The SEC Investigation finding Brad Pyatt used the corporate credit cards as a personal ATM withdrawing tens of thousands of dollars ($10,000+) in CASH with no explanation nor receipts and hundreds of thousands of dollars ($100,000+) in unexplained transactions including luxury vacations and spa services, secret corporate jet, multiple Country Club memberships, jewelry, luxury automobiles all paid for with corporate funds for primarily personal use.
How co-founders Brad Pyatt and Cory Gregory continue cashing out outrageous share grants using unnamed third party loan schemes funded by annual $500,000 paydays to the MSLP compensation committee members.
Why the SEC chose, up to this point, to accept the MusclePharm voluntary punishment.
Brad's newly issued $23m+ Golden Parachute and 40% salary and bonus raise.
The MusclePharm executive team pyramid with bios and criminal history
The DeLuca Brothers Steroid scandal and circumstantial evidence linking it to secret $100,000 a month payments from Brad Pyatt to Ryan DeLuca discovered in the SEC Investigation.
The "pure deception" of MP executive statements regarding the company being cash flow positive showing that MP is not paying suppliers and running down inventory as the primary mechanism to the positive cash flow metric at the expense of liquid assets.
MSLP shareholders would be better served by contacting and asking the SEC’s continuing investigation that is being conducted by Kimberly L. Frederick, Michael F. D’Angelo, and Mary S. Brady. The case is being supervised by Thomas J. Krysa, and litigation assistance is being provided by Dugan Bliss and Gregory Kasper.
frederickk@sec.gov
303-844-1000
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#MSLP
#M$LP
