Spongetech Delivery Systems Inc (fka SPNGQ)

[OldTymer]

Has this been posted yet?...

From the Yahoo board less then one hour ago:

http://www.crainsnewyork.com/article/20100505/FREE/100509925

(Last Paragraph. Vanity got nailed, too):

Meanwhile, on Wednesday morning, FBI and IRS agents raided Spongetech's headquarters at 10 W. 33rd St. Down the block, at another address listed in court records as a Spongetech office—but listed on the building's directory as home to “Vanity Events Inc.”—an IRS agent stood vigil as eight people, seemingly Spongetech employees, sat silently outside the office and furiously pecked away at their iPhones. Federal agents were summoning the people into the office one by one.