The real truth of the matter is that it is just another crony scam OTC stock manipulation ring running a group of shorters who manipulate sentiment on their forum out of Malta, Caymans, Italy, U.K. along with a few other locations. The talk is that investigators are closing in on the ring leaders and it will likely be shut down either this year or next. Just look at the history and it's quite clear what they are really all about, all the while the group of self-proclaimed saviors (really just common manipulators and thugs) fancies themselves as supporting the SEC in investigating the insiders and scamster CEOs on the OTC market. How embarrassing, how embarrassing.
"Matthew Brown, founder of Orange County stock board InvestorsHub.com,
pleaded guilty today to four counts of stock fraud and money
laundering
February 17th, 2010, 2:07 pm · posted by Ronald Campbell
Matthew Brown, founder of Orange County stock board InvestorsHub.com,
pleaded guilty today to four counts of stock fraud and money
laundering. He faces up to 20 years in prison and a $500,000 fine.
Brown entered his plea in U.S. District Court in Delaware.
Federal prosecutors charged Brown and six others with a pump-and-dump
scheme to hype five lightly traded stocks on InvestorsHub, drive up
the price and then sell. In his plea agreement, Brown admitted that
investors lost at least $1 million because of his scheme.
Prosecutors said Brown and the others arranged with help from insiders
to gain control of millions of shares in the target companies. Then
t hey spread glowing rumors on InvestorsHub and other stock boards,
prompting unwitting buyers to rush in. Then they sold.
A key figure in the case, Polish citizen Pawel Dynkowski, also known
as “Evo”, remains at large, Assistant U.S. Attorney Shannon Hanson
said. Another defendant, Gerard D’Amaro of Lighthouse Point., Fla., is
scheduled to change his plea from innocent to guilty on March 11,
Hanson said.
Since the original indictment of Brown, Dynkowski, D’Amaro and two
others last May, a federal grand jury indicted two more alleged
participants, Florian Ternes and Richard Bailey. They were insiders at
one of the target companies, GH3 International, and allegedly arranged
to provide 312 million shares for the scheme.
Read Brown’s plea agreement here. Read our May 2009 coverage of the
first indictments and Securities and Exchange Commission lawsuit here."
And other interesting reading ...
http://www.ripoffreport.com/r/Ihub/internet-S...SA-1071047
"Matthew Brown, founder of Orange County stock board InvestorsHub.com,
pleaded guilty today to four counts of stock fraud and money
laundering
February 17th, 2010, 2:07 pm · posted by Ronald Campbell
Matthew Brown, founder of Orange County stock board InvestorsHub.com,
pleaded guilty today to four counts of stock fraud and money
laundering. He faces up to 20 years in prison and a $500,000 fine.
Brown entered his plea in U.S. District Court in Delaware.
Federal prosecutors charged Brown and six others with a pump-and-dump
scheme to hype five lightly traded stocks on InvestorsHub, drive up
the price and then sell. In his plea agreement, Brown admitted that
investors lost at least $1 million because of his scheme.
Prosecutors said Brown and the others arranged with help from insiders
to gain control of millions of shares in the target companies. Then
t hey spread glowing rumors on InvestorsHub and other stock boards,
prompting unwitting buyers to rush in. Then they sold.
A key figure in the case, Polish citizen Pawel Dynkowski, also known
as “Evo”, remains at large, Assistant U.S. Attorney Shannon Hanson
said. Another defendant, Gerard D’Amaro of Lighthouse Point., Fla., is
scheduled to change his plea from innocent to guilty on March 11,
Hanson said.
Since the original indictment of Brown, Dynkowski, D’Amaro and two
others last May, a federal grand jury indicted two more alleged
participants, Florian Ternes and Richard Bailey. They were insiders at
one of the target companies, GH3 International, and allegedly arranged
to provide 312 million shares for the scheme.
Read Brown’s plea agreement here. Read our May 2009 coverage of the
first indictments and Securities and Exchange Commission lawsuit here."
And other interesting reading ...
http://www.ripoffreport.com/r/Ihub/internet-S...SA-1071047
