Boada claims to be a lawyer and represents his business as being a law firm; neither claim is true. Modern University of Lisbon, where Boada claims to have earned his law degree, is unequivocal in their report that he has never attended any branch of their institution. To the extent that his activities could be characterized as the practice of law, he is unlicensed.

Boada represents his bogus titles of nobility as being investments, offers them for sale through a self proclaimed investment company and refers to his clients as investors. Even if the titles were legitimate, investment vehicles are securities and they cannot be sold without registration. Furthermore, even if they were legitimately registered, they could not be sold through unregistered dealers by unlicensed brokers.

Boada structured the payments he received from our Client to appear to be tax exempt donations to non-existent charitable organizations in violation of Florida Statutes (FSS 496) and Title 18 USC 1956 (re Money Laundering).

In furtherance of his schemes to perpetrate frauds related to the sale of securities, Boada utilized the mail and the wire services of the United States of America in violation of Title 18 USC § 1341 (relating to mail fraud) and Title 18 USC § 1343 (relating to wire fraud), as well as violations indictable under the Currency and Foreign Transactions Reporting Act, all of which are characterized as Racketeering pursuant to Title 18 USC §1961, et seq.

Furthermore, Boada consorted and conspired with others to violate the laws of the United States in violation of Title 18 USC §371 (related to conspiracy).

The official report on this case, including all exhibits and attachments has been conveyed to the US Securities and Exchange Commission, the Florida Division of Securities, the Oregon Division of Securities and brought to the attention of the various other Law Enforcement Agencies and offices charged with the enforcement of securities laws in each of the other states.

<< Previous   Contents