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janice shell

11/29/18 4:26 PM

#60809 RE: bubba412 #60808

Stuck with shares they may never be able to sell.

rbtree

11/29/18 4:39 PM

#60810 RE: bubba412 #60808

Regardless of any action which the SEC may take against this fraud (unlikely,imo), there is zero possibility for any monetary settlement for shareholders.

Janice, I do think shareholders of WELU received some compensation, though it was years later. https://investorshub.advfn.com/Wellness-Universe-Corporation-WELU-5092/
That was the first scam that I actively help bust, with scion.... early 2000. That guy was so bold, that when he was busted, the DOJ froze his bank accounts, which weren't small. I assume there have been a few other similar events. Know of any?