Articles Posted in Penny Stock Fraud

Securities and Exchange Commission v. John G. Rizzo, Civil Action No. 13 CV 1801 MMA (BLM) (S.D. Cal. August 2, 2013) SEC Charges Penny Stock CEO in International Boiler Room Scheme The Securities and Exchange Commission recently announced charges against a penny stock company CEO in Boca Raton, Fla., for orchestrating an international boiler room…

Securities and Exchange Commission v. Cort Poyner and Mohammed Dolah, Civil Action No. 13 Civ. 4331 (SJ) (E.D.N.Y.) SEC Charges Stock Promoters with Market Manipulation The Securities and Exchange Commission recently announced that it filed a civil injunctive action against Cort Poyner (“Poyner”) and Mohammad Dolah (“Dolah”), alleging that they engaged in a fraudulent broker…

Securities and Exchange Commission v. Jorge Bravo, Jr., Civil Action No. 13-CV-5116 (PGG) (S.D.N.Y., July 23, 2013) SEC Charges Florida Resident with Unregistered Sales of Securities Recently, the Securities and Exchange Commission filed settled charges against Florida resident Jorge Bravo, Jr., for unlawful sales of millions of shares of a microcap company to the public…

SEC Charges San Diego-Based Promoter in Penny Stock Scheme The Securities and Exchange Commission recently charged a penny stock promoter in the San Diego area for fraudulently arranging the purchase of $2.5 million worth of shares in a penny stock company in an attempt to generate the false appearance of market interest and induce other…

Securities and Exchange Commission v. Laidlaw Energy Group, Inc. and Michael Bartoszek, Civil Action No. 13 Civ. 3837 (ALC) (S.D.N.Y.) SEC Charges Penny Stock Company and Ceo for Illegal Stock Offering and Insider Trading The Securities and Exchange Commission recently charged a microcap company that was ensnared in an SEC trading suspension proactively targeting questionable…

Final Judgments Entered against Richard Verdiramo and Vincent L. Verdiramo, Esq. The Securities and Exchange Commission recently announced that on April 29, 2013, the United States District Court for the Southern District of New York entered final judgments against Richard Verdiramo and Vincent L. Verdiramo, Esq., that require the defendants to pay full disgorgement and…

Securities and Exchange Commission v. Hunter, Civil Action No. 12-cv-3123 (S.D.N.Y.) BRITISH TWIN BROTHERS AGREE TO PAY $175,000 TO SETTLE MICROCAP PUMP-AND-DUMP CHARGES The Securities and Exchange Commission recently announced that brothers Alexander John Hunter and Thomas Edward Hunter, both of Great Britain, have agreed to settle the Commission’s pending civil action against them. The…

Securities and Exchange Commission v. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla) The Securities and Exchange Commission recently filed fraud charges against E-Monee.com, Inc. (“E-Monee”), its president, Estuardo Benavides (“Benavides”), and one of its directors and a licensed Florida attorney, Robert B. Cook (“Cook”), for offering shares in E-Monee to investors under…

Securities and Exchange Commission v. Carrillo Huettel LLP, Luis J. Carrillo, Wade D. Huettel, Gibraltar Global Securities, Warren Davis, John B. Kirk, Benjamin T. Kirk, Dylan L. Boyle, James K. Hinton Jr., Luniel de Beer, Joel P. Franklin, Pacific Blue Energy Corporation, Tradeshow Marketing Company Ltd., and Dr. Luis Carrillo, Civil Action No. 13 Civ.…

SEC Charges California-Based Lawyer with Issuing Fraudulent Legal Opinion Letters The Securities and Exchange Commission recently charged a California-based lawyer who has been fraudulently churning out baseless legal opinion letters for penny stocks through his website without researching and evaluating the individual stock offerings. Legal opinion letters are issued to transfer agents on behalf of…