Cono Italiano, Inc. (fka CNOZ)

[Cuda426]

"As Brown explained, he and the Affas “work with a trader” who “takes 10% of the deal.” Brown
added, “We use him [the trader] on a lot [of deals].” The CW asked Brown, “What does he [the trader] do?” Brown replied, “Trades.
He bid supports. He trades…”
“Bid support” refers to the practice of posting bids for a stock—with no actual desire to buy it—in
order to create the false appearance of demand and thereby keep the stock price from falling too
much during the dump. (See PSR ¶ 17). As Brown’s coconspirator Christopher Nix succinctly
explained at an earlier meeting (which Brown did not attend): “they’re just bluff bids.”
https://promotionstocksecrets.com/wp-content/uploads/2016/06/MitchellBrownSentencing.pdf