Questions? Back up.
No wonder Highline tries to hide the Ex CEO's name. Steven Humphries is in a bit of trouble and an investigation into his possible continued connection with HLNT needs to be looked into. Who actually owns that equity position reported in the Highline PR's as someone else's equity? The news clip belows talks of Humphries and his associates. Interestin and very related to HLNT. are his hooks still into HLNT? I'd like to know. Maybe those comin financials will reveal the equity holders of each HLNT controlled company. I was lookin back at the transition from Humphries to the new CEO and it just doesn't make sense to me. Nor does the removal of all company PR's but the most recent.
Hot NewsFormer 'CHiPs' Star Nabbed in Undercover Penny Stock Probe
- 10/7/2010 10:22:51 PM
Federal authorities have filed charges against more than a dozen suspects – including former “CHiPs” star Larry Wilcox – for allegedly manipulating penny stocks, The Wall Street Journal reported, following an undercover sting involving FBI agents and informants. According to the U.S. Securities and Exchange Commission, the Journal said, Wilcox and the other defendants offered kickbacks to undercover agents posing as corrupt fund managers and stockbrokers in exchange for purchasing shares of microcap companies in an effort to artificially inflate the prices of those penny stocks. The suspects allegedly disguised the kickbacks as payments for bogus consulting services, the Journal said, and knew that the fund managers and stockbrokers would be violating their fiduciary duties by using client funds to purchase the shares. Ten of the defendants – including Wilxoc – now face criminal charges, the Journal said, including mail, wire and securities fraud. “These corrupt promoters meticulously planned their schemes down to the last detail, except for the possibility that they were walking into an undercover operation,” a senior SEC official stated. “This joint law enforcement effort is a stark warning to those who embark on securities fraud schemes that we may be listening and we may be watching.” In addition to Wilcox, the SEC said, the following face charges for their suspected involvement in the stock-manipulation scam: Tri-Star Holdings CEO Anthony Mellone and Zcom Networks CEO Alex Parsinia, who allegedly conspired with Wilcox – chief of another penny stock company called The UH Hub Group – in the investment scheme; Jean R. Charbit, a stock promoter who has already been targeted by prosecutors in several other countries; fellow stock promoters Jeffrey Galperm, John “Buckeye” Epstein and Steven E. Humphries; Ingen Technologies CEO Scott R. Sand and AcessKey IP CEO Bruce Palmer; and transfer agent Tzemach David Netzer Korem.
