Here’s the real story behind the founding of CYNK, the mysterious Penny Stock with the wave that shocked the internet
Two brothers have been linked to the mysterious social networking company with the shares that jumped 25,000% since its inception – and one of them has a history of involvement in questionable companies.
CYNK was founded in Nevada by a businessman named John Kueber in 2008. The company appears to be dedicated to a website called Introbiz which claims to help people connect with celebrities and business leaders for a fee. However, CYNK does not appear to have ever had any assets, income, or more than one employee. Due to the company’s mysterious connections, its astronomical rise has made international headlines. CYNK’s stock surge also caught the attention of the SEC, which halted trading in the stocks last Friday, citing “concerns about the accuracy and adequacy of market information and potentially manipulative transactions on the common shares of CYNK “.
John Kueber, who is currently the COO of Tiger Oak Media, spoke to Business Insider on Monday about the company he founded. He said he ultimately decided to abandon the idea of the business and sell it to “a friend” of his brother, Phil Kueber. John Kueber said he received “modest consulting fees” of “around $ 6,000” at the time of the sale.
“I agreed to sell these shares based on the idea that I didn’t have a lot of faith in the concept and that I was busy selling a private media company to Tiger Oak,” Kueber explained. .
Phil Kueber, who is an officer of at least 10 companies registered in the state of Nevada has a long written record of business activity, some of which has clashed with law enforcement and investors. InvestorsHub forum users have heavily criticized Phil Kueber’s business connections. In 2004, the BC Financial Institutions Commission in British Columbia, Canada close Phil Kueber’s business, First Cash Card, after the Royal Canadian Mounted Police were contacted by the Beverly Hills, Calif., Police Department and asked to investigate a claim made by an “elderly” woman who said she received a phone call of the company “informing her that she had won $ 1.2 million” and had to pay $ 12,200 to First Cash Card to receive the prize. The Canadian investigation subsequently ruled that Phil Kueber’s business was “unauthorized.”
John said he had agreed to sell CYNK to his brother’s friend even though he was “fully aware of my brother’s story on the Internet”. In October 2011, documents show that a man by the name of Kenneth Carter bought 6 million shares of CYNK and became the company’s second managing director and sole employee. On Facebook, Carter uses the alias “Kenny Blaque” and calls himself the “owner and founder” of a Vegas-based “internet marketing company” called Blaque Technology. Carter told Buzzfeed he teamed up with John Kueber and bought the shares from him. John Kueber claimed that he could not remember the name of his brother’s friend although he knew he had sold the shares to Carter.
“This is something where I’m an entrepreneur, I found a bunch of stuff, my brother, it’s pretty well documented on the internet how he makes a living,” John said.
Tiger Oak operates several local glossy publications including Seattle magazine, Arizona Bride and Minnesota Business.
John Kueber said he was currently “not involved in business with a family”. He claimed to have received “a lot of phone calls” since CYNK shares began to explode in mid-June.
“I’m as baffled as anyone about my connection to this,” John Kueber said.
He then described his experience since the CYNK explosion as a “nightmare”.
“I would say that in 1997 I moved to Seattle. I went to school here and since moving to Seattle I’ve pretty much done my own thing, ”he explained. “I have been legally employed in setting up a private media company in town for the past six years and that has been at the center of my efforts. And, you know, family, family, but from a business standpoint, I got away from my brother and his business.
John Kueber said he “thought it was it” when he sold CYNK to Phil Kueber’s friend. He also claimed he did not know what Phil Kueber’s “current connection to the company” was.
“You would have to ask my brother, to be frank, I haven’t seen my brother for probably two years,” John Kueber said.
Phil Kueber can be directly connected to CYNK in several ways.
CYNK Technology Corp. has been registered in the state of Nevada on May 1, 2008. At the time, a man named Javier Romero was on the list of directors, treasurer, secretary and president of the company. Records show that the company is still active. However, on May 30 of last year, someone using the name “Phil Keeber” attempted to re-reserve the name of Cynk Technology Corp. in Nevada. This reservation expired three months later. “Keeber” used the address 8350 Wilshire Blvd. in Beverly Hills, California. This address was used by Phil Kueber to many other companies.
John Kueber’s claims about his brother’s role in the business and the use of his business address aren’t Phil Kueber’s only connection to CYNK.
Phil Kueber and his family have ties to Belize, where documents indicate CYNK is currently based.
Specifically, court records show Phil Kueber also previously used the address of The Matalon, a business center where CYNK is located. Additionally, social media pages link Phil Kueber to a luxury resort project in the tiny Central American country.
Phil deleted his Facebook page after Business Insider started working on the story. However, a handful of pages that had previously appeared on the site showed him tagged in photos for Diamante Belize – an upscale waterfront luxury resort currently under construction in San Pedro, Belize.
Several YouTube videos showing the Diamante project were made private on Monday. Business Insider viewed these clips over the weekend and the narrator identified himself as “Phil”. Phil’s wife Christa, a recent graduate of New York’s Parsons School of Design, appears to be part of the team working on the development. She is also tagged in several photos on the Diamante Facebook page.
Last month, Las Vegas attorney Harold P. Gewerter, who previously represented CYNK and has worked with several companies linked to company executives wrote a letter to the OTC Markets group indicating that a Belizean man named Javier Romero became CEO of CYNK on February 20. A filing with OTC Markets, the platform on which CYNK trades, described Romero as “the President, CEO, Secretary, Treasurer and Director of CYNK Technologies, Inc.” and said: “Since 2009 Mr. Romero has been a Fishery Officer for the Government of Belize”.
Since last Friday, Business Insider has had several weird conversations with a former Belize fishery officer named Javier Romero. In these conversations, Romero denied being involved with the company or knowing any of its executives, although he admitted there was a “proposed deal” for him to buy shares of a former CEO. by CYNK.
Romero is from San Pedro, where Diamante Belize is located. He recorded a reggaeton song called “San Pedro (I love you)” on its links with the city. On Monday, after learning about Phil Kueber’s role in CYNK, we called Romero again and asked if he could tell us about Phil Kueber.
“I’m not going to tell you more than you already know,” Romero said.
Business Insider specifically asked Romero if he knew Phil Kueber.
“It has nothing to do with Phil. I don’t know what you are trying to achieve, ”he said.
Romero then appeared to admit that he knew Phil Kueber, although he indicated that this was only the result of being from San Pedro and not a connection to CYNK.
“It’s a small island. Everyone knows everyone on the island, ”Romero said. “OK. I really don’t want to get more involved in this shit that I swear to God.
In one of his previous conversations with Business Insider, Romero identified a man named Howard Berkowitz as a senior executive of CYNK. Berkowitz could not be reached for comment, but documents linking him to the company also listed a trio of executives who have already worked together on other companies. None of them responded to Business Insider’s requests for comment. A phone call to a CYNK phone number with a Miami area code also went unanswered.
Business Insider has made several attempts to contact Phil Kueber regarding his role at CYNK. This included leaving a message for his lawyer, Steven Young, and trying to relay an email message through John Kueber who said he “would consider” forwarding it to Phil. At the time of writing, we have received no response.
Watch Romero’s clip on San Pedro below.
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