InvestorsHub Logo
Followers 735
Posts 75653
Boards Moderated 0
Alias Born 01/01/2012

Re: Jakelegal post# 132498

Thursday, 03/08/2018 1:47:42 PM

Thursday, March 08, 2018 1:47:42 PM

Post# of 203912
That isn't close to being accurate - I have seen hundreds of SEC investigations - helped start many and the SEC complaint is civil - that is always how they start.

There wasn't a press release about the litigation - it was found through a court filing - which means the investigation is just beginning.

The SEC will turn this over to the Justice Department - where there will be criminal indictments - which always takes longer.

The SEC language in the complaint clearly shows that OWCP insiders were involved in the share selling scheme.

As I stated OWCP was created at a dinner at Friedland's house - so he was involved from the beginning.

Friedland was selling OWCP stock through September 2017.

There is at least $2.3 million dollars not accounted for in the complaint - we will find out how much made it back to the OWCP insiders.

Since Friedland just resigned from the Advisory Board - it is impossible to try and put the blame on "old management".

Sorry but this investigation is just beginning.

IG

It's I-Glow here, and I'm Mr.Clean.
They call me "hit man"
Don't know what they mean.