LOL... well if you follow all the "wrist slapping" that the SEC does with Goldman Sachs, Citi and AIG, they're just simpling following the same script. Why should it be any different for a small time penny stock fraudster CFO? Until the SEC actually goes for prison time instead of settling cases for dollars that are way less than profits made, nothing will ever change.
Pretty soon I expect the wolves to start turning on each other as there will be no sheep to slaughter... then what?