The SEC charges several companies, individuals, microcap fraud systems, including Barry Honig

The Securities and Exchange Commission on Friday charged a group of 10 people and 10 associates for participating in fraudulent stock sale programs that ran from 2013 to 2018. A group of Florida-based microcapsecounters led by Barry Honig, manipulated the stock price. stock of three companies in conventional pumping and dump systems that generated more than 27 million dollars of retail investors who ended up with virtually worthless stock. According to the SEC's complaint, Honig would have orchestrated the acquisition of large amounts of the issuer's shares at significant discounts and, after substantial participation in the companies, Honig and its associates engaged in promotional activities. illegal and artificial manipulation. share price and give the stock the appearance of an active trading volume. According to the SEC's complaint, Honig and his associates then dumped their shares on the inflated market, raising millions of dollars at the expense of unsuspecting investors. The billionaire biotech of Miami, Phillip Frost, would have participated in two of these three projects. The SEC has appointed Honig, John Stetson, Michael Brauser, John R. O'Rourke III, Mark Groussman, Frost, Elliot Maza, Robert Ladd, Brian Keller, John H. Ford, Anstalt Capital Alpha, ATG Capital LLC, GRQ Consultants Inc., HS Contrarian Investments LLC, Grander Holdings Inc., Melechdavid Inc., OPKO Health Inc., Frost Gamma Investments Trust, Southern Biotech Inc. and Stetson Capital Investments Inc. in a federal court that has violated the anti-counterfeiting provisions. fraud, beneficial ownership and registration of federal securities laws and calls for monetary and fair relief. Blockchain riot

RIOT, -21.24%

in which Honig has a stake, dropped on the news.

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