02.12.09

SEC a little late to this pump & dump party

Posted in All Categories, Fraud, Microcap, Stocks at 9:59 am by Michael Goode

Some of you may remember Hydrogen Hybrid Technologies (OTC BB: HYHY.ob). It was a spam stock from last summer, perhaps the most recent successful pump and dump. The SEC just halted the stock, trading at 3 cents. During its pump & dump days, this stock reached $2.50.

Update later on the same day: The SEC just put out a release alleging that the majority owner of HYHY and other penny stocks made $20 million from illegal market manipulation. Impressive take.

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