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August 21, 2010

Ponch?

by Jeebs

Well I guess John (Larry Wilcox) is the one in trouble…  On October 7, 2010, the United States Securities and Exchange Commission sued Wilcox for stock fraud

In October 2010, Wilcox was accused of securities fraud by the SEC for manipulating the volume and price of penny stocks to illegally generate sales. On November 5, 2010, Wilcox plead guilty to securities fraud in Federal District Court in Florida. Authorities allege Wilcox tried to bribe undercover FBI agents thinking that they were pension fund managers. He faces up to five years in prison.

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