Thursday, April 23, 2015 6:03:37 PM
The complaint also alleges that during the same period, Prime Time, Arnold, and Mattera made false statements to the Company’s transfer agent in connection with a fraudulent scheme involving the issuance of bogus promissory notes. This scheme allowed Mattera to obtain millions of unlegended shares of Prime Time stock, most of which he later sold in the open market in November 2007.
http://www.sec.gov/litigation/litreleases/2009/lr21105.htm
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