IMO, the SEC knows Dial was implicated in the GGI case. He had to have given them the unregistered shares they were convicted of illegally selling. Dial is part of a larger investigation. The SEC & FBI picked off GGI along the way.
Who knows. The $1.5 MM the SEC seized from GGI may make it's way back to investors. The Feds weren't damaged. We were.
There are whole host of security violations JD's committed. Despite the fact that he was trading on the pinksheet and had certain reporting exemption because Grifco's assets were valued below 10 million, he is not completely immune from SEC regulations and the Sarbanes-Oxley Act. There are regs that apply to ALL public companies. PCAOB, the organization that enforces Sarb-ox makes that very clear.
I just can not see why JD is still out there running around as a free man.
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