Rainmaker Worldwide Inc (RAKR)

[Arthur]

Two days ago, the SEC charged 4 men with several counts of violating SEC regulations.
They were a "desert dirt" scam, claiming to have vast reserves of gold based on a bogus assay...

The complaint further alleges that Jenkins, Sweeten and Kreais represented to investors that Jenkins' mining company, held mining claims that contained 460 million ounces of gold that would be worth $805 billion. The mining claim values were purportedly based on a geological and valuation report prepared by Craig Parkinson, an Idaho licensed geologist. The complaint alleges that Parkinson's report was false and misleading, and that Jenkins, Sweeten and Kreais knew the representations in Parkinson's report were false and misleading but they nevertheless solicited investors using the information contained in the report. Similarly, Parkinson also allegedly knew investors were being solicited and were relying on his false valuation figures.

Of course, that doesn't apply to CJTF, because Fred's assays are totally genuine.