SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : USXP . APAC . PKGP -- Ignore unavailable to you. Want to Upgrade?


To: DanDerr who wrote (2292)2/27/2014 8:17:23 AM
From: scion  Read Replies (1) | Respond to of 2347
 
Altomare schemed to artificially inflate the share price and trading volume of stock for a publicly traded company then known as Sunset Brands, Inc., according to officials. He agreed to pay a former business associate to purchase shares of Sunset Brands' stock to give the false impression that there was a public market for the stock.

His associate, however, was an informant for the FBI, according to the release. Unknowingly, his conversations about bolstering the fraudulent buying program were being recorded. In the meantime, Altomare released multiple press releases about how well his company was doing in an attempt to conceal the market manipulation scheme from regulatory authorities, officials said.



To: DanDerr who wrote (2292)2/27/2014 9:00:45 AM
From: scion  Read Replies (1) | Respond to of 2347
 
0:13-cr-60240-WPD USA v. Altomare - Date filed: 09/26/2013 - Date of last filing: 02/26/2014

02/26/2014 63 JURY VERDICT as to Richard Altomare (1) Guilty on Count 1,2-4 (ots) (Entered: 02/26/2014)

Doc 63 PDF file
scribd.com

That's light speed for a prosecution.