WAVX OT & Uncensored (WAVX)

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Posted by: Qone0 Date: Friday, May 22, 2009 9:37:39 AM
In reply to: rich ruscio who wrote msg# 3144 Post # of 3149

OT,

In case some people have not heard. Matt Brown has been arrested charged by the DOJ.

A link to the thread with all the info.

http://investorshub.advfn.com/boards/board.aspx?board_id=15452


The pump-and-dump scheme involving GH3 International, Inc. stock occurred between October and December 2006. Dynkowski orchestrated this fraud with Matthew W. Brown, who operates a penny stock website called InvestorsHub.com. Brown introduced Dynkowski to a representative of GH3 and to Jacob Canceli, a penny stock promoter who participated in the scheme. Brown acted as a liaison between Dynkowski, Canceli and the issuer. Dynkowski and his associates used wash sales, matched orders, and other manipulative trading, timed to coincide with false, misleading and touting press releases by the company, to inflate the price of GH3 stock. Canceli provided the accounts from which Dynkowski subsequently sold purportedly unrestricted shares received from the issuer. The scheme culminated in mid-December 2006, with Dynkowski dumping 312 million shares of GH3 stock for total illicit proceeds of $747,609.