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janice shell

04/26/18 6:02 PM

#349370 RE: nobagger #349369

No, not really. It's quite simple. Issue unimaginable amounts of stock while promoting the company at the races. Collect tens of millions from your sales.

The same thing had been done with PCBM, but on a much smaller scale. Casavant wasn't exactly brilliant, but his idea to promote CMKX with NASCAR sponsorships was a stroke of genius. Inadvertent--I think he decided to do it simply because he liked going to the races, and thought it'd be even more fun if he were a sponsor--but a stroke of genius nonetheless.

Melvin said much later that after every race, hundreds and hundreds of complete newbies would call asking for information about the company.

mretgnol

04/26/18 6:53 PM

#349373 RE: nobagger #349369

More elaborate is that...

The DOJ found Edwards, Urban, and Turino created washed trades between each other to pump up the trading volume.

The mullets do not understand the wash trades though...