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Pastimes : Investment Chat Board Lawsuits

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To: StockDung who wrote (9648)	6/18/2006 8:18:02 PM
From: scion	of 12465

Another success for the Truthseeker! Well done. Floyd Schneider, a New Jersey mortgage broker and investigator of penny-stock scams, said he was a repeated target of Armstrong's attacks because he criticized the finances and business models of firms Armstrong supported. "[Armstrong] was among the nastiest and ugliest stock touts from that era," said Schneider. "The stocks he touted were dogs and rigged, so it makes sense that he had a deal with promoters." Oops! Armstrong denied to The Post that he did anything wrong and said the SEC made a mistake in charging him. "This was a long time ago and I settled the case without admitting or denying guilt, and I paid no fine," said Armstrong, who refused to comment further. Armstrong signed off on a settlement of the charges on Dec. 16, 2003, barring him from touting securities. In addition, Armstrong agreed never to deny any of the SEC charges. It was not immediately known if his statement to The Post denying guilt would violate the settlement agreement. So many aliases too - siliconinvestor.com

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