Author Topic: Scam Alert Sungames  (Read 276761 times)

Offline aradisc

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jan 2014
  • Posts: 262
  • Total likes: 3
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Scam Alert Sungames
« Reply #450 on: August 19, 2014, 10:53:57 PM »
their website is actually the least professional part of the operation. they really shine in creating a complex web of inter-related corporations (some of which are publicly traded) to hide what is really going on. none of the these companies actually creates or delivers anything but they all serve some purpose in making the others look legit. it requires a mastermind to keep track of all that.

You're right that it's quite complex, but they didn't create everything from thin air. It looks like Sungame was an established company about to go bankrupt- in swoops NC & Co to buy them out, and get a new "legitimate" front entity for their scamming. From an SEC filing:

Quote
Effective April 15, 2011 Sungame Corporation entered into a merger agreement with Freevi Corporation, acquiring 100% of the outstanding common stock of Freevi Corporation... The transaction was accounted for as a reverse merger as the shareholders of Freevi Corporation retained the majority of the outstanding common stock of Sungame Corporation after the share exchange... Subsequent to the April 15, 2011 recapitalization Freevi Corporation ceased to exist, with Sungame Corporation as the sole surviving entity.

Offline buyitnow

  • Dansdeals Bronze Elite
  • *
  • Join Date: Jul 2013
  • Posts: 29
  • Total likes: 3
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Scam Alert Sungames
« Reply #451 on: August 26, 2014, 07:48:01 AM »
the entity behind all these shenanigans is not a creative force of any sort.  they simply play corporate games and blindside small-time investors in the financial markets by using their various shell companies for a smoke and mirrors effect. this gaming company is good at one thing: gaming the system. they will be taken down -- it is only a matter of time. 

Offline Menachem613

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2012
  • Posts: 1007
  • Total likes: 44
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Location: NYC
Re: Scam Alert Sungames
« Reply #452 on: August 26, 2014, 05:03:43 PM »
It's down to $5 a share.

Offline Freddie

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Apr 2013
  • Posts: 3098
  • Total likes: 238
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: Pittsburgh
Re: Scam Alert Sungames
« Reply #453 on: August 26, 2014, 06:15:11 PM »
It's down to $5 a share.

The lady on the call said we're close to the end.  ;)

Offline Menachem613

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2012
  • Posts: 1007
  • Total likes: 44
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Location: NYC
Re: Scam Alert Sungames
« Reply #454 on: August 26, 2014, 06:23:46 PM »

The lady on the call said we're close to the end.  ;)

She knew her stuff. He he.

Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3814
  • Total likes: 380
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Scam Alert Sungames
« Reply #455 on: August 26, 2014, 07:16:10 PM »
Meanwhile, this very expensive and professional lawyer is home early for the day for the first time in a very long time. Yay!

Offline Freddie

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Apr 2013
  • Posts: 3098
  • Total likes: 238
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: Pittsburgh
Re: Scam Alert Sungames
« Reply #456 on: August 26, 2014, 07:39:16 PM »
Meanwhile, this very expensive and professional lawyer is home early for the day for the first time in a very long time. Yay!

His kids miss him.

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7164
  • Total likes: 270
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: Scam Alert Sungames
« Reply #457 on: August 26, 2014, 07:58:16 PM »
Meanwhile, this very expensive and professional lawyer is home early for the day for the first time in a very long time. Yay!
This is what they call WL balance. :-\

Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3814
  • Total likes: 380
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Scam Alert Sungames
« Reply #458 on: August 26, 2014, 08:13:49 PM »
This is what they call WL balance. :-\

Yes. 

Offline Ergel

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Jun 2010
  • Posts: 11425
  • Total likes: 77
  • DansDeals.com Hat Tips 2
    • View Profile
Re: Scam Alert Sungames
« Reply #459 on: August 26, 2014, 08:14:09 PM »
Meanwhile, this very expensive and professional lawyer is home early for the day for the first time in a very long time. Yay!
7:15 is early?
Life isn't about checking the boxes. Nobody cares.

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7164
  • Total likes: 270
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: Scam Alert Sungames
« Reply #460 on: August 26, 2014, 08:22:16 PM »
Yes.
Professionals are just fancy slaves.

Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3814
  • Total likes: 380
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Scam Alert Sungames
« Reply #461 on: August 26, 2014, 09:01:32 PM »
7:15 is early?

I usually leave the office at like 7 and then work from home to 11 or 12. Today I left at like 530 and have only looked at a couple of emails since then.  I just didn't post till later.

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7164
  • Total likes: 270
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: Scam Alert Sungames
« Reply #462 on: August 26, 2014, 09:37:37 PM »
I usually leave the office at like 7 and then work from home to 11 or 12. Today I left at like 530 and have only looked at a couple of emails since then.  I just didn't post till later.
what time do they shackle you to your desk in the morning?

Offline henche

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2011
  • Posts: 3814
  • Total likes: 380
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Scam Alert Sungames
« Reply #463 on: August 26, 2014, 10:03:25 PM »
what time do they shackle you to your desk in the morning?

I usually show at about 9. 

Offline knowitall102

  • Non-Elite Member
  • Join Date: Aug 2014
  • Posts: 0
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: boro park
Re: Scam Alert Sungames
« Reply #464 on: August 27, 2014, 11:38:55 AM »
Sorry to see so many people with so much time on their hands.

Just so you know that while you can get a company to put your logo on the tablet, you cant get the company to put the Sungame software IN the tablet. So MosheP for instance, can order Sungames tablets and have his own logo embedded into it, but when you open the tablet you realize that the MosheP logo is a scam because the name Fleightdeck (a Sungame branch) appears - revealing the original company.

Sungame is the only licensed carrier for this 3D tablet. You can not get your name in the software to be replaced.

MosheP, perhaps you have saved some people from putting money into the program, but you definitely caused 5 Million dollars of yiddishe money to be held back for the past two months. The posting of the the illegitimate receipt (which the company has long replaced with legitimate ones) is the cause of the current suffering of a few hundred families. May Hashem have mercy on your soul.

That receipt caused a hold on payments until every single person signed new ones which caused a ripple effects of more delays and frustration. It caused the auditor to ask that the last three Q's be redone. This has caused a delay in filing the current Q giving the company an E rating which caused the stock to go down to $5. MosheP, your well meaning mission was a failure. Like Elkana's wife penina, who pained chana so that chana would merit a child. Chana did eventually merit it, but the suffering Penina caused her co-wife did not go unpunished.

Shame on you and woe is to your soul MosheP.

May we all be inscribed for a kesiva vachasima tova (Even you MosheP)