Penny stock touts are very lucrative - make $40 million in one day!
*The* page to read about those pesky stock touts, currently about 75% of the junk faxes I get.
http://www.junkfax.org/fax/profiles/wsp/wsp.htm
I believe this is more of Steve Kirsch’s outstanding work, it is unbelievable how much research is compiled on this one page. I especially like all the pictures of the criminals involved.
“The focus is on the DOLLAR-VOLUME of the stock (i.e., the volume of stock multiplied by the price), not the price itself. This is because they get their shares for either “free” or nearly free so that the only thing that matters is how many shares they can move (dollar volume). For example, in CNDD they moved 5M shares at $8 in a single day. They “paid” 10 cents for those shares from CNDD (although in reality they probably didn’t pay a dime).
So they made $40M in a single day on August 11, 2004. Profit.
More than likely, it was also tax free (they aren’t worried about the IRS going after them...the IRS is too short staffed).
...”
The United States of Scammers and Crooks.
Interestingly, TWTN (Twister Networks) is mentioned a couple times on this page, I’d love to find out how they fit into this scam.
Comments:
*** Absolutely NO SPAM! A $50 handling and removal fee applies to each advertisement and occasionally I feature an advertised site as the scam it is.
Due to abuse, comments are moderated and are usually posted within a day. Registration is NOT required to post.
Only constructive comments are approved. I DELETE comments containing only dribble and a link to some commercial site.
This is NOT a graffiti wall and you may exercise your FREE SPEECH at YOUR site.
Contact info - credit reporting & scoring - legislative efforts