InvestorsHub Logo
Followers 398
Posts 28517
Boards Moderated 3
Alias Born 03/03/2004

Re: Hedgebunny post# 43388

Sunday, 08/10/2014 8:22:47 PM

Sunday, August 10, 2014 8:22:47 PM

Post# of 43413
Public Statement Statement on Jury Verdict in Florida Federal Court Following Trial Against Orchestrator of Pump-and-Dump Scheme

Andrew Ceresney
Director, SEC Division of Enforcement



Aug. 8, 2014

“Edward Hayter lied to investors in a microcap pump-and-dump scheme in which he profited handsomely. We are pleased that a federal jury has found him liable for violating the federal securities laws. This is yet another victory in the Commission’s multi-pronged approach to combating microcap fraud.”

# # #


More Information:

•SEC’s complaint in the case filed in 2010.
•SEC alleged that Edward W. Hayter of Brooklyn, N.Y. orchestrated a pump-and-dump scheme involving the stock of BIH Corporation.
•Hayter allegedly pumped up the price of BIH stock by disseminating false and misleading press releases and placing false information on BIH's website.
•The four-day trial concluded today in U.S. District Court for the Middle District of Florida, Fort Myers Division.
•Jury delivered its verdict in the SEC’s favor on all counts.



http://www.sec.gov/News/PublicStmt/Detail/PublicStmt/1370542613633#.U-Zb1_ldWHg

The visual interpretation of buying a .0001 stock

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.