Monday, October 15, 2018 5:32:17 PM
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23864 / June 21, 2017
Securities and Exchange Commission v. James M. Farinella, et al., Case No. 2:17-cv-04538 (D.N.J. filed June 21, 2017)
SEC Files Fraud Charges Against Stock Promoters in Market Manipulation Scheme
The Securities and Exchange Commission today charged a New Jersey-based group of stock promoters with fraud involving the manipulation and artificial inflation of the share price of a microcap company. The scheme grossed over $1 million.
The SEC alleges that James M. Farinella, and his purported consulting firm Integrated Capital Partners, Inc. (ICP), controlled virtually the entire public float of stock in microcap issuer Pazoo, Inc. Farinella paid Equity Awareness Group (EAG) to promote Pazoo and to engage in matched trading to create the appearance of an active market for Pazoo stock and boost the stock price. The SEC further alleges that Anthony Amado, an owner of EAG, and Carlo Palomino, an EAG employee, carried out the scheme, enabling Farinella to dump Pazoo shares for over $1 million.
Of course PZOO has been pumped numerous times.
IG
"And the CEO looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him."
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