wannabeeriche
2 months ago
From at least June 2017 to June 2022, Defendantsβled by Philip Vergesβperpetrated a scheme to pump and dump into the market more than $112 million of stock in certain penny stock companies. Verges designed the scheme so that Blue Citi (owned by R. Malin and L. Tilton (in his individual capacity), JDT (owned by Tilton), and other accomplices that Verges nominated (the βOther Nomineesβ; collectively with Blue Citi, Tilton, and JDT, the βNomineesβ) received heavily discounted shares in five penny stock companies: Alternet Systems, Inc. (βALYIβ), Priority Aviation, Inc. (βPJETβ), Puration, Inc. (βPURAβ), Vaycaychella, Inc. (βVAYKβ), and WaterPure International, Inc. (βWPURβ) (collectively, the βPSCsβ and individually, a βPSCβ). The Nominees ultimately received at least 5.2 billion shares of stock in the PSCs at an 86.64% discount and then proceeded to dump those shares into the market. Blue Citi, Tilton, and JDT alone generated more than $52 million in trading proceeds.
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION Case No.: 3:23:cv-02146
BottomBounce
2 years ago
$WPUR WaterPure International, Inc., a development stage company, manufactures and markets atmospheric water generators (AWG) for home/small office use and office or commercial use. Its AWG harvests drinking water from ambient air. The company sells its products under the WaterPure brand name through a network of distributors in the United States, France, the United Arab Emirates, the Cayman Islands, Great Britain, Columbia, Costa Rica, and Mexico. The company was founded in 2005 and is based in Plymouth Meeting, Pennsylvania.