CMKM Diamonds Inc. (fka CMKX)

[mretgnol]

Wouldn’t those records help the doj and sec prove this was a scam?

Has anyone seen one person found innocent yet? Have you not read what Turino admitted to during his sentencing?


Turino, in addressing the court, said one of his now-deceased co-defendants was “printing stacks of (securities) certificates” and selling them to investors.

“People were just simple victims of a scam,” he said.

Turino’s role in the penny stock fraud conspiracy lasted from 1997 until his arrest in the Netherlands in 2010. In pleading guilty, he admitted to his role in a complex fraud ring.

Through the scheme, he and others acquired companies, issued press releases that falsely represented the activities and profits of the companies, and used the phony promotional information to sell off hundreds of millions of unregistered shares.

When that cycle ran its course, Turino and others would reincarnate the companies with announcements of mergers and new business activities, and the process would start again. Several companies that drew investigators’ focus were incorporated in Southern Nevada.

In the plea deal his lawyers negotiated with federal prosecutors, Turino agreed to provide testimony against some of his alleged co-conspirators.