SEC Charges Eleven in Stock Manipulation Ring

[MikeLeaff]

One addition I want to make to this earlier post is that a paid promoter (such as shakerzzz) may be completely innocent in the eyes of the SEC. Just because someone was hired to push a stock on iHub doesn't necessarily mean that person was also made aware of the illegal matched trades, money laundering, etc. of those doing the hiring.

If Dynkowski and Brown went around telling every person they came in contact with about the fraud, including promoters and helicopter pilots, then they're pretty stupid.


Posted by: MikeLeaff Date: Monday, June 01, 2009 3:11:39 PM
In reply to: scion who wrote msg# 7300 Post # of 7683 [Send a link via email]

Also, don't forget that Brown's gang contracted with a paid promoter (shakerzzz) to pump the stocks on iHub. That's not much different from making the posts themselves.

However, unless you find an actual post by IH Matt (Admin) where he, under that specific alias, touted one of the stocks in question, I doubt you'll get Phil Hot Rod to admit that Matt misused iHub in this pump & dump endeavor. Phil's using a very narrow definition, it would appear.