From Financial press

ALEX S GABOR COPYRIGHT INFINITE FREEDOM FOUNDATION CONTRIBUTED CONTENT MARCH 4 2015

CHINA BUS GROUP CO. (f/k/a ALPINE ALPHA 3, LTD.), CHINA CAPITAL FINANCE CORP. INC., CHINA COMPLANT GROUP INC., CHINA OUMEI REAL ESTATE, INC., CHINA TRANSPORTATION INTERNATIONAL HOLDINGS GROUP LTD., and CHINACAST EDUCATION CORP., have been served an Initial Default Decision that revokes the registrations of the registered securities of Respondents China Bus Group Co. (f/k/a Alpine Alpha 3, Ltd.) (China Bus) and China Oumei Real Estate, Inc.

The revocations are based on the Defaulted Respondents’ failures to timely file required periodic reports with the Securities and Exchange Commission (Commission).

It costs corporations from China to register in the Caymans and with the US SEC about $50,000 per year. These corporations are used by Chinese merchants for everything from money laundering to selling goods and services through the Dark Web.

While not all the other companies are domiciled in the Cayman Islands, it is a wonder why the SEC does not require subsidiaries of American Banks who are under fire from investors, regulators, and the International Bank Activities Reform Commission (IBARC) to file more transparent financial statements.

The SEC has known, should have known, or knew that a number of “too big to prosecute” banks dressed in “too big to fail clothing” have been engaged in money laundering for Mexican Drug Cartels, the Golden Triangle, and Tax Haven Countries.

The IRS has known for years, or should have known, or already knows and is doing nothing about paying off the national debt so that American Taxpayers don’t have to form Taxpayer Unions to audit the IRS and the Federal Reserve and the Treasury Department.

Dodd Frank has failed. The markets have failed. The bankers and lawyers have all fallen down.

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Alex S Gabor Copyright Infinite Freedom Foundation
I’ve written millions of words, published thousands of articles and stories about real estate, currencies, banking, politics, finance, mortgages, interest rates, technology, mining, energy, Molycorp, Harvest Exchange, Washington Mutual, IndyMac, FreddieMac, Fannie Mae, Pen Bancorp, Infinite Freedom Foundations, George Soros, Soros Fund Management, Soros and Me. I have published books. I have trained publishing company executives and sales forces. I have started mortgage companies and offshore banks. I am an entrepreneur extraordinaire.

For more on this story go to: http://financialpress.com/2015/03/04/sec-shutting-down-six-chinese-companies-in-cayman-islands/

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