charges finally laid in 100 million ponzi advisor's edgesep , 09· along with promises of tax advantages, the promised high rate of return was used to entice investors into placing their money by investing in offshore shell companies such as asset trax inc., quatro communications corp., rapid express corporation, strategic metals corp., and merendon mining (nevada) inc.sec complaint merendon mining (nevada) incpooled investors funds and loaned the funds to defendant merendon mining corp. ltd. (merendon intl) to purchase g concentrate to process in its refinery in honduras. defendants falsely represented that investors funds were secured by merendon intls aboveground g or cash deposits.second man arrested in alleged ponzi scheme ctv newssep 30, 09· when police first laid the charges against the two men, gary sorenson was listed as ceo on merendon's mining corporation's website. according to the site, the companyi00884 in the matter of the securities actoct 23, 2· 3.2 merendon is a junior g mining exploration company, with operations in honduras. merendons proposed business plan was threef to explore for g, to purchase g from prospectors for refining and to set up and operate a g refining production plant in honduras. 3.3 at all material times, the respondent, gary sorenson (sorenson) was a director and the chief executive officer of merendon.alberta man charged in ponzi scheme ctv newssep , 09· sorenson is listed as the ceo of merendon mining corp. on the company's website. the website says merendon is no longer based in canada as it has headquarters in honduras and operates out of belize.merendon mining gary allen sorensonlarry lee adairsorenson, who controlled merendon mining corp. ltd., claimed to be a successful businessman receiving loans from sgd through armslength transactions. sorenson hosted tours by potential investors at his honduran refinery and demonstrated the pouring of g bars while making falsesouthern district of florida miami divisionmerendon mining corporation, ltd., belize, merendon de honduras, s.a. de c.v., merendon de venezuela c.a., merendon de peru s.a., merendon de ecuador s.a. hark burkhalter yon, pl 3301 nw boca raton boulevard, suite 0 boca raton, fl 33431 martin m. werner, esq. defendant pro se 102 ne 2nd street, unit 6 boca raton, fl 33432
green global corporationgreen global corporation has established precious metal mining operations in central america (honduras and nicaragua), and timber business operations in south america (guyana) and is currently exploring business opportunities in africa. learn about. the three founding principals and sharehers are all us citizens residing in the united states.merendon power plant s.a., km. 2.5 carretera a la jutosamerendon power plant s.a. km. 2.5 carretera a la jutosa choloma cortes honduras, 101 hondurasordered in the southern district of florida on february 26sorenson (thelma), merendon mining corporation, ltd., a belizean company formerly a canadian company (merendon canada/ belize), merendon de honduras s.a. de c.v., a honduran company (merendon honduras), merendon de venezuela c.a., a venezuelancalgary man accused of fraud was 'convincing' says couplesep , 09· rcmp allege that the pair set up syndicated g depository s.a., which was supposed to lend money to merendon mining corporation ltd., withsec charges six people in 300 million gbased ponzi schemethe sec just posted a bulletin to its website detailing how its charged four canadian men and two florida residents with perpetrating a 300 million ponzi scheme involving a g mininga snarky commentary from bill singer about an sec ponzimerendon mining (nevada) inc, ), larry lee adair, milowe allen brost a/k/a milow brost, m.b. gonne or phillip k. collins, ward k. capstick, bradley dean regier, gary allen sorenson a/k/a don grey fox, martin m. werner, syndicated g depository inc, now known as bahamas resources alliance ltd., merendon mining corp. ltd.,calgary ponzi suspect sorenson returns to city, gets bailsep 30, 09· sorenson is the ceo of merendon mining corp., which is based in honduras. sorenson lived in a palatial mansion in an exclusive development called villa elena near the capital of hondurascanadian mining still controversial in central americamay 04, · canadian mining still controversial in central america the case of honduras. canadian companies account for 50 to 70 percent of the mining in central america, and their presence in the region has been widely reported as highly detrimental because they fail to protect the environment and the indigenous people. 
sec strikes at alleged 300m g mine ponzi scheme law360merendon mining (nevada) inc. et al, case number 0cv00955, in the u.s. district court for the western district of washington. for a reprint of this article, please contact [email protected] ponzi suspect arrested metro usthe two men are alleged to have created syndicated g depository s.a., entering an agreement to loan money to merendon mining corp. ltd. for the promise of a high rate of return.the rosario mining company in san juancito, hondurasfeb , · the rosario mining company in san juancito, honduras. as i mentioned in my previous post, theres this really unique village outside tegucigalpa, honduras where an american mining company once set up shop. it is now a bit of a rundown area up the mountain from san juancito, at the entrance of la tigra national park and has become one of my favorite places to visit.merendon mining (nevada) inc., larry lee adair, milowesorenson, who controlled merendon mining corp. ltd., claimed to be a successful businessman receiving loans from sgd through armslength transactions. sorenson hosted tours by potential investors at his honduran refinery and demonstrated the pouring of g bars while making falseu.s. sues 2 over gmine tax promotion the new york timesfeb 22, 08· merendon mining, which has affiliates and subsidiaries in the united states, canada and honduras, was mentioned in the injunctions but was not named as a defendant, nor were its affiliates.