John Westergaard Stock Promoter Westergaard Fund WSYS Y2K wbn.com: John Westergaard tells people to mortgage their house to buy shares in worthless company which went bankrupt

Friday, February 7, 2014

John Westergaard tells people to mortgage their house to buy shares in worthless company which went bankrupt

John Westergaard, wbn.com, stock promoter, securities fraud, con man, dead,

This is just the first of many posts. I will be reposting everything I posted before John Westergaard thankfully left this earth in 2003. I took my wbn page down after he died and all his tout jobs went bankrupt or didn't perform. It's been 11 years since he died. I think that's enough time.

This is what stock promoters say about scam companies. Bikers Dream BIKR had no real business except printing and selling shares. I made a full report which I will post next. Shorters saw my report and shorted BIKR from $7 to pennies in just a few days. The stock was actually worth $0. I did not short the stock. I posted my reports so people would not be ripped off by evil John Westergaard.

After he posted this shares dumped. Every time share price dumped John Westergaard would state "Take advantage of this fantastic buying opportunity!!! take advantage of this great low share price, back up the truck, load 'em on up, I'm nibbling, nibbling, Time to nibble nibble, yum yum yum." John Westergaard posted on Yahoo, Raging Bull, Silicon Investor. I think he was dead before ihub started.

John Westergaard was promoting BIKR. This is cut/paste of his actual post, what a piece of shit he was.

Yes, Do Mortgage the House But Not Yet!!
by: westergaard 02/24/98 04:39 am EST
Msg: 179 of 97243

I have only known of one instance where someone went out and mortgaged the house to buy a stock. He was employed by an advertising agency handling the Xerox account in 1960 I believe it was, even before Xerox was Xerox. The man became very very rich. All of us following this thread have the potential opportunity for becoming rich on this stock which I define as making a million dollars (not rich maybe, but better than a kick in the pants). I would assume that everyone here can afford to buy 10,000 shares which is less than $20,000. I would then borrow on the house to buy another 5,000 shares when the SEC approval comes through. Let's say the stock is then 2 1/2. Then I'd borrow again when some tangible evidence comes through that the system is functioning to plan and that 4-5 gorillas have signed up (FIDO, Vanguard, etc.). Let's say the stock is then at 4. Now you've got circa $50,000 invested in 20,000 shares. When the stock hits 10 you buy another 5,000 shares on margin, borrowing $50,000 against an equity of $200,000. When the stock hits 40 you've got $1mm less your cost of $100,000. It's so easy, isn't it? I've seen this done on a few occasions. I had a client who did this with Commodore, investing $400,000 and taking out over $12mm. The reason he was able to do that was because he stayed focused!!! That's the key: focus, focus, focus. Don't get caught up in this trading bullshit. John W.

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John Westergaard wbn.com Y2K Stock Promoter

John Westergaard (July 2, 1931 - January 31, 2003) full name Johannes Askildsen Westergaard was born in New York to Norwegian immigrants Otto Johannes Grundtvig Westergaard and Astrid Stang.

John Westergaard was a company stock promoter. Westergaard was paid money to positively promote the shares of small, generally worthless scam companies such as PPD, UMCC, BIKR. Legally he had to disclaim that he was paid to promote the companies in his websites and on messages boards but he did not. For that reason Westergaard was sued by the Securities and Exchange Commission for securities fraud and "failing to fully disclose the compensation he received to promote issuers."

Even after John Westergaard was sued by the SEC and lost, he continued to promote stock scams without a disclaimer. I reported him to the SEC many times. He threatened to sue me then even threatened to kill me. He never sued me. As for killing me, here I am.

The SEC sued him again for failing to disclaim and won again. I provided them with all the evidence and the SEC thanked me. After he was sued he started a website attacking the SEC saying they were against his right to free speech. The SEC was against his ripping off investors by telling them to mortgage their house to buy shares in a company that ended up going bankrupt. Westergaard preyed upon the elderly telling them to invest their entire retirement savings in stock scams that went bankrupt.

Westergaard was called to the mat by me, Pluvia, Truthseeker, Sir Auric. Westergaard offered a reward for the name of user Pluvia. No one gave him the name. I reposted Pluvia's reports in my own name and told Westergaard he could sue me if he liked. He said he did but he didn't.

Westergaard started the Westergaard Fund stock symbol WSYS. WSYS was eventually delisted after the SEC sued Westergaard for not filing reports. The SEC delisted the shares to "protect investors." WSYS basically printed shares which they sold for money for Westergaard.

John Westergaard was also involved in the Y2K hoax. Westergaard stated that planes would fall out of the sky, cars wouldn't operate, all power would be gone, there would be no food or water at the stroke of midnight December 31, 1999. The entire world would be in utter chaos because some computers write years such as "13" instead of "2013." He offered to sell a book, a cassette tape and a kit that would prevent this. When January 1, 2000 finally arrived it turned out this was just a hoax by Westergaard. Westergaard profited from fear mongering hoax.

John Westergaard was married to Broadway producer Louise Arnold (Westergaard O'Neil) September 2, 1937 - May 6, 2005. They had four children Emile April 2, 1966, Cathrine December 15, 1968, Elizabeth 1970, Kermit Stand February 10, 1970. The marriage ended in divorce then Louise married Stephen O'Neil in 1989.

John Westergaard got prostate cancer that spread to his spine. John Westergaard was a total piece of shit who fleeced many investors. I posted the truth about the scam stocks he promoter. I was sued twice for defamation for outing scam stocks. I represented myself pro se and won both cases. Those companies went bankrupt just as I predicted.