Spongetech Delivery Systems, Inc. (fka SPNGQ)

[236T568]

again with the false statements

in the DOJ case, Metter got a $100 fine and probation as he has been convicted of fraud. Moskowitz' fine and jail sentence have yet to be determined by the court, but he has pled guilty to one count of fraud that could carry a very substance jail sentence.

in the SEC case, the SEC obtained the most severe judgment on Metter and Moskowitz that can be obtained, with the monetary fines, penalties and disgorgement still to be determined by the courts.

Look for the Metter and Moskowitz monetary judgements to be in the $52 million range for each in the SEC case.

So who were the operators of the Bank Account....was it Metter with a $100 fine or Moskowitz who got slapped on the wrist and whose sentencing date is yet to be fixed? Were these monies used to buy up shares of SPNG, like in Silverman's claim that Frank Lazuskas used millions to buy back shares and entered into a settlement with the Insurance company for $490K? Why are there no revelation by the SEC??