Financial Filings for UCHB

FIND THE FRAUD IN UC HUB'S (UCHB) SEC FILINGS
(DISCREPANCIES LISTED UNDER EACH YEAR'S 10-K DATA)

BACKGROUND MATERIAL:
SEC Provided Data:

2009 -  SEC Financial Filing for UCHB
ASSETS


LIABILITIES

NET LOSS


2009 DISCREPANCIES

#1. Larry Wilcox pockets an Extra $237,218.
- UCHB only has ONE Employee – Larry Wilcox.
- Larry Wilcox is the only officer of UCHB (that draws a salary).
- Larry Wilcox’s salary is $360,000/year
- 2008 Accrued Officer Salary: $466,282
- 2009 Accrued Officer Salary: $1,063,500
-  So Wilcox was paid $597,218 in 2009 ($1.063,500 -$466,282)
- That’s $237,218 more than his salary of $360K

#2. $297,000 - just moved?

- In 2008, $297,000 was listed for “Licenses and Software”
- In 2009, that $297,000 was listed under “Computer and Equipment”
- No explanation of this in the SEC filed report (just clever accounting I guess?)

# 3. UCHB Hides $251,893?

- UCHB’s “Computers & Equipment” goes from $297,000 to $45,105 in ONE YEAR.
- I’ve never seen a depreciation schedule like that? (a quarter million dollars)
- No Revenue to support the sale of “Computers & Equipment”?



#4. How can you call an increase in expenses a reduction?

#5. This was actually Filed with the SEC:

#6. How is losing more money in 2009 then 2008 an improvement?

#7. Who's Larry Wilcox's accountant - Anthony Mellone?

- Why is the $29,844 negative?


#8. Is Larry Wilcox Serious – When he submits a 10- K with this?

Source for data/images: http://www.sec.gov/Archives/edgar/data/1072935/000127100809000009/f10kuc73109.htm
http://www.sec.gov/Archives/edgar/data/1072935/000127100808000019/f10k7312008final.htm



2008 - SEC Financial Filing for UCHB
ASSETS

LIABILITIES

NET LOSS

2007 - SEC Financial Filing for UCHB
ASSETS

LIABILITIES

NET LOSS


2006 - SEC Financial Filing for UCHB

LIABILITIES

NET LOSS

2005 - SEC Financial Filing for UCHB
ASSETS

LIABILITIES

NET LOSS

2004 - SEC Financial Filing for UCHB
ASSETS

LIABILITIES

NET LOSS


Source of Data:
UCHB(UC HUB) Year End Statemets Files with SEC:

2009:  http://www.sec.gov/Archives/edgar/data/1072935/000127100809000009/f10kuc73109.htm
2008: http://www.sec.gov/Archives/edgar/data/1072935/000127100808000019/f10k7312008final.htm
2007: http://www.sec.gov/Archives/edgar/data/1072935/000114420407060416/v093741_10ksb.htm
2006: http://www.sec.gov/Archives/edgar/data/1072935/000114036106016106/form10ksb.txt
2005: http://www.sec.gov/Archives/edgar/data/1072935/000114036105011148/doc1.txt
2004: http://www.sec.gov/Archives/edgar/data/1072935/000101540205000120/doc1.txt

All of SEC Filings for UCHB:
http://www.sec.gov/cgi-bin/browse-edgar?company=uc+hub&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany