The Companies

The Many Companies of Vicom

The government has a word for the practice of brining up a company, accumulating debt and assets, transferring the assets to a new company and then closing the one with debt.  It's called 'Pyramiding'.  This is what I believe they were doing.  Most of the companies stayed in existence for less than a year.  Assets were transferred to associates for less than their value and then transferred back into a new company.  Customers, phone lines, furniture, employees, sometimes even the same office locations, was merged into a new company name leaving the investors of the old company with nothing but debt.

<Unknown Name>

2003 - ?

Text Box: <Unknown Name>
2003 - ?
MPact Development

2002 - 2003

Text Box: MPact Development
2002 - 2003
Hypervelocity

2001 - 2002

Text Box: Hypervelocity
2001 - 2002
Vicode

2001-2002

Text Box: Vicode
2001-2002
Vicom

2000 - 2001

Text Box: Vicom
2000 - 2001
MJM - PC Solutions

1998 - 2000

Text Box: MJM - PC Solutions
1998 - 2000
<Name Unknown>

??? - 1998

Text Box: <Name Unknown>
??? - 1998
Vicom wasn't 'The' company, any more than any of the others were.  Here is the string of companies that I know about.  There were more before and I would guess there will be more later.  The flow shows the asset, customer and money flow. (Follow the money.)

 

                                                     Location: North Sheridan.

                                                     Owners:  Max Stevens and Robert Jaster 

 

 

 

                                                    Location: North LakeView and 833 N Chicago

                                                    Owners: Mark Bruce, Max Stevens and Robert Jaster

                                                    Mark actually sold MJM and then brought it back under the same name in less than a year.

 

 

                                                    Location:  833 N. Chicago   

                                                    Owners: Mark Bruce,  Max Stevens, Robert Jaster, Al Petrangelo and other investors

 

 

 

                                                    Location: 833 N Chicago

                                                    Owners: Mark Bruce and Tim Waldusky

 

 

                                                    Location: 833 N Chicago and 1224 w. Van Buren

                                                    Owners: Max Stevens, Robert Jaster, Mark Bruce, Tim Waldusky

                                                    Al Petrangelo and other investors.   Stock Offering Info.

 

 

                                                    Location:  1224 w. Van Buren

                                                    Owners: Max Stevens, Robert Jaster, Mark Bruce, Rosemary Bruce, Tim Waldusky

                                                    Al Petrangelo and other investors

 

                                                    Location: 1224 w. Van Buren ???

                                                    Owners: ???

 

 

 

 

 

Additional companies that were added into the mix that money was 'moved through' were: Cornerstone, FinTech, 4 Star Capital and ICG.

 

 

 

 

 

 

 

Note: All information posted is believed to be true to the best of my knowledge.  I am not adequately familiar with laws or finance to be considered giving an 'expert' opinion.  All opinions posted here are just that.  Reasonable care and due diligence has been done to certify the information posted on this website.  This information may or may not have been verified and/or submitted in a court of law.  Information used on this web site may or may not be admissible in court. Requests for documents will be responded to within 10 days.  Any material regarded as libelous or false will be removed immediately upon notification.