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tbirdman

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tbirdman

Re: None

Monday, 12/12/2011 7:50:52 PM

Monday, December 12, 2011 7:50:52 PM

Post# of 9448
SEC Charges "Shell Packagers" and Several Others in Penny Stock Scheme


“Shell packagers who buy and sell public companies for use by fraudsters have no rightful place in our markets,” said David Rosenfeld, Associate Director of the SEC’s New York Regional Office. “These shell packagers not only sold the shell company, but created the false documents necessary to cause the transfer agent to issue shares that should never have been sold to the public.”




http://www.sec.gov/news/press/2011/2011-262.htm


"Sometimes you eat the bar, and sometimes, well, he eats you."

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