mPhase Technologies Inc (XDSL)

[camguy99]

Insight into how a PUMP_AND_DUMP works:


"All of the schemes involved efforts to manipulate the prices of publicly traded stocks by paying undisclosed kickbacks to individuals to purchase and hold the stock to create the illusion of market interest in the stocks. The objective was to induce the investing public to purchase a stock based on this artificial trading volume and, thus, increase the stock’s value. Most of the charged defendants, including the corporate officers described below, had significant holdings in the stock or stocks they sought to manipulate and could have made millions of dollars if they had successfully inflated the stock prices. The remaining defendants benefitted financially by receiving the illegal kickbacks to purchase the stocks.

To make the increased interest in the stock appear more legitimate, the defendants coordinated purchases with the release of news by the companies and frequently shared nonpublic information about the company with other co-conspirators."


DOES THE ABOVE LOOK or SOUND FAMILIAR???????
...FLUFF PR's in PERFECT timing with P&D's????

Like I've said many times....it's one of the oldest SCAMS IN PINKIE and OB land!

The exert is from a news story about other SCAM/SCUM companies that have been indicted for SECURITIES MANIPULATION. Here's the link:

http://alaskakid.wordpress.com/2008/12/17/securities-fraud-12-17-08-daniel-laikin-ceo-of-national-lampoon-inc-among-7-individuals-charged-with-securities-fraud-12-15-08/