Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

If you are not aware of what of just a fraction of the allegations were:

MSLP officers (mostly Brad Pyatt) secretly leased a private jet for personal use somewhere around $100k a month.

Brad and others jettisoned to 5 diamond resorts in Cabo San Lucas, Mexico and other locales booking suites costing $1,000s a night and playing golf with greens fees of $300 and $400 a round, countless spa treatments in addition to purchased things such as premium golf club sets, Louis Vuitton luggage sets, expensive jewelry, Cash ATM withdrawals for 10s of thousands of dollars at a time that the proceeds were never disclosed, etc....all for themselves personally yet paid with corporate funds in addition to the unreported and secret stock options.

There were private country club memberships that had 5 or 6 figure initiation fees in addition to the monthly dues.

That just scratched the surface of the personal piggy bank mentality that still exists at MSLP.

This is what initiated the IRS audit. The IRS is currently in active proceedings targeting Pyatt and et al and recent disclosures have stated all the targets are currently in settlement discussions thus MSLP release.