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surfguy

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surfguy

Re: None

Sunday, 05/08/2011 3:43:07 PM

Sunday, May 08, 2011 3:43:07 PM

Post# of 8728
againstallodds,

The SEC Complaint says that Flatt, Sciucca and Allen ultimately received $10 million from the S8 stock sale scheme, and $7 million was transferred back to Magnum. The penalties imposed amount to a couple of hundred thousand dollars. Flatt has yet to settle. Do you think he got the bulk of the profit amounting to $3 million? I would think the SEC would attempt to recover the full $3 million stated in the Complaint. Your thoughts.
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