IBSG Intl Inc. (IBIN)

[aya]

Just my feeling:
The unique chance to get some money from IBIN, is through a guilty setence against the Rivers, because the equity ( most of it fictitious ) was given to the creditors.

LAST NEWS:
SEC Wins Judgment against Former IBSG International CEO
Posted March 23, 2011 2:00PM PST
The Securities and Exchange Commission secured a judgment against Michael Rivers, the former chief executive at IBSG International, for allegedly pumping up the company's stock through false claims in press releases.

A U.S. District Court in Florida entered a judgment of permanent injunction against Rivers that bars him from future violations of certain securities laws, as well as from serving as an officer or director with a public company registered with the SEC. The court could also still order Rivers to return $1.23 million in illicit profits, plus interest, and to pay a civil penalty.

The SEC alleged that Rivers profited from a three-year campaign of planting press releases with false claims of software licensing agreements. The commission also claimed that Rivers falsely recognized $23 million in revenues from the fake agreements in company filings. He then sold more than 1 million shares in IBSG, generating $1.23 million.


Rivers consented to the judgment without admitting or denying the allegations.


IBSG went public in a reverse merger in 2004.