EFuel EFN Corp (EFLN)

[janice shell]

That's just embarrassing;

Participants in naked illegal short selling activities can be charged with a crime based on the SEC regulations. In 2014, two Florida State University professors were charged with participating in the illegal practice that resulted in approximately $400,000 in revenue. Ultimately, the accused agreed to a settlement with the SEC in the amount of $670,000.

Naked shorting is not a crime. It is a violation of SEC regulations. In the case you cite, the SEC brought a CIVIL LAWSUIT against the perps. And the perps settled.

Further, the SEC does not have prosecutorial powers.

Learn the difference between civil and criminal law.