Gendarme Capital Corporation and 2 executives were charged with carrying out an illegal stock distribution scheme; a Greenwich, NY lawyer allegedly issued false legal opinion letters. The SEC alleges that Gendarme repeatedly acquired deeply discounted shares from penny stock issuers under the pretense of a long-term investment and then dumped the shares into the market, […]
ORDER MAKING FINDINGS AND REVOKING REGISTRATIONS BY DEFAULT In the Matter of: CAPE SYSTEMS GROUP, INC., CARIBBEAN CIGAR COMPANY, CASUAL MALE CORP.CELL POWER TECHNOLOGIES, INC., CELLMETRIX, INC. (f/k/a BCAM INTERNATIONAL, INC.), CELLULAR PRODUCTS, INC. (n/k/a 872 MAIN STREET CORP.), CEPTOR CORP.,CGS SCIENTIFIC CORP., and CIPRICO, INC. II. FINDINGS OF FACT Cape Systems Group, Inc. (CIK […]
Saga continues (see our previous post: Remember Rapid Fitness, Inc.? Tri Star Holdings? or even Amore TV, Inc?) Washington, D.C., Oct. 7, 2010 — The Securities and Exchange Commission today charged more than a dozen penny stock promoters and their companies with securities fraud for their roles in various illicit kickback schemes to manipulate the volume […]
Well, to make the long story short: Presenting Macada Holding, Inc (OTC: MCDA) & its famous CEO, Mr. Mellone Jr., the master of the “stock price inflations” on bogus promises: ‘CHiPs’ star busted for alleged penny stock scheme The Securities and Exchange Commission has slapped former “CHiPs” star Larry Wilcox with fraud charges for his […]
