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3 Jul

Hedgies Bruce Bernstein, Brian Daly & Richard Abbe accused of stock manipulation in XpresSpa: $XSPA

Richard Abbe of Iroquois Capital and Bruce Bernstein of Rockmore Capital are back in the hot seat. In a new lawsuit filed this week the hedge fund duo stand accused of recently manipulating the stock of an airport spa business called XpresSpa. Last week $XSPA caught the attention of day traders when it had a wild run up of near 160% percent closing on Wednesday at an all time high for the year. Then it dropped of a cliff the next morning and is still trading down. There are also accusation of … Continue

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18 Jun

SEC Pump & Dump Case leads to Barry Honig Banned from Penny Stocks

Microcap investor and promoter Barry C. Honig has agreed to be banned from the business of investing in and financing publicly traded small cap companies. On Monday June 17, 2019 the Securities and Exchange Commission asked U.S. District court Judge Ramos to approve a settlement with Honig and his investment fund GRQ Consultants. In September 2018 the regulator brought an enforcement lawsuit in the Southern District of New York against Honig for his role as the leader of a pump and dump … Continue

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7 Jun

New Emails show attorney Harvey Kesner aided Defrancesco in Questionable Cannabis stock Deal: $APHA $SOLCF

Just days after Canadian cannabis company Aphria announced it was paying an exorbitant price for undeveloped marijuana farms in Jamaica and South America from Scythian Biosciences an insider, Andy DeFrancesco, was using Barry Honig’s deal lawyer to move hidden shares within his family. I am reporting for Cannabis Law Report today that new emails written […]

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30 May

Andy Defrancesco sued for Securities Fraud for role in Aphria: $APHA

Cannabis financier and Sol Global chairman Andrew Defrancesco is front and center of a 90-page securities fraud lawsuit filed in New York federal court this week. Defrancesco, a resident of South Florida has been publicly fighting recent press reports and a short sale research paper both questioning the legality of his investments in multiple publicly […]

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24 May

Federal Judge Rules against XpresSpa Plaintiffs in Securities Fraud Lawsuit: $XSPA

UPDATE 6.27.19 – The hearing to determine if the temporary restraining order against Bruce Bernstein, Rockmore, and B3D LLC will remain is July 1st. 2019 at 3pm in the Southern District of New York federal court in front of Judge Stanton. The XpresSpa plaintiffs have also filed an appeal challenging Judge Stanton’s summary judgement decision. […]

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22 May

SEC admits Team Honig is under the criminal investigation I warned about in 2016

The Securities and Exchange Commission has now confirmed there is a parallel investigation into the Team of bad actors that work with Barry C. Honig in the microcap pump and dump ring he allegedly leads. I was first to report in the fall of 2016 that the San Francisco Dept. of Justice was investigating this […]

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14 May

Judge says Honig’s attorney Harvey Kesner can be Sued for Fraud and Malpractice : $MBVX

A California federal judge has ruled former Sichenzia Ross Ference LLP attorney Harvey Kesner can be sued for fraud in a malpractice suit filed by biopharma firm Mabvax. Mabvax says whiles attorney Kesner was working for them he didn’t disclose a conflict of interest in his role advising Barry Honig who was an investor in […]

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9 May

Court Filing Doesn’t show Barry Honig called off SEC settlement

Tuesday night a couple of CNBC reporters got followers of the Barry C. Honig pump and dump fraud case doing a double take after Scott Zamost, Ritika Shah and Jennifer Schlesinger reported Honig’s settlement deal for securities fraud with the Securities and Exchange Commission was off the table. The remaining defendants in the case had […]

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