MedGen Inc (MDIN)

[flaflyersfan]

Scumbag Fraudsters, more proof that in penny stocks;

"They would not post false numbers"

"why would he risk his reputation"

"this has to be legit with big names"

The Commission’s complaint alleged that Barton participated in drafting materially false press releases and other public statements on behalf of several microcap issuers that he controlled: Alternaturals, Inc.; MedGen; and Manzo Pharmaceuticals, Inc. While these false statements were being disseminated, Barton sold millions of unregistered shares of all three companies, profitting by more than $2,500,000. The complaint further alleges that Barton’s sales of these unregistered shares, as well as his sales of unregistered shares of Solpower, Inc., were done in the absence of any applicable exemption from the registration requirements of Section 5 of the Securities Act. Barton provided false documentation to market participants, including broker- dealers and transfer agents, in order to facilitate many of the sales. This false documentation included backdated promissory notes used to give the impression that Barton had held the unregistered shares he sold for much longer than he actually did.

Barton basically stole $2.5 million out of shareholder's pockets and gets slapped on the wrist and unlikely will pay back a majority of the judgment against him.

Good luck.