THE ONGOING SAGA OF GAYLE ESSARY/INVESTRENDS PAST STOCK PROMOTION PACKETPORT
Message 21893782
PACKETPORT.com, Inc SPECULATIVE BUY Rating Sherry Grisewood, CFA $17,500 per annum.is available online at www.investrend.com.
Public Analysis & Review Announces Investment Opinion on PACKETPORT.com, Inc
Business Wire, Feb 16, 2000
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SEC target Durando denies wrongdoing
2006-01-18 15:18 ET - Street Wire
by Stockwatch Business Reporter
SEC pump-and-dump target Ronald Durando denies he did anything wrong. The U.S. Securities and Exchange Commission says Mr. Durando and California stock tout IP Equity Inc. made $8.5-million in a December, 1999, pump-and-dump of OTC Bulletin Board listing PacketPort.com Inc. (All figures are in U.S. dollars.)
Mr. Durando, in a general denial filed last week, denies the allegations and says the case is past the five-year limit in the statute of limitations.
The SEC filed the suit on Nov. 15, 2005. The pump-and-dump, according to the SEC, happened nearly six years earlier, in December, 1999.
The Starnet Communications tout
Mr. Durando's co-defendant, IP Equity, has not yet replied to the suit.
IP Equity is known in Vancouver for touting Starnet Communications International Inc., which was fined $4-million for running an illegal on-line gambling operation in 1999.
When the RCMP raided Starnet's Carrall Street office in August, 1999, IP Equity stood up tall and proud for the company and its president, Mark Dohlen. The stock tout opined that prosecutors were unlikely to charge Starnet. |
