Discovery Minerals LTD (DSCR)

[Ryan8]

DSCR - notice the similarities

Justice moves slow, but it moves. If you think that 15,000 shareholders losing $125,000,000 to this scam does not have blow back, you must be smoking dope.

49 year old Counterfeit Crook Colin Heatherington faces up to 25 years in prison when he's sentenced in May. He pleaded guilty in a Los Angeles courtroom after being accused of manipulating BILLIONS of shares of penny stocks. After he was arrested in 2019 his lawyers claimed he "only played a minor role as a stock trader in a complex scheme that was directed by other people."
His boss at Absolute Funds was indicted in 2013 and is still on the run. Absolute Funds is "a Cayman Island-based company that managed eight hedge funds from offices in Mallorca, Spain......

...As part of the scheme, Heatherington oversaw the purchase of billions of shares of United States-based penny stocks, which were then traded using various manipulative practices, such as cross trading, which fraudulently inflated the value of the stocks and, in turn, the value of the Absolute Funds.
Heatherington and others in the scheme also reaped profits through self-dealing trades in which they sold their own shares of artificially inflated penny stocks to the Absolute Funds.


Another defendant in this case — former Beverly Hills stockbroker Todd Ficeto, 57 — was sentenced to six years in federal prison in July 2020 after being convicted in Los Angeles federal court of 18 felonies relating to his managerial role in the scheme to manipulate penny stock prices, which garnered him many millions of dollars from fees and commissions and self-dealing trades."

Securities Trader Pleads Guilty in LA to Role in $215M Stock Manipulation Scam https://mynewsla.com/crime/2024/02/01/securities-trader-pleads-guilty-in-la-to-role-in-215m-stock-manipulation-scam/ via
@MyNews