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Tuesday, March 20, 2018 3:57:00 AM
Been over a year since Raymond Barton and his partners in crime were charged with fraud and agreed to repay nearly $9,000,000.
All the SEC did was charge them civilly, and is supposed to be trying to recover assets for disbursement to investors...someday.
But without criminal prosecution the crooks remain free without a blemish on their record.
What’s left here to investigate? B&L are crooks who've been charged with multiple crimes already.
I doubt there’s any assets to seize, so what’s the point of investigating these small-time hoods?
In order for them to be locked up they need to be sentenced in criminal court and if the SEC wouldn’t do it for a case where 5 people were charged for defrauding hundreds or thousands of investors in four separate stocks and profiting millions of dollars, they sure as hell ain't gonna do it here.
B&L are gone and closed down so it’s a waste of gov. resources IF theres an investigation.
The SEC has bigger fish to fry - the pinky fraud is rampant with people dumping money into scams every day.
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