Sorry about the format. This article which mentions ICHG can be read at---->
sec.gov
Does everyone remember Foodvision and when it was spammed over 400 times here at SI? It was also done by these same guys that did NEIP and the other stocks mentioned in the following.
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SEC FILES NEW AND EXPANDED CHARGES AGAINST TWO DEFENDANTS IN NEI WEBWORLD
INTERNET STOCK MANIPULATION CASE; BOTH PLEAD GUILTY TO CRIMINAL CHARGES
The Commission today filed an amended complaint against two Southern
California residents detailing new and expanded civil fraud charges of
manipulating the prices of thinly-traded stocks by spreading false
information on Internet message boards. The SEC charges that
defendants Arash Aziz-Golshani and Hootan Melamed carried out an
Internet fraud scheme relating to the securities of several issuers, in
addition to the securities of NEI Webworld, Inc., the subject of the
SEC's original complaint filed in December 1999. In related criminal
proceedings, the United States Attorney's Office for the Central
District of California announced today that Aziz-Golshani and Melamed
have pled guilty to charges based on the same conduct alleged in the
SEC's original complaint.
The original complaint charged Aziz-Golshani, Melamed, and a third
defendant, Allen Derzakharian, with stock price manipulation in
violation of federal securities laws for disseminating fraudulent
statements on the Internet in November 1999 falsely claiming that NEI
Webworld, Inc. would be acquired, and trading to take advantage of that
fraudulent information. The amended complaint alleges that Aziz-
Golshani and Melamed engaged in similar fraudulent conduct with respect
to the securities of other issuers during the time period April 1999 to
October 1999. It alleges that Aziz-Golshani did so with respect to
eleven issuers: JustWebit.com, iChargeit, Inc., WorldTradeShow.com,
Inc., E*twoMedia.com, Inc., Encounter.com, Inc., Classified Online.com,
Virtual Games, Inc., Foodvision.com, Inc., YouTicket.com, Inc.,
Fashionmall.com, Inc., and Casino Pirata.com LTD; and that Melamed did
so with respect to JustWebit.com and Foodvision.com, Inc. It alleges
that Aziz-Golshani made illicit profits of approximately $321,000, in
addition to the $152,742 in illicit profits from his trading in NEI
Webworld, Inc., for a total of $473,742. It alleges that Melamed made
illicit profits of approximately $1928 in addition to the $211,250 in
illicit profits held in a joint account with Derzakharian from his
trading in NEI Webworld, Inc. A preliminary injunction and asset freeze
against the three defendants remains in effect. [SEC v. Aziz-Golshani,
et al., Case No. 99-13139 CBM, AJWx] (LR-16620) |
