NEW YORK, Dec. 14, 2015 /PRNewswire/ -- This link --- www.GPCM-CEO-COO-Complaints.weebly.com -- contains complaints against CEO Steve Leber, and COO Lee Lazarus of GRANDPARENTS.COM, INC. (OTCQB: GPCM) filed by the former Chief Compliance Officer on September 30, 2015, and the undersigned former Co-CEO on October 21, 2015. The link includes a December 14, 2015 letter by the CFO regarding his termination on December 11, 2015. The board terminated him in violation of Sarbanes-Oxley, OSHA and state and federal criminal laws prohibiting retaliatory action against whistleblowers. The termination followed after the CFO provided company auditors copies of the complaints that the CEO and COO had refused to forward to the auditors, and after the CFO refused to certify the 10-Q due to allegations of fraud and misconduct and lack of transparency by management.
Press Release Calls for Investigation by Law Enforcement Agencies – December 9, 2015
On December 9, 2015, the undersigned issued a press release calling for an investigation of Steve Leber and Lee Lazarus by the SEC and US Attorney for the Southern District of NY -- for fraud, self-dealing and other acts of misconduct. http://www.prnewswire.com/news-releases/grandparentscom-shareholder-calls-for-investigation-of-ceo-steve-leber-by-the-us-securities-and-exchange-commission-and-us-attorney-for-the-southern-district-of-new-york-300190759.html
On December 10, 2015, the company asserted in a press release that a report by Blank Rome LLP, as special counsel to a so-called Independent Special Committee consisting of three board members appointed to investigate the charges, "showed" that the allegations were "unfounded and without merit." http://www.prnewswire.com/news-releases/independent-investigation-showed-allegations-against-grandparentscom-unfounded-300191266.html
YOU ARE INVITED TO DRAW YOUR OWN INDEPENDENT CONCLUSIONS
AS TO WHETHER THE ALLEGATIONS IN THE FOLLOWING LINK
ARE UNFOUNDED AND WITHOUT MERIT
The Company Should Release the Report: Grandparents.com, Inc. is a public company and material information should not be withheld if there is nothing to hide. If as the company claims, Mr. Leber and Mr. Lazarus have been completely exonerated, then there should be no reason to keep the report from review by shareholders. As representative of the largest group of shareholders in the company, and in the interest of transparency, the undersigned calls on the company to immediately release the complete report so shareholders may review the allegations and determine whether the allegations are meritorious or are unfounded and without merit.
SOURCE Joseph Bernstein