posted
you and me boo, you and me... and maybe cottonjim. I wouldnt sell just because it would have cost me more in commissions than it was worth. I will just put it in the pile with my other worthless stock. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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where did you guys here that Jim Plant was arrested?
The news brief was definitely negative but ended on a positive note. Seems the company is still viable and pursuing growth, jmo. Im gonna hold my million shares and see what happens
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Posted by: Arrow335 In reply to: abbam who wrote msg# 71854 Date:3/16/2007 9:16:11 AM Post #of 71957
Yep: Mug Shot and all.
PLANT, JAMES EDWARD Birth Date: 06/01/68 Address : 2525 E 2860 S CIR, St George, UT Arrest Time/Date Arrested By Agency 14:15:58 03/13/07 Haynie, Greg FBI
Statute Offense Class Court Required Bond Amt.Paid HOLD HOLD-JUDGE ORDER 3F USDC 0.00 [No Payments
posted
ugh...this is sickening to watch. I'm still sort of new to pinks/greys. Anyone taking legal action against the company? Anyone know if they might reorganize with old shares counted worthless or stop trading altogether? There may be a silver lining here though....
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hey, that link doesnt contain his ugly mug!
Anyone wana form a good vigilante mob and take the law into our own hands like Charles Bronson? That would be a lot quicker (and cheaper) than hiring lawyers, etc.
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I cannot stress this enough guys. I have even paid for a month of membership, just so i can work on bringing ALL of us this information. This is the case summery against our CEO. I would appreciate if this info makes it to the IBox.
JAMES PLANT (1) Office: Philadelphia Filed: 03/12/2007 County: Philadelphia Terminated: Reopened: Other Court Case: None
Complaint Citation: Offense Level: 4 KNOWINGLY AND WILLFULLY, AND WITH INTENT TO DEFRAUD, DIRECTLY AND INDIRECTLY, IN CONNECTION WITH THE PURCHASE AND SALE OF CYBERKEY SOLUTIONS INC. STOCK, DID THE FOLLOWING: (1) EMPLOYED A SCHEME TO DEFRAUD; (2) MADE UNTRUE STATEMENTS OF MATERIAL FACT AND OMITTED TO STATE MATERIAL FACTS NECESSARY TO MAKE THE STATEMENTS MADE, IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH THEY WERE MADE, NOT MISLEADING; AND (3) ENGAGED IN ACTS, PRACTICES AND COURSES OF BUSINESS THAT OPERATED AS A FRAUD AND DECEIT, ALL IN VIOLATION OF TITLE 15:78j(b), 78ff Def Custody Status:
Defendant: JAMES PLANT Plaintiff: USA
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He is now listed among the CEO's that I need to travel around the country and meet personnally. Once my pmcl ship comes in I will be able travel and not only enjoy the scenery of the US but also...well ya know. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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I bought 300K of this crap over the last couple of days for dirt cheap prices . Its probably a waste of money but you never know . I have sell orders in for 200% gains .
AS for CEO's getting theirs , one can only hope the FBI will do the same to others deserving it as well.
-------------------- ----- Game Over -----
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Amen source. I have an order in at .0003 but they wont fill it. lol. Most stocks get the ole dead cat bounce but this one may be the exception. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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The press release made him sound innocent? Seems like lies on top of lies. Don't know what to believe anymore. Might as well hang onto this one. After losing 95% theres really no point in selling, jmo.
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I had a buy in at several different prices but it would only buy at .0004. The sell will go through but the money managers pick and choose which sales will go through
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SEC Charges Cyberkey and CEO James Plant for Promoting Stock Offering with Phony Homeland Security Deal FOR IMMEDIATE RELEASE 2007-47 Washington, D.C., March 20, 2007 — The Securities and Exchange Commission today announced a civil injunctive action alleging that a Utah-based corporation and its Chief Executive Officer made at least $1.5 million selling shares to investors while disseminating false claims of a lucrative purchase order from the Department of Homeland Security (DHS).
In its complaint, filed today in the United States District Court for the Eastern District of Pennsylvania, the Commission alleged that Cyberkey Solutions, Inc. of St. George, Utah, and its CEO James E. Plant, between November 2005 and the present, have engaged in an ongoing unregistered offering of Cyberkey shares, promoted with a series of false press releases describing a putative purchase order worth in excess of $24 million from DHS to buy Cyberkey’s flash memory drives. In fact, the Commission’s complaint alleges, Cyberkey had no business relationship at all with DHS. Additionally, according to the complaint, Cyberkey and Plant made other false statements to unsuspecting investors, including statements claiming Cyberkey had shipped products to DHS and received payments pursuant to the phony purchase order, and that Cyberkey was in the process of preparing and releasing audited financials.
Linda Chatman Thomsen, the Director of the Commission’s Enforcement Division, said, "The perpetrators of this scheme carried out an extensive fraud and even went so far as to make false claims about the Department of Homeland Security – an Agency whose mission is critical to all Americans. Our response to this kind of conduct will always be swift and firm."
Commission Enforcement Division Associate Director Cheryl Scarboro noted, “CyberKey and its CEO orchestrated an intense fraud campaign that clearly duped investors – in the three months leading up to the first of CyberKey’s alleged multiple false press releases, CyberKey trading volume was just over 550,000 shares per day – but once the scheme began, daily trading volume swelled dramatically to between 10 million and 80 million shares per day.”
The Commission’s complaint further alleges, that, as a result of their scheme, the defendants violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks as relief permanent injunctions against future violations of these provisions by the defendants, and disgorgement of all the defendants’ ill-gotten gains, including prejudgment interest and civil penalties.
In a related criminal action, Plant was arrested on March 13, 2006, in St. George, Utah, by agents of the Federal Bureau of Investigation’s Philadelphia Economic Crimes Squad on charges of securities fraud and aiding and abetting securities fraud.
The Commission acknowledges the assistance and cooperation of the Federal Bureau of Investigation, the Office of the United States Attorney for the Eastern District of Pennsylvania and the National Association of Securities Dealers in the investigation of this matter.
Contact:
John Reed Stark Chief, SEC Office of Internet Enforcement and Counselor to the Director (202) 551-4892 Starkj*sec.gov
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