Complaint Review: 4licensing Corporation

Beware of 4licensing Corporation, now based in Tulsa Oklahoma. This scam company was once named 4Kids Entertainment. They have filed bankruptcy once as 4Kids Entertainment, and already once as 4licensing Corporation. The scammers involved are named Bruce R. Foster, Leslie Rudd, Duminda Desilva, Al Kahn, Wade Massad, Ken Feldman, and Phil Frohlich. Wade Massad is with Cleveland Capital, and Phil Frohlich is with Prescott Capital.

The facts are all public record. AL Kahn allowed the company to go from one billion in market value to zero until they filed bankruptcy as 4kids entertainment in 2011. He then let Bruce R. Foster loot the company, while allowing Phil Frohlich and Wade Massad to squander what remained of a positive lawsuit settlement, as the company changed its name to 4licensing Corporation in 20012. Bruce R. Foster, currently of Asta Funding, abandoned the company while CEO of 4licensing, but not before taking out over one million for himself. Foster handed the company over to Phil Frohlich of Prescott Capital, who proceeded to quickly file another Bankruptcy, after moving the company to his home turf in Tulsa, Oklahoma.

Phil Frohlich then conspired with Wade Massad of Cleveland Capital, as well as Leslie Rudd, Ken Feldman, to engineer a bid in bankruptcy, to acquire the tax and technology assets with clear title, while delivering all other shareholders a 100 percent loss.

Before delivering shareholders total losses, the lowlife made false statements with the SEC, as well as with press releases, and this was designed to attract unsuspecting new buyers of their eventually worthless stock. These people are typical Wall Street scum. They destroy families without a care in the world, and yet they have yet to be stopped because the SEC will not step in unless there are thousands of victims. 

It is likely that if the right District Attorney or enforcement agency took up the case against this group of career criminals, that prison sentences would result. If you are ever about to get involved in a financial transaction with Bruce R. Foster, Phil Frohlich, Prescott Capital, Wade Massad, Al Kahn, Duminda Desilva, Leslie Rudd, or Kenneth Ira Feldman, then I suggest you run away as fast as you can. These scum, even though idiots in the traditional sense, try to hide behind the veneer of respectability, when history shows that they have a strong habit of dealing partners, shareholders, and other creditors devastating losses, if that is what they feel will allow them to move on and scam others.

The public record alone is enough to lock many of these criminals up right now. If any of them chooses to make a false denial here, I will be forced to provide more detailed personal info that will show criminality, as well as provide personal correspondence and examples of false public statements and SEC filings that will back up all of my assertions. These people have destroyed enough lives with zero consequences, so any attempt spin the truth will be met with more detailed force.

I advise you to avoid those mentioned, or you will likely be spending time that is known as Hell on Earth. The  only saving grace is that a few of these people are over 70, so their reign of terror should end soon enough, unless law enforcement steps in first.