"Fraudster"

Quotes:  

To lure Mozido into their trap, defendants touted their contacts and presence in the Chinese market, representing that they had exclusive contracts with the owners of 477 shopping malls in China where Mozido’s mobile payment products could be deployed. Defendants also represented that they had an exclusive contract, as well as a close personal and business relationship with Neusoft, the largest provider of IT solutions and services in China, that would deliver 100 million new Chinese customers to Mozido.

In attempting to convince Mozido that their fraudulent representations were in fact true, defendants went to extraordinary lengths, including forging the signature of Neusoft’s Chairman and CEO on legally binding documents, and having an imposter pose as Neusoft’s Chairman and CEO in a critical conference call with Mozido executives. The defendants’ elaborate scheme worked, and they ultimately convinced Mozido to lend them $6.5 million as part of the broader promised business relationship with Neusoft that they had no intention of repaying and for which they pledged functionally worthless collateral in the form of securities.

Source:  Mozido v Papermaster court case - click to view

 

Distance yourself .... What Ernst & Young Global Leader says ....

Hi Mark, 
Thank you for your caution and inquiry. We have quietly distanced and dissolved our relationship with Steve and kindly advise you to do the same. Additionally, our global PR and social media team will not promote or allow us to be connected in any way. 
Copying in Ryan Burke for comment and coaching. 
Thank you, 
Stasia (M. Mitchell), 
EY Global Entrepreneurship Leader
 (Ernst & Young)
30/9/2022 - 10.25pm

 

 

 

As seen on 

(video links coming soon)

Super_Bowl_XXXIV_Logo.svg nano the-hill-web-logo Ernst & Young Entrepreneur of the Year cnbc_logo crunchbase dcp solutions

SO WHO IS STEVEN PAPERMASTER?

and is there more than 1 steven papermaster?

the real steven and the steven he wants you to see 

 

This unofficial page is a look at the slippery man himself - covering important topics like:

 

  • Who is Steven Papermaster?
  • What is his investment history?
  • How much loss has Steven caused to others?
  • What is Nano Cures and who owns the technology?
  • What is Steven trying to get investors to invest in?  Will it work?

 

Steve claims to be a technology entrepreneur and public policy expert who is highly experienced in founding, growing and funding innovative technology companies around the world. Apparently Steve is the founder, CEO and chairman of Nano, who claims to be a health technology company working to bring the same innovation and radical change to health that technology and network platforms have brought to other areas of life in recent history.

In reality Steve has been the captain of the Titanic driving numerous companies into ruin .... for example:

 

U.S. Bankruptcy Trustee Marsha Milligan -- the person charged with protecting the interests of hundreds of creditors collectively owed more than $20 million -- on Thursday sued Agillion co-founders Steve Papermaster, Frank Moss and four other executives and board members for breach of fiduciary duty, gross negligence and waste after they "irrationally squandered Agillion's assets," according to the suit, filed in Travis County District Court .... 

 

... spending sprees that bankrupted one of the most well-financed and well-known high-tech startups in Austin.

... breach of fiduciary duty, gross negligence and waste after they"irrationally squandered Agillion's assets" ...

... burned through more than $60 million in less than three years.

.... At its zenith, the company employed about 125 people ....

... "Their revenue was so inconsequential that management never recorded a single dollar in revenue in their internal bookkeeping" ...

Despite the poor performance, ".... management (i.e. Papermaster) increased their wasteful spending" ....

Despite earning only a "few hundred dollars.... " .... opened an office in Australia, which closed six months later.

... entered into a $13 million, 10-year lease (which was) "lavish and unnecessary."

Tripled the size of its workforce only to lay off many within months.



Source:  Official statement from Liquidator

 

 

 

 

 

 


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INTHEUNITEDSTATESDISTRICTCOURT FOR THE WESTERN DISTRICT OF TEXAS AUSTIN DIVISION

MOZIDO, INC.,

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