Tag Archives: stock promoters

Court Enters Judgment Against Microcap Company and Two Promoters in Pump-And-Dump Scheme

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This week, The Securities and Exchange Commission has obtained final judgments against a microcap company and its two undisclosed promoters who were charged with running a $3.3 million microcap fraud. In September 2017, the SEC charged Jason McDiarmid, Kenneth George Cedric Telford, and Stop Sleep Go, Inc., formerly known as Interactive Multi-Media Auction Corp, with running a pump-and-dump scheme in

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FBI Undercover Work & SEC Trading Suspension Leads To Charges In Microcap Fraud Schemes

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Last week, the Securities and Exchange Commission charged a stock promoter and four others involved in an alleged series of microcap fraud schemes that were foiled by FBI undercover work and an SEC trading suspension. According to the SEC’s complaint filed in federal court in southern California on July 6, stock promoter Gannon Giguiere took control of a purported medical

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Court Enters $1 million Judgment Against Microcap Cannabis Company Executive

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The Securities and Exchange Commission announced that on April 30, the U.S. District Court for the District of Massachusetts entered a default judgment in an ongoing enforcement action against Christopher R. Esposito, the owner and Managing Director of Lionshare Ventures, LLC (Lionshare), in a case involving an alleged scheme to defraud investors by misappropriating investor funds and concealing the ownership

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