I don't think anybody will disagree with you that locksmith has little credibility, but it looks to me you just verified that vplm is a stock selling scam. Where is CSJ with his 8 hundred posts about how insiders can't deposit their shares because of chill. oh wait they die, but they couldn't sell during blackout, oh wait they did... Hahaha, this is just the first of many Finra finding to surface. IMO. Good work, I bookmarked, and will read more in more detail later.
The VPLMDeposit andLiquidations
184. As set forth above in greater detail, the following "red flags," which are indicative
ofillegal sales of securities and potentially suspicious activity, were present in the deposits and
sales ofthe unregistered shares ofVPLM stock:
a. Deposit of a substantial amount of a thinly traded, low-priced microcap
stock (over nine million shares) in physical certificate form soon after the
opening ofthe account;
37
b. Deposit ofrecently-issued share certificates from a company with little or
no assets or revenues;
C. Deposit and liquidation ofmost ofthe shares, and wiring ofthe proceeds
shortly thereafter;
d. Substantial amount ofproceeds generated from the sales (approximately
$1.4 million) within a short period oftime;
e. Prior name changes ofthe issuer?
f. Liquidations accounting for a large percentage ofthe stock's trading
volume;
g. Representation by VI that it had acquired the shares for investment
purposes only and not with a view for resale or distribution, coupled with
sale ofthe shares shortly after acquiring them;
h. VI's acquisition ofits shares from LSF, which was an affiliate of VPLM;
1. Possible connection ofMS individuals to the U.S.;
j. Identification of AG as a beneficial owner/control person for a number of
customers of CSCT, including as the President of VIi and
k. Documents reflecting that the VPLM shares were issued as a result of a
debt settlement that occurred less than one year prior to the liquidations.
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