Friday, August 03, 2012 9:27:14 AM
The SEC's litigation release says:
"The Complaint alleges that in fact, unknown to potential investors, Williams had been hired by Cascadia and Green Oasis to promote their stock and had been compensated with millions of free and discounted shares of these stocks."
http://sec.gov/litigation/litreleases/2012/lr22420.htm
The Complaint itself says:
"Prior to Williams’ announcement of his Plays and Float Lock Downs, Cascadia and Green Oasis paid Williams with millions of free or heavily discounted shares to promote their stocks."
The Complaint is linked at the bottom of the litigation release.
Obviously the SEC would be required to provide evidence that proves the above, but that is all too simple. They have access to his brokerage records and the websites involved are public record. Slam dunk. He will be forced to settle on their terms and stuff like this won't help:
An attorney for Williams, Ted Margolis of Norris McLaughlin & Marcus in New Jersey, said his client denies any wrongdoing.
"He is a victim in the events surrounding the SEC investigation," Margolis said in an email. "Mr. Williams has, in fact, lost just about everything he has had financially."
http://seattletimes.nwsource.com/avantgo/2018790919.html
Anyone who hates children and animals can't be all bad......W. Claude Dukenfield
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