Thank you to all of the readers who voted in this weekend’s poll. The numbers are in, and the overwhelming victor, by a huge margin, is the one, the only, Gene Michael Bennett.
Now most of you know about his “inactive” CPA status, his fake law degree, his organized crime linked CFO at China Agritech (CAGC), Gareth, and Gene’s association with many fine companies birthed through Richard Rappaport‘s reverse merger powerhouse Westpark Capital.
What readers may not know is that GMB still finds time to party. Check out this photo from a 2010 conference in Hong Kong: business up front (here), and from the AGBA site: party in the back (here). Yes, the mullet. Oh, and in case you are interested, at this undoubtably prestigious conference Gene Michael gave a presentation on, of all things, audit committee best practices. Fox guarding the henhouse? Gene speaking on good governance is almost as ridiculous as Bernie Madoff being the Chairman of the NASD, or the General Counsel of the SEC investing with Madoff. Sadly, all of those things actually happened. Irony. Delicious.
When we last left off, Gene had joined up with China Shenghou Pharmaceuticals (KUN) aka SKRP 8, Inc. one of the many Rappaport/Schwatzberg shells.
In Feb 2008 he joined the board, and became Chairman of the Audit Committee at China Pharma Holdings, Inc. (CPHI):
NEW YORK and HAIKOU, China, Feb. 5 /Xinhua-PRNewswire-FirstCall/ — China Pharma Holdings, Inc. (“China Pharma”) (OTC Bulletin Board: CPHI) which develops, manufactures, and markets generic and brand bio-pharmaceutical products in China, today announced the appointment of G. Michael Bennett, Yingwen Zhang and Baowen Dong to its Board of Directors, forming the Company’s Audit Committee. G. Michael Bennett is Chairman of the Audit Committee.
And in this press release it is revealed that Gene is also going for a DBA degree:
He is also a Doctor of Business Administration (DBA) candidate in Corporate Governance at City University of Hong Kong.
As of this date, 3 years later, it does not appear that GMB has managed to snag the coveted DBA degree in his area of great competence, Corporate Governance.
CPHI was once a shell called TS Electronics (TSET) and before that Softstone (SOFS). The reverse merger that created CPHI was arranged by Halter Financial, a name that has been in the news recently. Halter even goes as far as to call themselves “Reverse Merger Experts!” as if that is something of which to be proud.
Tim Halter‘s father and brother got into some hot water with the SEC last week. Read about that here and here. Barrons has run extensive articles on Tim Halter and the shenanigans in the Chinese reverse merger septic tank. Read those here and here.
Soon we will explore Gene’s spot at “rare earth” wanna-be China Shen Zhou Mining (SHZ), L&L Financial (now LLEN), his newest gig Global Pharm Holdings (GPHG) and his Advisory Board position at the impressive sounding, to morons, Swiss Private Client Capital Partners Ltd.
So Gene Michael, in honour of your victory in the poll, your hard work, and all of your hard partying, a BuyersStrike! salute. Well done, sir.
more details on Mr. Bennett’s “rare earth” play is available here: