Ameerex Corporation Announces Escalation of Actions in America First Credit Union v. Joel Natario, et al. Matter
Atlanta, Georgia / June 5, 2026 – Ameerex Corporation (OTC: HIRU) (“Ameerex” or the “Company”) today provides shareholders with an update regarding the America First Credit Union v. Joel Natario, et al. matter pending in Maricopa County, Arizona.
Ameerex rejects the premise that HIRU should bear corporate responsibility for transactions rooted in admitted forged-instrument conduct by unrelated parties. The judgment involving HIRU arose from procedural default and was not the result of a trial on the substance of HIRU’s involvement, corporate responsibility, or the underlying forensic evidence.
The Company did not object to AFCU pursuing recovery against the individuals and entities directly involved in the underlying conduct. Management did not expect AFCU to continue targeting HIRU after obtaining judgment against the parties directly connected to the transactions.
The issue now is AFCU’s continued effort to attach HIRU’s name and corporate responsibility to conduct, that the Company maintains was carried out by unrelated parties through forged instruments.
The Company’s position is supported by the preliminary expert report of Steven D. Lindsey, a former OCC compliance examiner and banking-compliance specialist. According to the report, the instruments were forged checks, AFCU released uncollected funds to Joel Natario, and AFCU’s conduct allowed the misuse of HIRU’s identity and caused significant harm to HIRU.
Further, further confirms that it will not remain inactive in response to AFCU’s enforcement campaign. AFCU has never banked Ameerex, has never held an Ameerex account, and the banks identified in the garnishment filings do not reflect any known Ameerex banking relationship.
Ameerex will not submit to an unjust effort against HIRU, a company that was never a customer of AFCU and has no operations, banking relationship, or business activity in Arizona.
The Company is prepared to challenge that effort before the competent courts at the state and federal levels, while pursuing affirmative remedies against all parties responsible for the damage caused to Ameerex, the HIRU name, and its shareholders.
Ameerex confirms that the Company does not maintain any bank account in the United States.
The Company further confirms that it has no accepted corporate liabilities, liens, or encumbrances affecting its operations or assets. Ameerex does not recognize the AFCU judgment as a legitimate corporate liability of HIRU, continues to dispute its enforcement against HIRU and its treatment as a corporate obligation, and maintains available legal recourse and remedies.
The Company will not permit a procedural default judgment arising from forged-instrument conduct by unrelated parties to distort its financial position, operations, or future.
AFCU’s garnishment activity is not expected to impact the Company’s operations, assets, future business plans, or ability to execute its
corporate strategy.
Ameerex has no liquidity issues, continues to be supported by its Qatar-based shareholders and management, and remains backed by a strong mining-asset strategy. The Company operates internationally, mainly from Qatar, and remains fully positioned to execute its business plan.
A Company spokesperson stated: “Ameerex is escalating its response to AFCU’s continued enforcement efforts based on a procedural default judgment. The Company believes AFCU is pursuing enforcement against a company that the forensic record identifies as a victim of the underlying forged-instrument conduct, not the parties responsible for that conduct. The Lindsey report identifies serious banking conduct and control failures, including AFCU’s release of uncollected funds, handling of forged instruments, financial-crime/AML-control concerns identified in the forensic record, and high-risk transactions connected to Joel Natario.
Ameerex has records and evidence
that it intends to present to the appropriate criminal authorities, federal
regulators, and courts of competent jurisdiction. The Company will pursue all
available remedies for the damage caused to Ameerex, the HIRU name, and its
shareholders.”
The spokesperson added: “Ameerex’s operations and management are based outside the United States, mainly in Qatar. If AFCU believes its procedural Arizona judgment has force beyond Arizona, Ameerex invites AFCU to test that position before the competent courts in Qatar. The Company would welcome the opportunity to place the full record before the court.”
The Board believes this combined strategy — pursuing criminal, regulatory, equitable, and enforcement-response remedies — is the strongest path to protect shareholder interests.
Further updates will be provided as appropriate.
About Ameerex Corporation
Ameerex Corporation (OTC: HIRU) is a publicly traded company focused on building long-term shareholder value through disciplined corporate governance, asset development, and strategic capital management.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding legal strategy, publication of materials, criminal referrals, federal regulatory referrals, equitable remedies, enforcement-response actions, recovery efforts, operational impact, business plans, mining assets, shareholder funding, liquidity, and future outcomes. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially. The Company undertakes no obligation to update forward-looking statements except as required by law.