Allegation notice. A public-record registry of filing relationships; Cane was indicted (2014) and acquitted (2018). No wrongdoing is asserted by the registry itself.
back to the report the Cane shell factory
Cane O'Neill Taylor → Cane Clark → Cane Clark Agency

The Cane Shell Factory

One practice, led by Kyleen E. Cane, ran the whole assembly line — SEC filing agent, Nevada registered agent, securities counsel, and secured creditor — across 672 entities and 6,274 EDGAR submissions (1999–2015). The sophistication was structural: Cane ran multiple enterprise-member cells in parallel (Wallace her key operative), and in each she held every lever at once — the officer seat, the opinion letter, the EDGAR credential, and the note that could seize the company. That last lever is the tell. A blank-check shell is a machine for issuing stock and recording who owns it; control the entity and you control the shareholder register. The note was how Cane converted concealed control into stock and concealed it back out — kept off the SEC record to circumvent beneficial-ownership reporting, to place unregistered securities, and, when a shell had served its purpose, to conceal the evidence: a bankruptcy to extinguish the shareholders who might ask, offshore nominees to sever ownership from the record, and a filing-agent switch to erase her own fingerprint as the dump began. This page traces that factory — the firm CIKs, the cells, the edgarizer fingerprint, the note-as-control ledger, the Davi Skin hand-off, and the Dynamic-Associates genesis where the model was first run.

1

The firm CIKs — one desk, four hats

The sophistication of the enterprise is that a single practice held every lever at once. Under these CIKs Cane was simultaneously the SEC filing agent, the Nevada registered agent, the securities counsel who wrote the opinion letters, and the secured creditor who held the note. In EDGAR the accession prefix is the filing agent's CIK — so the same desk that prepared a shell's disclosures also controlled who appeared on its shareholder register.

EntityCIKRolePeriodNotes
Cane Associates—law firm (earliest name)c. 1994–1999Kyleen Cane's earliest firm trade name — the attorney-escrow account named in the Thomas & Wong loan-fraud trial record. Offshore roots run earlier still: the ICIJ Panama Papers database ties a Cane-linked entity incorporated through Mossack Fonseca on 23 Oct 1986 — offshore infrastructure predating the domestic shells.
Cane O'Neill Taylor LLC1075793filing agent1999–2003First-generation filing agent · 137 entities · 878 submissions
Cane Clark LLP1255294filing agent2003–2015Primary agent + opinion letters + securities counsel · 430 entities · 5,270 submissions
Cane Clark Agency LLC—registered agentc. 2004–2015Nevada registered agent · 202 entities · the state-facing shadow portfolio
Michael A. Cane (individual)1144030individual filer~2001–2005Personal CIK for beneficial-ownership filings
Jan Wallace (individual)1286757individual filer~2003–2010Personal CIK for Wallace SC 13D reports
2

The enterprise-member cells

Cane did not run one scheme; she ran parallel cells, each a controlled shell staffed by the same small roster of nominees, with Wallace her key operative agent. Each swimlane is a person; each bar is an entity involvement across time, colored by the role mechanism. Only the two edgarizer-verified cells appear — Cane (agent, counsel and creditor) and Wallace (primary operator) — with the nominees who signed inside their Cane-filed shells (Sim, Johal, Lakha, D. Clark). Diamonds mark single-appearance filings; the broader union-find hunter / doney / moll-anderson clusters are excluded (zero filings by Cane's agent CIKs). Same visual language as the name-change timeline below.

creditor / control instrument officer / director / nominee filing agent / counsel beneficial-owner / personal CIK
3

The edgarizer fingerprint — Cane preparing Wallace's filings

Why this filing-agent analysis carries weight: in SEC EDGAR the accession-number prefix is the filing agent's CIK, so every filing Cane's own firms prepared carries her signature. 116 filings that name Jan Wallace were filed under Cane O'Neill Taylor (CIK 0001075793) or Cane Clark LLP (CIK 0001255294), across four entities over a decade — the structural connection between counsel and operator, corroborated by both principals' depositions. Click a count to list the exact accessions.

EntityCIKCane-filed, naming WallaceDate rangeForms
Davi Skin, Inc.105957754 filings Sep 1999 – May 2006S-1/A · 10-KSB · 10-QSB · 8-K · DEF 14A · SC 13D · SC 14F1 · S-8
Galaxy Gaming ← SDI1315643 filings May 2005 – Mar 200910-K/KSB · 10-Q/QSB · 8-K · DEF 14A/C · S-8
Dynamic Associates → LATI87814616 filings Apr 1999 – Jul 200210-KSB · 10-QSB · 8-K · DEFM14A / PREM14A
Jan Wallace (individual CIK)12867573 filings Apr 2004 – Apr 2006Forms 3, 5
Total116 filings1999–2009+150 filings / 12 entities on the broader “Wallace” term
4

The note as control instrument

Concealed to circumvent SEC beneficial-ownership reporting — and to conceal ownership, unregistered stock, and evidence.

The promissory note was the enterprise's instrument for converting concealed control into stock — and for seizing a shell back through bankruptcy. Across the controlled companies, Cane Clark LLP (filing agent + securities counsel) and her agent Jan Wallace (and the Wallace nominee Grace Sim) repeatedly stood on both sides — the company's representative and its secured creditor. The note was kept off the SEC record on purpose: an undisclosed related-party instrument evades §13(d)/§16 beneficial-ownership reporting, lets unregistered stock issue on conversion to offshore nominees, and — once the shell has served its purpose — a bankruptcy extinguishes the outside shareholders who might ask. Control the entity and you control the shareholder register. Every entity below is one where Cane, Cane Clark, or Wallace held a note, a secured claim, or a creditor position against a shell they controlled — amount, date, and the note-as-control mechanism. conf = confirmed against the cited accession; seed = brief-cited, not re-verified in-corpus.

EntityCIKHolderInstrument / amountDateMechanismFiling
Dynamic Associates → LATI1878146Wallace · Simdebt → stock13 Jun 2001insider conversion seedSEC
MW Medical, Inc.21059577Jan Wallace (sole secured creditor)$615,871 → ~$1.19Maccrued 2000–02 · Ch.11 2002bankruptcy conversion confSEC
MW Medical / MW Asia31059577Grace Sim (Wallace nominee)$94,32815 Mar 2003wage-note / plan seedcourt/FEC
Davi Skin, Inc.41059577Wallace note → converted by Cane$200,000note 2003 · conv 3 Apr 2007offshore nominee seedSEC
Sedona Software Solutions51100131Cane Clark LLP$28,265.80 + note1 May 2005fee-for-stock → 74% confSEC
IB3 Networks61350962Cane Clark (fee creditor)$25,5002007–09fee (unconverted) confSEC
Davi Skin (Lakha facility)71059577Amin S. Lakha$2.2M → $536,1632008senior secured conv. confSEC
Secured Diversified Investments (SDI)813156Cane Clark LLP (counsel + creditor)$276,000+16 Jun 2008involuntary Ch.11 seedcourt/FEC
Galaxy Gaming (via the SDI shell)913156Cane Clark LLP$125,000Feb 2009shell-delivery fee seedSEC
CrossClick / Co-Signer101487659Cane Clark / Kyleen Cane2 notes29 Jun · 30 Nov 2012convertible notes confSEC
Voters for Hillary PAC11—Kyleen Cane (lender)$10,700 @18%2014–15PAC loan seedcourt/FEC

Mechanism & effect — note by note. The table stays to the numbers; each row’s control mechanism and what it accomplished is set out below, with its source.

  1. Dynamic Associates → LATI. Wallace and Sim settled their own claims against the shell for ~80,875 and ~45,264 shares as the Cane bloc consolidated 85.7%. Dynamic Assocs., Inc., Form 8-K (SEC filed Aug. 13, 2001); Schedule 13D, Acc. 0001075793-01-500095 (June 28, 2001). SEC EDGAR
  2. MW Medical, Inc.. Wallace wrote her own plan and converted $375,000 of the note into 74,000,000 shares at $0.005 — 74.1% control; outside equity wiped. MW Medical, Inc., Form 10-KSB (SEC filed May 15, 2002). SEC EDGAR
  3. MW Medical / MW Asia. Priority wage claim; Sim took 95% of the MW Asia / NW Asia paper shell under the plan. In re MW Medical, Inc., Joint Plan of Reorg., No. 02-01090-PHX-RTB (Bankr. D. Ariz.).
  4. Davi Skin, Inc.. Cane, as Secretary/GC, executed the 3 Apr 2007 conversion to 2,295,388 shares (15.88%) in four equal blocks to the LOM Bermuda nominees (Arch, Hepburn, Sunshine, Chloe) at 3.97% each; the public disclosure 8-Ks were signed by Wallace and Johal, not Cane, and the offshore beneficial ownership was never disclosed. Conversion executed by Cane per the investigation record (Apr. 3, 2007); disclosed in Davi Skin, Inc., Form 8-K, Acc. 0001144204-07-039569 (SEC filed Aug. 1, 2007), signed by Wallace and Johal. The prior citation to the 2005 Form 10-QSB (Acc. 0001255294-05-000310) predated the conversion and was corrected. SEC EDGAR
  5. Sedona Software Solutions. The Cooper directors transferred 4,000,000 shares and assigned the note to Cane Clark LLP, which then held 74% of the voting stock; David Clark installed as sole officer; deregistered (Form 15-12G) June 2006. Sedona Software Solutions, Inc., Form 10-KSB (SEC filed Dec. 1, 2005). SEC EDGAR
  6. IB3 Networks. Unconverted fee claim held by Cane Clark as counsel and filing agent against a controlled shell. IB3 Networks, Inc., Form 10-QSB, Acc. 0001255294-08-000403 (SEC filed Apr. 24, 2008). SEC EDGAR
  7. Davi Skin (Lakha facility). A genuine outside senior-secured convertible facility layered over the concealed insider note — later reduced to $536,163. Davi Skin, Inc., Form 10-QSB (SEC filed May 20, 2008). SEC EDGAR
  8. Secured Diversified Investments (SDI). Cane forced her own client into bankruptcy (Bankr. D. Nev.); the joint plan delivered the shell to Galaxy Gaming and issued 25M unregistered shares. In re Secured Diversified Inv., Ltd. (Bankr. D. Nev. June 16, 2008).
  9. Galaxy Gaming (via the SDI shell). Payment for the reverse-merger vehicle; Saucier took 58.34% through a single nominee. Galaxy Gaming, Inc., Form 8-K, Acc. 0001255294-09-000047 (seed — not re-located in-corpus). SEC EDGAR
  10. CrossClick / Co-Signer. A direct financial stake in the very stock the “Voters for Hillary” Super PAC would later inflate. Co-Signer, Inc., Form 8-K (SEC filed Nov. 8, 2013) (Kyleen Cane signed as Partner). SEC EDGAR
  11. Voters for Hillary PAC. Cane as creditor to the PAC used to inflate CrossClick stock — made while under federal indictment in U.S. v. DiScala. Voters for Hillary PAC, FEC record (outside the EDGAR corpus).

Additional: Forensic briefs Entity Genealogy, MW Medical, SDI, Davi Skin, Super PAC, Cane Aggregate Fraud; In re MW Medical, No. 02-01090-PHX-RTB (Bankr. D. Ariz.); SDI involuntary petition (Bankr. D. Nev., 16 Jun 2008); Cross Click Media Form 10-K, Acc. 0001262463-15-000678. Galaxy Gaming ($125K) and the two CrossClick note amounts are stated in the SEC filings; both are flagged for a primary-source dollar check.

Sedona — the note against the client. Cane Clark did not only paper the shells; it took them over as creditor and majority shareholder. In Sedona Software Solutions (CIK 0001100131), by a Stock Transfer Agreement effective 13 May 2005, the departing Cooper directors transferred 4,000,000 shares to Cane Clark LLP and assigned it a promissory note dated 1 May 2005; in exchange the firm forgave the $28,265.80 in accrued legal fees the company could not pay, promised future legal services, and agreed to pay the Coopers $100,000 out of any resale — leaving Cane Clark holding 74% of the voting stock (Sedona Form 8-K, Acc. 0001255294-05-000334) with David Clark as sole officer, and the company run out of Cane Clark's offices (Sedona Form 10-KSB, Acc. 0001255294-05-000780). Sedona was deregistered (Form 15-12G) in June 2006 — note the “China Resort Holdings” successor label carried in the network dataset is not borne out by Sedona's own EDGAR record. The stock those shells issued moved through offshore nominee accounts at LOM Securities (27 Reid St., Hamilton, Bermuda) — the Bermuda broker-dealer the SEC charged below.

SEC v. Lines (LOM Securities) — complaint · 19 Dec 2007
SEC v. Lines (LOM Securities) — complaint 1 / —
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  1. The offshore rail. LOM Securities held the CEDE & Co. / offshore nominee accounts through which the free-trading stock of the controlled shells was placed — the mechanism that severed beneficial ownership from the public record.
  2. Charged by the Commission. SEC v. Lines, No. Comp. 20407 (S.E.C. Dec. 19, 2007) — the enforcement action against the LOM principals and their Bermuda broker-dealer infrastructure.
  3. Same posture as Sedona. Cane Clark as filing agent, securities counsel, and secured creditor; LOM as the offshore custodian — two ends of the same laundering rail.
5

Davi Skin — Filer of Record, the $200,000 note, and the Hand-off

Davi Skin is the worked example of the whole method: the shell where the concealed insider note was converted to offshore free-trading stock, and where Cane's own filer fingerprint was scrubbed from the record precisely as the dump executed. For Davi Skin / MW Medical (CIK 0001059577) the filer of record traces a clean line — and then, at the liquidation, it is deliberately erased:

  • Cane O'Neill Taylor LLC (CIK 0001075793) — 3 Sep 1999 → 13 Aug 2003.
  • Cane Clark LLP (CIK 0001255294) — 13 Nov 2003 → 22 May 2006; a 14-month hiatus, then a brief 2007 return for four isolated filings ending with an NT 10-Q on 14 May 2007 — Cane Clark's last Davi filing of record.
  • Vintage Filings, LLC (CIK 0001144204) — 1 Aug 2007 → Apr 2008.
  • → Baum Law Firm (CIK 0001173473, La Jolla CA) — filed the Q1 2008 10-QSB on 20 May 200843 and the surrounding NT 10-K / 10-KSB / 8-K batch.
  • → Format Inc. /FA/ (CIK 0001137091) — 11 Jul 2008 → 26 Jan 2009 (the Q2 2008 10-Q and the SEC staff CORRESP/UPLOAD on the unresolved disclosure). That filer was later renamed twice and is today Power Solutions International, Inc., 201 Mittel Drive, Wood Dale, IL 60191.
  • A residual filer (CIK 0001250853) filed two Form 3s on 5 Apr 2010; the SEC revoked Davi Skin's §12(g) registration on 27 Aug 2012. Cane Clark never returned as filer of record after May 2007.

That hand-off is the whole point: moving off Cane Clark — to Vintage, then Baum, then Format Inc. — stripped Cane's filer fingerprint from the public record exactly as the offshore dump executed, letting her keep officer-level control of the filings' content while distancing herself from the dumping. View the Q1 2008 accession on SEC EDGAR

The $200,000 note — how a secured insider’s claim survived bankruptcy, and how Cane moved it offshore. The MW Medical Chapter 11 (In re MW Medical, No. 02-01090-PHX-RTB, Bankr. D. Ariz.) wiped other people’s debt but preserved Wallace’s own: at confirmation (19 Nov 2002) Class 6 did not discharge her secured claim — it reissued the note under the same all-asset UCC interest. That residual rode the cleansed shell into Davi Skin and was trimmed in Jun 2004 to a $200,000 convertible note (10%, → 1,000,000 sh @ $0.20); Medley then asked Cane to leave the room and asked Wallace for a blank assignment, staging it for nominee transfer. On 11 Apr 2006 Cane emailed Wallace the full package — note, partial cancellation, assignment, and the $200k→1M-share conversion election — from [email protected]; yet deposed 18 Dec 2006 she denied drafting or seeing it, and that email contradicts the testimony. On 3 Apr 2007, as Davi Skin’s Secretary/GC, Cane converted the note to 2,295,388 shares (15.88%) in four equal blocks to the LOM Bermuda nominees (Arch, Hepburn, Sunshine, Chloe) at 3.97% each — concealed offshore free-trading stock, no SEC disclosure. Cane is named nowhere in the plan; Wallace appears as “a director and President … also the secured creditor.” open the plan

Sources: Joint Plan / Disclosure Statement, In re MW Medical, No. 02-01090-PHX-RTB (Bankr. D. Ariz.); MW Medical 8-K (Acc. 0001075793-03-000161) & 10-QSB (Acc. 0001075793-03-000332); Medley v. Wallace, No. CV 06-3370 (C.D. Cal.) depositions (18/20 Dec 2006); the 11 Apr 2006 Cane→Wallace email package. (Distinct from the plan’s separate $200k receivable — Dynamic’s 1998 obligation to MW Medical — do not conflate.)

6

The genesis — the Medicare-fraud crew Dynamic came from

Cane did not build the flagship shell from nothing. Dynamic Associates, Inc. (CIK 0000878146) came to the enterprise already run by a healthcare-fraud crew, and Cane weaponized that inherited vehicle for securities fraud. On 30 August 1995, controlling interest in Dynamic was co-acquired by David Hunter, Harry Moll, and Jan Wallace. Hunter was installed as Director and Secretary at $45,500/yr with 0% beneficial ownership — and, unlike Wallace and Sim, his biography was omitted from every Dynamic SEC filing: the criminal history scrubbed from the public record from day one.

David Hunter — the indicted operative. The pattern he brought is the enterprise's template, run first in healthcare and then in securities:

  • Convicted, then installed. Hunter had just been convicted of nineteen counts of Medicaid fraud — “Payment to a Non-Licensed Physician,” Wilkinson County, Mississippi (Sept. 1995) — when the crew put him atop Dynamic.
  • Indicted 21 days after the acquisition. United States v. Hunter, No. 5:95-cr-00020-DCB (S.D. Miss.) — a federal grand jury indicted him three weeks after he co-acquired Dynamic. Guilty plea 22 Jan 1996; judgment 24 Apr 1996; he reported to federal prison (FCI Texarkana, #04178-043) on 20 Jun 1996.
  • Barred from the very programs Dynamic billed. HHS-OIG excluded Hunter from all federal healthcare programs effective 29 Oct 1996 (42 U.S.C. §1320a-7(a)(1)) — while he sat over a company whose subsidiary was billing Medicare.
  • The billing operation. Dynamic's Genesis Health Management subsidiary was already a functioning $49.3M Medicare operation when the crew took it; the SEC filings disclosed none of Hunter's conviction, indictment, or exclusion.
  • Not the only one. A second OIG-excluded individual, Dr. Robert B. Spertell, M.D. (excluded 9 Oct 1991), was employed at the commonly-controlled MW Medical sibling subsidiary 1996–1999 — two program-excluded, fraud-tainted individuals inside one commonly-controlled Medicare enterprise.
  • Then certified clean. When the health assets were sold — Perspectives Health Management → Horizon Mental Health, Oct 2001 — Michael A. Cane signed the buyer certifications swearing no employee had been convicted under, or barred from, Medicare/Medicaid (Form 8-K, Acc. 0001075793-01-500222, Ex. 10.1 §§ 2.12, 2.22) — a representation that was materially false.

The cells behind the shell. Hunter and Moll are the healthcare-fraud roots the member-cells chart above deliberately sets aside — the hunter and moll-anderson union-find clusters that show zero filings by Cane's agent CIKs. They are the crew Cane inherited the vehicle from; the securities-fraud layer she added on top — the concealed notes, the offshore nominees, the filing-agent switch — is everything the sections above trace. Dynamic → LATI → MW Medical → Davi Skin is that same tainted vehicle, recycled.

Sources: Forensic brief Genesis / Medicare Fraud §§ VII, X (2025); Dynamic Associates acquisition (30 Aug 1995) (“Moll and Wallace are principals of Dynamic”); United States v. Hunter, No. 5:95-cr-00020-DCB (S.D. Miss.); HHS-OIG List of Excluded Individuals/Entities (Hunter, excl. 29 Oct 1996; Spertell, UPIN A47027, excl. 9 Oct 1991); Perspectives–Horizon Asset Purchase Agreement, Form 8-K Acc. 0001075793-01-500222 (9 Oct 2001), Ex. 10.1. Full brief: docs/DYNAMIC-SHELL-GENESIS.md.

7

Name changes & shell recycling

Every entity in the Cane filing-agent network whose registered name changed on the SEC record — the recurring signature of reverse mergers and shell reuse. Cane's own shells — Dynamic / LATI → MW Medical → Davi Skin, and SDI — are pinned at the top; scroll within the panel for the full network.

8

Corporate genealogy

The full name-lineage of each entity in the network — former names → current name — with Cane's core shells pinned first. Scroll within the panel for all CIKs.