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NYT: The Difficulty of Proving Financial Crimes
http://dealbook.nytimes.com/2010/12/13/the-difficulty-of-proving-financial-crimes/?nl=business&emc=dlbka22
Despite the public’s desire to see some corporate executives sent to jail for their role in the financial meltdown, the courts will hold the government to the requirement of proof beyond a reasonable doubt and not simply allow the cry for retribution to lead to convictions based on high compensation and presiding over a company that sustained significant losses.
---------------
And there's this Dec. 8 bit. Careful out there - minefields.
http://dealbook.nytimes.com/2010/12/08/where-are-the-financial-crisis-prosecutions/
The Feds Stage a Sideshow, While the Big Tent Sits Empty
Nevertheless, it’s hardly reassuring that bankers, out of necessity, have universally adopted the dumb-rather-than-venal justification. That doesn’t mean, however, that the rest of us need to buy it. It’s shocking how pervasive and triumphant this narrative of the financial crisis has been.
Just as it’s clear that not all bankers were guilty of crimes in the lead-up to the crisis, it strains credulity to contend no one was. Corporate crime is usually the act of desperate people who have initially made relatively innocent mistakes and then seek to cover them up. Some banks went down innocently. Surely some housed bad actors who broke laws.
As a society, we have the bankers we deserve. Sadly, it’s looking as if we have the regulators and prosecutors we deserve, too.
Crooks! I bet there is much more to come. I dont know why their suspension is only 3 years, if you are guilty of THAT? It should be life ban in order to protect the public. They are financial predators.
SEC Nabs IT Manager for Insider Trading
http://blogs.wsj.com/deals/2010/12/07/sec-nabs-it-manager-for-insider-trading/
December 7, 2010, 4:06 PM ET
SEC Nabs IT Manager for Insider Trading.The Securities and Exchange Commission today charged a former information technology manager at a law firm — and his brother-in-law — with insider trading.
The SEC says over the course of a year, Jeffery J. Temple tapped into secret information about mergers and used it to trade ahead of at least 22 deal announcements “involving 20 companies that retained his former employer as counsel in some capacity.” Temple also tipped off his brother-in-law who made some of the same trades, the SEC said.
Some of the deals in which Temple traded were Google’s deal for On2 Technologies, Disney’s purchase of Marvel Entertainment, Xerox’s purchase of Affiliated Computer Services, Airvana’s takeover by SAC, and DynCorp’s acquisition by Cerberus Capital, according to the SEC complaint.
READ THE SEC LAWSUIT HERE. (It's a .PDF)
The SEC says Temple and Benedict M. Pastro made more than $182,000 in illegal profits from the insider trading.The SEC didn’t name the Delaware law firm at which Temple worked.
Copyright 2008 Dow Jones & Company, Inc. All Rights Reserved
Nice find, gotta love that chart on EESO, lol!! Must be a short squeeze, LMAO!
what they get a three year vacation? and only have to give up thier income interest....LOL
MBOT
Defendants Ordered to Pay Millions in Penny Stock Case
8/26/2010 7:47:19 AM
The U.S. Securities and Exchange Commission has ordered five penny-stock distributors to pay millions of dollars in restitution and penalties for allegedly selling billions of unregistered shares in microcap companies to the unsuspecting public. K&L International Enterprises and its leader, Lawrence A. Powalisz, must turn over $14 million for their role in the alleged scam. Signature Worldwide Advisors and its chief, Stephen W. Carnes, must pay almost $1 million. A fifth defendant, Signature Leisure, will chip in roughly $1 million as well. The SEC has also banned all five defendants from participating in any penny stock offerings for the next three years, while it continues to pursue cases against two other parties – Enzyme Environmental Solutions and Jared E. Hochstedler – implicated in the same alleged scam.
from:
http://www.thestreetsweeper.org/streetpatrol_archives.html
Apparently a notorious penny stock scammer, famous for the long con type scam. I heard somewhere that Monk leant everything he knows from this guy, and basically pulled off the scam to a T it seems.
who is steve carnes?
who is steve carnes?
Anybody know of any connection between Monk and Steve Carnes?
FLMG>>>>BUYER BEWARE...ILLEGAL EMAIL SPAM CAMPAIGN UNDER WAY ON FLMG
THERE IS ONLY ONE REASON TO ENGAGE IN THIS ILLEGAL ACTIVITY
TO SELL STOCK
Hey, i got another HOT pick for you : FLMG signed with AVIS RENTAL CAR.
Take a look at this commpany, Fleet Management Solutions Inc. (FLMG.pk)
They are a growing pink sheet and they are expanding rapidly as a fleet
management solution in Greece and Eastern Europe. They just announced a
new contract with *AVIS* rental car in Greece that should earn them
around 2.65ml and from what my source has told me, this is just the start
of a series of announcements!
Sym: FLMG
Marrket: Automotive
Value: $0.18
End of September Tarrget: $0.75
According to their website FMS provides numerous comprehensive fleet
management solutions such as online fleet management, maintenance
programs, 24 hour road side assistance, fuel management programs,
insurance programs, license and title services, telematics and
acquisition and lease buyout programs, and re-marketing of used
vehicles.
FMS utilizes authorized dealership networks and the *BOSCH* Car
Service Network with 120 service locations in Greece.
Don't let this one slip by bud, it's gonna move in a hurry...
The Haghia Sophia was built in the 6th century as a Christian church but was converted to a
mosque in 1453 when Islamic armies conquered the city -- then a Christian metropolis called Constantinople
CNNs Flavia Taggiasco in Rome Italy and Alessio Vinci in Ankara contributed to this report
Copyright 2006 CNN All rights reservedThis material may not be published broadcast rewritten or
redistributed Associated Press contributed to this report
TAMPA Florida (CNN) -- Eight former employees of the Bay County Sheriffs
Office were charged Tuesday with aggravated manslaughter in the death of
a 14-year-old at a Florida boot camp for juvenile offenders
Featured company positioned to Grow?
From: Ron Chen (ruizinotea@aaahoosier.com)
Sent: Wed 7/14/10 5:53 AM
To: xxxx8@yahoo.com (Note:this was not my email address)
The Epic Morning Marrket Pick Of The Week GET IN QUICKYOU KNOW THE DRILL SOURCE GOLD CORP IS POISED TO BURST Sym: SRGLTrrading:$0.59Marrket: MINING & EXPLORATION52 WEEK HIGH: $2.03 This company is making serious moves around the miningcommunity. Last month they started work on its geophysicalexploration program on its Beardmore-Geraldton property. This is just the start of series of deals that Source Goldhas in the pipeline. We are advising all our readers to addthis syimbol to their pda's today! Get ready to strike while the drills hot!
SRGL>>>BUYER BEWARE!!>>>ILLEGAL EMAIL SPAM CAMPAIGN GOING ON WITH THIS COMPANY CURRENTLY. THERE IS ONLY ONE REASON FOR A COMPANY OR A THIRD PARTY TO ENGAGE IN THIS ILLEGAL PRACTICE...TO DUMP STOCK INTO THE MARKET
The Epic Monday Morning Marrket Pick Of The Week
GET IN QUICK
YOU KNOW THE DRILL
SOURCE GOLD CORP IS POISED TO BURST
Sym: SRGL
Trrading:$0.60
Marrket: MINING & EXPLORATION
52 WEEK HIGH: $2.03
This company is making serious moves around the mining
community. Last month they started work on its geophysical
exploration program on its Beardmore-Geraldton property.
This is just the start of series of deals that Source Gold
has in the pipeline. We are advising all our readers to add
this syimbol to their pda's on Monday morning!
Get ready to strike while the drills hot!
Press he hadnt heard about charges against his client
I didnt anticipate it he told AP I was hoping cooler heads would prevail but we will
deal with this as it comes down We understood the political pressure that was brought to bear
Benjamin Crump an attorney for Andersons parents was in Panama City with the family Tuesday and didnt immediately return APs call for comment
Video: Teen forced to the ground
Videotape of the incident showed Anderson being forced to the ground by various methods
including knees to the thigh pressure points to his ear and punches to his arms
Later another camp staffer hit him from behind lurching his body forward A nurse stood by and on at least one occasion she determined his vital signs were normal
SEC just busted two more crooks:
http://www.sec.gov/news/press/2010/2010-114.htm
DTOR>>>>>THERE IS AN ILLEGAL EMAIL SPAM UNDERWAY ON THIS STOCK AND WE ALL KNOW THE REASON FOR THAT..
RED HOT INVEsSTOR ALlERT!!!
Commpany name:Del Toro Silver Corp.
Sym:DTOR
Value:$0.25 (+47.06%)
Del Toro Silver Corp. (OTCBB:DTOR) is a mining exploration commpany
focused on base and precious metals deposit acquisition, and has
never been mentioned by any newssletter, or penniy sttock resource,
before now!!!
DTOR owns 50% undivided interest in the 2,391 hectare Dos Naciones
Project, located in Sonora, Mexico.The Dean's excited about DTOR's
nearly 6,000 acre property because preliminary sampling and testing
has returned positive silver concentrations, and the commpany's
follow up work will involve trenching, geological mapping, sampling
and additional prospecting.
Don't miss out on the potential to strike it rich with DTOR and get
ready to make huge trrading returns!
I want to reiterate the solidarity between the cultures the pope said This is
our duty
(Watch the pope meet officials in Ankara )
In his first official act Benedict visited the mausoleum of Mustafa Kemal
Ataturk the
founder of modern Turkey In a guest book he wrote that Turkey is a meeting point
of different religions and cultures and a bridge between Asia and Europe
Later Tuesday while addressing Turkeys diplomatic corps the pope heralded the
countrys
role in the UN peacekeeping force in southern Lebanon
He also touched on the importance of religious freedom saying members of all
religions
should enjoy the same rights and recognition in their home countries
Do you own a growing Company??
From: Lonnie Rivas (sandersupupa@aac-audio.com)
Sent: Mon 6/28/10 5:20 AM
To: xxxxx@yahoo.com
RED HOT INVEsSTOR ALlERT!!! Commpany name:Del Toro Silver Corp. Sym:DTORValue:$0.17 (+41.67%) Del Toro Silver Corp. (OTCBB:DTOR) is a mining exploration commpanyfocused on base and precious metals deposit acquisition, and has never been mentioned by any newssletter, or penniy sttock resource, before now!!! DTOR owns 50% undivided interest in the 2,391 hectare Dos Naciones Project, located in Sonora, Mexico.The Dean's excited about DTOR's nearly 6,000 acre property because preliminary sampling and testinghas returned positive silver concentrations, and the commpany'sfollow up work will involve trenching, geological mapping, sampling and additional prospecting. Don't miss out on the potential to strike it rich with DTOR and getready to make huge trrading returns!
Almost ready! Who knows, they did say by Sept. this year! Go ZVTK!!
zvtk is ready for retail..... right arnold?
lol, where you been the last 5 years? Always was!
Not sure. Suppose to announce buyer on Monday. .01 cents for how many billions of share sounds a little too far fetched to me.
SORRY ABOUT THAT. I DID THAT AGAIN, YOU NAILED ME TWICE. THE "Z" STOCK. HELL ITS NO SECRET NUMBER 4 ON MOST ACTIVE. HELL I FOLLOWED YOU TO THOS BOARD. WHET DO YOU THINK OF THRR
HA! No Spammin on a different board!
SOMEONE WAS SPAMMING IT ON THE ZEVOTEK YAHOO BOARD .
Anyone think THRR is a pump and dumper?
lol, another penny pump and dump trying to silence the contrary opinion .. they be dead players in California .. anti slap law
protect people from this kind of abuse
ILLEGAL and UNSOLICITED SPAM CAMPAIGN UNDERWAY ON PMAH
SEND THIS AND ALL ILLEGAL STOCK SPAM TO
enforcement@sec.gov
&
issuerservices@pinksheets.com
*** 2010 Watch Allert*** Monday, March, 8th
Commpany: PLASMATECH INC.
Siymbol: PMAH
currrent: $0.0725 (+5%)
Long Terrm Tarrget: $0.80
Plasmatech Inc.(PMAH), a development stage commpany,
engages in the design, marketing, and sale of illuminated
signboard products using plasma lighting technology. The plasma
lighting technology enables the reproduction of illuminated
photo-quality images onto thin plastic. The company intends to
market its technology to the trade show industry and focus on
signage applications in industrial trrade show exhibits and
displays,such as illuminated banners and wall displays.
Plasmatech Inc was founded in 2004 and is based in Las Vegas,
Nevada.
We are giving PMAH(PK) our highest rating and stress to look
closely on this gem. Go check out the research and keep it on
your radar!
(This is not a recommmendation to buy or sell securities.)
Graham said the charge of aggravated manslaughter of a child would be difficult for
prosecutors to prove adding If these men can raise the money to put on a good defense t
o hire the right experts they have an excellent chance of being found not guilty
Bob Pell an attorney who represents former guard Joseph Walsh Jr told The Associated
Press he hadnt heard about charges against his client
I didnt anticipate it he told AP I was hoping cooler heads would prevail but we will
deal with this as it comes down We understood the political pressure that was brought to bear
Benjamin Crump an attorney for Andersons parents was in Panama City with the family Tuesday and didnt immediately return APs call for comment
Video: Teen forced to the ground
Videotape of the incident showed Anderson being forced to the ground by various methods
Has any one heard of ERP & associates or equity-research partners. I have been contacted by them and think there a boiler room scam.
Anyone know anything about Beacon Equity Research?
RYQG...BUYER BEWARE!!!!>>>ILLEGAL AND UNSOLICITED EMAIL SPAM CAMPAIGN UNDER WAY ON ROYAL QUANTUM GROUP, INC. (RYQG)
send this and all other illegal stock spam to
enforcement@sec.gov
issuerservices@pinksheets.com
There is only one reason for anyone to hire illegal spammers...TO SELL STOCK
Sttock Allert 2010!!!
Don't pass up on this invesstment opporrtunity, piick up RYQG today!
ROYAL QUANTUM GROUP INC.
Siymbol: RYQG
Industry: Oil & Gas
Currrrent Value: $0.085 ( +6.25% )
14 days Tarrget: $0.30
Buy rec.: Strrong Buuy
Royal Quantum is a North American-based exploration and development Company,
focusing on the acquisition and development of caash flow or near teerm cash
flow producing properties in the resource sector. Royal Quantum is a fully
reporting public company traading on the OTCBB market under the siymbol RYQG.
We stumbled upon this rough gem while we were doing our research of
up-and-coming Oil & Gas smaall caaps.
Latest prress on Thursday January 7th, 2010 :
Royal Quantum Group, Inc. is pleased to update shaarehoolders on the progress
of its Bond 1-18 well, located in north central Oklahoma. The well continues
to flow oil from the Wilcox formation at rate of approximately 92 bbls per
day and 45,000 cubic feet of gas. Royal Quantum has a 25% interest in this
well. As per the terms of the finaancing the company will distribute 60% of
its net revvenue received from the Bond 1-18 to the unit holders.
Visit the RYQG web site and check the headlines for more details...
Its pretty clear that the outside prosecutors succumbed to the pressure from the governor
Graham said No doubt It was clear from the beginning what the governor wanted
Graham said the charge of aggravated manslaughter of a child would be difficult for
prosecutors to prove adding If these men can raise the money to put on a good defense t
o hire the right experts they have an excellent chance of being found not guilty
Bob Pell an attorney who represents former guard Joseph Walsh Jr told The Associated
Press he hadnt heard about charges against his client
I didnt anticipate it he told AP I was hoping cooler heads would prevail but we will
deal with this as it comes down We understood the political pressure that was brought to bear
Benjamin Crump an attorney for Andersons parents was in Panama City with the family Tuesday and didnt immediately return APs call for comment
As TNRI retired Mod after getting the share structure Unlimited A/S. I agree fully with you. I couldn't be apart of this company after receiving that information. Glad I finally got rid of the rest of my shares at .0003 on Friday. I'm finally free after over a year stuck. Good Monday flip but don't stay in or your in forever...
The #1 scam of the week is TNRI. Paid promo with unlimited A/S. If your considering a momo buy of it please pm me or check my posts on the tnri board.
Hi everyone. Can someone post a link to where I can find pink sheet stocks making 52 week lows. Thanks in advance.
can you make it sooner? i'm impatient
u'll see soon
What's a stock racist?
...something stock racists like Lionmaster doesn’t understand...
http://www.timothysykes.com/2009/12/12000-in-profits-10-hot-penny-stocks-to-buy-short-sell/
ILLEGAL AND UNSOLICITED EMAIL BEING SENT OUT ON BRGO.
SEND ALL ILLEGAL AND UNSOLICITED EMAILS TO:
enforcement@sec.gov
issuerservices@pinksheets.com
You can get in on the ground floor with this Super picck.
Respected, Established, Successful Company Looking Towards Exciting Expansion.
Bergio Inc.
Ticcker: BRGO
currrent: $0.485 +10.23% (v:147,974)
Shorrt terrm tarrget: $1.45
Long terrm Tarrget: $4.30
The Bergio brand is already well established having been in business for 20 years.
They are now entering an aggressive expansion which we believe will bring great
value to sharreholders.
PRrESS RELEASE: Bergio International, Inc. On Wednesday December 16, 2009.
Bergio International, Inc. announces today that Berge Abajian, CEO and Designer of
Bergio International, Inc. will make a personal appearance at Neiman Marcus in Paramus,
New Jersey Friday, December 18th and Saturday, December 19th
Bergio Inc has a solid audience having been featured by highly respected research
groups such as Grass Roots (the #1 small caap research firm) and Emerging Stocck Report.
Go check out the research.
Trrade Smart and Wiin!
will meet with Bartholomew I the Istanbul-based leader of the worlds 300 million Orthodox Christians
The visit by the leader of 11 billion Roman Catholics originally was intended to be a
pre-eminently Christian event but it has taken on wider political ramifications in
Western-Islamic relations Catholic-Muslim relations and Turkeys aspirations to be part of Europe
Print conversation Print Open conversation in new window New window
Emerging Growth 0pportunity
Inbox
Add star
Jon De Egiarte
<jontxu83@hotmail.com> Sat, Dec 12, 2009 at 6:43 AM
To: philschumer@netscape.net, philseleski@yahoo.com, philsion@yahoo.com, philspeyer@cox.net, philtgreek01@yahoo.com, philthe.p@gmail.com, philv@telus.net, philwarf@email.arizona.edu, philzach@bak.rr.com, phiman@hotmail.com, phimber@socal.rr.com
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A nearly 200% boost expected within DAYS
Symbol - FROI
Current - .55
Short Target - 1.35+
Long Target - 3.80+
Rating - 10 of 10
Our goal is simple. Recommend the top micro-caps, penny stocks, and momentum trades that are ready to explode. And by the time other traders have caught on, you?ll have already pocketed 50 %, 100 %,200% or more ! Here's today's hot pick. Fero Industries, Inc. (OTCBB: FROI - News) recently disclosed its growth strategy. FROI?s first acquisition target is Pyro Pharmaceuticals, Inc., a boutique developmental stage pharmaceutical company located in Irvine, CA. Pyro?s focus is on developing a new class of antibiotics to fight drug resistant bacteria, such as life-threathening MRSA.
Fero?s aggressive synergistic growth through acquisition strategy for 2010 has already begun with initial negotiations, contact, and current due diligence taking place on two private and five public companies. Fero intends to parlay the Pyro acquisition by blending Pyro?s world class management team and future acquisitions to grow the companies both horizontally and vertically. Don?t miss out on this super gem in the making. The stock is currently trading at the $0.60 level and could be poised to explode as future acquisition targets are announced. With world class management and synergistic acquisitions in the pipeline, Fero (FROI.OB) could be just what the doctor ordered for your portfolio in 2010!
Now that the recovery is under way, it seems Wall Street is more interested in the little guys?one-drug biotech stocks that could rally double-digits on a single breakthrough, or up-and-comers that are in a prime position to be bought out by a big pharma powerhouse and see shares soar on a takeover bid. These companies are on the cutting-edge of innovation, researching and developing treatments for everything from Anthrax and Swine Flu to MRSA and cancer?and Wall Street is watching them closely.
Diamond Equities
Vancouver promoter How Wai John Hui has been sentenced to four years and three months for his role in a stock spam scheme. Judge Marianne O. Battani imposed jail time on him and three others in a Detroit courtroom on Monday, Nov. 23, 2009. The others included Alan Ralsky, the self-proclaimed "Godfather of spam," who also received four years and three months in jail.
Prosecutors claimed the men were part of a scheme to promote thinly traded Chinese companies with spam in the summer of 2005. The stocks that the men promoted included OTC Bulletin Board listing China World Trade Corp., which had Mr. Hui as its chief executive officer. Another company was Vancouver-based China Mobility Solutions Inc.
The government said the sentences, which were longer than prosecutors had requested, will send a message to stock market spammers. "People who use fraudulent e-mails to drive up stock prices and reap illicit profits will be prosecuted, and they will face significant prison time," said a statement released by Detroit's Assistant Attorney General, Lanny Breuer.
Mr. Hui had faced a maximum of 20 years in jail, but prosecutors recommended a sentence of three years and three months, because he pled guilty early in the case and offered to testify against his co-defendants. Prior to his sentencing, Mr. Hui had asked the judge not to send him to jail. He said he had effectively been a prisoner in the United States for nearly two years, and that he had health problems.
The judge did not grant his request. In addition to the jail term, she ordered Mr. Hui to serve three years of supervised release, and to forfeit $500,000 to the U.S. government. Mr. Ralsky received five years of supervised release, and he must forfeit $250,000. (All figures are in U.S. dollars.)
John Hui sentenced to prison for 51 momths for e-mail spamming
RYQG>>>>BUYER BEWARE!!!!>>>>>>>ILLEGAL AND UNSOLICITED EMAIL SPAM CAMPAIGN UNDER WAY ON ROYAL QUANTUM GROUP, INC. (RYQG)
send this and all other illegal stock spam to
enforcement@sec.gov
issuerservices@pinksheets.com
There is only one reason for anyone to hire illegal spammers...TO SELL STOCK
Invesstment Marrket Allert!!!
ROYAL QUANTUM GROUP, INC.
Siymbol: RYQG
Industry: Oil & Gas
Currrent Value: $0.09
14 day Tarrget: $0.35
30 day Tarrget: $0.90
Recommendation: Sttrong Buuy
Royal Quantum is a North American-based exploration and development Company,
focusing on the acquisition and development of cash flow or near term cash
flow producing properties in the resource sector. Royal Quantum is a fully
reporting public company traading on the OTCBB market under the siymbol RYQG.
We stumbled upon this rough gem while we were doing our research of
up-and-coming Oil & Gas smaall caaps.
Visit the Royal Quantum Group, Inc. web site royalquantum. com
We are expecting big moves and serious news to be released this upcoming week,
stay tuned and keep this ticcker on your radar.
Graham said the charge of aggravated manslaughter of a child would be difficult for
prosecutors to prove adding If these men can raise the money to put on a good defense t
o hire the right experts they have an excellent chance of being found not guilty
Bob Pell an attorney who represents former guard Joseph Walsh Jr told The Associated
Press he hadnt heard about charges against his client
I didnt anticipate it he told AP I was hoping cooler heads would prevail but we will
deal with this as it comes down We understood the political pressure that was brought to bear
Benjamin Crump an attorney for Andersons parents was in Panama City with the family Tuesday and didnt immediately return APs call for comment
Apparently not often enough. SPNGE now officially added to the scam stocks list.
I guess it really doesn't matter how many P.H.D.'s you have if you aren't thinking clearly.
SPNGE Trading Suspended
http://www.sec.gov/litigation/suspensions/2009/34-60788.pdf
The writing was on the wall, when an attorney writes to the SEC saying they may have been misrepresented you know they are going to look into it.
http://stockscamarchive.110mb.com/pensley.pdf
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Welcome to the Spam and Scam Stock Message Board!
The Spam & Scam Stock message board is intended to share info on stocks that are currently being spammed to the public by e-mail, fax, phone and internet message boards through "stock awareness" or "promtion" companies paid to "pump" a stock for the benefit of company officers.
Typically, these are the riskiest stocks since the companies are deliberately paying people to "pump" the share price to enable company officers sell stock to the unsuspecting public. Unfortunately, people buying these hyped stocks will become the next generation of BAG HOLDERS
Be advised that many stock promotions sent to the public are usually distributed by unidentified individuals seeking to defraud the public. Investors are encouraged to use care and Due Diligence (DD) in their investment decisions, as mass spam campaigns are commonly used by unscrupulous promoters in “pump and dump” schemes.
In most cases, these securities promoters and those who finance them hope to turn a quick profit when unsuspecting investors buy stocks based on unsupported or spurious claims/press releases - leading the stock's market value to plummet as soon as these promotional activities cease. Always remember that these promoters are front runners and already have received stock that they will be dumping on the unsuspecting investment community.
Internet Fraud: How to Avoid Internet Investment Scams: http://www.sec.gov/investor/pubs/cyberfraud.htm (Read before YOU LOSE ALL OF YOUR MONEY on "Pink Sheet" stocks that don't file earnings reports with the SEC.
Pump-and-Dumpers Face up to 10 Years in Jail after Stealing More than $20 Million (Sep, 14, 2007): http://investorshub.advfn.com/boards/read_msg.asp?message_id=22889376
Beware of the Penny Stock Hype: http://investorshub.advfn.com/boards/read_msg.asp?message_id=22799151
Internet Message Boards: Pump and Dump operations rely heavily on deceiving "suckers" on the stock message boards. The relationships of stock message board companies and Penny Stock "promotion" companies appears to be growing: http://investorshub.advfn.com/boards/read_msg.asp?message_id=22443933
Junk Faxes: Pump and Dump operations continue to use "junk faxes" even in the age of emails.
* http://www.junkfax.org/index.html (Junk Fax.org - Dedicated to Helping Stop Junk Faxes)
*The owner of this web site has sued several Pump and Dump operations for spamming his fax machine.
* http://www.junkfax.org/fax/profiles/wsp/wsp.htm (Largest Pump & Dump via Fax in US history)
Take Action - Forward Spam Emails & Faxes To The Authorities:
SEC Email: enforcement@sec.gov
Pinksheets.com Email: info@pinksheets.com; issuerservices@pinksheets.com
UCE Email: spam@uce.gov
FBI Web site: http://www.fbi.gov
DOJ Web site: http://www.usdoj.gov (Dept of Justice)
Canada Securities Administrators (CSA): http://www.csa-acvm.ca/html_CSA/invinfo_spam_emails.html
Check PinkSheets.com For Stock Ratings BEFORE You Decide Buy!!!: http://www.pinksheets.com/pink/otcguide/categories.jsp
Caveat Emptor: BUYER BEWARE. There is a public interest concern associated with the company, which may include a spam campaign, stock promotion or known investigation of fraudulent activity committed by the company or insiders. During a spam campaign, any stock that is not in the Current Information category will also have its quotes blocked on pinksheets.com.
"Watch Out For The Skull And Crossbones": http://www.washingtonpost.com/wp-dyn/content/article/2007/07/28/AR2007072800047.html
No Information: Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months.
This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
Limited Information: Is designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to meet Pink Sheets' Guidelines for Providing Adequate Current Information.
Current Information: Indicates reporting companies that submit filings to regulators with powers of review and that make the filings publicly available or non-reporting companies that make current information publicly available on the Pink Sheets News Service. The Current Information category is based on the level of disclosure and is not a designation of quality or investment risk. This category includes shell or development stage companies with little or no operations as well as companies without audited financials and as such should be considered extremely speculative by investors.
OTCQX: Companies worthy of investor consideration that have operating businesses, audited financials and provide credible disclosure to the public can qualify for the OTCQX premium market tier. Designed to meet the particular needs of small to medium-sized U.S. public companies and foreign stock exchange-listed companies, OTCQX aims to raise the visibility among U.S. investors of OTC traded companies that have strong operating models and that provide high-quality disclosure to the marketplace. For more information on OTCQX, please see www.otcqx.com.
"The SPAM & SCAM Sniff Test"
In order for a stock to be listed on the Spam and Scam Stock Board, it must meet one of the following criteria:
1. Received an unsolicited Spam email or Fax in the last month.
2. Quotes blocked and the promotional activities warning up on the pinksheets Quote page.
3. Recent merger, revere split, and/or issued restricted shares in exchange for free trading shares.
4. Recent suspension from trading, in default or Revoked with their state of corporation.
Educational Resources to Learn about SPAM & SCAM Operations:
http://www.spamnation.info/stocks/index.php
http://www.investorshub.com/boards/board.asp?board_id=610
http://www.sec.gov/litigation/suspensions.shtml
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
http://www.sec.gov/edgar/searchedgar/webusers.htm
http://www.sec.gov/investor/pubs/microcapstock.htm
http://www.law.uc.edu/CCL/33Act/sec17.html
http://www.pinksheetstocksblog.com/
Spam Stock List: http://www.crummy.com/features/StockSpam/reports/?C=M;O=D
Penny Stocks Being Shorted: http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=usa&tag=United%20Stat....
Short Interest Links:
http://otcbb.com/asp/OTCE_Short_Interest.asp
http://www.pinksheets.com/marketactivity/reg_sho_list.jsp
Verifty The Company Is Still Incorporated:
COLORADO: http://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do
DELEWARE: http://corp.delaware.gov (See Services - General Information)
FLORIDA: http://oss.dos.state.fl.us (See Corporations)
GEORGIA: http://www.sos.state.ga.us/corporations
ILLINOIS: http://www.ilsos.gov/corporatellc
MASSACHUSETTS: http://corp.sec.state.ma.us/corp/corpsearch/corpsearchinput.asp
NEVADA: http://www.sos.state.nv.us (Click on or scroll over Commercial Recordings then select Business Entity Search)
NEW YORK: http://appsext8.dos.state.ny.us/corp_public/corpsearch.entity_search_entry
OREGON: http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.login
UTAH: http://corporations.utah.gov (Scroll over or click on searches then select Business Entity)
WASHINGTON: http://www.secstate.wa.gov/corps/
WYOMING: http://soswy.state.wy.us/
Gagged Transfer Agents = TROUBLE - STAY AWAY:
Why? Companies that won't allow stock transfer agents to release outstanding share figures are probably selling tons of shares to pay their corporate salaries or wosre.
Select American Transfer Company (Closed - Allegedly Selling Counterfeit Shares)
118, Finch Avenue West, Suite 35
Toronto, Ontario M2N 7G2
Phone: 647.722.9581 Fax: 647.723.0366
First American Stock Transfer Company
706 E Bell Rd, Suite 202
Phoenix, AZ 85022-6642
Phone: 602.485.1346
Transfer Online, Inc
317 SW Alder Street, 2nd Floor
Portland, OR 97204
Phone: 503.227.2950 FAX: 503.227.6874
Integrity Stock Transfer
2920 N Green Valley Pkwy
Las Vegas, NV 89120
Phone: 702.317.7757
Very Informative Message Boards on Penny Stocks:
Dump The Pump: http://www.investorshub.com/boards/board.asp?board_id=9311
FAKE: http://www.atomicbobs.com/index.php?board=276
Market Scams: http://investorshub.advfn.com/boards/board.asp?board_id=610
Reverse Split Repeat Offenderss (RS/RO): http://investorshub.advfn.com/boards/board.asp?board_id=3017
iHub's Pump & Dump Hall of Fame: http://investorshub.advfn.com/boards/board.asp?board_id=9580
CEOs of Scam Companies: http://investorshub.advfn.com/boards/board.asp?board_id=9937
Scammy CEOs: http://investorshub.advfn.com/boards/board.asp?board_id=8927
BagHolders (SCAM): http://investorshub.advfn.com/boards/board.asp?board_id=2537
Disclaimer
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For more information about investing, Internet fraud, and micro-cap stocks, please visit the following SEC web sites:
http://www.sec.gov/sitemap.shtml
http://www.sec.gov/investor/pubs/cyberfraud.htm
http://www.sec.gov/investor/pubs/microcapstock.htm
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