Day: September 23, 2011

SEC Charges Quant Manager with Fraud – AXA Rosenberg

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September 22, 2011
U.S. Securities and Exchange Commission – (National)

The U.S. Securities and Exchange Commission (SEC)September 22 charged the co-founder of institutional money manager AXA Rosenberg with securities fraud for concealing a significant error in the computer code of thequantitative investment model he developed and provided to the firm’s entities for use in managing client assets. According to the SEC’s order instituting administrative proceedings, the money manager learned of the error in June 2009, but directed othersto keep quiet about it and not fix it immediately. He denied the existence of anysignificant errors during an October 2009 board meeting discussion about performance. AXA disclosed the error to SEC examination staff in March 2010 after being informed of an impending SEC examination. The error was not disclosed to clients until April2010, causing them $217 million in losses. The money manager has agreed to settle the SEC’s charges by paying a $2.5 million penalty, and consenting to a lifetime securities industry bar. The SEC previously charged AXA and its affiliated investment advisers, and they agreed to pay $217 million to harmed clients plus a $25 million penalty.

According to the SEC’s order, the manager created the model, oversaw research projects to improve and enhance it, and exercised significant authority. The material error in the computer code disabled a key component for managing risk, and affected the model’s ability to perform. The SEC’s order found that due to the man’s misconduct, AXA and its affiliated investment advisers misrepresented to clients that the model’s underperformance was attributable to factors other than the error, and inaccurately stated the model was controlling risk correctly. His instructions to delayfixing the error caused additional client losses. In its order, the SEC found the man willfully violated anti-fraud provisions of the Investment Advisers Act of 1940, Sections 206(1) and 206(2).

Source: http://www.sec.gov/news/press/2011/2011-189.htm

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WhoIs Colocation America – colocationamerica.com

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The WhoIs registar does not provide the PUBLIC with the name of the owner. The physical address listed is a mail drop in Las Vegas, NV. The trademark application filed November 26, 2007 list Albert Ahdoot as CEO

Colocation America is own and operated by Albert Ahdoot who at one time operated Net Global Marketing  a firm accused of running a SPAM operation by Earthlink. According to his Attorney Paul S. Sigelman of Sigelman Law or Paul Sigelman Law Firm, Albert Ahdoot is not the owner filed with Godaddy, the domain registar. He has since admitted that Albert Ahdoot is the Owner.

Our hosting experienced with this firm/individual was nothing more than a complete disaster. Two bogus lawsuits were filed to SILENT ScamFraudAlert from sharing their hosting experienced with the GENERAL PUBLIC.

From what we have learned, Albert Ahdoot also goes by Albert A. Ahdoot is the Founder/CEO/OWNER of Colocation America Corporation. A registered Nevada Corporation with it’s primary place of business  downtown Los Angeles, CA data centers.

Mr. Ahdoot is a RESELLER of Colocation services as he rents and lease rack space from Digital Realty Trust, Multacom.com, UnitedLayer, Above.com, Cogent Communication, Level 3 Communications and other ISP providers across continental USA and resells colocation spaces.

Legal Threats  – Letters

Mr. Ahdoot and his Attorney actively seek to have remove any negative comments posted   about Mr. Albert Ahdoot business practices and his company Colocation America Corporation online from ever appearing either through the legal process – The Courts or by other means such as spamming and issuing bogus daily press releases.
What we’ve observed so far is Albert A. Ahdoot dba Colocation America Corporation dba Colocation America, Inc. dba ColocationUSA, dba Los Colocation America dba Colocation America, Colocation America Facebook, ColocationUSA Twitter, datacenterandcolocation, colocationAmerica – la.bbb.org  is spamming  search engines such as google so as to limit negative comments posted online about Colocation America and Mr. Ahdoot from appearing on page one of searches.

Address lookup
canonical name  Colocationamerica.com
aliases
addresses 67.203.25.149
Domain Whois record

Queried whois.internic.net with “dom colocationamerica.com”…

Domain Name: COLOCATIONAMERICA.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Name Server: NS1.26DNS.COM
Name Server: NS2.26DNS.COM
Status: clientDeleteProhibited
Status: clientRenewProhibited
Status: clientTransferProhibited
Status: clientUpdateProhibited
Updated Date: 12-jul-2010
Creation Date: 29-mar-2005
Expiration Date: 10-oct-2012

Last update of whois database: Sat, 24 Sep 2011 01:29:54 UTC
Queried whois.godaddy.com with “colocationamerica.com”…

Registrant:
Colocation
9360 W. Flamingo Rd.
Suite 110-178
Las Vegas, Nevada 89147
United States

Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: COLOCATIONAMERICA.COM
Created on: 29-Mar-05  <======
Expires on: 10-Oct-12
Last Updated on: 12-Jul-10

Administrative Contact:
America, Colocation Support@ColocationAmerica.com
Colocation
9360 W. Flamingo Rd.
Suite 110-178
Las Vegas, Nevada 89147
United States
+1(800)296-8915 Fax —

Technical Contact:
America, Colocation Support@ColocationAmerica.com
Colocation
9360 W. Flamingo Rd.
Suite 110-178
Las Vegas, Nevada 89147
United States
+1.800-296-8915 Fax —

Domain servers in listed order:
NS1.26DNS.COM
NS2.26DNS.COM
Network Whois record

Queried whois.arin.net with “n ! NET-67-203-25-144-1″…

NetRange: 67.203.25.144 – 67.203.25.159
CIDR: 67.203.25.144/28
OriginAS: AS21769
NetName: RECREATIVE
NetHandle: NET-67-203-25-144-1
Parent: NET-67-203-0-0-1
NetType: Reassigned
RegDate: 2009-01-12
Updated: 2009-01-12
Ref: http://whois.arin.net/rest/net/NET-67-203-25-144-1

CustName: Recreative Co.
Address: 5441 North East River Road
Address: Suite # 1002
City: Chicago
StateProv: IL
PostalCode: 60656
Country: US
RegDate: 2009-01-12
Updated: 2011-03-19
Ref: http://whois.arin.net/rest/customer/C02130283

OrgAbuseHandle: ABUSE1755-ARIN
OrgAbuseName: Abuse Department
OrgAbusePhone: +1-800-296-8915
OrgAbuseEmail: abuse@colocationamerica.com
OrgAbuseRef: http://whois.arin.net/rest/poc/ABUSE1755-ARIN

OrgTechHandle: NOC1792-ARIN
OrgTechName: Network Operations Center
OrgTechPhone: +1-800-296-8915
OrgTechEmail: noc@colocationamerica.com
OrgTechRef: http://whois.arin.net/rest/poc/NOC1792-ARIN

OrgNOCHandle: NOC1792-ARIN
OrgNOCName: Network Operations Center
OrgNOCPhone: +1-800-296-8915
OrgNOCEmail: noc@colocationamerica.com
OrgNOCRef: http://whois.arin.net/rest/poc/NOC1792-ARIN

RAbuseHandle: NOC1792-ARIN
RAbuseName: Network Operations Center
RAbusePhone: +1-800-296-8915
RAbuseEmail: noc@colocationamerica.com
RAbuseRef: http://whois.arin.net/rest/poc/NOC1792-ARIN

RTechHandle: NOC1792-ARIN
RTechName: Network Operations Center
RTechPhone: +1-800-296-8915
RTechEmail: noc@colocationamerica.com
RTechRef: http://whois.arin.net/rest/poc/NOC1792-ARIN

RNOCHandle: NOC1792-ARIN
RNOCName: Network Operations Center
RNOCPhone: +1-800-296-8915
RNOCEmail: noc@colocationamerica.com
RNOCRef: http://whois.arin.net/rest/poc/NOC1792-ARIN
DNS records

name class type data time to live
colocationamerica.com IN MX
preference: 10
exchange: mail.colocationamerica.com
600s (00:10:00)
colocationamerica.com IN TXT v=spf1 ip4:208.70.253.18 208.70.252.22 67.203.25.146 67.203.25.148 67.203.25.149 a mx ip4:208.70.248.18 ~all 600s (00:10:00)
colocationamerica.com IN A 67.203.25.149 600s (00:10:00)
colocationamerica.com IN SOA
server: ns1.26dns.com
email: corp.multacom.com
serial: 2011050706
refresh: 7200
retry: 3600
expire: 1209600
minimum ttl: 600
600s (00:10:00)
colocationamerica.com IN NS ns2.26dns.com 86400s (1.00:00:00)
colocationamerica.com IN NS ns1.26dns.com 86400s (1.00:00:00)
149.25.203.67.in-addr.arpa IN PTR hosted.by.colocationamerica.com 3600s (01:00:00)
— end —

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The Mediation Group – www.mediation-group.com

2 Comments

It has come to our attention that The Mediation Group address below  request upfront fee for loan modifications. This practice is illegal according to California Law.

18375 Ventura Blvd. Suite 627
Tarzana, CA 91356

We were contacted by The Mediation Group for a loan modification. They are asking for $2,000 fee. I read on the BBB website that it is illegal to charge a fee for this. Does anyone know if this is a legitimate company?

Thanks

Souce: BBB Trustlink

California Law Senate Bill 94

On October 11, 2009, Senate Bill 94 was signed into law in California, and it became effective that day. It prohibited any person, including real estate licensees and attorneys, from charging, claiming, demanding, collecting or receiving an upfront fee from a homeowner borrower in connection with a promise to modify the borrower’s residential loan or some other form of mortgage loan forbearance. Senate Bill 94’s prohibitions seem to have significantly impacted the rampant fraud that was occurring and escalating with respect to the payment of upfront fees for loan modification work.

Read More…..