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THE WORST BUSINESS CEOS IN AMERICA
Mired in financial and legal trouble, Talos Partners CEO, Robert V. Brazell tops our list
NEWS TO HELP INVESTORS AVOID TAKING A BEATING
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EXPERT REPORT SAYS ROBERT BRAZELL VIOLATED SECURITY LAWS AND THAT ACTIONS HAVE "EXCEEDED NEGLIGENCE AND HAVE RISEN TO A LEVEL OF FRAUD"
An expert witness (with over 50 years of legal and securities law experience) Lewis H. Sandler, a graduate of Columbia Law School and Partner in the law firm of Sandler Siegal PLLC, has provided an expert report on securities transactions and agreements Robert Brazell has been involved in as CEO of In-Store Broadcasting and other entities.
His findings (in a document that spans 114 pages and provided as an exhibit in one of Rob Brazell's current law suits), note that Officers and Managers of LLC's "owe certain duties to their security holders and that these minimum standards prohibit against self-dealing and the exercise of corporate opportunity to the detriment or disadvantage of the other Members of the limited liability company". He finds that;
- Rob Brazell at a minimum has ignored these standards
- Rob Brazell has intentionally cast aside other standards
- Rob Brazell has breached his fiduciary duty and contract
- Rob Brazell has violated applicable securities laws
- These actions are repeated offenses and Rob Brazell's "modus operendi"
- Rob Brazell's actions exceed gross negligence and have risen to a level of fraud
Below is an excerpt from the document (Exhibit C6) and highlights some of his findings.
Note that similar claims of violations of securities laws and breach of fiduciary duty and contract have been made in the Investor Fraud Lawsuit that names Robert V. Brazell, former Senator Robert "Bob" W. Kasten, Von H. Whitby and others.
Much more information to come on this extensive document and the case.
Forbes says a CEO should above all protect investor share value
Robert V. Brazell tops our list of small business CEOs that fails time and again to provide returns, while living high off investor's money. Now mired in legal and financial trouble, the truth about Rob Brazell is finally reaching the market where potential investors can make better and more informed decisions before putting their money at risk.
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