Face Up Entertainment Group Inc (CE) (FUEG) News

FUEG: SEC Litigation:

http://www.sec.gov/litigation/litreleases/2014/lr23027.htm

Sadly... no.

Do we get our Money back?

Read all about it here:

http://www.sec.gov/litigation/complaints/2014/comp-pr2014-105-berkowitz.pdf

5. United States v. Jeffrey Berkowitz, Case No. 14-20342-CR-Scola

Jeffrey Berkowitz, 57, of Palm Beach County, a stock promoter, was charged by information with conspiracy to engage in a scheme to manipulate the publicly quoted share price and trading volume of Face Up Entertainment Group (FUEG) stock, in violation of Title 18, United States Code, Section 371. FUEG, a Florida corporation, is purported to be in the business of operating an internet gaming website.

http://www.justice.gov/usao/fls/PressReleases/140522-01.html

Guess it was Intake before it was Face Up.

Found this on google. Intake Communications Inc. (Public, OTCMKTS:FUEG)

What's going on with this? Noticed some activity yesterday.

Penny pumper gets his wee wee slapped in the fueg SCAM

http://www.securitieslawyer101.com/lance-berger-fueg/

http://www.securitieslawyer101.com/lance-berger-fueg/

Any insight to the trading today?

FUEG still owes me 800.00 and a cruise!

Are the thugs in jail now?

See sticky post #1563 above...

what happend with this stock?

Im sure all of you have read this already but I just found this tonight! BASTARDS bro.
http://www.vosizneias.com/127514/2013/04/04/new-york-7-arrested-in-pump-and-dump-penny-stocks-scheme

the suspension is over. by law they can only last for 10 market dats. there just haven't been any trades.

The FUEG suspension is supposed to be lifted 05/17/13. This has not happened yet and there is no news about the suspension being lifted.

with a dtc chill and matched trades only with no bid or ask, it may take awhile. days even.

still nothing

suspension ends at midnight tonight.

when does this pos start trading again

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/10/2013&mkt_ctg=ALL

Wow Glad I wasnt a promoter on this one. The SEC gonna look at all involved

FUEG banished to the dreaded Grey Markets.

Not so much....

Another Geoffrey Eiten Pump And Dump

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86493533

Manhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Charges Against Seven Individuals For Conspiring To Commit Securities Fraud And Extortion

FOR IMMEDIATE RELEASE

Thursday, April 4, 2013


Defendants’ “Pump and Dump” Scheme Targeted “Penny” Stocks

Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of charges against ALEXANDER GOLDSHMIDT, ALEX PUZAITZER, MICHAEL VAX, PAUL ORENA, YITZ GROSSMAN, EFIM AKSANOV, and STEVE KOIFMAN for their roles in a conspiracy to commit securities fraud and the extortion of a co-conspirator whom they believed owed them money and stock related to the scheme. Together, the defendants worked to fraudulently inflate the prices and trading volumes of publicly traded stock of small companies, also known as “penny stocks,” and then to sell shares of the stock at the fraudulently inflated prices to the investing public for a profit. GOLDSHMIDT, PUZAITZER, VAX, ORENA and GROSSMAN were arrested this morning in connection with today’s charges and were presented in Manhattan federal court before Magistrate Judge Kevin Nathaniel Fox this afternoon. EFIM AKSANOV and STEVE KOIFMAN were arrested in Florida and presented in federal court in the Southern District of Florida.

Manhattan U.S. Attorney Preet Bharara said: “As alleged, these defendants preyed on unsuspecting investors by manipulating the share price of a publicly traded stock in a classic ‘pump and dump’ scheme that they thought would reap big dividends. But when their pot of gold failed to materialize, they allegedly turned on a co-conspirator with threats and extortion, showing that their greed was strong enough to make them turn to violence.”

FBI Assistant Director-in-Charge George Venizelos said: “Pump and dump schemes depend on unwitting investors who are deceived by grossly inflated claims about the stocks they are induced to buy. One group of victims in this case was those defrauded investors. But this was not white collar crime in the traditional sense. Another victim was the co-conspirator who, as alleged, was repeatedly threatened by the defendants with grievous harm to him and his family.”

The following allegations are based on the Complaint unsealed today in Manhattan federal court:

From 2012 through March 27, 2013, GOLDSHMIDT, PUZAITZER, VAX, ORENA, GROSSMAN, AKSANOV, and KOIFMAN conspired to commit securities fraud. As part of their “pump and dump” scheme, various defendants acquired control of a large block of shares of Face Up Entertainment Group, Inc. (“FUEG”), and then inflated the stock price and trading volume of FUEG before selling, or “dumping,” those shares at inflated prices to unsuspecting traders for a profit. FUEG was a publicly traded company that was purportedly involved in the reality gaming social network market with its principal place of business located in Valley Stream, New York. As captured through judicially authorized wiretap interceptions, the defendants coordinated control over a significant portion of FUEG shares and then promoted the stock through the dissemination of false press releases sent over the Internet. In addition, the defendants coordinated trading of FUEG shares to create the impression of increased trading volume to make FUEG appear to be an attractive purchase for unsuspecting investors. However, the defendants were unable to reap a profit from trading FUEG stock timed to the promotions, and their scheme ultimately failed.

As a result of the failed promotion of FUEG stock, GOLDSHMIDT, PUZAITZER, VAX, ORENA, GROSSMAN, AKSANOV, and KOIFMAN conspired to extort one of their co-conspirators, referred to as “CC-1” in the Complaint. In the summer of 2012, AKSANOV, KOIFMAN, GOLDSHMIDT and PUZAITZER met with CC-1 in New York, New York, and demanded that CC-1 pay them $350,000 and return shares of FUEG, or AKSANOV would “put slugs into” CC-1’s chest. In several subsequent telephone calls and meetings, various defendants continued to demand that CC-1 repay them for their stake in the failed FUEG scheme, or they would harm CC-1. During a meeting on or about March 5, 2013, GOLDSHMIDT, PUZAITZER, ORENA and VAX met with CC-1 at a hotel in New York City and further threatened CC-1 and CC-1’s family if CC-1 did not comply with their demands.

* * *

GOLDSHMIDT, PUZAITZER, VAX, ORENA, GROSSMAN, AKSANOV, and KOIFMAN are each charged with one count of conspiracy to commit securities fraud, which carries a maximum penalty of five years in prison, and one count of conspiracy to commit extortion, which carries a maximum penalty of 20 years in prison.

Mr. Bharara praised the efforts of the FBI’s Eurasian Organized Crime Squad and thanked the FBI for its work on the case. Mr. Bharara also thanked the Securities and Exchange Commission for its assistance on the case.

The case is being prosecuted by the Office’s Organized Crime Unit. Assistant U.S. Attorneys Jennifer E. Burns and Jason A. Masimore are in charge of the prosecution.

The charges contained in the Complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

13-116

Ugly. From Nodummy -- FUEG - 7 arrested in connection with the FUEG pump&dump scheme

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86491633

Not halted ... suspended. Bird of a completely different feather

I think charts are useful on all stocks. It just that you can put a stop on large caps. Say for example you had a stop loss on Bear Sterns before she went south then you would have saved a huge amount back in the day. The only real problem with all charts across the board is how people read them. (15 minutes, hour, daily) then you have to take in account pennies being different (you are right in a way) because they are more thinly traded however I believe similar just bigger swings.

But yeah those that said (hmmm this is a p&d) I am going to short just a lil) are going to make out like bandits

Moral of the story do not marry any stock.

It is just sad that some may have bought into this thinking it could run just a bit further due to all these promo's...

Suspension terminating at 11:59 p.m. on April 17, 2013.

Should we rename that "Bullish Ascending Triangle" to something more accurate, like "The SEC Hammer of Death?" What other formations predict SEC suspensions?
Bullish Ascending Triangle forming..
Yet more proof that charts are useless in penny scam stocks - as if more was needed. Shameful.

Halted...uh oh.

actually might be. The Gov is cutting back so these guys want to be on the ball. I do not think we will see stuff fly for a year or two like before 2010. Heck we are seeing cases now coming about from 09 as well. These guys do not want to get their budgets cut. Good for investors good for them. win win.

it is very encouraging to see how quickly the sec responded. I hope it's a trend.

Yeah I am catching up on that now. Interesting stuff in the sec case.

what is sad is the effort that was made here yesterday. pathetic.

Sad....

how do you like the chatter now?

oops. run over.

FUEG suspended by the SEC

http://www.sec.gov/litigation/suspensions/2013/34-69293.pdf

http://www.sec.gov/litigation/suspensions/2013/34-69293-o.pdf

FUEG big chatter here

FUEG nice vol

FUEG seeing a strong close up here

FUEG nice bids

FUEG http://ih.advfn.com/p.php?pid=nmona&article=57007699&symbol=FUEG

FUEG looking for a strong close

FUEG - Matters discussed in this release may constitute forward-looking statements. The U.S. Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.