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Posts | 18413 |
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Alias Born | 11/29/2010 |
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Friday, May 03, 2024 10:15:02 PM
SEC Charges Father-Son Duo and Associate in Market Manipulation Schemes Resulting in a New Jersey Deli with a $100 Million Valuation
https://www.sec.gov/news/press-release/2022-172
CNBC https://www.cnbc.com/2023/12/21/guilty-plea-in-100-million-new-jersey-deli-stock-fraud-case.html
Fun read: https://norrismclaughlin.com/blb/anti-trust-trade-regulations/oh-baloney-sec-sues-father-son-and-friend-for-manipulating-the-stock-of-a-new-jersey-deli/
Here's their scam playbook https://www.sec.gov/files/litigation/complaints/2022/comp-pr2022-172.pdf
This is what they pumped gullible suckers into believing was worth $100 million
![](http://image.cnbcfm.com/api/v1/image/106869089-1618511051368-Screen-Shot-2021-04-15-at-22033-PM.jpg?v=1674261661&w=630&h=354&ffmt=webp&vtcrop=y)
TAKEAWAY: If management make extraordinary claims and cause others to repeat them...they had better be able to back them up. Maybe Q1 will. As for me I've seen scant evidence of anything. Just company PR's and photo ops.
Consider me an IDIOT. Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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