I'm not makin' it up, it's a fact written in bold & white, webbie. The feds have been aware of this since before August 1st 2005, which means they also saw MM's let it continue to trade out of control for the next month, and for two of those weeks, AFTER being warned by their bosses at the SEC, that the stock had a problem with availability of real shares.
I think if this were a "sham", as you're so quick to label it, Megas would've been in trouble a long time ago. This illegal activity by market insiders has been detected and very well documented, and I wouldn't be a bit surprised to see the SEC take at least an ass chewing before it's all said & done.
Maybe we'll even have some whistle blowing to make our party complete. Wouldn't that just be cooler than a cow's wet, dirty tail upside yer head?