a rather shady looking organization - to put it mildly. Used to run nuclear security systems and now is a gambling enterprise (WTF?)
http://www.in.gov/legislative/igareports/agency/reports/IGC01.pdfsnip
Kenilworth states that it has an “invitation” from the Mayor of Tinian,
Northern Marianas Island, to broadcast from Tinian to the Asian market
from new casinos to be built over the next two years.
snip
Herbert Lindo:
1. Federal Felony Convictions: The Commission staff became aware, through a review of Kenilworth’s SEC filings,19that Kenilworth’s seventy-nine-year-old president, Mr. Herbert Lindo was convicted of violating federal securities law in 1993. The company’s SEC filings
indicate that Lindo “was convicted in 1993 on three (3) counts of having permitted three
(3) banks located in the Upper Peninsula of Michigan to sell unregistered, legended,
restricted Kenilworth shares pursuant to SEC Rule 144 prior to the bank having the then
required two (2) year holding period.” Filings indicate that Mr. Lindo was sentenced to
one thousand hours of community service, fifteen months of house arrest and fined six
hundred thousand dollars.
snip
2. CashTek Corporation
According to an opinion of the Tax Appeals Tribunal of the State of New York,26CashTek Corporation (“CashTek”) was a company created in February 8, 1991 for the purpose of purchasing the assets of Kenilworth at the time it was involved in a chapter 7
bankruptcy. At the time, Kenilworth had been involved in developing a system of cashless wagering. The opinion in the tax tribunal case discusses Mr. Lindo’s involvement with CashTek. The opinion discusses the fact that Mr. Lindo resigned his
positions as president, board chairman and treasurer of CashTek after he was convicted in 21United States v. Herbert Lindo, 52 F.3d 106 (6thCir. 1995). 22Id. at 107. 23Id. 24Id. 25Id. 26In the Matter of the Petition of Mitchell G. Menik, 1999 N.Y. Tax App. Trib. Nos. 815718-9, available at www.nysdta.org/Decisions/815718.dec.htm, aff’d, Menik v. Roth, 720 N.Y.S.2d 265 (App. Div. 2001). 13federal court. Mr. Lindo’s son Jeffrey Lindo then became the president and treasurer of the company. In September of 1993 new directors had the company audited; the audit revealed “financial improprieties and shortcomings” in the finances of CashTek. The
auditors reported findings to the board in December of 1993. After investigating the problems, the board fired Jeffrey Lindo and “had him physically removed from the offices on January 4, 1994.”27In January of 1994, the CashTek board sued the Lindos in the Supreme Court of Nassau County seeking reimbursement of over $3 million dollars. The opinion goes on to state that the Lindos filed counterclaims against CashTek alleging that a press release describing the Board’s lawsuit was “issued with malice and ill will
and damaged the business reputation of the Lindos.”28The Commission staff has been unable to obtain additional information about the outcome of this lawsuit and the allegations made against the Lindos. However, this is certainly a matter that would
warrant further investigation should it become necessary to subject Kenilworth to a complete background check in the future.
and yet..despite this, and more - Kenilworth won their right to launch Roulabette...