FONU2 Inc (FONU)

[PRmaniac]

Medient studios Inc. Fonu2 Inc. and their owners named in the suit now could face more than fourteen charges including false statements, fraud, aiding fraud and neglecting financial filings.
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“With us living beside it we could see there was nothing being done, no progress with the site so we kind of figured they didn’t have any money,” says Sapp.

The SEC says they definitely did. Through backdating stock shares and shady investment offers the SEC found the original owner was able to spend on average more than seventeen hundred dollars a day over a two month period before he was fired.

We reached out to the man who took his place and eventually closed the entire project and only heard from their voice mail.