Yes, according to court records Giguiere conspired to pump up the price and volume of these stocks through manipulative trading and a stock promotion website designed to get innocent investors interested in buying the stock. After the stock prices rose and he dumped the shares, Giguiere pocketed more than $10 million in fraudulent proceeds from these schemes.
These fraud schemes like EVTI victimize all investors, they are the epitome of OTC P&Ds as has been discussed here for years - Giguiere is a conman, EVTI is an insider enrichment scheme.
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