3 Hebrew Boys investigation leads to indictments

Joseph Brunson, Tim McQueen and Tony Pough -- the principals of the 3 Hebrew Boys investment plan -- were indicted Tuesday and charged with one count each of selling securities without a license.

[Ready4Change]

Nene wrote:
check this out....
LATEST!!!!!! UPDATE!!!
JUDGE CHILDS, THE VERY FIRST JUDGE THAT FROZE THE
ACCOUNTS AND HAS MADE A MESS OF THINGS AND DID NOT
ALLOW REPRESENTATION OR COUNSEL - THERE IS A HEARING WEDNESDAY, SEPTEMBER 26 AT 11:00 AM - 1701 MAIN STREET
Let us see if justice will prevail. Too many of you talk with no real info in your talk!
Unshakeable peace.....

Can someone please expalin what this means???????

[german]

what is the latest update to unfreezing the bank account so that we can recieve our monies back?

[rainman]

the latest is wakeup and smell the coffee.u ain't gettin no money back.if didn't have the money to lose. u shouldnt have gave it up

[GET A LIFE]

rainman,

Go rain on your own parade and leave folks alone.

[patience]

everything and anything worth having MUST be tested. everything will work out. stay away from the doubters. dont let them infiltrate your thoughts or confidence

[RAINMAN]

GET A LIFE, IT LOOKS LIKE THE 3CON MEN JUST RAIN ON YOUR PARADE. READ THE SOUTH CAROLINA NEWSPAPER. U WILL SEE WHAT I MEAN. UNLESS U ARE CAUGHT N THE FIRE.

[The Whole Truth]

Investment firm seek bankrupcy protection
By BEN WERNER - [e-mail]
3 HEBREW BOYS

Columbia’s 3 Hebrew Boys promised to pay investors returns worth $1 billion, but now the firm says it can’t cut those checks.

Three Hebrew Boys, under state and federal investigation, sought Chapter 11 bankruptcy protection Tuesday, in a filing where leaders insisted they are not citizens of the United States but of an entity called “We the People.”

“Give us liberty, or give us death; but we shall not sit by, and watch Satan’s handiwork, enslave, kill, torture, and spiritually deaden, our brothers and sisters in the Kingdom,” the filing states.

The statements were not the only unusual part of the Three Hebrew Boys’ bankruptcy filing. The firm lists assets worth $2.8 billion and debts of $1 billion.

Typically a bankruptcy filing claims the opposite — debts outstrip assets — but the 3 Hebrew Boys documents did not include an explanation of the accounting.

John E. Brown, the West Columbia resident listed as preparing the filing, did not return calls Wednesday.

This latest move by the 3 Hebrew Boys, also known as Capital Consortium Group, comes as its three leaders are accused by state and federal investigators of defrauding investors, recruited mostly in churches and on military bases, of up to $82 million.

Nearly 9,000 people in 23 states are said to have invested with 3 Hebrew Boys, but the only creditors listed are government officials such as S.C. Attorney General Henry McMaster.

A judge froze the firm’s assets, including $17 million in cash, at McMaster’s request.

The leadership — Joseph Brunson, Tim McQueen and Tony Pough — all signed the filing that says they felt let down by,“The cowardice of the judiciary to stand against powerhouse as the legal establishment, the banking cartels, the political forces.”

Still, the bankruptcy filing does describe a desire to repay investors by dissolving the firm.

Brunson, McQueen and Pough have each been charged by state officials with selling securities without a license. They have plead not guilty and are free on bail pending trial. The FBI seized computers during a raid of 3 Hebrew Boys’ office last month.

Based on previous statements made in court and on the company’s Web site, the trio had touted their investment plan as a way for people to get rich by taking advantage of little-known facets of the investment world typically kept from the average person.

Investors were told the firm used their money to buy foreign currency. The differences in exchange rates result in high returns.

State and federal investigators, though, claim money collected by the firm was simply used to fund a lavish lifestyle.

• The company lists in its filing no monthly income, but claims such hard assets as:

•$6.6 million in real estate

•$9.3 million in vehicles, including a pair of Chrysler 300 sedans said to be worth more than $100,000 each and a Gulfstream jet worth $8 million

•$1.7 million worth of other vehicles, including a $190,000 Mercedes Benz.

[RAINMAN]

COME ON INVESTOR TALK NOW. WHAT WRONG THE 3CON GOT YOUR TONGUE.ARE MAYBE YOU ARE CAUGHT IN THE FIRE. LIKE THE 3CON WILL PUT IT.

[M in Columbia]

Innocent Bystander wrote:
Fact:

While Quest, Matrix and other CCG supporters speak in broad generalizations that have nothing to do with the truth of the current state of CCG, the boys, and the people they defrauded. None address the following truth:

1. CCG is subject to a cease and desist order
2. CCG/3HB is in some type of receivership
3. Their assets are frozen
4. In their own bankruptcy filing they reflect and intent to use the assets of CCG to pay themselves
5. In their own bankruptcy filing they fail to list thousands of creditors that have lost money
6. In their own filings with the secretary of state they seek to self-encumber their assets to thwart the efforts of their real creditors
7. They are the subject of a federal grand jury investigation
8. Brunson, in his own words, sells out his own race in his complaint in District Court under the theory that more blacks on the grand jury will let him get away with a fraud on thousands of black people.

Thats the truth. Mama told me that where there is smoke theres fire. Don't think these three "Hebrew Boys" will get out of this fire like in the book of Daniel.

[M in Columbia]

Innocent Bystander wrote:
Fact:

The Boys filed 11 "bonds" to support their bankruptcy case. Some of the bonds are signed by the boys as sureties for their own companies, such as:

22 million for Homes Real Estate & Investment
750k for Tri-Transit Logistics
225 Million for Alexander Dev.
75 mil for Bethal Construction

They also signed 300 million dollar bonds for each other, i.e. Brunson and McQueen would sign a bond for Pough. Finally, they signed bonds for themselves for themselves in the amount of 100 million dollars.

The truth is that these bonds have no value. I could sign a 20 million dollar bond for myself but it is only as good as my assets. They have presented these bonds to government officials to satisfy the debts they owe- basically when you cut through the jargon on the bonds- they say "satisfy my debts for this worthless piece of paper."

[Chief P]

RAINMAN wrote:

GET A LIFE, IT LOOKS LIKE THE 3CON MEN JUST RAIN ON YOUR PARADE. READ THE SOUTH CAROLINA NEWSPAPER. U WILL SEE WHAT I MEAN. UNLESS U ARE CAUGHT N THE FIRE.

Rainman you will soon eat your words

[CYNIC]

3 Hebrew Boys | Investment company’s bankruptcy in question
By BEN WERNER - [e-mail]
The 3 Hebrew Boys investment firm likely will have its chapter 11 bankruptcy protection filing tossed out of court, according to bankruptcy filings Wednesday.

A U.S. Bankruptcy Court trustee is requesting that the case, filed last month in Columbia, be dismissed for a variety of reasons including the failure to provide required information. Columbia-based 3 Hebrew Boys also has not yet been represented by a bankruptcy lawyer.

The firm’s filing, which was not prepared by a bankruptcy attorney, listed assets worth $2.8 billion and debts of $1 billion, but did not include required lists of creditors.

The filing simply listed the state court officials handling the case and state and federal investigators as creditors, but none of the estimated 8,000 to 9,000 individuals who participated in the firm’s investment plan.

In June, the principals of 3 Hebrew Boys — Joseph Brunson, Tim McQueen and Tony Pough — also known as Capital Consortium Group, pleaded not guilty to state charges of selling securities without a license. They are free on bail pending a trial.

Attempts to reach representatives of the firm were unsuccessful.

Currently, more than $17 million of the firm’s cash is frozen in bank accounts. State and federal investigators allege the firm promised returns on investments that were unrealistic and could not be fulfilled. Investigators say they think up to $82 million was collected in 23 states by the firm.

[AFOOLANDHISMONEY]

I hope and pray that the people who were conned out of their hard earned money will have learned from their mistake. I remember when these people came to Fort Bragg selling their lies. I tried to discourage my peers from giving their money away to these men. I was called short sighted and cheap. I took investment classes, economic classes and attended seminars to learn about investing for my future. What these men promised was so outlandish, that I was sure that everyone would see through the BS. I was so surprised to learn that SO MANY PEOPLE fell for this scheme. It is disgusting and dispicable. I pray for justice for the people who lost their money. I pray that God grants them enlightenment so they will seek LEGAL ways to invest into their future. Now is the time to buy securities, since the stock market is on the down side. People, read a book, educate yourselves. These men lied to you. They knew what they were doing was illegal. They also knew it was just a matter of time before they were caught. They weren't out to help any of you. They are thieves. Go to www.fool.com to start educating yourselves on the stockmarket, trading and investing. If you loose your own money, trust me, it won't hurt as much as when someone swindles you. Happy investing!!

[CYNIC]

Loyalty,

I came to CCG, JB, Jr and you for answers to some basic questions about CCG and my money. What I got from all of you were evasiveness, belligerence, arrogance and downright personal attacks. I had every right to that information and CCG was obligated to provide it. There are no longer mentions of the happy truck that would be rolling again in the fall or by the end of the year.

Here is a little secret. Your people got on this forum to put a spin on this mess to limit the damage to your scam. What you succeeded in doing was steadily eroding your support base. Every time you turned nasty on depositors that wanted to know the same things lots of other watching depositors also wanted to know, you lost depositors. Every time you shaded the truth…LIED, you lost. They didn’t have to be big lies. Many of the lies were modest and self-serving, but they were details that some of the people watching this forum personally knew were not true (and knew you knew they were not true). You know they had to think if you lied or misled about those things for the boys, the boys probably could not be trusted with the big things like money. Those loony pronouncements about sovereign citizens, phony bonds, phony lawyer, phony license plates, weird bankruptcy filing and going after officials (including several prominent African Americans) who were just doing their jobs did not help your cause any. Oh yeah, you later denied that the boys raised any kind of racial bias charge about the whole mess, but anybody that could read a newspaper saw that was a charge raised by the boys’ attorney. There was the thing about us depositors suddenly being promoted to “constituents” when it came time to file for bankruptcy. We weren’t even listed as creditors. It was an attempt to make us seem more a part of something you and your people told us was really none of our business.

That brings us to the biggest lie of them all. That would be the “different processes” directed by the methods of Jesus that “…are far beyond calculus and trigonometry.” Tell me how many innocent people do you know, when confronted with possible serious prison time and destruction of their business would refuse to give a solid alibi that they didn’t do the crime? How many supposedly caring Christian people do you know would insist that they wait until they are indicted and ignore the terrible harm the wait was doing to hundreds or thousands of depositors that trusted them with their money rather than provide a guiltless explanation? If the boys have a legitimate explanation, it is just as true and provable now as it would be at trial. The longer the authorities expend valuable resources pursuing something the boys could easily dispel, the harder it will be to convince those authorities that there was no wrong there in the first place.

Wait, I have one more thing to bring up. What was with this big spending spree the boys went on in less than a year? That is a lot of non-income producing property for an investment operation to acquire. It is also a lot of personal use property. Could it be a clear indication of the boys’ true motivations?

[callmewhatuwant]

This response is to "Loyalty" WHAT!

I tried my best to follow your statements but you did a lot of babelling and Insinuating without being direct. Maybe next time you should keep it short and straight to the point.(R U 4 or against)? I wonder -

[snakehips]

I have knowing Tony Pough since 2000, he had a scam going thesn and took money fom a lot of people, including myself. But it is time for him to stop taking peoples money.

[need an answer]

snakehips wrote:

I have knowing Tony Pough since 2000, he had a scam going thesn and took money fom a lot of people, including myself. But it is time for him to stop taking peoples money.

The 3HB are nothing but clowns! Once a crook, always a crook.

[CYNIC]

callmewhatuwant wrote:

This response is to "Loyalty" WHAT!
I tried my best to follow your statements but you did a lot of babelling and Insinuating without being direct. Maybe next time you should keep it short and straight to the point.(R U 4 or against)? I wonder -

With the long list of lies, misrepresentations, unprofessional and unethical behavior, it should be obvious. The boys are crooks!

[need an answer]

CYNIC wrote:

<quoted text>
With the long list of lies, misrepresentations, unprofessional and unethical behavior, it should be obvious. The boys are crooks!

This is so true! They are cowards to the end.

[CYNIC]

ATTENTION ALL DEPOSITORS THAT HAVE NOT RESPONDED TO THE FBI

---IF CCG IS CROOKED, DO YOU REALLY THINK THE CROOKS WILL GIVE YOU YOUR MONEY BACK IF YOU KEEP QUIET?

---IF CCG IS CROOKED, DO YOU WANT TO GIVE THEM ANY CHANCE TO GET AWAY WITH IT BECAUSE YOU WOULD NOT STEP UP?

---IF CCG IS LEGITIMATE, DO YOU THINK SUCH FINE CHRISTIANS WOULD KEEP YOUR MONEY BECAUSE YOU TOLD THE TRUTH TO THE FBI?

---IF CCG IS LEGITMATE, HOW DO YOU EXPLAIN THE LIES, HIDDEN AGENDA, PHONY LAWYER, PHONY BONDS, PHONY LICENSE PLATES, PHONY BANKRUPTCY,WILD SPENDING AND NO EXPLANATION ABOUT WHAT HAS BECOME OF THE INVESTMENT FUNDS (NOT THE $17 MILLION BUT THE FUNDS FROM THE DIFFERENT PROCESSES TO PAY THE HUNDREDS OF MILLIONS NOW DUE)?

http://columbia.fbi.gov/

EIGHT-ZERO-THREE-FIVE-FIVE-ONE -FOUR-TWO-ZERO-ZERO