Tag: penny stock fraud

ICO fraud
November 30, 2017 BY LeapRate Staff

Spongebuddy penny stock operators charged with multi-million dollar investor fraud

The U.S. Securities and Exchange Commission today charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product. The charges are part of the Miami Regional Office’s Recidivist Initiative which has thus far resulted in enforcement actions against 23 individuals, nine of whom also have been…

Read more