USD 14.6 million went into George Monemvasitis's company. No gloves came out.The full money never came back. Was this a glove scam from the start?
The records lead from George's Authentitech to Carlton Clark's Clark Business Law, American Wellness and Wallace Shimabukuro's M&W Suppliers. What they do not provide is the one thing that matters most: a complete account of where every dollar went.
George Monemvasitis
Authentitech · received USD 14.6M
Wallace Shimabukuro
M&W Suppliers · convicted intermediary
Image: 8 News Now
Money received
USD 14.6M
Transfer record
USD 12.637M
Court-pleaded payment
USD 8.398M
The fraud question George still has not answered
Money received. Gloves never delivered. Full repayment never made. If this was not fraud, where is the government contract and where is the money?
The connection map
Follow the USD 14.6 million fraud trail, name by name.
One payment entered Authentitech. The available records then split into conflicting paths, disputed payees, missing onward transfers and years of litigation. The arrows below show what each document connects. They do not fill the missing ledger.
Starting point · 6 October 2020
USD 14.6M → George Monemvasitis
The transaction chronology records the money entering George's Authentitech for the proposed United States government glove deal.
Control point
George Monemvasitis · Authentitech LLC
The company at the center of the transaction, the later lawsuits and the still-missing destination-by-destination accounting.
Branch A · questioned transfer record
Named recipient on the record
Carlton M. Clark · Clark Business Law
The attributed transfer record names Clark Business Law. Native bank confirmation and the complete onward ledger have not been produced in the published materials.
Missing onward accounting
The paper trail does not explain every subsequent recipient.
Branch B · glove contract and court record
Contractual counterparty
American Wellness LLC
Authentitech's complaint says American Wellness took USD 8.398 million for 646,000 boxes that were not delivered.
Intermediary
Wallace I. Shimabukuro Jr. · M&W Suppliers
The court ordered Shimabukuro and M&W to answer questions about the transaction and what happened to the USD 8.398 million.
Cargo chain
Jorge DeYarza · CMJ → Venkal → CRY Respond
A federal order later described 30 empty containers and two containers carrying empty boxes and trash. Zurich's pleaded fraud defense named CRY agents Jamal bin Omar and Krishna a/l Seloa Raju.
Separate George Monemvasitis court-record branch
George → Solos Limited
↓
Solos contact
Clive James McKerr
Identified in the judgment as being “of Solos.”
↓
Solos accountants
Michael Gibbons · MJG
MJG Partnership was identified as Solos's accountant and registered-office location.
→
Statutory-demand record
Thomas Darcy Greer
The judgment records Greer's affidavit supporting RC Aussie Hoops's demand against Solos.
Follow the missing millions
Three figures. Conflicting payees. Millions still unexplained.
Step 01
6 October 2020
USD 14.6M
Received by Authentitech
The transaction chronology records AUD 20,393,909.76, approximately USD 14.6 million, entering George Monemvasitis's company for a United States government glove transaction.
Step 02
12 November 2020
USD 12.637M
Transfer document appears
A transfer record attributed to Authentitech lists USD 12,637,500 sent to Clark Business Law. The document does not provide a complete onward ledger and requires native bank confirmation.
Step 03
21 December 2020
USD 8.398M
Payment pleaded in court
Authentitech's filed complaint says USD 8,398,000 was wired to American Wellness for 646,000 boxes of gloves that were not delivered.
The numbers refuse to reconcile
USD 4.239 million sits between two versions of the money trail.
The USD 12.637 million transfer record and the USD 8.398 million payment pleaded in court are separated by USD 4.239 million. The figures are not proof that one payment came directly from the other. They are a red alarm: no published ledger connects them, accounts for the difference or traces the full USD 14.6 million.
USD 12.637M
Transfer record
USD 8.398M
Court complaint
USD 4.239M
Unreconciled difference
The court record changes the story
American Wellness in the complaint. M&W in a later ruling. Which company actually got USD 8.398 million?
The complaint filed on 20 April 2021 states that Authentitech agreed to buy 646,000 boxes of nitrile gloves from American Wellness at USD 13 per box and wired USD 8,398,000 on 21 December 2020. It says the gloves were never delivered.
But the court's February 2023 ruling says Authentitech sought testimony from Wallace Shimabukuro and M&W about what happened to the USD 8.398 million “payment made by Plaintiff to M&W.” That conflict does not answer the money question. It makes it more urgent.
Read the court ruling
The empty-container trail
Thirty containers arrived empty. Two held empty boxes and trash.
A separate 2023 federal order maps the downstream chain: CRY Respond in Malaysia, Venkal Apparels in India, CMJ Medical Supplies in the United States and M&W Suppliers. The order records M&W's allegation that the cargo never arrived as promised: 30 containers were empty and seized by United States Customs, while two reached California carrying empty boxes and trash.
Link 01
CRY Respond
Malaysia · named insured
Link 02
Venkal Apparels
India · consignor
Link 03
CMJ Medical Supplies
United States · buyer and reseller
Link 04
M&W Suppliers
United States · claimed insurance rights
Zurich later alleged that CRY never intended to supply the gloves.
In April 2024, a federal judge held that Zurich's fraud defenses were pleaded with the particularity required by Rule 9(b). The order names CRY agents Jamal bin Omar and Krishna a/l Seloa Raju. That procedural ruling allowed the defense to stand; it was not a final judgment that those allegations were proven.
Read the federal orderPeople and companies inside the maze
These are not background names. Each one marks a turn in George's missing-money story.
Named connection 01
George Monemvasitis
The center of the money trail
The transaction chronology records USD 14.6 million entering Authentitech for the proposed glove transaction. The missing question is the complete destination-by-destination accounting after receipt.
Named connection 02
Carlton M. Clark
Named on the questioned transfer record
A record attributed to Authentitech lists USD 12,637,500 sent to Clark Business Law. The published material does not include native bank confirmation or a complete onward ledger. Carlton Clark is the firm's founding manager.
Named connection 03
American Wellness LLC
Recipient named in the USD 8.398 million contract
Authentitech's complaint says American Wellness agreed to provide 646,000 boxes for USD 8.398 million and failed to deliver. A default was entered, and Authentitech later dismissed the action after filing a notice of settlement.
Named connection 04
Wallace I. Shimabukuro Jr. (Wally Shimabukuro)
The intermediary the court ordered to testify
A California judge ordered Shimabukuro and M&W to appear for depositions about the glove sale and what happened to the USD 8.398 million. Separate federal records document Shimabukuro's earlier conspiracy conviction and prison sentence.
Named connection 05
Jorge DeYarza
The upstream CMJ connection
Transaction materials identify CMJ in the supply chain between Venkal and M&W. A later federal order says CMJ bought the cargo from CRY's consignor and sold it to M&W.
Named connection 06
Jamal bin Omar and Krishna a/l Seloa Raju
Agents named in Zurich's fraud defense
A 2024 federal order says Zurich identified these CRY agents in allegations that CRY falsely represented it would supply the insured cargo. The judge held that Zurich's fraud defenses were pleaded with the required particularity; that was not a final liability judgment.
Named connection 07
Stephen Michael Kernan (S. Michael Kernan)
Authentitech's litigation attorney
The Los Angeles dockets identify Kernan as Authentitech's lawyer in the American Wellness and Venkal proceedings. The altered complaint was sent by George inside a message presented as a forward from Kernan. The records reviewed do not establish that Kernan or his firm created, approved or knew about the alterations.
A second courtroom. Another George company.
Solos Limited pulls more names, companies and law firms into George Monemvasitis's public corporate record.
A separate Federal Court judgment identifies George as the person who affirmed Solos Limited's supporting affidavit in its attempt to set aside a statutory demand from RC Aussie Hoops. The court found Solos missed the strict 21-day filing window, said it had no jurisdiction to hear the application and ordered Solos to pay the costs of deciding that issue.
Solos court record
Clive James McKerr
The judgment identifies McKerr as being “of Solos.” It records that he contacted Solos's accountants on 12 May 2022 to ask whether further legal documents had arrived.
Accounting connection
Michael Gibbons
The court identifies MJG Partnership as Solos's accountants and the location of its registered office. MJG's official profile identifies Gibbons as the firm's managing director.
Statutory-demand record
Thomas Darcy Greer
The judgment says the second statutory demand sent to Solos included an affidavit sworn by Greer on 26 April 2022.
HWL Ebsworth
Solicitors for Solos in the Federal Court proceeding
Mills Oakley
Solicitors for RC Aussie Hoops
MJG Partnership
Solos accountants and registered-office location
Solos Limited
Applicant; George affirmed its supporting affidavit
The Solos case is a separate dispute. It does not place McKerr, Greer, Gibbons, HWL Ebsworth, Mills Oakley or MJG Partnership inside the glove transaction.
It expands the documented map around George: another company, another court file, another set of advisers and another unsuccessful procedural fight.
Eight questions at the center of the fraud investigation
No government contract produced. No gloves delivered. No full repayment. So where did USD 14.6 million go?
Fraud question 01
If this was a legitimate United States government deal, where is the executed government contract?
Fraud question 02
Why was the American Wellness deal signed before the original transaction was supposedly cancelled?
Fraud question 03
Where is the native bank proof for the USD 12.637 million transfer attributed to Clark Business Law?
Fraud question 04
Why does one complaint identify American Wellness while a later ruling describes the USD 8.398 million as a payment to M&W?
Fraud question 05
Who received every dollar after USD 14.6 million entered George Monemvasitis's Authentitech?
Fraud question 06
How did a supposed government glove deal end with 30 empty containers and two containers carrying empty boxes and trash?
Fraud question 07
What was recovered through settlements, judgments or insurance, and why did the full USD 14.6 million never come back?
Fraud question 08
If this was not a scam, where are the gloves, the repayment and the complete destination-by-destination ledger?
The records George still has to produce
A paper trail full of missing links is not an accounting.
Missing ledger item 01
Native bank confirmation for the USD 12.637 million transfer
Missing ledger item 02
The ultimate recipients after Clark Business Law
Missing ledger item 03
A reconciliation of the USD 4.239 million difference
Missing ledger item 04
A complete accounting of the original USD 14.6 million
Missing ledger item 05
The amount, if any, recovered through litigation or insurance
Missing ledger item 06
The amount repaid to the source of the funds
Open the public records