VGTel Inc (VGTL)

[munimi]

Yep , these scam CEOs are too predictable ,they just move one ticker to other after they get shutdown by SEC and put them on gray market

Fraud is exposed...

watch out folks ,don't be a victim, overseas promoting group has been trying to P&D this on unsuspecting people for months, unsuccessfully!
SEC shutdown risk pretty high here, not to mention billions of shrs worth of MIKP and VGTL convertible debt

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149126241
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149139064
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147751319
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149138031

Quote:VGTL is not SEC reporting...but my question is, wouldn’t the SEC have an issue with this as a way to get around a suspension and use another ticker to pump the same assets?

You would THINK so. But they haven't done a thing. And to make matters worse, VGTL isn't just any old shell. It was a shell that was used by Ed Durante to rip off a fairly large number of private investors to the tune of at least $11 million:

https://www.sec.gov/news/pressrelease/2015-285.html

That was the first action. In January, they went after the crooked broker and corrupt registered financial advisers Durante had worked with.

https://www.sec.gov/litigation/litreleases/2016/lr23442.htm

Parallel criminal charges were filed, and I believe all of the perps are by now in prison.

One of Durante's little helpers, Abida Khan, posted right here on the DD board back around November 2015. She was complaining about Durante, evidently trying to plant the idea that she was a victim rather than a co-conspirator. She didn't do a very good job of it. We were, however, intrigued by the story, and did what digging we could. So we weren't surprised when Durante was arrested.

Or when Abida was also arrested. Hilariously, she'd put in a claim for Whistleblower money.

Throughout all this, the SEC didn't suspend VGTL. I assumed that was because it wanted to give the ripped-off investors a chance to exit with as much of their investment as possible. But they could have suspended a few months later.

They didn't. And so, as almost always happens when the SEC fails to suspend an issuer involved in a scam, it's now involved in another dicey operation.