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Tuesday, June 16, 2015 7:03:57 PM
Washington D.C., July 18, 2014 — The Securities and Exchange Commission today charged a serial con artist and a penny stock company CEO with misleading investors in a supposed vaccine development company by issuing false press releases portraying it as a successful venture when it was in fact a failing enterprise.
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.
Shared revenue agreement....sounds a lot like a founder program.
Maybe some inspired person needs to file a complaint with the SEC.
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