Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

re: "It should also be noted that Mr. D’Amaro cooperated with the Government, he sat for debriefings three times and provided information outside of the relevant conduct for this charge (information on possible illegal conduct by a California Lawyer and associated parties and information attesting to illegal conduct that may have led to or supported SEC case no: CV10-2031, defendant Spongetech Delivery Systems, Inc and Harmon Trading.)[1]

[1] Mr. D’Amaro was not involved in any illegal conduct regarding these issues."

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"A Delaware judge has sentenced Gerard D'Amaro, the Florida man who pleaded guilty to charges stemming from the pump-and-dump of Ontario-based Playstar Corp., to three years in jail. He learned his sentence in an appearance before Judge Sue Robinson on Sept. 8, 2010.

Mr. D'Amaro reached a deal with prosecutors earlier this year, in which he agreed to plead guilty to two counts of a four-count fraud indictment. The charges were for helping to manipulate Playstar and other stocks with on-line postings and wash trades. In addition to the three-year sentence, the judge ordered Mr. D'Amaro to forfeit $1.49-million in proceeds of crime. (All figures are in U.S. dollars.)"

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1762459&symbol=*SEC&news_region=C




Did D'Amaro provide any valuable info to the SEC regarding SPNG and, if so, what was the subject matter?