Originally he was employed by Monroe Parker - a mob controlled Boiler Room in New York. After some FSA warnings and fines he moved to the Costa del Crime in Spain and was employed by N.C.R - another
"I raised a lot," Dannenberg said, but noted that the money wasn't headed for a direct investment in iDigi. His job for his entire 13 months at N.C.R. was selling the iDigi Fund, an offshore entity into which N.C.R. plunked 1.3 million shares of iDigi Communications that it bought from Mooers.
After an initial meeting with Zafiroff in Sarasota, Mooers traveled to Marbeya at least twice and made at least one presentation on iDigi to the N.C.R. brokers, Mooers said.
"Rick Mooers came here to Spain," Dannenberg said. "He knew all about it. He knew he was getting pennies on the dollar for iDigi. Yes, he knew it was called iDigi Ltd. He gave a speech to all of us.
He mentioned the fact that it was a boiler room. He didn't want it to be a boiler room. He was saying this was not something that was a boiler room deal, but it was. He was just giving us a story to go on."
In its suit against iDigi, the Icelandic pension fund is more specific about the N.C.R. scheme. The suit claims N.C.R. raised $10 million from numerous investors in Europe. "N.C.R. received approximately 50 percent of these funds as its commission or fee," the suit said.
So the iDigi Fund, was a scam of a scam. 50% of the cash going straight to an offshore account. This is a scheme that Dannenberg returns to again, as we shall see.
After N.C.R. was closed down Dannenberg goes freelance, selling the shares of xG Technology, whilst projectile vomiting about xG all over the internet. Some of his ramping about xG going to $100 a share would make a psychologist gasp. (Check out the back records of iii.co.uk and look for Marcsanpedro.) All the time he was ramping on the bulletin boards and attacking any critic he was selling xG shares to unfortunate investors - even though he was not licensed, or ‘officially’ employed by xG. But these shares weren’t free market shares. Oh no. These shares are ‘Regulation S’ restricted shares owned by one of the xG Directors Palmi Sigmarsson.
Let’s pause for a minute.
Let’s think just how illegal and downright dodgy that is.
These are directors shares, that can’t be sold for at least a year after lock up. Yet Marc is selling them with the full knowledge of a director. A DIRECTOR of the company. This avoids any stock market announcements about Directors dealings. He’s selling them for HALF the then market rate. HALF. How much confidence is the said director showing in his company turning a profit? Umm. None. He knows they have nothing. He’s selling up. After lock-up he then ends up shorting his own company...!
These shares, under the terms of admission of xG to AIM, cannot be sold to American citizens. Yet Marc is merrily punting them to at least two Americans that we know about.
Then Marc, goes one further. In an echo of the iDigi Fund, Marc sets up Flashcomm. A Spanish company that would buy a territory from xG. In his derranged mind, he uses this as an attempt to extort more money from his customers! Buying a territory would not only raise the xG share price, but also raise him hundreds of thousands from his poor customers.
But Marc’s greatest achievement is being a colossal asshole. A delusional, slack-jawed, lard-arse, paranoid-pot-head, asshole. A quick Google of his name will reveal the extent of his stupidity. But he’s also a nasty person. His persecution of Phil Karn who had correctly predicted that xG’s radio method was bogus is a thing of internet legend. He repeatedly called him for months, on one occasion 38 times in a single hour. Thirty Eight times. Each time threatening to kill him, or wish some misfortune on his wife. Never give this guy your ‘phone number.
Email for Restricted Stock
Receipt for Restricted Stock. (check the ‘properties of the Doc. Officina is Marc’s office. There’ll be more with this property another day..)
Some of Marc’s Customer list all have bought restricted xG Shares.
Some more, and him punting the Flashcomm idea to them.
Hilarious Marc Email to xG. Note how xG lied about technical claims, and how Rick has an account with shareholder monies.