Convictions Against The Investment Bankers Who Defrauded Kai Patterson And His Company "AMBER Ready" Vindicate Mr. Patterson

Anastaios “Tommy” Belesis, President OF JTF

Anastaios “Tommy” Belesis owned the fastest rising investment bank called John Thomas Financial, stared in Oliver Stone’s move called Wall Street 2: Money Never Sleeps (See: https://bit.ly/3m1CfWE). Now, he and his business partner have been convicted of fraud against, the company Kai D. Patterson founded called AMBER Ready, other companies, and countless investors. On September 4, 2020, a final Order against John Thomas Capital Management Group, LLC, and George R. Jarkesy, Jr. was issued (See: https://bit.ly/31FcYKr) after the final order was issued against John Thomas Financial, Inc., and Mr. Belesis was issued (See: https://bit.ly/37iOry6 and shorturl.at/lKM58). The final rulings confirmed that Mr. Patterson, his company AMBER Ready and his companies investors were defrauded by both companies of John Thomas Financial, Mr. Belesis and Mr. Jarkesy, who were also found to have committed fraud in Radiant Oil & Gas, Inc., America West Resources, Inc., Liberty Silver Corp (See: https://bit.ly/2Hb7AHC), and their investors.  Mr. Belesis was staunchly critical of former President Barack Obama for the policies to prevent investment bank from defrauding investors, spoke on FOX News on many occasions to attack the former President while in office.  

FOX News Videos Of Mr. Belesis Against President Obama:

• Against President Obama In 2011 - https://bit.ly/3jbXweA

• Against President Obama In 2012 - https://bit.ly/3m0u254

• Against President Obama In 2012 - https://bit.ly/2HmrP5f

George R. Jarkesy

On September 14, 2009, Anastaios “Tommy” Belesis and George R. Jarkesy, Jr. orchestrated the firing of Mr. Patterson, who was the CEO, Founder, and creator of AMBER Ready’s missing child recovery mobile software application called AMBER Ready (See: https://bit.ly/3483AAp). Mr. Patterson refused to participate in a scheme to defraud his investors with Mr. Belesis and Mr. Jarkesy, and threatened to contact the authorities.  To implement the scheme that is outlined in the convictions against Mr. Belesis and Mr. Jarkesy, Mr. Patterson needed to be removed as the company's CEO.  Under the direction of Frank Del Vecchio (See: https://bit.ly/37qH9IK), Mr. Belesis and Mr. Jarkesy the company created a fake e-mail that included the mistyped e-mail address of Mr. Patterson to justify his termination by the company’s board of directors (See: https://bit.ly/2HeEvuO). After terminating Mr. Patterson, the company froze Mr. Patterson’s accounts, and drained the company of the balance of the over $18 million the company raised. John Thomas Financial, Inc., and John Thomas Capital Management Group, LLC under the direction of Mr. Belesis and Mr. Jarkesy issued themselves enough shares to manipulated the company’s stock and defraud the company’s investors. After Patterson’s termination, in December of 2009, the company also filed a registration statement with the Securities and Exchange Commission (SEC) to allow its stock to publicly trade with the manipulated shares (See: https://bit.ly/3kd06Cp), but after being alerted by a whistleblower, the stock was blocked from trading by the SEC, and a series of federal investigations pursued. 

Kai D. Patterson

In an attempt to silence Mr. Patterson, Mr. Del Vecchio used his connections as the Fairview Police Chief to spearheaded a series of criminal prosecutions against Mr. Patterson that were eventually dismissed, but that left Mr. Patterson in financial ruin.   While attempting to form a new company, Mr. Patterson was forced to overcome a series of financial problem, and eviction proceedings while fighting the criminal proceedings that could have caused him to spend 42 years in prisons. Having frozen Mr. Patterson's accounts, Mr. Del Vecchio hoped that Mr. Patterson would be jailed until his trials, but Mr. Patterson was released on his own recognizance until the judges in each of the cases dismissed the charges, which took over five years.  A letter that was provided from the New York City Housing Authority (NYCHA) confirmed that Mr. Belesis had intended to have Mr. Patterson fired months before the documents fake e-mail with the mistyped e-mail address emerged.  The letter also confirmed that after Mr. Patterson's termination, Mr. Del Vecchio attempted to defraud the housing authority by requesting a $1.5 million check be issued for payment of an application that no longer existed after, Mr. Patterson's termination. 

NYCHA Letter: http://shorturl.at/inoqL, Full Story: https://bit.ly/3dYe6xH

Benjamin Kelsen, Esq.

Mr. Patterson says that his attorney, Benjamin Kelsen, Esq., was instrumental in getting the charges dismissed, and took the cases without being paid because he believed that he was innocent. “I went from being a successful entrepreneur who was running a the company that I created with millions of dollars in the bank to a being broke overnight, my accounts were frozen, and I was being called a dead beat because I could not pay my bills. I needed to borrow money from family members, the production company that is going to produce my series and friends just to survive. Thank God they mistyped my e-mail address in the fake e-mail and falsified affidavit that were created to falsely indictment.  Had that not happened, I don't think that anyone would have believed me over a police chief, and two successful investment bankers.  Although what I went through will make a great movie, it makes a horrible life. Many people didn't believe me initially, but with the dismissals of the charges against me, and the convictions against them, I feel vindicated.  Now I can start working on developing my new company's television series that I had to previously put on hold that will also help children.  The series also will enable me to compensate those who care and cared enough to help me during my time of need,” said Mr. Patterson in a recent interview. In March of 2020, Mr. Patterson executed a new television distribution deal for a television series called Project Child Support that he will be producing. The deal that was originally executed to pay Mr. Patterson and his company $65.5 million (See: https://bit.ly/3lUcc3E) is now worth $146.6 million before ratings increases and the series is distributed in Africa, which will be negotiated the first quarter of 2021.  His new company has received a $20 million loan commitment that will provide the initial funding to produce his new series to help children (See: shorturl.at/tBJMU).  He ways that it will take a few weeks to complete the requirements to implement daily COVID-19 testing for his entire staff, clients and production crews.

Dismissals: https://bit.ly/3lZp1tr, https://bit.ly/3688cF9, https://bit.ly/2Q8f4x0

Frank Del Vecchio

In addition to being barred as a broker and required to shut down his investment bank, Thomas Belesis was ordered to pay $1,000,000 in fines. The Order issued on September 4, 2020 bars Mr. Jarkesy from the securities industry and requires he pay a combined total of $1,246,355, broken out as follows: (1) JCTM and Jarkesy to pay a penalty of $300,000 jointly and severally, and (2) JTCM and Jarkesy to disgorge $648,935.38 plus prejudgment interest of $297,419.81.  The disbarments of Mr. Belesis and Mr. Jarkesy will protect other investors and companies from being victimized by them (Disbarments: https://bit.ly/31qzBSB). Meanwhile, after to confessing to fraud in a deposition (See: https://bit.ly/3lXQprS), Mr. Del Vecchio retired as the Police Chief of Fairview that enables him to collect a pension (See: https://bit.ly/2FKH8UK), but is now the Communications Director of the Bergen County Police Department, where it was previously reported by former AMBER Ready employees that he has filed for bankruptcy to avoid losing his home in Ridgewood, New Jersey  and assets from the lawsuits by AMBER Ready’s investors and former employees.

Now that final orders have been issued by the U. S. Federal Government in 2017 against Mr. Belesis and John Thomas Financial, as well as recently against Mr. Jarkesy and John Thomas Management Group, AMBER Ready’s investors can take the necessary steps to recover their losses without the filing of appeals against the final orders to challenge their claims.  With the fraud convictions against Mr. Belesis, Mr. Jarkesy, and their companies, former President Obama gets the last laugh, because his policies rooted out the man who berated him and those policies to protect investors against people like Mr. Belesis and Mr. Jarkesy.  Coincidently, Mr. Patterson supported and attended President Obama's inauguration in 2009, and fate would have it that President Obama's policy would lead to the convictions against Mr. Belesis and Mr. Jarkesy that vindicated Mr. Patterson year later after the Obama Presidency.  

 Author: A Former AMBER Ready Employee