CO2 Tech Ltd (fka CTTD)

[Renee]

CTTD FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Renee]

CTTD SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf

[chocherita]

What is this? trading 10 shares and the s/p is up 9,990% WTF IS GOING ON HERE?

[chocherita]

I just noticed that bid is building! Thoughts? Tia.

[insmanjon]

so what does this mean for the shares that are still out in the public???

[samsamsamiam]

U.S. SECURITIES AND EXCHANGE COMMISSION

http://www.sec.gov/litigation/litreleases/2013/lr22604.htm
Litigation Release No. 22604 / January 29, 2013
Securities and Exchange Commission v. Jonathan R. Curshen, et al., Civil Action No. 1:11-cv-20561 (S.D. Fla.) (JLK)
Yitzchak Zigdon Settles SEC Fraud Charges
On January 23, 2013, the U.S. District Court for the Southern District of Florida entered a final judgment by consent against Yitzchak Zigdon in the SEC's enforcement action against seven defendants concerning the common stock of CO2 Tech Ltd. The final judgment enjoins Zigdon from future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Court also ordered Zigdon to pay disgorgement of $260,000, prejudgment interest of $74,516 and a civil penalty in the amount of $130,000 for a total of $464,516 in monetary sanctions. In addition, the Court barred Zigdon from participating in an offering of penny stock. Zigdon consented to the entry of the final judgment without admitting or denying any of the allegations of the Commission's Complaint.

According to the Commission's complaint filed in February of 2011, the defendants' coordinated misconduct enabled them to sell CO2 Tech stock at artificially inflated prices, resulting in profits of over $7 million. In the complaint, the Commission alleged that CO2 Tech Ltd. was a sham company without significant assets or operations whose stock prices were quoted in the Pink Sheets. According to the complaint, among other things, Zigdon provided the paper work necessary to establish the account that was used to dump the shares of CO2 Tech on to the market. The complaint also stated that he caused materially false and misleading information about CO2 Tech to be disseminated in press releases and on its website. In particular, the complaint alleged that CO2 Tech falsely touted business relationships that the company had not formed, including a relationship with the Boeing Company when, in fact, there had been no communications, correspondence or understandings between CO2 Tech and Boeing.

For more information about this matter, see Litigation Release No. 21862, WL 576828 (February 18, 2011) and Release No. 34-65799, WL 5834265 (November 21, 2011).


http://www.sec.gov/litigation/litreleases/2013/lr22604.htm

[chocherita]

Why is a Volume in the last 2 trading days? Any body, have a clue? Tia.

[Kobe Ginobili]

22k 3mo. avg. vol:

Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company. If you have current contact information, please complete the Update Company Information Form or send an email to [e-mail].
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Audited Financials Not Available
Latest Report Mar 23, 2007 Annual Report
Regulatory Agency Not Available
CIK Not Available
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification
Incorporated In: USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Jacob Froynd CEO
Helga Schotten President
Eliezer Oppenheimer Secretary
Michael S. Krome General Counsel
Company Directors
Not Available
Company Notes
Formerly=China Energy & Carbon Black Holdings, Inc. until 1-07
Formerly=Huayang International Holdings, Inc. until 10-04
Formerly=Power Capital Corp. until 1-96
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Michael S. Krome, Esq.
8 Teak Court
Lake Grove, NY, 11755
United States

Investor Relations Firm
Not Available
CTTD Security Details
Share Structure
Market Value1 Not Available
Shares Outstanding Not Available
Float Not Available
Authorized Shares Not Available
Par Value 0.02
Shareholders
Shareholders of Record Not Available
Security Notes
Capital Change=shs decreased by 1 for 6 split. Effective date=10-25-04
Capital Change=shs decreased by 1 for 2000 split. Pay date=01/09/2007.
Short Selling Data
Short Interest 0 (-100%)
Jul 30, 2010
Significant Failures to Deliver No
Transfer Agent(s)
OTC Corporate Transfer Service Co.

[Renee]

Courtesy of SCION: CO2 Tech's Ricci receives 18-month sentence

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75493742

2012-05-11 12:47 ET - Street Wire
by Mike Caswell
http://www.stockwatch.com/News/Item.aspx?bid=Z-U:CTTD-1957876&symbol=CTTD&news_region=U

David Ricci, the former Pacific International Securities Inc. broker charged in Florida for the pump-and-dump of CO2 Tech Ltd., has been sentenced to 18 months in jail. The sentence was handed down in a hearing on Thursday, May 10, before Miami Judge Richard Goldberg. Mr. Ricci, 41, previously pleaded guilty to one count of conspiring to commit securities fraud, wire fraud and mail fraud.

The charges stem from a scheme in which Mr. Ricci and others boosted CO2 Tech to $1.65 with manipulative trades while the company falsely claimed to have a relationship with Boeing. The scheme netted $7-million in illegal profits, according to prosecutors. (All figures are in U.S. dollars.)

Mr. Ricci was one of four people sentenced on Thursday for the promotion. Others included Michael Krome, 50, a securities lawyer from New York who wrote opinion letters that permitted the issuance of millions of free-trading shares used in the pump-and-dump. He received 34 months in jail and was ordered to forfeit $17,490.

Also sentenced were two U.S. stock promoters who participated in the scheme. Timothy Barham, 44, received 30 months in jail and was ordered to forfeit $250,000. Robert Weidenbaum, 46, received 34 months and was ordered to forfeit $360,000. They and Mr. Krome previously pleaded guilty to conspiring to commit securities fraud, mail fraud and wire fraud.

Still awaiting sentencing is Jonathan Curshen, a recidivist securities violator who faces 21 to 27 years in jail. Prosecutors say he was a central figure in the scheme, controlling a maze of brokerage and bank accounts that allowed him to manipulate stocks while avoiding detection. Unlike the others, he pleaded not guilty, and was convicted after an 11-day jury trial.

For Mr. Ricci, the sentence is substantially lower than the five years he had accepted when he pleaded guilty. Ahead of his sentencing, he filed a memorandum in which he sought a lesser term, based on his substantial co-operation with authorities. He pointed out how he travelled at his own expense from Costa Rica (which has no extradition treaty with the U.S.) to meet with the FBI and help unwind the "convoluted layers" of bank accounts and brokerage accounts involved in the CO2 Tech manipulation.

He continued to assist and ultimately testified for the prosecution at the trial despite threats from somebody with ties to organized crime, he said. Mr. Ricci did not identify the individual who had threatened him, but said on several occasions the individual left threatening and abusive messages for him and his wife.

Mr. Ricci must surrender to authorities at 2 p.m. on Friday to begin his sentence. It is not clear where he will serve his jail term. He had asked the judge to recommend a prison near Vancouver, but such decisions are ultimately made by the Bureau of Prisons.

CO2 Tech charges

The charges against Mr. Ricci and the others are best set out in a civil complaint that the U.S. Securities and Exchange Commission filed against them on Feb. 18, 2011, in the Southern District of Florida. The complaint described how the men manipulated CO2 Tech, an OTC Bulletin Board listing, with false news and wash trades in 2007.

The scheme began when two Israeli men enlisted Mr. Curshen's Costa Rican company, Red Sea Management Ltd., to promote CO2 Tech. The Israelis (identified in the complaint as Ariav Weinbaum and Yitzchak Zigdon) had previously received 22.5 million free-trading CO2 Tech shares by converting a debenture that, according to the SEC, was obviously fraudulent. Among other things, it was signed by a person who did not become chairman of the company until four months after the date of the debenture. Despite those shortcomings, they had Mr. Krome write opinion letters that made their shares tradable.

The actual promotion began in January, 2007, when the company issued a pair of misleading news releases, one of which claimed that Boeing had taken an interest a CO2 Tech product. Around the same time, Mr. Curshen and Mr. Ricci carried out a series of wash trades that helped "jump-start" the stock, the SEC said. In one day they were able to boost the company to $1.65 from 91 cents, on volume of 12.2 million shares. They then sold a large number of shares for the two Israeli men, and generated $7-million in profits, the SEC claimed.

The SEC sought disgorgement of ill-gotten gains, appropriate civil penalties and penny stock bans. In filing the case, the SEC acknowledged the assistance of the B.C. Securities Commission, the Costa Rican Police, the Israel Securities Authority, the United Kingdom Financial Services Authority and the City of London Police.

Mr. Ricci settled the SEC charges when they were filed, agreeing to a penny stock ban and to an injunction barring future violations.

Although Mr. Ricci is a Canadian, he is married to a Costa Rican and has a home in that country. When he was in Vancouver, Mr. Ricci worked at PI for five years, leaving the firm on Nov. 17, 1999.

http://www.stockwatch.com/News/Item.aspx?bid=Z-U:CTTD-1957876&symbol=CTTD&news_region=U

[Buckey]

CO2 Tech's Krome pleads guilty


CO2 Tech Ltd (U:CTTD)
Monday January 16 2012 - Street Wire

Also U.S. Securities and Exchange Commission (U:*SEC) Street Wire

by Mike Caswell

Michael Krome, the New York lawyer charged for writing fraudulent opinion letters in the CO2 Tech Ltd. market manipulation, has pleaded guilty to one count of conspiracy to commit securities fraud. He entered the plea in a 35-minute appearance before a judge in Miami on Friday, Jan. 13.

Prosecutors allege that Mr. Krome and others, including recidivist securities violator Jonathan Curshen, were part of a 2007 scheme to boost CO2 Tech with false claims about a pollution control product in which Boeing had purportedly taken an interest. The men pumped the stock to $1.65 and obtained $7-million in illegal profits, according to the government. (All figures are in U.S. dollars.) Also named in the scheme was former Pacific International Securities Inc. broker David Ricci, who is a defendant in a parallel civil suit from the U.S. Securities and Exchange Commission.

According to prosecutors, Mr. Krome, 49, wrote fraudulent opinion letters that allowed his co-defendants to obtain 22.5 million tradable shares in CO2 Tech, many of which they sold during the promotion. He also tried to conceal their identities in subsequent interviews with the SEC. Mr. Krome had initially pleaded not guilty to the charges. He is now scheduled for sentencing on Wednesday, May 9, and remains free on a $100,000 appearance bond. The maximum sentence is five years in jail.

CO2 Tech charges
The charges against Mr. Krome and the others are described in a complaint the SEC filed in the Southern District of Florida on Feb. 18, 2011. According to the complaint, the CO2 Tech scheme arose after Mr. Curshen was hired to promote the company by two Israeli men, Ariav Weinbaum and Yitzchak Zigdon (who are also defendants). He agreed to sell massive quantities of shares using nominee accounts, which he controlled through a Costa Rican entity called Red Sea Management Ltd.

Mr. Krome's role came in the initial stages of the scheme. According to the SEC, he had CO2 Tech issue 22.5 million shares purportedly to settle a $200,000 debenture. The debenture, however, was a pretext to issue shares to the company's undisclosed promoters and was obviously fraudulent, the SEC said. Among other things, it was signed by a person who did not become chairman of the company until four months after the date of the debenture.

The actual promotion, as described by the SEC, began on Jan. 29, 2007, just two weeks after Mr. Krome wrote the opinion letters that made the stock tradable. The SEC said the company issued a misleading news release in which it claimed to have been working on a pollution control product for over a decade. The company further claimed that it had a manufacturing operation in Israel and London, but according to the SEC the London office was actually a mail drop and the manufacturing operation could not be found.

The next day, CO2 Tech issued a news release which stated that Boeing had taken an interest in one of the company's products. In reality, there was no such interest, as the company had no communication with Boeing prior to the news release, the SEC said. The only communication came in the form of a cease-and-desist letter that CO2 Tech received from Boeing after issuing the news.

As the news and related spam were going out, Mr. Curshen and Mr. Ricci carried out a series of wash trades that helped "jump-start" the stock, the complaint stated. On the day of the Boeing release, they began executing trades at gradually increasing prices. As buyers entered the market, they started dumping shares, the SEC claimed. The stock went from 91 cents to $1.65 that day on volume of 12.2 million shares. (It was last at 0.2 cent.) Their trading that day generated $5.5-million in profits.

The SEC sought disgorgement of ill-gotten gains, appropriate civil penalties and penny stock bans. In filing the case, the SEC acknowledged the assistance of the B.C. Securities Commission, the Costa Rican Police, the Israel Securities Authority, the United Kingdom Financial Services Authority and the City of London Police.

While Mr. Krome has now pleaded guilty to the criminal charges (and separately settled the SEC case), his co-accused look to be headed for trial. With Mr. Curshen, prosecutors will argue that he fraudulently promoted several stocks through Red Sea, including CO2 Tech, and funnelled $91.5-million through an account at HSBC in Vancouver, most of which represented proceeds from pump-and-dumps. Although he pleaded not guilty, he is already in jail serving a 16-month sentence from an unrelated case. (He tried to bribe corrupt brokers to buy shares of a Washington State company, Industrial Biotechnology Corp. It turned out the man purporting to represent the brokers was an undercover FBI agent.)

The two Israeli defendants, Mr. Weinbaum and Mr. Zigdon, have not yet made an appearance in the criminal case. Mr. Weinbaum has not been arrested, and Mr. Zigdon is in custody in Germany awaiting extradition. Both men have responded to the SEC case, and generally deny any wrongdoing.

Mr. Ricci, now a resident of Costa Rica, was not a defendant in the criminal case (although he is expected to be a witness). He settled with the SEC the day it filed its civil suit, agreeing to a penny stock ban and to an injunction barring future violations. He did not admit to any wrongdoing. Before going to Costa Rica, he worked at PI for five years, leaving the firm on Nov. 17, 1999.

[chocherita]

To any body: is this is a shell for sell or is dead? tia.

[chocherita]

SORRY here the link:Is there any hope for this stock? or is dead? I cttd a SHELL? Who owns this now? since the people who run this company were a bunch! of crooks! caught and facing jail time! who will take over this? the Government? or just let it die? tia.

[chocherita]

I just copy and pasted this post from yahoo m/b. What do you guys think?

[northwoods]

Stock Promoters Indicted for Conspiracy in Stock Manipulation Scheme
May 06, 2011
OTC Disclosure & News Service

Washington, DC -

Stock Promoters Indicted for Conspiracy in Stock Manipulation Scheme
U.S. Department of Justice May 02, 2011 ¦Office of Public Affairs [phone]/ [phone]


— filed under: Press Release
WASHINGTON—Three stock promoters have been indicted for their roles in a stock manipulation scheme that defrauded investors, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, Chief Postal Inspector Guy Cottrell of the U.S. Postal Inspection Service (USPIS) and James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office.

Timothy Barham Jr., 43, of Henderson, Tenn.; Nathan Montgomery, 30, of Henderson, Nev.; and Ryan Reynolds, 39, of Dallas, were each charged in a superseding indictment filed on April 28, 2011, in U.S. District Court for the Southern District of Florida. On April 29, 2011, Barham was arrested in Henderson, Tenn., and Montgomery was arrested in Las Vegas. Reynolds, who was in custody on previously filed civil charges, made his initial appearance today in U.S. District Court in Dallas.

The superseding indictment charges Barham, Montgomery, and Reynolds each with one count of conspiracy to commit securities fraud, wire fraud, and mail fraud. The superseding indictment also charges six individuals who were originally indicted in February 2010 for their roles in the fraud scheme: Jonathan Randall Curshen, 46, of Sarasota, Fla.; Michael Simon Krome, 49, Long Island, N.Y.; Ronald Salazar Morales, aka “Ronny Salazar,” 39, of Costa Rica; Robert Lloyd Weidenbaum, 44, of Miami; and Eric Ariav Weinbaum, 37, and Izhack Zigdon, 47, both of Israel.

According to the superseding indictment, Curshen was the principal behind Red Sea Management and Sentry Global Securities, two companies located in San Jose, Costa Rica, that provided offshore accounts and facilitated trading in penny stocks. The superseding indictment alleges that Weinbaum and Zigdon took control of the outstanding shares of a company called CO2 Tech (ticker CTTD), which traded in the over-the-counter market through listings on Pink Sheets, an inter-dealer electronic quotation and trading system. Weinbaum and Zigdon allegedly obtained the shares by retaining Krome, a securities attorney. Krome allegedly evaded federal securities registration requirements in order to provide co-conspirators with millions of unregistered and “free-trading” shares of CO2 Tech that the co-conspirators could not have otherwise legally obtained.

The superseding indictment alleges that the shares were subsequently sold to the general investing public by Weinbaum, Zigdon, Curshen, and Salazar, a Sentry Global stock trader, through Sentry Global’s stock trading floor. According to court documents, the defendants concealed from the investing public the actual financial condition and business operations of CO2 Tech by evading the registration requirements. The superseding indictment also alleges that Weidenbaum, Reynolds, Montgomery, and Barham coordinated trades by purchasing shares of CO2 Tech on the open market from Curshen, Weinbaum, and Salazar. Weidenbaum was allegedly paid approximately $1 million by Weinbaum and Zigdon to participate in sham stock trades of CO2 Tech to make it appear that there were genuine investors in the market that were buying the shares.

As alleged in the superseding indictment, coordinated trades were often made between the co-conspirators in conjunction with the issuance of false and misleading press releases that were designed to make CO2 Tech appear that it had significant business prospects. According to these press releases, CO2 Tech purported to have a business relationship with Boeing to reduce polluting gases emitted from airplanes. The superseding indictment alleges that these relationships never existed.

After fraudulently “pumping” the market price and demand for CO2 Tech stock through these press releases and coordinated trades, Weinbaum, Curshen, Salazar, Reynolds, Montgomery and Barham allegedly “dumped” shares by selling them for large profits to the general investing public in the over-the-counter market through listings on Pink Sheets. These shares were allegedly purchased by unsuspecting investors, including in the Southern District of Florida, and were often rendered virtually worthless.

The superseding indictment further alleges that Curshen and Salazar engaged in a conspiracy to commit money laundering. Curshen, through Red Sea and Sentry Global, allegedly established domestic and offshore bank accounts through which the proceeds of stock manipulation schemes flowed. The superseding indictment alleges that Curshen and Salazar used these accounts to conceal the origin and ownership of the ill-gotten gains from these schemes.

The defendants are all charged with one count of conspiracy to commit securities, mail, and wire fraud. Additionally, as in the original indictment, the superseding indictment charges Krome with one count of securities registration violation, one count of obstruction of justice and one count of wire fraud. Weinbaum and Zigdon also continue to be charged with three counts of wire fraud. In addition, Curshen and Salazar each are charged with two counts of mail fraud, and Weidenbaum and Weinbaum each are charged with one count of mail fraud. The superseding indictment also charges Curshen and Salazar with one count of conspiracy to commit money laundering. The superseding indictment seeks forfeiture in the amount of $7 million.

The fraud conspiracy charge carries a maximum penalty of five years in prison and a $250,000 fine. Each count of wire fraud and mail fraud carries a maximum penalty of 20 years in prison and a $250,000 fine. The securities registration violation carries a maximum penalty of five years in prison and a $10,000 fine and the obstruction count carries a maximum penalty of 20 years in prison and a $250,000 fine. The money laundering conspiracy charge carries a maximum penalty of 20 years in prison.

Curshen, Krome, Salazar, Weinbaum, Zigdon, and Weidenbaum were also charged by the Securities and Exchange Commission in February 2010 in a related civil matter.

An indictment is merely a charge and defendants are presumed innocent until proven guilty.

The case was investigated by the FBI’s Washington Field Office and the USPIS. The case is being prosecuted by Trial Attorneys N. Nathan Dimock and Rina Tucker Harris of the Criminal Division’s Fraud Section. The U.S. Attorney’s Office for the Southern District of Florida provided significant assistance in this case. The Department of Justice acknowledges the significant assistance of the Financial Industry Regulatory Authority (FINRA) and the SEC in its investigation. The Criminal Division’s Office of International Affairs and Costa Rican authorities also provided assistance.

Today’s charges are part of efforts underway by the Financial Fraud Enforcement Task Force. President Obama established the interagency task force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

http://www.otcmarkets.com/stock/CTTD/news?id=30159

[chocherita]

Nope, is other kind of news! be patient....As u can see we are in positive territory, it shows me that this is a shell a clean Shell! the Bad people are gone for good, if I not mistaking this one is own by MM. EOM.

[CashCowMoo]

The SEC surprise? Is that what you meant about this pump and dump?

[nodummy]

Updated link for the SEC complaint against Jonathon R. Curshen, Michael S. Krome, David C. Ricci, Ronny Morales Salazar, Robert L. Weidenbaum, Ariav "Eric" Weinbaum, and Yitzchak Zigdon aka Izhack Zigdon

http://www.sec.gov/litigation/complaints/2011/comp21862.pdf

[chocherita]

cpatric, I see that u were a mod for this company here, any input on the latest news? I think this is a shell? but who is running this one? any thoughts? tia.

[nodummy]

SEC Charges Seven in Global Warming Pump-and-Dump Scheme

FOR IMMEDIATE RELEASE
2011-46

http://www.sec.gov/news/press/2011/2011-46.htm

Washington, D.C., Feb. 18, 2011 — The Securities and Exchange Commission today charged a group of seven individuals who perpetrated a fraudulent pump-and-dump scheme in the stock of a sham company that purported to provide products and services to fight global warming.

Additional Materials
SEC Complaint
http://www.sec.gov/litigation/complaints/2011/comp-pr2011-46.pdf

The SEC alleges that the group included stock promoters, traders, and a lawyer who wrote a fraudulent opinion letter. The scheme resulted in more than $7 million in illicit profits from sales of stock in CO2 Tech Ltd. at artificially inflated prices. Despite touting impressive business relationships and anti-global warming technology innovations, CO2 Tech did not have any significant assets or operations. The company was purportedly based in London, and its stock prices were quoted in the Pink Sheets.

According to the SEC’s complaint filed in U.S. District Court for the Southern District of Florida, the scheme was perpetrated through Red Sea Management Ltd., a Costa Rican asset protection company that laundered millions of dollars in illicit trading proceeds out of the United States on behalf of its clients. The U.S. Department of Justice today announced related criminal charges against six of the individuals.

“This group of illicit stock promoters sought to hide their scheme behind offshore entities, but their misconduct was exposed by the excellent cooperation of law enforcement agencies here and abroad,” said Cheryl Scarboro, Associate Director in the SEC’s Division of Enforcement.

According to the SEC’s complaint, the fraudulent pump-and-dump scheme in CO2 Tech stock occurred from late 2006 to April 2007 through the efforts of the following individuals:
Jonathan R. Curshen, a Sarasota, Fla., resident who founded and led Red Sea.

David C. Ricci and Ronny Morales Salazar of San Jose, Costa Rica, who were Red Sea stock traders.

Ariav “Eric” Weinbaum and Yitzchak Zigdon of Israel, who were Red Sea clients.

Robert L. Weidenbaum of Coral Gables, Fla., a stock promoter who operates a company called CLX & Associates.

Michael S. Krome of Lake Grove, N.Y., a lawyer who allegedly wrote a fraudulent opinion letter.

The SEC’s complaint alleges that CO2 Tech falsely touted business relationships that the company had not formed, including a relationship with the Boeing Company. In fact, there were no communications, correspondence or understandings between CO2 Tech and Boeing.

The SEC alleges that Weinbaum and Zigdon initiated the pump-and-dump of CO2 Tech by utilizing the services of Krome, who issued a fraudulent opinion letter to enable them to have the restrictive legend removed from their CO2 Tech stock certificate. This provided them nearly full control over the freely tradeable shares of CO2 Tech stock. Weinbaum then hired Red Sea to sell massive quantities of CO2 Tech stock to the investing public through its web of nominee brokerage accounts. Zigdon caused the materially false and misleading information about CO2 Tech to be disseminated in press releases and on CO2 Tech’s website.

According to the SEC’s complaint, Weinbaum hired Weidenbaum to redistribute the false information through websites, spam e-mails and fax blasts. Weidenbaum enlisted a group of stock promoters who then executed illegal “matched orders” with Red Sea’s nominee brokerage accounts in order to “jump-start” the market and increase the price of the stock. As a result of the false media campaign and the illegal matched orders, the market price of CO2 Tech stock increased 81 percent increase in one day and trading volume increased 1,573 percent.

The SEC alleges that after Weinbaum hired Red Sea, he directed Red Sea stock traders Ricci and Salazar to sell the stock. Ricci and Salazar placed multiple layered orders to sell CO2 Tech stock – thereby creating the false appearance that the market for the stock was deeper than it actually was. This coordinated misconduct enabled stock sales at artificially inflated prices for profits of more than $7 million at the expense of unsuspecting investors.

The SEC’s complaint alleges that Curshen, Ricci, Salazar, Weinbaum, Zigdon, and Krome violated Section 5(a), (c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Weidenbaum is charged with aiding and abetting Weinbaum and Zigdon’s violations of Exchange Act 10(b) and Rule 10b-5. Without admitting or denying the allegations in the complaint, Ricci settled the SEC’s charges by agreeing to an injunction against future violations of these provisions and a penny stock bar.

In the related criminal action, charges brought by the Justice Department’s Criminal Division were unsealed against Curshen, Krome, Salazar, Weidenbaum, Weinbaum, and Zigdon. The defendants are charged in the Southern District of Florida variously with conspiracy to commit securities, mail and wire fraud; wire fraud; mail fraud; violating the securities regulation laws and obstruction of justice.

The SEC’s investigation was conducted by Deborah Tarasevich, Keith O’Donnell and John Lehmann, Jr. Richard Simpson will litigate the case. The SEC acknowledges the assistance of the Fraud Section of the Criminal Division of the U.S. Department of Justice, the Federal Bureau of Investigation, and the U.S. Postal Inspection Service. The SEC also acknowledges the assistance of the Financial Industry Regulatory Authority (FINRA) and several foreign law enforcement agencies that provided substantial support to the investigation, including the Costa Rican Police, British Columbia Securities Commission, Israel Securities Authority, United Kingdom Financial Services Authority, and The City of London Police.

# # #

For more information about this enforcement action, contact:

Cheryl J. Scarboro
Associate Director, SEC Division of Enforcement
[phone]

Deborah Tarasevich
Assistant Director, SEC Division of Enforcement
[phone]

http://www.sec.gov/news/press/2011/2011-46.htm

http://www.sec.gov/litigation/complaints/2011/comp-pr2011-46.pdf

[chocherita]

Can anyone here imagine if this will happen to cttd! it will be the best in all my life! keep your eyes on cttd!,


Weekend Update 2-12-2011


I will be releasing a huge report Sunday night. You will not want to miss this one!!

Who caught the amazing run on GWAY. GWAY pinnacle of all penny stocks this week with a take over news that shot the stock from $.02 to $5.37 in just 3 days!!
This week was witness to some amazing rallies. Based on the volume quite a few people caught the first day move. If you got it early enough, $500 could of turned into over $130K! http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=gway&sid=0&o_symb= gway&freq=7&time=3

[chocherita]

CTTD #1 Stock 2011Cttd Is About To Get Higher Soon e9df147cd93a28cd8287f10333ca69b6

SHOCKING new rumor out on twitter for CTTD!Cttd Is About To Get Higher Soon 5f6fdf1d82a581057fb4853679cfe616 stocktickerquotes.com/buy/CTTD.,,,, I HOPE SOOOO!! LIKE I SAID TIME WILL TELL.

[chocherita]

Be patient man, patience!I see this before in different stocks, MM, have control over is like they own this one and next they announce a take over and this one can shoot to the moon! Why do you think cttd still trading w/o any news? and why from 0.0009 52 lows now is getting close to a penny? then after it build a penny for a while u never see a sub penny again only up! up and away!!!

[lazyeye]

Oh, do tell. Share with us your knowledge of the "announcement" from a company (now revoked from Nevada SOS) that hasn't announced anything in several years, has a CEO and pres that can be found nowhere except CTTD news releases and which also employed a crooked attorney who is banned by pinksheets.

Tell us please, how you know. Exactly how you know, and what you know.

LOL, it seems that this is your once a month "NEWS SOON" post...

Waiting.......

[C Patrick]

Yeah, there needs to be actual trading to narrow it.

[chocherita]

Look at the bid accumulation,that for me is a SIGN of BULLISH about to Happen! Go CTTD!IT will make a lot of US RICH!...

[chocherita]

Check my post 373,you guys haven't seen anything yet!remember 3 years ago this stock was trading more than $2.00 something great is about to be announce, don't be left behind. EOM.

[lazyeye]

The B/A is a killer tho...

[C Patrick]

Wonder what is going on, volume at 336000 today. Only a few thousand $$ value but more than normal.

[insmanjon]

Sounds Great to me- Keep me in the Loop

[C Patrick]

Does anyone have any substantive information about what is going on with this company?

[chocherita]

ALERT! CTTD!!! NEW HIGHS IS COMING!!!SOOOOOOOOON!!!!!!!... GO CTTD. IT WILL SURPRISE A LOTS OF PP HERE.

[insmanjon]

That is soon I have been holding for over 2 years so whats another 30 days

[chocherita]

Very SOON!! i WOULD SAY WITH IN 30 DAYS!!!!??????

[insmanjon]

And when are we going to see these New Highs!!!!!!!!!!!!

[chocherita]

Good shake up today! I believe NEW HIGHS FOR THIS IS ON THE WAY VERY SOON!!!Lot of people will get a BIG SURPRISE WITH CTTD.

[C Patrick]

Some minor price fluctuations today, but again on minor vol. Wonder if something is cooking...

[C Patrick]

Also, can anyone shed some light on the (relatively) heavy and seemingly random volume? Who is trading and why? Discolsure: I own a small chunk.

[C Patrick]

Is there a group of people working behind this company or are they at shell stage at this point?

[C Patrick]

Patiently waiting for this one. Such a low float will enable it to really fly.

[SimonL]

CHART 9/17

[C Patrick]

Why the volume today?

[chocherita]

According to charts, we are in highers low.Base had formed, by saying this bottom had for at 0.005.JMHO.

[insmanjon]

where do see this breakout

[chocherita]

I see a huge break out is coming for CTTD all time HIGHER!

[Lucky_Charm$]

yeah thats usually the case...

[chocherita]

I think news is gonna be HUGE!!... remember this stock was at one time high $2.00 almost 2 years ago.Go CTTD!

[Lucky_Charm$]

wonder if some are front loading here?...been in a couple of those

You test the water Matt, then let me know....you scratch my back and then I'll scratch yours???---LOL

[MatthewAnderson]

Yeah..someone....well some people know something. Look at the buys. Run searches on the news. Something is going on in this company and I cannot figure it out. I just know I should have bought in. As of Thursday June 3rd it is at 4 cents. I don't think it is going to stop until the middle of next week.

[chocherita]

My theory on this one is: if this CTTD is a shell could be a target for a merge with a private company that could send the stock to the MOON! The million Dollar question is WHO? All can see is that some one knows something and is loading BIG TIME by now. I don't see this company go to subs anymore. Any thoughts? Tia.

[MatthewAnderson]

I was going to buy in for half a penny and thought it would drop. OMG, I better get in now, but I think it will drop again