Replies to post #346256 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[shajandr]

Enjoy the unicorn hunt.

[cowtown jay]

Another SPNG Administrative Proceeding...another $2.5 million.

"I expect to see dozens of Relief Defendants named as we go on."

https://www.sec.gov/litigation/admin/2016/33-10259.pdf

[cowtown jay]

I suspect that there was a third Administrative Proceeding in the SpongeTech case in October.

https://www.sec.gov/litigation/admin/2016/34-79113.pdf

Quite literally, this is Panama Papers stuff. Foreign banks arranging for Panamanian shell registrations.

Interesting. I seem to recall Judge Irizarry granting permission to travel in this regard.

I wonder if Mary Jo White is leaving the SEC 3 years early because she is fed up with the DOJ's refusal to enforce the law. Or maybe Trump wants her for something. US Attorney for the Eastern District of New York? That might work out pretty well.