Andy Badolato, has a long history of legal disputes and unpaid debts

“Andrew M. Badolato, has a long history of legal disputes and unpaid debts.

Sharesleuth ran a routine check of the online court records in Sarasota County, IBC’s home base, and found at least 15 financial-related suits listing Badolato as a defendant. Those cases include a foreclosure action brought this year on his $2.4 million house, a $1.85 million suit brought in 2001 by an investor in another Badolato venture and judgments won by 2003 American Express Corp. and a Bahamian resort and casino for unpaid bills.

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Andy Badolato

Andy Badolato, WARNING he is a scam artist!

It looks like Andy Badolato is at it again.

Now, he is pitching are raising money from private investors for a company called The USA Exchange, Inc. He is promising huge yields of return when the company merges with a pink sheet shell. Investors are promised that they will be able to cash out their investment and keep their shares or part of them. The USA Exchange was supposed to go public in January 2016. So far is June 2016 and there is no clear chance of that happening.

This guy is a con-artist. Has filed personal bankruptcies at least 2, perhaps 3 times and has a long history of legal disputes (at least 23 public cases of lawsuits against him for fraud, breach of contract and others on pacer.gov) and unpaid debts including judgments and lawsuits against him from the IRS. Claims of child molestation, employee sexual harassment and his Florida home is currently in foreclosure (May 2016), Also, there is at least already one lawsuit and judgement against his new scam USA Exchange Inc. in the Florida Courts by a vendor named Kappa East which he did not pay.

According to publicly available records, he had been involved in several pink sheet frauds and in bribery cases involving a company called Renewable Corporation, Inc. OTC:IBOT.

He changed his public persona to his nick name “Andy” to hide his frauds and scams, judgements against him, charges of child molestation and employee harassment. His real name is Andrew Martin Badolato, off course.

 

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Other judgments: Judgment against him for $112,000 from Carter Footwear, Inc.

Judgment against him for $25,000 from Steven Meininger

Unpaid taxes IRS Lawsuits: https://dockets.justia.com/docket/florida/flmdce/8:2011mc00117/265131

USA v. Badolato
Petitioner: USA
Respondent: Andrew Badolato
Case Number: 8:2011mc00117
Filed: November 10, 2011
Court: Florida Middle District Court
Office: Tampa Office
County: Hillsborough
Presiding Judge: Virginia M. Hernandez Covington
Referring Judge: Anthony E. Porcelli
Nature of Suit: Taxes (US Plaintiff or Defendant)
Cause of Action: 26:7402
United States of America v. Badolato
Petitioner: United States of America
Respondent: Andrew Badolato
Case Number: 8:2012mc00118
Filed: September 17, 2012
Court: Florida Middle District Court
Office: Tampa Office
Referring Judge: Elizabeth A. Jenkins
Presiding Judge: Elizabeth A. Kovachevich
Nature of Suit: Other
Information from UTEK Corp.
http://sharesleuth.com/investigations/2006/10/utek_corp

“Andrew M. Badolato, has a long history of legal disputes and unpaid debts.

Sharesleuth ran a routine check of the online court records in Sarasota County, IBC’s home base, and found at least 15 financial-related suits listing Badolato as a defendant. Those cases include a foreclosure action brought this year on his $2.4 million house, a $1.85 million suit brought in 2001 by an investor in another Badolato venture and judgments won by 2003 American Express Corp. and a Bahamian resort and casino for unpaid bills.

Badolato has worked as an investment banker specializing in helping small companies raise money or go public. Other suits in Florida show that Badolato had a pattern of privately reselling stock he has received in connection with his activities, without registering the shares or disclosing the transactions.”
This is the latest of many bankruptcies Andrew “Andy” Badolato has filed
Andrew Martin Badolato
Case: 8:2014-bk-11442-MGW
CH: 7
Filed: September 29, 2014
Discharged: December 28, 2014
Address: 3108 Casey Key Rd Nokomis, FL 34275-3360

Pink sheet fraud: Mr. Andrew M. Badolato, The Chairman and CEO of The Renewable Corporation filed Chapter 7 bankruptcy in 2005 and was discharged in 2006. Mr. Badolato intends to file chapter 13 bankruptcy in the 4th quarter 2009. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=26091
Bribery cases: http://www.law360.com/articles/271274/stock-promoter-gets-16-months-for-broker-bribery

Judgments:

http://pacer.flmb.uscourts.gov/judgments/case/62HCYEBC.pdf

http://pacer.flmb.uscourts.gov/judgments/case/A1EY1MI4.pdf
Pink sheet fraud: Mr. Andrew M. Badolato, The Chairman and CEO of the company filed Chapter 7 bankruptcy in 2005 and was discharged in 2006. Mr. Badolato intends to file chapter 13 bankruptcy in the 4th quarter 2009. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=26091
Bribery cases: http://www.law360.com/articles/271274/stock-promoter-gets-16-months-for-broker-bribery
Curshen ran his scheme through a Costa Rica-based company called Red Sea Management Ltd., according to prosecutors. He made a deal with IBOT’s owner, Andy Badolato, to sell 3 million company shares in exchange for a 25 percent cut of the proceeds.

Reports of Child Molestation: ANDREW BADOLATO of Sarasota Florida is a known CHILD MOLESTER/PEDOPHILE and professional scam/con artist. Hundreds of potential investors etc are being warned not to get involved with any pool agreement to destroy Renewable Corporation or to be involved with ABOUT MAIN STREET or anything Badolato or his promoters, firms etc are involved with.
http://99wallstreet.com/discussion/posttitle/investors-2
Andy Badolato, WARNING he is a scam artist!

It looks like Andy Badolato is at it again. Now, he is pitching are raising money from private investors for a company called The USA Exchange, Inc. He is promising huge yields of return when the company merges with a pink-sheet shell. Investors are promised that they will be able to cash out their investment and keep their shares or part of them. The USA Exchange was supposed to go public in January 2016. So far is June 2016 and there is no clear chance of that happening.

This guy is a con-artist. Has filed personal bankruptcies at least 2, perhaps 3 times and has a long history of legal disputes (at least 23 public cases of lawsuits against him for fraud, breach of contract and others on pacer.gov) and unpaid debts including judgments and lawsuits against him from the IRS. Claims of child molestation, employee sexual harassment and his Florida home is currently in foreclosure (May 2016),  Also, there is at least already one lawsuit and judgement against his new scam USA Exchange Inc. in the Florida Courts by a vendor named Kappa East which he did not pay.

According to publicly available records, he had been involved in several pink sheet frauds and in bribery cases involving a company called Renewable Corporation, Inc. OTC:IBOT.

He changed his public persona to his nick name “Andy” to hide his frauds and scams, judgements against him, charges of child molestation and employee harassment. His real name is Andrew Martin Badolato, off course.

Other judgments: Judgment against him for $112,000 from Carter Footwear, Inc.

Judgment against him for $25,000 from Steven Meininger

Unpaid taxes IRS Lawsuits:  https://dockets.justia.com/docket/florida/flmdce/8:2011mc00117/265131
Information from UTEK Corp.
http://sharesleuth.com/investigations/2006/10/utek_corp

“Andrew M. Badolato, has a long history of legal disputes and unpaid debts.

Sharesleuth ran a routine check of the online court records in Sarasota County, IBC’s home base, and found at least 15 financial-related suits listing Badolato as a defendant. Those cases include a foreclosure action brought this year on his $2.4 million house, a $1.85 million suit brought in 2001 by an investor in another Badolato venture and judgments won by 2003 American Express Corp. and a Bahamian resort and casino for unpaid bills.

Badolato has worked as an investment banker specializing in helping small companies raise money or go public. Other suits in Florida show that Badolato had a pattern of privately reselling stock he has received in connection with his activities, without registering the shares or disclosing the transactions.”
This is the latest of many bankruptcies Andrew “Andy” Badolato has filed
Andrew Martin Badolato
Case: 8:2014-bk-11442-MGW
CH: 7
Filed: September 29, 2014
Discharged: December 28, 2014
Address: 3108 Casey Key Rd Nokomis, FL 34275-3360

Pink sheet fraud:  Mr. Andrew M. Badolato, The Chairman and CEO of The Renewable Corporation filed Chapter 7 bankruptcy in 2005 and was discharged in 2006. Mr. Badolato intends to file chapter 13 bankruptcy in the 4th quarter 2009. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=26091

Bribery cases:  http://www.law360.com/articles/271274/stock-promoter-gets-16-months-for-broker-bribery

Judgments:

http://pacer.flmb.uscourts.gov/judgments/case/62HCYEBC.pdf
http://pacer.flmb.uscourts.gov/judgments/case/A1EY1MI4.pdf

Pink sheet fraud:  Mr. Andrew M. Badolato, The Chairman and CEO of the company filed Chapter 7 bankruptcy in 2005 and was discharged in 2006. Mr. Badolato intends to file chapter 13 bankruptcy in the 4th quarter 2009. https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=26091

Bribery cases:  http://www.law360.com/articles/271274/stock-promoter-gets-16-months-for-broker-bribery
Curshen ran his scheme through a Costa Rica-based company called Red Sea Management Ltd., according to prosecutors. He made a deal with IBOT’s owner, Andy Badolato, to sell 3 million company shares in exchange for a 25 percent cut of the proceeds.

Reports of Child Molestation:  ANDREW BADOLATO of Sarasota Florida is a known CHILD MOLESTER/PEDOPHILE and professional scam/con artist. Hundreds of potential investors etc are being warned not to get involved with any pool agreement to destroy Renewable Corporation or to be involved with ABOUT MAIN STREET or anything Badolato or his promoters, firms etc are involved with.
http://99wallstreet.com/discussion/posttitle/investors-2

All of this information is from public files. We are not making anything up or trying to inflict any damage on Andy Badolato. We are just compiling public records to warn people to stay away from this Andy Badolato guy and any other scammer out there. Now, if this is public information, imagine how many more claims, and under the table deals and settlements he has negotiated.
USA v. Badolato
Petitioner: USA
Respondent: Andrew Badolato
Case Number: 8:2011mc00117
Filed: November 10, 2011
Court: Florida Middle District Court
Office: Tampa Office
County: Hillsborough
Presiding Judge: Virginia M. Hernandez Covington
Referring Judge: Anthony E. Porcelli
Nature of Suit: Taxes (US Plaintiff or Defendant)
Cause of Action: 26:7402
United States of America v. Badolato
Petitioner: United States of America
Respondent: Andrew Badolato
Case Number: 8:2012mc00118
Filed: September 17, 2012
Court: Florida Middle District Court
Office: Tampa Office
Referring Judge: Elizabeth A. Jenkins
Presiding Judge: Elizabeth A. Kovachevich
Nature of Suit: Other