Legal Mandate: Court Orders Against Victor Angermueller's Unfulfilled Financial Obligations

Below, you will find court orders substantiating the case against Victor Angermueller.

Following an extensive and vigorously contested legal proceeding, the Supreme Court of the State of New York has issued a judgment indicating that Victor Angermueller owes and has owed a substantial amount of money which he has failed to pay. It is imperative to review the provided court papers to gain a comprehensive understanding of the legal context and the directives outlined by the esteemed court.

AX Trading Group Inc (ATGI) Financial Irregularities Analysis

Upon reviewing the subpoenaed general ledgers of AX Trading Group Inc. (ATGI) for the years 2019, 2020, and 2021 (can also be viewed at the bottom of this analysis), we identified several irregularities that strongly suggest financial misconduct. These anomalies include improper linking of expense accounts, unexplained large transactions, and questionable asset account activities. Below is a detailed analysis of these findings.

Overview of General Ledgers

A general ledger is a comprehensive record of a company’s financial transactions, organized by specific accounts, such as cash, accounts receivable, accounts payable, sales, and expenses. Each account should reflect transactions from appropriate sources, like bank accounts or liabilities. However, ATGI's ledgers reveal numerous transactions that deviate from these norms, suggesting deliberate obfuscation.

Irregularities Identified

1. Mislinked Expense Accounts

a. Healthcare Expense Account (2020):

The Healthcare account ledger for 2020 displays transactions that should not appear under this account. Instead of being linked to bank accounts, asset, equity, or liability accounts, it includes entries for other expense accounts like 'Meals & Entertainment,' 'Bank Service Fees,' and 'Office Expense.' Such categorization is illogical and suggests an intentional effort to distort financial records.

For example, the ledger begins with an entry for 'Meals & Entertainment,' followed by 'Bank Service Fees,' then 'Office Expense.' Additionally, there are two pairs of mutually negating Citibank records, followed by another 'Meals & Entertainment' entry for nearly $6,000. This pattern of entries is highly irregular and indicates potential financial misreporting.

b. Meals & Entertainment Expense Account (2020): 

The Meals & Entertainment account also shows irregular linking of transactions. Many entries within this account link back to itself or to other unrelated expense accounts such as Office Expenses and Bank Service Fees. This self-referencing should not affect the account balance, yet it does, suggesting manipulation.

2. Unrecorded and Misrepresented Transactions

a. Bank Service Fees Account (2020):

The Bank Service Fees account ledger presents another significant issue. While there’re many bank service fees recorded in the bank account general ledger, they are conspicuously absent from the Bank Service Fees account ledger, despite significant amounts being involved. For instance, a bank service fee of $25,000 recorded on 01/08/2020 reducing the balance of the main checking account, yet this transaction does not appear in the Bank Service Fees ledger.

b. Meals & Entertainment Expense Account (2020): 

Similarly, a Meals & Entertainment transaction reduced the bank account by $9,691.47 on 01/10/2020, but this amount is also missing from the relevant expense account ledger. The absence of these entries suggests either severe accounting errors or intentional concealment.

c. Consulting Services Account:  

The Consulting Services account further demonstrates inconsistencies, with many transactions inexplicably linked to the Bank Service Fees account. However, these linked transactions do not appear on the Bank Service Fees account ledger. This discrepancy is indicative of improper financial management or potential fraud.

3. Suspicious Asset Accounts

a. Investment in AX Trading LLC:

The financial statements reveal that ATGI’s irregularities are connected to two specific asset accounts:

• Due From AX Trading LLC

• Investment in AX Trading LLC

AX Trading LLC, another entity owned by Victor Angermueller, was closed down, yet significant transactions are recorded under these accounts. For example, on January 31, 2021, the Investment in AX Trading LLC account shows a final value of $6,062,836 on ATGI’s general ledger for 2021. The legitimacy of this asset value is questionable given the inconsistencies observed in the prior years' ledgers.

4. Bounced Wire Transaction

In early 2020, an incoming deposit of $80,000 was recorded as a bounced wire. Strangely, no corresponding outgoing wire was recorded at any point, yet the bank account ledger shows this transaction as inflating the balance. The appearance of this bounced wire out of thin air, linked to the same checking account, raises serious concerns.

Conclusion

In summary, the numerous irregularities identified in ATGI's general ledgers for 2019, 2020, and 2021 (all found below) strongly indicate that the company engaged in deliberate financial manipulation. The consistent mislinking of accounts, the unexplained large transactions, and the suspicious asset recordings suggest a concerted effort to misrepresent the company’s financial situation. These findings warrant further investigation to uncover the full extent of these activities.

                     2019                                                         2020                                                       2021

Update: Victor Angermueller Looks to File for Bankruptcy

Contact us

Should you possess any information pertaining to Victor Angermueller's assets, we kindly invite you to contact us, should you wish to contribute to our efforts. Your cooperation in this matter is greatly appreciated.

legal@thenaturalsapphirecompany.com