why would you want to buy something that is under investigation? The CEO was charged with fraud? The company is being charged with fraud and stock promoting?
II. DEFENDANTS 7. Schroepfer is SmokeFree’s president and CEO. He resides in Las Vegas, Nevada. 8. Fuentes is a stock promoter and resides in Dana Point, California. During the relevant time period, Fuentes promoted SmokeFree’s stock. -2- Case 0:11-cv-61454-XXXX Document 1 Entered on FLSD Docket 06/30/2011 Page 3 of 11 9. SmokeFree is a Nevada corporation with its principal place of business in Las Vegas, Nevada. It purports to be in the business of developing, manufacturing and marketing smoke-free and tobacco-free cigarettes. During the relevant time period, its common stock was quoted on OTC Link operated by OTC Markets Group, Inc. under the symbol “SFIO.” Its securities have never been registered with the Commission.