Search Results for: babikian

I usually ignore SEC insider-trading litigation so I managed to miss when Jay Fung was arrested for insider-trading on a takeover (specifically, the Gilead takeover of Pharmasset in 2011). This was a follow-up to SEC v. Kevin L. Dowd (3:13-cv-00494) and USA v. Kevin Dowd (3:13-cr-00636-AET), all in the US District Court for the District of … Continue reading “Stock Promoter litigation follow-up: Jay Fung in prison for Insider trading, more litigation for Anthony J. Thompson Jr.”

Motivation is everything. In the penny stock world, most participants’ motivation is plain: greed. The stock manipulators and promoters do what they do so they can get rich quickly. For the most part, their choices are risky and unethical but smart: only some of them pay the ultimate price of going to prison. Many end … Continue reading “Reconsidering George Sharp: An Enigmatic penny stock crusader”

I am a little slow to post this — these two separate cases were publicized last week. This looks like one more nail in the coffin of the biggest stock promotion scams. I have done little besides collect links to the best stories about the two different cases. Titan Securities / IPC Corporate Securities / … Continue reading “Feds indict a bunch of stock promoters”

Robert Kalfayan has been implicated in running Awesomepennystocks along with John Babikian. So far though the SEC has not sued him and until yesterday Canadian authorities had not gone after him either. But yesterday Jean-Francois Cloutier reported (article in French) that Revenue Québec had obtained a lien against a house owned by Kalfayan in the amount of … Continue reading “Revenue Québec obtains lien against Robert Kalfayan’s home in continuing fight against Awesomepennystocks”

With more and more mailer pumps getting suspended by the SEC and with AwesomePennyStocks’ mastermind John Babikian on the run, there are fewer big pump and dumps for me to blog about. The most effective remaining stock promoter is one that I have not yet blogged about: StickTips.com. Their last two pumps, AMMG and PGLO, … Continue reading “Last pump standing: Tiger Oil and Energy $TGRO”

Monday at the open PremiumStockReport.com (affiliated with Aweseomepennystocks.com) promoted Press Ventures Inc (PVEN). About 30 minutes later Pennystocks.com (also affiliated with APS) joined the promotion. Subscribers of PremiumStockReport.com were quickly met with 50%+ losses as the stock dropped hard, but Pennystocks.com subscribers didn’t receive the pump emails until after the initial dump. PVEN had been rumored … Continue reading “SEC Suspends trading in Pennystocks.com pump Press Ventures Inc $PVEN”