Nevada Stock Promoter Admits Role In $33 Million Microcap Stock Manipulation Scheme


On September 2, 2016 U.S. Attorney Paul J. Fishman announced that Nathan Montgomery plead guilty in a $33,000,000 microcap stock manipulation scheme

According to court documents, Montgomery “participated in an extensive “pump-and-dump” scheme” that collectively generated approximately $33 million in illicit trading proceeds, of which Montgomery received approximately $20 million.

From 2008 through 2010, Montgomery and his accomplices manipulated the stock of four microcap public companies; BioNeutral Group Inc. (BONU), NXT Nutritionals Holdings Inc. (NXTH), Mesa Energy Holdings Inc. (MSEH), and Clear-Lite Holdings Inc. (CLRH). 

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