Spongetech Delivery Systems, Inc. (fka SPNGQ)

[shajandr]

Why do you people persist in avoiding the reality that Metter and Moskowitz ran a stock fraud? Mosky made up fake customers, fake sales numbers, paid his relative to go buy sponges off the shelves at Wal-Marts, issued more than 2 BILLION shares, filed fraudulent financials, and provided fake attorney opinion letters under a phony name David Bomart, just like he did with fake letters from "Flo Weinberg" in his NYC tax case.

Moskowitz was the CFO - reporting fake sales from non-existent customers, made-up revenue numbers, his lies are epic. He even instructed Eisenberg to set up fake accounts to dump SPNG stock- read the PACER docs for Eisenberg.

Now Mosky gets to go to prison for it.