Marani Brands Inc. (MRIB)

[Scumbag Fraudsters]

Don't count on the SEC to "take this down."


They're very lackadaisical when it comes to halting stocks.


I asked why Barton's stocks were still active more than 2 years after fraud charges were filed, and of course Tracey had no answer.

I pointed out that the fraud complaint states that "Barton conducted no legitimate business through MedGen, but used it to further his fraudulent securities scheme and thereby enrich himself and others involved in that scheme."

So why would a complete scam, one that had never conducted any legitimate business, be allowed to keep selling shares? And the billions of shares Barton sold were fake anyway - they were unregistered shares he and his attorney created.

She said "sometimes stocks aren't shut down because it would harm shareholders more by trapping them in the stock, and maybe the investigators suspect other illegal activity so they're allowing it to keep trading while they follow the money trail to see if it leads them to other illegal activity" (sounds like BS to me).

But allowing anyone to sell shares in a scam, especially FAKE ones, shouldn't be allowed at all! By allowing someone to sell and get OUT, you're allowing someone else to buy and get IN (or get deeper in).



No one knew Barton's stocks were under investigation until charges were filed, and the same applies to Marani. I think the the SEC will eventually get around to investigating it and there could be an active investigation at this time, only the SEC knows for sure.


I don't know if there was another female ombudsman before Tracey, I just thought that since she doesn't remember talking to anyone about MRIB, you may have spoken to someone else.


As for the problem of there not being enough investigators, I did say that I thought the problems need to be addressed before investigations become necessary - PREVENT the illegal activity rather than clean up after it.

There's an obvious lack of regulation and oversight in the OTC which attracts unscrupulous characters and allows them to post fraudulent news for years before either being caught or moving on to other scams.

The fact that so few stocks are investigated, coupled with the fact that the punishments are often so insignificant yet the rewards so immense, is a tempting path to easy street for anyone so inclined.

Many of the potential crooks might think long and hard about their future if they though punishment was swift and severe.

Some CEO's think they can say anything in a PR as long as they include a disclaimer at the bottom which says it's all forward-looking statements and not to be relied-upon (some don't even bother, and tweets don't typically have it).


Tracey agreed and said she'd bring that to someone's attention (yah, right ).