Replies to post #8099 on SEC Charges Eleven in Stock Manipulation Ring

[scion]

20. Defendant Adam S. Rosengard is a resident of Voorhees, New Jersey. Rosengard was a student at the University of Delaware during the relevant time period.

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

XTMS - $80,000 cash - 3rd party - Adam Rosengard - Feb/Mar 07

A student with $80,000 in cash to hand over for a penny stock promotion? A student of what?

[d indian]

Concerning ROSENGARD being A 3rd party. $80,000.00 sure is a lot of money for FEBRUARY, seeing as how the ''dump'' by ROSENGARD was february 7th. Reads like he paid long term, for ''real'' short term results, on that ''promotion'' thing. Sure had to write and promote in a hurry to help the 3rd party benefactor. Why would ROSENGARD pay for MARCH, or even the last 3 weeks of FEBRUARY , he already sold his shares FEBRUARY 7TH, as listed in the indictment. Someone stated ROSENGARD was 21 years old back then, sure seems like a lot of money to spread around for a kid. Very odd. Indian

[MikeLeaff]

Shorts,

This is from the indictment:

"On or about January 19, 2007, $80,000 in cash was withdrawn by M.R. from Westmark's Bank of America account xxxxxx-2508."
http://tinyurl.com/n9t6nz

Then, this is from shakerzzz's IRP disclaimer:

"XTMS - $80,000 cash - 3rd party - Adam Rosengard - Feb/Mar 07"
http://investorshub.advfn.com/boards/IRPHistory.aspx?userid=54291&id=486

That item was left on the disclaimer for nearly two full years, with no mention of nonpayment (even though a more recent project did get classified as "never got compensated").

Of course, it could be just a coincidence that $80,000 was withdrawn right before $80,000 was paid.