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My Son is meeting with the Detective. This interview has absolutely nothing to do with the Secret Service...or said event in Township. It does however, have everything to do with said Township prior to said event.
My favorite deli uses them exclusively. What a major FU by them.
It certainly is. It'll take them a while to recover from this.
It's a cult stock as opposed to a meme stock imo. The problem with shorting it is no one knows how its namesake would say anything from day to day to move the stock. It's 52 week high is $79.
I'm on a board where we try and predict the Nasdaq close at the end of the day. One of us makes his pick AH after the market closes and I make mine PM before it opens. We allow for a 60 point margin on our WAGS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175082631
As you can see AH and PM has little bearing on how the market closes. I have never traded PM as I'm too busy checking the box scores from yesterday's MLB games.
The SS has already admitted that this was a major screw up by them. End of story.
My favorite deli uses them exclusively. What a major FU by them.
GameStop CEO Ryan Cohen to Pay Nearly $1 Million Penalty to Settle Antitrust Law Violation
https://www.ftc.gov/news-events/news/press-releases/2024/09/gamestop-ceo-ryan-cohen-pay-nearly-1-million-penalty-settle-antitrust-law-violation
Today, the Federal Trade Commission announced that Ryan Cohen, managing partner of RC Ventures, LLC, and Chairman and CEO of GameStop Corp., will pay a $985,320 civil penalty to settle charges that his acquisition of Wells Fargo & Company (Wells Fargo) shares violated the Hart-Scott-Rodino (HSR) Act.
According to the complaint, Cohen, who is also the founder and former CEO of Chewy, Inc., acquired more than 562,000 Wells Fargo voting securities resulting in aggregated holdings of Wells Fargo securities that exceeded HSR filing thresholds. Cohen’s purchase triggered an obligation to file an HSR form with federal antitrust agencies and wait before completing the acquisition. Yet Cohen failed to do so, which violated the HSR Act, according to the complaint.
The HSR Act requires companies and individuals to report large transactions, including securities acquisitions, over a certain threshold to the FTC and DOJ so that the federal agencies can investigate the deals before they close. The agencies have 30 days after a transaction has been reported to conduct an initial investigation and file a “second request” demand for additional information. It is generally illegal to finalize an acquisition during this investigatory period. The maximum civil penalty for an HSR violation at the time Cohen made the corrective filing was currently $43,792 per day.
According to the complaint, Cohen’s acquisition of Wells Fargo voting securities was not exempt under the Investment-Only Exemption of the HSR Act, even though his holding represented less than 10 percent of the outstanding voting securities of Wells Fargo.
When acquiring the Wells Fargo shares Cohen intended to influence Wells Fargo’s business decisions as evidenced by Cohen’s emails when he advocated for a board seat. After acquiring the shares, Cohen proceeded to have periodic communications with Wells Fargo’s leadership regarding suggestions to improve Wells Fargo’s business and to advocate for a potential board seat, according to the complaint.
The Commission vote to accept the settlement and refer the matter to the Department of Justice for filing was 5-0. The Department of Justice filed the complaint and proposed stipulated order on the FTC’s behalf in the U.S. District Court for the District of Columbia.
As required by the Tunney Act, the proposed settlement, along with a competitive impact statement, will be published in the Federal Register. Any person may submit written comments concerning the proposed settlement during a 60-day comment period to Maribeth Petrizzi, Special Attorney, United States, c/o Federal Trade Commission, 600 Pennsylvania Avenue, NW, Washington, DC 20580 bccompliance@ftc.gov. At the conclusion of the 60-day comment period, the U.S. District Court for the District of Columbia may approve the proposed settlement upon finding that it is in the public interest.
The Federal Trade Commission works to promote competition, and protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers or file an antitrust complaint. For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.
The final rule was approved this morning.
The new minimum tick size for Exchange traded stocks over $1 will be $0.005 for most stocks. Some will be $0.015.
This new rule will also apply to all OTC trading for the first time, so no more $0.0001 increments for listed stocks over $1.
The new rule will implement in November 2025.
It's clever indeed!
But let's not forget that what crypto may be best for is money laundering...
I've long maintained that crypto functions to a large degree as an elegant device for separating people from their money, the moment they let their guard down. Throw in a combustible mix of romance, neediness, and sexual opportunity and you have a recipe for potential fraud. Social media furnishes the illusion that your online counterparty can be instantly trusted, though generations past built trust among themselves in the marketplace of pressed flesh, body language, and the nuances of speech. We knew people first, and then we trusted them. Now, mass naïvety prompts us to trust people first, then know them; the problem with that is that they abscond with your money between the trusting and the knowing.
As a former instructor of sales and negotiation skills, I can affirm the personal satisfaction that results when a win-win agreement is forged between two parties who may have initially been far apart. Social media, with its shadows and lies, emits a siren call that seduces the lazy, the ignorant, the desperate. In most successful scams, it is usually the party that is the most lazy, the most ignorant, the most desperate who ends up the victim.
I will say, however, that this scheme is noteworthy for being clever!
Serious correction brewing amid a continuous lag:
https://www.multpl.com/s-p-500-price-to-book
https://www.multpl.com/s-p-500-price-to-sales
The last time I saw this type of lag was early 2000's with home/commercial construction. We kept waiting for it to hit and it kept dragging on...slowly.... until bam. I left that Industry one year before the final collapse. The debt to GDP ratio at that time was 62.72(4th qtr 2007). Currently, that same debt to GDP ratio is 121.6
No one is paying attention.
Wait'll you get to the one about CoinW6! Love and blackmail!!
While the intent may be the same, the actual process of picking pockets has certainly evolved with the generations.....Queasy after plowing through the SEC complaint for a bit, I began to feel as if I had somehow stumbled upon one of Jack Kerouac's stream-of-consciousness screeds - and began to contemplate the location of the nearest stash of Rolaids (NanoBit delivers MaxiHeartburn). Dirty deeds know no borders, it should be noted.....
The complaint in the romance scheme is worth reading.
When you think you saw it all.......................
Wait till you get to the third case from today. THAT is REALLY crazy!
And another one involving social media manipulation:
CoinW6
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26111 / September 17, 2024
Securities and Exchange Commission v. CoinW6, No. 2:24-cv-07924 (C.D. Cal. filed Sept. 17, 2024)
SEC Charges CoinW6 with a Relationship Investment Scam
Schemers allegedly used WhatsApp, LinkedIn, and Instagram to lure investors to fake crypto asset trading platforms before stealing their money
The Securities and Exchange Commission today charged CoinW6 in connection with a romance investment scam - a type of relationship investment scam - involving a fake crypto asset trading platform. The SEC's complaint alleges that the Defendant, doing business as CoinW6.com, 6hsh.com, dmd567.com, bybit.cc, and cglobalw.com, solicited at least 11 investors via social media apps, lied to them to gain their trust and confidence, and then stole their money, which totaled approximately $2.2 million.
The SEC's complaint alleges that, from approximately July 2022 to at least December 2023, scheme participants who purported to be young, wealthy professionals contacted prospective investors via LinkedIn and Instagram and pursued romantic relationships over WhatsApp. Scheme participants gained investors' trust and then convinced them to open accounts on CoinW6's supposed crypto asset trading platform. As alleged, the schemers claimed that investors could earn up to a three percent return per day from CoinW6's crypto asset staking, mining, and yield farming products. In reality, investors' funds were misappropriated, and their ostensible investments, profits, and account balances were fictitious. When investors tried to withdraw their purported profits, the schemers allegedly demanded additional payments for taxes or fees, told investors that the crypto assets were frozen as part of a law enforcement inquiry, or tried to blackmail them using compromising romantic communications over WhatsApp.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26111
The Complaint:
https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-134-coinw6.pdf
This one's pretty interesting: it seems CoinW6 doesn't exist. And...
A. CoinW6 Scheme Participants Develop Romantic Relationships with Potential Investors
15. CoinW6’s fraudulent scheme began with Scheme Participants purporting to be young, attractive professionals contacting prospective investors across the United States through social media platforms such as LinkedIn and Instagram. Often Scheme Participants would claim to have mistakenly stumbled upon a prospective investor’s social media profile.
16. For example, as shown in the screenshots below, on September 8, 2022, a Scheme Participant using the pseudonym “Margaret,” contacted a prospective investor residing in California on Instagram claiming to have “accidentally brushed” a post from
the prospective investor and then sought to move the conversation to WhatsApp.
17. Upon establishing initial rapport, the Scheme Participants then pursued romantic relationships with prospective investors over the messaging platform, WhatsApp. The Scheme Participants created and used fictional online personas, purporting to be managers of businesses like salons in New York or Los Angeles. As shown below, the Scheme Participants depicted themselves as young, beautiful, and rich on social media and in photos sent to investors. The Scheme Participants often told investors that they were frustrated with dating and disappointed with their prior relationships...
After seeing what appeared to be generous returns reflected on the CoinW6
Platform on the 7-day investment in the crypto asset mining pool, Investor A agreed to
deposit more funds with the assistance of Viviana, bringing his total principal –
excluding any returns – to about 9,500 USDT. On or about November 11, 2022, Viviana
recommended that Investor A invest in CoinW6’s 30-day crypto asset mining product,
which offered daily returns of 3.2 to 3.6 percent, and told the investor that an investment of $100,000 would result in profits of $3,540 per day. On or about November 29, 2022, Viviana and the CoinW6 Platform represented to Investor A that he had made a return of approximately 6,238 USDT on his principal of 9,500 USDT in a month.
Wild!!
Now this one's much more interesting:
NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26110 / September 17, 2024
Securities and Exchange Commission v. NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao, No. 2:24-cv-06517 (E.D.N.Y. filed Sept. 17, 2024)
SEC Charges Four Entities and Three Individuals in Relationship Investment Scam
The Securities and Exchange Commission today charged four entities and three individuals in connection with a relationship investment scam involving the alleged fake crypto asset trading platform NanoBit. The SEC's complaint alleges that defendants, working with other scheme participants, solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. This case is among the SEC's first enforcement actions alleging these types of scams.
The SEC's complaint alleges that from approximately October 2023 to at least June 2024, scheme participants impersonated financial industry professionals in WhatsApp groups to build investors' trust and then solicited their investments through the supposed NanoBit crypto asset trading platform. In order to persuade investors that the platform was safe, NanoBit allegedly falsely claimed that its affiliate, NanobitUS Securities, was a SEC-registered broker. The supposed financial professionals allegedly then touted fake initial coin offerings as a way for the investors to make substantial returns. But, as alleged, the NanoBit platform was fake and investors' funds in fact went to scheme participants who wired more than $2 million to bank accounts in Hong Kong and misappropriated hundreds of thousands of dollars' worth of investors' crypto assets...
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26110
The Complaint:
https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-134-nanobit.pdf
Now this is crazy:
Joel David Castro Leon and Shmuel A. Sherr
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26109 / September 17, 2024
Securities and Exchange Commission v. Joel David Castro Leon and Shmuel A. Sherr, No. 2:24-cv-09214 (D.N.J. filed Sept. 17, 2024)
SEC Charges Two Israeli Residents with Manipulative Spoofing Scheme
The Securities and Exchange Commission today announced settled charges against Israeli residents Joel David Castro Leon and Shmuel A. Sherr for carrying out a manipulative trading scheme that netted them over $415,000 in profits.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26109
The complaint:
https://www.sec.gov/files/litigation/complaints/2024/comp26109.pdf
Seriously, was that worth it?
LOL. Trump Media's revenue is equivalent to two Starbucks coffee shops, and strategists say its stock market value is detached from its day-to-day business. It lost $869,900 in its most recent reported quarter ended June 30.
https://www.yahoo.com/finance/news/judge-rules-arc-global-breach-125802964.html
Boeing Risks Being Cut to Junk as Strike Hurts Production
September 13, 2024
(Bloomberg) -- Boeing Co. is at risk of losing its investment-grade credit rating as the embattled planemaker faces the prospect of a drawn-out strike by workers that will further disrupt production and cash flow.
The credit score on Boeing’s unsecured debt has stood at Baa3 with Moody’s Ratings since April. Moody’s said in a statement on Friday that it’s reviewing the ratings for a possible downgrade and that it “will assess the strike’s duration and impact on cash flow and the potential equity capital raising Boeing may undertake to bolster its liquidity.”
Boeing has been fighting to hang on to its investment-grade rating, a mission that’s now been complicated by the strike called by workers overnight. The company has more than $45 billion in net debt and has been bleeding cash after it was forced to pare back output in the wake of a near catastrophic accident in January.
A descent into junk territory would increase Boeing’s borrowing costs at a time when it’s struggling to turn around its commercial and defense operations. Boeing has also been losing money on some defense contracts, and its space business has been dogged by delays and cost overruns. The company has $4 billion of debt coming due in 2025 and also $8 billion coming due in 2026, according to Moody’s.
There are other financial consequences to a junk downgrade, such as a smaller pool of investors willing to buy a company’s debt. Two credit graders must lower a company to speculative grade before its debt leaves the investment-grade index and is no longer considered high grade.
Chief Financial Officer Brian West told analysts at a Morgan Stanley conference on Friday that the company will consider necessary steps to shore up its balance sheet. The planemaker is evaluating its capital structure to ensure it can meet its upcoming debt payment over the next 18 months, he said.
“We remain committed to manage the balance sheet prudently,” West said at a conference. “We want to prioritize the investment grade credit rating.”
About 33,000 workers at Boeing’s main sites in the Seattle area voted last night to reject a new labor accord and go on strike. Boeing has said it’s willing to get back to the negotiating table, after offering a 25% pay increase alongside other sweeteners. It’s unclear how long and disruptive a strike might be, and the union leadership has also said it’s willing to resume talks.
Fitch Ratings also said on Friday that Boeing’s investment-grade rating has “limited headroom for a strike.” Like Moody’s, Fitch has Boeing on the lowest rung above speculative grade. The same applies for Standard & Poor’s, which rates Boeing at BBB-.
I will keep renewing my GTC limit buy orders for BA at $60 and $30.
I find it sad to see this long time icon of Merrikun manufacturing and engineering quality/aerospace technology sinking apparently without bottom (so far).
Is Eddie Lampert destined to be the next CEO and Chairman of Boeing?
This company is more than a little bit snakebit in recent years. A cuppla/few more unforeseen misadventures and my bids might actually gett filled. Butt I will cancel them if Eddie Lampert is named to the BOD and/or becomes CEO or president - or lower the bid limit to 0.0001.
Welp..I was a "little" exited for it at first notion. Guess I'll justs wait for legitimate access or not. Doesn't seem they are thrilled with it so far....and neither am I..lol.
It was supposed to begin in late June, I think.
oh...ok. I didn't know it was delayed.
Maybe it's glitchy. The rollout was delayed by several months. Or maybe they couldn't persuade as many issuers as they'd originally wanted to participate.
Well..that is what makes sense....but....as yo say, " Not that OTCM usually cares about that"
No, no, no, it is because you need to show proof of attending and graduating a recent MONKINAR 😂 to qualify...
I think it could be that they don't want to say much about it till they're sure there aren't any bugs. Not that OTCM usually cares about that, but...
I guess I'll have to sign in with my disco broker and see if I can find anything. ?...or not?
SMCI is now past its 15-day extension after filing a 10K-NT. What will likely happen next? I'm trying to remember is it 60 days before they risk delisting?
That's interesting. And speaking of OTCM's "OTC Overnight", it apparently made its debut two days ago:
OTC Markets Group Announces Official Launch of OTC Overnight, Expanding Global Market Access
https://finance.yahoo.com/news/otc-markets-group-announces-official-110000014.html
When Will We Sleep?
Those of us who follow such things have already noticed the out-sized influence that pre- and post-market trading has been having on NASDAQ trading activity....
https://curatia.com/leads/4131
LOL....what is pathetic is that this happened less than three Months before the investigation started
https://www.butlereagle.com/20231014/butler-township-commissioner-recognized-by-state-association/
That's a meme :)
lol....no...they are all politicians and similar. Of course...probably not that much different than Vinny...lol.
Well, if it by some chance sucks in Vinny ("The Torch") LoCastro, that would be fine with me.
I certainly will......in a very delicate, tempered manner of course ;). This may just be "nasty big"...hopefully not.
The dude is literally my age....why in the hell is he still thinking with his dick..lol. It's fn' pathetic.
Keep us posted...
Speaking of prison. My son talked to the Detective from AG's office. Meeting with him next Week. There are multiple people being investigated @ Local and higher Government positions.
Holy fn' shit...here comes the cover up. I hope it's that and not the worst case scenario....which I can't say publicly. The guy had a lot of higher ups on his phone...including Senators(of course).
Yeah and Air Canada Pilots going on strike next week, Flights starting to be cancelled as early as Sunday.
OK FRIDAY FUNNY HCMC is trading at .0001 and lots of one share trades going through as they have a spinoff of their own worthless subsiduary.
Many days it has traded at .000001 recently LOL
ex date Monday
I know a guy who was an independent Boars Head route guy decades ago. In the Bronx.
The stories he tells about selling products to the bodegas and trying to get paid are pretty entertaining.
And most of his collections were in cash so he was a ripe target for being held up. He told me about one incident where he hopped back into the cab of his truck and before he could close the door a gun was pointed at his head. They wanted the cash.
Fortunately his most recent cash pick up was small and when the robber demanded the rest of his money the driver handed over a pouch truck he set aside specifically to hand over to an armed thief. The pouch had a couple of hundred dollars in it.
he thousands from his other pickups were safety stashed in a freezer compartment in the back of the truck.
Based on a personal observation or just conjecture?
And what I've bought has always been good quality. Or so I thought.
I think even most prisons don't have a "heavy meat buildup on walls".
Now, no dirty jokes...
Yep, most of the cold deli meat I buy is their brand. Get it from our nearby upscale (I thought) market which stocked plenty of it as of a day or two ago.
DD Support Board and Fraud Research Forum
This forum is a place for ALL to share and build research and due diligence.
This is not a forum for recommending stocks to buy or sell. It is for information sharing only.
Please do not use this forum to promote stocks.
Feel free to build on the research already done by others or to present fresh new research.
Please start all informational posts with the ticker symbol of the stock.
Important links:
Another place to read some of nodummy's research:
http://promotionstocksecrets.com/
Great Forum for Litigation and Court Docket updates not posted on this board:
www.investorshub.advfn.com/boards/board.aspx
SEC trading suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC press releases:
http://www.sec.gov/news/press.shtml
SEC administration proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC litigation releases:
http://www.sec.gov/litigation/litreleases.shtml
Most recent SEC flings:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=&owner=exclude&count=40&action=getcurrent
Great Website for basic information about the laws surrounding penny stocks
http://www.securitieslawyer101.com
Stock Dilution Scam:
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market for no reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.
Pump and Dump Schemes:
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
The key is understanding
The key is understanding that pink sheet stocks are not investments - 99% of them will lose value over the long run and never accomplish most of their forward looking pumping statements they put in press releases or on their websites. Never believe the hype - always be skeptical of everything you hear.
The people mostly making money with pink sheet stocks are promoters, front loading pumpers with big followings they can dump on, crooks, some of the flippers, and sometimes the very lucky.
Pumpers only tell you to buy stocks that they already own. Pumpers only tell you to hold stocks because they want to make sure you hold longer than them.
They make money by pumping the stock and getting other people to buy then dumping their shares on the followers.
If you really want to take the risk of trying to make money trading pink sheet companies then you have to understand how the game works and never ever hold long term - take profits when you can. Pump and Dumps dominate the IHUB forums.
Trading pink sheet stocks is a sick game full of lies and deceit where people take advantage of the inexperienced and naive stealing away their life savings for their own personal gains.
Very little respect or morals exist in stinky pinky land.
The Consequences of an SEC Suspension:
Complete list of SEC suspended stocks and SEC Admin. Law Judge registration revocations from January 1st, 2010 to May 9,2020:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531213
More information on Suspended Stocks
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
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