Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

I'm sure you know by now the SEC rarely goes after penny stocks. They have no money to recover through fines or liquidation, as most of them are scams. The SEC will go after them, but typically only in cases where there is extreme and blatant stupidity/theft by management. Conversion Solutions ( CSHD )is a good example...the CEO got around 23 years and is currently in federal prison in Oklahoma...getting out I think in 2031.

This was one for the records as this guy was over the top in his claims as what the company was doing/ going to do.

https://archives.fbi.gov/archives/atlanta/press-releases/2012/former-corporate-officers-sentenced-to-lengthy-imprisonment-for-stock-fraud-scam