And again: Bio Defense Corp. scam ...

Truthfaith · Jun 19, 2012, 10:55pm

Quote:

Originally Posted by pboyles

I thought he was dead.

Yes, it is hard to find noble heart nowadays, people aren't sensitive with the name any more.

savvas · Jul 18, 2012, 2:40pm

Quote:

Originally Posted by Truthfailth

It looks the management team of Biodefense has been completely changed, where will this new management team lead the company, anyone has information on it? I don't see anything going on since 9/2010 on company website. Still pray somone do right thing to reverse the damage that Lu did to us, good thing also multiplies the result.

Completely changed? Perhaps...but many of the same ne'er do wells are still involved, and even listed on the website. I wouldn't touch it with a 10ft pole.

Truthfaith · Jul 30, 2012, 11:23am

Yes, somebody is pretending crazy or stupid from inside.

fundseeker · Oct 13, 2012, 10:18pm

I'm a Canadian investor. Looks like the old guard at BioD have been charged by the SEC with Fraud ,Sept 12,2012. Is anyone putting together a class actio suit or??

pboyles · Oct 14, 2012, 4:52am

Quote:

Originally Posted by fundseeker

I'm a Canadian investor. Looks like the old guard at BioD have been charged by the SEC with Fraud ,Sept 12,2012. Is anyone putting together a class actio suit or??

Do you have a link to an SEC announcement or something?

pboyles · Oct 14, 2012, 5:48am

OK here it is.

SEC files charges against Bio Defense, executives for misleading investors about Boston firm - Boston.com

fundseeker · Oct 14, 2012, 8:00pm

A friend , investor spoke with Ed Walsh a week ago at BioD HQ . Don't quote me on the following , and you should call the co. yourself , as I will do in a week or so with a fellow investor on a 3 way call to be sure we get the story straight. He says they could have gone bankrupt but chose not to.They are still pursuing the medical waste treatment aspects of the technology, and of course the defense aspect , but the medical has more potential due to cutbacks in Gov't spending on defense of this type. He said the remaining executives feel a responsibility to the investors ( we invested before the 2008 crash) Ed says that when the dust settles on the charges against the former execs they will be able to tell us more about what happened with them . Right now they can't say much about that or there business plans going forward. From what I can read later investors from off continent were really caught up in a boiler room situationand much of their $ went to the promoters, not BioD. activities. I would think that the company will be under extreme scrutiny by authorities now. Hopefully they can make some headway and sell some product and make us some $. Not sure where they would get any $ from to do that though.

pboyles · Oct 15, 2012, 1:05am

Quote:

Originally Posted by fundseeker

A friend , investor spoke with Ed Walsh a week ago at BioD HQ . Don't quote me on the following , and you should call the co. yourself , as I will do in a week or so with a fellow investor on a 3 way call to be sure we get the story straight. He says they could have gone bankrupt but chose not to.They are still pursuing the medical waste treatment aspects of the technology, and of course the defense aspect , but the medical has more potential due to cutbacks in Gov't spending on defense of this type. He said the remaining executives feel a responsibility to the investors ( we invested before the 2008 crash) Ed says that when the dust settles on the charges against the former execs they will be able to tell us more about what happened with them . Right now they can't say much about that or there business plans going forward. From what I can read later investors from off continent were really caught up in a boiler room situationand much of their $ went to the promoters, not BioD. activities. I would think that the company will be under extreme scrutiny by authorities now. Hopefully they can make some headway and sell some product and make us some $. Not sure where they would get any $ from to do that though.

It's more lies to keep stringing you along and most likely set you up to take more money from you. Michael Lu has already been prosecuted in Texas for breaching securities laws.

Jul 30, 2012, 11:23am	#43
Truthfaith Rookie Member Member Since Jun 2012 5 Posts	Re: And again: Bio Defense Corp. scam ... Yes, somebody is pretending crazy or stupid from inside.

Oct 13, 2012, 10:18pm	#44
fundseeker New Member Member Since Oct 2012 3 Posts	Re: And again: Bio Defense Corp. scam ... I'm a Canadian investor. Looks like the old guard at BioD have been charged by the SEC with Fraud ,Sept 12,2012. Is anyone putting together a class actio suit or??

Oct 14, 2012, 5:48am	#46
pboyles Legendary Member Member Since Oct 2006 7,750 Posts	Re: And again: Bio Defense Corp. scam ... OK here it is. SEC files charges against Bio Defense, executives for misleading investors about Boston firm - Boston.com

Oct 14, 2012, 8:00pm	#47
fundseeker New Member Member Since Oct 2012 3 Posts	Re: And again: Bio Defense Corp. scam ... A friend , investor spoke with Ed Walsh a week ago at BioD HQ . Don't quote me on the following , and you should call the co. yourself , as I will do in a week or so with a fellow investor on a 3 way call to be sure we get the story straight. He says they could have gone bankrupt but chose not to.They are still pursuing the medical waste treatment aspects of the technology, and of course the defense aspect , but the medical has more potential due to cutbacks in Gov't spending on defense of this type. He said the remaining executives feel a responsibility to the investors ( we invested before the 2008 crash) Ed says that when the dust settles on the charges against the former execs they will be able to tell us more about what happened with them . Right now they can't say much about that or there business plans going forward. From what I can read later investors from off continent were really caught up in a boiler room situationand much of their $ went to the promoters, not BioD. activities. I would think that the company will be under extreme scrutiny by authorities now. Hopefully they can make some headway and sell some product and make us some $. Not sure where they would get any $ from to do that though.

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