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scion

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scion

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Friday, 07/18/2014 3:44:27 PM

Friday, July 18, 2014 3:44:27 PM

Post# of 64738
The SEC alleges that Christopher Plummer teamed up with the CEO of CytoGenix, Lex M. Cowsert, to defraud investors with extravagant claims about the microcap company’s revenue and other benefits flowing from a “shared revenue agreement” with Franklin Power & Light, an electricity provider supposedly operated by Plummer. However, Plummer’s entity was a complete sham, CytoGenix had actually lost all of its vaccine patents and other intellectual property in a lawsuit, and Plummer and Cowsert stole proceeds of CytoGenix stock offerings that they told investors would be used for energy production projects and other corporate purposes.

SEC Charges Penny Stock Company CEO and Purported Business Partner for Defrauding Investors With False Press Releases

FOR IMMEDIATE RELEASE
2014-140

SEC complaint
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-140.pdf

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542330146#.U8lz6lY79tI
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