SEC Sues Chris Faulkner [aka C.I. Host founder]

SEC Sues Chris Faulkner [aka C.I. Host founder]
Anybody else catch this news?
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I'm finding it entertaining, that somebody who had a reputation for going around and using his mom to sue people, is now getting sued by the SEC:

http://boingboing.net/2016/06/27/sec...master-ce.html
&
http://www.reuters.com/article/us-br...-idUSKCN0ZD0BL

The U.S. Securities and Exchange Commission is suing Breitling Energy Corporation of Dallas, Texas, and its CEO, "Frack Master" Chris Faulkner, for fraudulently spending $80 million dollars of investors' money on fancy dining, luxury cars, strippers, sex workers, and all the other fixins of a jet-setting sociopath's lifestyle.
Faulkner, 39, faced a spate of lawsuits in the early 2000s in connection with his previous web hosting business .

Myles Loosley-Millman - admin@prioritycolo.com
Priority Colo Inc. - Affordable Colocation & Dedicated Servers.
Two Canadian facilities serving Toronto & Markham, Ontario
http://www.prioritycolo.com

Wasn't aware of this at all... Thanks for the links and information...

Curious.

I remember C.I.Host from back in the early 2000's, not a good memory.

CI Host used to have a lot of publicity on WHT back in the day.

CI Host used to have a lot of publicity on WHT back in the day.
I remember somebody had dug up all the active lawsuits for/against ci host back in the day, it was something near 100. Many were against former employee's, but the big one at the time was Microsoft if memory serves. Something about ci host renting windows servers out without acceptable licensing or something to that effect.

Anybody still have that link? heh
Myles Loosley-Millman - admin@prioritycolo.com
Priority Colo Inc. - Affordable Colocation & Dedicated Servers.
Two Canadian facilities serving Toronto & Markham, Ontario
http://www.prioritycolo.com

Wow, blast from the past! Some things never change eh?
"Every successful individual knows that his achievement depends on a community of persons working together"
-Paul Ryan-

Wow, blast from the past! Some things never change eh?
Looks that way... Maybe this time he'll get what's coming to him...

I remember one particular incident with CI Host. I had a friend had bought his domain and hosting with them, early 2000. One day his website disappeared so he called them. They told him there seemed to be a problem with his domain and they were trying to resolve the problem.

My wife found out their domains were being purchased with Netsol so he called them. Netsol was very nice to him and told him his domain had dropped because of non payment from CI Host and they doubted he would get it back through CI Host since they owed Netsol several $1000.

So he calls CI Host back and they told him his domain was ok and his site would be backup soon. This turned out to be nothing but b/s so he called Netsol back and they told him the host had not been in touch with them and he would probably have to wait until his domain was relisted, which he did and was fortunate enough to get his domain back.

Back in the early 2000's you could generally snag a domain after it dropped... Not something I'd bet on these days.

It sounds like needs to be sent to federal pound-me-in-the-@ss prison. (Office Space, anybody?)
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a lifestyle of decadence and debauchery.
Wow, the SEC plays hardball. Surely, this means prison time.

Wow, the SEC plays hardball. Surely, this means prison time.
IDK... money talks. Probably get some kind of plea bargain.
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IDK... money talks. Probably get some kind of plea bargain.
Remember Martha Stewart? Money doesn't always talk.

It sounds like needs to be sent to federal pound-me-in-the-@ss prison. (Office Space, anybody?)
Hahahahahahaha. I just watched this the other day.

I remember somebody had dug up all the active lawsuits for/against ci host back in the day, it was something near 100. Many were against former employee's, but the big one at the time was Microsoft if memory serves. Something about ci host renting windows servers out without acceptable licensing or something to that effect.

Anybody still have that link? heh
The lawsuits didn't end when he left hosting and became "The Frackmaster" (in fact they might have increased in frequency). The last one I read about was back in December when he sued a blog writer: http://www.texassharon.com/2015/12/2...nergy-sued-me/

For entertainment, in April 2015 The Texas Observer published an expose on him
http://www.texasobserver.org/the-lit...-frack-master/

Quote Originally Posted by anon-e-mouse
Wow, blast from the past!
I still have nightmares from the three weeks in the summer of 1998 when I rented a server from CI Host. The people who complain about EIG brands don't know how lucky they are to never have experienced [statement temporarily redacted while I check if his mom is still a member of the bar]

Quote Originally Posted by Safvan Malik
CI Host used to have a lot of publicity on WHT back in the day.
One of the reasons they had a lot of publicity on WHT is because they sued WHT's former owner Everyone Internet over complaints made about them by WHT users

old WHT thread from 2004: http://www.webhostingtalk.com/showthread.php?t=236569

Today. a federal judge has dismissed the pending lawsuit by C.I. Host and Chris Faulkner against Everyone Internet related to allegedly derogatory information posted by WHT users about their company on the WHT website.

Further, the judge ordered C.I. Host to pay costs in the suit.

Stink follows C.F. wherever he goes. He deserves whatever he gets.

It will be interesting to see what happens.

The lawsuits didn't end when he left hosting and became "The Frackmaster" (in fact they might have increased in frequency). The last one I read about was back in December when he sued a blog writer: http://www.texassharon.com/2015/12/2...nergy-sued-me/

For entertainment, in April 2015 The Texas Observer published an expose on him
http://www.texasobserver.org/the-lit...-frack-master/



I still have nightmares from the three weeks in the summer of 1998 when I rented a server from CI Host. The people who complain about EIG brands don't know how lucky they are to never have experienced [statement temporarily redacted while I check if his mom is still a member of the bar]



One of the reasons they had a lot of publicity on WHT is because they sued WHT's former owner Everyone Internet over complaints made about them by WHT users

old WHT thread from 2004: http://www.webhostingtalk.com/showthread.php?t=236569
We all have our fair share of nightmares in our lives.

Wow, blast from the past! Some things never change eh?

Indeed. In a few years, will probably be hearing his name pop up for something else nefarious

Karma.

Always catches up to people in the end.
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Indeed. In a few years, will probably be hearing his name pop up for something else nefarious
One would hope he isn't given the chance to get into any more trouble in the future.

He's screwing people and destroying their lives by stealing their money with lies. It's saddening.

copy of the lawsuit filied by the SEC against Faulkner and his associates (63 pages, .pdf): https://www.sec.gov/litigation/compl...pr2016-130.pdf

From the lawsuit filing:

20. In the interest of protecting the public from any further fraudulent activity and
harm, the Commission brings this action against the Defendants and the Relief Defendants
variously seeking: (i) permanent injunctive relief; (ii) disgorgement of ill-gotten gains; (iii)
accrued prejudgment interest on those ill-gotten gains; (iv) civil monetary penalties; (v) officerand-director
bars; and (vi) a penny stock bar.

copy of the lawsuit filied by the SEC against Faulkner and his associates (63 pages, .pdf): https://www.sec.gov/litigation/compl...pr2016-130.pdf

From the lawsuit filing:
Assuming the SEC succeeds that sounds pretty good to me.

Assuming the SEC succeeds that sounds pretty good to me.
About time...

https://www.dallasnews.com/business/...0-million-scam

https://www.theguardian.com/environm...ent-texas-jail

"Attorney Carole Faulkner was also held in contempt for helping her son avoid turning over proceeds from the sale of cloud hosting company RackAlley LLC.", ouch.
David
Fused Website & Email hosting, domain names and more.
Improving WordPress Performance

About time...

https://www.dallasnews.com/business/...0-million-scam

https://www.theguardian.com/environm...ent-texas-jail
Steal $80m, maximum fine $750k and maximum jail 35y...

Maximum fine being < 1% of the fraud value... Hardly seems right (for that aspect), given 80M is many lifetimes of typical/average income.
Myles Loosley-Millman - admin@prioritycolo.com
Priority Colo Inc. - Affordable Colocation & Dedicated Servers.
Two Canadian facilities serving Toronto & Markham, Ontario
http://www.prioritycolo.com

"Attorney Carole Faulkner was also held in contempt for helping her son avoid turning over proceeds from the sale of cloud hosting company RackAlley LLC.", ouch.
And she's apparently hiding out in Beirut Lebanon.

Steal $80m, maximum fine $750k and maximum jail 35y...

Maximum fine being < 1% of the fraud value... Hardly seems right (for that aspect), given 80M is many lifetimes of typical/average income.
If I'm not mistaken, the fine doesn't include reparations for investors: it's in addition. The legal system down here has no objection to justice, let it take it's course.
David
Fused Website & Email hosting, domain names and more.
Improving WordPress Performance

For what it's worth, he's pleaded guilty — 12 years in prison:
https://www.chron.com/business/energ...r-13330174.php
David
Fused Website & Email hosting, domain names and more.
Improving WordPress Performance

I submitted the idea to American Greed a few years ago. It's only gotten more interesting. I hope to see him on there one year.

Wow, great read!

Is C.I. Host cihost.com?

Yes, same place.

For what it's worth, he's pleaded guilty — 12 years in prison:
https://www.chron.com/business/energ...r-13330174.php
Shame he didn't get more really. Think of how many average lifetimes of money he squandered, even if it's distributed, he's still getting a slap on the wrist in any reasonable comparison (especially when you consider how much of that he'll be able to parole/good behavior/early release/whatnot).
Myles Loosley-Millman - admin@prioritycolo.com
Priority Colo Inc. - Affordable Colocation & Dedicated Servers.
Two Canadian facilities serving Toronto & Markham, Ontario

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