could anyone give me any inputs on legisi or greg mcknight?

[Ronny]

I can't acces the legisi forum anymore, it's gone :0(
somebody else have the same issue ?

http://206.225.92.43/phpbb2/


I think it is time to get out of legisi since Matt is looking for 2 million of fresh capital to compensate for the seized 1.7 million but at the same time , he is supposed to be retired ?!
http://mazu.com/offer.html <> http://mazu.com/specialoffer.html

http://talkgold.com/forum/showthread...=5129&page=142

Till now I have always been paid but now it is probably time to get out.

[TrackNel]

Ronny,



Your link is not the right one ;


http://www.talkgold.com/forum/showth...51291&page=149

That special offer from Matt, a slippery crook, got removed a few days after he posted it on his website

[berg]

I've been a member of Legisi since september 2006 and I have always been paid untill now. All I know is that the Legisi site is down and I cannot acces the Legisi Forum either. And Greg doesn't reply any emails. I don't know what is going on, but I choose to give it a little more time. There is not so much to do anyways. By the way I have a rather big amount of money in Legisi that I risk loosing :-(

[7blade]

Legisi is now COMPLETELY private with access ONLY to members. Try calling for confirmation...you DO have the contact number don't you? Leave your ID and a valid email address and you will be contacted once the information is confirmed. Also, you DID send them the forms they asked for, right?

[morpheus961]

Originally Posted by 7blade

Legisi is now COMPLETELY private with access ONLY to members. Try calling for confirmation...you DO have the contact number don't you? Leave your ID and a valid email address and you will be contacted once the information is confirmed. Also, you DID send them the forms they asked for, right?

I'm not sure what your point here is 7blade - You're certainly speaking in riddles and not helping anyone. The contact number for Legisi is readily available at legisimarketing.com/contact.html.

As to the forms that Greg wants you to send (convenient that he forgot to get them before), I'd think twice before that happened.

Remember, Legisi was all about OFFSHORE, E-GOLD, and every other way to avoid the IRS. You also had to promise that you weren't any kind of government agent. Not quite the "compliance" guy that he seems to be anxious to become now - wonder why????

It seems like 7blade is playing the G. McKnight "blame the victim" game here. Could be Greg himself.

[morpheus961]

For what its worth - probably not much....

I make no statements as to the accuracy, truthfulness, or even the original poster's intentions.

However, it is interesting reading and there are elements of facts that have been previously proven via independent sources.

So - ENJOY!

Originally Posted by Allegedly from the Legisi Forum

Greg sure seams like a saint
Here is the report that was posted on the Legisi forum yesterday (Believe what you want and throw most of it away):

Official Report
Delegation Meeting
February 11, 2008
10am-3pm
Legisi Home Office
Flint, Michigan

Purpose
A delegation of 11 individuals, all members of the loan program Legisi, met with Mr. Greg McKnight and Ms. Danielle Burton, officers of Legisi, as part of a fact-finding mission, to discuss the current status of the company in relation to its financial holdings and plans to pay all Legisi members their account balances.

Issues
The delegation came up with a list of several questions posed by a number of Legisi members compiled by Mogama and organized topically under 8 categories: (1) Assets, (2) Liquidation, (3) Repayment, (4) Investigations, (5) Communication, (6) Litigation, (7) Continuity, and 8., Other.

Layout of the Report
Prior to answering questions, Greg opened the meeting by expressing appreciation for the patience of the membership. The irony of the situation is that, while members’ frustrations levels are at an all-time high, with a few lawsuits already filed, there is actually good news on the horizon that can be verified in terms of Legisi’s assets. Liquidity is slowly getting underway. Many more comments were made by Greg followed by a barrage of miscellaneous questions. After several minutes, things settled down and the agenda was closely and strictly followed. For the sake of simplicity and organization, the report is presented topically rather than chronologically, centered upon 8 categories and then summarized into 4 important accomplishments resulting from the meeting.

1. Assets, Value, Evidence to Verify
The location of Legisi’s assets is as follows: (1) Real Estate, (2) Commodities, and (3) Stocks in 6 companies.

The value of both real estate and commodities is not known, but they are comparatively small in relation to the company stocks. The great bulk of Legisi holdings are in 6 privately held companies, two of which we know: TTSR and PC Universe. The holdings in these two companies are a matter of public record.1 One of the companies in question is part of the growing Homeland Security industry, and as such, shows great growth potential. Greg engaged in thorough research of these companies and their promise for growth before investing with them.

While Greg was initially reluctant to show us anything in relation to the assets held by Legisi, an agreement was reached whereby Greg would give only Mogama evidence of the existence of the six companies and some proof with regard to their holdings, as long as Mogama would sign an NDA (non-disclosure agreement). Thus, Greg gave Mogama the names of all the companies where Legisi funds are located, showing him stock certificates for some of the companies, but not all of them. He did not give Mogama information regarding the number of shares and dollar values for any of the companies. However, Mogama was permitted to do his own research to find that information. Two of the companies whose stock certificates Mogama did not see are involved in reverse mergers.

Information regarding the value of the assets and the names of all the companies was not disclosed by Greg due to attorney-client privilege. It is not because Greg is unwilling to share this information, but because of the ongoing SEC investigation. He risks compromising sensitive information that could be used to the detriment of Legisi.

Much of the discussion involved technical language and concepts that some delegation members (including the author of this report) were not familiar with: warrants, pipe (private investment in a public entity), pink sheets, reverse mergers, etc. 2

While we do not know the value of most of these company holdings, Greg assured us that there is enough in TTSR to pay everyone their principal balance if the share price rises, with more than enough in the remaining companies to pay everyone their full account balance as of September 2007. 3

2. Liquidation of Positions
Greg emphasized repeatedly that the issue is not the lack of funds, but the timing of the availability of those funds. This refutes the widespread myth that Greg is sitting on millions and millions of dollars worth of stock not paying anyone but using it for his own purposes. He is not. The cash flow is currently a trickle, but as the cash flow increases substantially, the repayment process can begin. Certain positive signs seem to point to the possibility that, in addition to the paying out of TTSR, two other positions (companies) could be available sometime the end of March or early April. More specifically, a liquidation plan for TTSR’s holdings will be set up with the brokers so that members will begin to get their September 07 funds back.

The question regarding reserve funds has a history. Back around midyear 2007, the U.S. government seized, illegally and without due process, 58 e-gold accounts, including Legisi’s three e-gold accounts.4 The total amount of Legis’s accounts was the largest of them. This action was done by the U.S. Attorney’s office (not the SEC). Greg’s lawyers are presently preparing an oral argument to claim the funds were seized illegally, in violation of constitutional rights. With the e-gold accounts frozen, part of Legisi reserves was gone, which set in motion the problems we have today, considering the subsequently great increase in the value of gold.5

3. Liquid Funds; Repayment
Greg stated that he wanted all of us members to get every penny they deserved. The development of an equitable repayment plan is in process and will be discussed next week with Greg’s brokers. It may take up to a year to pay everyone off because of (1) the large number of shares and (2) the large number of Legisi members, which is about 3,000.

Not all of the shares can be sold all at once without having a detrimental effect on the company’s stock price. As indicated, cash flow is the primary concern but also company value. As the weeks unfold, more and more of the companies’ stocks will be in a sellable condition.

It is possible that everyone could receive their principal, the original amount loaned at the time they joined the program as well as any subsequent loan, within 6-8 months. However, considering that Legisi has 3000 members, it may take a year to pay all of them their entire account balance. This should not go beyond one year.

Understanding the priority of the payout plan is important: principal will be paid back first (the original loan amounts), followed by interest later. The process could get underway within several weeks to four months.

4. The SEC
The primary reason why Greg is not able to communicate directly to the membership in any form, including the forum, has to do with the ongoing SEC investigation and the legal advice not to post.6 In the past, information from the forum had been leaked to the SEC, including Legisi requests for W-9s, which was one among several items subpoenaed by the SEC. The subpoena included copies of transaction logs, account numbers, the flow of funds, and the W-9s (by the way, requesting the W-9s from the members was NOT a stall tactic).

The SEC meeting in Chicago on January 23 was handled in such a way by Greg and his attorneys that the SEC does not know anything more than it did prior to the investigation.

Greg’s objectives are to comply with every request, but not “over-comply.” He wants to delay things as long as is legally possible in order to pay everyone their account balance.7 Once the membership is reimbursed, the SEC investigation can run its course, whatever the outcome.8

No Legisi accounts have been frozen by the SEC, and no other agencies are involved in any investigations at this time.

5. Regular Communication
Greg stated emphatically that he has always considered communication with the Legisi membership to be vital and freely admits his failure to do so. He has always wanted to communicate but had been advised not to. Despite this, Greg did post in the past and his words would get twisted and misinterpreted in the forum, or there would be complaints about the lack of substance, or his words would be leaked to other forums, or his words would be misused in other ways. The delegation suggested he could post and still follow the gag order, as long as Greg did not address legally sensitive subjects, such as assets. However, since the status of Legisi assets is the major topic most people want to talk about, there was no reason to post, in view of the fact that Greg is prohibited by his lawyers to talk about company positions. Moreover, it seems superfluous to answer 1000s of the same questions every day as to the status of Legisi’s holdings, especially when there is nothing new to report.

It was mentioned to Greg that it should be no surprise that 3000 members would get highly agitated if they heard nothing from the administrator for weeks on end, and that Greg’s good faith efforts to avoid the “scam” label is defeated by this lack of communication.

A solution was proposed, Mogama was appointed to be Greg’s spokesman, so that anything reported in the Legisi forum would come from Mogama and not Greg. The plan would be for Mogama to contact Greg every Monday morning for any updates regarding Legisi and the progress of payouts. Mogama in turn will post in the Legisi forum using his words, not Greg’s, thereby resolving the issue of directly quoting Greg. Mogama will show his post to Greg first to insure its accuracy. If there is any substantive news that comes out prior to the next Monday, Greg will contact Mogama. All agreed that would be a large psychological boost to the membership.

A discussion also ensued regarding the website. It was urged by several delegation members that access to the website, making account balances available to the membership once again, would also be a huge psychological boost. Greg was initially reluctant to do this, considering that such a move could be exploited in a harmful way. However, in the end the pros outweighed the cons. Greg will consider putting the website up again, but will first disable the deposit/withdrawal functions, since they are no longer relevant.

The reason the server was moved offshore was to prevent Legisi’s vital records from being seized by the U.S. government. The forum was not moved offshore because of the runaround Greg kept getting from the Panamanian servers.

6. Lawsuits
Greg is aware of the 2-4 lawsuits pending against Legisi. The fact that he settled with one member is not to be taken as a precedent that he will settle with other litigants, because this particular member’s account was relatively small, and it was less costly for Greg to settle than to dispute this particular case in court. He made it clear he is NOT planning to settle with any more people. Lawsuits will be defended vigorously. He is aware that civil lawsuits can take a very long time, up to five years.

7. Continuity
In the event of Greg’s demise, he has prepared Danielle, Ryan, and others to run the program. They know where the money is and what to do, hence, a contingency plan is in place. Particularly, Danielle knows the goals. As a corporate officer in Legisi, she knows how to instruct the brokers.


8. Other
This section of the agenda covered miscellaneous questions and issues submitted by the members.

Accomplishments of the Meeting
Four vital issues were addressed and an understanding was successfully reached between Greg and the delegation.

Assets
A compromise was reached whereby Greg would not show the assets to the delegation in general, but would reveal certain sensitive information to Mogama, under the condition that the latter would sign an NDA, information Mogama can independently verify at a later time.

Communication
It was agreed that Greg would communicate at least every Monday morning, but would do so only indirectly. He would give information to Mogama, who would then capture the gist of Greg’s report by putting it into his own words, and then report to the forum. If breaking news occurred prior to any given Monday morning, Greg will contact Mogama.

Website
Greg is very open to making the website available within the next couple of weeks, as long as irrelevant functions such as the deposit/withdrawal features would be disabled.

Payout plan
Everyone agreed to a fair and equitable payout plan, the details to be worked out later.

Respectfully submitted,
Donald Mills


ENDNOTES
1 For example, Legisi owns over 40% of TTSR, information that is readily available via internet search.
2 It is hoped that perhaps Greg could give us a glossary of these terms to help the membership understand more clearly what is involved, especially to answer the questions of those Legisi members who are experts in this area. A short summary by Greg, spoken in general terms, with regard to Legisi’s holdings, would also be helpful.
3 Greg mentioned that, while TTSR is by far the largest holding (Legisi holds over 40% of the company), it is not the most lucrative.
4 The reason Legisi had three e-gold accounts was due to the $100,000 daily limit per account. Greg needed to withdraw $300,000 per day to move out to brokerage accounts.
5 Legisi has no bank accounts, the only accounts were egold and ebullion.
6 It is for the very same reason Danielle cannot post as she is also an officer of the corporation. Danielle deletes posts for legal reasons because she cannot leave them there. Greg showed the delegation a note from the attorney that he was not allowed to post.
7 The SEC moves slowly, given the size of the organization.
8 Greg intentionally set up Legisi Holdings LLC as an offshore corporation (Nevus, West Indies) so as not to be subject to U.S. securities laws. Greg admits, however, that he underestimated (or was misadvised as to) the extent of jurisdiction the U.S. claims it has.

[littleroundman]

Looks like PLPicard and the other cheerleaders were wrong - as usual.

Greg McKnight was indicted yesterday and a receiver appointed.

See the complaint here: http://www.4shared.com/file/46828811...omplaint.html?

and the Greg McKnight deposition here: http://www.4shared.com/file/46829701...position.html?

page 1 - 49 of the 249 pages supporting deposition here: http://www.4shared.com/file/46862011..._1_to_49.html?

page 17 of the supporting deposition, detailing significant payments: http://www.4shared.com/file/46862029...lly_pg17.html?

[Irishman]

I am quite surprised at what I read about Greg. I really thought his heart was in the right place when he started Legisi. It's obvious he lost his way somewhere along the way. If even 50% of what he is accused of is true, I am very disappointed in him. He turned into just another scammer running a ponzi. And now he and his family and some friends will go down with his ship. Sad. Very sad.

[Michael_1028]

I have met McKnight. Yes, he is a real person. Looks professional but has not made good choices. His last deal before his assets were frozen was to purchase millions of shares of Brekford International (formally Tactical Solutions) which at this writing was trading for 3 cents! This stock has fallen to almost nothing. Even board member Jon Poling resigned and stated the current executives of the company do not have the skill set to lead the company to profits. Good luck with any dealing with McKnight or Legisi.

[morpheus961]

Michael_1028's comments are borderline bizarre....

McKnights assets were not "frozen", they were SEIZED by the SEC.

But not before Greg siphoned money from investors to pay for vacations, expensive cars, his daughter's college education, and a whole lot of Omaha steaks. Even while Legisi members were barred from getting their own money out of the program, he was quietly taking millions for his own use. (Anybody figure that he kept a few million stashed away in Nevis)???

Legisi is in liquidation, McKnight is facing indictment for running a Ponzi scheme, and many Legisi members are facing financial ruin.

Brekford, PC Universe, dodgy land deals in Florida - all have an interesting interconnection with Boca Raton attorneys, investment "advisors", and many other characters.

Bottom line - Legisi was a scam from day one, and will be a scam until the last day of it's existence. There will be no redemption for McKnight and his cronies.

For more information, go to www.xroadscms.com/mcknight to read the legal unravelings of this program.

[Michael_1028]

Bizarre?? It sounds like you may be a little too close to the situation. Actually, most of what you said I agreed with. McKnight made bad choices and is paying for them. He took money and then made bad investments, Like PC Universe and Brekford(Tactical Solutions - TTSR). He owns 40% of Brekford and with one or two more stockholders, could have control over the company, which is what it needs. It is a good company bud with poor Executives and will never move forward. I will be curious to see what happens with his shares.

[morpheus961]

Originally Posted by Michael_1028

Bizarre?? It sounds like you may be a little too close to the situation. Actually, most of what you said I agreed with. McKnight made bad choices and is paying for them. He took money and then made bad investments, Like PC Universe and Brekford(Tactical Solutions - TTSR). He owns 40% of Brekford and with one or two more stockholders, could have control over the company, which is what it needs. It is a good company bud with poor Executives and will never move forward. I will be curious to see what happens with his shares.

Closer to this "situation" than you apparently. I feel like I've been teleported by JLPicard into a time warp. Your news is old and incorrect. Perhaps a year ago this argument would have had some small element worthy of debate, but not today.

A few FACTS that might clear things up for you:

- Mr. McKnight NO LONGER CONTROLS his 40% share of Brekford - like AIG, the SEC/Federal Government is now in control of those shares.
- Mr. McKnight VOLUNTARILY chose not to defend against the SEC's actions, by NOT PROVIDING A DEFENSE regarding the SEIZURE of Legisi assets by the government.
- Mr. McKnight has/had NO experience in running a real company, private or public. Obviously.

Mr. McKnight's bad decisions boil down to the choices he made to defraud the people he "borrowed" from.

If you really want to "deep dive" into this, check out the linkages between PC Universe, TTSR/Brekford, Bruce Rosetto, the real estate deals in Boca Raton, and brokerage/investment firms in Boca Raton. Exploring that if you are so inclined, will keep you busy for weeks.

Unless of course, you are a party to one of those entities that I mentioned, then you will of course once again tell me I am "too close" to this situation. Having never invested with Mr. McKnight, I have the privilege of viewing this through a lens not distorted by $$$$ in losses because of the deception of McKnight, Gagnon and company.

In closing, you seem to be extremely interested in the TTSR investment. Perhaps you are a shareholder, management or even officer of Brekford. If so, you should strongly consider NOT commenting regarding your public company's performance. This thread is easily Googled, and I'll keep replying every time you post, so that we can keep the dialogue going and keep this at the top of the search engine lists.

Have a great day and thanks for posting!

[Michael_1028]

I agree with everything you said. When I said he had 40% of Brekford/TTSR I was speaking of course what he had bought. I am not as close as you think but do know some of the parties. You are correct, PC/TTSR do have a strange link to Florida. I think Brekford was doing a Pump and Dump with McKnight. I wish I knew what the link was with Florida. Could it be Alan Goddard or is it the attorneys in Florda? Any news would be appreciated. My point was McKnight made bad decisions and that if someone was to by all his shares, they could have control of a company.

[morpheus961]

Originally Posted by Michael_1028

I agree with everything you said. When I said he had 40% of Brekford/TTSR I was speaking of course what he had bought. I am not as close as you think but do know some of the parties. You are correct, PC/TTSR do have a strange link to Florida. I think Brekford was doing a Pump and Dump with McKnight. I wish I knew what the link was with Florida. Could it be Alan Goddard or is it the attorneys in Florda? Any news would be appreciated. My point was McKnight made bad decisions and that if someone was to by all his shares, they could have control of a company.

Thanks - and if I sounded a bit harsh, it's because I've been following this for some time, and found the "other side" to be a bit abusive and subject to "malfeasance" in their defenses of Legisi.

The Florida connection? Bruce Rosetto, the brokerage firms in Boca Raton, and the long history of Boca Raton area penny stock swindlers.

You are dead on about the Pump and Dump. Unfortunately, I think that the timing was bad for McKnight. He fully intended to run a pump and dump on TTSR. The wild swings in this thinly traded stock scream "P&D". They just could never figure out how to pull off a second one before everything went down the toilet.

Remember (or look at the investigator's documents), Greg got a visit from some Michigan investigators in May - right after the TTSR buy. When you're being watched like a hawk, it's probably not time to commit yet another felony. Of course, Greg forgot to mention the investigators coming by, or his bad habit of boasting about how wonderful he was. He just let Legisians continue to believe in his innate goodness......

Back to TTSR/Brekford. I don't really care what happens to that company. What I do see is that they can't seem to keep their stock price up (even before the recent crash). A small company like that knew EXACTLY who they were getting their ******* from, no doubt about it. I guess we reap what we sow....