White Label Liquid Inc (WLAB)

[CashBowski]

There’s no indication in the charging documents that insiders of these 5 companies aren’t implicated. The agent points to “other people” being involved that aren’t named, and that there’s at least one cooperating witness.

Svorai, Vaccaro and Taieb were seriously implicated and are being charged in the scheme, and Svorai as CEO of CNCC has both himself and his company involved, and VPOR was also his company that was taken over by Yaron/WLAB. What’s very fishy is Dennis Ruggeri is a scumbag and lap dog for Svorai, which I’ve known about him for years, however he was recently named as the administrator on 4 out of the 5 companies implicated.

It’s way too early to assume that others involved with the other companies aren’t implicated just because they haven’t been charged yet. The government is still building their case and looking for cooperating witnesses in the companies involved before they charge potential accomplices. The SEC may very likely come out with own investigation and additional charges at some point in a separate suit.

The CE designation isn’t coming off anytime in the near future due to all 5 companies being named in a federal investigation, including securities and wire fraud. OTCM is obligated to protect investors and a CE designation is there to warn potential investors of the current legal circumstances surrounding the company.