Investor Fraud & Waste - from local level to CapHill
"Boehner, Summers, Cantor, Inc." bailed these investor frauds and creeps out in 2008 with stupid pride!!!
See Venrock-Drawdy Law Petition - available since 2000, so tea party is a day late and several billion dollars short!
ATTN Hatriots: President Barack Obama did not bail out banks in 2008. President Obama was not elected until 2009, and was not involved in the backdoor deal banking bailout fully supported by John Boehner, Eric Cantor and Mitch McConnell a/k/a The Boys of Summers. This rinse-repeat fraud process described below ran from 1998-2008, since new-GOP took over house with no direction for OUR country.
Imagine how you'd feel: you have been working legally, paying taxes since you were a teenager; you pay your bills and build up a flawless credit report and excellent credit rating (which doesn't happen overnight); you invest and spend wisely; and you don't have ANYONE but you to pay your expenses, as in no free rides. Then, along comes a fraud, with help from multi-billion dollar investors, who starts a financial downfall, and THEN the fraud is rewarded with more millions in the end, leaving you with nothing but "WTF??!!"'s. EVERY law that should have protected me was manipulated by the Ponzi schemer with 100% backing from Venrock.com to protect their fraud and deception ONLY.
$460,000.00++ lost, with $100,000.00 lost in first year alone and nearly DIED. But buy their products so that a convicted securities fraud can live comfortably for his fraud and deception! And the products involve protecting YOUR secure and financial data!!!
Irony: Rockefeller family establishes strict drug laws and sentences, is built up as the family to "image" after, THEN turns around and funds a Ponzi schemer, drug trafficker, money launderer, employment fraud and identity theft, while having a Rockefeller child/heir addicted to heroin!
Thugs, Drug Traffickers, Money Launderers, Ponzi Schemers, Adulterers, Frauds, Creeps, Degenerates, and Nightmares: SteelEye Technology a.k.a. Lifekeeper.com (try LifeDestroyer.com! it's more honest!!!) (Channler Drawdy, Bob Williamson, Rindy Abdelnour, et. al.), Venrock - a Rockefeller family corporation which includes Laurance Rockefeller (note Dick Cheney in bio info), John D. Rockefeller, Nelson Rockefeller, David Rockefeller, Winthrop Rockefeller, and even Sen. (John) Jay Rockefeller IV, and Rockefeller & Co. - all living proof that you CANNOT/SHOULD NOT respect/worship a name alone because you can have all the money in the world, but without integrity, you are still just unrespectable crap - (Tony Sun, Ray Rothrock, Eric Sean Copeland, Matthew Trevithick, Brian Ascher, Susan Gardner, Cathy Brewer, Kathleen Byrnes, Shelley Clapper, et. al.), David Hook - Norma Schwarz - Scott Bashrum of BayMark Partners, Bill Earthman/Massey Burch
This ISN'T just some silly fabricated rant. Venrock, a multi-billion dollar Rockefeller family corporation, can't do anything about what I've said below except resolve with me directly! They are caught between a rock and a hard place, and cannot lie their way out of this one, because to lie would further compound their Channler Drawdy socialization and his subsequent payoff after $22 million disappeared in ONLY a few months. The Rockefeller family, including the infamous Rockefeller Foundation which supposedly betters lives, IS aware of this situation, and of course, the usual response: no comment or can't get involved. Meanwhile dumbasses flock to their name as if they're the shit, but this proves "just shit" and folks ONLY want their money and apparently you have to kiss shit to get it. When Dick Cheney is lauding your efforts, start asking yourself, "when did you walk away from God and become shit?"
And urban folks with ideas and inventions are so ignorant about business info and why they're intentionally ignored for FREE investment dollars, you mention the Rockefeller name, first response is always, "Jay Z's company?" O. M. G.
Amazing how a company which specializes in disaster recovery can't even clean up its own self-created disasters! SteelEye, nor Venrock/Rockefeller, David Hook, Scott Bashrum, or Bill Earthman, cannot deny any of the following statements which have been well documented within and outside of their organization and since 2000.
In January 2000, I accepted a position with SteelEye Technology, a Venrock (Laurance & John D. Rockefeller family corporation), Massey Burch and Dali-Hook Partners/BayMark Partners invested corporation. Other investors/partners include CrossBridge Partners, Microsoft, Oracle, SAP Ventues, Hewlett-Packard, Hitachi, Intel64, RedHat, MySQL, and Novell/SuSE, however, these additional investors/companies are named by SteelEye/LifeKeeper, and given their management engages in deceptive practices on a regular basis, have to take this with a grain of salt until it can be verified. The company was to be run by solid people with integrity: Sue Ellery, Tom Hunter and Jim Mason, with me being the consumer watchdog for the software process as QA Manager and establishing a company-wide software release process. Channler Drawdy, the fraud, "tailgated" into the picture after the deal had begun. A mistake several regretted, because those who didn't want to stand by and watch a daily sham opted out or were booted out by Drawdy going for the cash daily.
Venrock, their primary investor, under the direction of Eric Copeland, who still takes credit for this investment which doesn't meet their basic investment requirements, gave $22 million to SteelEye Technology/LifeKeeper, which was at the complete disposal and discretion of Channler Drawdy, a soon to be convicted securities fraud. Perhaps the Drawdy/Venrock matchup wasn't a random thing. Perhaps shady birds always flock together: John P. Kennedy vs. Venrock (PDF). Drawdy even used money provided by Venrock/Rockefeller family to pay for his fines and penalties.
I qualified for funding 100 times more than Drawdy: flawless credit rating for 17+ years, experience with startups who changed the world we live in (PSI, Global Village, Netcom, 3Com/Palm Computing (1.0, 2.0, 3.0 & international products) plus worked at Apple Computer for first development and release of OpenTransport PPP product, and later web ideas/lectures that have led to better e-mail security). I learned DIRECTLY from top industry engineers who have revolutionized the world we live in - browsers, e-Commerce, Apple, Cisco technologies, TiVo, wireless and more. Having folks like this at your fingertips is like having an encyclopedia of all things brilliant in your pocket. Their attitude is always try it, do it and do it right, not sloppy and NOT with thieves and crooks or their name will not be associated! And these are the folks who have given me continual support through this nightmare.
Without EVER doing due diligence on Drawdy, it was quickly discovered (AFTER providing $22 million) that Drawdy had a very poor credit report and IRS liens against him from previously defrauding others - fresh from a Ponzi scheme. Venrock even "hob-knobbed" with Drawdy daily via phone and in person as if he was the most brilliant man in the world. Everything Drawdy stated, Rothrock, Copeland and others at Venrock/Rockefeller just nodded away to as if "brilliant", NEVER checking Drawdy's statements, which was beyond stupid given millions were involved, and your reputation was on the line. Drawdy couldn't even get an apartment in his name. One of the other founders had to help him out. (Drawdy made up a lie to get their assistance.) The most common statement about Drawdy was he looked and acted like a guy you could trust. Yeah, that's why they're called "hustlers".
Within seven months, SteelEye/LifeKeeper was broke because Drawdy spent money like water! Shouldn't we all get $22 million to play around with?
Yoooo... Venrock/Rockefeller...I need $1 million dollars to start my life over after doing right even by the crook your organization handed $22 million to. I lost ALL that I worked for to thieves and I'll be damned if I'm gonna put in another 20-years of sweat and nonsense while con artists are paid off. Let's put your humanity factor to a test. Or are you only concerned about paying off thieves???
Meanwhile, here I come with a 17-year history of flawless credit, including the top echelon of creditors that would spit in Drawdy's face if he applied for credit with any of them. I accepted the job for 3 reasons: Jim Mason (worked with before), because it was an opportunity to get out of "pricy-homes and always driving 45 minutes to get 5 miles" California, and the third and most important reason: should anything go wrong, the company would pay me to move back to California or wherever I needed to move to (AGREED VERBALLY AND IN WRITING).
I was informed that 11 of the original employees were sold with the product LifeKeeper to SteelEye, as in "leave NCR and work for SteelEye because you no longer work here". Several were so problematic including managers with a history of unethical behavior for more than 10 years, but were at SteelEye's disposal. Because of Drawdy, the founders and those with integrity who didn't cheat employees and companies (Sue Ellery, Tom Hunter, Jim Mason and myself) became prey for these same NCR problem managers later while draining Venrock's $22 million, and they're still committing fraud and deception daily while begging for more money from unsuspecting folks.
Ironically, Bob Williamson was the biggest seller of SteelEye and working for the company. However, the welcome dinner included a lengthy conversation about his gay partner, Jim Sears, a Harvard professor, who published a book called "Growing Up Gay In The South" with an image of the confederate flag on it to attract more white consumers. He even had to take me to a book store to show me a copy.
I'd later learn that Williamson wasn't just gay, but hated and loathed women and had a history of terrorizing them in the office at NCR. He was known as the biggest viper you never see coming because he's able to weasel his small self out of situations HE SOLEY CREATES as they're hitting the fan. Williamson was at the top of the list to be sold.
Originally, after meeting some of the folks in Columbia and realizing that I was close to other areas (Atlanta, Charlotte, D.C., and Florida) so I wouldn't be bored to death in the deep south, I decided to take a chance. And figured with reputable backing from Venrock, it wasn't a shaky deal. I assumed Venrock had done its homework. Boy was I wrong. Venrock/Rockefeller didn't so anything except shell out money for Drawdy's whims! Yet, the company was Sue Ellery's dream and vision. Just before Venrock's screwup, my best friend that I'd known since the age of 7 also wanted me to move to Seattle. I hated the weather there. Knowing what I know now, I'd rather have sat in the rain daily with him than lose it all over shady folks like Drawdy, Rothrock, Copeland and others directly associated with these degenerates.
A few months after moving, Drawdy, a married man, got involved in a hot and heated love situation with Maria Scott, one of the 15 $100K++ salaried managers Drawdy insisted upon hiring for a 30 team staff. They were literally in shock that they were broke after hiring 15 managers making over $100K for 30 people. Drawdy lied and stated the investors wanted him to spend on hiring, but told the investors a different story (who stupidly just nodded away).
Ok, so I'm no Venrock executive, but I thought the idea with a startup company was to get your first friggin' product together for a solid consumer release based upon the original business plan, and then build your team around the product's needs ONCE the product has been reviewed, tested and understood by sales and marketing and consumer needs. The response from the NCR newbies to venture capitalism and startup companies was: we don't have time for that (but they sure had time to waste $22 million and play games with people's lives). Or my favorite response, "This isn't California/Silicon Valley"!
Companies AND people in Silicon Valley, including their source of funding, were considered lower than them, a waste of their time (even stated openly in staff meetings), and ineffective and disruptive to what they wanted to accomplish. Which was WHAT?! Hmm... so Palm, Apple, IBM and others being targeted as customers or partners in Silicon Valley should leave their money and nothing else? Because the NCR newbies settled into SteelEye as if SteelEye was an established company with customers-a-flowing and ample time for office politics. Now, tell me again why the south lost the Civil War?!
Now, Drawdy who was no stranger to startups, but was a pro at stealing and deception, changed the original business plan daily by playing one against the other like a crackhead's military offense. He often called many of the managers, including myself, drunk and high out of his mind to divulge who he was planning on going after next. Bob Williamson, or Little Bobby as Drawdy referred to him and who ironically replaced Drawdy, was the primary source of his paranoia.
Yet, Drawdy should have been fearing James Bottomley who was investigating Drawdy daily! Drawdy back-stabbed Tom Hunter, Sue Ellery, Jim Mason and myself (because Julia Cervenka didn't want a consumer product software process for a consumer product (go figure!), and since he was having an affair with Maria Scott, and Maria and Julia were "buddies", whatever Maria decided was best, including hiring some of the most overpaid, outrageous, serve absolutely no purpose other than drain money persons Scott and Rindy Abdelnour recommended including by lying to ensure a friend was hired. Drawdy, a paranoid schizophrenic who had access to employees personal data, which he used for his financial gain, also wanted to finally be president of a company to show his con artist buddies, "see I made it". Shortly after being given access to personal data, a mysterious computer was ordered online in my name, with the feds being alerted of the address it was to be shipped to.
There was also the issue of being in an "we haven't surrendered yet" confederate state and being deemed as having too much power for a black person. I was constantly reminded of this. Forget about the experience of working directly with top leaders in technology who changed the tech world we live in today and working at companies that ARE STILL sustaining and became major contributors to the technology we're using today (Palm, Global Village, Apple, IBM, Cisco, etc.) and WITH the same software and company processes we were trying to put into place. Julia Cervenka just didn't want sales, marketing or quality assurance involved in the software release process. Only she and "her buddies" would decide what would be released and the customer in the end would be the guinea pig! And sales was supposed to stand around and wait for a product they don't know about, but at the same time attempt to sell it. And they were getting broker and broker by the minute. Now all of this was going on under Venrock's $22 million with Drawdy in charge and Venrock, David Hook and Massey Burch just nodding away and socializing with Drawdy in every way possible. Hmmmmm...
After the company fell completely apart under the destruction of Drawdy, the natural thing to do was file for unemployment to keep income coming in as I had creditors to worry about. However, Drawdy, who was on suspension himself, contests the claim, claiming I just quit without reason. Kevin Berry, SteelEye's CFO and Human Resources person who has secretly departed the company, ignored the situation completely. Drawdy claimed that I simply quit my job without warning. However, I have and STILL have an audio voice mail left by Drawdy which proves otherwise. Not to mention, Drawdy was fired the following day after the hearing, which spoke directly to his credibility. However, the damage to me was already done, as in decision irreversible (thanks!). My life was turned upside down while the con artist, Drawdy, was rewarded with millions for being a slick hustler!
And even more devastating, at the same time Drawdy was destroying Steeleye for HIS financial gain, my best friend that I've known since age 7 who asked me to move to Seattle was murdered by someone shady who had entered his life SOLELY for financial gain. If I could be given one do-over in life, I would surely go back to the end of 1999 and choose a friend and love over a career which is never a guarantee.
Even more sickening is I keep receiving a bill from the year 2000 as a result of Drawdy's fraud and deceit. SteelEye keeps referring the matter to their fake HR person, Rindy Abdelnour, but since October, 2000, she claims she can't discuss anything because there is a lawsuit involved (what she openly stated in writing to all employees to cover up what was done to founders and with Drawdy, but just threw my name in the mix for convenience). However, Rindy, Miss Maurice's BBQ's favorite spokesperson, has yet to produce a copy of the lawsuit. (Maurice's is owned by a former Ku Klux Klansman and known South Carolina separatist. When the confederate flag flying over the state house was removed under protests, Maurice himself ensured that the confederate flag flew proudly over all of his restaurants.)
Rindy was outright dumped by NCR onto SteelEye because she was more problematic than worth it. She served absolutely no purpose for SteelEye because she not only didn't know the product, but couldn't relate to individuals. She represented every definition of the word "exclusive", and ironically in a real corporate environment would be a lawsuit waiting to happen because of her open separatist practices. And Rindy made sure, even by means of lying, that funds from SteelEye went towards her "exclusive" friends and businesses, including Maurice's.
In fact, within a few months of establishing SteelEye, Rindy's "exclusive" hiring practices led to a letter of complaint from NCR, the hand that fed her for years but also sold her because of common sense. Rindy's version of hiring, while boasting that she was the "Human Resources Manager", was to place a confidential NCR employee phone list outside her cubicle wall, then every other week, pick a white employee only from the list and make them an overpriced offer. All of the 15 100K++ managers came from NCR through this hiring method. When busted, Rindy gathers the employees together to "get their stories straight", i.e., "prepare one of her infamous lies", which was priceless because one of the employees stated, "but we did do exactly what the letter of complaint stated". To ensure the final unqualified candidate Rindy recruited by means of deception was placed at SteelEye, Rindy created a phony employment advertisement in the local Columbia, So. Carolina newspaper and then claimed the NCR employee's resume was submitted in response to the newspaper advertisement. Jim Fitzgerald, SteelEye's then CEO, was well aware of this process. He was demoted within the first year of establishing SteelEye.
So after the demolition of SteelEye by Drawdy and his overpriced 15 managers for 30 people, because I had just purchased a home , I had to start using savings to pay for expenses. I looked for work in Atlanta (process too slow and tedious and running out of money). I submitted resumes all over the United States. The first three companies to respond and make an offer were in New York. I also had a product plan I was working on and thought New York would be the best place given the television networks included in product plans.
To add to the nightmare, I moved to New York just before Sept. 11, 2001, and unfortunately had a bird's eye view of the second plane hitting the WTC and everything thereafter. If someone had told me of the events that day, I still wouldn't have believed it. Several months later with the last remaining money I had left, and while paying for both a mortgage and apartment, a car and cost of commuting, I was robbed, as in last of what I had was taken from me. My pending-approval small business loan was no longer an option (I only had to find a credible lender with pre-approved status and support and recommendations from 2 SBA offices plus a U.S. manufacturer ready to go and 3 military veterans as advisory members or company execs). But millions can instantly be given to a convicted securities fraud with no questions asked while I had to follow a legal and slow process for funding.
Devastated, I literally gave up. One by one, I lost every decent amount of credit I had including sources that would have allowed me to survive in case of emergencies. And to make matters worse, the organized crime persons who robbed me tried to intimidate me using all sorts of clever methods, including by claiming I was one of their domestic partners 7 MONTHS AFTER ROBBING ME to literally obstruct justice and commit legal murder, which didn't work, but only made their situation worse. A child was even groomed for that hustle: child removed from school to lie and state there was a fictional relationship. That child is obviously damaged goods as the hustle and crime is now in her system. The idea was to put fear in me AFTER I'd lost everything I'd worked for. Should have tried that before I lost: my home, my car, savings, financial independence, apartment, and eventually health from not eating. But instead they should have been afraid, and should have checked out that I'm crazy and am not the one to try and play games with, ESPECIALLY AFTER you've robbed or conned me. I know I never would have allowed trash like this into my life if I wasn't in the "don't care, waiting to die" stage. You meet dregs of society at rock bottom. You ignore dregs of society when doing well, however, THIS group literally snuck into a funded investor meeting and portrayed self as a startup business while collecting welfare with ties to infamous drug dealers.
And even more sickening is they're black americans who spend day after day commiting crimes, but hate the police and think "the man" is the cause of problems in their own community and the reason they have to commit crimes, and glamorize other criminals like them. Yeah, well try hustling that excuse and nonsense to my mother, my grandfathers, my grandmothers, my uncles and aunts (20+ year law enforcement officers), Dr. Martin Luther King Jr., Colin Powell, Oprah Winfrey, Joe Louis, Medgar Evers, and countless others who didn't have to take the low road when faced with oppressive situations. And praising many members of the New York City Police Department (who have been some of the most respectful, honest and nicest people you could ever meet), New York State Corrections ("saints in disguise" babysitting a notorious degenerate), New York State's Inspector General's Office, Manhattan District Attorney's office, New Jersey FBI, Bergen County Prosecutor's Office and Edgewater Police Department, because I would surely be dead if not for any of them doing their job, even when taken for a wild ride by organized criminals. Seeing this type of animalistic world for the first time confirms these civil servants are NEVER paid enough.
I spent months starving (living off 1 meal a week), sometimes just too devastated to eat. I had to move into a literal ghetto until I could afford a better place. But through it all, I became closer to God, and for first time literally read and understood the first five books of the bible, which I tell you, is so important for so many reasons. I've met both disturbing and good people in the process, but disturbing people are now easier than ever to step away from because you can easily see where their priorities are and what their focus is.
I didn't become grimy and resort to hustling people. But funniest thing is I did get hustled by a woman who called herself a "humble servant of God" who cursed worse than hockey players in the middle of a fight. All I can say is it must have been important for me to see people like this as again, I never thought after all the struggles and valuable lives lost, people were living like wolves with excuses. And for whatever plan God has for me, God certainly has my undivided attention now.
What I regret most was not moving to be with my friend. I truly believe together we could have protected each other from the Channler Drawdy's and street hustlers of the world. Apart, we were vulnerable and assumed people were like us or wouldn't come at you with a twisted plan if you were sincere with them. Someone suggested that since I had never met animals like this before that I needed to learn and recognize con artists like this in the future because I was about to be blessed in a much bigger way and need to be careful about those who enter my life. I don't know about that, but what I do know is that the further up you go, the more it stinks and wreaks of frauds and cheats who truly believe they are above the law.
All in all, I lost approximately $460,000.00 in property and assets. All that I had worked for since the age of 17-years old, 15-years old if you count summer jobs. But I learned who friends were, who'd be there for me no matter what, who'd just stand by and judge, and who the real heroes of this world are.
Oh and Venrock, "has no comment", but had lots of cash to pay to Drawdy to leave the company after it was discovered by NON-INVESTORS that a fraud was hired, the same excessive amount of cash and options used to pay Drawdy's fines for securities fraud. And Drawdy *STILL* gets to profit from the Venrock/David Hook/Bill Earthman/SteelEye Technology venture. But Tamra, well, oh well...not our problem as she struggles daily to overcome her losses Venrock helped to create and as the champagne glasses clink to Venrock's new investments.
SteelEye, now using name LifeKeeper to cover up their dirty deeds, is hanging on after employees took paycuts, left the company, and mortgaged their personal assets (good! because when it folds, substantially more than I lost will be lost!). And SteelEye supposedly is doing well in European markets where that market doesn't have easy access to their local shady and unethical business practices within the U.S. But has no money to pay for their unethical and immoral treatment of several employees, but expects success by asking customers to buy something that involves trust and integrity.
AND IT GETS BETTER (2008): because I had flawless credit, not one payment missed in over 17-years, creditors assumed I had died or knew something serious had to have happened. Debt was charged off after finding out about Rockefellers/Venrock.com. But in 2004, Pressler & Pressler decides to sue on behalf of an old account charged off: Citibank, an account which contained Venrock.com/SteelEye.com/LifeKeeper.com debt. (Pressler was investigated by Attorney General for manipulating courts after buying up old credit accounts to pursue fraudulently in court, specifically picking persons who pay their bills.) Pressler files suit in state not residing in, wins on default judgement (ya think?!), THEN comes to state residing in to collect and wins THAT on default judgement (no show) but documents were filed with my statements regarding the debt.
Here's the kicker, and where it gets MORE damaging for Rockefeller BILLIONAIRES touting ethics: THE DEBT IS NOT MINE, it involves expenses from 2000-2001 - debt incurred as a result of moving (nope Venrock DIDN'T pay all relocation expenses as agreed) and debt incurred after Channler Drawdy's shady activity. Not to mention, I opted to add insurance on this particular Citibank account prior to relocating and working for the Venrock.com ponzi scheme scam.
We're at a Mexican standoff. I'd rather die or file bankruptcy repeatedly before I pay ANY of Rockefellers/Venrock.com debt. Or I could just sue Rockefellers given Pressler & Pressler just gave me an open window of opportunity. And Pressler & Pressler is screwed because the Attorney General has been made aware of their "lawsuit" as well as the debt and who it belongs to. And ironically, had more than 1 Citibank account, the personal Citibank account also charged off was not included in suit! HA!
And the really sick part: Citibank was included in the fraudulent John Boehner, Eric Cantor and Mitch McConnell 2008 bailout (touted as the right thing to do), but where was my bailout when wronged by billionaires who chose to fund AND payoff a ponzi schemer??
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Rockefeller foundation gave money to Pres. Herbert Hoover, who LITERALLY hated blacks, as in didn't give a damn if they died or not, just wanted his name kept clean (sounds familiarly like Ray Rothrock!!). So, Kanye West, you were wrong about Pres. Bush, see Herbert Hoover and Mississippi Flood. http://en.wikipedia.org/wiki/Herbert_Hoover#Mississippi_flood. Again, what's in a Rockefeller name? Nothing, apparently, given lack of integrity, decency and honor! Money can only whitewash so much.
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another Venrock shady deal
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8/21/2005 - per Bob Williamson, the company can do what it pleases, they are above the law in So. Carolina and there is nothing feds can do to them in that state, regardless of any state, local, federal or civil laws broken. and I quote, from Bob himself: "who's going to believe me" (with authenticated documents from Bob as well as a trail of employees harmed directly by Williamson). and the other priceless statement: "people aren't going to care". He's right! No one cared (except the feds), not even the politicians now hoodwinking people into believing they care about the economy all of a sudden!
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9/14/2005 - advice received from Norma Schwarz and David Hook of Hook Partners/BayMark Partners: I should just forget about the money defrauded and find another job to pay for the money lost. Great approach for future criminals: whatever they steal or cheat you out of, just don't worry about. Just find more money some place else (like the same amount defrauded will be returned immediately upon entering a new job) and work doubly harder to overcome what was stolen, and don't complain about it. This is the ethics of Hook Partners/Baymark Partners, just like common street thugs without ethics and morals. I'm guessing we should just eliminate the Dept. of Justice and let frauds and hustlers freely have whatever they stole. Drawdy's fines & penalties for securities fraud should also be refunded back to him using their analogy.
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10/10/2005 - more Venrock bellyup activity, and surprisingly this investment involves a joint venture with a CIA private venture company. I'll bet the CIA was not made aware that Venrock funded a convicted securities fraud. and what do you know, HP and Intel involved yet again, and after the Drawdy payoff.
www.fool.com article - free account required to view
"Nanosys is a Palo Alto-based nanotechnology start-up long on ideas but short on everything else. It had the backing of the Rockefeller family's Venrock Associates and the CIA's private venture capital firm In-Q-Tel (yeah, we're still scratching our heads over that one too). It got directors from Hewlett-Packard (NYSE: HPQ) and lined up partnerships and financial backing from Intel (Nasdaq: INTC) and DuPont (NYSE: DD).
.....The Nanosys IPO was scheduled to raise between $94 million and $106 million, before underwriting costs. The company needs the cash, too, because it's burned through $26 million since its founding in July 2001. It reported a loss of $8.78 million on revenues of $2.5 million for the six months ending June 30. It still has $35 million in the bank, though, and the IPO would have created a nice cash infusion.
That's a lot of money for a company with no commercial products. Like in the dot-com bubble days, a lot of firms seem to be trying to horn in on the nanotech mania. Still, there are firms out there with viable products, such as Veeco Instruments (Nasdaq: VECO), Nanophase Technologies (Nasdaq: NANX), and Flamel Technologies (Nasdaq: FLML), a pick of Tom Gardner's Hidden Gems newsletter."
view complete article
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05/01/2007 - from David Stepp, Venrock's general counsel: Venrock is not responsible for the actions of Channler Drawdy. Venrock simply provided the funding (as in Drawdy could do whatever he pleased with investor cash). words of wisdom from a Harvard alum. hard to believe this person is paid a salary after hearing nonsense like this. Venrock not only guided Drawdy DAILY, but Rothrock, Copeland, David Hook, Bill Earthman and other Venrock staff nodded their heads in agreement to bonehead decisions of Drawdy - like railroading an employee on known medical leave out of their job. but now Venrock wants to take the "our hands are clean" approach. this clears the way for anyone, including Pookie & Raheim up the block to receive funding for any reason, as well as is another case that NO ONE should be denied funding! and if Stepp claims he didn't say he didn't care what Drawdy did with $22 million, I hope he can remember he's associated with an international financial organization!
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Jan 2009 - Shelley Clapper, who works directly for Eric Sean Copeland, Brian Ascher and Neeraj Choubey, has a degree in Psychology, but actually mocks people who have been victimized by Ponzi schemers. Her response to someone harmed by her company's fraud and negligence, "Call someone who cares". Shelley completely supports the immoral and unethical behavior of her boss and company, she protects Copeland like a true thug miss, yet thinks "down" of thug rappers and urban blacks, as in she's better than them and doesn't want to be anywhere around them. It's clear to see why she failed in any psychology related career, and now works with degenerate scammers who don't care about anything except greed. The irony is Clapper isn't the only admin with a psychology degree - Kathy Jin does as well. Both of these women are at the forefront of extremely immoral and unethical persons with less of a conscience than serial killers! Again, shady birds of a feather flock together, makes them feel comfortable about their deception as there is no one to question their lack of integrity. This lack of integrity, ethics as well as conscience also says a lot about Clapper Construction (San Mateo), as in if Bryan Clapper's wife (Shelley) is unethical, how ethical and concerned will Bryan Clapper be when building any part of a property??
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Sept 2010 - and now get this: Venrock (David Pakman) wants parents to buy Social Shield, an application to protect kids online from bullies, AFTER *proudly* funding a bullying menace like Channler Drawdy, who more than had enough help from the little terrorist, Bob Williamson, and his little proud, confederate, racist and liar, Rindy Abdelnour. after a complete reversal of fortune (losing all I worked for while funding a man who's entire life has been about destroying lives), Venrock's response, including from David Pakman: go jump off a bridge, kill myself or resounding laughter with high-fives all around. isn't that what bullies do?? but yeah, sure, buy their latest investment fraud to make them even more wealthier than they've become since 1998, in spite of a complete economic collapse while their wealthy tax breaks, including for losses, didn't create jobs, but created money laundering instead.
The Ponzi Scheme - what Drawdy did PRIOR to being rewarded millions by Venrock, David Hook, Bill Earthman and other SteelEye investors.
SEC to Supervise Hedge Fund Industry (well that "supervision" has worked out well for Bernie Madoff!)
© Copyright 2001-2009. Tamra M. Burgess. All Rights Reserved.
senator jay rockefeller, steeleye.com, channler drawdy, venrock.com, rockefeller corporation, rockefeller foundation, eric sean copeland, eric copeland, anthony sun, tony sun, ray rothrock, tony evnin, scott bashrum, david hook, baymark partners, norma schwarz, windflower way dallas texas, susan gardner, shelley clapper, cathy brewer, kathleen byrnes, cathy jin, ashley murray, brian ascher, fred aslan, matthew trevithick, brian ascher, david beisel, richard bradshaw, mike brooks, neeraj choubey, modassir choudhry, ohad finkelstein, steve golby, anders hove, dev khare, nextwala, devkhare.com, richard moran, nuts bolts jolts book, rich moran winery, moranatwork.com, richmoran.com, david pakman, william rastetler, william rastetter, bryan roberts, gur roshwalb, david shaw, ken song, dafina toncheva, mike tyrrell, phil, evy smith, loretta chen, jocelyne cooke, teresa lew, christina ornelas, linda patane, larisa shevchenko, david stepp, brett teele, mark thompson, michael cerda, david courtney, sean o malley, sean omalley