Tag Archives: Steven Dykes

SEC Charges ‘Penny Stock’ Operators With Defrauding Elderly Investors

Last week, the Securities and Exchange Commission charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product. The SEC’s complaint charges Joseph A. Rubbo and Angela Beckcom Rubbo Monaco with defrauding investors through offerings by their companies VIP TV LLC, VIP Television Inc., and The Spongebuddy LLC. Rubbo and Monaco are

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