SEC Plaintiff
v.
Jerry S. Williams,
Monk's Den, LLC, and
First in Awareness, LLC,
Defendants
From at least early 2009 through at least the end of 2010, Jerry Williams, a stock promoter, and two legal entities he created and controlled, Monk’s Den and FIA, perpetrated an internet-based scalping scheme involving the stock of two companies, Cascadia Investments, Inc.
(“Cascadia”) and Green Oasis Environmental, Inc. (“Green Oasis”). Scalping is a type of fraud in which the owner of shares of a security recommends that security for investment and then immediately sells it at a profit upon the rise in market price which follows the recommendation.
Williams, who owned Cascadia and Green Oasis stocks, repeatedly recommended and instructed other investors to buy, hold and accumulate these stocks. As a rise in market price followed these repeated recommendations and instructions, Williams immediately sold his holdings at a profit, deceiving all of the investors and potential investors who had been told to buy and hold Cascadia and Green Oasis.
