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Bogus!

Six people claim The Hit Channel and William Hobbs, of Los Angeles, defrauded them of $75,000: that they issued a stock valuation made with no basis, and claimed the company had 12 million outstanding shares though it was authorized to issue only 1,000, in L.A. Superior Court.

LOS ANGELES — Six people claim The Hit Channel and William Hobbs, of Los Angeles, defrauded them of $75,000: saying they issued a stock valuation made with no basis and claimed the company had 12 million outstanding shares though it was authorized to issue only 1,000, in L.A. Superior Court.

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