These guys belong behind bars.... Yet all they had to do was pay a fine? BS
Retail shareholders gave hard earned money to these crooks.... And now the money goes to the SEC.
Almost 9 million. They should give that money back to the shareholders who got scammed. Who's the bigger crook????
The SEC separately filed a complaint in federal court against Barton and Goode along with Matthew C. Briggs, Kenneth Manzo, and Justin Sindelman. The complaint alleges they participated in a pump-and-dump scheme that acquired shares of dormant shell companies supposedly in the dietary supplement business, falsely touted news and products stemming from those companies, and dumped the shares on the market for investors to purchase at inflated prices.
Without admitting or denying the allegations, Barton, Goode, and Briggs agreed to settle the charges and consented to court orders requiring them to pay disgorgement plus interest and penalties totaling more than $8.7 million. Manzo agreed to admit wrongdoing and pay more than $95,000 to settle the charges. The litigation continues against Sindelman.
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