Saturday, February 24, 2024 12:53:49 PM
Exactly. That is true on almost every iHub board.
One example is the ARYC board. I was on that board battling the rah rah pumpers almost every day for a long time. They made all sorts of claims about how great the company was. Executives from the company were finally indicted and the President was just sent to prison earlier this year to 8 years.
https://www.sec.gov/files/litigation/complaints/2021/comp25029.pdf
https://www.justice.gov/usao-ndca/pr/silicon-valley-executive-sentenced-defrauding-investors-and-participating-covid-19-and
One of the rah rah pumpers was charged with conducting a fraudulent pump-and-dump scheme and sentenced to 4 months.
https://www.sec.gov/litigation/litreleases/lr-24832
https://pressbanner.com/scotts-valley-man-gets-4-month-sentence-for-fraud/
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