Xynergy Corporation (XYNH)

[PennyHeaven7]

The following US SECurities & Exchange Commission litigation, should ease all our minds at least little, due to the fact the SEC now does take a serious interest , in any Penny Stock CEO that might want to try and issue false press releases , as well as try and trade fraudulently issued shares of a company.

Lets all hope the CEO of XYNG never, ever has to go in front of the SEC for any of the following SEC Antifraud Violations.

This just shows, now in 2008, more then the past, even Penny stocks must be Honest with it's shareholders, no matter if it is a Pink penny stock, or a Blue chip stock.


U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20466 / February 25, 2008

Securities and Exchange Commission v. Mario A. Pino, Civil Action No. 08-CV-353 (MHM) (D.C. Ariz.)

Securities and Exchange Commission Charges Individual with Violating Antifraud and Securities Registration Provisions of the Federal Securities Laws

The Securities and Exchange Commission today announced that it filed a complaint in the United Statement District Court for the District of Arizona against Mario A. Pino for violating the antifraud and securities registration provisions of the federal securities laws. The complaint alleges that Mario A. Pino usurped the "corporate identity" of Bancorp International Group, Inc. ("BCIT"), a public shell, by fabricating, issuing, and trading fraudulently issued shares of the company. The complaint also alleges that Pino issued false press releases between May 2 and July 13, 2005, and issued millions of shares of fraudulent BCIT stock to himself and others. The complaint alleges Pino sold 175,005,000 shares, earning profits of $269,033, in unregistered, non-exempt transactions into the resulting inflated market.

The complaint alleges that Pino violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (Securities Act) and Section 10(b) of the Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The Commission seeks a permanent injunction against Pino, disgorgement, including pre- and post-judgment interest, third tier civil penalties, an officer and director bar, and a penny stock bar. [SEC v. Mario A. Pino, Civil Action No. 08-CV-353 (MHM), U.S. District Court for the District of Arizona] (LR-20466).