Fraud can result in prison time, you did know that right???
Fraudulently claiming an uplist, claiming the exchange phoned him to congratulate him, etc. ... pumping the stock and all the while all that did was help Gendarme DUMP the shares that Gene had just sold them in a series of tranches to avoid the threshold limits???
And the SEC clearly stated that Gendarme purchased in excess of 2.1 Billion shares. jmo
Come on, you are too smart to buy into that fallacy.
Or maybe, he didn't sell that many. Fuel for thought.
The SEC made the unambiguous claim in their complaint that Gendarme purchased and sold at least 2.1 billion shares of RCCH stock. No matter how Vernon (in his various aliases) tries to spin that fact, it is the foundation of the SEC complaint against Gendarme. It is impossible to obtain false unrestricted share certificates from the transfer agent without obtaining the shares legitimately first. If Gendarme had NOT bought that many shares (regardless of how many they eventually sold) they could have the entire complaint thrown out on that single technicality. In their response they would only have to say they didn't buy that many shares from RCCH and if the SEC couldn't prove they did the case would collapse.
The complaint is quite specifically about the way that Gendarme convinced the transfer agent to release those shares without restrictions. The number of shares purchased is not contested by either side. It is a fact.
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