OSC found a pump-and-dump built on false cement-contract press releases
Sulja Bros. Building Supplies, Ltd. (Nevada) · Shell company (building supplies)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Counterparty existence
Contacting the named counterparties would show the cement contracts did not exist.
Can mislead when: Real companies can be used as pass-throughs. Existence does not prove a real trade, so C6 and C7 still apply.
Third-party confirmation
The named audit firms would confirm they had done no work for the company.
Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.
Ownership / related-party links
Transfer-agent records would link the nominee accounts to the promoters.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Where Kubr services would have helped
Verified Snapshot
Offered in India- C3 Transfer-agent records would link the nominee accounts to the promoters.
- C4 Contacting the named counterparties would show the cement contracts did not exist.
Financial diligence
Offered in India- C3 Transfer-agent records would link the nominee accounts to the promoters.
- C4 Contacting the named counterparties would show the cement contracts did not exist.
Proceeds tracer
Offered in India- C3 Transfer-agent records would link the nominee accounts to the promoters.
- C4 Contacting the named counterparties would show the cement contracts did not exist.
Legal diligence support
Offered in India- C3 Transfer-agent records would link the nominee accounts to the promoters.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.