scion
13 years ago
6. Dynkowski and James Meagher 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. Dynkowskiβs friend, Defendant Adam Rosengard, served as the nominee account holder who facilitated the dump of 13 million purportedly unrestricted shares of Xtreme Motorsports stock. After pumping the stock, Dynkowski sold the shares from Rosengardβs account generating illicit proceeds of $257,646.
7. The foregoing conduct violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (βSecurities Actβ) [15 U.S.C. §§ 77e(a), 77e(c) & 77q(a)], Sections 10(b) and 13(d) of the Securities Exchange Act of 1934 (βExchange Actβ) [15 U.S.C. §§ 78j(b) & 78m(d)], and Rules 10b-5, 13d-1 and 13d-2 thereunder [17 C.F.R. §§ 240.10b-5, 240.13d-1 & 240.13d-2].
8. The Commission seeks to have the Court enter judgments permanently enjoining Defendants from violating the securities laws, requiring the payment of disgorgement, plus prejudgment interest, and civil monetary penalties, and barring certain of the Defendants from participating in future penny stock offerings.
9. Each of the Defendants will continue to violate the securities laws unless permanently restrained and enjoined from doing so.
[...]
20. Defendant James Meagher is a resident of Raynam, Massachusetts. Meagher operates a penny stock website called shakerzandmoverz.com.
Doc 19-1
https://viewer.zoho.com/docs/qBI7c
Briboy
15 years ago
I have about 9 grand in this sucker, so for me
it's not time to give up on it, and at least
there is a bid/ask to it.
Some times you have to lose in order to win,
so in that respect, getting into penny stocks,
swing trading, etc. am glad I had to go thru
boot camp with the likes of EMOC and RSDS.
GLTY