In another transaction, John Thomas CEO, Anastasios (Tommy) Belesis, of John Thomas Financial, reportedly mismanaged a start-up company marketing software to help police find missing children.
Allegedly, John Thomas Financial pocketed or threw away nearly half of $13 million raised for the company, AMBER Ready. Belesis reportedly hijacked the company’s development program, giving consulting contracts to his friends and political allies. After 12 years, the start-up company is an empty husk with no product in sight. AMBER Ready (AMBER stands for Americas Missing: Broadcast Emergency Response) began with noble intentions.
Belesis’ John Thomas Financial units reportedly booked nearly $2.24-million in fees for arranging loans–which carried interest rates of 18% and 20%–and private placements. They allegedly took in $15,000 a month in consulting fees for providing Amber Ready business advice.
After an equity-capital raise in the summer of 2009, Belesis was instrumental in an AMBER Ready promotional concert at ABC Studios in New York’s Times Square, at a cost of $2-million. A lawsuit was launched alleging that more than $475,000 was spent on public relations–with $354,000 allegedly unpaid.
If you were a client of Anastasios “Tommy” Belesis, and/or his firm, John Thomas Financial, you may have a potential claim for recovery. Call Soreide Law Group for a free consultation with an attorney: 888-760-6552
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com