Unfortunately the SEC can't shut the company or its trading down permanently even if they continue with fraudulent press releases. However, after a suspension the caveat emptor grey market status takes it toll and virtually all previously suspended companies eventually stop trading altogether.
The insiders are at risk for future litigation against them personally. The reason they may have stopped releasing fraudulent information is to not make the cases against them even worse. They now know without a doubt that they are under SEC scrutiny.
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