The touts deposited stock with Titan International Securities, a Belize brokerage that had accounts with a number of U.S. broker-dealers. There had been no market for Amogear’s stock, so in January 2014, the perpetrator arranged to create one, by giving the appearance of activity by trading among themselves. On February 9th and February 10th, 2014, the email blasts were sent out to subscribers of the promoters’ “tips” services. But the anticipated one-week initial promotion. On February 10, 2014, the SEC stopped this by suspending trading in Amogear’s stock, citing the email spam and manipulating trading in the stock as the reason for the action.
