MARKET SCAMS

[BullNBear52]

Post away.

[Psionic Trader]

is this board about every type of scams not just stock fraud?

[creede]

#1 all time dumbest post I have ever seen...from ragingbull, of course:

Vision Works Media Group Inc (OTCF: VWKM)

« VWKM Message list | Reply to msg. | Post new msg. « Older | Newer »
By: ronn43623
09 Feb 2006, 01:13 PM EST
Msg. 2606 of 2613
Jump to msg. #
SOLD MY BKMP AND JUST BOUGHT 2000000 SHARES. I BELIEVE THIS HAS A MUCH BETTER FUTURE

ROTFLMBO!!!!!!!!!!!!!!!!!

[easymoney101]

Bush 2007 budget quietly omits impact of policies on deficit
http://rawstory.com/news/2005/Bush_2007_budget_quietly_omits_impact_0207.html

[StephanieVanbryce]

LOL .. funny .. & true .. ;))

[easymoney101]

Personal data on Americans faxed to Manitoba company

http://www.theglobeandmail.com/servlet/story/RTGAM.20060205.wdata0205/BNStory/National/home

[easymoney101]

Homeland Security To Confiscate Bank Safe Deposit Box Contents

BANK OF AMERICA & COMPASS BANK MANAGERS WERE TOLD HOMELAND SECURITY WILL CONFISCATE SAFE DEPOSIT BOXES

January 22nd 2006
by notepad

While all the other points I mentioned in a previous post are fairly well documented and discussed elsewhere on the Internet, the bank information I reported is not. This information is from my own experience and research. I discovered the disturbing news quite by accident - and by virtue of its importance, I decided to post my findings here and on a few other forums.

What did I hear?

A family member from Irvine, CA (who’s a branch manager at Bank of America) told us two weeks ago that her bank held a "workshop" where the last two days were dedicated to discussing their bank’s new security measures. During these last two days, the workshop included members from the Homeland Security Office who instructed them on how to field calls from customers and what they are to tell them in the event of a national disaster. She said they were told how only agents from Homeland Security (during such an event) would be in charge of opening safe deposit boxes and determining what items would be given to bank customers.

At this point they were told that no weapons, cash, gold, or silver will be allowed to leave the bank - only various paperwork will be given to its owners. After discussing the matter with them at length, she and the other employees were then told not to discuss the subject with anyone.

The family member has since given her notice to quit the bank.

I found the news alarming and decided to find out more myself. On a trip to my bank here in Houston, I remarked to a young bank employee (who’s new there), "well I guess you’ve been told all that stuff by the manager and the Homeland Security about what to tell your customers" - and to my amazement, the young woman came right out and said yes she’d been through all that, then whispered to me across the counter, "but we’re not supposed to talk about - I could lose my job."

Why haven’t you heard more about this?

First of all, since maybe only banks’ upper management is privy to the new "rules", the information doesn’t trickle down so easily.

Also keep in mind that employees have been told NOT to say anything about this, that it’s a matter of National Security (with an allusion toward arrest if they do). They face possibly losing their job too. Another reason is that bank employees may not think it’s important, or they believe they’re a unique part of the effort towards curtailing "terrorism" and helping America’s internal defenses.

It is also important to realize that not everyone’s a writer, or Internet savvy - even if the employees moved beyond their banks’ warnings & constraints, most people don’t know how to get their experience published on the Web in the public domain - it’s a mystery they are not familiar with so you never hear their story.

How to get the information yourself:

Visit your bank, ask a few well-worded questions, being careful not to arouse suspicion - if that doesn’t work, talk to friends and other family members - maybe they’ve heard something - or as a last resort, just point blank call the bank manager in private and demand to know what’s all this business with the Homeland Security deciding what I can have from my safe deposit box - tell me now or I’ll close my account today.

I’ll bet if you put forth the effort you’ll get the answers you want.

What should you do with this information?

I’m not trying to "scare" anyone - just providing some news I think is relevant to Americans. Each must find his way through this dark forest - you will do with this information what best suits you and your loved ones - me personally, I see this as another indicator of how the criminals in charge over our lives intend to fleece U.S. citizens completely then dispose of them

Note: A last-minute article from AP dealing with heavily armed Mexican army units escorting a huge shipment of drugs into the US and confronting US forces has been put into this week’s Journal. Ed.

http://www.tbrnews.org/Archives/a2106.htm#001

[easymoney101]

Voice of the White
House January 27, 2006

TBR News.com
1-28-6

"I know from the private Republican polls (the ones you never see and never get into the media) that they are in serious danger of losing control of the government come November. The problem is that although the rank and file, and the leadership, know this, they cannot communicate to Bush that sea changes have to be made, at least cosmetic ones, or public anger will get to the point that impeachment is a probability.

Frankly, our President is a nut. He won't listen to anyone and does what he wants. The stupid twit actually believes he is some kind of God and can do anything he likes whenever he likes it. Thank God Bush doesn't get the urge to shoot a hunting rifle at passing tourists. His bizarre and distasteful sex life coupled with his binge drinking makes him a true menace. People thought a lecherous Clinton was bad but this one makes Clinton look like St. Vincent DePaul by comparison.

The leadership has more or less decided that since Bush will not change, he will simply have to go to save the rest of them or, if they are ideologues, for the common good. For themselves, not necessarily for the American people.

Although Bush stubbornly refuses to release any document which he feels might make him look bad, others are doing just that. Tens of thousands of pages of memos, reports, notes, tapes, and all kinds of priceless milestones on George W. Bush's journey to the underworld are being assembled and studied for possible "leaks."

I have seen some of these and am now going to do my frightened friends a huge favor by publishing some of the more awful ones.

For example: According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that "under the Patriot Act" (whatever that crap means) the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make "periodic and unannounced" visits to any bank to open and inspect the contents of "selected safe deposit boxes." Further, these boxes, taken from a DHS list of people who are considered "hostile to the present government, citizens who have visited outside the United States before or after 9/11 to countries now considered to be hostile to this country" " :Russia, Peoples Republic of China, Mexico, Guatemala, Spain, Italy, Egypt, France, Syria, Lebanon, Libya, Turkey or the Sudan" or any citizen who has a bank account in any of those listed countries are considered to be of legitimate interest in the "ongoing investigations into foreign and domestic terrorism."

Further, the DHA "shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence" any of the following items"bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature."

DHS memos also state that banks are informed that any bank employee, on any level, that releases "improper" "classified DHS Security information" to any member of the public, to include the customers whose boxes have been clandestinely opened and inspected and "any other party, to include members of the media" and further "that the posting of any such information on the internet will be grounds for the immediate termination of the said employee or employees and their prosecution under the Patriot Act."

Currently, the two major targets of these completely illegal and warrantless searches and seizures, are the California-based Bank of America and the Compass Bank. The former is one of the largest banks in the United States and Compass Bank ( Compass Bancshares, Inc). is a $30.1 billion Southwestern financial holding company which operates 385 full-service banking centers including 139 in Texas, 89 in Alabama, 73 in Arizona, 42 in Florida, 32 in Colorado and 10 in New Mexico.

Of extraordinary interest to the DHS are Bank of America records relating to their Bank Of America 'SafeSend Money to Mexico' program.

It should be noted that the DHS states that "in the event that the owners of these confiscated objects do not file an administrative complaint within three (3) months subsequent to said confiscation, the aforesaid items shall pass to the permanent custody of the DHS"

Isn't that wonderful? You and your wife are visiting relatives in France, Uncle Einar's $100,000 collection of gold coins is lifted out of your box and you don't get back to the United States for two months and don't check your looted box for another four months. My, some nice DHS person, or maybe two, has a nice new BMW to show off to his neighbors. Tough luck, Uncle Einar!

Oh, and you might like to know that the spate of "robberies" of bank credit card and personal data that took place in and around February of 2005, were not robberies at all. The DHS, using its muscle, simply went off with trucks full of data to mine at their leisure. The banks involved said nothing, and will say nothing. If they do, their people will be at a nice Federal country club, making shoes for the Army while the DHS bosses, to include the FEMA thieves, will be buying property on Rodeo Drive in Beverly Hills or Palm Desert. Or some nice marina like Marine del Ray to keep their nice new 150' yacht.

To date, in California alone (the only report I have seen) over 1,500 banks have been "visited" and boxes rifled between January, 2005 and January, 2006.

Next time, something about DARPA to amuse and entertain you all."
www.tbrnews.org/Archives/a2106.htm




http://www.rense.com/general69/vc.htm

[creede]

Yeah, your right. I had this thread marked because I figured eventually I would be putting VWKM on it. I'm glad it's here...It has helped get out the frustration. lol

[creede]

Hey, did you guys catch the late show tonight? Strangest thing....


David Letterman's Top Ten Dumbest Things Said By a CEO After Selling 750 million Shares.

10. The antenna on the roof was broken and we needed some powder quickly.

9. The company yacht needed a bigger deck, because the Minnesota Vikings are coming over for a Super Bowl party.

8. Needed money to help Paris Hilton buy implants.

7. What? Selling shares makes the price go DOWN?!?

6. We did it for the share holders. I thought the investors could use a little help flipping their shares.

5. What shares? I know nothing.

4. We are going to buyback and retire 400 million....just not now.

3. We need the money to pay for the reverse split paperwork

2. Have you READ TODAY'S AWESOME PR?

And the number one Dumbest Thing Said By a CEO After Selling 750 million Shares.......

1. "Due to the large volume, the company had to sell shares in order to improve liquidity. If we did not sell shares the MM's would run out...it's kinda like adding water to a lake so that it didn't dry up."

[creede]

OTC BB | Media - Television Networks/Service Providers | Vision Works Media (vwkm) vwkm Quote/Level II - News - Quote - Chart

Public Reply | Private Reply | Keep | Last Read Replies (1) | Next 10 | Previous | Next
Posted by: DENSKIJR
In reply to: wolfandbear who wrote msg# 729 Date:1/23/2006 12:24:59 PM
Post #of 749

what a piece of @#$% the o/s is now up to 3.65B they just uped it another 250 million from last week I agree though it seems stupid to sell at .0003 might as well just wait it out

what a complete jack ass

[RDG013]

Creede, good learning experience for you on VWKM. Never and I mean never trust any of these subber CEO's! That being said, I am quite sure you will get a chance to sell VWKM at a higher level than it is today. With a CEO like Astrom, I wouldn't bet on it breaking .001, but another run to .0007-.0008 is always a possibility.

[creede]

In regards to Vision Works Media Group VWKM:



Posted by: Creede Bighorns
In reply to: westeffer who wrote msg# 582 Date:1/20/2006 4:15:26 PM
Post #of 747

I'm totally disgusted with Mark Angstrom....I take-back and retire anything good or nice I ever said about him. I called the TA, and he said the new I/S is 3,434,504,078. I was so floored that I called Angstrom immediately, and told him that since I had spoken so highly of VWKM and management, would he please tell me what to say about wonderful New Screen selling 530 million shares. Here's what he said:

"Due to the large volume, the company had to sell shares in order to improve liquidity. If we did not sell shares the MM's would run out...it's kinda like adding water to a lake so that it didn't dry up."

Abashed, I asked incredously how he could "add water" when they just issued a PR saying that the company was buying back 400 million shares(not to mention he told me a few days earlier that he was buying them). Here's his reply:

"Oh, we are going to buy-back AND RETIRE(he stressed this like I care) 400 million shares...just not right now."

I told him he has hurt me and many others more than he knows. I'm not gonna post his reply because, from me, he has lost a voice...and a friend.

To my fellow investors, I'm sorry that my inexperience led me to allow myself to be used by Angstrom. I should have know better, but choose to ignore the signs(just like when Momma warned my about dating girls with all looks and no character). This experience will no doubt influence my future posts regarding CEO conversations in the future(if there are any). I apologize from the bottom of my heart, and hope you guys still do good in this stock. I have no idea if Angstrom will sell anymore shares or not, or what will happen with OEN. I do know, however, that I'm through talking to him on the phone, and have no intentions to buy any more shares...ever. I still have a little left, but will probably sell out soon.

To Mark Angstrom, I can't hardly express in my own words how I am feeling, so, as per custom, I guess Shakespeare will be the voice:

ROMEO

I thought all for the best.



MERCUTIO


Help me into some house, Benvolio,

Or I shall faint. A plague o' both your houses!

They have made worms' meat of me: I have it,

And soundly too: your houses!

[RedneckInvestor]

Nemo's moved on to cleaner rivers.

[greg s]

#msg-9355687

[easymoney101]

don't cha hold yer breath.. then again they might have the hearings in the basement again..

[RedneckInvestor]

I miss Nemo & Salmonslayer.

[RedneckInvestor]

Nice. I always knew the dems were good for something, now let's see if they can get the job done.

[easymoney101]

I, Greenspan
by Bill Bonner


I, Alan Aurifericus Nefarious Greenspan, Chairman of the Federal Reserve Bank, holder of the Medal of Freedom, Knight of the British Empire, member of the French Legion of Honor, known to my peers as the "greatest central banker who ever lived," (I will not trouble you with all my titles. I will not mention, for example, that I was the winner of the prestigious Enron Prize for distinguished public service, awarded on November 1, 2001, just days after Enron began to collapse in a heap of corruption charges) am about to give you the strange history of my later years.

more@
http://www.lewrockwell.com/bonner/bonner188.html

[easymoney101]

Democrats want ethics committee to probe 'day trading' allegations
http://rawstory.com/news/2005/Democrats_want_ethics_committee_to_probe_0119.html

[up-down]

SILVERADO GOLD (BB: SLGLF)

By: originalfred
19 Jan 2006, 09:56 AM EST
Msg. 28154 of 28154
Jump to msg. #
Warning to potential investors.

Please read the following articles BEFORE you make any decision on investing in this scam. And do NOT listen to pumpers, especially when they have a newly created alias and only seem to own 1 stock. Many pumpers have been lying about this company for YEARS while the company produces nothing and prints ever increasing quanties of stock.

Garry Anselmo - Silverado Gold Mines, Ltd. SLGLF - It takes a special kind of person to rip people off year after year after year...
http://www.our-street.com/scammy/lifetime.htm

Not to forget the longest running scam in our memory, Silverado continues ripping off the shareholders...
http://www.our-street.com/silverado.htm

Some experts alarmed over PR hype, contradictions, skyrocketing values...
http://wnd.com/news/article.asp?ARTICLE_ID=30603

An OTC Bulletin Board company called Silverado Gold Mines Ltd. has been making considerable noise lately about its imminent entry into the alternative energy business...
http://stockpatrol.com/article/key/silverado1

On May 4, 2000, it announced plans to establish a “production facility” for “a new, low-cost, environmentally friendly liquid fuel”..
http://stockpatrol.com/article/key/silverado2

And take a look at the share count over the last 5 years. This is obviously a dilution machine scam.

296,017,505 shares as of July 13, 2005
197,867,523 shares as of July 7, 2004
113,842,318 shares as of July 3, 2003
82,566,856 shares as of June 30, 2002
36,249,891 shares as of May 31, 2001
30,589,891 shares as of November 30, 2000
15,873,224 shares as of November 30, 1999


(Voluntary Disclosure: Position- No Position; ST Rating- Strong Sell; LT Rating- Strong Sell)

[up-down]

Anyone remember JBOH ?

I made my 1st big score buying and selling stocks on JBOH in Jan 1999 (2 5/16 to 25 in 4 days). I got out to early on the 3rd day at 10 and change, making 20g's

----

Beverly Hills broker-dealer settles SEC charges
Wed Jan 18, 2006 2:01 PM ET

By Joel Rothstein

WASHINGTON, Jan 18 (Reuters) - National Clearing Corp., a Beverly Hills, California-based broker dealer, its parent company, J.B. Oxford Holdings, and three former National Clearing executives agreed to settle U.S. regulatory charges over a mutual fund late-trading and market-timing scheme, regulators said on Wednesday.

National Clearing agreed to pay $2 million in disgorgement and penalties and the three former executives agreed to pay a total of $285,000, according to the U.S. Securities and Exchange Commission.

J.B. Oxford agreed not to have a controlling interest in the broker-dealer clearing business for five years, the SEC statement said.

Former National Clearing President and CEO James Lewis agreed to pay $200,000 and to accept a five-year ban from associating with any broker or dealer, the SEC said.

Former National Clearing Director of Operations Kraig Kibble agreed to pay $50,000, with a similar four-year ban.

James Lin, the former National Clearing vice president of correspondent services, agreed to a $35,000 penalty and a three-year ban, the SEC said.

"Mr. Lin is pleased to put this matter behind him and get on with the rest of his life," his lawyer, Susan Brune, said. Attorneys for the others did not immediately return phone calls seeking comment.

As is customary in such settlements, the companies and individuals agreed to the settlement without admitting or denying the charges.

According to the complaint, National Clearing facilitated "thousands of late trades in more than 600 mutual funds" between 2002 and 2003.

"Late trading" involves trading after-hours at stale prices, while "market timing" involves rapid trades that can exploit market inefficiencies and hurt ordinary investors

The mutual fund industry has paid more than $3 billion in fines, penalties and disgorged profits as a result of the investigations.

In the National Clearing scheme, typical of other late trading cases brought in recent years by the SEC, the broker-dealer received mutual fund trading orders after the 4 p.m. market close and executed the trades at the current day's net asset value.

The SEC said that National Clearing entered into written agreements with institutional customers to facilitate market timing and late trading, pocketing about $1 million from the scheme in which its customers earned more than "$8 million at the expense of long-term mutual fund shareholders."

J.B. Oxford Holdings reported consolidated earnings that included the ill-gotten revenues, according to the SEC.

© Reuters 2006. All Rights Reserved.


http://today.reuters.com/investing/financeArticle.aspx?type=governmentFilingsNews&storyID=URI:ur...

They reverse split 1:100 to get rid of shareholders on 12/31/05 so they could, and did de-list to the pinks, now JBOHD ($50/share)

JB Oxford Holdings, Inc. (Nasdaq: JBOH - News) announced today that it has completed the 1 for 100 share reverse stock split that has reduced the number of holders of record of JBOH common stock to fewer than 300. Accordingly, the Company has filed a Form 15 with the SEC to deregister the Company's stock with the SEC. The Company anticipates that its stock will be voluntarily delisted by NASDAQ as early as the close of business today. All fractional shares that would otherwise have resulted from the reverse stock split will be paid in cash at a pre-split adjusted price of $2.96 per share during the next month.

http://finance.yahoo.com/q?s=JBOHD.PK

[up-down]

APLL -- Apolo Gold & Energy, Inc.

Address:
1458-409 Granville Street
Vancouver, BC V6C 1T2
Canada

Website: http://www.apologold.com
Phone: [phone]

State of Incorporation: NV

Officers:
Martial Lavesseur, Pres. & CEO; Robert Dinning, CFO & Sec't.

Outstanding Shares: 57,226,552 as of 2005-05-09

Company Notes:
Formerly=Apolo Gold, Inc. until 5-05

Transfer Agent:
Pacific Stock Transfer Co., Las Vegas, NV 89193-3385

[StephanieVanbryce]

Wow !!! .. Thanks

[up-down]

THOM CALANDRA FOR ILLEGAL TRADING SCHEME

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19028 / January 10, 2005
Securities and Exchange Commission v. Thom Calandra, Case No. C05 00135 JCS (N.D. Cal. filed January 10, 2005)
SEC BRINGS FRAUD CHARGES AGAINST FORMER CBS MARKETWATCH COLUMNIST THOM CALANDRA FOR ILLEGAL TRADING SCHEME
The Securities and Exchange Commission today brought and settled civil fraud charges against Thom Calandra, a former columnist for the Internet website CBS MarketWatch.com. The Commission alleges that Calandra profited by secretly selling stocks shortly after his investment newsletter's positive recommendations of the stocks caused their prices to rise. In settling the matter, Calandra, who lives in Sausalito, California, will pay over $540,000 in disgorgement and penalties.

According to the Commission's complaint, filed in the Northern District of California, Calandra made over $400,000 in illegal profits through a practice known as "scalping"-buying shares of thinly-traded, small-cap companies, writing highly favorable newsletter profiles recommending the companies to his newsletter subscribers, and then selling the majority of his shares when the increased demand generated by his favorable columns drove up the stock price. From March to December 2003, Calandra followed this "Buy-Write-Sell" pattern for 23 different stocks that he covered in The Calandra Report, without disclosing his actions to his readers.

In addition, the Commission alleged that Calandra failed to tell his readers that he had received compensation from a stock promoter affiliated with two mining companies that Calandra profiled in The Calandra Report. The compensation took the form of heavily-discounted shares in the two companies-shares which Calandra later sold at a substantial profit after the stock prices rose following his favorable newsletter write-ups.

Calandra, without admitting or denying the allegations in the Commission's complaint, has agreed to a permanent injunction from further violations of the antifraud provisions of the federal securities laws (Sections 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder), and from further violations of Section 17(b) of the Securities Act of 1933, which prohibits the non-disclosure of compensation received for providing publicity about a security. Calandra also will disgorge $416,109.58 in illegal trading profits and prejudgment interest and will pay a civil penalty of $125,000.

SEC Complaint in this matter



http://www.sec.gov/litigation/litreleases/lr19028.htm



--------------------------------------------------------------------------------
Home | Previous Page Modified: 01/10/2005

[easymoney101]

Bank tape lost with data on 90,000 customers
People's Bank in Connecticut said the tape was lost in transit

Related to this topic

> MasterCard offers incentives to merchants that beef up security

> Data for 55,000 customers stolen from Bahamas hotel

> Brief: Microsoft extends product support life cycle to match patch releases

> Apple patches QuickTime vulnerabilities
> U.S. DHS funds security for open-source


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News Story by Stephen Lawson

JANUARY 11, 2006 (IDG NEWS SERVICE) - A computer tape from a Connecticut bank containing personal data on 90,000 customers was lost in transit recently, the bank reported today.

People's Bank, based in Bridgeport, Conn., is sending letters to the affected customers, it said in a statement. The tape contains information such as names, addresses, Social Security numbers and checking account numbers. It was bound for the TransUnion LLC credit reporting bureau, based in Woodlyn, Pa., via United Parcel Service of America Inc., the bank said.


UPS is investigating the incident along with all involved parties, said UPS spokeswoman Heather Robinson. She would not disclose when the package was lost.


The bank has not received any reports of unauthorized activity on the affected accounts and has no reason to believe the data has been improperly used, according to People's statement. The bank considers misuse of the data "highly unlikely." UPS also has no evidence that the package was compromised, stolen or received by an unauthorized person, according to Robinson.


Loss and theft of personal data has taken on a high profile since the theft of data on 145,000 consumers from credit and personal information vendor ChoicePoint Inc. in February 2005. Since that time, there have been dozens of reported cases of loss or theft of personal information involving more than 52 million people, according to a chronology compiled by the Privacy Rights Clearinghouse in San Diego. Among them was the loss of a computer backup tape from Bank of America Corp. containing information on 1.2 million customers, according to the privacy rights group.


There isn't enough information on the People's Bank tape to allow anyone to get into a customer's account, according to the bank. It does not contain checking account balances, debit card numbers, personal identification numbers or birth dates, the statement said. In addition, the tape can't be read without a mainframe and software, according to the bank.


The data on the tape involves customers that have a People's Bank personal credit line, an overdraft protection mechanism for checking accounts. As a safeguard, the bank will provide affected customers with a credit monitoring service for one year, at the bank's expense, to quickly alert customers to possible fraud involving their personal information.
http://www.computerworld.com/securitytopics/security/story/0,10801,107661,00.html?source=NLT_AM&....

[easymoney101]

oops yeh your right... forgot about the atm machines ..

[RedneckInvestor]

Here's what I consider the most informative board around on the subject...

http://www.investorshub.com/boards/board.asp?board_id=3319

[BullNBear52]

And your money. Diebold makes the ATMs. Funny how they can make an ATM that will give you a receipt for cash but not a voting machine that gives a receipt.

[up-down]

This board is a great asset! re:NS


Definitely a must for my favorite list to try an remain aware of the bad guys (and hence bad stocks) out there.

Does any one know if there is a board about naked shorting? If not, I'd like to post this link I came across in light of the fact that naked shorting has to be the biggest scam going.

The following two links are like instruction videos. Very informanitive, especially for newbies. The presenter seems a little lame at first, but it gets better and worth the viewing imo.

Part I: http://www.businessjive.com/nss/darkside.html

Part II: http://www.businessjive.com/nss2/darkside2.html

http://www.businessjive.com

Latest News stories pertainting to Naked shorting....
http://www.counterfeitamerica.com/
(the following is a cut and paste of this sites front page)


1/7/2006 Bob O'Brien's www.thesanitycheck.com Goes Online! (New)
http://www.TheSanityCheck.com

1/7/2006 Faulking Truth Editor to Write CMKX Story (New)
http://www.TheFaulkingTruth.com

1/6/2006 InvestigateTheSEC.com Gets Jim Cramer's Attention (New)
http://www.Investrend.com

1/6/2006 DTCC to Start Tracking BuyIns? (New)
http://www.SEC.gov

1/5/2006 No Hamsters Were Harmed. Overstock’s Irrepressible Patrick Byrne Selected As 2005 Financial Industry Person Of The Year (New)
http://www.Investrend.com

1/4/2005 Regulation SHO; Results Leave Questions More than Answers (corrected)
http://www.InvestigateTheSEC.com

1/3/2006 SEC Accuses 6 Ex-Putnam Execs of Fraud
Yahoo.com

1/3/2006 Shady Trades Clip Another Hedge Fund
http://www.Financial-Planning.com

1/3/2006 Bernanke may have to grow up fast
http://www.CNN.com

1/2/2006 If Short Sellers are so smart, why do they need to cheat to succeed?
http://www.InvestigateTheSEC.com

1/2/2006 Dark Side of the Looking Glass: Corruption and Destruction in our Capital Markets (Part 2/3)
http://www.Businessjive.com
Download "Dark Side of the Looking Glass" for offline viewing

12/29/2005 Dark Side of the Looking Glass: Corruption and Destruction in our Capital Markets (Part 1/3)
http://www.Businessjive.com
Download "Dark Side of the Looking Glass" for offline viewing

*Recommended Viewing* Note: This is an excellent flash presentation by Dr. Patrick Byrne of Overstock.com that explains how broker/dealers get away with naked short selling and how the problem is a systemic risk to the US economy.


12/29/2005 Coming up Short on Share Lending
http://www.Buyins.net

12/28/2005 Hedge Fund Manager Registration
http://www.Forbes.com

12/21/2005 Free Pass – SEC simply fines another Habitual Securities Violator
http://www.InvestigateTheSEC.com

12/20/2005 Little Honor in Reg. SHO ‘Honor System’
InvestigateTheSEC.com

12/16/2005 (Hedge Funds) Resisting Registration May Result In Revisions
http://www.InstitutionalInvestor.com

12/16/2005 Travelzoo reacquaints itself with SHO Threshold List
http://www.InvestigateTheSEC.com

12/15/2005 StockGate: Captive Regulator Cowers to Bear Stearns amidst Aiding Violations
http://www.InvestigateTheSEC.com Related: Bear Stearns Dodges Bullet

12/14/2005 StockGate: SEC Short Sided on Enforcements
InvestigateTheSEC.com

12/14/2005 Are Your Stocks Bona Fide?
PRWeb

12/10/2005 StockGate: Let the Proxy Battles Begin – SRO’s Fail to Enforce Proxy Rules
http://www.InvestigateTheSEC.com

12/06/2005 Transcript of the NASAA Conference on Naked Short Selling now available from NCANS
http://www.NCANS.NET
(Audio Link)

11/30/2005 Overstock.com President, Patrick Byrne, Regarding NASAA Public Forum on Naked Short Selling
http://www.Yahoo.com

11/09/2005 Time Magazine: Watch Out, They Bite! How Hedge Funds Tied To Embattled Broker REFCO Time.com Used"NAKED Short Selling" To Plunder Small Companies

10/27/2005 StockGate: Is The Naked Short Sales Bubble Now Big Enough To Threaten Wall Street?
http://www.InvestigatetheSEC.com

10/23/2005 Refco Uncensored: $10 Billion Scandal? Yeah right . . . Try 500 Billion!
http://www.Yahoo.com

10/19/2005 Refco's Balance Sheet Smoking Gun: "Securities Sold, Not Yet Purchased"
http://www.Bankrupt.com

09/20/2005 Congress Sells America Short
http://www.TheFaulkingTruth.com" target="_blank">http://www.http://www.TheFaulkingTruth.com

08/18/2005 CMKX CMKM Opponents of 'naked' short selling picket DTCC
http://www.Equitygroups.com

05/13/2005 Response from Robert Shapiro to DTCC Deputy Council Thompson (PDF)
http://www.NCANS.net

03/30/2005 Who's Behind Naked Shorting?
The Motley Fool - http://www.Fool.com

03/24/2005 Motley Fool: The Naked Truth on Illegal Shorting
The Motley Fool - http://www.Fool.com

01/18/2005 Regulation SHO Threshold List Gets Confuser and Confuser As Listings 'Disappear'
Investors Business Daily

10/05/2004 Is Time Running Short in StockGate Scandal?
http://www.TheFaulkingTruth.com

03/19/2004 Financial Terrorism in America
http://www.TheFaulkingTruth.com

11/6/2003 A Letter from Dave E Patch, Jr to Chairman Donaldson and the SEC Commissioners
http://www.SEC.gov

10/30/2003 Depository Trust & Clearing Corporation (DTCC) - The Unknown 20 Trillion Dollar Company
Unknown

08/04/2003 OECI to Aggressively Combat Naked Short Selling of OTC Bulletin Board Stocks
Market Wire

03/26/2003 Cornered Rats and the Plunge Protection Team (PPT)
http://www.Eldoragold.net

Spring 2003 Companies Struggle with Naked Short Selling
Registrar and Transfer Company

08/05/1996 THE SECRET WORLD OF SHORT-SELLERS

[easymoney101]

don't feel like the lone ranger...neither did I..for people that don't know tyco bought up ADT.. yep they watch your house.. and diebold has the locks on your safe depost boxes..

lock and load...

[BullNBear52]

I think I'm the only one who didn't get any money from Jack!

[RedneckInvestor]

San Antonio man included in international scam probe

The Associated Press

Published January 6, 2006

SAN ANTONIO — A local businessman is under federal investigation for allegedly being a key player in an elaborate Ponzi scheme that has bilked investors out of $36 million, according to court records.

Last month the U.S. District Court for the Eastern District of Texas in Sherman froze the assets of Gregory Thompson and his business, TNT Office Supply Inc., at the request of the Securities and Exchange Commission.

According to the SEC, Thompson and his company were part of a six-person network that "engaged in an ongoing fraudulent high-yield investment scheme." Other players in the scam are reportedly in Minnesota, Georgia and Australia.

Thompson did not immediately return a phone call from The Associated Press on Friday.

The SEC says would-be investors were sent to Thompson's company in San Antonio based on assurances the funds would be invested internationally to earn between 4 percent and 12 percent each month without risk of losing the principal.

Investors were told that Thompson forwarded the funds to Atlanta money manager Travis Correll, who would then send the money to an Australian trader to buy various foreign bank investments, the SEC said.

The SEC says assets are also frozen at three companies owned by Correll that were allegedly part of the scam _ Horizon Establishment, the Net Worth Group Inc. and Travis Correll & Co. Inc.

Investigators say the money was never invested. Instead, they say, Thompson, Correll and the others ran a Ponzi scheme in which older investors were paid returns out of funds sent by more recent investors.

___

Information from: San Antonio Express-News, http://www.mysanantonio.com

[RedneckInvestor]

Insider trading case resolved for $2.82M
Judge orders former NationsBank employee and friend to make payments to settle civil charges.
January 6, 2006: 2:02 PM EST


NEW YORK (Reuters) - A Manhattan federal judge this week ordered a former NationsBank credit policy officer and his longtime friend to pay $2.82 million to resolve civil charges related to a four-year insider trading scheme.

U.S. District Judge Michael Mukasey on Tuesday ordered the former officer, Richard Svoboda, to pay $556,000, including the disgorgement of $219,100 of improper profits, $186,900 in interest and a $150,000 civil penalty.



The friend, independent accountant Michael Robles, is to pay about $2.27 million, including a $1.26 million disgorgement, $757,800 in interest and a $250,000 penalty.

Lawyers for both men were not immediately available for comment. NationsBank merged with BankAmerica in 1998 to form Charlotte, North Carolina,-based Bank of America Corp (Research)., now the No. 2 U.S. bank.

U.S. securities regulators accused the defendants of trading based on inside information that Svoboda, who worked in NationBank's Dallas office, learned through his job.

This information most often related to companies involved in possible acquisitions and sometimes concerned NationBank clients about to report negative earnings developments, Mukasey wrote in his 34-page order.

Robles traded in securities of more than 20 different companies between 1995 and 1998, while Svoboda made many trades for his own accounts. The bank fired Svoboda in March 1999.

Mukasey said the defendants' financial conditions warranted less than the maximum penalties.

Svoboda pleaded guilty to securities fraud, tender-offer fraud and conspiracy charges in February 2002. Robles was later convicted of similar charges.

[easymoney101]

Tyco Acknowledges $1.6M Link to Abramoff
By THE ASSOCIATED PRESS
Filed at 9:39 p.m. ET

WASHINGTON (AP) -- Tyco International, whose former CEO became a symbol of corporate corruption, acknowledged Thursday it is the Jack Abramoff client referred to as ''Company A'' in court documents describing the lobbyist's scheme to funnel millions of dollars in lobbying fees to himself.

Tyco hired Abramoff in 2003 to lobby for it on a tax issue, said company spokeswoman Sheri Woodruff. She declined to comment further on the New Jersey-based company's relationship with Abramoff or on the lobbyist's activities.

Abramoff pleaded guilty this week in Washington to mail fraud, conspiracy and tax evasion in connection with his lobbying activities and in Miami to conspiracy and wire fraud in a 2000 business deal in which he and a partner purchased the SunCruz Casinos fleet of gambling boats.

Abramoff also agreed to cooperate with federal prosecutors trying to find out whether Abramoff bought specific actions from members of Congress, their aides or members of the Bush administration by doling out large campaign contributions and gifts such as meals at his restaurant, use of his skybox and trips abroad. Investigators are examining Abramoff's ties to former House Majority Leader Tom DeLay, R-Texas, and House Administration Committee Chairman Bob Ney, R-Ohio, among other lawmakers.

In court documents released Tuesday as part of Abramoff's guilty plea, prosecutors described some of Abramoff's activities, including his alleged use of a side business to fraudulently funnel millions of dollars from lobbying clients to himself.

Abramoff, then employed by the Washington firm Greenberg Traurig, solicited Tyco as a Greenberg Traurig client for lobbying on a tax issue in May 2003, according to the court documents, which refer to Tyco only as ''Company A,'' a manufacturing and services company.

Prosecutors say Abramoff recommended that the company hire both him and a public relations and campaign consulting firm called GrassRoots Interactive, but hid from Tyco that GrassRoots Interactive was his business.

''Additionally, Abramoff represented to Company A that he was negotiating on their behalf with GRI to try to save Company A money, when in fact he was simply setting a high price on services that he controlled and from which he would profit,'' the court documents say.

Tyco hired Abramoff and GrassRoots Interactive. In May and June 2003, Tyco paid GrassRoots Interactive, directly and through Greenberg Traurig's bank account, about $1.8 million, of which about $1.6 million went to Abramoff and entities he controlled, prosecutors say.

Unlike some of the Indian tribes Abramoff acknowledged defrauding, Tyco was not a newcomer to Washington politics.

Tyco has been a client of several lobbying firms over the years, including that of former Senate Majority Leader Bob Dole, R-Kan. The company also has been involved in campaign politics, giving several five-figure checks to national Republican and Democratic party committees when they were still allowed to accept corporate donations, a practice banned after the 2002 elections.

More recently, Tyco found itself in the middle of federal investigations into corporate corruption. Last year, Tyco's former chief executive, L. Dennis Kozlowski, and chief financial officer, Mark H. Swartz, were sentenced to prison for grand larceny, conspiracy, securities fraud and falsifying business records. They are accused of conspiring to defraud Tyco of millions of dollars to fund lavish lifestyles. Both are appealing their convictions.

In October, Tyco attorney Timothy E. Flanigan withdrew his nomination to be President Bush's deputy attorney general. Flanigan's confirmation was delayed due to questions about his dealings with Abramoff when Abramoff was a Tyco lobbyist.

------

On the Net:

Tyco International Ltd.: http://www.tyco.com

Documents: http://www.usdoj.gov/criminal/press--room/press--releases/2006--index.h tml 1
http://www.nytimes.com/aponline/national/AP-Lobbyist-Fraud-Tyco.html?pagewanted=print

[BullNBear52]

You must be kidding!

http://www.lddwholesaleproducts.com/Store/display_item_detail.asp?system=1&prodid=3&categid=...

$177 for a refurbished digital camera.

Best Buy has them priced new as low as $129 and free shipping.

http://www.bestbuy.com/site/olspage.jsp?id=pcmcat44100050010&type=category

Thanks for posting the scam.

[easymoney101]

Enron's Lay, Skilling ask judge to move trial
By Matt Daily
1 hour, 46 minutes ago



HOUSTON (Reuters) - Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling on Wednesday asked a federal judge to move their upcoming trial out of Houston because nearly all potential jurors are heavily biased against them.

ADVERTISEMENT



About 244 of 280 potential jurors indicated in questionnaires they held strongly negative views against Lay, Enron's former chairman, and Skilling, the former chief executive.

"Some (potential jurors) think it's a waste of time to even have a trial," Daniel Petrocelli, Skilling's lead lawyer, told reporters after a hearing at the federal courthouse.

More than 60 percent of the pool said Enron was brought down by "criminal" activities by upper management and some described Lay as "a snake in the grass" and Skilling as a criminal mastermind who "would lie to his mother if it would further his cause," the defense lawyers said in court papers.

Lawyers for the two men, whose criminal trial is scheduled to begin on January 30, also argued media attention surrounding the last week's guilty plea in the case of former Enron Chief Accountant Richard Causey further tainted the jury pool.

Causey pleaded guilty to securities fraud in exchange for a seven-year jail sentence for his role in the accounting scandal that brought down the energy giant.

Media coverage of the plea deal in Houston was extremely heavy, while in other cities, such as Atlanta, Phoenix and Denver, the story did not play as prominently in the news, the lawyers argued.

U.S. District Court Judge Sim Lake last year rejected an earlier bid by the defendants to move the trial out of Houston.

If the request for a new trial venue was denied, Petrocelli said he hoped the defense lawyers would be given wider latitude to question jurors before testimony begins.

Enron collapsed into bankruptcy in December 2001 after its use of off-balance sheet deals to hide billions of dollars in debt was unveiled.

Lay and Skilling have both proclaimed their innocence and laid the blame on former Chief Financial Officer Andrew Fastow, who has struck a plea deal and will be a key witness, along with Causey, against the two.

Separately, Judge Lake ruled that testimony given by Skilling to the U.S. Securities and Exchange Commission could be introduced in the criminal trial, despite efforts by Skilling's legal team to block the testimony from being used as evidence.
http://news.yahoo.com/s/nm/20060104/bs_nm/enron_venue_dc

[nateeeeee]

they've had those PRs out for a while, just not much done about it

[up-down]

RNKE busted for dumping S-8 shares !!

U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

Litigation Release No. 19511 / December 22, 2005

Securities And Exchange Commission v. Roanoke Technology Corp. et al., Case No. 6:05-CV-1880-ORL-3-KRS (M.D. Fla.)

SEC Files Fraud Charges Against Roanoke Technology Corp. and its President for Sham S-8 Scheme.

The Securities and Exchange Commission (SEC) announced that on December 21, 2005, it filed a complaint in federal district court in Orlando, Florida against Roanoke Technology Corp. (Roanoke), based in Rocky Mount, North Carolina, David L. Smith, Jr., Roanoke's chairman, chief executive officer and president and a resident of Roanoke Rapids, North Carolina, Thomas L. Bojadzijev of Orlando, Florida, and Barrett R. Clark of San Diego, California. The complaint alleges that the defendants participated in a scheme to illegally raise money for themselves by using Form S-8 registration statements. The complaint also names Sussex Avenue Partners LLC (Sussex) of Carlsbad, California as a relief defendant.

According to the complaint, from 2003 through October 2004, Smith had Roanoke issue over one billion shares, pursuant to several Form S-8 registration statements, to Bojadzijev and Clark, purportedly to compensate them for services provided to Roanoke. The complaint alleges that Bojadzijev and Clark raised over $7 million in liquidating these shares and funneled over $4 million to Smith, who used the funds for his own personal spending. Form S-8 registration statements permit the issuance of stock to consultants in certain circumstances to compensate them for legitimate services rendered. S-8 stock, however, cannot be used by the issuer, such as Roanoke, to raise capital for its control persons. The complaint also alleges that Smith caused Roanoke to issue a series of false and misleading press releases while Bojadzijev was selling stock into the market.

The SEC's complaint alleges that the defendants violated the securities registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933 (Securities Act) and the antifraud provisions of Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The SEC's complaint further alleges that Roanoke violated the reporting provisions of Section 13(a) of the Exchange Act and Rule 12b-20 thereunder, and that Smith aided and abetted Roanoke's violations of Section 13(a) of the Exchange Act and Rule 12b-20 thereunder, and violated the certification provisions of Section 13(a) of the Exchange Act and Rule 13a-14 thereunder. The SEC's complaint also alleges that Smith, Bojadzijev, and Clark violated the reporting provisions of Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-1, 13d-2, and 16a-3 thereunder.

The SEC is seeking permanent injunctions, civil penalties, and disgorgement against all defendants, a penny stock bar against Smith, Bojadzijev, and Clark, and an order barring Smith from serving as an officer or director of a public company.

SEC Complaint in this matter

http://www.sec.gov/litigation/litreleases/lr19511.htm


Another Bojadzijev scam, GBMI in 2003
http://www.stockpatrol.com/article/key/u_core10

[Dallas Boy50]

Would Y'all do me a favor?....
Just shop here for my Wife's benefit?

http://www.lddwholesaleproducts.com/

Thanks:
DB

[up-down]

SEC cracking down on micro stock promotions

Martin Nutraceutical, Cascade Energy, Madison Explorations Named In Stock Promotions

Dec 16, 2005 (financialwire.net via COMTEX) -- December 16, 2005 (FinancialWire) Who is behind stock promotions for Martin Nutraceutical (OTC: MTNC), Cascade Energy (OTCBB: CSCE), and Madison Explorations (OTC: MDEX)?
Often but not always, illegal junkfaxes and spam emails are distributed by unscrupulous "pump and dump" promoters without the company's knowledge. These junkfaxes and spam emails proliferate throughout the financial community, leaving many recipients begging for anyone to help stop them.

It is usually a muddle that the U.S. Securities and Exchange Commission has been urged by the SEC Forum on Small Business to ferret out. Meanwhile, the public can take some steps. One action available is to contact the company and insist that it file an 8K with the SEC stating first, if it has any knowledge as to who is behind the spam or junkfax, and second, specifically whether it has issued shares to promoters or financiers or anyone else now or in the past that could conceivably have wound up buying junkfaxes and spam emails, and their names and addresses and phone numbers so that aggrieved investors may contact them to determine who is behind a suspected pump and dump scam. Recipients may also fax or email the spam or junkfax to the company so that the company will have the full details.

The junkfax hyping Martin Nutraceutical said Homerun Pennystock is scheduled to receive $307,000 for its promotion, apparently from an unnamed "third party," although the amount is not certain since the type is so tiny it is not fully legible even with a magnifying glass.

The massive number of junkfaxes touting Cascade Energy stated that its publisher received a similar outlandish fee of $120,000 for its promotion, but did not say who paid.

The spam email promoting Madison Explorations stated the "Urgent Stock Pick" was paid $12,000, but did not say from whom.

The SEC Forum, meeting in San Francisco September 19, 2005, voted to send to the full SEC Commission a recommendation that it adopt "more stringent disclosure standards in Regulation 17(b), to include in addition to or instead of a company or partnership, whether in the U.S. or offshore, and the natural individual(s) behind any stock promotions, the holdings of those individuals and their nominees or agents, if any, and their specific intended sales of the promoted stock."

According to the Forum participants, stock promotions "proliferate throughout the financial community, in the form of massive spam emails, junk faxes and websites, many of which mimic professional research reports, and whose sole purpose is to stimulate volume so that undisclosed holders and their promoters may sell into the buying of unsuspecting, and often unsophisticated investors."

The SEC has also initiated a new and aggressive campaign to foil what it calls suspected pump and dump promoters by suspending trading in the equities of companies that either participate in or have been targeted by suspicious promotions.

Some observers believe such a "cooling off period" could "cool the ardor" for suspect promotions if investors have an opportunity to further evaluate junk faxes and spam emails they have received, and could prevent some more naive investors from putting their money into stocks that are the subject of large-scale promotion campaigns based on questionable substance or fundamentals.

The companies are among over 300 recently identified with aggressive stock promotions via unsolicited spam or junk faxes. It is not known if the companies approved of the promotions. A few of the group have disavowed any connection to the promotions, but most have not commented, and for many, the campaigns continue unabated. One thing consistent with most: after the campaigns end, and often before, their stock prices plummet.

In fact, in a recent portfolio kept at http://www.spamstocktracker.com by Joshua Cyr, an individual investor, the experiment showed that of 37 stocks out of 955 spams he entered in the portfolio, a $17,405 tracking "investment" in those 37 stocks between May 5, 2005 and June 27, 2005, had turned into $9,574 by October, 2005, a stunning and debilitating loss of half his investments!

Perhaps more educational for naive investors, only two out of the 37 actually gained. Only three of the remaining 35 had single-digit losses. The remaining 32 had significant double-digit losses, from 20% to 99.83% despite faxes and emails screaming that they were the next Microsoft or better when he "purchased" them.

Worse, Cyr said most had momentary, one-day gains and then "dropped like flies" the very next day.

Recently even a public company, Atlantis Business Development (OTCBB: ABDE), is claiming "credit" for many of the promotions through its partially-owned spin-off, E-Direct, as part of its revenue expectations. Both companies' CEO, according to its website, is Christopher Dubeau, who it boasts has "built a fax broadcasting system which uses FOIP and acquired a database of over eight million" of what it calls "opt in" fax numbers from InfoUSA, Dunn (sic) & Bradstreet, "and many other list management companies."

BusinessWeek, published by McGraw-Hill (NYSE: MHP), in an article March 21, 2005, said SEC Enforcement is zeroing in on micro-cap fraud with a novel strategy and new tactics.

"In the past, SEC lawyers chased swindlers one company at a time. Now the agency is targeting gatekeepers such as broker-dealers, promoters, and lawyers, who show up in scam after scam. And rather than waiting months until it can prove intent to defraud, the SEC is halting trading in companies that it suspects are about to be monkeyed with as soon as it finds what it considers clear-cut evidence of violations.

"The campaign to squelch micro-cap fraud is part of SEC Chairman William H. Donaldson's push to get ahead of abuses before they cause investors widespread harm."

The article is at http://www.businessweek.com/magazine/content/05_12/b3925104_mz020.htm

This theme is echoed in an article by Deborah Solomon of the Dow Jones (NYSE: DJ) Wall Street Journal, published February 2, 2005, "the SEC's move is part of the agency's broader attempt to get ahead of possible fraud before it becomes widespread." The article is at: http://online.wsj.com/search#SB110729717180142868

The SEC has apparently developed a "profile" to determine candidates for potential trading halts. Solomon said the agency has implemented a "risk based" approach to help identify potential problems, and last year took the unusual step of halting trading in the securities of 26 "shell" companies that failed to file timely financial disclosures with the agency.

The SEC recently temporarily suspended trading in Commanche Properties (OTC: CMCH) and Courtside Products (OTC: CSDP), both of which disclaimed any company or executive association with the spam email and/or faxes that triggered the SEC suspensions.

In the case of Courtside, the SEC said it is investigating whether Courtside was misled by stock promoters who advised the firm to go public by relying on an SEC rule that allows companies to issue shares and raise money without registering with the commission, if certain conditions are met. The conditions include issuing a portion of the shares to "accredited" investors.

"Federal securities laws define an accredited investor as certain entities or individuals, such as banks, insurance companies, registered investment companies or trusts," said the Wall Street Journal.

"The SEC is looking into whether the stock promoters, who agency officials declined to identify, may have falsely portrayed themselves as accredited investors in order to gain shares of Courtside. The promoters may have then sought to sell their shares to investors and later drive up the price through spam e-mail and faxes. Investigators want to determine whether the ultimate goal was to artificially stimulate demand for the stock and then dump shares once the price increased.

The SEC recently suspended trading in as many as 39 companies in a single day, although it is not clear if those were involved in or victimized by promoters.

These included Advanced Media, Inc. (AVMJ), Air Packaging Technologies, Inc. (AIRP), American Film Technologies, Inc. (AFTC), American Plastics & Chemicals, Inc. (APLC), AmeriQuest Technologies, Inc. (AMQT), Apparel Technologies, Inc. (APTX), BPI Packaging Technologies, Inc. (BPIE), Chantal Pharmaceutical Corp. (CHTL), CML Group, Inc. (CMLK), Compositech, Ltd. (CTEK), Crown Laboratories, Inc. (CLWB), DBS Industries, Inc. (DBSS), Dental Medical Diagnostic Systems, Inc. (DMDS), Dispatch Management Services Corp. (DMSC), Eglobe, Inc. (EGLOQ), and

Also, Enamelon, Inc. (ENML), Finantra Capital, Inc. (FANT), First Scientific, Inc. (FSFI), Hayes Corp. (HAYEQ), Hybrid Networks, Inc. (HYBR), iPrint Technologies, Inc. (IPRT), Microage, Inc. (MICAQ), MigraTEC, Inc. (MIGR), Network Computing Devices, Inc. (NCDI), Pacific Systems Control Technology, Inc. (PFSY), Paracelsian, Inc. (PRLN), Pharmaprint, Inc. (PPRT), Pinnacle Micro, Inc. (PNLEQ), and

Semiconductor Laser International Corp. (SLIC), Socrates Technologies Corp. (SOCT), Star Technologies, Inc. (STRR), Sunrise Technologies International, Inc. (SNRS), Telemonde, Inc. (TLMD), thehealthchannel.com, Inc. (THCH), Transmedia Asia Pacific, Inc. (MBTA), Tristar Corp. (TSAR), VDC Communications, Inc. (VDCI), Vianet Technologies, Inc. (VNTK), and Visionamerica, Inc. (VSNA).

"At issue is the potential for so-called pump-and-dump schemes, whereby speculative investors, company insiders or others try to inflate demand for a stock by trumpeting positive-sounding information about a company -- typically via e-mail -- and then cash in their shares at the higher price. Often the information is false and the stock quickly declines again," explained the Journal.

The SEC said that each week, the SEC's internet enforcement division, headed by John Reed Stark, gets thousands of complaints from investors "about spam email plugging stocks and other investments."

"We want to head off possible damage to shareholders before it occurs," John Reed Stark, chief of the SEC's office of Internet enforcement, was quoted as saying.

Investigators want to determine whether the ultimate goal in many of these instances is to "artificially stimulate demand for the stock and then dump shares once the price increased."

The SEC hastened to add that it is not asserting that many of the companies themselves are involved in the schemes. Often they are just bystanders, but sometimes it results from stock issued to offshore and even "promotional" sites and email and fax originators to create "visibility," and the promoters often violate their promises to the companies to sit on the shares.

"Under certain circumstances, an improper stock distribution in violation of SEC regulations can be a prelude to a manipulation," Peter Bresnan, an associate director in the SEC's enforcement division, was quoted as saying.

Investrend Information's (http://www.investrendinformation.com) Investors Resource Center has teamed with JunkFax (http://www.junkfax.org), which allows those receiving unwanted stock promotions to provide the evidence directly to FinancialWire.

Many but not all have missing or incomplete disclosures under U.S. Securities and Exchange Commission Regulation 17(b):

"It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof."

"The SEC has told FinancialWire that Regulation 17(b) means full and complete compensation for research and any other services provided, including amounts and sources, must be disclosed in 'every press release' as well as other published documents, including emails or faxes. The SEC states that third party compensations must include the relationship of the payer to the issuer.

"In an email to FinancialWire, John J. Nester, a spokesperson for the U.S. Securities and Exchange Commission, confirmed that regulators interpret 17(b) to mean that specific compensation information must be contained in all such communications to the public, and that a link to a disclosure somewhere else, for example, is a violation of the regulation. He further stated that the compensation disclosure required by the SEC includes "amounts and sources" in any and all communications mentioning the company. The SEC has indicated it is serious about violators. Earlier this year, the SEC charged JM Dutton Associates with violating 17(b) disclosures and penalized the firm $25,000. It also recently similarly charged BlueFire Research for the same transgression.

For up-to-the-minute news, features and links click on http://www.financialwire.net

FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp

The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268


URL: http://www.financialwire.net

(C) 2005 financialwire.net, Inc. All rights reserved.

[GuruTrader]

HAPPY HAPPY NEW YEAR !!!!!!!!!!!!!!!!!

[mick]

thank you novo. jack and i wish all a healthy 2006. keep that bird flu in check so we don't have any problems here in the u.s.a.

[NovoMira]

I'll drink to that! ;)

[RedneckInvestor]

Happy New Year to you too. May 2006 bring us all boatloads of money, to enjoy in good health.

[NovoMira]

Happy New Year, PB ;)

[RedneckInvestor]

I'll drink to that. Cheers, all!

[NovoMira]

Happy New Year, Mick

And I especially want to wish Rick and Sue a Happy New Year...

I miss them.

[mick]

happy new year's to all.

[mick]

hi A.J. , good morning M.S's watchers.