How Frank Del Vecchio Committed Fraud To Indict Kai Patterson
See Kai Patterson Dismissal: Click Here
See All Counts Dismissed: Click
Here
The Federal Charge Against Kai Patterson
Was Also Dismissed
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| Mobile Phone Application |
Prior to August of 2009, Kai Patterson announced and rolled
out a mobile phone child safety program called AMBER Ready II to enable parents
to download a mobile phone application into their wireless phones to reduce the
time to disseminate a missing child alert from hours to minutes (See: http://bit.ly/2mjtQA0. In August of 2009,
AMBER Ready's Founder and CEO learned the investment by John Thomas Financial
was structured to cheat the company's investors through Penalty Shares.
Unwilling to issue the Penalty Shares to cheat the company's investors, Frank
Del Vecchio falsified documents to allege that Mr. Patterson misappropriated
funds. The Board of Directors terminated Mr. Patterson as CEO and Chairman of
the company and Mr. Del Vecchio became AMBER Ready's new CEO. To compensate Mr.
Del Vecchio for his actions, he was given a raise by AMBER Ready's Board of
Directors from $100,000 per year to more than $380,000 per year with
compensations (See: http://bit.ly/2D2kmEf).
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Kai D. Patterson
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Prior to Mr. Patterson's termination, he became suspicious
of Mr. Del Vecchio and setup an e-mail monitoring program to receive copies of
Mr. Del Vecchio's e-mails without anyone's knowledge. In an attempt to justify
terminating AMBER Ready's Founder and Former CEO, Frank Del Vecchio hired a
long time friend and private investigator, James O'Connor to falsify documents
to allege that Kai Patterson misappropriated funds. The documents Mr. O'Connor
produced shows a cut wire transfer form and photographs of an e-mail Mr.
Patterson was accused of having printed and shredded along with the original
wire transfer form (See: http://bit.ly/2mtdcQb).
Unknown to Mr. Del Vecchio and Mr. O'Connor, the shredder in Mr. Patterson
office that Mr. Connor alleged Mr. Patterson used, had been broken for almost two years. Also unknown to anyone, Mr. Patterson had received a copy of Mr.
O'Connor's certification and photographs of the falsified documents when they
were e-mailed to Mr. Del Vecchio. Christina Cella, AMBER Ready's office manager
and Mr. Patterson's assistant, provided an affidavit that confirmed Mr.
Patterson's shredded had not worked for the entire time she was employed with the
company (See Paragraphs 2 & 23: http://bit.ly/2mm4mCC).
When Mr. Del Vecchio and Mr. O'Connor falsified the documents to alleged that
Mr. Patterson created false documents to misappropriate funds, they mistyped
Mr. Patterson's e-mail address as "kap@amberalertsafety.com",
instead of "kdp@amberalertsafety.com".
At the time documents were alleged to have been shredded by Mr. Patterson, his
e-mail address was "kdp@amberready.com,
because the company stopped using their "amberalertsafety.com"
server. Several former AMBER Ready employees has provided affidavit to confirm
that Mr. Patterson's e-mail address was "kdp@amberready.com" (See: http://bit.ly/2ms9E0s, http://bit.ly/2AQknGf and http://bit.ly/2D1C1wE). The typo by Mr. James
O'Connor and letters provided by several former AMBER Ready employees confirmed
the shredder in Mr. Patterson's office had not worked for more than 20 months.
These documents also confirmed Mr. Del Vecchio and Mr. O'Connor falsified the
documents to arrange for Mr. Patterson to be terminated as the CEO of AMBER
Ready, and to file the false complaint.
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Mistyped E-Mail Of Fake Evidence
|
To ensure Mr. Patterson had no ties to AMBER Ready's mobile
phone technology, Mr. Del Vecchio hired Shining Star Web Strategies to
redevelop AMBER Ready's applications. Shining Star Web Strategies had
previously developed web applications for other company's owned by Mr. Del
Vecchio's (See: http://bit.ly/cXBMWr), but
did not have the sufficient mobile phone application development experience to
redevelop AMBER Ready's mobile phone application. Unable to reproduce AMBER Ready's
mobile phone application to replace the mobile phone application designed by
Mr. Patterson, Mr. Del Vecchio had Shining Star Web Strategies produce a PC
based application that could not enable parents to create their children's
profiles using only their wireless phones. The replacement application was a PC
based program that only created and sent parents an e-mail of the child's data
and photograph. The replacement application functionality could be achieved
with any parents existing e-mail program, and offered nothing significant to
parents that purchased the program. Anyone with an e-mail account, can
create an e-mail with their children's information and pictures. For several
months, Mr. Del Vecchio had the employees of AMBER Ready market and sell the
new application as the original mobile phone application. While Mr. Patterson
was the CEO of AMBER Ready, the New York City Housing Authority agreed to
purchase 30,000 mobile phone application enrollments for $1,500,000 (See: http://bit.ly/2ARr3nE). The National PTA,
Federal Law Enforcement Officers Association, National Organization of Black
Law Enforcement Executives and Mother Against Drunk Driving, where among
several organizations that had entered into agreements to purchase enrollments
or sell the program to parents while Mr. Patterson was the CEO of the company.
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Frank Del Vecchio
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When Mr. Del Vecchio learned that Mr. Patterson had notified
all of the agencies and had received copies of all of his e-mails, AMBER Ready
and John Thomas Bridge and Opportunity Fund filed a complaint and a lawsuit
against Mr. Patterson. The complaint filed by Mr. Del Vecchio, used the
falsified documents prepared by James O'Connor to allege that Mr. Patterson
misappropriated funds from AMBER Ready, hacked into AMBER Ready's server to
monitor Mr. Del Vecchio's e-mails and contacted AMBER Ready's clients to cause
harm to the Company. AMBER Ready's complaint never mentioned the company was
falsely marketing and selling a mobile phone application, which Mr. Del Vecchio
letter admitted did not exist (See: http://bit.ly/2AQeBo8).
Knowing that he had prevented the Housing Authority, as well as other agencies
from being defrauded by AMBER Ready, Mr. Patterson stood up against AMBER
Ready's complaint, which was eventually dismissed (See: http://bit.ly/2D34Ub6).
Since the dismissal of the false complaint against Mr, Patterson, Mr. Del Vecchio has
confessed to numerous acts of fraud as the CEO of AMBER Ready in a deposition
while under oath. Mr. Del Vecchio openly admitted under oath, AMBER Ready did
not have a working mobile phone application. Other former employees have issued
statement confirming AMBER Ready did not have a working mobile phone child
safety application (See: http://bit.ly/2AR38ot).
A former AMBER Ready employee, and retired New York City Police Sergeant
provided an affidavit that confirmed Mr. Del Vecchio told employees to not
disclose AMBER Ready no longer had a working mobile phone application and to
continue selling the program as advertised (See: http://bit.ly/2CTvi3I).
Other employees have provided affidavits to also confirm Mr. Del Vecchio filed
a registration statement containing false statements. In the Registration
Statement and Amendment filed by Frank Del Vecchio to the Securities and
Exchange Commission, he stated the company acquired more than 4,000 enrollments
between March and August of 2009.
False Statement: "During our six-month retail mall
pilot between March and September 2009, more than 4,000 families obtained an
additional wireless phone to enable both parents to participate in the AMBER
Ready Program."
Page 26 of Registration: Click Here, Full Registration Statement: http://bit.ly/blVZ2V
Page 28 of Amendment: Click Here, Full Registration Statement: http://bit.ly/cKdna9
After falsely representing to the SEC AMBER Ready had more
than 4,000 enrollments in December 2009 and February 2010, in his deposition under oath, Mr. Del Vecchio stated
the company acquired about 600 enrollments (See: http://bit.ly/2mt2kBO).
Employee letters and AMBER Ready's accounting statement confirms the company
had less than 300 enrollment (See: http://bit.ly/2AQTzWg and
http://bit.ly/2DoXCfL).
After spending more than 10 years building AMBER Ready, Mr.
Patterson's dream to provide American with a state of the art child safety
program has been shattered. Within 10 months of Mr. Del Vecchio becoming the
CEO of AMBER Ready, all of the agencies Mr. Patterson worked for years to
support his dream have terminated their relationships with AMBER Ready. The
company's mobile phone application no longer exists, furthermore the 24-Hour
Call Center no longer receives calls and headquarters has closed without a
single disclosure to shareholders (See: http://bit.ly/2CR1Z1L,
http://bit.ly/2ml0fqx and http://bit.ly/2EwBiji). The remainder of the $14
million invested in the company has been spent on falsely marketing a program
that no longer existed, and the company has merged into a new company in an
attempt to get the Securities and Exchange Commission to approve the public
trading of its stock under a new company (See: http://bit.ly/9gNMoo).
A Former AMBER Ready Employee
P.S.
Since this information was posted, John Thomas Financial was
been charged with fraud by the Securities and Exchange Commission (SEC) and
FINRA, Frank Del Vecchio has stepped down as CEO, AMBER Ready's successor
company Galxy Media and Marketing Corp has Shutdown, and John Thomas Financial
has shutdown. With the help of several former AMBER Ready employees, the more
than 35 million shares Frank Del Vecchio issued to John Thomas Financial's
hedge fund, which they intended to dump on the market at $10 per share, was
prevented by the SEC. CNBC has also recently produced a television story called
"Greed and Fraud" that exposed the fraud committed by John Thomas
Financial, which was committed with the help of now Fairview Police Chief Frank
Del Vecchio (http://bit.ly/1bd4FBq).
For More Information, Also See:
http://read.bi/YtSRrB
http://bit.ly/YheoXl
http://1.usa.gov/WJW3ih
http://1.usa.gov/15AzdKz
http://bit.ly/11s41MZ
http://bit.ly/12dJxK6
http://bit.ly/13Zn6Hk
http://bit.ly/14tTvWp
http://bit.ly/1a9YeR9
http://bit.ly/1bd4FBq
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