The documents, portions of which we have placed below for your consumption, allege:

· THAT Axium funds were used to pay for an apartment and automobile for former SI Swimsuit and soft-core porn actress (link NSFW) Amber Smith. She also allegedly received numerous "large payments" by her work as a "consultant." (Page 12)
· THAT John Visconti doesn't only answer to the name John Visconti (as we asserted the other day). He also answers to the names Bijan Manoochehri and John Manocheri! (Page 1)
· THAT John Visconti has been issued and uses multiple social security numbers (Page 4)
· THAT the partners gave themselves a monthly allocation to lease ultra-luxury cars, including a Rolls Royce Phantom, a Range Rover, a Maserti Quattroporte, an Aston Martin convertible and a Bentley Coupe, at an annual cost of $462,000!
· THAT the duo milked the company for $500,000 to $1 million in annual private jet expenses for non-business-related trips. (Page 10)
· THAT an armored car delivered the two $8,000 cash per week beginning in 2005. (Page 11)
· THAT Visconti racked up a $40,000 Tiffany's bill on his corporate AMEX card for Valentine's Day presents, funds which were never reimbursed. (Page 11)
· THAT the defendants used Axium funds to pay the IRS tens of millions of dollars in previously undisclosed tax liabilities (Page 3)
· THAT Visconti's "Calle Vista Property" (90210!) has repeatedly been transferred back and forth between UAF and John Visconti under a "bona fide gifts" tax provision. (Page 5)
· THAT the two partners "exerted and maintained domination" of the company by mandating that any email sent by Axium's officers to one of the partners MUST include a copy to the other partner. (Page 8)

Phew, did you get all that? More to follow, keep those tips coming!

This handy summary of what went down in the last few months of Axium's history comes from a tipster.

Things are worse than they seem and I bet this story is going to get uglier and uglier. Nobody knows any of this for sure. But here are some rumors that had been floating around the company.

1. Axium 'forgot' to pay some pretty high tax bills recently.
2. The 2 formally in charge, John Visconte, and Ron Garber, used to work in Wilshire and had bullet proof glass in their office.
3. Those same two were let go from their positions about a month ago. No warning. No nothing.
4. Two months ago the company laid off all their contractors and many employees. I would guess the total number of laid off: 60
5. The company was spread VERY thin. We offered things like check-cashing services to personal loans to employees to a real estate division (that nobody really knew anything about).
6. Bottom line - the company was fucked. Most people believed there were shady things going on. But i guess what we didn't know - didn't hurt us.

Um, wow. Being the intrepid gumshoes that we are, we did some additional digging and found out that two of Visconti's other companies, Unity America Fund and Park Avenue Productions, were found to part of a 2005 campaign contributions reprimand that Los Angeles mayor Antonio Villaraigosa recently received. Keep those tips coming, we'll have more on this story as the week progresses.