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warrior1 · Nov 3, 2009, 11:50 PM

I have knowledge of a company that, with the help of another corporation, misled shareholders and arranged a sale of themselves through a fictional corp back to themselves. Stock prices were intentionally deflated and the sale was final within months of the announcement. Unsuspecting shareholders lost big $ without knowing why. The first corporation now conducts business from behind a bankrupt second corporation. The second corporation is fictitious using a similar name as that of a well respected entity. Shareholders never knew the difference. These actions were taken to minimize damages to their reputation as they defended themselves against a federal lawsuit. Stockholders never knew of the lawsuit. The lawsuit settled and they still operate. I was in a position as plaintiff and stockholder to receive all corp sale info while the sale and lawsuit proceeded. The sale happened just prior to settlement. The event that I have described coincides exactly with the filing of the lawsuit. Hundreds of thousands lost money due to corporate greed and failure to accept responsibility for their actions. I have evidence as to the truth of this matter and would very much like to sell this story for not only profit, but to let former shareholders know the true reasons for their losses.

excon · Nov 4, 2009, 07:26 AM

Originally Posted by warrior1

Can I profit by exposing corps insider trading and stock fraud

Hello warrior:

Sure you can, as long as your settlement didn't say otherwise.

excon

warrior1 · Nov 16, 2009, 09:53 AM

It is my desire to expose an act of corporate fraud committed to avoid potential losses from a pending lawsuit. I intend to notify former shareholders what exactly happened to their investments. I am seeking advice on how best to go about this endeavor. The company still is in operation and have not a clue that I am willing to violate a settlement agreement fashioned to force my silence as to their identity. I am very interested in making a profit from the telling of the story and divulging their injuries upon innocent corporate backers. The CEO should be in prison along with Madoff.

JudyKayTee · Nov 16, 2009, 02:27 PM

I would do NOTHING without talking to an Attorney.

How do you intend to profit from this disclosure? Selling the story?

twinkiedooter · Nov 16, 2009, 04:59 PM

[QUOTE=warrior1;2087167]It is my desire to expose an act of corporate fraud committed to avoid potential losses from a pending lawsuit. I intend to notify former shareholders what exactly happened to their investments. I am seeking advice on how best to go about this endeavor. The company still is in operation and have not a clue that I am willing to violate a settlement agreement fashioned to force my silence as to their identity. I am very interested in making a profit from the telling of the story and divulging their injuries upon innocent corporate backers. The CEO should be in prison along with Madoff.[/QUOTE]

You are looking to make a profit from this? You already made a profit via your settlement. Now you're looking to really cash in? What about the innocent investors getting their money back... ever think of them instead of yourself? Try contacting an attorney on this one.

Fr_Chuck · Nov 16, 2009, 05:26 PM

If you admit you committed a criminal act by this fraud ( sounds like you profited from it) most likely they will come after you and everyone that lost any money will sue you.

Also if it is proven there was criminal activity, you can not profit from it under the laws of most states.

And from a moral side, and I seldom do this in legal sections, I am sickened beyond belef more than I have ever been on this site in years.
You profited form know illegal activity, knowing that others wlll be cheated and have no problem, then wish to profit from that knowledge. Just honestly I hope you do "profit" all you deserve from this action