Evidence presented by the Government in the case titled United States District Court against Pino Baldassarre support the fact that Malcolm Stockdale was never a Director, shareholder or employed by IDS Systems Inc. Malcolm Stockdale was never an authorized signature for the IDS Bank account or the IDS Brokerage account. The evidence introduced by the Government identifies Pino Baldassarre as the majority shareholder and Director of IDS Systems Inc. Further evidence identifies Pino Baldassarre as the only authorized signature for the IDS Bank account and the IDS Brokerage account. Bank statements presented by the government identify the only benefactor from the sale of the shares was IDS Systems Inc.The facts are that Malcolm Stockdale did pay Michael Fufidio. Rachelle Langley. Giuseppe Baldassarre and IDS Systems Inc in accordance to the contract for the purchase of the patent US 20020067259 A1 Portal intrusion detection apparatus and method. The terms and conditions were never satisfied buy the sellers and the contract was never consummated. Presently Malcolm Stockdale is seeking the recovery of $1,250,000.00 US Dollars the amounts paid to Michael Fufidio. Rachelle Langley. Giuseppe Baldassarre.
The following pages will describe how Sara Stockdale. Michael Fufidio. Rachelle Langley.and Giuseppe Baldassarre, Did conspire to steal money for there collective benefit. The scheme was managed by Giuseppe Baldassarre. It will also identify the fact that Michael Fufidio and Giuseppe Baldassarre did commit perjury in the trial of the United States against Giuseppe Baldassarre. The FBI and SEC supplied the supporting documentation, during the discovery proses. All documents will be posted along with discussions around the salient points. To show there is no editorial enhancement we will post the transcripts of the evidence given under oath by Giuseppe Baldassarre and Michael Fufidio,.
Throughout the trial, Giuseppe. Pino Baldassarre with the support of Michael Fufidio, maintained his innocence by portraying the elusion of a wrongly accused victim. By insisting he was only acting for and behalf of Malcolm Stockdale, who was the owner of IDS Systems Inc. and the owner and beneficiary of the of the sale of the Dolphin Digital Media publicly traded stock.
Effective October 13, 2011, Pino Baldassarre resigned from his positions as President, Chief Executive Officer and a Director of the Company. For the period that Pino Baldassarre was a Director and CEO of Networking Partners, he was the only authorized signature on the company’s bank account. Pino Baldassarre resigned from his positions as President, Chief Executive Officer and a Director of the Company; due to the fact the he had improperly made payments to the tax authorities for the benefit of IDS Systems Inc. a company owned and controlled by Pino Baldassarre. With the departure of Pino Baldassarre The Company’s Board of Directors appointed Sara B. Stockdale (Co Conspirator)as the Company’s President and as a member of the Board of Director,
On December 7, 2011, the SEC filed its complaint against Baldassarre, Mouallem, and Malcolm Stockdale alleging that from at least October 2009, they engaged in a fraudulent broker bribery scheme designed to manipulate the market for the common stock of Dolphin Digital Media, Inc. The complaint alleged that they engaged in an undisclosed kickback arrangement with an individual who claimed to represent a group of registered representatives with trading discretion over the accounts of wealthy customers.