Fund established for kumquat shipping routes, Swensington pleads guilty to obstruction of justice

One major issue that was hotly debated at this year's IKF convention in Antwerp, Belgium was the problem of Djiboutian kumquat pirates. We spoke with E. Fergo Gordon, an expert on the subject.

Kumquats Inc: Do you think much progress has been made on this very serious issue?

Gordon: IKF agent Aroldis Reynie Shapiro has established a special fund for the protection of ships mostly in the Gulf of Aden. The fund is contributed to by shipping companies and kumquat producers.

Kumquats Inc. Do you think further efforts should be taken?

Gordon: I think that they are doing a good job, but the large corporations are slow to contribute and Shapiro is having trouble mobilizing any significant action.

Kumquats Inc: How long do you think it will take for any success to happen?

Gordon: I think a thorough operation could take several years.

In the most recent installment in the ongoing story of the prosecution of Philipe Swensington, (see last post here) Swensington has pleaded guilty to obstruction of justice in a hearing at the U. S. district court in Miami, Florida. The charges were based on a claim that Swensington had destroyed evidence. The evidence destroyed included tapes containing conversations with him and a private advertising firm while he was chairman of the board at Surpass Fika Kumquats.

Earlier, the prosecution attempted to charge him with false advertising, but a judge dismissed that charge, saying that the "false" slogan was only misleading, not false. However this was the hearing for only one of his many charges including fraud and insider trading. He will be prosecuted for these charges later at the U. S. District court in Tucson, Arizona.

Next Post: We will have a conversation with Obie's Kumquats Chief Legal Analyst, Emmet Smovwoth about the upcoming Swensington trials.

Swensington finally to appear in court, Tobango in legal dillema

As former Surpassa Fika Board Chairman, Philipe Swensington’s trial date is looming closer, it appears more counts will be charged against him. These include obstruction of justice because inside witnesses say that Swensington destroyed potentially incriminating evidence. This evidence included tapes with conversations between Swensington and a private advertising company that Surpassa Fika had supposedly hired to help their advertising department in an advertising scheme. However this run advertising run was one of the things that got Swensington arrested in March of 2010.

Last year Mr. Swensington abruptly left Surpassa Fika, the Arizona based kumquat corporation after six years and suspicion arose rather quickly, as Surpassa Fika had just discovered a major advertising flaw. Longtime IKF agent Aroldis Reynie Shapiro convinced the majority of his commitee to pursue the investigation of Swensington and later would arrest him on charges of false advertising and insider trading. And after a delayed trial, the case will finally appear in court in mid April with new counts and new witnesses to testify. Among them for the prosecution are Ed Grimpenmeyer a former colleague of Swensington. We will try to have coverage of the hearings.

Also, Tobango is being sued for copyright infringement by Noralie McGaston, owner of Noralie’s Citrus Imports, a retail shop in Helix, Oregon. She claims that she owns the PaleGrapefruit name, even though she spells her product Pale Grapefruit. Experts think that it is unlikely McGaston will win anything.

“Her case is weaker than a dried kumquat skin,” said Obie’s Kumquats Chief Legal Analyst and kumquat law expert Emmet Smovworth.

In the latest market standings, Ferkington is doing well as usual. Tobango says it is doing much better than expected. Some think this is a sign of economic recovery. Saccelberry-Gerard announced the acquistion of Cítricos Inc. This gave a jump to their stock.

Wiki link

There is a link to the Kumquats Inc Wiki on the right-hand side above the followers list that will direct you straight to the page. On the wiki if you click on a person or company's name on the column on the left, you will find information about them. Again, this is still in progress.

Kumquats Inc Wiki

We have now set up a Kumquats Inc Wiki at this address: http://kumquatsinc.wikispaces.com/.

We hope it will have information on many different kumquat related topics. There is currently only one entry but we will add more soon. Check it out!