HempAmericana Inc (HMPQ)

[Ubgood]

Someone please start a go fund me page for sal...
He can't even afford a new spreedo!!

[Ubgood]

Nothing left here but SAL'S old speedos!! Sad story for sure!!

[Ubgood]

Still 99% over valued!! Not worth .00000001 even

[Ubgood]

Would hope SAL is in jail..crooks

[Randyfloyd420]

Bunch of crooks. How’s this stuff even legal. Like 90 percent of hemp and marijuana stocks are absolute frauds

[janice shell]

Sad to say, it was indeed a scam...

[Homebrew]

Wait! What? Stinky-Pinky was a scam? No way !

[janice shell]

SEC Obtains Final Judgments Against Stock Promoter [Eleazar Kauderer] and Microcap Issuer in Penny Stock Fraud Scheme

Securities and Exchange Commission v. GPL Ventures LLC, et al., No. 21-CV-6814 (S.D.N.Y. filed Aug. 13, 2021)

https://www.sec.gov/litigation/litreleases/2023/lr25734.htm

[Renee]

HMPQ: Securities and Exchange Commission v. GPL Ventures LLC, GPL Management LLC, Alexander J. Dillon, and Cosmin I. Panait, No. 1:21-cv-06814 (S.D.N.Y. filed Aug. 13, 2021)

Courtesy Samsamsamiam:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171833649

Litigation Release No. 25706 / May 3, 2023

SEC Obtains Final Judgments Against Firm and Its Principals for Acting as Unregistered Dealers and Engaging in a Penny Stock Fraud Scheme

On May 2, 2023, the U.S. District Court for the Southern District of New York entered final judgments against Alexander J. Dillon, Cosmin I. Panait, and their corporate entities GPL Ventures LLC and GPL Management LLC, whom the SEC charged with acting as unregistered dealers and engaging in a penny stock fraud scheme. To settle the case, the defendants consented to pay more than $39 million in civil penalties and disgorgement.

The SEC's complaint, filed on August 13, 2021, alleged that between July 2017 and August 2021, the defendants acted as unregistered securities dealers by privately acquiring numerous microcap stocks at a discount and subsequently publicly selling the securities to the investing public. In addition, the complaint charged the defendants with orchestrating a fraudulent scheme in which they acquired shares in microcap issuer HempAmericana, Inc. and secretly arranged for HempAmericana to use a percentage of the stock proceeds to fund stock promotions while the defendants sold their shares into the market.

Without admitting or denying the allegations in the SEC's complaint, the defendants consented to the entry of final judgments permanently enjoining them from violating Section 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a)(1) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The final judgments also order the defendants to pay $29,681,569 in disgorgement and $2,489,799 in prejudgment interest, orders Dillon and Panait to pay civil money penalties of $3,500,000 each, directs the defendants to surrender for cancelation all remaining unconverted convertible notes still held, with a face value of approximately $11 million, and imposes five-year penny stock bars against defendants.

The SEC's investigation was conducted by Brenda Chang, John C. Lehmann, Peter A. Lamore, and Adam S. Grace, and the litigation, which remains ongoing against other defendants, is being handled by Paul Gizzi, Ms. Chang, and Mr. Lehmann. The case is being supervised by Thomas P. Smith, Jr.

——-

https://www.sec.gov/litigation/litreleases/2023/judg25706.pdf

https://www.sec.gov/litigation/litreleases/2021/lr25169.htm

[Lime Time]

HMPQ any life left in this one?

[pennybiteme]

WTG SALLLY BOY THANKS FOR THE BS

[JMoneyHoops]

Any word on filings here?

[stockscamalerter]

https://www.otcmarkets.com/stock/HMPQ/quote

Warning! This security is eligible for Unsolicited Quotes Only

This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Warning! This security is traded on the Expert Market

The Expert MarketSM serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting. See additional information about the Expert Market here.

[Pennyes]

According to the SEC's complaint, filed in the United States District Court for the Southern District of New York, GPL Ventures purchased, since at least July 2017, more than 1.5 billion shares of HempAmericana Inc. stock through a Regulation A offering, with the understanding that HempAmericana would use a portion of the offering proceeds to secretly finance stock promotions that would enable GPL Ventures to sell its HempAmericana shares at a profit. The complaint alleges that HempAmericana misled investors regarding its use of the offering proceeds, and that co-defendants Seaside Advisors and Lawrence Adams paid a stock promoter who, in turn, funded promotions of HempAmericana’s stock that failed to disclose HempAmericana's role in financing the promotions and that GPL Ventures intended to unload its shares into the promotion. GPL Ventures and certain of the defendants allegedly reaped about $11 million in illegal profits from this fraudulent scheme.

https://www.sec.gov/news/press-release/2021-153

[Realtalknofaketalk]

Just saw this today. I remember all the hype by this punk back in 2019-2020. The oil machines Jamie from hempwerks remember him ??? He was the brains lol. Wow I’m glad I got out This guy kept talking about how honest he was. How he was a war vet. True blue collar worker. Lol scum bag old fart

The first clue was when some of the investors were driving to the site in New York and nothing was happening lol


How does one make $11 million when the company records less than $10,000 in revenue for a year? Apparently by pumping and dumping the stock says the SEC (Securities and Exchange Commission). The SEC is opposing an attempt by HempAmericana (OTC: HMPQ) to have its complaint dismissed.

Hemp Americana

HempAmericana was incorporated in 2014 with a factory and equipment aimed at processing, bottling, and selling products made of industrial hemp, including CBD oil. Since its incorporation, HempAmericana has never been profitable. From 2017 through May 2020, HempAmericana generated a mere $9,727 in revenues. Salvador E. Rosillo is HempAmericana’s CEO. The complaint alleges that almost a third of the company’s money was used for stock promotion – not for actually growing the business.

The company reported that for the year ended in February 2021, it had revenues of $7,793 and expenses of $478,064, leaving a net loss of $551,291. For the quarter ending in May, the company had revenues of $300 and the quarter ending in August had no revenues and just $12,000 in cash.

SEC Complaint

In August 2021, The SEC accused GPL Ventures and GPL Management of acting as unregistered dealers by privately acquiring large blocks of stock in approximately 140 microcap issuers and publicly selling those blocks into the market for their own account, generating gross proceeds of at least $81 million. The most lucrative of the penny stocks was HempAmericana which generated a profit of $11 million.

The GPL defendants are accused of secretly funding promotional activity in penny stocks in a scheme known as “scalping.” Scalping is when someone buys shares of a stock for his or her own benefit before recommending that stock to others and doesn’t say anything during that recommendation of plans to sell them. The action is then followed by selling the shares once they rise after the recommendation. It’s also called a pump and dump scheme. The SEC accuses the GPL Defendants of buying and selling large blocks of HempAmericana securities from 2017 through at least late 2019.

The SEC complaint alleges that HempAmericana, through Rosillo sold shares to Alexander Dillon, Cosmin Panait, GPL Ventures LLC, and GPL Management LLC on the condition that HempAmericana then pays a portion of the proceeds from those sales to stock promoters in order to tout the company’s stock. The filing stated, “HempAmericana then issued stock to the GPL Defendants under Regulation A—an exemption from the requirement that securities offerings be registered—and indeed provided a significant portion of the proceeds to stock promoters or their intermediaries. The GPL Defendants sold (or “dumped”) the stock at a profit once the promoters had touted the stock and “pumped” up its volume and price. As Rosillo knew, the GPL Defendants would not purchase more HempAmericana stock each time until they had sold their prior holdings. This practice took place over the course of three years, through multiple issuances of shares, and was never disclosed to other investors in the company.”

Dillon and Panait co-own and control GPL Ventures and GPL Management, through which they invest in microcap companies. Dillon previously held a Series 7 securities license and was briefly employed at a registered broker-dealer from April 2013 to July 2013. Panait is a Romanian citizen.

Stock Promoters

Seaside Advisors, LLC and Lawrence B. Adams were hired to promote the HempAmericana stock. They didn’t disclose that the GPL Defendants funded the promotions, and they are accused of failing to disclose that the GPL Defendants intended to sell HempAmericana stock at the same time that Seaside and Adams were paying promoters to recommend that investors purchase the stock. Adams owns Seaside and is also the CEO of a microcap issuer, Image Protect Inc. (ticker OTC: IMTL).

The SEC alleges that the GPL Defendants repeatedly bought HempAmericana stock at a discount and then sold with HempAmericana sending a portion of its resulting stock sale proceeds to Seaside. Once HempAmericana sent stock proceeds to Seaside, Seaside used the proceeds to pay a professional stock promoter. That stock promoter hired other promoters to tout the stock. The GPL Defendants would sell their HempAmericana stock during the promotional campaigns.

For example, in August 2017, when the GPL Defendants purchased 16 million shares of stock for $80,000, the funds went to a HempAmericana escrow account from which Dillon then provided instructions for $50,000 to be sent to HempAmericana and $30,000 to be sent to Seaside. Overall, of the $7.4 million in stock purchase proceeds that the GPL Defendants paid to HempAmericana during the scheme, HempAmericana paid $2.18 million to Seaside, and Seaside in turn forwarded nearly 60% of the amount it received to an unnamed individual hired to promote the stock.

The unnamed individual then is accused of using two kinds of promoters. First, he hired people whom he understood to have email lists or social media mechanisms that would enable them to get buyers into the stock, apparently with the promise of buying cheaper stock in advance of the promotion. Second, he hired people who would in turn pay others to engage in more traditional promotional activity during the “pump” of HempAmericana’s stock price (before the GPL Defendants “dumped” their stock).

The complaint stated, “As an example of how the scheme unfolded, in January 2018, the GPL Defendants purchased $170,000 of HempAmericana stock. $70,000 of the sales proceeds went to Seaside, and $55,000 of that amount went to Individual A, who in turn paid an entity, “Entity A.” Later that month, another entity, “Entity B,” put out email blasts promoting HempAmericana stock and disclosing that it was compensated by Entity A, which was described as a non-affiliated third party. The promotion’s disclaimer said that Entity B did not own any shares in HempAmericana and made no reference to anyone intending to sell shares into the promotion. Individual A’s hiring of such intermediaries further insulated the GPL Defendants (and HempAmericana) from any apparent connection to the promotional campaign.”

OTC Skull & Crossbones

While the SEC case didn’t mention the stock promoters, back in 2018 when the OTC placed a warning on the stock, that information was disclosed. At the time, the company had paid $71

[stockscamalerter]

"As to that scheme, I find that the Complaint plausibly alleges that HempAmericana and Rosillo had the requisite scienter to be held liable for their participation. First, it plausibly alleges that HempAmericana and Rosillo were willing participants in the scheme. They were aware of the terms of the GPL Defendants' investment, and that more than half of the investment was going to fund the promotional activity. Indeed, Rosillo paid Individual A because the GPL Defendants' brokerage firm would not allow the funds to come from HempAmericana's escrow account. In addition, the Complaint alleges that Individual A was in contact with both Rosillo and the GPL Defendants, leading to a strong inference that all of the various actors in this complex scheme were working in concert and with the express understanding that the purpose was to drive up the price of HempAmericana's stock. Finally, based upon the allegations that prior to the GPL Defendants' investment, HempAmericana had never been profitable, it strains credulity to think that neither HempAmericana nor Rosillo knew what was going on. And if they simply thought that previously uninterested investors suddenly saw substantial value in HempAmericana's stock, despite no other changes in business operations or financial prospects, then they were willfully blind to the material circumstances surrounding HempAmericana's sudden change in fortune."

[Ubgood]

Whatever he got...he should get an extra year for wearing a speedo!!

[Ubgood]

DID SAL GET JAIL TIME?? ANYONE KNOW HOW MUCH?

[Ubgood]

Someone SAL was wearing a neon green speedo in the courtroom today!!@ such a pervert!! I guess he was going to the sperm bank after!!

[Ubgood]

This should be DELISTED ..VERY VERY SOON AFTER THE CEO( SAL) GOES BELORE THE JUDGE..Happening in the next few days!! SAL will have to give his size for his new orange suit!! Good color for a pervert!! He stole over 11 million on the stock he sold!! Company has only made 3,700 IN ITS LIFE AS A COMPANY!! THATS SOLD NOT ANY PROFIT!!

[Ubgood]

This should be DELISTED ..VERY VERY SOON AFTER THE CEO( SAL) GOES BELORE THE JUDGE..Happening in the next few days!! SAL will have to give his size for his new orange suit!! Good color for a pervert!! He stole over 11 million on the stock he sold!! Company has only made 3,700 IN ITS LIFE AS A COMPANY!! THATS SOLD NOT ANY PROFIT!!

[Ubgood]

This 80 year old crook is just like madoff..he should be put in jail!! SEC should stop this from yrading!! He has been scamming investors for years as he spent time in a sperm bank!! WTF!!!!

[stockscamalerter]

Rosillo to provide discolures and answer criminal complaint filed by SEC on February 25. The wheels of justice turn slowly but they do turn. https://casetext.com/case/sec-exch-commn-v-gpl-ventures-llc-2

[Ubgood]

Looks like this is close to folding...the corrupt company has been found guilty of defrauding investors...suspension should come next!!

[Ubgood]

VERY VERY BAD NEWS.
NEXT IS SUPENSION!@ HANG ON!@

[dealerschool2006]

$HMPQ

The SEC wins summary judgment against toxic convertible note lender #justinkeener. This SEC win demonstrates that the courts are recognizing that purveyors of convertible notes, funders that purchase convertible notes from OTC Mark…https://t.co/vBhtlgWtTj https://t.co/2AxZDpDlyu

— Securities Attorneys (@otclawyers) January 24, 2022

https://www.linkedin.com/feed/update/urn:li:share:6891508216627617792

[Ubgood]

Probably some lawyers are joining the suit..
But it's a federal INDICTMENT filed by the SEC!!

[dealerschool2006]

GPL Ventures loses its bid to dismiss the SEC enforcement action, based in part on dealer registration violations. So far #Keener, #Fierro, #Fife #Almagarby, #Liceaga and #Actusfund have all lost their motions to dismiss similar actions alleging dealer re…https://t.co/gCjtSoDWJJ

— Securities Attorneys (@otclawyers) January 19, 2022

are these the Attorneys suing $HMPQ ???

[Ubgood]

No...fraud case in federal court w/ SAL and hmpq as defendants in defrauding investors with sale of securities..w/ other companies involved..

[dealerschool2006]

Is this what you are talking about re. $HMPQ ??? https://www.linkedin.com/feed/update/urn:li:ugcPost:6889694371864702976

[Ubgood]

Double turd sausage here

[Ubgood]

Double turd sausage here

[Ubgood]

Turd sausage here

[Ubgood]

Anyone hear about new company products?? It should be exciting and get a rise out of Male investors!! It could be a last minute gift company for guys to buy for girlfriends..

[Ubgood]

This company going to change its name?? Is that true?? DSJ of america...SALs new vision I guess...dildos speedos and joints!!! WTF

[Ubgood]

Did sal start a go fund me page to fund a new collection of speedos?? Just how many can a 80 year old weirdo own?? Dam he just shouldn't of joined that sperm bank swingers club!!! Get back to work!! Start defrauding investors...its your job!!! And your good at it!!!

[Ubgood]

Could this be the final dead spiral for this stock?? Looks very very dead!!!

[Ubgood]

Will santa bring Sal a new speedo for our pervert CEO?? Only santa knows..

[Ubgood]

Sal must of lost his speedo again!!

[Ubgood]

We could see 4 or 5 zeros after supension

[Ubgood]

This company is on life support!! SAL should stop spending his days at the sperm bank and take care of business..the fraud suit is not going to be nice to company and shareholders...

[Randyfloyd420]

Yea it’s completely BS

[Ubgood]

Sec is a part of this scam by not doing honest enforcement..sad

[Randyfloyd420]

How is that legal. How are so many fraud companies just able to sell stocks?

[Ubgood]

Easy...it was never a real company..no employees...no business plan.. an 80 year old CEO who has other fraud companies and has billions of shares.
.he has been selling shares for years...its a scam..he only needs a small move to sell and repeat over and over...

[Randyfloyd420]

How does this not do anything for years????

[Ubgood]

Anyone see that weirdo SAL? Company is dead in the watet!!

[Ubgood]

Anyone know when the SEC will suspend the trading here...should be soon as the FRAUD trial continues...old sal should of retired wearing his speedo in florida....I wonder if he is still hanging out at that sperm bank....he is such a weirdo....

[Ubgood]

Looks like the fraud INDICTMENT is going bad!! Going to turn into a sh_t show soon!!@!

[Ubgood]

Sounds like the trail is not going well...could have a suspension of trading soon!@ frauds need to pay the price!!