Labor Smart Inc (LTNC)

[DD2Gain]

More SEC violations charges related to TSGL

That's "Staffing Group, LTD". You know, the same company that the LaborSMART CEO recently used LTNC capital to purchase a 10% stake in and wants to partner with.


NOVEMBER 6th 2015 (is that recent enough for ya'?)

In a parallel action, the Securities and Exchange Commission brought stock manipulation charges Wednesday against Morris, Ofsink and Halcyon's Ronald Heineman. The regulator had previously brought charges in July 2014 against Discala, Josephberg, Wexler and broker Matthew Bird.

"Brokers serve important gatekeeper functions in our markets and deterring market manipulation is among them," said Joseph Sansone, co-chief of enforcement for the SEC's market abuse unit, in a statement. "We allege that Morris and Heineman didn't just fail to deter the stock fraud being perpetrated at their brokerage firm, they actively participated in it."

The indictment alleges that Ofsink and others agreed to defraud investors and potential investors in CodeSmart, Cubed Inc., StarStream Entertainment Inc. and the Staffing Group Ltd., between October 2012 and July 2014. The DOJ alleges that the group conspired to control the prices and trading volumes of the companies by issuing misleading press releases and false SEC filings, and hid their ownership in the four companies, rigged price movements and trading volume, and made unauthorized purchases of the stocks in the accounts of unwitting investors.

Read more: Microcap financier charged in $300M securities fraud - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/regulatory/microcap-financier-charged-in-300m-securities-fraud.php#ixzz3tn3OUFk3



http://www.thedeal.com/content/regulatory/microcap-financier-charged-in-300m-securities-fraud.php