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Microcap & Penny Stocks : International Automated Systems -- Ignore unavailable to you. Want to Upgrade?


To: r laird who wrote (1577)3/15/2000 8:36:00 AM
From: Mikee Hughes  Read Replies (1) | Respond to of 7619
 
Is this the same IAUS mentioned here???

SEC Charges 41 People in 13 Actions Involving
More Than $25 Million in Microcap Fraud

Fight Against Microcap Fraud "Paying Dividends"

Washington, DC, September 24, 1998 ......

* A Utah company claimed to have developed a new data
transmission technology called "Digital Wave odulation," and the company's stock soared from $3.50 to more than $40 a share. Prices collapsed when the company failed to produce a promised prototype, but not before the company's chairman and his children sold approximately $3 million worth of their shares in this classic "pump and dump" scheme. (SEC v. International Automated Systems, Inc., et al.)