There was an issuer suspended and eventually revoked last year when the CEO and the issuers promoters were converting debentures and wiring funds to Lebanon to the tune of $6.8 million. There were indictments and arrests. When the news surfaced, many were speculating that the issuer was a money laundering scheme to unknown groups causing certain thoughts and words to be used. Why is that?
If you engage in a scheme to defraud investors and wire funds to where there is no real border, have Syrian conflict, and a known poppy fields for heroin trade, is it not safe to assume that the entity and persons involved may be supporting or sponsoring t activity?
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