Kelly Kabilafkas allegedly promoted shares in Airborne Wireless Network, then dumped the stock.
The US Securities and Exchange Commission (SEC) has charged seven people in connection with an allegedly fraudulent scheme to gain control of a technology company, pump up its stock, and defraud investors.
According to the SEC’s complaint, Kalistratos “Kelly” Kabilafkas secretly purchased essentially all of the outstanding stock of Airborne Wireless Network, a Nevada corporation headquartered in Simi Valley, California, then distributed millions of shares to his associates and himself. The six associates have also been charged in the alleged scheme.
Airborne was originally incorporated in 2011 as Ample-Tee Inc., which sold ergonomic products, such as chairs and workstations, for the physically disabled. But in 2016, the company changed its name to Airborne Wireless Network, and later radically changed its line of business to purportedly develop, market, and license a “high-speed
Tech
your username
March 2, 2021
On Tuesday, the Securities and Exchange Commission (SEC) filed a complaint in the Southern District of New York against Airborne Wireless Network (Airborne) and several individuals, including Kalistratos “Kelly” Kabilafkas, also known as Mark McKinney (Kabilafkas), Timoleon Kabilafkas, Chrysilios Chrysiliou, Panagiotis Bolovis, Eric Scheffey, Moshe Rabin (Rabin), and Jack Edward Daniels (Daniels) (collectively, the defendants), as well as the respective trustees of the Tim Kabilafkas Revocable Trust Dated and the Magdaline Kabilafkas Revocable Trust (collectively, the Relief Defendants) over their alleged $45 million fraudulent scheme.
According to the complaint, Kabilafkas, between August 2015 and at least May 2018, “orchestrated a scheme to defraud market participants, including retail investors…, using a publicly traded company, Airborne Wireless Network, which he secretly controlled.” Kabilafkas allegedly “launched the scheme by co
NewsSportsEntertainmentLifestyleOpinionUSA TODAYObituariesE-EditionLegals
Dufaults enjoy an especially Super Sunday with former Vikings greats
Jeff says Tommy Kramer s man-cave was especially impressive, and that the former Vikings quarterback and other former greats couldn t have been more down to earth
Mike Christopherson
The phrase “diehard fan” gets thrown around pretty liberally, but, chances are, many so-called diehard fans are more fair-weather in nature when it comes to supporting their favorite team through both good, and, if you’re a fan of the Minnesota Vikings, excruciating times.
But Jeff and Debbie Dufault and their family leave the diehard threshold in the dust. Longtime Vikings season ticket-holders with Jeff’s brother, Tim, they wear their purple jerseys and other gear with pride, whether the Vikes are in first place or last. To illustrate, this past season, in which the Vikings started a miserable 1-5 on their way to a 6-10 finish, the D
DEE, Inc. announces third quarter IDEA winner
Submitted
Crookston Times
Chris Rick was recently selected as the Improve DEE Excellence Award (IDEA) winner for the 3rd quarter, 2020. Rick, who works in the Permanent Mold department at DEE Incorporated, won the award for his suggestion to improve nitrogen use for degassing aluminum. He has been an employee at Dee Inc. for 6 years, is a resident of Crookston and has a wife Shirley, twin daughters Kristen and Cheyenne age 4 and a son Hunter age 3.
The IDEA program is a quarterly award program that recognizes employees for their suggestions to improve DEE Inc. It provides a formal method for employees to recommend improvements and for management to evaluate and implement them.