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When will JAY PATRICK BOOTH bring the pork chops to the SPNG shareholder-victims?
All hat, no cattle.
Jay Booth will save all SPNGQ investors and get them full refunds plus interest. In fact, he will gett a judgement for all of their expected profits as well. The SEC will pay for all the losses and lost profits claims.
Jay's latest sternly worded letter is almost ready to send. All that is needed is for shareholder-victims to set up a GoFundMe to pay for an envelope and a stamp.
Jay Booth is still working on it.
shajandr Tuesday, 06/06/17 03:17:07 AM
Re: cowtown jay post# 346346
Post # of 346530
Bummer for you, dude. No munny ever comin' from SPNG fraud to you. SPNG died in 2010 - 8 years ago.
https://www.washingtonpost.com/politics/courts_law/supreme-court-rules-to-limit-sec-power-to-recover-profit-from-fraud/2017/06/05/13fc02b8-4a02-11e7-a186-60c031eab644_story.html
The Supreme Court on Monday unanimously limited the federal government’s power to recover the profits made from illegal behavior.
Justice Sonia Sotomayor wrote that the Securities and Exchange Commission must abide by a five-year statute of limitations in seeking “disgorgement” from those whose fraudulent actions resulted in illegal profits.
It is a favorite tool of the federal government; in recent years, the SEC took in nearly $3 billion in disgorgements, more than double what it received in penalties, according to court filings.
The question for the Supreme Court was whether disgorgements were a form of a penalty, which is subject to the statute of limitations, or a remedy for unjust enrichment that simply restores the offender to the situation he would have been in if he had not acted illegally, as the government claimed.
It appeared not to be a close call to the justices.
“SEC disgorgement bears all the hallmarks of a penalty: It is imposed as a consequence of violating a public law and it is intended to deter, not to compensate,” wrote Sotomayor, who noted that the money received often goes to the government rather than victims of the fraud. “The 5-year statute of limitations therefore applies when the SEC seeks disgorgement.”
It was one of the first cases heard by new Justice Neil M. Gorsuch after he was sworn in in April, and he joined his new colleagues in overturning a decision from his old court, the U.S. Court of Appeals for the 10th Circuit in Denver.
The case was brought by Charles R. Kokesh, a Santa Fe, N.M., businessman who was convicted of misappropriating money from four investment companies he controlled from 1995 through 2009 and using the proceeds for a lavish lifestyle.
A judge in 2015 ordered him to pay a $2.4 million civil penalty. But because the SEC has interpreted disgorgement to have no time restraint, the judge said Kokesh must also pay $35 million, the calculated amount of illegal profits dating back to the initiation of his illegal behavior.
With a five-year limit, Kokesh’s disgorgement would be reduced to about $5 million.
Dixie L. Johnson, a securities enforcement lawyer in Washington, said the ruling “shatters” the SEC’s view of disgorgement.
“Those who previously paid disgorgement purportedly for ill-gotten gains more than five years after the relevant violation will be reviewing their situations against this case to determine whether the disgorgement award should have been allowed,” she said in a statement.
My efforts do, indeed, continue. My current effort has been underway since July 5th.
Yes, indeed. Jay Booth will obtain huge financial rewards for all the poor SPNGholders.
Bwahahahahaha!!!
Mosky and the Mutt will turn it all around eventually. Patience grasshopper.
ATTENTION ALL SPONGERS!!!!!!
Your munny remains G-O-N-E. It will remain GONE forever.
Nott comin' back.
Won't even send a postcard.
Nuffin 4U.
ATTENTION ALL SPONGERS!!!!!!
Your munny is G-O-N-E.
Nott comin' back.
Won't even send a postcard.
Funny to see that board still active.
Fallen to this scam years ago
ATTENTION ALL SPONGERS!!!!!!
Your munny is G-O-N-E.
Nott comin' back.
Won't even send a postcard.
Absolutely totally a different thing.
Especially in size. In this one $100K in to it the guy was busted and done.
And believe it or not doesn't seem anyone was arguing against the SEC that others were trying to destroy their great company, etc., etc, - and siply too the advice and the scam failed.
Sorry, that case is nott related in any way to SPNG.
A Final Judgment in this related case was entered today. A penalty equal to the amount of disgorgement, plus interest, was imposed.
What will become of the money recovered? The SEC "...reserved issues relating to monetary relief for subsequent determination."
https://www.sec.gov/litigation/litreleases/2018/lr24167.htm
The SpongeTech story hasn't even begun to be told.
cowtown jay, the Spongetech story has been complete for a long time now.
Good luck.
I'm anxiously awaiting tomorrow's release of the DOJ IG Report. Of particular interest to me will be any details regarding Loretta Lynch and lack of enforcement, issues relevant not only to the Clinton case, but to SpongeTech's case, as well.
Totally agree! 10/10. Anybuddy who could nott see the obvious scam that SPNG was - after all the REDD FLAGGS and obviously nonsensical sales figures for some gottdammpt SPONGES frankly should stick to bank saving accounts and a piggy bank.
Nobuddy with a lick of common sense could possibly have bleeved SPNG was legitimate. So the peeps in the stock were simply playing the gambler's game of flipping known crap to sumbuddy else at a higher price - the hot potato game a/k/a the musical chairs game. And then the SEC and DOJ showed up one fine morning and suspended the turdstock and arrested the CEO and CFO ... and the flippers playing the 'greater fool' game lost it all. As they should have.
STEVEN YEHUDA MOSKOWITZ and MICHAEL METTER hauled enuff jack from this rig job/scam that they're both set for life. Mosky stashed his cash in Switzerland and Israel in names of family members and friends. Metter likely stashed some of his haul in Switzerland too. Good for them - they took it from the greedy pennyflippers for the most part, and from people who can't manage munny and would have just lost it in some other pennyscam or investment swindle anyway.
STEVEN YEHUDA MOSKOWITZ recently used some of the haul he made from the greedy flippers to pay for the building of a pergola for his wife in their backyard in Flushing. He knows how to take care of his fambly and nott squander his munny foolishly chasing pennyscams and playing musical chairs flipper games.
Munny always seeks stronger and wiser hands - natural selection. Those who gott scalped by SPNG gott culled from the herd of investors, as it should be - and is.
Thank you Mosky and Mike. I will be forever grateful for the new SUV I bought through your brilliant tactics. Hope you stashed away enough for years to come. You deserve it for pulling it off and walking away. Pure genius.
STEVEN YEHUDA MOSKOWITZ is enjoying his Memorial Day Weekend sitting with his wife in the new pergola that SPNG shareholder-victims paid for with their LOST MUNNY.
Meanwhile, the contractors should finish a new front porch with a gabled roof on the MOSKOWITZ's Flushing hacienda.
Ahhhhh ... life is good for STEVEN YEHUDA MOSKOWITZ and MINDY. That swindled SPNG munny makes their lives so much easier and more interesting.
I can't believe this board is still around. I remember buying a car with the money I made off this scam.
ATTENTION ALL SPONGERS!!!!!!
Your munny is G-O-N-E.
Nott comin' back.
Won't even send a postcard.
METTER and MOSKOWITZ are enjoying spending the tens of million$ of Dollars they swindled from the conned SPNG shareholder-victims.
Uncle Norman still has a garage full of the soap-infused sponges he bought from the handful of test stores that Walgreens stocked with them. Uncle Norman has a 900 year supply of pre-soaped sponges.
MOSKOWITZ is using some of his booty to have a pergola built in the backyard of his Flushing home for his wife.
SPNG shareholder-victims should write directly to STEVEN and MIKE to ask for their munny back. That's the only chance left.
Butt at leased STEVEN YEHUDA MOSKOWITZ hadd enuff munny from the SPNG scam to gett a potentially life-saving medical procedure: bariatric surgery.
Seems nott to have worked on Chris Christie though. Butt worked for STEVEN YEHUDA MOSKOWITZ (a/k/a DAVID BOMART). He used SPNG munny to save his life.
Oops.. that as I have one too and appreciate so many don't understand sarcasim especially...I confess that I didn't.
Of course, in here on this few have shown any humor....and in fact the course you were on - many had gone down extensively in the past in all seriousness!
I'm hoping that you realized that my post was made in jest.
You responded to my post so I'm a bit confused.
GLTY
what is so funny is that the guy that is the big "complainer" for years now, was pumping the SPNG stock during 2009-10 with all the fraudulent information provided by SPNG
Yes a form NT was filed. It is a form to be granted 15 days more to file the required 1q-K....which never was and absolutely has NOT been under review by anyone for the last years....IT DOES NOT EXIST.
Oddly, it was after even that tell tale action that most of the P&D occured. With not only the same type but frequently the same people swearing how everyone was out to get this great company that they were to become a Sponge Millionaire on.....
Many of their comments based on releases as you say - but on a "newswire" (PRN and associates) that actually claims to be an advertising source and not providing any official information. And most of the time by nameless postings on Boards like this claiming all types of things. The company was careful to issue only tempered claims about things that were generally hoped for the future But one needs to read more than the headline.
Still it seems so many want to believe everyone else is responsible for them having made a bad investment based on bad information from bad sources. And more wildly claim - everyone that advised them that what was going on or failed to find a way to stop them from doing it was negligent by someone allowing themselves to make a dumb decision and certainly because the recourse and actions weren't enough to satisfy.
Yes a form NT was filed. It is a form to be granted 15 days more to file the required 1q-K....which never was and absolutely has NOT been under review by anyone for the last years....IT DOES NOT EXIST.
Oddly, it was after even that tell tale action that most of the P&D occured. With not only the same type but frequently the same people swearing how everyone was out to get this great company that they were to become a Sponge Millionaire on.....
Many of their comments based on releases as you say - but on a "newswire" (PRN and associates) that actually claims to be an advertising source and not providing any official information. And most of the time by nameless postings on Boards like this claiming all types of things. The company was careful to issue only tempered claims about things that were generally hoped for the future But one needs to read more than the headline.
Still it seems so many want to believe everyone else is responsible for them having made a bad investment based on bad information from bad sources. And more wildly claim - everyone that advised them that what was going on or failed to find a way to stop them from doing it was negligent by someone allowing themselves to make a dumb decision and certainly because the recourse and actions weren't enough to satisfy.
in 2009 criminal enterprise SPNG filed an NT 10K stating that they expected revenues for the year to be around $50 million, where in reality revenues were only in the $200,000 range
that 10K was never filed
They also issued pump PR's stating that they were receiving orders in the area of $70 million per quarter
all fraudulent, of course
Cowtown....with all you've said and were so sure of - especially as the expert you claimed to have been for so many years relied upon in so many other prosecutions, etc. (and aren't you the one that wanted the hold lifted so you could sell too, right? So impossibly wrong in so many ways)...how far off you've been in all of them is immeasurable.
The SEC reviews all types of materials daily on all Cos that actually have Billions involved. That is exactly what they do. And amazingly fast (for 35 years I was part of the extensive teams producing at least part of the filings they required - and considering the amount of time and energy needed to do so within the required time frame - the speed and even insight of their response (in the few cases there was one) was amazingly fast.
And as I recall no 10-K was actually ever filed - (except for the one that they virtually instantly found problems with asked about and then suspended it over not addressing) for the period before any of the real scam started. (The one leading to the announcement Deloitte would do the next audit and the delusional believers bringing it back from dead).
I really don't think any of the people at DOJ now have ever heard (or certainly can remember) SPNQ - a penny stock scam back almost a decade.
I think Clinton's and Obama's stooge, aka Loretta Lynch, WAS willfully negligent in this case
Lynch and Comey have already taken the fall for their gross negligence in regards to Spongetech.
Who will be the next to fall? Will it go all the way up to DJT as some suspect?
The rumor I'm hearing is that the SEC is almost finished with their review of the 10-K. 9 years of review is not unusual when billions are at stake.
Staying tuned!!!!!!!!!!!!!!
Actually, I think Clinton's and Obama's stooge, aka Loretta Lynch, WAS willfully negligent in this case. We'll see.
And now the munny is all G-O-N-E, never to return.
I had around 125k shares. Pooooooooof
The problem in the sponge tech case was Loretta Lynch. Complete incompetence and absolutely no oversight.
Berta, thanks for the laugh. To think the SPNG principals were tremendous businessmen selling millions in product vaporized once the curtain was pulled back.
Good luck.
Jay Booth should sue Mosky in Peoples Court. It's the only way for SPNG victims to ever hope to recover even a penny. No other hope remains.
you can find the episode here if you wish
http://peoplescourt.com/
MR. STEVEN MOSKOWITZ WAS A DEFENDANT ON - THE PEOPLES COURT -- this morning was being sued by a disabled lady in new York his company was supposed to erect a fence on her property, she posted a $850 dollar bank check as half down payment. She never got her fence and judge Marilyn millan lit him up for BREACH OF CONTRACT he said he was unaware of her check ever being cashed . he crawled away a loser and the judge awarded her $1850 1,000 extra for punitive damages WHERE WAS A GOOD JUDGE IN any of the legal procedures here.
DAMN I WISH IT WOULD HAVE BEEN JUDGE JUDY
i remeber buyn 3,000,000 @.0071 selling @ .0085 and the next day it was .14
smh
u still long in this?
i was thinkn of averaging down @
.000000000000000001
crazy this thing went to .24 and I sold @ .0085 for peanuts
in a better one now
whew
peace
SP
Do Not post about legal cases that are not related to Spongetech. These posts are OFF TOPIC and are not made on-topic by falsely claiming they are related to SPNG.
A Consent Judgment was entered today in a case related to SPNGOV. (SPNGOV is a more appropriate ticker, since shareholders are victims of both company insiders, as well as by the lack of enforcement by the government).
https://www.sec.gov/litigation/litreleases/2018/lr24036.htm
Of note in regards to the $700,000 + in illicit proceeds mentioned in this case, we see the following: "The judgment provides that upon subsequent motion by the SEC the Court will determine issues relating to monetary relief." And we'll be waiting to see the SEC's motion.
Yup.I am not going to let negatives screw up my $$ in SPNG.
Go baby SPNG.I predict end of month a lot higher prices.Imo.
.06s???Will be a nice start.SPNG=A money making engine.
Not so much...
The SEC is still flyspecking it according to Mosky.
Some victims bleeved that the SEC pre-approves 10-Ks.
That's why their munny is G-O-N-E, never to return.
No munny for the swindled SPNG share buyers.
Blue sheets ===> nuffin
Blue sheet shuffler ===> nuffin
Yappity-yappin' on dem blue sheets ===> nuffin
Loretta Lynch ===> nuffin
Steve Mnuchin ===> nuffin
Pleas to BK trustees ===> nuffin
Pleas to DaJudges ===> nuffin
Only thing left is axing Mindy Moskwitz for some cents or a coupon for $0.10 off a McDonald's coffee.
No munny for U.
In a search for a contractor to replace my roof I had 5 estimates provided from 5 different companies. STEVEN MOSKOWITZ of Renovex LLC gave me the best price by over a couple thousand dollars. This was too good to pass on, so I hired Renovex to do the job.
Steve immediately demanded 60% of the cost to be paid upfront. I was hesitant so I told him once the material arrives on site I would give him the 60%. He rudely told me "I am not a bank, and I won't lay out that kind of money." We eventually came to an agreement. The following day, 80% of the material arrived and so I paid him in good faith. That was my second mistake. My first mistake was hiring him in the first place. I was initially promised that the entire job would be completed in 3-5 work days. Over the course of 3 weeks I've heard one excuse after the other. It went from bad weather (which never came) to family emergencies, to sick days (6 in a row, with no communication) This company left my roof unprotected which lead to a semi-major leak in multiple areas of my home. I am currently in the process of filing a claim against his insurance, which I'm beginning to think is fraudulent. I have gotten no where. After over three weeks from the start date they were only competent enough to complete 45% of the job. I had finally had enough of the excuses and contacted Steve. I told him I have no other recourse at this point. I need to hire someone else to complete the job. His response was, "Why didn't you tell me that my workers haven't been there in over 5 days? You are just trying to steal my materials and I will see you in court!" As if I'm responsible for managing his labor force. Save yourself the headache, don't use Renovex LLC for ANYTHING! It was a waste of my time and money in the long run. It was the least professional management I've ever dealt with in my entire life. PLEASE DON'T BE TEMPTED BY THE LOW COST, IT IS A FACADE THAT IS WELL WORTH AVOIDING!
Ross G. and 1 other voted for this review
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