Replies to post #13206 on Pharmagen Inc (PHRX)

[samsamsamiam]

"obviously APS also gets paid by those people."

Given those are accounts set up in Panama using nominee officers - I wouldn't necessarily exclude Eric van Nguyen from being one of those "people".

Tony Papa used Panama accounts for his schemes - and I do believe given the relationship between Tony Papa and Eric - Eric might have learned a thing or two.

An a couple of other IHUBBER Promoters also used Panama for their trading "activities":

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."

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Now lets see if the SEC is any smarter tracing those Panama accounts this time around.

[cyberbullymouse]

Excellent work as usual.

Unfortunately, I think you just inspired a bunch of Eric Van wannabe lunkheads with visions of ill-gotten riches :)