Scott Silverman 10th Highest Paid Executive in Palm Beach County

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Scott Silverman
Applied Digital Solutions Share Holder Meeting 2005

Right on the front page of today's Post was a photo of one of my former bosses, Scott Silverman, listed as the 10th top paid executive in Palm Beach County with a total compensation of $5.9 million. No surprise. He was paid well when I worked with him years ago in a public company, Applied Digital Solutions, that grew by acquisitions. Scott also had a law degree and was extremely smart.

While working for Applied, we all eventually grew to believe that the company we worked for was a pump and dump. Some very good people left. When I resigned I walked out the door never to look back. I never gave one good bye. Even Silverman was fired at one time and then was brought back in. He was way too valuable to the scheme and its goals.

Applied Digital, with offices on Royal Palm Way in Palm Beach later moving to Delray Beach, gave the illusion to the public that the company was actually going places and was making money through sales. I used to get calls from people world-wide threatening my life. I had one guy who swore that the government was tracking him through the implantable chip. He was a whacko and he called me often. As a public company, of course, you want the public to buy your stock. It is now out of business after losing hundreds of millions of investor money with top and even middle executives made wealthy, all part of the plan, before the doors were finally shut.

ChipMeNot.org gave out its Hall of Shame award to Scott Silverman, CEO of the VeriChip Corporation (now known as the "Positive ID Corporation"), which markets the human microchip implant. If you read their web site, you really believe that this is a company going places too. Verichip Corporation originally was an acquisition by Applied Digital Solutions, a fine company that manufactured implantable chips for pets. But Applied had a better idea--market it for human tracking. Scott Silverman even went so far as to have a chip implanted in his shoulder...went on CBS promoting the thing.

"In September 2007, the link between implantable microchips and cancer was revealed through AP investigative reporter Todd Lewan's ground-breaking article "Chip Implants Linked to Animal Tumors."

Sensing the imminent demise of his company, Mr. Silverman began flooding the media with inaccurate statements, denial of facts, and outright lies. Details of his numerous misstatements can be found here.

Fortunately, his company's stock lost more than 90% of its value, and at last report, VeriChip (The Positive ID Corporation) was no longer marketing implantable microchips for humans."

The SEC is useless and most public companies know it.