Resonate Blends Inc (KOAN)

[mdimport]

One of the unregistered penny stock promoters who received free trading $TXHD shares to dump on the market was funding a felon convicted of fraud.

Apparently there's a pattern in $TXHD.

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WASHINGTON—Shelly S. Singhal, Dennis L. Pelino, and Loretta Fredy Bush, formerly of Xinhua Finance Limited (Xinhua Finance), a Chinese company trading publicly in Japan, were sentenced today to prison terms after earlier pleading guilty to a charge of conspiracy to impede the lawful functions of the Internal Revenue Service.
All three defendants pled guilty in February 2013 in the U.S. District Court for the District of Columbia. They were sentenced by the Honorable Chief Judge Royce C. Lamberth.
Singhal, 45, of Newport Beach, California, and Pelino, 65, of Miami Beach, Florida, were each sentenced to nine months of incarceration. Bush, 54, of San Francisco, was sentenced to one month of incarceration. Following their terms, each defendant will be placed on three years of supervised release. Bush will be required to serve the first 150 days of her release period in home confinement. Chief Judge Lamberth also ordered each defendant to pay $20,000 fines.
The sentences were announced by Mary B. McCord, Acting U.S. Attorney in this case; Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office; and Thomas J. Kelly, Special Agent in Charge of the Washington Field Office of the Internal Revenue Service-Criminal Investigation.