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Sunday, 03/10/2013 8:00:11 AM

Sunday, March 10, 2013 8:00:11 AM

Post# of 5983
The criminal complaint filed in U.S. District Court in Los Angeles alleges that Homm directed the hedge funds to buy billions of shares of U.S.-based penny stocks and trade them among themselves to inflate their prices and the funds' asset values while generating additional fees for Homm and Absolute Capital.

Stock purchases were made through Hunter World Markets Inc, a broker-dealer in Los Angeles co-owned by Homm.