News Focus
News Focus
Followers 244
Posts 55847
Boards Moderated 12
Alias Born 04/12/2001

Re: the_worm06 post# 1047

Sunday, 01/25/2009 8:24:59 PM

Sunday, January 25, 2009 8:24:59 PM

Post# of 1593
On June 14, 2007 the SEC filed suit against Michael Paloma's associates, Arizona attorney David B. Stocker and Texas attorney Phillip W. Offill, Jr. for their role in an illegal "pump and dump" scheme. The Commission alleged that attorneys Stocker and Offill assisted Michigan-based AVL Global, Inc., in a scheme to dump millions of shares of AVL Global stock into the marketplace without any public disclosure of the company's failing operations.

In the same action, the Commission also charged Peter W. Fisher and his son, N. Tyler Fisher, the principals behind AVL Global, for their roles in the scheme, where a handwritten fax was sent to more than one million recipients across the country. This fax was designed to mislead investors into believing they had inadvertently received a confidential stock tip faxed from a stockbroker to his client, containing an urgent message from a financial planner intended only for his client, "Dr. Mitchel". The fax was urging the purchase of a stock that was about to triple in price. In fact, neither the financial planner nor "Dr. Mitchel" ever existed. The fax was sent to more than one million recipients across the country by stock promoters who made over half a million dollars unloading their shares on duped investors. David Stocker and Bryan Kos were also involved with Michael Paloma in various penny stock scams.

Letter of 04/22/2004 from BJ Davis to First American Stock Transfer
http://www.pennystocksexposed.com/pse_047.htm

Letter of 05/22/2004 from BJ Davis to First American Stock Transfer
http://www.pennystocksexposed.com/pse_048.htm

E-mail of 04/13/04 from BJ Davis to Paloma, Stocker and Kos
http://www.pennystocksexposed.com/pse_061.htm


http://www.pennystocksexposed.com/pse_068.htm

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today