Inovio Pharmaceuticals Inc (INO)

[Ubertino]

Re CytoGenix:

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23047 / July 18, 2014

Securities and Exchange Commission v. Christopher Plummer, Lex M. Cowsert, and CytoGenix, Inc., Civil Action No. 14-CV-5441 (LTS)

The Securities and Exchange Commission today charged a serial con artist and a penny stock company CEO with misleading investors in a supposed vaccine development company by issuing false press releases portraying it as a successful venture when it was in fact a failing enterprise.

The SEC alleges that Christopher Plummer teamed up with the CEO of CytoGenix, Lex M. Cowsert, to defraud investors with extravagant claims about the microcap company's revenue and other benefits flowing from a "shared revenue agreement" with Franklin Power & Light, an electricity provider supposedly operated by Plummer. However, Plummer's entity was a complete sham, CytoGenix had actually lost all of its vaccine patents and other intellectual property in a lawsuit, and Plummer and Cowsert stole proceeds of CytoGenix stock offerings that they told investors would be used for energy production projects and other corporate purposes.

https://www.sec.gov/litigation/litreleases/2014/lr23047.htm

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CYTOGENIX INC (CYGX) -Other OTC
0.0001 0.00(0.00%) Jul 20, 8:10PM EDT

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