RCC Holdings, Inc. (“RCCH”): From September 2008 through January 2009, Gendarme acquired RCCH shares from the issuer. From September 2008 to June 2009, Gendarme sold more than 2.1 billion of these RCCH shares for more than $210,000.
Were does it say:
1- Naked Shorting 2- Gendarme issued his own shares
Keep in mind a lockdown is just a step away from RCCH ability to exsist according to Investopedia:
This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.