Monday, June 20, 2016 11:42:11 PM
Unless there was some contemptible action on the part of Eddie in the court room or an actual warrant for his arrest, on what basis would a judge have to have him arrested? It is not illegal to be a penny stock CEO...and just because people loose money in his pos stocks doesn't mean he can be detained.
In federal securities law only the DOJ can bring criminal charges..and that would have to be by referral from the SEC. Civil actions do not result in arrest or detention.
The courts do not protect people from themselves for being stupid and buying into his crap stocks...and while there might be a case to be made for a securities law violation, it does not appear that the SEC has seen fit to apply the necessary resources to bring an action against him...or if they have investigated did not feel that the evidence was sufficient to bring a slam dunk case...(and in penny stocks they only spend their time on slam dunk cases).
So in the absence of that, there is absolutely no basis for a judge to "hold" Eddie.
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