LAS VEGAS, NV--(Marketwire - June 09, 2010) -
BioTech Medics, Inc. (PINKSHEETS: BMCS
) announced a Las Vegas Federal Grand Jury has criminally indicted 10 persons with 93 felony counts. Keith Houser, Chairman/CEO of BioTech said: "For years I have been making formal complaints on behalf of the legitimate victim shareholders of BioTech Medics regarding illegal stock manipulation, theft and forgery of shares, shorting and massive failures to deliver of stock. Within the past 60 days the U.S. Attorney General and a Federal Grand Jury felt the compelling evidence was sufficient for an 85 page indictment against 10 persons including: Jeffrey G. Turino, formerly of Tampa who has fled the USA to Europe and is using an assumed name to avoid arrest and prosecution; John Edwards (formerly of Las Vegas) who is currently incarcerated in England awaiting extradition to the USA; Urban Casavant (allegedly in Canada); Nickolaj Vissokovsky (from Tampa, now allegedly in Moscow); Melissa Spooner (from Pennsylvania and Las Vegas -- now allegedly with Turino in Europe); Helen Bagley and Jeffrey Mitchell of Las Vegas; Ginger Gutierrez and James Kinney. All are considered innocent until adjudged guilty."
Mr. Houser said: "The Grand Jury vindicated the existing Board of Directors and Officers of BioTech by stating: 'BioTech has assets, revenues and substantial business activities. However, unbeknownst to (Houser), the principals of HaloLaser BioTherapy, LLC and Charles R. Crane MD & Associates, the coconspirators and accomplices... were intent to perpetrate their fraudulent scheme.'"
The indictment continues: "(Jeff) Turino's coconspirators and associates were instrumental in attempting to conceal Turino's involvement. The conspirators exploited (BioTech)... by fraudulently issuing, reissuing and transferring, offering and selling millions of shares of Corbel Holdings and BioTech Medics." (Note: Turino, an adjudged illegal penny stock manipulator, had been under a prior 2003 Court Order restraining Turino's involvement with Penny Stocks.)
The government is seeking individual "in personam criminal forfeiture" aggregates of over $140 Million in disgorgement and restitution to BioTech Medics victims for the crimes committed if the parties are found guilty. The grand jury has valued the aggregate damages to BMCS at approximately $1.30 per share. BMCS is currently trading at $.03. The indictment indicated several more coconspirator indictments are expected!
BioTech has retained the Houston Law firm of Shepherd, Smith, Edwards & Kantas, LLP. "The purpose of retaining the law firm is to litigate, arbitrate, mediate and/or negotiate recovery of claims for damages to BioTech arising out of illegal stock manipulation, fraud, interstate transportation of forged or stolen stock and other torts," said Keith Houser, CEO of BioTech. BioTech commenced a civil lawsuit against Wells Fargo Bank and others in January, 2010.
BioTech Medics owns and/or has affiliated BioTech Laser Pain Management Centers in 3 states.
BioTech also manufactures SHBAN™ Alcohol Free Hand Sanitizer and BioBody Nutriceutical Products.
This release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act").