Conservative Political Forum

General Category => Political Discussion and Debate => Topic started by: Solar on February 21, 2011, 06:08:23 AM

Title: SEC Charges Seven in Global Warming Pump-and-Dump Scheme
Post by: Solar on February 21, 2011, 06:08:23 AM
OK, will someone tell me how this is any different from what Al Gorbachev was doing with his Carbon Credit scheme?

The SEC alleges that the group included stock promoters, traders, and a lawyer who wrote a fraudulent opinion letter. The scheme resulted in more than $7 million in illicit profits from sales of stock in CO2 Tech Ltd. at artificially inflated prices. Despite touting impressive business relationships and anti-global warming technology innovations, CO2 Tech did not have any significant assets or operations. The company was purportedly based in London, and its stock prices were quoted in the Pink Sheets.
http://www.sec.gov/news/press/2011/2011-46.htm
Title: Re: SEC Charges Seven in Global Warming Pump-and-Dump Scheme
Post by: Cryptic Bert on February 21, 2011, 06:22:44 AM
Just like the tech bubble of the 90's...
Title: Re: SEC Charges Seven in Global Warming Pump-and-Dump Scheme
Post by: taxed on February 21, 2011, 07:45:15 AM
I knew you could make money in green tech...
Title: Re: SEC Charges Seven in Global Warming Pump-and-Dump Scheme
Post by: Solar on February 21, 2011, 10:37:05 AM
Quote from: Wallington Minge on February 21, 2011, 06:22:44 AM
Just like the tech bubble of the 90's...
Apparently some greedy liberals didn't like the competition.
Title: Re: SEC Charges Seven in Global Warming Pump-and-Dump Scheme
Post by: Solar on February 21, 2011, 10:49:36 AM
Quote from: taxed on February 21, 2011, 07:45:15 AM
I knew you could make money in green tech...

Only if you clear it through the gov, so they get their cut.
This is such a scam in the first place.
But the irony of busting these guys for doing what the socialists are already doing, and getting busted for it is the height hypocrisy.