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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (113500)7/22/2011 8:37:04 PM
From: the_worm06   of 122087
 
ha!

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Burris also said Muddy Waters is going to investigate whatever can be gleaned from the fake press release itself. The faux document, which the libel complaint quotes in its entirety, says Block "carried out the market manipulation schemes with others he met through a stock web site, which is operated by Matthew Brown of Aliso Viejo, Calif. Block, Brown, and other participants in the schemes often timed the manipulative trading to coincide with the false and misleading press releases issued by Muddy Waters." The fake release claims the SEC lodged charges in Delaware federal court.
Here's the weird thing: A Californian named Matthew Brown, who once ran a penny stock website called InvestorsHub, really was charged in Delaware civil and criminal stock manipulation cases. (Here's the 2009 SEC complaint; the case was stayed for criminal proceedings.) According to the docket in the criminal case against him, Brown pled guilty to four fraud-related counts in February 2010 and was sentenced in May to four years in prison. I called Brown's lawyer, Delaware solo John Garey, to ask about his possible ties to Muddy Waters but didn't hear back.
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