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How many more days until the CEO has to say something?
The CEO of $CMGO's buddies (the ones who own the oil tech) were brought up on charges of fraud by the SEC. Strange declaration and support of the SEC's "facts" by their attorney in trying to get the crooks out of millions of dollars in damages.
#TheFriendsYouKeep
#FraudAfterFraud
I heard rumors that being indicted by the SEC for fraud can be a bad move, as well.
What is really intriguing is how the CEO uses $CMGO to help out his own personal investments.
Been following XA on Insta?
^^^Not XA
#FixItUpChappie
Well, this is interesting.
#FixItUpChappie
#MakingLoansToPersonalInvestments
YES.THAT WAS BEFORE THE $2 MILLION REVENUES THAT IS COMING IN THE Q4.WHEN THE NEWS CAME OUT ABOUT THE REVENUES IN Q4.ALL CHANGED.NOW I AM POSITIVE,BECAUSE $2 MILLION IN ONE Q ALONE IS SOME SERIOUS MONEY.=THE STOCK SHOULD BE TRADING IN CENTS WITH THAT ALONE.WE WILL SEE WHAT HAPPENS.
JOE CAZZ 30 K FOLLOWERS LIKES CMGO.
Let’s stay hot #OTC $GGSM Big AS reduction. Watching for PR. 0017 and 0021 next spots above after 0013. 0009/10 support. $CMGO Getting more eyes and big bids lurking. Updates coming. 0025 clears and watch 003 for the big break. $GCAN Still getting loaded. Watch for…
— Joe Cazz (@Jcazz17) November 14, 2023
YOU SAID IT.CMGO ALWAYS RUN TO PENNYLAND.
Drugdoctor
Re: MRDALE post# 135217
Wednesday, April 28, 2021 7:56:32 AM
Post#
135218
of 139553
Good morning... $CMGO ALWAYS runs back to PENNYLAND... now can we make it multi-pennies?
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About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. (https://www.cmgholdingsinc.com/) is a Chicago holding company whose primary operating subsidiary is XA – The Experiential Agency, Inc. (http://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, including graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interactive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social mediums. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.
Glenn Laken grew up in Valley Stream N.Y. He graduated high school in 3 years. He went to C.W. Post College and graduated in 1975. He met his wife of 37 years Barbara while at college. The have 2 children Alexis, and Glenn Laken II. Alexis is a clothing designer in N.Y. with 2 of her own lines Contrarian and Prodigal Sons. His son is a attorney in Chicago with the international firm of Kirkland and Ellis. Glenn is an avid weightlifter and exercise fanatic, and has been lifting for 45 years, and routinely logs an hour a day on the exercise bike.
Glenn started in the financial industry in 1979 began on the floor of the NYFE. From there he became a partner at Conklin Cahill a NY stock exchange specialist firm, he spent 5 years there and had a commodity trading division that became very successful. From there Glenn went on to work for a legend in the business John Mulhearn of Jamie Securities a hedge fund with almost a billion dollars under management in 1984. Mr. Laken was the head commodity trader for the fund. In 1985 Mr. Laken moved to Chicago he set up a very large floor brokerage operation on the floor of the Chicago Mercantile Exchange. and shortly after he was approached by a Saudi investor to start a clearing firm. Under Mr. Laken’s guidance the firm had over 600 floor traders and 100 offices around the country. After almost 3 years Mr. Laken sold his share of the firm and went back to trading for himself. For the next decade Mr. Laken advised many companies and strategies for beating the markets.
In 1999 Mr. Laken purchased the fabled Cigarette Racing Team boat company which had fallen on hard times, in a 3 year turn around play a purchase for 6.25 million was turned into a almost 22 million dollar sale. Mr. Laken has been advising small public companies and startups for the last 5 years and is involved currently with CMG Holdings Inc.
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
https://www.sec.gov/news/press-release/2022-145
Washington D.C., Aug. 15, 2022 -
The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price and trading volume of those stocks. Those charged include Rahim Mohamed of Alberta, Canada, who is alleged to have coordinated the hacking attacks, and several others in and outside the U.S. who allegedly benefited from or participated in the scheme.
According to the SEC’s complaint, in late 2017 and early 2018, hackers accessed at least 31 U.S. retail brokerage accounts and used them to purchase the securities of Lotus Bio-Technology Development Corp. and Good Gaming, Inc. The unauthorized purchases allegedly enabled fraudsters, who already controlled large blocks of Lotus Bio-Tech and Good Gaming stock, to sell their holdings at artificially high prices and reap more than $1 million in illicit proceeds. According to the complaint, Davies Wong of British Columbia, Canada, and Glenn B. Laken of Illinois, respectively, controlled the majority of the Lotus Bio-Tech and Good Gaming stock that was sold while the hacking attacks were being carried out, and Mohamed coordinated with Wong, Laken, and others to orchestrate the attacks. The complaint also alleges that Richard Tang of British Columbia, Canada, was involved with both the Lotus Bio-Tech and Good Gaming schemes.
“This case illustrates the critical importance of cybersecurity and of our ongoing efforts to protect retail investors from cyber fraud,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “The SEC remains committed to rooting out this type of wrongdoing. Investors should also take precautions, including choosing strong passwords, using different passwords for different accounts, and using two-factor authentication when available.”
“Our complaint details a brazen and sophisticated scheme, with hackers using international accounts and dummy accountholders to hide their tracks,” said Nekia Hackworth Jones, Director of the SEC’s Atlanta Regional Office. “As this case demonstrates, the Division can uncover misconduct even when it crosses borders and is concealed behind multiple layers of obfuscation.”
The SEC’s complaint charges violations of the antifraud and beneficial ownership reporting provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934 and names two relief defendants who received proceeds from the hacks. The SEC seeks the return of ill-gotten gains plus interest, penalties, bars, and other equitable relief. The SEC’s investigation is continuing.
The SEC’s investigation has been conducted by Joshua Dickman and Lucy Graetz of the Atlanta Regional Office, Andrew McFall of the Washington, D.C. Office, and Patrick McCluskey of the Philadelphia Regional Office, with the assistance of Marlee Miller and Owen Granke of the SEC’s Office of International Affairs. The case is being supervised by Acting Chief of the Crypto Assets and Cyber Unit Carolyn Welshhans, Market Abuse Unit Chief Joseph Sansone, Justin Jeffries and Natalie Brunson of the Atlanta Regional Office, and Amy Flaherty Hartman of the Chicago Regional Office. Robert Gordon and William Hicks of the Atlanta Regional Office will lead the SEC’s litigation, supervised by M. Graham Loomis.
The SEC appreciates the assistance of the Financial Industry Regulatory Authority, the Alberta Securities Commission, the Australia Securities and Investments Commission, the British Columbia Securities Commission, the Calgary Police Service, the Cayman Islands Monetary Authority, the Dubai Financial Services Authority, the French Autorité des Marchés Financiers, the Hong Kong Securities and Futures Commission, the Mauritius Financial Services Commission, the Ontario Securities Commission, the Quebec Autorité des Marchés Financiers, the Royal Canadian Mounted Police, the Securities Commission of the Bahamas, the Sûreté du Québec, the Superintendencia del Mercado de Valores de la República Dominicana, the Swiss Financial Market Supervisory Authority, and the United Kingdom Financial Conduct Authority.
