Posted On: 12/11/2012 8:47:44 PM
Post# of 43066
Nah, the SEC goes after bankrupt individuals and companies all the time.
The reason they didn't go after DOMK is because, in my guess, some self-annointed plastic guru experts bombarded them with "trust me" reports of massive fraud, and dazzled them with all kinds of intelligent-sounding leaps of logic such as "plastic pyrloysis oil is worthless" and "$650 per ton plastic" and "RKT has never heard if JBII" -- it was a great story of scam to go after and an easy win.
After a full investigation they came up with diddly squat, JBII turned out to be real, and a local office pissed away millions investigating a legitimate company. To justify all that wasted money, somebody had to be charged with something. Hence one of the most hair-splitting cases in SEC history. And hence no halt, no criminal proceedings, no jack squat that you often find with other OTC SEC cases.
And bashers are now on borrowed time. Aka life support.
JBII is their Waterloo just as TWB was TBG's Waterloo, and AMLJ was SteveF's Waterloo.
The reason they didn't go after DOMK is because, in my guess, some self-annointed plastic guru experts bombarded them with "trust me" reports of massive fraud, and dazzled them with all kinds of intelligent-sounding leaps of logic such as "plastic pyrloysis oil is worthless" and "$650 per ton plastic" and "RKT has never heard if JBII" -- it was a great story of scam to go after and an easy win.
After a full investigation they came up with diddly squat, JBII turned out to be real, and a local office pissed away millions investigating a legitimate company. To justify all that wasted money, somebody had to be charged with something. Hence one of the most hair-splitting cases in SEC history. And hence no halt, no criminal proceedings, no jack squat that you often find with other OTC SEC cases.
And bashers are now on borrowed time. Aka life support.
JBII is their Waterloo just as TWB was TBG's Waterloo, and AMLJ was SteveF's Waterloo.
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