- Report: #1069088
Complaint Review: Matthew Brown - Internet
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Matthew Brown
Internet, USA
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Matthew Brown Criminal SCAMMER Internet
MATT BROWN SENTENCED TO PRISON!
Do not trust a website whos founder is doing Jail time for PUMP AND DUMP SCAMS!
"Judge Sue L. Robinson of the United States District Court for the District of
Delaware sentenced Matthew W. Brown, age 27, of Tustin, Calif. to four years in
prison, followed by three years of supervised release, and a fine of $50,000
following his guilty plea to two counts of conspiracy to commit securities fraud
and two counts of conspiracy to commit money laundering. Robinson further
ordered Brown to forfeit $4,798,138 to the United States and barred Brown from
working in the securities industry during his term of supervised release.
The federal charges against Brown and his co-conspirators were unsealed in May
2009 in Delaware.
According to the indictment and Brown's guilty plea, in 2006 and 2007 Brown and
his co-conspirators engaged in a scheme to manipulate the prices of publicly
traded stocks to create the illusion of market interest in those securities. The
goal was to fraudulently induce the investing public to purchase a stock based
on the artificial trading volume, and thus increase the price of the stock.
Brown and his co-conspirators then sold significant holdings in these stocks,
generating millions of dollars in proceeds."
Steer clear from IHUB and their bashers such as FIRELANE and the like!
