New York Longshoremen Trafficked Cocaine And Used Money To Drive Stock Pump-And-Dump
Gus Lubin | Oct. 6, 2010, 12:28 PM | 1,412 | 4

UPDATE: More details have emerged on the scheme, via South Florida Business Journal.

11 men in New York and Florida were using money from cocaine-trafficking to fuel a pump-and-dump. The investment scheme pocketed $3 million and cost investors $7 million.

The drug scheme was worth up to $100,000 per bag received.

PREVIOUSLY: Nine New York longshoremen were busted yesterday for helping Panamanian drug dealers smuggle nearly a ton of cocaine through local ports.

Sounds like business as usual. What's strange here is that the longshoremen were also busted for running a stock pump-and-dump scheme.

The stock scheme allegedly posted bogus claims online, like "Our Stock Picks are Off the Charts!" and "Lock in 500% in a Tough Economy," according to NY Post.

The only site we've seen that shares the same slogans is PennyWinners.com, which has all of those slogans on its web page.

PennyWinners.com has been recommending several stocks on its website and/or twitter stream, including HEME, MXMI, SSOL, TSPG, and BTDG. Tweets include: "If HEME doesn't break .20 today I will eat my keyboard" and "HEME is now trading at a new high of day. .32 on huge volume! This is officially a 100% profit for those of you that got in at .18 :)".

The last tweet was posted on Sunday.

We have no idea how the pump-and-dump scheme would relate to the coke smuggling.




Read more: http://www.businessinsider.com/pennywinners-longshoremen-2010-10#ixzz12KCWhceZ

You can follow FFGO, North American and other mining stocks from this web-site:
http://mining.einnews.com/wyoming/


Notice the article at the top Let Us Lease Your Stock to You 14 Aug 2010 01:50 GMT

to have your North American Gold & Minerals Fund (North American)(OTCBB: NMGL) to Lease your ... a possible 3% yearly dividend if the mines are functional and making money refer to ... the Company´s wholly owned subsidiary Western Diversified Mining Resources, Inc. ("Western") entered into an agreement ...

We so sorry uncle FFGO but we haven't done a bloody thing all day.

There are many things I can tolerate and lying is not one of them.

http://www.americanchronicle.com/articles/view/176487

FFGO - Sloane Investments, Inc

Another Lumb creation that is set to get paid by FFGO (the dillution machine). According to FFGO the loan will be settled before the divs; I think this is what is going to happen....

If there is actually a sale (I don't think there would be)...I would say it will be for around $1.6 mil. No is going to pay close to $400 mil; if they did, it would eb on CnBC right now. Lumb will get that $1.6 mil, then they will cook up a new company and give stock divs to FFGO hodlers. They will essentialy do a reverse split by saying the new company shares is worth .003 so for every 1000 or 10000 or 100,000 shares you own, you will get 1 share of that company.

Tuffnell a stock that was trading at 0.58 on April 14. Then trades at April 15 (0.65) to April 22 (0.95).

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On April 23, 2010, the Company closed a private placement of 500,000 units at $1.00 per unit for a total offering price of $500,000 to one non-U.S. purchaser. The units were offered by the Company pursuant to an exemption from registration under Regulation S under the Securities Act of 1933, as amended. Each unit consists of one share of common stock of the Company and one non-transferable common stock purchase warrant. The warrants are excercisable at a price of $1.50 (US) per share commencing April 26, 2012.

Why buy at $1.00 when the stock was trading at 0.58?

Lets start with FFGO...this is probably the most famous fo all penny stocks scams. The O/S is 74 bil and so it the float. They have promised divs for years now and has never delivered. The Mangement team is under investigation.