Replies to post #319520 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[alien42]

Acacia Investors, LLC

search this board for 'Acacia' and there are zero results yet read that court document and...

"Acacia was one of the largest beneficiaries of Spongetech's distribution of shares."

"During July and August 2009, Acacia received 90,000,000 shares of SPNG stock from RME... Brokerage records show that Acacia sold 60,000,000 shares into the public market in July for $6,613,248.97 and sold 30,000,000 iin August for $3,375,000. Shortly after its sales of SPNG shares, Acacia deposited $4,832,250 by wire transfer directly to RME bank account in July 2009, and $3,375,000 in August 2009."

keep reading the doc and it is clear that anyone willing to launder money for M&M received significant compensation. i hope all these scumbags go down.

[underdog150]

The bank account of SPNG show the P&D in real time.
Unfreakingbelievable!!
Deposits are first, debits are next, and ending balance is third.
Apr 08 $323,914 $291,201 $78,646
May 08 $705,317 $425,125 $358,838
June 08 $737,493 $918,810 $177,522
July 08 $232,310 $388,521 $21,311
Aug 08 $1,126,309 $932,069 $215,551
Sept 08 $618,739 $872,203 $25,087
Oct 08 $240,065 $237,419 $27,732
Nov 08 $279,872 $298,388 $9,190
Dec 08 $502,038 $476,629 $34,600
Jan 09 $572,997 $603,089 $4,483
Feb 09 $382,868 $367,818 $19,508
Mar 09 $397,672 $426,626 $(9,469)
Apr 09 $1,415,725 $1,364,827 $41,403
May 09 $1,616,504 $1,444,729 $213,193
Jun 09 $2,224,933 $2,245,897 $192,228
Jul 09 $9,174,923 $8,457,289 $909,286
Aug 09 $4,510,108 $3,788,898 $1,631,056
Sept 09 $2,458,758 $3,756,808 $333,005