Internet Marketing 101


Joe Elkind Ft Lauderdale
 and John Bennett went into business in 1997 and formed a company called, Net Management Services, Inc. Net Management Services, Inc., was an internet adult entertainment company. The company experienced explosive growth initially grossing some $600,000 in its first year and then, in its last year some time in the early 2000’s it was grossing approximately $4 million dollars monthly. The company was also highly profitable. The financial documents showed that the company was netting approximately $1 million dollars a month.

At or about the time when it was doing these types of sale figures, Mr. Bennett and Mr. Elkind retained Becker Poliakoff and attorney Richard J. Allan Cahan, for the purpose of what they believed was lawful tax avoidance and lawful asset protection.

Mr. Cahan sold them on what could only be described as a harebrained scheme whereby, they essentially sold the company to themselves. He formed a Bahamian trust for each of Bennett and Elkind. Each trust was the beneficial owner of a company above it which was owned by a Cayman Island hybrid corporation above it. These Cayman Island hybrid corporations ultimately owned the assets of the original Net Management, which had been sold to Virtual World Holdings, which was a company owned through this scheme. Mr. Cahan recommended to Mr. Bennett and Mr. Elkind that the appropriate trustee for these trusts should be the Private Trust Corporation in the Bahamas.

After this ownership scheme was put into place, Mr. Bennett, with the direct assistance of Mr. Cahan, used the ownership scheme which was commonly referred to as the term “Breakers Structure” to exclude Mr. Elkind from the business.

As a result, suit was brought in the United States on behalf of  Joe Elkind Ft Lauderdale and it was sent to the Bahamas as the ownership agreement, which controlled the relationship between the parties, the Omnibus Ownership Agreement provided that all disputes had to be settled by arbitration in the Bahamas. The arbitration in the Bahamas proceeded but was never formally tried after a series of legal maneuvers in the United States. Mr. Bennett sued Mr. Elkind for battery. In that case, the Court ruled that Mr. Elkind had the right to do discovery of all the financial information in the United States because of Mr. Bennett’s lawsuits.

As a result, this was all done while the Private Trust Corporation held legal ownership of Mr. Elkind’sinterest and owed him a fiduciary duty. When discovery was had, it revealed that Mr. Bennett had been siphoning off assets from the Breakers Structure to various other mirror structures and other companies that Mr. Bennett had been setting up with the help of Mr. Cahan. At the end of the day, Mr. Elkind was forced to settle with Mr. Bennett without  full detailed evidenced financial information, for a payment from Bennett to Elkindin the amount of $18 million dollars.

After we completed the case against Mr. Bennett, we proceeded against Richard J. Allen Cahan and Becker Poliakoff, they, like the Private Trust, were carved out of the release. That case was settled for the limits of Becker Poliakoff’s liability insurance of $5 million dollars. Incident thereto, we had a valuation done of the company but not including Mr. Bennett’s diversion of assets and theft of funds prior to the case. It placed the value at $120 million dollars, which meant that Mr. Elkind’s interest was valued at $60 million dollars. Adding in the stolen entities by Mr. Bennett, the corporation had an estimated value of $400 million dollars at the time of the diversion of assets and entities.

In proceeding on the case against Mr. Cahan, we were provided with an affidavit from an attorney by the name of Miranda Monroe Evans. She was house counsel for the Private Trust Company. Ms. Evans testified that Mr. Cahan was paid kick-backs for referrals of clients to the Private Trust Company. This was a very telling fact because Mr. Cahan was clearly on Mr.
Bennett’s side as was revealed in the litigation against him. Therefore, it made clear that there was a conflict of interest that was in existence with the Private Trust Company, as they were in business with and following the instructions of, Richard J. Allen Cahan, who was favorable to John Bennett and unfavorable to Joseph Elkind.

When we settled with John J. Bennett Jr., we specifically carved out any claims against the Private Trust Company as trustee of Joseph B. Elkind’s trust. Our basis of a claim against the Private Trust Company was simple; they were Mr. Elkind’s trustee and they simply failed to protect him from the theft that was occurring when they were in control of all the assets.

Of note, I have prepared three fraud reports setting forth the evidence of Bennett’s theft. If they are of interest to you, we can provide them to you.

JB


Joe Elkind Ft Lauderdale
 and John Bennett went into business in 1997 and formed a company called, Net Management Services, Inc. Net Management Services, Inc., was an internet adult entertainment company. The company experienced explosive growth initially grossing some $600,000 in its first year and then, in its last year some time in the early 2000’s it was grossing approximately $4 million dollars monthly. The company was also highly profitable. The financial documents showed that the company was netting approximately $1 million dollars a month.

At or about the time when it was doing these types of sale figures, Mr. Bennett and Mr. Elkind retained Becker Poliakoff and attorney Richard J. Allan Cahan, for the purpose of what they believed was lawful tax avoidance and lawful asset protection.

Mr. Cahan sold them on what could only be described as a harebrained scheme whereby, they essentially sold the company to themselves. He formed a Bahamian trust for each of Bennett and Elkind. Each trust was the beneficial owner of a company above it which was owned by a Cayman Island hybrid corporation above it. These Cayman Island hybrid corporations ultimately owned the assets of the original Net Management, which had been sold to Virtual World Holdings, which was a company owned through this scheme. Mr. Cahan recommended to Mr. Bennett and Mr. Elkind that the appropriate trustee for these trusts should be the Private Trust Corporation in the Bahamas.

After this ownership scheme was put into place, Mr. Bennett, with the direct assistance of Mr. Cahan, used the ownership scheme which was commonly referred to as the term “Breakers Structure” to exclude Mr. Elkind from the business.

As a result, suit was brought in the United States on behalf of  Joe Elkind Ft Lauderdale and it was sent to the Bahamas as the ownership agreement, which controlled the relationship between the parties, the Omnibus Ownership Agreement provided that all disputes had to be settled by arbitration in the Bahamas. The arbitration in the Bahamas proceeded but was never formally tried after a series of legal maneuvers in the United States. Mr. Bennett sued Mr. Elkind for battery. In that case, the Court ruled that Mr. Elkind had the right to do discovery of all the financial information in the United States because of Mr. Bennett’s lawsuits.

As a result, this was all done while the Private Trust Corporation held legal ownership of Mr. Elkind’sinterest and owed him a fiduciary duty. When discovery was had, it revealed that Mr. Bennett had been siphoning off assets from the Breakers Structure to various other mirror structures and other companies that Mr. Bennett had been setting up with the help of Mr. Cahan. At the end of the day, Mr. Elkind was forced to settle with Mr. Bennett without  full detailed evidenced financial information, for a payment from Bennett to Elkindin the amount of $18 million dollars.

After we completed the case against Mr. Bennett, we proceeded against Richard J. Allen Cahan and Becker Poliakoff, they, like the Private Trust, were carved out of the release. That case was settled for the limits of Becker Poliakoff’s liability insurance of $5 million dollars. Incident thereto, we had a valuation done of the company but not including Mr. Bennett’s diversion of assets and theft of funds prior to the case. It placed the value at $120 million dollars, which meant that Mr. Elkind’s interest was valued at $60 million dollars. Adding in the stolen entities by Mr. Bennett, the corporation had an estimated value of $400 million dollars at the time of the diversion of assets and entities.

In proceeding on the case against Mr. Cahan, we were provided with an affidavit from an attorney by the name of Miranda Monroe Evans. She was house counsel for the Private Trust Company. Ms. Evans testified that Mr. Cahan was paid kick-backs for referrals of clients to the Private Trust Company. This was a very telling fact because Mr. Cahan was clearly on Mr.
Bennett’s side as was revealed in the litigation against him. Therefore, it made clear that there was a conflict of interest that was in existence with the Private Trust Company, as they were in business with and following the instructions of, Richard J. Allen Cahan, who was favorable to John Bennett and unfavorable to Joseph Elkind.

When we settled with John J. Bennett Jr., we specifically carved out any claims against the Private Trust Company as trustee of Joseph B. Elkind’s trust. Our basis of a claim against the Private Trust Company was simple; they were Mr. Elkind’s trustee and they simply failed to protect him from the theft that was occurring when they were in control of all the assets.

Of note, I have prepared three fraud reports setting forth the evidence of Bennett’s theft. If they are of interest to you, we can provide them to you.

4 Techniques To Boost Small Business Growth

Small Business Growth

For a small business owner, growing business is one of the top priority. It includes expanding the customer base, introducing products, increasing conversion rates, etc. Improving small business growth is not an easy job, especially, when technology is rapidly evolving in almost every industry. Today the growing business is not limited to promoting products/services, or advertisement campaigns. It includes many other important factors to consider that most business owners usually neglect.

So let’s find out a few major techniques to boost small business growth with Joseph B Elkind Ft Lauderdale – based leader.

Continue reading “4 Techniques To Boost Small Business Growth”

5 Marketers Ways To Build Better Brands

marketers-ways-to-build-better-brands

Needless to say, brand marketing tactics keep on evolving. It is necessary to build a brand that is relevant, interesting, and can engage customers. In the end, the success of a brand relies on the way all elements work together to drive results.

Let’s find out five best ways that marketers should use to build better brands with Joseph B Elkind Ft Lauderdale – based leader.

Continue reading “5 Marketers Ways To Build Better Brands”

5 Types of Digital Marketing Strategies to Lead the Market

Joseph B Elkind - digital marketing

Joseph B Elkind Ft Lauderdale – internet based marketing expert says, digital marketing is the soul of every business marketing strategy, but it does not guarantee success unless you know how to use it in the right way. Every business demands marketing strategy, but every business has different needs and requirements. If you know the right strategy for your business, you can become an industry leader.

Continue reading “5 Types of Digital Marketing Strategies to Lead the Market”

How to Social Media Marketing Boost Your Business Marketing. Explain!

Joe Elkind Ft Lauderdale - Social media

Joe Elkind says, in the digital world if you want people to recognize your business, you need to enhance your social media presence. Today, social media is an easy platform to engage with potential customers, increase awareness about the brand, and boost sales. No doubt there is huge competition in the corporate world. To compete in such a competitive environment you need to think out of the box.

Continue reading “How to Social Media Marketing Boost Your Business Marketing. Explain!”

5 Reasons Why Choosing Internet Marketing Is a Great Idea

Internet Marking

Internet marketing is one of the popular names in the corporate world. Various internet marketing experts including Joe Elkind Ft Lauderdale believes that internet marketing should connect the seller and the buyer t with ease. Today, most of the business engage a digital marketing platform to reach their target audience as it nurtures the relationship between customer and the seller. Also, it helps a company to grow their brand and product demand across the world.

Continue reading “5 Reasons Why Choosing Internet Marketing Is a Great Idea”

Narrative on Joseph Elkind

Joe Elkind Ft Lauderdale and John Bennett went into business in 1997 and formed a company called, Net Management Services, Inc. Net Management Services, Inc., was an internet adult entertainment company. The company experienced explosive growth initially grossing some $600,000 in its first year and then, in its last year some time in the early 2000’s it was grossing approximately $4 million dollars monthly. The company was also highly profitable. The financial documents showed that the company was netting approximately $1 million dollars a month.

Continue reading “Narrative on Joseph Elkind”