MSB Global Capital Corp. (MSBM)

[makesumgravy]

Sorry, I had to look up the guys name. I kinda remembered it, but this was something to listen to. For years people had been complaining to the SEC from Ihub, and there had been many conversations regarding its lack of oversight. Everyone's suspicions were rectified having heard the testimony.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_UBDG13Gld0&refer=home

It just so happened that it involved the biggest ponzi scheme of the century, and that it went on for decades, and right under their noses. The OTC market is made up of Berman's, and who perpetuates fraud every single day of the trading week, and not one of these companies have had the SEC or FBI walk in on their business to go over their books, to look to see if there is an existing company thats more than a business model, or their accounts to see where the money is going, or what its being used for?. Billions of investor dollars have been lost in these fraudulent companies over the years. One company who is a BB can file S-8's indefinitely, and some have for years, and are still operating in the red. 504's, non registered securities, and so called companies which are nothing more than a trading symbol are allowed to rake in millions without accountability.
Any person acknowledges that something is really wrong with this picture.

This is the backdoor from the alley where all the crooks congregate to scam. Aig was the Bookie for playing the odds without the capital to cover the bets it made with all the Wall Street Junkies, Goldman Sachs/Hedgies etc., which cost the taxpayers $850B in Tarp. But whose watching?. The kind of money that gets lost to these crooks should be enough to get someones attention, and in a big way.