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 Wysłany: Czw 11:37, 19 Maj 2011 Temat postu: Ed Hardy Outlet online National Lampoon CEO Charge |
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All of the schemes involved the manipulation of the prices of publicly traded stocks through the disbursement of kickbacks to folk performing as investors. The individuals purchased and held stock to create the phantom of market amuse, as a access to build interest with true investors. As true investors purchases stock based upon the artificially inflated trading volume, the stock amount additional.
Acting United States Attorney Laurie Magid, announced the canges in Phildelphia on December 14, 2008.
“The defendants in this circumstance engaged in mobilized and on-going schemes apt wield and artificially expand stock costs of publicly traded companies as their own fiscal behalf, said Janice K. Fedarcyk, Special Agent in Charge of the Philadelphia Division of the FBI. And in so act, they defrauded all of the legitimate market investors who bought and sold shares in these companies. The entire investment market suffers while individuals violate the legal and fiduciary believe of their positions.”
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Stocks Involved in Schemes National Lampoon, Inc. National Lampoon is a Los Angeles, California company mainly involved in medium projusts,[link widoczny dla zalogowanych], including trait films, TV programming and interactive distraction. National Lampoon owns the films Animal House and the Vacation series . National Lampoom alos operates a college TV web and humor website. The company is traded under the symbol NLN on the American Stock Exchange.Adavtech, Corp. Advatech is a enterprise in West Palm Beach, Florida, that describes itself as an early stage biotechnology company Advateck stock is publicly traded under the ticker symbol ADVA on Pink OTC Markets Inc.Swedish Vegas, Inc. Swedish Vegas, based in Arcadia, California, namely a Delaware Corporation that describes itself for creating a global brand name with a website, a line of micro-brewed beer and a restaurant/bar concept. The stated maneuver was to launch a sequence of themed eateries with an vast beer and brandy menu and reasonably priced luncheons, banquets and appetizers. Swedish Vegas was publicly traded beneath SWDV aboard the Pink Sheets.
National Lampoon CEO, Daniel Laikin, was charged with machination and securities fraud on December 14,[link widoczny dla zalogowanych], 2008. Laikin was charged forward with seven additional individuals as a result of a long term investigation that was coordinated with the FBI and the United States Securities Exchange Commission (SEC). According to the Federal Bureau f Investigation, the agencies found progressive stock manipulation schemes in the citizen securities marts.
Daniel Laiken, 46, of Los Angeles, CaliforniaDennis Barsky, 60, of Las Vegas, NevadaTim Dougherty,[link widoczny dla zalogowanych], 29, of Webster, New YorkEduardo Rodriguez, 49, of L
Most of the defendants who were charged had meaningful stock holdings and could have made millions of dollars on the schemes.
Investigator Statements
Defendants
“Protecting the integrity of our financial markets is a critical feature of federal decree enforcement, said Magid. These defendants entire sought to swindle the investing public via their manipulative behave at artificially inflating the stocks to make them seem extra invaluable than they were. These schemes were devised to corrupt the market and acquire massive profits for these defendants at the expense of the average investor.
According to the FBI website, charges were filed against the following defendants:
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