Ingen Technologies Inc (IGNT)

[wizco]

The CEO has been charged by the SEC with felony. Why would you put money into this stock?

Scott R. Sand, the CEO and Chairman of Ingen Technologies, paid illegal kickbacks to an FBI undercover agent portraying an employee pension fund manager and to a cooperating witness portraying the manager’s associate. The kickbacks were to induce the employee pension fund manager and his associate to purchase millions of restricted shares of Ingen stock. Sand also issued millions of shares of Ingen stock to the associate in exchange for acting as a middleman in the scheme. Sand told the purported manager and associate that he was trying to generate the appearance of market interest in his company, induce public purchases of its stock, and ultimately increase the stock’s trading price. Sand lives in Calimesa, Calif.

http://stockmarketlawsuit.com/securitiesfraudlawyer/?tag=scott-r-sand