Replies to post #23525 on DD Support Board and Research Team

[samsamsamiam]

If most of those trades were wash trades starting out - it might take a bit longer to unload all that stock - wouldn't it?

And yes - I think those Panamanian's are the key here to this selling scheme. the question remains - will the SEC figure out how to trace those accounts?

http://online.wsj.com/article/SB10001424052970204553904577102690905539560.html


"In addition to false and misleading promotions, the SEC said the scheme's participants manipulated the trading of the company's stock using brokerage accounts in the name of offshore entities to make investor interest appear stronger than it actually was. The SEC says the group used the accounts of a series of Panamanian entities to manipulate the stock.

The agency is still pursuing litigation against stock promoters Pawel Dynkowski of Poland and Chad Smanjak of South Africa, who allegedly made about $4.2 million off the scheme that they deposited into Panamanian accounts the SEC couldn't trace. The two promoters couldn't immediately be reached for comment and the SEC said there are no known attorneys for them. Agency officials believe they aren't in the U.S."

[drwright68]

That doesnt surprise me as T&S had equal sells and buys the first day....clue 1 lol