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Re: dcsteve post# 17779

Friday, 07/12/2013 11:07:19 AM

Friday, July 12, 2013 11:07:19 AM

Post# of 34573
David Levy found guilty. Old news from the DoJ - dated March 22. We've heard about this former investor of GDGI. I think he's holding close to $3M in GDGI debt - under some red herring called EZ English. Okay - so here's the snip from the DoJ release:

DAVID LEVY was also convicted of securities fraud in connection with his efforts to orchestrate a multi-year pump and dump scheme involving a third company that he helped take public: Greenway Design Group, Inc., which has traded under symbol “GDGI.” Evidence presented at trial demonstrated that DAVID LEVY awarded himself secret shares in GDGI in the name of a Panamanian shell company maintained by a money launderer.

If so, can't the company go after him in civil and sue for damages? $40k (tops) in legal fees and the company could instantly wipe out millions in debt.

Suddenly, I'm interested again... or am I delusional?