20. Defendant Adam S. Rosengard is a resident of Voorhees, New Jersey. Rosengard was a student at the University of Delaware during the relevant time period. SEC Complaint <a href="http://sec.gov/litigation/complaints/2009/comp21053.pdf" rel="nofollow" target="_blank">http://sec.gov/litigation/complaints/2009/comp21053.pdf</a> XTMS - $80,000 cash - 3rd party - Adam Rosengard - Feb/Mar 07 A student with $80,000 in cash to hand over for a penny stock promotion? A student of what?