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Friday, 08/27/2021 5:46:14 PM

Friday, August 27, 2021 5:46:14 PM

Post# of 263665
Another GRCU promoter bites the dust.
(he was busted for a different stock but the truth remains… he was a GRCU pumper)

SEC Obtains Judgment Against California Trader Charged with Posting False Stock Tweets

Litigation Release No. 25185 / August 27, 2021

Securities and Exchange Commission v. Andrew L. Fassari, No. 8:21-cv-0403-JVS (ADSx)

The Securities and Exchange Commission obtained a judgment against an Irvine, California man who posted false statements over Twitter and another social media site while purchasing and selling securities.

According to the SEC's complaint, filed March 2, 2021, Andrew L. Fassari used the Twitter pseudonym @OCMillionaire to tweet false statements about a defunct Nevada company to inflate the value of the company's stock. Specifically, the complaint alleges that, on December 9, 2020, Fassari began purchasing over 41 million shares of Arcis Resources Corporation (ARCS) stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations and expanding its business. The complaint further alleges that, over the next several days, ARCS's share price skyrocketed, ultimately increasing over 4,000 percent. As alleged, Fassari also made false statements about his own trading in ARCS.


Kool-aid is the beverage of choice amongst penny dwellers.