Cutting into Nevada’s Election Fraud Knot, (Pt. 4 of 8)


In November 2007 CFIUS issued a ruling ordering Smartmatic to sell all of its shares in Sequoia Voting Systems in exchange for CFIUS dropping its investigation of Smartmatic. But what followed was far from what one might expect.

Following a ruling by the CFIUS, Smartmatic was ordered to sell to Sequoia’s management team- SVS Holdings Inc, (Sequoia Holdings). However, Smartmatic still retained some financial control over several aspects of Sequoia, ownership of the intellectual property rights of some of Sequoia’s election products deployed in the U.S., and the right to negotiate for overseas business.

It was only in April 2008 that these arrangements were revealed when Hart InterCivic, a competitor of Sequoia, attempted a “hostile takeover” of Sequoia Holdings. Through the discovery process made possible by the purchase offer it became evident that Smartmatic had not fully divested itself of Sequoia Holdings.

The purchase contract showed several elements of permanent control over Sequoia Holdings.

  • Smartmatic still retained some financial control of Sequoia Holdings.
  • Smartmatic also retained ownership of intellectual property rights for some of Sequoia’s currently deployed election products in the United States.
  • Sequoia Holdings reserved the right to negotiate non-compete contracts overseas.
  •  

These arrangements were allegedly made with the review and approval of CFIUS. Sequoia Holdings faces substantial legal liability for infringement of intellectual property rights and repeated voting system failures.

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