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SEC charges iHub operator with P&D
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[QUOTE]Originally posted by wallymac: [QB] Is something wrong with my Math? Brown was only 17 when started IHUB? I read through quite a bit of the thread regarding this situation. Lot of BS posts to go through to get to the real discussion, I think there were over 1,500 posts within less than 24 hours of the thread starting. Matt Brown became the site Administrator after selling out to ADVFN. He was the Owner when this happened. The handles of the players was posted on that board the ring leader went by EVO. He was still at large as off Thursday night. I haven't had the time or will to sift through the board since Thursday. Whether Matt is guilty or not who knows but it doesn't look good from what I have read. In general, IHUB isn't policed near as well as Allstocks when it comes to pumpers. If you see a board with a lot posting and stock making a big move you are almost assured that some type of Pump and Dump is going on. Usually it doesn't have as much to do with the company being involved or a scam like this one was but more about seasoned "Traders" do what they can to feed the frenzy and get out with big profits. Of course, no matter what the case we all are responsible for deciding to enter a stock and doing our own DD. Too many people get caught up in the excitement and throw caution to the wind, get greedy and then look to blame anyone they can for their losses. The deck is stacked against the average investor and I blame the SEC for not addressing at all or when they do address it, It's years after the fact. I mean think about it, stocks like SLJB, CSHD and others are still trading. [/QB][/QUOTE]
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