Replies to post #2476 on SEC Charges Eleven in Stock Manipulation Ring

[scion]

Playstar Corp.

58. The Playstar scheme occurred between October and December 2006 and generated approximately $1,180,294 in illicit profits. Defendant Gerard D'Amaro participated in this scheme with Dynkowski and served as the liaison with the CEO of Playstar. D'Amaro also provided the nominee accounts from which Dynkowski dumped Playstar shares provided by the company.

59. Starting on October 19,2006, Dynkowski and others began inflating the price of Playstar stock through manipulative trading, including using wash sales and matched orders accounting for millions ofshares in volume. This manipulative trading artificially inflated the company's stock price.

60. D'Amaro arranged with Playstar's CEO to have the company issue numerous touting or misleading press releases between November 8 and December 20, 2006, which coincided with Dynkowski's manipulative trading and helped further boost the price of the company's stock. Indeed, on November 10, 2006, Playstar used the same misleading NOBO press release tactic that Dynkowski had used days earlier for Asia Global and one month later for GH3. Playstar's NOBO press release misleadingly suggested that ''naked short selling" was responsible for an unexplained "large short position" in its stock. In reality, the alleged naked short selling was actually Dynkowski dumping the shares he had received from Playstar.

61. The scheme was successful at dramatically raising Playstar's stock price. On October 18, 2006, the day before Dynkowski and his associates began pumping the stock, it closed at halfa penny per share. By November 9, 2006, the stock closed at 12 cents per share, an increase of 2,300%.

62. Between October 18 and December 19,2006, P1aystar arranged for more than 39.6 million shares to be transferred to two accounts that D'Amaro set up at Spartan Securities in the names of Market Solutions and W.S. Trading, entities that D'Amaro owns. At the direction of the company, the transfer agent issued these shares without restrictive legend. These offers and sales of securities were unregistered and not subject to a valid exemption from registration.

63. Dynkowski and D'Amaro controlled the sales from these accounts at Spartan Securities. Although Dynkowski is not listed as an authorized trader on the accounts, he placed the majority of the orders for Playstar stock in the Market Solutions and W.S. Trading accounts. Dynkowski andD'Amaro sold the shares from Playstar in three waves, the first on October 19,23-27, and 31,2006, the second on November 15, 16, and 17,2006, and the third on December 11, 14, 15, 18 and 20,2006. In total, Dynkowski and D'Amaro sold more than 39.6 million shares ofPlaystar for a profit of $1,180,294. Dynkowski and D'Amaro divided the illicit gains from this scheme between themselves and Playstar or its representatives.

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SEC Complaint
http://sec.gov/litigation/complaints/2009/comp21053.pdf

[BullNBear52]

I think I should have stuck to RB. Note the date of this post.

By: nycnpbbkr
10 Aug 2007, 01:43 PM EDT
Rating: Rate this post: Msg. 24808 of 24895
(Reply to 24807 by elguapohefe)

Jump to msg. #
The money was coming from California on its way to Delaware. Evo or Pawel Dynkowski, 21, of Newark, Del., was arrested Feb. 10 on suspicion of laundering money as police recovered $109,642 in cash and five vehicles totaling $440,000 in value which are suspected of being purchased with laundered money and more search warrants were issued the following day,

The singing kid from Florida is/was Matt 9 fingered friend that drove him out here to Orange County 2 years ago. The Orange County Calif., connection is Matt who's house was raided as the "more search warrants were issued the following day".

I believe the Organized crime unit was involved because of the other names Matt's 9 fingered Florida resident sung lend the Texas Highway patrolman to believe it was a mob deal, hence the "money-laundering case is suspected to have ties to the Genovese crime family in New York". I don't know anything about that, I was told this is untrue. But then again, I was told some Skinhead was going to shoot me.

I believe the "U.S. Immigration and Customs Enforcement..." is involved because of the country they all traveled to together or because of the foreign nationalist involved

I believe the Texas Highway Patrol Division, San Angelo DPS Narcotics Service officer who intercepted $155,300 in cash on Feb. 8 wrongly believed he had a drug deal, then the information from Matt's singing friend seems to lend one to believe the authorities found this not to be a drug deal but .................. "Authorities have been investigating the case for about nine months, Luciano said. Police officials do not know how long the money scam has been going on, he said, but some estimate at least seven years. Luciano said authorities have not identified all the artificial companies involved in the operation. He said the companies have been posing as Internet-based businesses.Because most of the money laundering occurs through online trading, Luciano said, most people do not realize that they have been victims, and authorities do not know how many people have been victims of the fraud.Luciano said to avoid becoming a victim of a “pump and dump” stock market scam, research the companies in which you plan to invest, and do not do all the research online.If you suspect that you have invested in a fraudulent company, contact the U.S. Securities and Exchange Commission.

Funny, no it's really sad, I could revisit dozens of earlier sound bites I've posted about how this will all go down but I'm too busy with my puts to bother caring that so many who attacked me don't know what they don't know.

[serious business]

wow

[scion]

43. Matt Brown, Joseph Mangiapane, and Marc Riviello planned the Asia Global pump-and-dump scheme in August 2006 with a representative of Asia Global. They used Dynkowski, whom Brown knew from InvestorsHub.com, to conduct the manipulative trading.
[...]
49. While Dynkowski and Brown were selling shares from the nominee accounts, Dynkowski instructed Brown on August 24, 2006 to have Asia Global issue a press release hyping the company's second quarter 2006 financial results. Dynkowski told Brown to "make it sound good... like AAGH [Asia Global] announces record revenue net profits [sic]" and suggested that the press release state that the company's profits had increased by at least 300%. Dynkowski urged Brown to "make it sound ENORMOUS." On September 1,2006, two days after Dynkowski and Brown began selling the 7.75 million shares in the nominee accounts, Asia Global issued a press release claiming that its net income for the second quarter of 2006 had increased by 370% coJ,npared to its net income in the second quarter of2005 and that its profits for July 2006 were 745% greater than its profits for July 2005. Dynkowski timed his manipulative trading to coincide with the publication ofthis press release.
[...]
56. From February 2 through February 8, Dynkowski and Brown, through orders submitted to Mangiapane and Riviello, sold approximately 24.5 million shares held in the nominee accounts, making illicit profits of $1,233,707.

57. Brown, Dynkowski, Mangiapane, Michaud, Riviello, and Asia Global (or its representatives) divided the $4 million in illicit proceeds from the scheme.

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SEC Complaint
http://sec.gov/litigation/complaints/2009/comp21053.pdf