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Posted On: 03/22/2024 5:08:03 PM
Post# of 7
Philip M. (The Scourge) VERGES
Recently, the Securities and Exchange Commission (SEC) filed a complaint against Philip Verges and others.
The complaint alleges that from June 2017 to June 2022, Verges and his accomplices orchestrated a scheme to pump and dump over $112 million worth of stock in certain penny stock companies.
The scheme involved heavily discounted shares in five penny stock companies: Alternet Systems, Inc. (ALYI), Priority Aviation, Inc. (PJET), Puration, Inc. (PURA), Vaycaychella, Inc. (VAYK), and WaterPure International, Inc. (WPUR).
The defendants, including Verges, received these discounted shares and then proceeded to sell them in the market, generating substantial trading proceeds.
In summary, Philip M. Verges has been involved in both entrepreneurial ventures and legal controversies. His impact spans technology, business, and the financial markets. However, recent legal actions have raised questions about his conduct and practices.
Glib-tongued in his pump and silence after the dump,
did he really think forever was gonna last.
Recently, the Securities and Exchange Commission (SEC) filed a complaint against Philip Verges and others.
The complaint alleges that from June 2017 to June 2022, Verges and his accomplices orchestrated a scheme to pump and dump over $112 million worth of stock in certain penny stock companies.
The scheme involved heavily discounted shares in five penny stock companies: Alternet Systems, Inc. (ALYI), Priority Aviation, Inc. (PJET), Puration, Inc. (PURA), Vaycaychella, Inc. (VAYK), and WaterPure International, Inc. (WPUR).
The defendants, including Verges, received these discounted shares and then proceeded to sell them in the market, generating substantial trading proceeds.
In summary, Philip M. Verges has been involved in both entrepreneurial ventures and legal controversies. His impact spans technology, business, and the financial markets. However, recent legal actions have raised questions about his conduct and practices.
Glib-tongued in his pump and silence after the dump,
did he really think forever was gonna last.
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