Menu
8 Jan

U.S. Government charges Andy Defrancesco with Securities Fraud

Andy Defrancesco at a Pot Farm

This story has been updated Canadian small cap financier Andy Defrancesco has been accused by the U.S. stock market regulator of securities fraud for his role in leading a pump and dump scheme of Cool Holdings ($AWSM). The SEC filed its complaint in the Southern District of New York on Friday, January 6 and also named his ex-wife Catherine Defrancesco and his long time executive assistant Nikola Faukovic for aiding him in secret payoffs for stock promotions and using nominee accounts to hide … Continue

No Comments
30 Dec

Convicted fraudster A.J. Discala makes Hail-Mary move to stay out of Jail for 11.5 years

This story had been updated: A.J. Discala finally reported to prison on May 2, 2022 at a minimum security facility. Oringinal Text 12-30-21 Convicted penny stock schemer A.J. Discala is making a last ditch effort to not report to prison for 11.5 years by asking the court to allow him to stay out on bail while he appeals his securities fraud case. Discala was convicted 3.5 years ago on eight felony counts of securities fraud and conspiracy, along with being accused of obstruction of justice, … Continue

4 Comments
11 May

Barry Honig promoter Jeff Auerbach gets Three Months Jail in stock Kickback Scheme

A New York City based stock promoter and investor relations executive, Jeff Auerbach, was given a lite prison sentence for his role in bribing stock brokers to put their main street clients into microcap stocks to prop up the price of a stock. Auerbach chose to report early to Otisville, NY prison in March for […]

Continue
1 Comment
7 May

Barry Honig settles Securities Fraud lawsuit with Eloxx Pharmaceutics investor: $ELOX

Barry Honig has agreed to settle the Eloxx securities fraud suit and drop his counterclaim against a fellow high net worth investor John Winfield. This signals Honig or the company agreed to pay up on the stock he allegedly help cheat Winfield out of. Winfield was asking for as much as $2 million for his […]

Continue
No Comments
29 Jan

Judge Rules SEC can’t sue MGT CEO for whatever they want in Honig Pump & Dump case: $MGTI

A New York federal judge threw out the Securities and Exchange Commission’s additional claims of MGT’s CEO, Robert Ladd, using his father’s stock trading account to benefit himself unbeknownst to MGT Capital Investment shareholders. But it’s not all rosy for the Bitcoin CEO because Judge Ramos ruled on January 27th that the SEC’s claims of […]

Continue
No Comments
30 Dec

Judge says Team Honig could’ve acted with Scienter in $RIOT Securities Fraud lawsuit

Shareholders in a bitcoin company called RIOT Blockchain scored a win last week when New Jersey judge, Zahid Quraishi, ruled Barry Honig & his cohorts can be added back as named defendants in the securities fraud suit filed in New Jersey federal court. Previously the federal court had dismissed without prejudice defendant Honig, Andy Defrancesco’s […]

Continue
No Comments
5 Nov

Laidlaw & Co. Lawyer Warned of Sanctions in Black Stockbroker Employment Retaliation lawsuit

An attorney for Laidlaw & Co was warned he could be sanctioned by SDNY’s Judge Woods today in an employment relationation lawsuit involving an African American stockbroker, George Calhoun, who sued the New York-based broker dealer for racial discrimination and having to work in a hostile environment. The attorney, Christopher Milazzo, of CMP LLP, and […]

Continue
No Comments
22 Oct

Barry Honig allegedly set up Undisclosed promotion in Majesco to influence Stock price: $PTE

In September 2015 Barry Honig arranged for a stock list promotor to write favorable analysis on a company called Majesco ($COOL) and distribute it to thousands of main street investors, according to people interviewed by this reporter and familiar with the transaction. To allegedly get around SEC disclosure rules Honig promised to pay the promoter […]

Continue
1 Comment
Next Page »