How and Why Did John Thomas Financial and Frank Del Vecchio Defraud AMBER Ready's Investors?

Anastaios Belesis, of John Thomas Financial

The President of the Council of Presidents of the New York City Housing Authority's letter confirms that John Thomas Financial knowingly defrauded its clients that invested in AMBER Ready failing to disclose their intent to terminate Kai Patterson as the CEO of the company. In the Thank You Letter sent to Kai Patterson by the Housing Authority, it clearly states that John Thomas Financial intended to replace Mr. Patterson as the CEO of the Company while raising money for AMBER Ready (See: http://bit.ly/2qWfjAw). Mr. Brown, referred to in the letter is Fred Brown, who is the Chairman of the National Black Republican Council (See: http://bit.ly/2msstAE). The letter directed to Mr. Patterson, which was prepared and signed by the President NYCHA's Council of Presidents states that Fred Brown told the Housing Authority that John Thomas Financial intended to have Mr. Patterson terminated in May 2009 and August of 2009 (See: http://bit.ly/2DlGveE and http://bit.ly/2D3xOZA). Since Mr. Patterson's employment and shareholders agreements would only allow him to be terminated in the event that Mr. Patterson committed fraud, documents needed to be falsified to arrange for Mr. Patterson's termination (See: http://bit.ly/cCrKp8). In an attempt to conceal the fraud Frank Del Vecchio and Anastaios "Thomas" Belesis attempted to commit against the New York City Housing Authority, Robert Bursky threatened the Housing Authority with a law suit. Mr. Bursky sent Mr. Bowman from the Housing Authority an e-mail that stated, "We are hereby placing you, the Citywide Council of Presidents, and the New York City Housing Authority that we will be initiating a $10,000,000 lawsuit next week based upon your letter. In that lawsuit we will also seek to uncover what exactly is your relationship with Mr. Patterson such that you would write such a letter". The e-mail threat with a copy of the letter was sent to Federal Authorities by the New York City Housing Authority.

Frank Del Vecchio

If John Thomas Financial knew they intended to have Mr. Patterson terminated, why did they not disclose this information to their clients that invested more than 14 million dollars in the Company between April 2009 and July 2009? This failed disclosure by John Thomas Financial, defrauded the AMBER Ready Investors into investing in a company, who's CEO was the developer or designer of all the company's technology and was key to the company's success. John Thomas Financial also required that AMBER Ready take out a "Key Man" life insurance policy on Mr. Patterson, because his role in the success of the company was important, as stated throughout the Private Placement Memorandum filed in April of 2009 to raise the more the 14 million dollars. Mr. Patterson developed and maintained AMBER Ready for almost 10 years, however the Company shutdown within 10 month after Mr. Patterson was wrongfully terminated.  Frank Del Vecchio has not background in software development for websites or mobile phones.

AMBER Ready and John Thomas Financial continued to defraud investors by failing to disclose numerous facts about the company. Since all of the funds raised through John Thomas Financial were raised in the form of "Convertible Notes", where the investors can convert their loans into additional stock until the repayment of the loan. Investors also received one (1) share of stock for each dollar ($1) they invested. Each investor's decision to convert their loans into stock with convertible note investments are based on the performance of the company. When an investment bank or the executives in a company fail to disclose the truth about their company, they are persuading their investors to convert their loans into stock under false pretences, which is securities fraud.

Kai Patterson Receiving NOBLE Award

When Frank Del Vecchio became the CEO of AMBER Ready and failed to disclose to the company's investors and the agencies marketed the mobile phone application, not only was he committing consumer fraud, but he was committing securities fraud. Mr. Del Vecchio prepared and issued several letters to investors without disclosing the Company no longer had a working mobile phone application (See: http://bit.ly/2CR1Z1L, and http://bit.ly/2EwBiji). The letters were an attempt to get additional investors to convert their loans into addition stock and prevent investor from filing lawsuits against the Company. While Mr. Del Vecchio was the CEO of AMBER Ready, he told employees not to disclose the company he hired to reproduce the mobile phone application was unable to get the application to work (See: http://bit.ly/2EAF9vJ). Several former employees confirmed Mr. Del Vecchio's new mobile phone application did not work. Mr. Del Vecchio also confessed under oath in a deposition the AMBER Ready Mobile Phone Application did not work after lying to investors and numerous organizations (See: http://bit.ly/2AQeBo8). The June 30, 2010 letter to the investors was sent six (6) days after Mr. Del Vecchio confessed the mobile phone application did not work in a deposition under oath, and yet no mention of nonworking mobile phone application was in the shareholder letter (See: http://bit.ly/2ml0fqx). The new application replace the working application designed by Mr. Patterson and developed by Blinglets. Mr. Patterson also designed AMBER Ready III, which was scheduled to be released in December 2009, but was terminated before the application could be developed.

To prevent investors from learning the truth about the mobile phone application, Mr. Del Vecchio falsely marketed the application to several police departments, child advocate organizations and schools. Mr. Del Vecchio also fraudulently sold the application to the Bergen County Sheriff's Department (See: http://bit.ly/2D2zJNZ). Galaxy Media and Marketing Corporation became the parent company in a merger that acquired AMBER Ready and CK-41 Direct. Galaxy Media and Marketing Corporation retained Mr. Del Vecchio as the CEO of the new AMBER Ready Safety Solutions company formed from AMBER Ready (See: http://mwne.ws/2mjOfFH). Mr. Del Vecchio and Mr. Belesis concealed the AMBER Ready Mobile Phone application no longer work from CK-41 prior to the merger. This failure of disclosure also defrauded the investors of CK-41 because their stock was diluted through the merger. Mr. Del Vecchio later resigned as the CEO after confessing the mobile phone application did not work. While Mr. Del Vecchio was the CEO of AMBER Ready Solutions, Galaxy Media issued shareholder letters failing to disclose the mobile phone application did not work. The shareholder letter also boasted about the sale of the AMBER Ready application to the Bergen County Sheriff's Department, whom also gave Mr. Del Vecchio a citation award before learning the application did not work.

Not only did Mr. Del Vecchio waste the AMBER Ready investor's money by maintaining an operation for an application that did not work after Mr. Patterson was terminated, the Company also wasted investor's money on produced and marketing a video to market and sell the mobile phone application (See: http://bit.ly/9YbAPo). Mr. Del Vecchio also paid for television air time to market an application he knew did not work. The advertisements were aired while the Company was filing a registration statement with the Securities and Exchange Commission to have the Company's stock publically trade. Not only did the registration statements filed by AMBER Ready in December of 2009 and amendment in February of 2009 contain false statements concerning the technology and number of enrollments, but John Thomas Financial also failed to disclose to its investors the investment bank was under investigation for the Inter-Oil scandal, which made it extremely difficult for the stock to be approved to trade (See: http://bit.ly/gvRHsJ).

John Thomas Financial is currently raising money for Galaxy Media, without either company disclosing the AMBER Ready Program has been shutdown. The investors that invested in AMBER Ready, CK-41 or Galaxy Media have not been told the truth about the mobile phone application, the shutting down of the AMBER Ready, pending lawsuits or the ongoing Federal Investigations. Most investors have learned the truth about the Company through this blog site (See: http://bit.ly/godVLd). Investors have been told numerous lies about the mobile phone application and have been made to believe that John Thomas Financial is a honest investment bank. Investors have been told about Mr. Belesis role in the movie Wall Street II to entice them to convert their loans into stock, while deep dark secrets about the companies they fund are withheld from investors (See: http://bit.ly/fU9Xdr).

John Thomas Financial attempts to conceal that John Thomas Bridge and Opportunity Fund is a subsidiary company. Both companies share the same name and use the same company logo. Now John Thomas Financial and John Thomas Bridge And Opportunity Fund is being sued by countless organization (See: http://bit.ly/2r0XLn5 and http://bit.ly/2FuP4EC). Since the Securities and Exchange Commission requires investment banks to disclose the number of shares they own in a company and imposes restrictions if an investment bank is a majority shareholder, John Thomas Bridge and Opportunity Fund was setup to hide the relationship. AMBER Ready and Galaxy Media and Marketing have not disclosed the true relationship of John Thomas Bridge and Opportunity Fund in any private placement memorandums or registrations statements. John Thomas Financial also failed to disclose to the investors of AMBER Ready the "Penalty Shares" requirement would significantly dilute the investors percent of ownership in the Company. The Penalty Shares were represented to investors as a term and condition to force the Company to file a timely registration statement, when in fact it was used to significantly dilute investors ownership. Each time Penalty Shares were issued to investors, John Thomas Bridge and Opportunity Fund received more than six (6) times as many shares. After John Thomas Financial feels there are too many shares issued, the John Thomas Financial requires the Company to do a reverse split on the stock, and issues themselves more stock. The last reverse split was 10 to 1, which further significantly dilutes investors. None of these facts are ever disclosed to investors prior to their investment or even long after they invest, until it's too late and they have lost their money.

After Mr. Patterson learned of the scheme he refused to issue the Penalty Shares to John Thomas Bridge and Opportunity Fund. The issued caused huge fights between Mr. Patterson and Mr. Belesis. On August 24, 2009, Mr. Del Vecchio and Mr. Belesis offered Mr. Patterson a consulting position if he resigned as the CEO of AMBER Ready, which was prepared by the Company's attorney, Mark Ross (See: http://bit.ly/2CoHiyd). When Mr. Patterson refused to accept the consulting position, a document was forged to allege the past due salary that Mr. Patterson paid himself in April 2009 was misappropriated. Del Vecchio was promoted to CEO of AMBER Ready and given a salary raise of more than $390,000 per year with compensations ($300,000 Salary + $24,000 Annual Monthly Expenses + $66,000 Annual Repayment of Home Equity Loan = $390,000), while he maintained his job as the Deputy Police Chief of Fairview, New Jersey (See: http://bit.ly/2D2kmEf). The e-mail containing the outline of Mr. Del Vecchio's increase in compensation did not include the $5,500 per month that was paid to repay a home equity loan that was used to purchase cell phone equipment that was placed in storage. Prior to AMBER Ready shutting down, Mr. Del Vecchio sold all of the items in storage and all of the company furniture and computers to pay his personal salary.

When Mr. Del Vecchio was appointed as the CEO of AMBER Ready, he immediately issued the Penalty Shares to significantly dilute the investors of the Company, while increasing John Thomas Financial's and John Thomas Bridge and Opportunity Fund's stock ownership from 5% to 44.73% in a period of three (3) months without having a single dollar invested in the company by (See: http://bit.ly/2qUsa69). John Thomas Bridge and Opportunity Fund's bridge loan was repaid with the investor's loans, and but received 22.5 times the penalty shares as a single investor that invested the same amount of money invested and repaid to John Thomas Bridge and Opportunity Fund. It appears that everyone got greedy and destroyed a company that created a great product for a great cause. The real losers are the missing children that could have been saved by Mr. Patterson's creation and the investors. Mr. Del Vecchio is still the Deputy Police Chief of Fairview, New Jersey and making a very nice salary. Thomas Belesis continues to make millions each year by defrauding investors through concealing the truth and entering into new investment agreements with new companies.

Although Mr. Del Vecchio was the CEO of AMBER Ready while he was the Deputy Police Chief of Fairview, New Jersey, there are no records filed with the city of Fairview to confirm that he was given permission by city to maintain both jobs. AMBER Ready's Office Manager, Christina Cella stated in her affidavit that Mr. Del Vecchio performed tasks while he was on police duty (See: http://bit.ly/2mj6v2f). Mr. Del Vecchio cell phone records can easily confirm this fact and that he was in fact committing fraud while on duty. Cell phone tower transmissions will confirm that he placed calls to AMBER Ready, ABC Studios, AMBER Ready vendors and employees while on duty in Fairview, New Jersey. E-Mails times and dates sent by Mr. Del Vecchio related to AMBER Ready will also confirm he conducted business for AMBER Ready and committed acts of fraud while on duty. Not only do investors have the right to take legal actions against Galaxy Media, John Thomas Financial, Mr. Del Vecchio and Thomas Belesis, but they have the right to take actions against the city of Fairview, New Jersey.

Questions?

• Why terminate the founder, only software designer and developer in your company, when you need to redevelop another mobile phone application and you are a child safety technology company?

• Why not hire a company that has mobile phone software development experience to recreate the mobile phone application, after terminating the only designer and developer of your working software?

• Why spend tens of thousands of dollars to produce a video of a product that you know you no longer have to sell?

• Why spend hundreds of thousands of dollars to market a product that you don't have to sell after the termination of the person who created the original software and you no longer have rights to the version of the software produced by an outside company
?

• Why promote the partnerships and agreements you have acquired to sell and purchase your product, when you know you don't have the product?

• Why use child safety as a means of cheating investors, police departments, parents and agencies like the Boy Scouts, Housing Authority, FLEOA, NOBLE and PTA?

• Why convince innocent investors to convert their loans into additional stock into a company you know does not have the product to ever become a successful company, and dilute their stock ownership by issuing yourself undisclosed Penalty Shares?

• Why spend hundreds of thousands of dollars in legal fees, audits and filing fees to get your company's stock to publically trade when you don't have the product you are marketing a promoting?

• Why file a registration statement to overstating your number of enrollments by more than 2000%?

• Why issue stock to yourself in a company you know does not have the product you are representing to the Securities and Exchange Commission?

• Why file a registration statement to take a company public and only register your stock and close associates to trade?

Answer:

• When you want to implement a "Pump and Dump" and you have a history of doing so (See: http://bit.ly/hkVgfE).

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 Galaxy 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://bit.ly/1mqIHAp 

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