Websky, Inc (WKYN)

[harr449]

The Original dpb5, nice find.

Always wondered what happened to the Argentina deal. Don't remember Haffer ever telling investors it was no longer viable.

"Stone and Diller also engineered a spam email campaign that falsely portrayed WebSky - a start-up Internet company with virtually no revenues or profits - as having a successful joint venture in Argentina that would result in over $40 million in annual revenues. In reality, WebSky's CEO had forbidden them from sending the spam email and informed them that WebSky's Argentina deal was no longer viable".

And Haffer only gets slap on wrist.
"Subject to court approval, WebSky and Haffer have agreed to settle the action, without admitting or denying the allegations, by disgorging the $35,000 received in the sale and consenting to a permanent injunction against future violations of the registration provisions of the federal securities laws. Haffer also has agreed to pay a $25,000 civil penalty".

Why does SEC or whomever allow these scam artists to own any stock? Should be banned for life. Wish someone would start civil suit for us who lost money during this scam.