SEC Charges Eleven in Stock Manipulation Ring

[shortsinthesand]

Dynkowski and an accomplice carried out the Xtreme Motorsports pump-and-dump scheme. The two of them, who met through InvestorsHub.com, pumped Xtreme Motorsports stock through wash sales, matched orders and other manipulative trading during January and February 2007. Dynkowski’s friend, Adam S. Rosengard, served as the nominee account holder who facilitated the dump of 13 million purportedly unrestricted shares of Xtreme Motorsports stock. After pumping the stock, Dynkowski sold the shares from Rosengard’s account generating illicit proceeds of $257,646.

Looks like shakerzzz made good money and followed the law so he gets to keep his gains for cooperating with the SEC!

The dates match like a carbon copy!

Shakerzzz.....

XTMS - $80,000 cash - 3rd party - Adam Rosengard - Feb/Mar 07
XTMS - $25,000 cash - 3rd party - Carmac Associates Inc. - Mar 07

Shorts