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maximus_art

08/12/14 4:04 AM

#8804 RE: 1manband #8803

Didn't know 2+2=8..Fraud is Fraud... I don't think the SEC is shy about calling something fraudulent. But when did reading between the lines instead of taking something word for word become the new norm? Calling something a fraud has a connotation that goes with it and is sorta like something being a fact. It can be tested, verified and proved.. No one cannot test, verify or prove that FSPM is a fraud or perpetrated a fraud or engaged in fraudulent practices without an investigation. The FBI is investigating FSPM now and we aren't even clear if that is for fraud or what. No one knows and everyone is just guessing at best. But as far as the FSPM suspension goes, anyone with a third grade education can see that having a "lack of current or accurate information" doesn't rise to the level of "fraud".

And BTW the definition of fraud is

fraud
frôd/
noun
wrongful or criminal deception intended to result in financial or personal gain.


So throwing around the term "fraud" without having proof is akin to being a "false witness" or "falsely accusing" someone without any proof. The SEC sent FSPM to the greys for not having current or accurate info on their financials like they said in their release, not for the made up definition but the real definition of fraud that someone at FSPM was using "criminal deception intended to result in financial or personal gain."

I mean really? Let the chips fall where they may... Why does fraud have to be added, when it is clearly not mentioned in the complaint or reason for suspension?... If the SEC wanted to use the word fraud then I'm sure they have a category that says we suspended XYZC stock for fraud...