Canada-Complaints.com » Internet & Web » Complaint / review: Alphacom Corporation, Now TVE Corporation - Alphacom Corporation, Aka TVE Corporation con artist fake, deceptive company, fraud business, scammed None of their claims ever materialized | #25872

Alphacom Corporation, Now TVE Corporation
Alphacom Corporation, Aka TVE Corporation con artist fake, deceptive company, fraud business, scammed None of their claims ever materialized

The owner of Alphacom Corporation (now known as TVE Corporation, ticker - TVEO) until March 20, 2003 was William Alan Montgomery, aka Bill Montgomery, aka Bryan Kos.

This man lives at: 1 Palace Pier Court, Unit 4606, Toronto, Ontario M8V 3W9.

Alphacom Corporation is registered in the State of Delaware.

It claims to be in the learning software i.e. publishing business.

There is no evidence that this company has ever been operational in this business. The previous owners, prior to Bill Montgomery, were in the learning software distribution business.

Bill Montgomery claimed that the corporate/executive headquarters and offices for Alphacom Corpoartion were at:

3044 Bloor Street West, Suite 210, Toronto Ontario Canada M8X 2Y8. This is a rental mailbox at Mailboxes Etc.
The phone number on the company website, when it was up in 2001, has never worked.

Shares have been sold around the world, particularly in the U.K. and U.S. including a major direct cold calling campaign over the telephone using a company called Norwich Capital Mutual Funds. This company claimed to be operating out of Nevis in the Caribbean. Bill Montgomery is known to have business connections there.

Investors have reported that numerous claims were made including:

1) there was an impending deal with Sony Corporation in July 2001,

2) a major deal had been signed with Fujitsu in July 2001,

3) Broker Charles Schwab bought up six million shares in July 2001 and other claims that never materialized,

4) that the company was being taken over by Sony in November 2001

5) that the company was being taken over by AOL Time Warner in January 2002

Some of these claims were 'guaranteed' to result in major price increases or at worse a one-for-one stock transfer to the company taking over AlphaCom.

None of these claims ever materialized.

Bill Montgomery uses other company names including:

The WebInterchange Inc.
Stellar Distribution Services Inc.
Portal Opportunities Inc (registered in the Caribbean)
The Internet Data Company (Caribbean) actually operated from Toronto
1476848 Ontario Inc.

Other business interests: www.myowncasino.com
www.gazette.kn (The Offshore Gazette)

The above two websites had the appearance of being pyramid schemes.

www.luckysearch.com
www.erotic-introductions.com
(Toronto-based escort service)

A second individual assisted in most or all of the above businesses i.e. as a web designer and partner: Paul Munson also of Toronto, Ontario Canada. Paul Munson was also Chief Technology Officer and a director of Alphacom Corporation.

There were two successful lawsuits against Bill Montgomery both in Toronto Small Claims Court.

On March 20, 2003, Bill's personal holding company, 1476848 Ontario Inc. sold controlling shares of the company to Bruce Cohen who lives at:

8006 SW 21st Court, Davie, Florida U.S.A.33324

Mr. Cohen's home phone is: 954-472-2078

Mr. Cohen has changed the mailing address to another Mailboxes Etc. address: 599-B Yonge Street, 317
Toronto, Ontario Canada M4Y 1Z4
Phone: 416-783-9553

It is unclear whether Bill Montgomery is still actively involved in the company, but he does own shares.

On April 4, 2003 Joseph Stiuso was given 993, 497 shares of Alphacom Corporation to compensate him for consulting services (financial consulting, mergers and acquisitions, long range planning and development) totaling over $81, 000 USD.

Mr. Stiuso lives at: 273 Clinton Street, Toronto, Ontario Canada
Home phone number: 416-534-6255

If he has an office, it is unknown.

John
London
United Kingdom

Date:

Company: Alphacom Corporation, Now TVE Corporation

Country: Canada   Province: Ontario   City: Toronto
Address: 3044 Bloor Street West, Suite 210

Category: Internet & Web

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