Some big bucks involved, but pale in comparison to what was floating around on in 1999/2000 when the message boards-including SI- were completely unbridled.
Back then, Amr Elgindy was SI's big draw, protected by SI to this day, and eventual convicted felon. There's a pattern
Look at the BS below. A request was made from the warden??? AP shit a request out through the sewer pipe? Seems someone in prison would have more pressing concerns. a@p_moderator made a joint request?
As if there was a lengthy board meeting discussing the account standing, hours of review of the official "requirements for reassignment of moderator" as defined in Vol. 21, Sec. 12, paragraph 4 of the guidebook, and weeks of deliberation prior to final approval but not before a three day cooling off period.
It was one clown with a beer and a laptop who added an alias to his website
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Moderated By: a@p_moderator -- (Moderated) -- Started: 6/20/2003 8:48:49 PM Revision History
12/05/04 - Anthony Elgindy has requested that moderation of this thread be reassigned to the user known as a@p_moderator and a@p_moderator has requested the same. Since both accounts are currently in good standing and meet the requirements for reassignment of moderator, their request has been approved and made effective.
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SUMMARy OF CASE
1. This case is about a ring of serial penny stock manipulators. In 2006 and
2007, Defendant Pawel Dynkowski engaged in fraudulent pump-and-dump schemes with
at least four separate stocks: GH3 International, Inc. ("GH3"), Asia Global Holdings,
Inc. ("Asia Global"), Playstar Corp. ("Playstar"), and Xtreme Motorsports ofCalifornia,
Inc. ("Xtreme Motorsports"). Each ofthe other Defendants in this case participated in
one or more ofthese frauds. The fraudulent proceeds from these schemes totaled more
than $6.2 million.
2. The pump-and-dump schemes generally followed the same pattern.
Defendant Pawel Dynkowski and his accomplices agreed to sell large blocks of shares for
penny stock companies (or "issuers") in exchange for a portion ofthe proceeds. The
issuers put these shares in nominee accounts that Dynkowski controlled. Dynkowski and
his accomplices then pumped the market price ofthe stocks through wash sales, matched
orders, and other manipulative trading, to give the market the false impression that there
was real demand for these securities. They often timed this manipulative trading to
coincide with false, misleading, and touting press releases from the issuers, which
Dynkowski at times prepared himself. After artificially inflating the price ofthe stocks,
Dynkowski and his accomplices then sold the shares they obtained from the issuers to the
unsuspecting market. Dynkowski, his accomplices, and the issuers shared the illicit
profits.
3. The GH3 pump-and-dump scheme occurred between October and
December 2006. Dynkowski orchestrated this fraud with Defendant Matthew Brown,
who operates a penny stock website called InvestorsHub.com. Brown introduced
Dynkowski to a representative ofGH3, and to Defendant Jake Canceli, a penny stock
promoter who participated in the scheme. Brown acted as a liaison between Dynkowski,
Canceli, and the issuer. Dynkowski and his associates used wash sales, matched orders,
and other manipulative trading, timed to coincide with false, misleading, and touting
press releases by the company, to artificially inflate the price ofGH3 stock. Canceli
provided the accounts from which Dynkowski subsequently sold purportedly unrestricted
shares received from the issuer. The scheme culminated in mid-December 2006, with
Dynkowski dumping 312 million shares ofGH3 stock for total proceeds of $747,609.
4. Brown planned the Asia Global pump-and-dump scheme with Defendants
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Joseph Mangiapane and Marc Riviello, who were both registered representatives at a
small broker-dealer in California. Dynkowski and Defendant Nathan Michaud, who met
through InvestorsHub.com, pumped the price ofthe stock using wash sales, matched
orders, and other manipulative trading, coordinated with false, misleading, and touting
press releases by the company. The scheme occurred in three cycles: August-September
2006, November-December 2006, and January-February 2007. After manipulating the
price ofthe stock, Dynkowski, Brown, Mangiapane, and Riviello dumped more than 54
million shares that had been improperly registered on SEC Form S-8 and held in nominee
accounts. The illicit proceeds from this scheme totaled at least $4,050,529.
5. Dynkowski and Defendant Gerard D'Amaro carried out the Playstar
pump-and-dump scheme. The two ofthem met through InvestorsHub.com. D'Amaro
acted as the liaison with the issuer as well as the nominee account holder for the
purportedly unrestricted shares received from the company. In this scheme, which
occurred during October and December 2006, Dynkowski pumped Playstar's stock
through wash sales, matched orders, and other manipulative trading. After artificially
manipulating the market, Dynkowski and D'Amaro sold 11.5 million shares they
received from the issuer for total illicit proceeds of $1,180,294.
6. Dynkowski and Accomplice No. 1 ("ANI") carried out the Xtreme
Motorsports pump-and-dump scheme. The two of them, who met through
InvestorsHub.com, pumped Xtreme Motorsports stock through wash sales, matched
orders, and other manipulative trading during January and February 2007. Dynkowski's
friend, Defendant Adam Rosengard, served as the nominee account holder who
facilitated the dump of 13 million purportedly unrestricted shares ofXtreme Motorsports
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stock. After pumping the stock, Dynkowski sold the shares from Rosengard's account
generating illicit proceeds of $257,646. |
