Yes FBI, SEC investigated etc.. but there is more to the story ... IMO ... 2 years after the fact WTH are they really that slow ? we will see what happens with this mess with CWRN, hope Bob fixes it or if he really did what is accused towards him then the company will "logically" be handed oaver to Sharon.
the production is REAl, the Equipment is Real, BAO Steel is REAL, The IRON is REAL ... yes before one says "the Investigation is also Real" but the case did'nt even start yet if he's accused of what is stated or he was simply setup? we all know in mexico the corruption is not uncommon with all the CARTEL's like everyone suggested here or what we see in the media.
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Some interesting points - the "sting" program (involving Cotton), according to the press releases, occurred in March 2010, yet they say they didn't even start the program until 9 months later!
" first announced in December 2010 and designed to combat securities and investment fraud and protect the interests of the investing public .
“The fraud from these stock market manipulation schemes could have defrauded numerous innocent investors out of millions of dollars. Because the FBI and our partners were able to disrupt these schemes early on through our undercover operations, the investing public was protected ,”
So, if the fraudulent activity occurred In March and the authorities didn't act until now, AND the perp was allowed to continue his fraudulent activity during that time, then the gov'ment should be held liable for dereliction of duty and forced to cover the losses of those investors who were allowed to be deceived due to their inaction . Of course, this is the same administration who refuses to prosecute perpetrators of voter intimidation, refuses to enforce immigration laws, refuses to uphold the Defense of Marriage Act, etc., so I guess dereliction of duty, which under normal circumstances could be an impeachable offense, is the modes operandi under this administration!
yup i agree with you why did it take the GVNT 2 years later to ACT ? investors beeing deceived all this time and now they are forced to take their losses and they claim they protected US.. LMAO !!! what a joke,
it took me at most 3-5 days to investigate & discover there was a FAKE BUYOUT OFFER !!! maybe i caught one of their own setups in early 2011 ? since they claim the STING program started in Dec 2010 ? that would be funny
> Fake Buyout Offer Info Scrutinized (posted by maxshocker)
-News March 2011 CWRN: Shareholders at Option on $0.15 Buyout Tender
http://www.bloomberg.com/apps/news?pid=newsar...lQQoklhXSE
Please NO "i Told You So's" it's disrespectfull towards current investors .. THANKS
$CWRN
