InvestorsHub Logo
Followers 89
Posts 6855
Boards Moderated 1
Alias Born 09/18/2009

Re: Eliot Ness post# 345991

Monday, 04/04/2016 1:50:20 PM

Monday, April 04, 2016 1:50:20 PM

Post# of 346920
"The people who played this scam and made money should have to give the money back?"

Yes, according to the SEC, if they received their shares directly from the company, and as members of the SpongeTech stock distribution network.

"Or is it that the sheep who refused to trade and lost should be reimbursed?"

Yes, specifically as it relates to Mr. Greenberger, based on the information contained in his Motion to file a theft loss deduction, and also based upon evidence subsequently provided (to an extent).

Yes, also, as it relates to shareholders who were victimized by buying unregistered shares in the open market, if the SEC's charges are correct.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.