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Complaint Concerning Unauthorized
Disclosure of Non-Public Information
Obtained from a Commission
Database
The OIG is conducting an investigation
into a complaint that two SEC Enforcement
attorneys repeatedly, and in violation of
agency policy, disclosed non-public
information about SEC Enforcement
investigations obtained from an internal SEC
database. The information in question was
allegedly disclosed to a corrupt FBI agent and
short seller, who were subsequently tried and
convicted of several criminal violations,
including fraud, theft, racketeering and
conspiracy in connection with a stock short
selling operation. During the reporting
period, an OIG investigator took sworn, onthe-
record testimony of the two Enforcement
attorneys who were accused of improperly
divulging the non-public information. The
OIG also obtained and reviewed the
transcripts of the testimony these two
attorneys provided at the criminal trial of the
FBI agent and short seller. In addition, we
requested and examined other
documentation, including records showing
what information these attorneys searched for
in the internal SEC database. The OIG plans
to finalize the investigation in the next
reporting period.
page 68: http://www.sec-oig.gov/Reports/Semiannual/2009/semiapr09.pdf
This is how the SEC operates!
Wall Street runs off promos from the biggest to the smallest companies...
Are they going to take all the financial shows off of TV because the market dropped last year?...
If they do, then message boards on the internet will also likely get shut down also...
I-hub is just like a damn TV set...Turn it off or find another station...LJ
I think the SEC and DOJ already believe Matt Brown used iHub for illicit gains. However, I believe that part is peripheral as compared to the wash sales and matched orders from nominee accounts, and the money laundering. Ultimately, I don't think the SEC cares much what happens on message boards.
But, who knows. Maybe there will be some big Armageddon on iHub because of it. I just think the Octopumpers will get fined, jailed, and iHub will go forward without much change except for some new policies maybe.
Invite who? Elgindy? he will be in prison until 2013
1. AMR I ELGINDY 55479-198 41-White-M 11-06-2013 TERMINAL ISLAND FCI
Elgindy in ihub
http://investorshub.advfn.com/boards/profile.asp?user=2250
EDIT: invite nateeee??
Hey why me? LOL.. you do it.
In today's America you are guilty until you can get out of it
I still believe Matt should be afforded his constitutional rights and that he is presumed innocent until proven guilty.
Now, if you can show where IHub encouraged people to do X or Y or Z in order to increase pump boards or boardmarks or anything of the sort, that might be different. However, I'm not aware of anything in IHub's language that would be representative of that type of mindset.
I think this would qualify.
http://images.advfn.com/sales/ir-ih-mediapack-09v2.pdf
IHUB investors relations media pack.
PDMI is on the home page now as a buyer of this promotion. The stock has fallen from .008 to .001 on heavy, about 10 to 20 times average volume. The board has over 100 posts on it today.
Invite him over here. Maybe he can tell us something interesting. I doubt he'll do it, but you never know.
Nope, none whatsoever. SEC never sued Elgindy. he was their friend. they (SEC) were giving Elgindy inside information and then he was shorting stocks based on those informations.
the news came out yesterday.
How corrupt is this system? LOL!
Clem Chambers is now a novelist. Maybe that's the reason he's keeping Matt around. Clem's going to use Matt as the hero in his next thriller.
http://www.amazon.com/Armageddon-Trade-Clem-Chambers/dp/1842432974
The Armageddon Trade (Hardcover)
by Clem Chambers (Author)
Product Description
Jim is the cockney boy wonder who can read stock charts like 50-foot road signs. His uncanny talent has taken him from tea boy to trading superstar. Is he a genius, or a fluke? He doesn't know. The mysterious Max Davas, emperor of trading, makes billions dealing U.S. Treasuries using more computing firepower than NASA—but now his models are telling him that something is about to go catastrophically wrong. The same trading system that has made him one of the richest and most powerful men in the world is telling him that in a year's time, gold will be at $0 an ounce, so will oil, so will Microsoft, and the dollar won't be trading at all. The Euro, the Pound, the Yen, sugar, wheat, coffee . . . all will fall down to zero. But are predictions fate? Or does the cockney kid hold the key to the Armageddon trade?
1 of 1 people found the following review helpful:
3.0 out of 5 stars Could This Really Happen?, May 17, 2009
By Norman Goldman "Editor of Bookpleasures.com" (Montreal) - See all my reviews
(TOP 500 REVIEWER) (REAL NAME)
Clem Chambers is the CEO of ADVFN, Europe's highly successful stocks and shares website. He has also contributed articles and investment columns for Wired Magazine, The Business, The Daily Telegraph and The Scotsman. The Armageddon Trade is Chambers first novel where he combines science fiction with his knowledge of the investment world.
The story revolves around a "hot shot" trader Jim (also known as Ken, short for Kenco), who has the uncanny ability of reading and analyzing all kinds of charts that predict the future. His colleagues refer to him as Moby, the billion-dollar whale, as he made billions of dollars for his company. The amazing part is that he is only in his early twenties and he was able to rise to prominence in his firm within a matter of a couple of years.
Jim's notoriety comes to the attention of a shady character, Max Dumas, emperor of trading, the Wizard of Oz, who earns billions of dollars dealing in US treasuries using an unbelievable amount of computing firepower. Dumas tells Jim that he is quite aware of his brilliance in bending his models and he also informs Jim that he has discovered from his computer read-outs that something very disturbing is about to happen. This may prove to be catastrophic wherein the entire world will come crashing down. The global capital system would come to a halt and the markets would be put out of action for weeks or months.
Presenting him with an offer he couldn't refuse amounting to a salary of fifty million dollars, Jim is persuaded to work with Dumas in helping him solve the mystery and prevent the catastrophe.
To be fair, Chambers has quite a vivid imagination and his plot is certainly unique as he crafts an audacious debut novel. However, it is not without faults for there were moments where I felt I was watching a B-movie as the plot seemed to meander and sway. In addition, I found that the overuse of financial "mumbo jumbo" and confusing dialogue turned out to be quite exhausting. Nonetheless, I was still left with the unpleasant thought, could this apocalypse really happen? And in light of what we have witnessed with our present economic melt down, what Chambers has provided is a story that may not be as far fetched as it seems.
Norm Goldman, Editor Bookpleasures
matt has two alias, Evo has two alias and Admin was aware of this! Clem owner of the site has two... What more do you need? My email is in my IH bio page!
regards
David C. Porter
829:
Regarding the company being sued...
Who is arguing with that??? I've said several times that IF Matt is found guilty of using IHub for illicit gain, IHub is in big trouble via lawsuits. It's impossible to be more clear on that.
But, that wasn't the issue in that post you quoted. The issue was whether or not IHub (because they list who has the most personmarks or which board is "hot") was therefore, BECAUSE OF THAT, more liable in a civil lawsuit. I say NO WAY!
Len
Keep digging, "Len".
Eventually you'll learn.
Ordinary
Then don't make comments that open you up to such criticism, 829. If you don't have the ability to back up your claims---don't say anything at all.
Ordinary
Ordinary:
I think my posts and your responses speak for themselves.
Len
Again with the assumptions. I never once said I posted anything of the such.
Shorts:
By "yesterday" do you mean June 1 or June 2? What time was it? I'll find out the details.
But, keep in mind, I'm referring to "exposing" admin of multiple aliases - nothing more.
Len
"You surely realize that the word "allegation" is almost infinitely closer to "probably" than "certainly". If you don't, I'm afraid a dictionary won't do you any good."
I find it unbecoming for folks (like you) who think they are smarter than everyone else. You're not--and quite frankly your posts are proof of this. Furthermore, the only thing you really know how to do quite well is to play word games.
So don't try to split hairs with me, "Len". I read right through that crap.
Ordinary
my post was deleted yesterday and I received a pm from admin clearly stated that I could not post it!
~Shorts
829:
"No, I explained it so clearly, a child could understand it. One cannot reproduce something that has long been deleted."
I'm not letting you off that easily. Only a "child" could NOT reproduce something they produced once before. There is nothing that I have every posted that I could not reproduce.
Apparently, your limitations exceed your claims. In that case, your contentions are meaningless.
Len
really? no civil complaint with the federal indictment for elgindy?
that is what we have here.
did elgindy have wire fraud charges?
and im evidence? nah, it wan't around then.
lol, thinking out loud here.
.....................................
Elgindy was convicted in January 2005 of racketeering, securities fraud and other crimes in connection with a scheme to steal confidential law enforcement information relating to FBI and SEC investigations of various companies.
http://en.wikipedia.org/wiki/Anthony_Elgindy
Ordinary:
I fail to understand what it is that you cannot comprehend.
Me: "I agree with your post (almost) entirely, but remember your own word was "probably". That does not mean "certainly"."
You: "Do you, by any chance, own a "dictionary"? If so...look up the word "allegation".
You surely realize that the word "allegation" is almost infinitely closer to "probably" than "certainly". If you don't, I'm afraid a dictionary won't do you any good.
Len
Shorts:
I'm not buying it. Put it out there. I promise it won't be deleted. Or send me a PM. Or send me an email - lentinman@yahoo.com.
You won't do any of the above because you don't have evidence that admin have additional aliases. Even if they ever have (apart from the obvious FM 8 years ago), you wouldn't have any way to know it.
Len
Qone0... Wrong.... EVO continued to post until... Posted by: ChEmillion Date: Sunday, November 30, 2008 10:10:27 PM
Ah I stand corrected, so both EVO and OLICO stopped posting within a month of the IRP's being started.
Hmmmmm.
Q&O:
"This would be correct if IHUB's boards were like yahoo where the company gives no direction or promotion. IHUB however, directs and promotes through its home page top lists, board emails, member marking, paid news exposure, IRP's ect. This has opened them up to vicarious liability to the scams, they are not just a phone. They have "assumed responsibilities" because of the promotional nature of the site."
I give credit to a reasonable argument and that is one. However, I still disagree with it.
Will it be a slight negative in a civil trial? Maybe. But, IMO it will only be so if whoever is judging them is not very knowledgeable of how the internet works or how message boards work.
As far as I'm concerned, it's a huge leap to conclude that because IHub shows raw data that it means they are promoting anything. Simply making the objective information available to their users is nothing more than 1) interesting facts or 2) open book policy. I see no way to legitimately make that into being a promotional site by IHub.
Now, if you can show where IHub encouraged people to do X or Y or Z in order to increase pump boards or boardmarks or anything of the sort, that might be different. However, I'm not aware of anything in IHub's language that would be representative of that type of mindset.
Len
Not necessarily. Elgindy was never sued by the SEC but was criminally indicted and convicted and put in prison by US attorney for securities fraud.
it seems you need a sec complaint to be charged on federal criminal charges.
Qone0... Wrong.... EVO continued to post until... Posted by: ChEmillion Date: Sunday, November 30, 2008 10:10:27 PM
RE:EVO stopped posting 11/17/2007
Posted for an entire year more!
Just used his other alias! You will notice his YELLOW LAMBORGHINI in his signature!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33868648
http://investorshub.advfn.com/boards/profile.asp?user=86330
"I agree with your post (almost) entirely, but remember your own word was "probably". That does not mean "certainly"."
Do you, by any chance, own a "dictionary"? If so...look up the word "allegation".
Ordinary
829:
"I have no intention of explaining this a 4th time."
You could start by explaining it the FIRST TIME because you haven't yet explained why you can't reproduce the information!
This is your quote that started the conversation...
"One cannot point out disclosure threads, because the admins delete them quickly as to hide their aliases."
The implication is as clear as a bell - that being that if only they would not be deleted, you would point out their aliases.
I don't believe you have any because I don't believe they exist!
The difference between you and me is that if I make an accusation, I have evidence to support it - not some lame "I can't because..." comment.
Once again... POST IT (IF YOU HAVE IT) AND IT WILL NOT BE DELETED!
Len
yes it is janice but I am not at liberty to discuss it without having my account terminated!
~Shorts
Where financial crimes are involved, usually both agencies participate. But it isn't required. And there've been some complaints about the SEC laying the ground for DOJ indictments without telling the perps they're doing that.
I still doubt it because it remains a fact that IHub can allow anything and everything IMO - just as the phone company or Outlook email do.
This would be correct if IHUB's boards were like yahoo where the company gives no direction or promotion.
IHUB however, directs and promotes through its home page top lists, board emails, member marking, paid news exposure, IRP's ect.
This has opened them up to vicarious liability to the scams, they are not just a phone. They have "assumed responsibilities" because of the promotional nature of the site.
This will play very badly in a civil trial. IMO.
With regard to the actus reus principle, courts approving vicarious liability often contend that defendants voluntarily "assumed the responsibilities" the statutes imposed or had it within their power to prevent the crimes in question (see Morisette v. United States, 342 U.S. 246, 256 (1952)). On this basis, most (though not all) courts agree that vicarious liability is constitutional in the employer-employee context
<<Matt supposedly had those bank accounts.
What does that have to do with Ihub and the other admin?>>
============================================================
"IH is about to be in a position in the next few weeks where it will be impossible for me to post under Fatt Matt, because as a shareholder and President of the company I can be held liable if I mention a stock and somebody buys it.
This is a conflict of interest as well, if I was to take a position on an issue involving a deleted post etc".
=============================================================
I think maybe you are having a hard time reading and/or understanding what I have written. Let me try this a third time. Any previously posted information, that you are requesting I provide as proof, has long been deleted. I have no intention of explaining this a 4th time.
Thanks, I guess.
At least I read the indictments and charges....
I still don't think you've bothered to read them.
Oh well....
Ordinary
it seems you need a sec complaint to be charged on federal criminal charges.
that is the case here.
829:
"No, I said any previously posted examples have long been deleted."
Ok, EVEN IF YOU ARE RIGHT - and I doubt it seriously, post them now.
I'M TELLING YOU CATEGORICALLY THAT THEY WILL NOT BE DELETED! But, I'm also positive you won't post them because 1) they (apart from Matt - and no evidence even of him) haven't been using aliases and 2) you wouldn't know the names of them even if they had!
Len
Ordinary:
"You haven't bothered to read the indictments, have you? Good grief....."
Yes I have, but I will bow to your brilliant rebuttal!
Len
They were a whole bunch of low lifes, but they were not "indicted". They were sued by the SEC, in civil court.
That gives you a very easy out.
yep, someone had been "naming names", I'll bet....
Q&O:
"If you read Matt Browns indictment, manner and means, he probably has (used IHub for illicit gains)."
I agree with your post (almost) entirely, but remember your own word was "probably". That does not mean "certainly".
"But they have made one VERY bad mistake. The IRP's that were started after they were aware of Matts role. That shows they KNEW what the site was being used for."
As to the allowance of IRPs, that's another issue. I don't know whether that will haunt them or not. I still doubt it because it remains a fact that IHub can allow anything and everything IMO - just as the phone company or Outlook email do. The only thing they have an obligation to do is to make sure their own employees are above board. If an employee goes bad, ANY company has liability. To the degree the company didn't 1) make it hard for an employee to go bad or 2) jump on it the minute they found out... their exposure increases.
Len
I remember FRANCOIS GOELO had no idea who he was, but looks like he indicted in 2003, always wondered where he went
http://www.sec.gov/litigation/litreleases/lr18088.htm
No, I said any previously posted examples have long been deleted.
Crash:
"a) IMO disclaimers carry no weight in illegal actions."
I never said they did. IMO, IHub has zero liability whether they have disclaimers or not. It's a F-O-R-U-M.
"IHUB has/had the chance to claim innocence by distancing itself from employees accused of wrongdoing. If they continue to let MATT act as he did in the past (keep him as an employee without leave), IMO they will make themselves liable if Matt gets convicted of those crimes."
Exactly. That's why I've been arguing that Matt should be on leave and not allowed to access or post on IHub until it is resovled! And, as has been mentioned, he hasn't posted since the 28th, so I think they got that message.
Len
they wouldn't have indicted him if it were the case
Unless the indictment is a part of maintaining the ruse that he has skipped town, thus adding another layer of protection for their source and not alerting others higher up in the operations to the ever-widening investigation. Or perhaps I've been watching too many gangster films, LOL!
Newly
Posted by: IH Admin [Matt] Date: Thursday, March 16, 2006 3:34:39 PM
In reply to: Churak who wrote msg# 22699 Post # of 27058 [Send a link via email]
Added/bought:
GZFX 0099
UNCN 0039
RSHN 0031 (only one I'm regretting)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=10199280
Hot:
"In the interests of "customer service"..follow up on the matter is in order from who ever is running this web site."
You are probably not going to get any disagreement on that out of anyone. But, you do have to keep one thing in mind. Odds are pretty good that the IHub attorneys are in control at this point. Have you ever known an attorney that ever suggested his "client" ever utter a single word regarding a potentially liable action?
Because of that, I doubt we will hear much (if any) more about it unless (or until) IHub is either sued, or included in the SEC charges or Matt is found guilty or if Matt is found innocent.
Len
if they let phil specter twitter then bill can write a book.
real
They may just have needed the time to work on what they found on Dynkowski's computers, and to trace all the IM messages, bank accounts, brokerage accounts, and so on.
I doubt the feds needed two years to do that. The raid was just to get probable cause from a grand jury to tap everything and anything to expose the entire organization.
The feds probably have every PM,IM, phone call, Matt and others made in the last two years.
2 years of investigation before an arrest is probably RICO.
Thats why the indictment says.
"Along with others known and unknown to the grand jury to commit an offence against the united states."
The grand jury does not even know how deep this goes.
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http://www.sec.gov/litigation/litreleases/2009/lr21053.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21053 / May 21, 2009
Securities and Exchange Commission v. Pawel P. Dynkowski, Matthew W. Brown, Jacob Canceli, Gerard J. D’Amaro, Joseph Mangiapane Jr., Nathan M. Michaud, Marc J. Riviello and Adam S. Rosengard, Civil Action No. 09-361 (D. Del.) (May 20, 2009)
SEC Charges Eight Participants in Penny Stock Manipulation Ring
The Securities and Exchange Commission (“Commission”) announced today that it filed a complaint in the United States District Court for the District of Delaware against Pawel P. Dynkowski, Matthew W. Brown, Jacob Canceli, Gerard J. D’Amaro, Joseph Mangiapane Jr., Nathan M. Michaud, Marc J. Riviello and Adam S. Rosengard. The complaint alleges that in 2006 and 2007, Dynkowski, a Polish citizen who resided in the U.S., engaged in market manipulation schemes with at least four separate stocks: GH3 International, Inc., Asia Global Holdings, Inc., Playstar Corp., and Xtreme Motorsports of California, Inc. As alleged in the complaint, Dynkowski’s co-defendants each participated in one or more of these schemes, which together generated more than $6.2 million in illicit profits.
The SEC’s complaint alleges that these fraudulent schemes generally followed the same pattern: Dynkowski and his accomplices agreed to sell large blocks of shares for penny stock companies in exchange for a portion of the proceeds. The companies put these shares in nominee accounts that Dynkowski and his accomplices controlled. The defendants pumped the market price of the stocks using wash sales, matched orders and other manipulative trading, often timed to coincide with false or touting press releases by the companies, to give the market the false impression that there was real demand for these stocks. After artificially inflating the market price of the stocks, Dynkowski and his accomplices then dumped the shares obtained from the issuers and divided the illicit proceeds.
The SEC’s complaint further alleges that:
The pump-and-dump scheme involving GH3 International, Inc. stock occurred between October and December 2006. Dynkowski orchestrated this fraud with Matthew W. Brown, who operates a penny stock website called InvestorsHub.com. Brown introduced Dynkowski to a representative of GH3 and to Jacob Canceli, a penny stock promoter who participated in the scheme. Brown acted as a liaison between Dynkowski, Canceli and the issuer. Dynkowski and his associates used wash sales, matched orders, and other manipulative trading, timed to coincide with false, misleading and touting press releases by the company, to inflate the price of GH3 stock. Canceli provided the accounts from which Dynkowski subsequently sold purportedly unrestricted shares received from the issuer. The scheme culminated in mid-December 2006, with Dynkowski dumping 312 million shares of GH3 stock for total illicit proceeds of $747,609.
Brown planned the Asia Global pump-and-dump scheme with Joseph Mangiapane Jr. and Marc J. Riviello, who were both registered representatives at a small broker-dealer in California. Dynkowski and Nathan M. Michaud, who met through InvestorsHub.com, pumped the price of Asia Global stock using wash sales, matched orders and other manipulative trading, coordinated with false, misleading, and touting press releases by the company. The scheme occurred in three cycles: August-September 2006, November-December 2006, and January-February 2007. After manipulating the price of stock, Dynkowski, Brown, Mangiapane and Riviello dumped more than 54 million shares that had been improperly registered on SEC Form S-8 and held in nominee accounts. The illicit proceeds from this scheme totaled at least $4,050,529.
Dynkowski and Gerard J. D’Amaro carried out the Playstar pump-and-dump scheme. The two of them met through InvestorsHub.com. D’Amaro acted as the liaison with the issuer as well as the nominee account holder for the purportedly unrestricted shares received from the company. In this scheme, which occurred during October and November 2006, Dynkowski pumped Playstar’s stock through wash sales, matched orders and other manipulative trading. Dynkowski and D’Amaro sold 11.5 million shares for total illicit proceeds of $1,180,294.
Dynkowski and an accomplice carried out the Xtreme Motorsports pump-and-dump scheme. The two of them, who met through InvestorsHub.com, pumped Xtreme Motorsports stock through wash sales, matched orders and other manipulative trading during January and February 2007. Dynkowski’s friend, Adam S. Rosengard, served as the nominee account holder who facilitated the dump of 13 million purportedly unrestricted shares of Xtreme Motorsports stock. After pumping the stock, Dynkowski sold the shares from Rosengard’s account generating illicit proceeds of $257,646.
The SEC’s complaint alleges that Dynkowski and Brown violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 (“Securities Act”), Sections 10(b) and 13(d) of the Securities Exchange Act of 1934 (“Exchange Act”), and Rules 10b-5, 13d-1 and 13d-2 thereunder; that Canceli, D’Amaro, Mangiapane, and Riviello violated Sections 5(a), 5(c), and 17(a) of the Securities Act, Section 10(b) of the Exchange Act, and Rule 10b-5; that Michaud violated Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act, and Rule 10b-5; and that Rosengard violated Sections 5(a) and 5(c) of the Securities Act. The complaint seeks against each defendant a permanent injunction against future violations, disgorgement of ill-gotten gains with prejudgment interest, and civil monetary penalties, and, as to certain defendants, orders barring them from participating in penny stock offerings.
The U.S. Attorney’s Office for the District of Delaware also announced today felony criminal charges against Dynkowski, Brown, Canceli, D’Amaro, Mangiapane, and Riviello.
The SEC thanks the U.S. Attorney’s Office for the District of Delaware; the Department of Homeland Security, Immigration and Customs Enforcement; the Internal Revenue Service – Criminal Investigations; and the Delaware State Police for their assistance in this matter.
The SEC’s investigation is continuing.
Documents & Articles
The Full SEC Complaint:
http://sec.gov/litigation/complaints/2009/comp21053.pdf
The US DOJ Press Release:
http://www.usdoj.gov/usao/de/press/2009/Pump%20&%20Dump%20Stock%20Schemes%20Indictments.pdf
Troopers aid in scam case:
http://www.gosanangelo.com/news/2007/feb/17/troopers-aid-scam-case/
UD student, Newark man named in
'pump and dump' civil suit:
7 charged in alleged stock scheme:
http://www.businessweek.com/ap/financialnews/D98AQDQG0.htm
SEC Sues Eight in Three States in Penny Stock Ring:
http://www.bloomberg.com/apps/news?pid=20601087&sid=an0vTmWDEj_Y&refer=home
Pompano Beach man charged in stock manipulation:
http://www.bizjournals.com/southflorida/stories/2009/05/18/daily63.html
O.C. stock board founder, broker indicted for fraud:
http://ocbiz.freedomblogging.com/2009/05/21/oc-stock-board-founder-broker-indicted-for-fraud/12005/
Former Newark man among those indicted in stock fraud scheme:
http://www.ledgerdelaware.com/articles/2009/05/21/news/doc4a156b9de488d415326660.txt
http://dealbreaker.com/2009/05/the-sec-to-the-rescue.php
Las Vegas company's stock manipulated for profits:
http://m.lasvegassun.com/news/2009/may/21/sec-las-vegas-companys-stock-manipulated-profits/
Felony Criminal Charges For InvestorsHub.com Operator, Matthew Brown, In Penny Stock Scheme:
04/16/2009 3 REDACTED VERSION of 2 Indictment by USA as to Defendant Sealed. (rpg) (rpg). (Entered: 04/22/2009)
http://tinyurl.com/n9t6nz
- Note: This link will not post as a live link. Copy and paste it to any browser and the Pacer Document PDF file can be opened.
Companies Involved
GH3 International, Inc. (stock ticker: GHTI)
http://investorshub.advfn.com/boards/board.aspx?board_id=5091
Asia Global Holdings Corp. (stock ticker: AAGH)
http://investorshub.advfn.com/boards/board.aspx?board_id=5623
Playstar Corporation (stock ticker: PLYCF)
http://investorshub.advfn.com/boards/board.aspx?board_id=3011
INCA Designs, Inc. (stock ticker:IDGI)
http://investorshub.advfn.com/boards/board.aspx?board_id=8819
Participants Charged by the SEC
The SEC's complaint, filed in federal district court in Delaware, charges:
Matthew W. Brown, age 26, of Aliso Viejo, California:
Pawel Dynkowski of Newark, Del.
Jacob Canceli of Mission Viejo, Calif., who is a stock promoter.
Gerard J. D'Amaro of Pompano Beach, Fla., who is a stock promoter.
Joseph Mangiapane Jr. of Laguna Niguel, Calif, who was a registered representative at AIS Financial, Inc and is currently CEO of Rubicon Financial, Inc., which owned AIS Financial, Inc. during the relevant time period.
Nathan M. Michaud of Boston, Mass., who is a web site designer.
Marc J. Riviello of Redwood City, Calif., who was a registered representative at AIS Financial, Inc.
Adam S. Rosengard of Voorhees, N.J., who was a student at the University of Delaware during the relevant time period.
Persons Indicted by DOJ
The seven defendants named in the DOJ indictments are:
• Pawel Dynkowski, age 24, formerly of Newark, Delaware;
• Joseph Mangiapane, Jr., age 43, of Laguna Niguel, California;
• Marc Riviello, age 50, of Atherton, California;
• Matthew W. Brown, age 26, of Aliso Viejo, California;
• Jacob Canceli, age 50, of Mission Viejo, California;
• Gerard D’Amaro, age 38, of Lighthouse Point, Florida; and
• Angelo R. “Bill” Panetta, age 48, of Montebello, California.
FYI From MATT >>>>>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38023743
Posted by: IH Admin [Matt] Date: Thursday, May 21, 2009 1:03:12 PM
In reply to: None Post # of 127421
Re: SEC complaint/etc
Hi guys,
I'm aware of the SEC complaint/Delaware situation that was released today. You guys know the deal - I can't say much without my legal counsel ripping my head off (certainly the way I tend to write).
If/when I'm cleared to update everyone, I will.
ADVFN is aware of the situation and they consider it a personal matter.
Just so rumors aren't circulating -- iHub isn't going anywhere. The community and the incredible Admin team are what make this place. The site has been absolutely rocking lately and there's no reason that will change. We're doing some upgrades next week to the hardware infrastructure and the Nerds are working on some very groovy cutting edge stuff that we've dreamed up the last few weeks that I'm pretty excited to release.
I appreciate all the concern/messages you guys have sent.
FOR THOSE WHO SUPPORT MATT, HERE IS A LINK: investorshub.advfn.com/boards/board.aspx
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