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Re: Traderlife post# 127180

Monday, 06/05/2017 8:22:33 AM

Monday, June 05, 2017 8:22:33 AM

Post# of 155358
Can't get that link to work...

How about this one....

https://www.justice.gov/usao-ct/pr/suffield-man-pleads-guilty-federal-charges-stemming-role-stock-pump-and-dump-scheme

According to court documents and statements made in court, between approximately 2009 and July 2016, MEISSENN and others conspired to defraud investors through a stock “pump and dump” scheme. MEISSENN and his co-conspirators induced investors to purchase securities by making false and misleading representations in calls, emails and press releases concerning the securities and the issuing companies, thereby causing the price of those securities to become falsely inflated. The issuing companies, most of which were essentially shell companies controlled by MEISSENN’s associates, included Terra Energy Resources Ltd. (stock symbol “TRRE”); Mammoth Energy Group, Inc. (stock symbol “MMTE”), a company that later became Strategic Asset Leasing Inc. (stock symbol “LEAS”); Trilliant Exploration Corporation (stock symbol “TTXP”); Electric Motors Corporation (stock symbol “EMCO”); Hermes Jets, Inc. (stock symbol “HRMJ”), which later became Continental Beverage Brands Corporation (stock symbol “CBBB”); and Fox Petroleum, Inc. (stock symbol “FXPT”). The conspirators then sold positions in those securities that were held by conspirators and their designees at the falsely inflated prices, thereby enriching the members of the conspiracy.

After selling their own shares at a profit, the conspirators allowed the price of the securities to fall, leaving investors with worthless and unsalable stock. As a result, victim investors lost millions of dollars.