During 2006 Stanley Johnson and Consulting Dynamics offered and sold securities in the form of limited partnership units in Advanced Body Imaging Partnership to raise $3,000, 000. Beginning in Stanley Johnson offered and sold securities in the form of limited partnership units in Inner Image Diangostics for the purpose of rasiing $3,000, 000 to finance, develop, own, manage and operate a medical diagnostic center in Houston, TX. The California Department of Corporations had apparently not authorized Stanley Johnson to sell units under either corporate name in California.
In Sept the SEC sued Stanley Johnson and Advance Body Imaging Limited Partnership and Consulting Dynamics, alleging fraudulent misuse of more than $3,000, 000.in investor funds from an unregistered offering of limited partnership raised to open a medical diagnosic center in Laguna Hills, CA. Unfortunately, the government did not place a "cease and desist order" on all such business opertaions by Stanley Johnson, so he was able to again raise more than $3,000, 000 as Capital Innovations, Inc. And Inner Diagnostics Center for the purpose of financing, managing, etc a medical imaging center in Houston, TX.
This is the solicitation that I invested $250,000 in, in part, on the advice of two individuals that I thought were impartial, but later turned out to be associates of Mr. Johnson. The statements made to me included untrue and misleading statements including a track record of monthly dividend payments from existing facilities that historically returned investors' principle investment within 15 months, and profitable dividends thereafter, and the promise that the company would go public within three years and that original investors could cash out at that time with large profits.
0 comments