Grifco Inc (GFCI)

[back2basics]

This credit given to the Obama Task Force is like Biden saying Iraq will be one of the major accomplishments of this Administration. Not a word about the Surge putting the war over the top. The Surge that Obama and Biden said was a mistake. The execution of the war in Iraq has changed little under Obama.

The Grifco scammer's indictment is an extension of the GGI case, from 2008. GGI plead guilty so that case was settled. The news release said that the CEO of Grifco had illegally issued shares to GGI and got kick backs from their sale. It was obvious Dial was in their sights. They just had to complete the investigation. When I talked to the SEC & FBI investigators they said their were 46 entities being investigated. IMO, there will be lots more shoes dropping.

I'm glad the Administration is going after investment scams, but you can bet they will try and cover themselves with glory.