Hop-On Inc (HPNN)

[PRmaniac]

No evidence I've seen of either.
Yes, he was convicted of felony money laundering. But just because he funnels money from his LLC's (who knows where that $ came from) and from loans he doesn't pay back into a separate entity to "fund" it - that is just actionable by those that might have been stiffed on money he owes. But he could use the entity to pay himself but needs to report it on HPNN books. The only tax crime would be if he doesn't treat the money as income, pay taxes on that income.
Even with Peter's Green Frog Fund, he loaned $ from dilutive share issuances to a company he already secretly-controlled, and HPNN demanded no interest and no payback terms on the massive cash he sent himself. Did he get paid or accept cash from his own company? Maybe. Did he pay taxes on it as income. Maybe, but he has had and still has tax issues.
The SEC rarely does anything, even with what has been pointed out in HPNN's disclosures.
And no one demands he account for the so-called restricted shares and un-depositable "certs" I heard stories about.