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To: Pluvia who wrote (313)1/8/1999 12:01:00 AM
From: Pluvia  Respond to of 399
 
Pump & Dump Crack Down - Sound Familiar?

Thursday January 7, 8:15 pm Eastern Time
SEC sues four, continuing its microcap fraud fight
WASHINGTON, Jan 7 (Reuters) - The Securities and Exchange Commission Thursday sued four people who allegedly hawked thinly traded, or microcap, companies through a stock promoting firm without divulging that they were being paid to do so.

The defendants, Wayne Gorsek, Lyndell Parks, P. Brenden Gebben and Troy Justus, fraudulently promoted about 20 microcap companies between 1993 and 1997 in exchange for over $700,000 in cash and securities through Strategic Investment Advisory Inc, a stock promoter based in Springfield, Ill.

Gorsek, 31, was the former owner and president of the firm; Parks, 33, was the chief operating officer; Gebben, 29, was the lead analyst; and Justus, also 29, was a broker.

They allegedly deceived investors into thinking that Strategic Investment was an independent securities research firm that was providing objective investment advice about ''undiscovered'' companies, according to the SEC.

In fact, regulators said, Strategic Investment was merely a paid promotional firm that published ''glowingly optimistic'' recommendations of the securities of its clients in exchange for cash and securities.

In some instances, the firm quietly sold the securities it received from its microcap clients at the same time it was recommending that the public buy them, an illegal practice called ''scalping.''

The agency said it filed its complaint in U.S. District Court for the District of Columbia because the four allegedly touted the stocks through the Internet, mailings, scripted phone calls and faxes to people in the nation's capital.

None of the attorneys representing them immediately returned telephone calls seeking comment.

It is the latest chapter in the commission's continuing fight against microcap fraud, particularly when it is committed over the Internet.

Last October, the agency filed 23 enforcement actions against 44 people and companies for allegedly lying about more than 235 microcaps they touted online.



To: Pluvia who wrote (313)1/8/1999 4:46:00 AM
From: Aviator  Read Replies (1) | Respond to of 399
 
Fellow, you got your nerve calling anyone con man. Shorts, "deviate" from the facts, and the truth, "twist things around" and "try" and take the money from Investor's, who do their D'D. "PRINT THE FACTS."
BOY! THE THIS STOCK GOES UP OVER 3 POINTS IN ONE DAY, AND HERE COME SOME SHORTS TWISTING THE TRUTH AND THE FACTS! Notice I said, some shorts! Those of you "shorts" that are left will soon get burned. This company and it's stock are going up! up! and away! and the "REAL" Investor's will capitalize!

By the way, for the record. I am not affiliated with this company. I am just an Investor like a great many who are buying this stock for a return on my investment!
(and probably not very far off from now either!)

Boy! the shorts are starting to squirm now! This company has way too much going for it! As you can see with each run up on this stock it stablized at a higher! base of new investor's. Just 4 months ago this stock was stable at $12 then it was stable, at $16 now we had a lot of Investor's buying between the $18-&20 range. New Investor's, do your own DD, and read only the "facts" about this company in the last 5 months and you will see you have made a "wise" choice in Investing into this company! as I have, and many who have, already.

Investor's Good Luck with whatever, company you invest in.

Aviator"