Tuesday, July 01, 2014 6:31:45 PM
Xiaoming Hu is one Of Mr. Long's (ORFG PRESIDENT) linked friends with money. He is the undisclosed 3rd party paying for the stock promoter. He was given an undislose amount of ORFG shares in exchange for the 20K fee to promoters. They are setting up for inside dump. The same way 3,000,000 shares where dumped by one person in a week in the Columbia Scam. However, this time Mr. Long own's 300,000,000 shares.
It is the involvement of Xiaoming Hu that is bringing interest to the SEC. (LOOK OUT FOR TRADING HALT)
The SEC said some of the defendants also engaged in a scheme to artificially inflate the share price and trading volume for a third Chinese company that Kelley helped bring public – Kandi Technologies Group Inc. (Nasdaq: KNDI).
The SEC’s complaint implicated Kandi’s chairman and chief executive officer, Xiaoming Hu, in that scheme, which began in late 2009. It said he provided 350,000 shares of stock to two of the defendants, who agreed to pay stock promoters to tout Kandi and to orchestrate a manipulation campaign to lift the shares to a predetermined price.
Over the next few months, Kandi’s stock quadrupled, and volume also soared.
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