Well, lookie here. EVERYTHING nanosux and the principal of nanosux was one big horrendous lie. And almost 2 years to his first prison release date, Mr. principal, his wife, brother, bennie blankenship the disgraced corrupt stock promoter with his BIG company, plus 3 or 4 others mentioned but not named are back in front of the SEC. Most likely some people from ntgl may be in the lawsuit, or may have already rolled over on the nanosux principal.
Remember, by the time the SEC has published the wells notice, they have already been doing investigation of said party and believe they have a case to collect a worthwhile amount of ill gotten gains. The SEC does not assume.
It seems likely many people may get prison terms out of this and should. There's too much to post about it here, just go to the n-t-ek ihub board and catch up.
Few great posters start with to read are shajandr, Doccontango, dangfool and Meow who have been right from the start on nanosux.
Nanosux n-t-ek and n-tgl stock will, if history serves, be shut down in due time. Not soon enough, but will be shut down.
SECURITIES AND EXCHANGE ) COMMISSION, ) ) Plaintiff, ) ) v. ) Case No. ) RIVER NORTH EQUITY LLC, ) EDWARD M. LICEAGA, ) MICHAEL A. CHAVEZ, ) NANOTECH ENTERTAINMENT, INC., ) NANOTECH GAMING, INC., ) DAVID R. FOLEY, LISA L. FOLEY, ) JEFFREY A. FOLEY, and ) Jury Trial Demanded BENNIE L. BLANKENSHIP, ) ) Defendants, ) ) COMPLAINT Plaintiff, Securities and Exchange Commission (“the SEC”), alleges as follows: Nature of the Case 1. This case involves an illegal stock distribution and market manipulation scheme orchestrated by defendant David R. Foley, the founder of defendant NanoTech Entertainment, Inc. (“NTEK”) and defendant NanoTech Gaming, Inc. (“NTGL”). NTEK and NTGL are microcap or penny stock companies quoted on OTC Link, an electronic inter-dealer quotation system that displays price quotes from broker-dealers for many over-the-counter securities.
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