Complaint Review: Marvin Rowe-Go Public CEU-Go Pubic Pros GmbH - Berlin Internet

Beware of Marvin Rowe he was banned for life from the USA for his pump and dump schemes and is a convicted felon

Barred brokerage executive has second alias By Justin McLachlan on July 7, 2009 1:05 PM
 Kyle Rowe, a former brokerage executive barred from the industry in 2006, changed his name to Marvin K. Rowe II earlier this year - he says to honor his father. But a third named used by Rowe, one that bears no resemblance to his father's, has surfaced in a lawsuit filed in San Diego last summer by one of Rowe's clients.  

The court file includes an affidavit filed in June 2008 by Parabolic LLC, one of Rowe's stock-promotion companies. It was signed by a "Kyle Rower" -- with an extra "r" at the end. The signature appears to match the one on a Securities and Exchange Commission form filed a few years earlier by Kyle Rowe - without the extra "r."  

Sharesleuth also compared those signatures with one on an SEC filing by Parabolic, covering the sale of $750,000 of stock in a client company called Cal-Bay International Inc. It seemed to be a match, too. (see the documents below) 

The affidavit was filed to support Parabolic in a dispute with Pangenex Corp., a Florida-based company. Pangenex had sued Parabolic, accusing the company in court documents of failing to perform any promotion services after taking $125,000 worth of common stock as payment, and of driving down Pangenex's stock price by dumping that stock on the market. Parabolic denied wrongdoing and the case appeared to have been settled later that year. 

Rowe was the subject of a previous Sharesleuth report in April. We discovered that he had legally changed his name, effectively obscuring his past run-ins with regulators. His new firm, Going Public LLC, helps companies gain listings on stock exchanges in the United States and Germany.  

At the time, Irving Einhorn, an attorney representing Going Public, would not allow Rowe to be interviewed. Rowe, however, started a Web site and posted an explanation in response.  

"I legally changed my first name to Marvin, the name of my 71-year-old father, who I love and respect more than any other man in the world," Rowe says on the site. "I am very proud to carry his name. Period. Nothing more needs to be said about that." In that post, he made no mention of using last name "Rower."  

When we asked him about it, he said: "Why don't you write your questions or comments on my Blog in the comments section if you'd like and I'll publish them and answer you right there if you get such a kick out of this."  

Rowe then published the question in his blog's comment section and posted an answer that indicated he thought using the name "Rower" could help him avoid attention from reporters. Both comments were later deleted.

Continue reading Barred brokerage executive has second alias.  

Barred brokerage executive has hidden network of stock promotion sites By Justin McLachlan on May 1, 2009 6:27 PM

 Kyle Browning Rowe, a barred brokerage executive who now goes by the name Marvin Kyle Rowe II, has built a maze of financial- and stock-related Internet sites that he uses to promote his companies and clients.

Records show that Rowe controls at least 40 investment-oriented domain names including marketwatchguru.com, earlybirdstocks.com, smallcapstockalerts.com, goingpublicpros.com, parabolicllc.com, e-newsfinancial.com, stocknewsroom.com and ipos2watch.com. The connections between Rowe, his companies, clients and Web sites aren't always visible or disclosed. The promotion of a Kansas company called Omni Ventures Inc. (OTCBB: OMVE.OB) is a case in point.Omni Ventures gained a listing on the Over the Counter market in February through a stock sale and registration orchestrated by Going Public LLC, a San Diego-area company that Rowe founded in 2007.

Securities and Exchange Commission filings show that Rowe and others connected to Going Public got just over 12 million of Omni Ventures' 92.6 million shares.A FAVORABLE PROFILEIn March, the stock-promotion site MarketWatchGuru.com posted a favorable profile of Omni Ventures. Domain records show that Rowe - the subject of an earlier Sharesleuth report -- registered that site, using the same address and phone number as Going Public.MarketWatchGuru.com said Omni Ventures "is funding 240 apartments, an elaborate water park/family fun center, and a modular home manufacturing facility for the Nambe Pueblo in Santa Fe, New Mexico."

It also said that Omni Ventures -- which listed just $2,126 in cash in its latest SEC filing - was working with three Indian tribes on projects worth $170 million.But Herbert Yates, chief executive of the Nambe Pueblo Development Corp., told Sharesleuth that the apartments, water park and factory have not advanced beyond the proposal stage. 

He said the chief executive of Omni Ventures has been trying for two years to raise the money for those projects, without success."Come here and break ground, and I'll believe it's happening,'' he said.MarketWatchGuru.com said on its disclosure page that it received just over 12 million shares of Omni Ventures' stock "from an affiliate of Omni Ventures" as compensation for its services. It said it intended to sell those shares.

MarketWatchGuru.com didn't identify the affiliate. Nor did it file a Form 13D with the SEC, which is required of any individual or group that acquires 5 percent or more of a company's shares.Since Omni Ventures went public, its stock has risen from 15 cents a share to the current price of $1.01, although trading has been minimal.(Disclosure: No one associated with Sharesleuth.com has any investment position, short or long, in the companies mentioned in this story).

ROWE'S REGULATORY PASTRowe was president and co-owner of Salomon Grey Financial Corp., which was expelled by the National Association of Securities Dealers (now FINRA) in April 2006. The NASD found, among other things, that Salomon Grey's brokers put customers in unsuitable stocks and made unauthorized trades in their accounts. It permanently barred Rowe from the industry.The SEC also barred Rowe after he settled charges that he and Salomon Grey helped manipulate the shares of a California company called Freedom Surf Inc.

Domain records show that Rowe registered the Web site of Parabolic LLC, a stock promotion firm that operates from the same address as Going Public. Corporation records show that he was formerly its managing member.Parabolic's Internet domain was registered on March 3, 2006, just four days after Salomon Grey notified the NASD and SEC that it was terminating its registration as a securities broker and dealer.Sharesleuth noted that Parabolic's president from 2006 to 2008 was Adam J. Gilman, another barred broker who had served time in prison for his part in a multi-million dollar fraud scheme. Parabolic and Going Public both list Ralph Spina as a sales executive.

Spina has been implicated in the activities of another San Diego-area company that has taken hundreds of thousands of dollars from homeowners for mortgage-modification help that it failed to deliver (read about Spina at BailoutSleuth.com).STOCK PROMOTION SITESMarketWatchGuru.com and another Rowe-registered site, EarlyBirdStocks.com, have touted the shares of companies that Parabolic LLC was hired to promote.

Neither site has publicly disclosed its ties to Parabolic. But a presentation created by Parabolic included stock charts showing the effects of promotional campaigns by EarlyBirdStocks.com "and other proprietary sites.''MarketWatchGuru.com, EarlyBirdStocks.com and a third site, SmallCapStockAlerts.com, also have featured companies with no apparent ties to Rowe, collecting at least $1.5 million for those reports. The companies currently profiled on the sites include Oncolytics Biotech Inc. (Nasdaq: ONCY), Action Products International Inc. (Nasdaq: APII) and Zi Corp., which also traded on the Nasdaq until it was acquired this month.MarketWatchGuru also has been promoting Pax Clean Energy Inc. (OTCBB: PXCE.OB).

The SEC this week halted the trading in that company's shares, citing concerns about the lack of current information concerning its securities.PHANTOM SITESRowe also has used some of his other domains to promote Parabolic and Going Public, without ever mentioning their connection to those companies. For example, E-newsfinancial.com, which appears to have never actually existed beyond its domain registration, issued several press releases about those companies. A release in December 2007 announced an "exclusive deal'' in which Parabolic would provide stock promotion services to all of Going Public's clients.

An earlier release touted the "Parabolic Exclusive Guarantee," a written promise that Parabolic's clients would get a minimum number of visitors to a "custom designed" online profile - like the ones posted at EarlyBirdStocks.com and MarketWatchGuru.com. (link to document).A third release credited to e-newsfinancial.com announced the creation in November 2007 of investorrelationsone.com, calling it "a turn-key uber investor relations/investor awareness hybrid." The site has no content currently, but is still registered to Marvin K. Rowe II, the name Kyle Rowe now uses.  

Barred brokerage executive operating under new name By Justin McLachlan on April 22, 2009 8:49 PM

Going Public LLC, which helps companies get listed on stock exchanges, says founder Marvin K. Rowe II has 17 years of investment banking experience, is well known in the industry and can tap a vast network of funding sources.

But Sharesleuth found no mentions of him in Securities and Exchange Commission filings or old new stories, no registrations as a securities broker or investment adviser, not even a home address. That's because Going Public's founder is really Kyle Browning Rowe, the former president of Salomon Grey Financial Corp., a brokerage shut down by regulators in 2006. Rowe was barred from the industry by both the SEC and the National Association of Securities Dealers.

Going Public helps clients gain market listings through so-called "direct filings" or through reverse mergers with publicly traded shell companies. Sharesleuth discovered that Rowe has been operating as a stock promoter and consultant for the past three years, mostly under the radar. He began using the name Marvin K. Rowe II in the second half of 2008, as Going Public's activities became more visible.

AN OFFICIAL NAME CHANGE Rowe asked a San Diego court last December to legally change his name to Marvin Kyle Rowe II. He explained in his petition that he wanted to carry the same name as his father "out of respect and admiration." Even though Rowe's father is actually named Marvin W. Rowe, the court did not question his explanation. The change took effect Feb. 13. Irving M. Einhorn, an attorney for Going Public, told Sharesleuth that Rowe is running a clean business and isn't doing anything wrong by using a different name.

"That's not fraud," Einhorn said in a phone interview. He declined to allow Rowe to be interviewed, and said Rowe's decision to change his name had nothing to do with hiding past regulatory problems.

Those started in 2002, four years after Rowe bought Salomon Grey, which was based in Dallas. The SEC charged Rowe, Salomon Grey and 15 other defendants with scheming to manipulate the shares of a California company called Freedom Surf Inc.

ROWE'S REGULATORY PAST The SEC alleged that Rowe and a partner at Salomon Grey got shares of Freedom Surf at a 50 percent discount from Allen Z. Wolfson, a recidivist white-collar criminal and one of the architects of the scheme. Salomon Grey sold the shares at inflated prices to its brokerage customers, many of whom later suffered big losses when the market for Freedom Surf's stock collapsed.

The NASD (now the Financial Industry Regulatory Authority) alleged in a separate case that Salomon Grey's brokers put customers in unsuitable stocks and traded in their accounts without authorization. It also said the firm hired people with extensive disciplinary histories and ongoing regulatory actions to serve as supervisors.

The NASD expelled Salomon Grey in April 2006 and permanently barred Rowe from the industry. Rowe settled the SEC charges that same year. He did not admit wrongdoing, but agreed not to associate with any broker or dealer. Before Rowe ran Salomon Grey, he worked for a pair of frequently disciplined San Diego-area brokerages, La Jolla Capital Corp. and its successor, Pacific Cortez Securities Inc. Their operator, Harold Bailey Gallison, pleaded guilty to conspiracy to commit securities fraud in 2003, in connection with a stock manipulation scheme that cost investors $2.5 million. Gallison was sentenced to five years in prison.

GOING PUBLIC'S ACTIVITIES Two companies have filed to go public this year through deals orchestrated by Rowe's new firm. The first was Omni Ventures Inc. (OTCBB: OMVE.OB), whose shares began trading in February. The second, LIG Assets Inc., is still awaiting SEC approval. Rowe and others associated with Going Public got millions of shares in those companies in return for their services. The filings for each identified Kyle Rowe as Marvin K. Rowe II.

In addition to getting help with financing and SEC filings, Going Public's clients get stock promotion services from a company called Parabolic LLC. Rowe registered the Internet domain name for that firm and once was listed in corporation filings as its managing member.

Going Public and Parabolic share the same address and phone number in La Jolla, Calif. Since we began making inquiries, Going Public has removed the page on its web site that featured biographies of Marvin K. Rowe II and other employees. Parabolic has taken its entire website offline.

Sharesleuth will have more on this story. Continue reading Barred brokerage executive operating under new name. 

http://sharesleuth.com/shorttakes/2009/04/going-public-kyle-rowe-marvin-rowe/

http://www.poynter.org/how-tos/digital-strategies/e-media-tidbits/95391/sharesleuth-com-investigation-raises-questions-beyond-financial-world/http://sharesleuth.com/shorttakes/2009/10/is-notorious-brokerage-boss-ha/

http://www.sec.gov/litigation/admin/2006/34-53927.pdfhttp://blogs.dallasobserver.com/unfairpark/2006/04/you_will_never_work_in_this_bi.php

http://www.businessweek.com/magazine/content/02_50/b3812109.htm

http://www.sec.gov/litigation/complaints/comp17756.htmhttp://sharesleuth.com/shorttakes/2009/05/kyle-browning-rowe-parabolic-web-sites/

http://www.crimes-of persuasion.com/boilerrooms/freedom_surf.htm

http://www.sec.gov/news/digest/2006/dig060206.txt

http://www.zoominfo.com/#!search/profile/person?personId=369188662&targetid=profile

http://www.securities-fraud-attorneys.com/lawyer-attorney-1653239.html

http://thedailycaveat.blogspot.com/2006/05/nasd-expels-salomon-grey-financial.html

http://www.siliconinvestor.com/readmsgs.aspx?subjectid=53311&msgnum=37&batchsize=10&batchtype=Next

http://www.sec.gov/about/offices/ocie/aml/finra-awc-legent.pdfhttp://forumserver.twoplustwo.com/29/news-views-gossip/victory-poker-move-cereus-network-1006159/index4.html

http://www.sec.gov/litigation/litreleases/lr17756.htm

http://sharesleuth.com/cgi-bin/mt/mt-search.cgi?IncludeBlogs=2&search=Parabolic

http://registeredrep.com/regulatory/finance_cockroaches_investment_business/index1.html

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37498949

http://www.scribd.com/doc/17180463/Kyle-Rowes-Signatures

be careful of this pump and dump convicted felon