Tag Archives: legal news

Unjust Persecution: Chetan Kapur’s Legacy at ThinkStrategy Tarnished by Baseless SEC Claims

NEW YORK, 2024-Oct-1 — /EPR Network/ — Chetan Kapur, the founder of ThinkStrategy Capital Management, who led the hedge fund to outperform market peers for over a decade, is now facing an unjust campaign of defamation and persecution. Despite his unwavering commitment to investors and consistent performance through the Great Recession, elements within the Securities and Exchange Commission (SEC) have unjustifiably targeted him with baseless claims.

ThinkStrategy Capital Management was known for its remarkable returns, delivering strong, steady profits to investors, even during the market collapse. Kapur’s leadership ensured investors’ interests were protected, going as far as depleting his own resources and sacrificing personal claims to shield them from losses. His dedication, integrity, and diligence earned him a reputation for going beyond the call of duty for his clients.

However, following the Great Recession, Kapur was targeted by certain corrupt factions within the SEC, who accused him of wrongdoing with no substantiated evidence. These claims, heavily influenced by misinformation and collaboration with an investor, Benjamin Schwarz, were later proven to be unfounded. Despite the complete dismissal of the charges, the defamation and wrongful persecution caused significant harm to Kapur’s reputation and personal life.

During the liquidation of ThinkStrategy’s leveraged TS Multi-Strategy Fund, which performed significantly better than most competitors during the economic crisis, Kapur continued to support investors without compensation for over three years. He also worked diligently to ensure investor returns were protected while managing the fund’s restructuring. Despite his best efforts, the SEC launched a defamatory campaign against him, accusing him of misconduct with fabricated claims, which were proven to be false.

Independent third-party testimonies have reinforced Kapur’s integrity and exceptional management, further discrediting the SEC’s claims. His case highlights the severe flaws in how regulatory bodies can unfairly target individuals, particularly minority professionals, in the financial sector. Kapur’s legal battles have shown not only his resilience but also the deep-rooted corruption and power abuse within certain factions of the SEC.

As the dust settles on the wrongful accusations, Kapur remains determined to clear his name and continue his contributions to the investment community. Calls for greater scrutiny into the misconduct of certain SEC officials involved in this case are growing, with many supporting Kapur’s quest for justice.

SOURCE: EPR Network

Financial Integrity and Legal Controversy: Inside ThinkStrategy’s Prolonged Battle

NEW YORK, 2024-May-20 — /REAL TIME PRESS RELEASE/ — ThinkStrategy Capital Management, a leading investment management firm, today announced a significant legal victory as all charges brought against it and its founder, Chetan Kapur, by the U.S. Securities and Exchange Commission (SEC) have been dropped. This decision comes after a protracted legal battle where ThinkStrategy demonstrated the baselessness of the SEC’s allegations.

For over a decade, ThinkStrategy Capital Management delivered outstanding financial returns to its investors, consistently outperforming the market, even during the tumultuous periods of the Great Recession. The firm’s rigorous investment strategies and commitment to investor transparency have been a cornerstone of its operations.

However, during these challenging economic times, ThinkStrategy and Mr. Kapur faced severe legal and regulatory challenges, stemming from what has been revealed as a series of unfounded accusations by the SEC. These allegations were not only without merit but were also shown to have been influenced by improper motives, as detailed in recent legal proceedings.

“The dismissal of these charges is not just a victory for ThinkStrategy but for the integrity of the financial regulatory process,” said Chetan Kapur, founder of ThinkStrategy Capital Management. “We have always upheld the highest standards of compliance and transparency, and this outcome reaffirms our commitment to our investors.”

Despite the financial and operational challenges posed by these legal battles, ThinkStrategy continued to protect and prioritize the interests of its investors, demonstrating resilience and ethical management during periods of significant market stress. The firm’s actions during the crisis exemplify the dedication and sacrifice ThinkStrategy is willing to make to safeguard investor assets.

ThinkStrategy Capital Management wishes to express its gratitude to the legal team, its loyal clients, and all those who supported the firm through this challenging period. Moving forward, ThinkStrategy is focused on continuing to provide exceptional service and investment returns to its clients.

SOURCE: EPR Network

Matvil Corp. Continues Its Fight Against Illegal Actions of the Legal System of Moldova

A case of intellectual rights dispute sheds light on the corrupt legal system of Moldova

TORONTO, Canada, 2020-May-15 — /REAL TIME PRESS RELEASE/ — As one of the leading online ethnic TV providers, operating in North America, Matvil Corp. discovered, there is no reliable system in place that protects legal broadcasters from dishonest competition. In their attempts to enter the US and Canadian markets, Internet pirates commit fraud and manipulate data in order to influence the corrupt legal system of Eastern European countries and try to destabilize operations of successful companies, cause financial damage and hurt their reputation.

The case Radio Star Ltd. against Matvil Corp. is a vivid proof of such practices.

On June 8, 2018, Radio Star Ltd. filed a lawsuit against Matvil Corp. in the court of Chisinau, Moldova, stating that the latter illegally broadcasted a number of Russian and Ukrainian channels on the territory of Moldova.

It should be noted right away that in support of its demands, Radio Star (Moldova), knowingly and deliberately used various methods to circumvent technical protection measures undertaken by Matvil Corp., and subsequently presented them as evidence. Using ExpressVPN program, accomplices or employees of Radio Star (Moldova), (which in this case is a media “pirate”), physically located in the Republic of Moldova, created user accounts and, using American IP addresses, with location in New Jersey, USA, registered on the Matvil Corp website, thereby creating the illusion of receiving services offered by the company.

It should be clarified that ExpressVPN program is a virtual tunnel that virtually changes the physical location of a computer or other electronic device, assigning this device a virtual IP address, indicating a virtual location anywhere in the world (at the choice of the user of this program), while physically, the electronic device is located in its territorial space.

Matvil Corp is a respectable media provider that provides online TV broadcasting services in Canada and the United States. Subscription access to the service for users from the countries of former USSR and Russia is strictly prohibited and unavailable.

However, malicious desire for illegal enrichment pushes such adversaries as Radio Star (Moldova) to resort to illegal actions, falsification, fraud and the commission of crimes using IT technologies.

Moreover, as it became known already in the framework of the trial, Radio Star (Moldova) does not have exclusive rights at all to broadcast Russian and Ukrainian television channels in the territory of the Republic of Moldova. Radio Star (Moldova) is just an agent for the distribution and conclusion of contracts with the end consumer and with a limited duration of contractual agreements.

In addition, Matvil Corp did not receive any claims from the copyright holders, and Radio Star (Moldova) did not provide any evidence that authority was granted by the copyright holders to protect their interests.

Despite all of the above, on January 18, 2019, Chisinau Court of First Instance, Judge Oksana Parfeni, ruled in favor of Radio Star, accepting all their fabricated evidence as reliable, but denied Matvil Corp representatives the right to hear IT experts / specialists and also denied the right to hear those persons who allegedly gained access to the service.

If the court were objective and impartial, then these adversaries would be asked only one question: “For what reason and why did they use ExpressVPN program, used American IP addresses, with location in New Jersey, USA, and did not try to log in on Matvil Corp website under valid Moldovan IP addresses? ”

On February 2, 2019 lawyer Matvil Corp appealed the decision of the first instance, however, even here Matvil Corp had to face partiality.

On April 5, 2019, that is, after 2 months, Chisinau Appeal Chamber issued a Decision, which decided to return the appeal because it was filed by an unauthorized person. The reason for this decision was a banal and completely illegal motive: the power of attorney issued to the company’s lawyer was allegedly not legalized in the Ministry of Foreign Affairs of the Republic of Moldova.

It should be noted that this Decision was not sent to Matvil Corp lawyers until May 15, 2019 (apparently it was concealed in order to have the appeal dates expire). Only after applying with an official statement and demanding to indicate at what stage the filed appeal was, the court deigned to issue this Decision.

On the same day, May 15, 2019, the lawyer filed a protest against the Decision dated April 5, 2019, where it was decided to return the appeal, and on June 6, 2019, the Higher Trial Chamber of the Republic of Moldova ruled that the power of attorney was legal, and therefore obliged the Appeals Chamber to consider on its own merits the appeal about the decision of the first instance of the Court.

Thus, the first ray of hope for the objectivity and honesty of the Moldovan Judicial System appeared.

November 14, 2019 – The Appeal Court acknowledged the fact that Radio Star (Moldova) does not have any exclusive rights to broadcast TV programs and does not have the authority to protect the interest of copyright holders and, as a result, reversed the decision of the first instance and dismissed adversaries’ lawsuit.

It seemed as though that justice has triumphed!!!

However, the miracles of the legal / judicial system of Moldova continued.

Just by accident and thanks to the vigilance of the lawyers, it became known that Radio Star submitted cassation appeal to the Supreme Court of Justice on January 14, 2020.

This information appeared on the court’s website, but until today, neither Matvil Corp nor the company’s lawyer have received a copy of this complaint and have not been officially informed of its existence.

Moreover, on March 18, 2020 this complaint has already passed the admissibility procedure, and the review itself is scheduled for May 20, 2020 and, what is noteworthy, without the participation of the parties!

This series of non-compliance with the requirements of the Law by the system itself, which was created to protect it, shows that it serves the interests of a certain group of people.

Using the Moldovan judicial system, unscrupulous competitors try to destabilize the business and cause serious financial and reputational damage to American and Canadian companies that do not conduct and did not intend on conducting business in Moldova.

There is a possibility that a decision will be made to satisfy the decision of the first instance of Court and unreasonably blame Matvil. The company will be deprived of the opportunity to do anything in its defense due to the fact that this will be the last court hearing if the case is not returned to the Court of Appeal.

Given the unreliability, doubtfulness, and bias of the Moldovan judicial system, which allows for the concealment of information or neglects objective facts (visible to the naked eye and not requiring special knowledge), Matvil is not convinced about the objectivity of examination of this completely falsified court case.

If the Supreme Judicial Chamber of Moldova decides in favor of Radio Star Ltd, this will be another glaring evidence of the complete collapse of the Moldovan judicial system.

Media contact:
Mykola Skrynnyk
nick.s@matvil.com

Matvil Corp. Fights the Illegal Actions of the Legal System of Moldova

A case of intellectual rights dispute shreds light on the corrupt legal system of Moldova

Toronto, Ontario, Canada, 2019-Jun-22 — /REAL TIME PRESS RELEASE/ — As one of the leading online ethnic TV providers, operating in North America, Matvil Corp. discovered, there is no reliable system in place that protects legal broadcasters from dishonest competition. In their attempts to enter the US and Canadian markets, Internet pirates commit fraud and manipulate data in order to influence the corrupt legal system of Eastern European countries and try to destabilize the operation of successful companies, cause financial damage and hurt their reputation.

The case Radio Star Ltd. against Matvil Corp. is a vivid proof of such practices. On June 8, 2018, Radio Star Ltd. filed a lawsuit against Matvil Corp. in the court of Chisinau, Moldova, stating that the latter illegally broadcasted a number of Russian And Ukrainian channels on the territory of Moldova.

The evidence submitted to court in support of these false accusations were fabricated by the pretense service users: Munteanu Nicolai and Ungureanu Sergiu who accessed the service pages targeted for users based in the US and Canada while being physically present in Chisinau (Moldova). They registered at Matvil website, created user accounts and through ExpressVPN were able to use American IP-addresses.

Through these illegal manipulations they made screenshots of content available only to North American users thus creating a false evidence of copyright infringement that was later submitted to court.

This tactics of deceiving the court was a success and the judge Oxana Parfeni ruled in Radio Stars’ favor, failing to provide the reason for doing so, despite the obviously fabricated proof submitted by the Plaintiff.

This could possibly be seen as a technical ignorance hasn’t it been for the fact that the attempt to appeal the ruling that followed was denied by the Court of Appeal by the judges Marina Anton, Vitalie Kotorobay and Ion Tzurkan who explained that they denied the motion to appeal based on the fact that Matvil’s attorneys did not have the authority to represent Matvil even though previously no such doubts were raised by the judge Oxana Parfeni in trial court.

The suspicions that the judges were biased were first raised when the judge of the trial court Oxana Parfeni denied a request of Matvil’s attorney to interview technical experts who were ready to submit an undeniable proof of the fraud nature of the evidence submitted by the Plaintiff and to incorporate this evidence into the case.

The second fact that caused the suspicions was a failure of the Judge to justify her decision in the verdict.

The third evidence of the failure of Moldovian legal system to comply with the Law is the fact that when the motion to appeal was submitted into the Court of Appeal the decision to deny the appeal was not sent to Matvil’s attorneys who had to find out about this illegal decision only after it was made public thus intentionally depriving Matvil’s attorneys’ of the opportunity to appeal this decision directly in the Court of Appeal which is an outrageous disregard of the basic legal norms.

This series of failures to comply with the requirements of the Law by the very system that is designed to protect it shows that it serves interests of a certain group of people.

Using the corrupt Moldovian legal system dishonest competition is trying to destabilize the operation, harm the reputation and cause financial damage to the US and Canadian companies which have never operated on the territory of Moldova and have no intention to do so in future.

We’ll see if the Supreme Court of Justice of the Republic of Moldova will stop these illegal actions.

If you would like more information on this topic, please contact Mykola Skrynnyk at nick.s@matvil.com

Contact-Details:
Mykola Skrynnyk
nick.s@matvil.com