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RagingBull
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Fed crackdown on spam scam






The feds cracked down yesterday on 35 little-known companies whose stocks have been pumped up by spam e-mails, suspending trading.

The Securities and Exchange Commission's Operation Spamalot targeted the companies – including one profiled in a recent investigation by the Daily News' Your Money section – because of potentially fraudulent spam campaigns touting their stock.

"By suspending trading ... we are eliminating the market for these spammers and promoters whose Internet boiler rooms deceive and defraud the public," said Bruce Karpati, regional director for the SEC's New York office.

An estimated 100 million e-mails per week are sent out regarding the stocks, which don't trade on exchanges. Messages such as "Ready to Explode," "Ride the Bull" and "Fast Money" can spark dramatic spikes in trading and stock prices before the spamming stops and investors lose their money, the SEC said.

The suspensions will remain in effect through March 21.

Karpati said it was unclear what role, if any, the companies had in the spam campaigns.

One of the companies whose trading was suspended, Goldmark Industries, saw its share price quadruple to 38 cents just after Christmas on the strength of a spam campaign. But, as Your Money reported in January, the price quickly fell back to its previous range.

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
RagingBull
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Anybody got a list of these companies?

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Repoman75
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Finally... my inbox will be clear.

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Stick with Repo's plan in '07 - FRPT/DKAM!

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bullpicks6
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yea, look up the pr on the spam scams, and they have the list in there
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RagingBull
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what pr? where?

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a huge fortune will arrive to you once again!

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PCola77
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RB, check the under .10 board. There weer like 5 threads about it yesterday.
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RagingBull
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i cant find it would it hurt if somebody just posted them on this thread lol

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a huge fortune will arrive to you once again!

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PCola77
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Sorry, was moved to General Investing board:

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/9/ t/001958.html

The companies suspended are as follows:
Advanced Powerline Technologies Inc. (APWL)
America Asia Petroleum Corp. (AAPM)
Amerossi Int’l Group, Inc. (AMSN)
Apparel Manufacturing Associates, Inc. (APPM)
Asgard Holdings Inc. (AGHG)
Biogenerics Ltd. (BIGN)
China Gold Corp. (CGDC)
CTR Investments & Consulting, Inc. (CIVX)
DC Brands International, Inc. (DCBI)
Equal Trading, Inc. (EQTD)
Equitable Mining Corp. (EQBM)
Espion International, Inc. (EPLJ)
Goldmark Industries, Inc. (GDKI)
GroFeed Inc. (GFDI)
Healtheuniverse, Inc. (HLUN)
Interlink Global Corp. (ILKG)
Investigative Services Agencies, Inc. (IVAY)
iPackets International, Inc. (IPKL)
Koko Petroleum Inc. (KKPT)
Leatt Corporation (LEAT)
LOM Logistics, Inc. (LOMJ)
Modern Energy Corp. (MODR)
National Healthcare Logistics, Inc. (NHLG)
Presidents Financial Corp. (PZFC)
Red Truck Entertainment Inc. (RTRK)
Relay Capital Corp. (RLYC)
Rodedawg International Industries, Inc. (RWGI)
Rouchon Industries, Inc. (RCHN)
Software Effective Solutions Corp. (SFWJ)
Solucorp Industries Ltd. (SLUP)
Sports-stuff.com Inc. (SSUF)
UBA Technology, Inc. (UBTG)
Wataire Industries Inc. (WTAF)
WayPoint Biomedical Holdings, Inc. (WYPH)
Wineco Productions Inc. (WNCP)

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RagingBull
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thanx , to bad the SEC doesnt do anything about naked shorts and MM manipulation

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RagingBull
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out of those 35 stocks i bet 90% o fthem are going to fly aftre the 21st i will keep them on my radar
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PCola77
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Rb, I wouldn't be so sure. I am pretty sure that all of the companies will default to the grey sheets unless they have their fiancials in order and are able to get a market maker to stick their neck out for them to get quoted back on the pinks.
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JimSC
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quote:
Originally posted by RagingBull:
out of those 35 stocks i bet 90% o fthem are going to fly aftre the 21st i will keep them on my radar

I will be watching because they are all
under valued and people are pumping.

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glassman
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quote:
Originally posted by RagingBull:
thanx , to bad the SEC doesnt do anything about naked shorts and MM manipulation

my guess is the MM's may be the ones that actually reported all of these. just guessing

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Stefan
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Here's the official PR on the SEC website.

http://www.sec.gov/news/press/2007/2007-34.htm

I hope they follow the paper trail and lock these guys up. They somehow got their hands on the email addresses of all TD Ameritrade customers and spam them endlessly with these pink sheet pumps.

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