FYI, in an unrelated matter to TTLN i thought some would find this piece interesting taken from an article by the stockdetective.com
it discusses the frauds conducted over the internet and on chat groups like silicon investor!!!!
Carlisle Communications, Sitra Enterprises and JAFLC Capital Management, along with
Jeffrey Brommer's Market $avvy also were named by the SEC for failing to properly disclose how
much Great White paid for their promotion services. In addition, Anita Carlisle and her company
were cited for selling off about one-third of the 1.5 million shares paid by Great White and depositing
most of the proceeds back into Great White's account. Carlisle allegedly sold the shares while she
was actively encouraging others to buy Great White stock, a practice called scalping.
Other people facing charges for violating SEC disclosure rules include Eugene B. Martineau, who
is accused of starting a discussion thread on Silicon Investor about a client's stock, and then
posting more than 60 messages urging people to buy or hold their shares. Martineau did not
disclose that he had a 24-month option to buy 5,000 shares at $1.50 per share.
David A. Wood also started a discussion thread online and used spam to get the word out to more
than 100,000 people about a client company. He also wrote "reports" about the company, which it
posted on its website. Wood did not disclose that the company had paid him $10,000 and 610,000
shares of stock for these services.
Finally, Stock Detective readers will recall Sloane Fitzgerald for its role in the Eventemp fiasco.
Eventemp's trading was halted in August and it has not resumed. Francis A. Tribble, who owns
Sloane Fitzgerald, is accused of touting Eventemp and JT's Restaurants, by spamming more than
six million unsolicited email accounts with reports that claimed to be independent stock analysis.
Tribble did not disclose that he had an interest in the stock's price increasing or that he would be
paid in cash by the companies he was promoting.
There were plenty of stock promoters already on The List who found themselves in the SEC's
spotlight last week. |
