The SEC would take it off the market and wipe out ALL the shareholders suddenly one day, if you showed them some fraud. If get that far, they will not be punished hardly at all, and will still be loose in society. Class action and maybe everybody can get 50 cents after the legal.
Check out MDNT, which then became FONU, pure fraud, makes PSID look like a choirboy, well nothing became of the SEC investigation.