Name and Shame
Name and Shame

FRANK G. MUELLER REVIEW

Complaint
#5YDOR

This complaint was posted on NAS on 4th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/frank-g-mueller-5YCUX/gets-barred-for-abusing-law-id5ydor .

NameandShame Author
The Activist Accountants
4th Jan, 2021

Gets Barred For Abusing The Law

Frank G. Mueller tried to play smart with their investors and was caught red handed by none other than U.S. Securities And Exchange Commission.


Latest SEC AAER has shocked Frank G. Mueller investors who feel misled and betrayed by the company’s actions. The auditors at SEC are experts at what they do, which is catch financial frauds and this time they outdid themselves by looking into the financial statements of this company.


Even if the suspension gets lifted by the time you read this, it doesn’t guarantee that this company is trustworthy. Remember, the SEC doesn’t put suspensions on a stock until something illegal happens.


On the first glance, their financial statements might seem just fine, but the devil is in the details, and after some thorough analysis, the truth is revealed. Let’s dive deeper and take a look at the official findings:

Detailed Frank G. Mueller Scam Report

Mueller, age 66, is a resident of Albuquerque, New Mexico. Mueller joined Santa Fe Gold Corporation (“Santa Fe” or “the company”) as assistant controller in 2010. Mueller obtained degrees in accounting, but is not and has not been licensed as a certified public accountant. He served as the company’s chief financial officer (“CFO”) from May 2014 until July 2020, and was a member of Santa Fe’s board of directors from August 2016 to July 2020. He currently serves as Santa Fe’s manager of mining operations. As Santa Fe’s CFO, Mueller prepared and reviewed Santa Fe’s financial statements that the company filed with the Commission, including the financial statements included in Santa Fe’s annual report on Form 10-K for the year ended June 30, 2017, filed with the SEC on July 5, 2018 (the “Annual Report”),2 and the corresponding management representation letter that Santa Fe provided to its independent auditor, dated July 3, 2018 (the “Management Representation Letter”). 2. Santa Fe Gold Corporation, a Delaware corporation with its principal place of business in Albuquerque, New Mexico, is a small mining company. The company filed Chapter 11 Bankruptcy in August 2015 and exited bankruptcy in June 2016. Santa Fe has a class of securities registered under Section 12(g) of the Securities Exchange Act of 1934 (“Exchange Act”) and was required to file periodic reports with the Commission pursuant to Section 13 of the Exchange Act and related rules thereunder. Santa Fe, however, was delinquent in its reporting obligations and, on June 29, 2020, the Commission instituted public administrative proceedings pursuant to Section 12(j) of the Exchange Act to determine if the company’s Exchange Act registration should be suspended or revoked (the “12(j) Proceeding”). Prior to the 12(j) Proceeding, Santa Fe’s common stock was traded on the OTC Marketplace operated by OTC Markets Group, Inc. or “OTC Pink Sheets,” under the ticker symbol “SFEG.” 3. On October 30, 2020, a final judgment was entered against Mueller, permanently enjoining him from future violations of Sections 17(a)(1) and (3) of the Securities Act of 1933, Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13b2-1, 13b2-2, and 13a-14 thereunder, and from aiding and abetting violations of Sections 13(a) and 13(b)(2) of the Exchange Act and Rules 12b-20 and 13a-1 thereunder in the civil action entitled Securities and Exchange Commission v. Frank G. Mueller, Civil Action Number 1:20-cv-00984-JB-JHR, in the United States District Court for the District of New Mexico. Mueller was also ordered to pay a $50,000 civil money penalty. 4. The Commission’s complaint arose out the misappropriation of funds from Santa Fe by its former chief executive officer, Thomas H. Laws (“Laws”). The complaint alleged that Mueller, Santa Fe’s CFO at the time of Laws’ misappropriation of Santa Fe funds, was reckless in not knowing that Laws had not used at least $500,000 of Santa Fe’s funds for their intended corporate purpose and, as such, that the Annual Report and the Management Representation Letter, both of which Mueller signed, were materially false.

Next Steps For The Investors at Frank G. Mueller

It is recommended that you discuss this latest disclosure with your finance advisor as this company has done plain fraud and tried to deceive its investors and stockholders alike. While the company might try to convey that this enforcement action was nothing more than a small-one-time-thing, the reality could not be further from the truth.


Be smart about your decision on whether to work with a company such as this one or not.


If you haven’t entered a contract with this company yet, then it is better to stay away, than risk associating with a possible scammer.


Whenever such disclosures are made public, companies tend to misinform their investors and the public by burying this information. This is why I posted it here at Frank G. Mueller NameAndShame. People deserve to know the reality about these guys, especially when they so shamelessly try to hide it.

Don’t Listen To Their White Lies

To save their image and manipulate investors, companies run cold-call campaigns and advertisements after an enforcement action by the SEC. This is mainly done to distract and persuade the investors and stockholders at the company from the horrible reality.

Please do not fall for the white lies companies often tell in order to save face in such situations. From shifting blame, to calling SEC “scumbags”, company representatives will do anything and everything to keep you from changing your mind about them.


I strongly recommend that you take all your investment decisions without any external influences from the company. A logical approach, combined with experience goes a long way. Don’t let their fake smiles be the result of your monetary loss.

Share Your Opinion, Findings & Evidence

If you have helpful information about this company, then please share it in a comment. A single comment can go a long way and it will help shed more light on this case.


Adding solid evidence is possibly the most effective way to help the community see the truth about this company. Please do so by using the Evidence Box down below.


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