This is not rocket science, but we need to see the big picture. Then the securities fraud becomes evident (even to SEC personnel).
1. Manipulation of a share price or volume:
- misleading press releases to pump the share price have allowed the heavy selling of shares of VGPR before the eventual crash of the share price to near zero and following R/S.
2. Insider trading
- only one man behind the company, Mr Molen, no employees paid, no project carried out, yet hundreds of millions of shares have been traded.
3. False or misleading SEC reports
- Mr Robert Chew has testified he was paid $7500 during the first quarter of 2010, yet Vega's Q1 report shows total costs of $2500.
4. Theft or misappropriation of funds or securities
- after closing the Butcher Poker site the money deposited by players was stolen.
The main point is that, when one 'rat' is found in the books of a company, more rats will emerge. This principle should be clear to SEC executives as it is the reason why investors are so easily scared (look at the recent finance crisis).