Someone should compile a list of just how many worthless penny stocks the Grins have pumped and dumped as the U.S. SEC has looked the other way.I know Endovasc of Montgomery,Texas was one.Do the Grins know Steve Forbes' pal James Dale Davidson who also has an Endovasc connection ? Were the Grins part of the Endovasc pump and dump that claimed an Israeli women's health center was being bought by Endovasc at a time when Balmore Fund and Celeste Trust were debenture holders ? What about Moody Aerospace and no doubt more fraudulent penny stocks than the SEC cares to investigate ? Endovasc stock was pumped to 'da moon'immediately following 911.Coincidence or celebration ?

No wonder the President of Israel feels so comfortable pumping worthless U.S. penny stocks particularly UCSY's supposed 'air-water machine' for his international and mafia connected British-Israeli pal Michael Zwebner and his Herndon,Virginia Islamic charity money laundering suspect partner Mohamed Hadid with his apparent Saudi connections ! Is this what they teach at Israeli universities ? And note it was another Bawag connected offshore entity related to Balmore Fund and Celeste Trust that provided Mr.Zwebner with cash to pump and dump more worthless UCSY shares a while back.

Ex Virginia Governor and Senator George Allen also profited from the pump and dump of Xybernaut shares that had both an Israeli and Balmore Fund connection even though the worthless and fraudulent Xybernaut shares were provided courtesy the U.S. SEC and the corrupt state of Nevada no doubt.One begins to think the U.S. SEC's aiding and abetting of thse frauds is more than a simple case of incompetence.Iwonder why the SEC Chairman Chris 'WMDs'has never been held accountable much less his incompetent internet fraud do nothing,know nothing John Reed Stark ? James Angel,Mr.Stark's Geogetown colleague must be laughing his azz off at these SEC low lifes as he aids Patrick Byrne,David Patch and probably James Dale Davidson in their 'naanss'or 'ncans' supposed 'anti-naked short selling' scam.

And now ex treasury Secretary John Snow,fresh from spying on international financial and securities transactions,I mean spying on terrorists,through SWIFT of Belgium as part of his Treasury Secretary duty has joined the mother of all hedge funds Cerberus that just bought both Bawag of Austria and Leumi of Israel.I'm beginning to believe that Israel's Prime Minister Ehud Olmert and his wingnut Iranian pal and Israeli President Moshe Katsav are worse than W Bush made Saddam Hussein out to be.Of course I feel the same about the Kuwaiti Al Sabbahs and Saudi elite with all their scammy penny stock ties to the Bush Regime.And I'm almost positive Austria's Bawag has had Israeli 'banking' or penny stock money laundering and pump and dump activities occuring through and between themselves for many years.

Stephen Feinberg should be investigated as well.Does Dan Quayle know the accused rapist Moshe Katsav,President of Israel who may well use his offshore account mentioned by one of his accusers for more than just bribes from Israelis in exchange for presidential pardons.I wonder if the pope has it so good ?

And why did Steve Forbes' Forbes.con fail to mention the Grins'
fine Israeli 'education' and only state they hailed from the Ukraine ?

Tony Ryals

www.youngstartup.com/events/index.phtml?panel=guestspeakers&ysveid=82&sp


David Grin - David Grin is a principal and co-founder of Laurus Capital Management, LLC. Previously, Mr. Grin had served in different capacities with certain investment entities. Mr. Grin has also served as Investment Manager and Chief Financial Analyst of Union Capital Markets and Union Enterprises, the venture capital arm and underwriting operation of Union Bank of Israel, respectively. Mr. Grin has also held the position of a financial analyst in various financial institutions in Israel. Mr. Grin, is a Certified Public Accountant (ISR), and received an M.B.A. in Finance and Operations Systems from Tel Aviv University, Israel, in 1999 and a B.A. degree in Economics and Accounting from the Hebrew University of Jerusalem in 1995.






www.forbes.com/free_forbes/2007/0212/064_2.html

Money & Investing


2 of 2 Sewer Pipes
Nathan Vardi 02.12.07




Corey Ribotsky, 36, heads N.I.R. Group, a handful of Roslyn, N.Y. hedge funds with $630 million under management. His first business partner successfully sued him for stealing away their marketing and consulting firm. The florist at Ribotsky's wedding filed a $7,275 claim against him for failing to pay the bill.

So how does he do as a hedge fund manager? A Ribotsky PIPE, on average, precedes a stock-price drop of 54% a year after the deal, according to PlacementTracker. That still works for Ribotsky because of the way he structures a PIPE: He receives debt securities convertible into discounted stock, in an amount determined by dividing the principal by the price of the shares at the time of conversion, less a steep discount. The further a stock falls, the more shares he gets......

Since Ribotsky invested $1.5 million in 2005, shares in Med Gen (otcbb: MDGN.OB - news - people ) are down from $1 on the o-t-c bulletin board to a fraction of a penny. The Boca Raton, Fla. company had less than $1 million in sales from an antisnoring spray, diet pills and supplements. (Its biggest shareholder and chief executive is Paul B. Kravitz, the former president of AppleTree Cos., who paid a $25,000 penalty in 1996 to settle SEC claims that he failed to tell investors in an AppleTree offering that he planned to invest $250,000 in a gambling casino.) Ribotsky converted the debt into 171 million shares of Med Gen, at discounts of 40%, by September 2006. Did he sell his stake, triggering the stock-price plunge? N.I.R. lawyer Jonathan Schechter declines to say. "It is not us that makes a company lose its value--maybe a company hasn't executed its business plan," he says, adding that N.I.R. never shorts a stock.

One of Ribotsky's PIPEs, a $1 million investment in Roanoke Technology (otcbb: RNKE.OB - news - people ), a Rocky Mount, N.C. Web site designer, allowed N.I.R. to purchase newly issued shares at a discount of 50%; Roanoke's shares then traded hands on the o-t-c bulletin board at 12 cents.....


When it comes to dicey partners, though, few are as accomplished as the Grins. They financed Francis O'Donnell, who has gotten to know the feds pretty well. Taking over as chief of Searchhound.com, an o-t-c bulletin board stock in 2003, O'Donnell changed its name to Coach Industries (otcbb: CIGI - news - people ), quickly built up a controlling stake in the Cooper City, Fla. firm and started acquiring limousine companies. Laurus backed him with a $6 million loan. On Jan. 5 O'Donnell pleaded guilty to being an associate of the Genovese crime family.........

The Grins invested $1.5 million in April 2004 with Magic Lantern Group, which marketed Canadian educational videos. Their introduction to the company came through National Financial Communications , owned by Geoffrey Eiten, a Needham, Mass. newsletter writer who flogged companies and claimed to show readers "how to make 5,000%" on their money. Magic Lantern's biggest backer was Lancer Management Group, a New York City hedge fund that blew up amid accusations of fraud.

Magic Lantern, which lost $15.9 million on sales of $2.7 million in 2004, began to disintegrate. Eiten was sued in September 2006 by William Galvin, Massachusetts secretary of state, for engaging in "widespread 'pump and dump' transactions by publicly promoting certain stocks at the same time he was selling them." Galvin released chummy e-mails between Eugene Grin and Eiten's company suggesting they team up to sell Magic Lantern shares. Eiten denies any wrongdoing. Laurus managed to eke out what it calls "a nominal profit" before Magic Lantern's stock collapsed.

In November 2004 Laurus agreed to lend Thomas Equipment, (amex: THM - news - people ) which makes skid loaders and hydraulic equipment in Canada, $22 million to finance acquisitions and operations. At the time the stock traded at 88 cents. Most of Laurus' loans were convertible into stock at prices of $1.50 a share; the Grins also bought 2 million shares for a penny each and received options to purchase 4 million more for a cent apiece. Helped by a steady stream of press releases, Thomas shares touched $8.99 in January 2005 on light volume.

What was driving the stock? James Patty, former interim chief executive at Thomas and a current board member, says that David Grin was constantly focused on Thomas Equipment's share price, even though the lack of liquidity in the stock meant that Laurus could not sell too many shares without driving down the price. Word came down from David Grin, says Patty, "that he couldn't allow that type of hit to his portfolio." Why? "My assumption would be he was looking at a valuation of the company in order to attract additional money into his fund," Patty says.

Ridiculous, says Eugene Grin. The effect of Thomas' high stock price on Laurus' net asset value "was never material." His valuation model, he claims, discounts severely for the lack of trading volume in a stock like Thomas. A good thing for Laurus: Thomas Equipment's two main units have filed for insolvency in Canada; it was yanked off the American Stock Exchange and now trades for 8 cents.

Eugene Grin says he never shorts a stock. He also insists that Laurus provides a valuable service--and is more like a bank than a hedge fund. "We have tens of thousands of people working because of our investments," he says. "It's a beautiful thing."

................................................................................................................

FOIA,Alberto Gonzales and SEC'S Chris Cox Enron,Merrill Lych,Latham & Watkins conflict

cleveland.indymedia.org/news/2007/01/24225.php


Tim Mahoney,vFinance,Venus Methodist Church,Florida,Sayed Mustafa and Islamic Usury

maritimes.indymedia.org/news/2006/12/15025.php

Charles Schwab:vFinance's Charles Patrick Garcia receives Henry B. Gonzalez award !?

www.indybay.org/newsitems/2006/12/24/18340307.php

Democrats William Jefferson,Tim Mahoney, iGate,vFinance,DOBI, Endovasc penny stock frauds

www.ntimc.org/newswire.php?story_id=5195


James Dale Davidson,Charles Schwab,Tim Mahoney,VFIN, LOM and penny stock share money laundering

www.phillyimc.org/en/2006/12/34919.shtml

Ireland Indymedia bans criticism of Lord Rees Mogg,James Dale Davidson

www.southafrica.indymedia.org/news/2006/11/11701.php

Post to Lord Rees-Mogg's Weblog re NASDAQ,London Stock Exchange

www.posting.beirut.indymedia.org/ar/2006/11/5982.shtml

Virginia:Marvin Bush,Securacom,9/11,U.S. Senator George Allen,Bawag Austria,offshores...

www.southafrica.indymedia.org/news/2006/10/11458.php

U.S. Republican George Allen More Corrupt Than Utah Senators Bob Bennett,Orrin Hatch ?

www.southafrica.indymedia.org/news/2006/10/11391.php

Asa Hutchinson,Charlie Crist,Jeb Bush,Republican stock fraud and drug trafficking,etc....

www.houston.indymedia.org/news/2006/10/52801.php

Why did Osama bin Laden choose Jeb Bush's Huffman Aviation terrorist flight school ?

www.austin.indymedia.org/newswire/display/34636/index.php

Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?

www.utah.indymedia.org/news/2005/10/11883_comment.php

Utah Gov Jon Huntsman,Senator Bennett, Hatch call Republican Senator Shelby 'a gangster'

www.la.indymedia.org/news/2006/09/179748.php

Does NY Times censor 9/11 Venice,Florida connection ?

www.utah.indymedia.org/news/2006/05/14058.php

NY Rep.Peter King,CIA,Swift,NY Times,Republican stock fraud

www.utah.indymedia.org/news/2006/06/15693_comment.php

NY WTC 'protected' by Kuwaiti company and Marvin Bush on 9/11

www.dc.indymedia.org/newswire/display/132705/index.php

Asa Hutchinson,Richard Rainwater,George W Bush,Tom DeLay & 5.6 Ton cocaine bust in Mexico

www.arkansas.indymedia.org/newswire/display/19870/index.php

SEC,Schwab,Chris Cox,Hillary Clinton & Barbara Boxer Aid CIA'S In-Q-Tel penny stock fraud

www.indybay.org/newsitems/2006/05/22/18246601.php


Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?

www.utah.indymedia.org/news/2005/10/11883_comment.php

Cocaina,Ciudad Del Carmen,Campeche, Abril 10,CIA,Republicanos Y PAN

www.la.indymedia.org/news/2006/07/167389.php

Did Israel President Moshe Katsav aid Muslim Terrorism or only fraud ?

www.sbindymedia.org/newswire/display/3226/index.php

Israel: Gal Lusky's 'IFA' Caught Up in Moshe Katsav,Mohamed Hadid, Zwebner 'UCSY' scam ?

www.chapelhill.indymedia.org/news/2006/03/19255.php

Israeli President Moshe Katsav aids massive penny stock fraud

www.israel.indymedia.org/newswire/display/4195/index.php

Did Israel President Moshe Katzav aid Muslim Terrorism or only fraud ?

www.ntimc.org/newswire.php

SEC,Schwab,Chris Cox,Hillary Clinton & Barbara Boxer Aid CIA'S In-Q-Tel penny stock fraud

www.indybay.org/news/2006/05/1824660.php

Chris Cox,SEC,Makram Majid Chams,Titan Corp,9/11,Abhu Ghraib,etc.

www.maineindymedia.org/newswire/display/3952/index.php

SEC Covers Up UAE Money Laundering with U.S. Stocks

www.ucimc.org/newswire/display/112399/index.php

John Reed Stark UAE,SEC,Georgetown University Stock fraud Academic fraud Cyber fraud

www.maritimes.indymedia.org/news/2006/03/12190.php

Does NSA Serve SRA International's 'Cookies' ?

www.india.indymedia.org/en/2005/12/211284.shtml

Porter Goss: CIA Cyber and stock fraud ops damaged by leaks ?

www.news.com.com/5208-1028-0.html;

D.C.Terrorbaggers:James Dale Davidson,Don Nickles, ex-CIA Chief Woolsey,Asa Hutchinson,Tom McMillen

www.okimc.org/newswire.php

Asa Hutchinson,ex Congressman Tom McMillen, Fortress America,offshore money laundering

www.cleveland.indymedia.org/news/2006/03/19034.php

To CIA,In-Q-Tel,Amit Yoran re SRA International, Mantas Inc stock fraud money laundering

www.maritimes.indymedia.org/news/2006/02/11841.php

Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of International Bankers,Brokers...

www.ftaaimc.org/en/2005/12/7186.shtml

CIA and Gilman Louie are less than honest

www.news.com.com/5208-1082-0.html

Charles Schwab and Share-Money Laundering

www.sfbay.indymedia.org/news/2005/06/1747107.php