Replies to post #363409 on Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

LMFAO!

14. New significant software client in Austin, Texas. Geographic growth in US.

15. Strategic Alliance is win #12, with 1ovmany provides change management and organization design consulting to optimize internal companies with DC external digital marketing to increase ROI for all parties.- Sadly business closed

16. Representation for DC in Irvine, CA. in April 2024

REALLY POO!!

The recent financials PLAINLY SHOW that there is NO MORE INCOME being taken from ANY US client. Since this "Austin" client is in the United States? Is it STILL your intent to continue to "ballyhoo" about this "Austin client"???? Is it REALLY your contention to suggest that this Austin client still EVEN EXISTS as a Digital Clarity client??? I think you are WRONG to keep thinking so!! The 10Q for the 3rd quarter comes out in 15 DAYS. We'll see then, eh?

"Sadly, business closed". Yes. The FACT of the matter is that this '1 OVMANY" business has CLOSED ITS DOORS. It is GONE, KAPUT. It was showcased by DBMM and closed its doors THREE MONTHS after DBMM mentioned its "partnership" with them! What a record! DBMM becomes involved and it DROVE this "1 ovmany" company RIGHT OUT OF BUSINESS!

Come OFF IT Poo! We all know EXACTLY what this FARCE of a "representation" in Irvine CA actually IS. It is the all-but-defunct business of Darren Hughes called "Embrace interactive". He is the ONLY employee of it. Here's the post I made when I EXPOSED this "representation" in Irvine CA:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174863908

Here's what DBMM said about Darren:

“Digital Clarity’s growth objective in the US is driven by its commitment to forming strategic partnerships. We recently announced our first partnership with Darren Hughes, a former Google executive and marketing veteran. For the sake of transparency and education, we are sharing this information to help shareholders, investors, and stakeholders understand our complex business model in manageable segments.”

Darren is supposedly working for Digital Clarity as their "Head of Business Development". Although, I don't know if he actually STILL works there now. Somehow I doubt it, as Digital Clarity only states having THREE employees now. One is Reggie, one is this Rachael Mepham and I believe the other is another woman, hired as some sort of souped-up pro who was going to help sell Digital Clarity's AI dreams. So, I think probably that little Darren got shoved out the door.

Anyways - In 2011, Darren apparently founded a company called "Embrace Interactive, Inc.", based in Irvine. Embrace has a website listed but it cannot be reached. I tried, unsuccessfully. In 2017, Darren apparently also took the position of "Marketing Director" with a company called "Buzzworthy Studios" in New York. He apparently still has this position (listed as such on the internet at any rate).

Come OFF it Poo. THIS is the wonderful "representation" in Irvine! A talking head who works for three companies, whose company that he founded cannot be located on any website? And why call a relationship with an employee a "partnership"??? He's an employee, correct?? Why in the world would you call an employee a "partner"??? If he even IS an employee of DC anymore!

Poo, you are really something. You keep putting out fires with gasoline! Stop putting out all these canned statements. There's an answer which exposes EACH ONE OF THEM!

[fung_derf]

Hey, I live close to Austin. Give me the name of this "significant client" and I'll go visit.
Maybe I can snap a picture of them handing Linda a big check....or maybe a nice pick of Reggie eating at Franklins!

[Stock_Barber]

Is Pump and Dump Illegal? Legal Risks and Consequences Explained

Published Feb 12, 2025
Pump and dump schemes, a type of securities fraud involving the artificial inflation of stock prices followed by a rapid sell-off, pose significant risks to investors and market integrity. These schemes exploit unsuspecting investors, leading to financial losses and eroding trust in financial markets.

This article examines the legal framework, regulatory oversight, liabilities, and enforcement measures tied to pump and dump activities.

Legal Standing as Securities Fraud
Pump and dump schemes are classified as securities fraud under U.S. law, primarily governed by the Securities Act of 1933 and the Securities Exchange Act of 1934. These laws aim to protect investors by ensuring transparency and fairness in the securities markets. Section 10(b) of the 1934 Act, along with Rule 10b-5, prohibits acts of fraud or deceit in connection with the purchase or sale of securities. This framework is designed to combat manipulative practices that distort market prices and mislead investors.

The Sarbanes-Oxley Act of 2002 strengthens penalties for securities fraud, including pump and dump schemes. Enacted after major corporate scandals, it enhances corporate accountability and financial disclosures. Under Sarbanes-Oxley, individuals convicted of such fraud can face fines of up to $5 million and imprisonment for up to 20 years.

State securities laws, often referred to as “Blue Sky Laws,” also regulate securities fraud. These laws, which vary by state, typically mandate the registration of securities offerings and the licensing of brokers and advisors. Violations can result in both civil and criminal penalties. For example, the New York Martin Act gives the state attorney general broad powers to investigate and prosecute securities fraud without requiring proof of intent to defraud.

Role of Regulatory Bodies
Regulatory bodies play a critical role in maintaining market integrity and combating pump and dump schemes. The U.S. Securities and Exchange Commission (SEC) oversees securities markets and enforces compliance with securities laws. Its Division of Enforcement investigates violations, including pump and dump schemes, using advanced data analytics and market surveillance tools to detect suspicious trading patterns. Painting the close every day, for example?

The SEC has increasingly focused on digital platforms, where pump and dump schemes have become more prevalent due to their ability to reach large audiences quickly. The agency’s Office of Internet Enforcement monitors forums, social media, and other online platforms for fraudulent promotions. For example, the SEC has targeted cryptocurrency-related pump and dump schemes, reflecting its adaptation to changing market dynamics. It also issues investor alerts to educate the public about the risks of such schemes.

In addition to the SEC, the Financial Industry Regulatory Authority (FINRA) oversees broker-dealers and enforces industry rules. FINRA conducts routine examinations of brokerage firms, penalizes non-compliance, and provides a platform for investors to report suspicious activities, facilitating swift action against fraud.

Civil and Criminal Liabilities
Engaging in pump and dump schemes exposes individuals and entities to both civil and criminal liabilities. Civil lawsuits, often filed by defrauded investors, seek restitution for financial losses. Plaintiffs must demonstrate that the perpetrator’s actions directly caused their losses. Successful cases can result in monetary awards, including compensatory and punitive damages.

Criminal liabilities involve prosecution by federal authorities, which can lead to severe consequences such as fines, asset forfeiture, and imprisonment. The Department of Justice (DOJ) collaborates with regulatory bodies to build cases using evidence like trading records, communications, and financial transactions. Convictions can result in permanent bans from the securities industry and long-term reputational harm.

Civil and criminal proceedings often intersect. A criminal conviction can strengthen a civil lawsuit by establishing wrongdoing, while settlements in civil cases may occasionally include agreements to forego further criminal charges, though this is rare in significant fraud cases.

Enforcement Measures
Enforcement measures against pump and dump schemes aim to protect investors and uphold market integrity. Regulatory agencies use advanced technology to monitor markets, identify anomalies, and detect manipulative trading practices. Data analytics platforms process large volumes of financial data to uncover suspicious patterns indicative of fraud.

Collaboration between regulatory bodies and law enforcement enhances enforcement efforts. Joint task forces combine expertise and resources to conduct thorough investigations. Given the international nature of some pump and dump schemes, these collaborations often extend across borders, involving foreign regulators and law enforcement. Such coordinated efforts are essential in addressing complex, transnational fraud cases.


https://accountinginsights.org/is-pump-and-dump-illegal-legal-risks-and-consequences-explained/