Spongetech Delivery Systems, Inc. (fka SPNGQ)

[badshah]

Has anyone been able to successfully apply the "theft loss" deduction for Spongetech under Schedule A of their tax filings ?

This article (https://www.parkertaxpublishing.com/public/tax-pump-and-dump-stock-capital-losses.html) explains why it was not allowed in the case of Robert and Penny Greenberger, who bought their shares through that crook Douglas Furth...

I have tried to take this deduction several times with IRS but they have denied each time. I have, however, tried the theft loss deduction in the case of many other stocks such as USXP, LLEN, NEWL...and the IRS has allowed those losses to be deducted as "theft losses"...back in 2013 I heard someone successfully obtained a theft loss deduction for SPNG...Anyone ?