Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
Four Canadians and five Americans have been charged with a litany of fraud-related crimes in an international penny stock scam bust.
The fraud schemes, massive “pump and dumps” of unproven start-up stocks, attracted tens of thousands of investors from 35 countries across the globe.
Over $120 million was originally raised and an additional $20 million extracted from the same victims on the promise of reclaimed losses.
Two of the Canadian suspects, Sandy Winick, 55, and Gregory Curry, 63, are still at large. Winick is believed to be in Thailand and Curry’s whereabouts is still unknown.
Winick is said to have “orchestrated” the scheme, running call centres across North America and Asia.
“Conspiracy to commit securities fraud, conspiracy to commit wire fraud, wire fraud, securities fraud and false personation of an officer of the United States,” are the charges laid against the nine North Americans.
2 Comments
Apple
Lets see long jail sentences, big fines and barred for life from trading. Lets clean up the industry
bunksclanhogs
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