The SEC gets a bad rap. This is because they richly deserve it. For years they have concentrated on petty frauds at the expense of actually uncovering massive, systemically dangerous shenanigans, even when led directly to them. However, it would be rude to call them irredeemable. They do, after all, provide very entertaining copy on occasion:
The Securities and Exchange Commission has charged eight participants in a penny stock manipulation ring that allegedly pumped the market prices of at least four stocks and generated more than $6.2 million in illicit profits when they dumped shares on the market.
The SEC alleges that Pawel Dynkowski, who resided in Newark, Del., carried out the market manipulation schemes with others he met through a penny stock web site InvestorsHub.com, which is operated by Matthew Brown of Aliso Viejo, Calif.
We have to admit, we were somewhat bored reading these materials, until some details emerged. To wit:
The SEC alleges that Dynkowski personally saw to it that the manipulative trading was coordinated with misleading press releases from the company, and in some instances he wrote the press releases for Asia Global himself. According to the SEC’s complaint, Dynkowski instructed Brown on Aug. 24, 2006, to have Asia Global issue a press release hyping the company’s second quarter 2006 financial results and to “make it sound ENORMOUS.” On September 1, Asia Global issued a press release claiming that its profits for July 2006 were 745 percent greater than its profits for July 2005.
Or perhaps:
Furthermore, according to the SEC’s complaint, Asia Global issued a press release on Feb. 6, 2007, claiming that its subsidiary had just received a license to produce 104 episodes of “Who Wants to Be a Millionaire” in China.
We don’t know about the rest of you, but we sleep better at night knowing the SEC people are on the wall somewhere. Locked and loaded.
SEC Charges Eight Participants in Penny Stock Manipulation Ring [SEC.gov]
8190
-Dynkowski
TNX up almost 5%, dollar getting spanked, means it’s time to visit the local gold and ammo depot.
~the Muleskinner~
My poker face
my my my poker face
Annabel Vartanian
The Guy From Delaware is unmasked!
In a related note, Timmaaayy Sykes continues to operate unimpeded while he perplexes and utterly befuddles top SEC investigators by employing new and innovative diversionary tactics including:
Positioning his thumb between his fingers and proclaiming that he’s got someone’s nose….
…pointing at an investigator’s shirt while inquiring to the nature of a non-existient stain before flicking his target in the face…
…falsely noting that an investigator’s shoes are untied and then ditching him using the nearest stairwell
Ha. Everyone knew about that fraud. Because Asian anything does not equal Enormous. What investor didn’t know that?
And, just to let you know how utterly amateur hour these clowns were, this is their idea of a vacation:
http://wiffenproof.angelfire.com/ihub/mattsfunweekend.html
And, Just think these kids are still ripping people off: they can even steal your passwords and pump and dump.
search query: Nathan Michaud: Boston
Nathan Michaud
InvestorsLives, Inc., President
http://www.investorslive.com/
http://jamnbryan.elance.com/
Ongoing development of ExploreAnywhere’s computer monitoring software technologies. Software secretly records keystrokes, screen shots, chats, e-mails, and more. Products are offered in retail and have been reviewed an recommended by Consumer Guide, PC Magazine, Fortune, BBC World News and many more.
I am awestuck…thank you for the article, the photos were extra special. What a putz.
I am awestuck…thank you for the article, the photos were extra special. What a putz.
http://www.youtube.com/watch?v=pJ6N343B73U
http://www.youtube.com/watch?v=SjmKMwOPHZU
Matt Brown aka Shawn Houston
hang out….Jack Daniels
and coke
Final Inning the
9048 Sheridan Rd
Kenosha, WI 53143 Map
* (262) 694-7395
Tall, ugly guy, ugly tattoo
on left arm.