I see you mentioned GRNO here. Check this out...
Hot off the press...
SEC targets Green Oasis
Friday, July 3, 1998
By JOHN P. McDERMOTT
Of The Post and Courier staff
charleston.net./pub/news/bizpage/sec0703.htm
The Securities & Exchange Commission has sued Green Oasis environmental Inc., the company's president and two other individuals for fraud, alleging they profited by issuing false and misleading information about the Charleston-based oil recycler.
The lawsuit, filed in U.S. District Court in Charleston Wednesday, follows a 15-month investigation of Green Oasis by the SEC, which oversees publicly traded companies.
The agency alleged that William D. Carraway, Raymond C. "Bo" O'Brien and Ronald V. Reece pumped up the value of Green Oasis' stock starting in 1996 by touting the company through misleading press releases and Internet messages. During that period, O'Brien and Reece never told other investors about their relationships with Carraway's company, according to the lawsuit. "As a result of their efforts the price of Green Oasis had risen from less than $2 to nearly $10 per share," the SEC said.
--much deleted.Read the complete story for more information!
Riley G
PS. Are you a GRNO Limited Partner also? |
