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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (1031151)	9/18/2017 5:09:14 PM
From: James Seagrove	1 Recommendation Recommended By isopatch Read Replies (1) \| Respond to of 1577183

I know a fellow that goes to the Cayman Islands a few times a year, he told me he has seen more Canadian politicians there than Ottawa. A common scam is dumping a few millions shares of a penny-stock in a trading-account you own via a limited company you own by way of a bearer bond. The penny stock gets run-up on some imaginary promotion, the usual suckers buy, you sell your $0.01 cent stock for $0.10, rinse and repeat... I recall one instance where they promoted to well over $3.00 US on some new technology. Not declaring profits means you are breaking your home jurisdiction tax laws. Typically people don't care because they're in bigger trouble for breaking insider-trading rules. The promotion over? Don't worry! You can short your own stock into oblivion because you have 10,000,000 options at $0.01 you can exercise to cover with.