FBEC Worldwide Inc (FBEC)

[Scott12]

IMO, FBEC should have been shut down a long time ago (last year during the fraud claims). The only reason why they still trade (IMO) has more to do with the SEC. These penny scammers know all too well how over burdened the SEC is and that IMO is how these leeches can survive year after year. They know nothing will happen to them for a very long time. It takes the SEC on average 3 years to catch up to them.
Check out how many civil lawsuits have been filed in Federal court just relating to delinquent filings.
The list is staggering.
https://www.sec.gov/divisions/enforce/delinquent/delinqindex.htm