By Staff Writer:
The Monrovia City Court on Monday, July 28, 2025 sent to jail an American national identified as Leonard Wayne Kragness who conspired with a lawyer named Koisee L. N. Garmo II and a man only identified as Fahn Garmo for allegedly stealing over four billion United States Dollars from a company and as well defrauding the Government of Liberia of its needed revenue.
“You are hereby commanded to arrest the living bodies of: Leonard Wayne Kragness defendant/s to be identified, and forthwith bring them before the Monrovia City Court, Temple of Justice Building, Monrovia County to answer to the charge of: criminal conspiracy, criminal facilitation, forgery and theft of property based upon the complaint filed by a foreign businessman identified as Fida Sardor Hussian in Violation of Section 15.70. 15.51, 10.4, 10.2 of the New Penal Law of Liberia,” L. Ben Barco, the Stipendiary Magistrate of the Monrovia City Court instructed.
The Private Prosecutor of the City of Monrovia, appears before the court on Monday and complained that the defendant during the period of 2024, in the Counties of Montserrado, Grand Kru and Sinoe, the defendant Leonard Wayne Kragness, having being in the employed of the complaint’s entity with the responsibility to file in mineral mining exploration application, (license) for three mining block and energy conspired with co-defendant Koisee IN Garmo,Il and purporting as 100% shareholder and owner of Sinoe Mining and Exploration, INC. and in the process, co-defendant Garmo criminally wrote and signed an attestation letter to Mr. Erwin Mulder CEO of Ace Global B.V. Breitnerlaan 352, 2596, HH, the Hague, Netherlands.
According to the court record, the defendant knowingly forged the signature of Oliver Fahn Garmo on a mineral exploration letter for Green Resource Liberia which resulted into the loss of three defined Mineral Blocks 1,2, and 3 with deposits of mineral largely gold value (US$4, 819,321, 807) four billion Hundred, eight hundred Nineteeen Million, Three Hundred Twenty One Thousand, Eight Hundred Seven United States dollars. The alleged acts of the defendant are criminal, illegal and unlawful.
The Unauthorized Withdrawal of Funds between August 2012 and April 2024, Mr. Kragness accumulated unauthorized debt from various sources for business purposes, aggregating US$3,544,035, without the knowledge or prior approval of the CEO. He used the majority of the debt privately and did not utilize it for the exploration and development of mineral assets, the primary objective of mineral exploration licenses. On July 11 and 12, 2024, Mr. Leonard Wayne Kragness ransacked the company account and transferred all the funds to his company AA Agro’s account at Ecobank.
Additionally, the withdrawals of $60,000 and $90,500 are significant recent examples of the ongoing violations. The total amount withdrawn from the company account by Leonard Wayne Kragness is US$ (3,544,035.00) three million, five hundred forty-four thousand, and thirty-five United States dollars. On July 13, 2024, a notice was issued to Kragness, requiring him to show cause for the unauthorized withdrawals in July 2024. Kragness did not respond and cut off all communications.
Regardless of the source and nature of the funds, whether from a friend or a banker, whether a loan or an equity investment, the corporate bank account is governed by the Company Bylaws and regulated by Liberian laws. Withdrawal of funds without justification and approval is a criminal offence. The impact compounds manifold when the illicitly withdrawn funds are used for the personal enrichment of defendant Leonard Wayne Kragness and to the complete disadvantage of Globe Minerals Mining Inc.
The defendant unauthorized withdrawal of Funds between August 2012 and April 2024, the defendant accumulated unauthorized debt from various sources for business purposes, aggregating US$3,544,035, without the knowledge or prior approval of the CEO.
He used the majority of the debt privately and did not utilize it for the exploration and development of mineral assets, the primary objective of mineral exploration licenses. On July 11 and 12, 2024, he again ransacked the company account and transferred all the funds to his company AA Agro’s account at Ecobank.
The withdrawals of $60,000 and $90,500 are significant recent examples of the ongoing violations. The total amount withdrawn from the company account by Leonard Wayne Kragness is US$ (3,544,035.00) three million, five hundred forty-four thousand, and thirty-five United States dollars. On July 13, 2024, a notice was issued to Kragness, requiring him to show cause for the unauthorized withdrawals in July 2024. Kragness did not respond and cut off all communications.
Regardless of the source and nature of the funds, whether from a friend or a banker, whether a loan or an equity investment, the corporate bank account is governed by the Company Bylaws and regulated by Liberian laws. Withdrawal of funds without justification and approval is a criminal offence. The impact compounds manifold when the illicitly withdrawn funds are used for the personal enrichment of Mr. Leonard Wayne Kragness and to the complete disadvantage of Globe Minerals Mining Inc.
The collusionof Mr. Leonard Wayne Kragness, Cllr Garmo, II, and Mr. Oliver Fahn Garmo would not have been familiar with the names Greenstone Resources Liberia Ltd, a company owned by Mr. Oliver Fahn 6100051392 at Ecobank.
We request that you investigate the source of funds, Criminal Colusion and Suspected Use of Company Funds withdrew from Sinoe Mining & Exploration Inc.’s bank account number readily suggests the crimes committed.
The defendant Kragness is suspected of having provided the funds he 11/09/2024, and MEL 7011524 dated 11/09/2024, with Cllr. Koisee I. N. Resources, Inc., a sister concern of Globe Mineral Mining Inc., had Garmo, II email address listed on each of the license applications covering GTBank, is established by the fact that the contents of both mineral licensing of these resources.
The convergence of these seemingly coincidental events Leonard Wayne Kragness and his company being the ultimate owners and thereby enabling him (Mr. Leonard Wayne Kragness) to attempt to monetize the said Geological Study or borrow against it potentially causing enormous losses to Globe Minerals Mining Inc. Notably, the undersigned majority shareholder entirely funded the geological reports culminating in NI 43-101 Technical Report and Feasibility Study dated April 09, 2024 and the underlying NI 43-101 Technical Report and Feasibility Study dated May 09, 2017 (the “Updated NI 43-101). Recent Past Example of Unethical Conduct of Cllr. Koisee I.N. Garmo, II had previously, on April 17, 2022, falsely certified and attested that Mr. Leonard Wayne Kragness was the 100% owner of Sinoe Mining & Exploration Inc. and the ultimate solo beneficial owner of the licenses held by Kalisma Resources, Inc.
We quote from his previous attestation: “This letter of attestation confirms that I, Mr. Koisee I.N. Garmo, II, (Liberian) Passport No.: [PP0045941]), am legal counsel for the Grantor, Mr. Leonard Wayne Kragness, (American) Passport No.: (642496212), Registered Address: Lot D-568 20th Street – Sinkor, Monroiva, Liberia, West Africa, email sinoemining@yahoo.com in the capacity as Principal/Supplier, (hereinafter called: the client) are ready, willing and able to participate in an asset investment and/or monetization transaction,”however, in reality, Mr. Kragness was neither a shareholder in Sinoe Mining & Exploration, Inc., nor was Sinoe Mining & Exploration, Inc. the ultimate beneficial owner of the licenses of Kalisma Resources, Inc., with both companies owned solely by Mr. Hussain at the time.
But Koisee I.N. Garmo, II falsely certified them, as stated hereinabove, that Mr. Kragness was the sole owner of Sinoe Mining & Exploration Inc. and falsely attested it to be the ultimate beneficial owner of the mineral licenses of Kalisma Resources, Inc. It took the undersigned serious effort to force Mr. Leonard Wayne Kragness to reverse the scam.
We submit that Cllr. Garmo, II, attesting to and certifying the proprietary intellectual property comprising NI 43-101 of Kalisma/Krugold Resources for the illicit benefit of Mr. Leonard Wayne Kragness, who has entered into a transaction with Ace Global B.V. of Holland.
