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- Norman C Zadeh/Zada, age 61
- 11803 Norfield Court
- Los Angeles, CA 90077
- (310) 476 - 0700
- Address registered on Perfect10.com:
- OpenBeauty (OpenBeauty.com)
- P.O. Box 3398
- Beverly Hills, CA 90212
- (310) 205 - 9988
- Fax: (310) 205 - 9642 (Registered to "Money Manager")
- OpenBeauty.com administrator:
- Inna Khusid, age 39 (some sources say 50-54, but birth year says 1972)
- i) 2392 Achilles Dr
- Los Angeles, CA 90046
- ii) 4231 Tujunga Ave, Apt A
- Studio City, CA 91604
- Also associated with: Donna Castorino
- (310) 205 - 9988
- Cell: (310) 486 - 5859
- Office: (818) 755 - 5500
- Fax: (818) 755 - 5511
- Norman Zadeh relatives:
- Fay A Zadeh, age 111 (assumed deceased)
- Aagla C Terzian
- Anne/Annie Sayad Zadeh, age 49
- Stella Zadeh, deceased at age 58, current age would be 64 [1]
- Alexander S Zadeh, age 80
- Ralph J Zadeh, age 46
- Margerit Zadeh
- Inna Khusid relatives:
- Esfira M Khusid, age 71
- Aleksander G Khusid, age 49
- Olga Faynshteyn-Khusid, age 44
- Grigory B Khusid, age 75
- Inna Khusid registered a for-profit company within the state of California named
- "Unicoom, Inc." in 2009, corporation number C3205152, which (as of January
- 2012) is suspended. [2][3][4] "Unicoom, Inc." is still listed as an alcohol
- importer by the Alcohol and Tobacco Tax and Trade Bureau. [5]
- Norman Zadeh/Zada [6] has a for-profit company named "Perfect 10, Inc.", established
- in 1996. [2] However, he has just recently sued Megaupload in January 2011,
- after suing "CCBill, LLC" in 2007, and Google in 2005. [7][8][9]
- Here's a little cease-and-desist order from Mr. Norman Zadeh's past: [10]
- III.
- On the basis of this Order and the Offers submitted by the
- Respondents, the Commission finds that:
- A.RESPONDENTS
- 1.Prime Advisors, Inc. ("PAI"), a Virginia corporation, is an
- investment adviser which has been registered with the Commission
- since April 1997 (File No. 801-54189). PAI serves as general
- partner to at least six private investment, i.e. hedge fund,
- limited partnerships (collectively, "the PAI partnerships").
- Since 1991, PAI has served as investment adviser to the PAI
- partnerships by providing investment advice and services in
- exchange for compensation. PAI is equally co-owned by Norman
- Zadeh and Jeffrey Goodstein, its sole officers and directors.
- 2.Norman Zadeh ("Zadeh"), age 47, is an investment adviser who
- has been registered with the Commission since October 1989 (File
- No. 801-35475). Zadeh's business consists primarily of managing
- individual accounts. Zadeh, who resides in Beverly Hills,
- California, holds a Ph.D. in mathematics and is a co-owner of
- PAI. He is a registered representative associated with American
- Eastern Securities, Inc. and Wharton Equity Corporation
- ("Wharton"), both registered broker-dealers, and currently holds
- Series 3, 7, 63 and 65 licenses. From 1983 to at least 1994,
- Zadeh administered two nationwide investment contests, Money
- Manager Verified Ratings and U.S. Investing Championship.
- 3.Jeffrey Goodstein ("Goodstein"), age 41, resides in Richmond,
- Virginia. Goodstein, an inactive member of the Virginia bar,
- previously owned two formerly registered investment advisers,
- Allied Capital Management, Inc. and Old Dominion Management Co.,
- and owns an active corporation, HF Administration, Inc.
- Goodstein, a co-owner of PAI, is a registered representative with
- Wharton, and currently holds Series 3, 7, 63 and 65 licenses.
- [..snip..]
- C.VIOLATIVE CONDUCT
- 1.Securities and Investment Company
- Registration Violations: Sections 5(a) and
- 5(c) of the Securities Act and Section 7(a)
- of the Investment Company Act
- During the relevant period, PAI served as general partner and
- investment adviser to the six PAI partnerships. Its owners,
- Zadeh and Goodstein, channelled advisory clients to PAI and the
- partnerships through their respective registered advisory firms,
- Norman Zadeh (owned by Zadeh), and Old Dominion Management Co.
- and Allied Capital Management, Inc. (both owned by Goodstein),
- and through a newsletter (described below). Most of Zadeh's
- clients were initially attracted by two investment ratings
- contests, which Zadeh sponsored and advertised in various
- financial publications. From approximately 1983 to 1992, the
- published results for the contests listed contestants and their
- ranking, along with a phone number. From approximately 1993 to
- 1994, a toll-free number was listed with the published results.
- Upon being telephoned by persons and entities seeking information
- about the contests and their participants, Zadeh, on behalf of
- PAI, would solicit an investment in the PAI partnerships and
- record the callers' personal information on a mailing list that
- ultimately grew to approximately 11,000 names. Persons and
- entities on the mailing list were mailed a newsletter which,
- beginning in 1991, among other things, recommended an investment
- in the PAI partnerships. On occasion, Zadeh referred callers who
- wanted information regarding the PAI partnerships to Goodstein,
- who answered the callers' questions and mailed the appropriate
- prospectuses to interested callers.
- Through these telephone and newsletter contacts, PAI, through
- Zadeh and Goodstein, generally solicited investors in the offer
- and sale of interests in the PAI partnerships. At the time of
- such solicitations, no registration statement had been filed or
- was in effect for the PAI partnership interests, which are
- securities in the form of investment contracts. No exemption
- from registration was available for such interests. Thus, PAI
- willfully violated Sections 5(a) and 5(c) of the Securities Act.
- Zadeh and Goodstein, as the owners of and primary actors on
- behalf of PAI, caused such violations through their general
- solicitation efforts. In addition, because Zadeh and Goodstein
- directly offered and sold unregistered securities, they willfully
- violated Sections 5(a) and 5(c) of the Securities Act.
- None of the PAI partnerships was registered with the Commission
- as an investment company. The PAI partnerships (through their
- general partner, PAI, and through PAI's only directors, Zadeh and
- Goodstein) are issuers that have primarily engaged since 1991 in
- investing, reinvesting, or trading in securities, including
- equity securities and mutual fund shares. This conduct caused
- each PAI partnership to fall within the definition of investment
- company under Section 3(a)(1)(A). Because PAI, through Zadeh and
- Goodstein, publicly offered the partnerships' securities to
- investors, the PAI partnerships did not qualify for the exclusion
- under Section 3(c)(1) of the Investment Company Act. By offering
- and selling their interests without first having registered with
- the Commission as investment companies, the PAI partnerships
- willfully violated Section 7(a) of the Investment Company Act.
- PAI, the partnerships' general partner, and Zadeh and Goodstein,
- PAI's sole officers and directors, ran the day-to-day operations
- of the PAI partnerships. Thus, they had actual knowledge that
- the PAI partnerships were engaged primarily in the business of
- investing and reinvesting in, and trading securities, but were
- not registered with the Commission as investment companies. By
- controlling and operating the PAI partnerships, which they knew
- were not registered with the Commission, PAI, Zadeh and Goodstein
- provided substantial assistance to the operation of six
- unregistered investment companies. Accordingly, PAI, Zadeh and
- Goodstein willfully aided and abetted and caused the PAI
- partnerships' violations of Section 7(a) of the Investment
- Company Act.
- 2.Failure to Make and Keep Required Books and
- Records: Section 204 of the Advisers Act and
- the Rules Thereunder
- From September 1991 through at least July 1993, Zadeh, while
- making use of the mails and telephone in connection with his
- business as an investment adviser, failed to make and keep
- general and auxiliary ledgers, as required by Rule 204-2(a)(2) of
- the Advisers Act.
- Section 204 of the Advisers Act requires every investment adviser
- who makes use of the mails or of any means or instrumentality of
- interstate commerce in connection with its business as an
- investment adviser to make and keep such records and disseminate
- such reports as prescribed by the Commission. By failing to make
- and keep true, accurate, and current general and auxiliary
- ledgers, Zadeh willfully violated Section 204 of the Advisers Act
- and Rule 204-2(a)(2)thereunder.
- Would you like to be the pot, or the kettle, Mr. Zedah?
- References:
- [1] http://www.thefreelibrary.com/STELLA+ZADEH,+TALENT+AGENT+AND+JOURNALIST,+DIES+AT+AGE+58.-a0147304053
- [2] http://kepler.sos.ca.gov/cbs.aspx
- [3] http://california.14thstory.com/unicoom-inc.html
- [4] http://www.bizapedia.com/ca/UNICOOM-INC.html
- [5] http://www.ttb.gov/foia/xls/frl-alcohol-importers-ca-alameda-to-napa.htm
- [6] http://www.bittenandbound.com/wp-content/uploads/2009/08/full_joan_rivers_and_boyfriend_05_wenn5336595.jpg
- [7] http://freecourtdockets.com/DocketSummaries/BLM-Perfect-10-Inc-v-Megaupload-Limited-3-11-cv-00191-California-Southern-Federal-District-Court-Docket-Case-Summary-39463.htm
- [8] http://en.wikipedia.org/wiki/Perfect_10,_Inc._v._CCBill_LLC
- [9] http://en.wikipedia.org/wiki/Perfect_10,_Inc._v._Google_Inc.
- [10] http://www.sec.gov/litigation/admin/337560.txt
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