Tuesday, December 10, 2013 8:18:07 AM
Alex Kon has been running a pump and dump scheme for years. He owns Stock Chat LLC and 007StockChat LLC. Here's the disclaimer:
smartOTC has been compensated the sum total of three thousand five hundred dollars from a third party (Stockchat LLC) for a one week TPNI advertisement.
The reason I can call this a Scam (another name for scheme) is that stock promoters are required to fully disclose compensating parties. When stock promoters team up to circumvent 17(b), that does not count. Basically, stock promoters cannot pump and dump stocks just like public companies can't.
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