Renee
4年前
BRZL: SEC Charges Four Individuals in Microcap Fraud Scheme Targeting Retail Investors
https://www.sec.gov/litigation/litreleases/2022/lr25529.htm
SEC Complaint:
https://www.sec.gov/litigation/complaints/2022/comp25529.pdf
Litigation Release No. 25529 / September 28, 2022
Securities and Exchange Commission v. Matthew Nicosia, William Reninger, Fabrizio Di Carlo, and Ronald Touchard, Civ. Action, o. 1:22-cv-05761 (E.D.N.Y. filed September 27, 2022)
https://www.sec.gov/litigation/litreleases/2022/lr25529.htm
The Securities and Exchange Commission today charged four individuals with running microcap fraud schemes targeting retail investors. The defendants were variously involved in different parts of fraudulent schemes involving three separate publicly-traded companies that generated $9.1 million in illicit stock sale proceeds.
According to the SEC's complaint, from August 2019 to at least September 2020, defendants Matthew Nicosia, William ("Rocky") Reninger, Fabrizio Di Carlo, and Ronald Touchard worked with others to fraudulently sell stock in microcap companies by making misleading statements during high pressure sales calls and/or email promotions. The SEC alleges that, as part of the scheme, Touchard introduced the other defendants to Di Carlo, who ran a boiler room that identified potential investors and pressured them to purchase stock in Odyssey Group International Inc. According to the complaint, Nicosia and Reininger were Odyssey insiders working with an individual previously charged by the SEC, Charlie Abujudeh, to dump Odyssey shares during the promotional campaigns they were funding. The SEC alleges that the promotions were deceptive and failed to disclose that Nicosia and Reininger were Odyssey insiders, controlled nearly all of the stock that was deposited and available for public trading, and were selling their Odyssey stock into the increased demand created by the promotions they were funding and controlling. According to the complaint, the defendants shared the profits from over $2.6 million in illicit stock sales. The SEC alleges that Nicosia and Reininger similarly funded the promotion of Scepter Holdings, Inc. stock and failed to make key disclosures to investors to whom they sold Scepter stock, making approximately $3.5 million in illicit proceeds. The SEC alleges that Nicosia perpetuated the same scheme with CannaPharmaRx, Inc. stock and made approximately $3.3 million in illicit stock sale proceeds.
The SEC's complaint charges Nicosia, Reininger, Di Carlo, and Touchard with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Nicosia and Reininger are also charged with violating the registration provisions of Section 5(a) and 5(c) of the Securities Act. The SEC is seeking permanent injunctions, return of allegedly ill-gotten gains with prejudgment interest, civil penalties, and a penny stock bar as to all defendants, and an officer and director bar as to Nicosia and Reininger.
Investors can find additional information about pump-and-dump scams, including the warning signs of fraud, on Investor.gov. The Office of Investor Education and Advocacy and Enforcement's Retail Strategy Task Force have also issued Investor Alerts about these types of fraud, including Frauds Targeting Main Street Investors -- Investor Alert, Investor Alert: Fraudulent Stock Promotions, Investor Alert: Don't Invite Investment Scams to Find You, and Investor Alert: Beware of Stock Recommendations on Investment Research Websites.
The SEC's investigation was conducted by Nita Klunder, David D'Addio, Trevor Donelan and Paul Block of the Boston Regional Office. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
Thugmuffin
4年前
$BRZL Scepter Holdings, Inc. Launches the Adapti Website, Adapti.io, to Begin Marketing its Adapti SoftwarePress Release | 03/31/2022
Scepter launches website to promote and introduce Adapti, encouraging potential customers to learn about the value of leveraging Influencers as part of their Marketing plan
LAS VEGAS, NV / ACCESSWIRE / March 31, 2022 / Scepter Holdings, Inc., (OTC PINK:BRZL) a high-performance consumer goods sales and marketing company, has launched Adapti.io, a new website to market and promote Adapti, its artificial intelligence (AI) driven data analysis platform. The new site is focused specifically towards introducing potential customers to Adapti, and giving them the opportunity to connect with the company and learn more about how Adapti can help their brand(s) or products.
Adapti was designed to intelligently match products to influencers, leveraging access to publicly available ecommerce and social media data. Adapti is an A.I. (Artificial Intelligence) driven SAAS (software as a service) Influencer platform designed to identify the potential return on investment (ROI) of product promotion through Influencer engagement. This platform identifies correlations between real time product sales data and influencer engagement impact, using proprietary A.I. models. Marketing and promoting brands has changed, COVID has further pushed more retail sales to online, while simultaneously increasing the reliance on, and engagement with, online Influencers.
"Online advertising is fundamentally changing, partially driven by privacy changes Apple has made which have affected the entire mobile advertising market, increasing the importance of diversifying online marketing to better leverage Influencers for product promotion." stated Robert Van Boerum, Chairman.
About Scepter Holdings, Inc.
Scepter Holdings, Inc. (the "Company") manages the sales and brand development of high-performance consumer packaged goods. The company seeks to acquire performing brands to add to the company's portfolio of products and brands sold online and through strategic retail relationships. The company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods and seeks to leverage its expertise to grow additional acquired brands. Scepter Holdings, Inc. was incorporated under the laws of the State of Nevada on January 11, 2007.
For more information, please visit our website: https://scepterbrands.com or https://adapti.io/
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Scepter Holdings, Inc. filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Investors Contact:
775-375-1500
info@scepterbrands.com
SOURCE: Scepter Holdings, Inc.
AskMuncher
4年前
$BRZL Scepter Holdings, Inc., Developer of Adapti AI Influencer Software, Sponsored David Fletcher Charity Poker Tournament Benefiting Summer Harvest Food For Kids
Press Release | 02/03/2022
Scepter along with Ballengee Group, a sports and influencer agency, supported Los Angeles Angel David Fletcher and Summer Harvest first annual poker tournament.
LAS VEGAS, NV / ACCESSWIRE / February 3, 2022 / Scepter Holdings, Inc., (OTC PINK:BRZL) a high-performance consumer goods sales and marketing technology company along with Ballengee Group, participated in sponsoring the David Fletcher Charity Poker Tournament benefiting Summer Harvest Food for Kids. David Fletcher plays professionally with the Los Angeles Angels and is represented by Ballengee Group. Summer Harvest is a local non-profit 501(c)3 whose mission is to provide healthy, nutritious foods to families with children. Scepter Holdings, Inc., has been working with Ballengee Group in the development of Adapti, Scepter's artificial intelligence (AI) driven data analysis platform. Ballengee Group represents professional athletes across multiple sports, each with complex social media accounts. Scepter, through Adapti, provides Ballengee Group with influencer and marketing data tailored to the athletes they represent.
"Scepter is excited to participate with Ballengee Group as a sponsor of the David Fletcher Charity Poker Tournament. Part of our vision for Adapti is to help influencers maximize their value, and we believe that athletes are one of the most effective influencer groups in the space. We are grateful for the opportunity to participate with Ballengee Group in their support of social initiatives that positively affect children." said Robert Van Boerum, Chairman.
About Scepter Holdings, Inc.
Scepter Holdings, Inc. (the "Company") manages the sales and brand development of high-performance consumer packaged goods. The company seeks to acquire performing brands to add to the company's portfolio of products and brands sold online and through strategic retail relationships. The company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods and seeks to leverage its expertise to grow additional acquired brands. Scepter Holdings, Inc. was incorporated under the laws of the State of Nevada on January 11, 2007.
For more information, please visit our website: http://scepterbrands.com
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Scepter Holdings, Inc. filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Investors Contact:
775-375-1500
info@scepterbrands.com
SOURCE: Scepter Holdings, Inc.
1manband
5年前
SEC Charges California Resident in Microcap Fraud Scheme Targeting Retail Investors
Securities and Exchange Commission v. Charlie Abujudeh, No. 1:21-cv-04110 (E.D.N.Y. filed July 22, 2021)
The Securities and Exchange Commission announced that it filed an emergency action charging California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors.
According to the SEC's complaint, filed today in the U.S. District Court for the Eastern District of New York, Abujudeh worked with others from August 2019 to at least September 2020 to fraudulently sell several microcap companies' stock to investors by making misleading statements during high pressure sales calls and/or email promotions. The SEC alleges that, as part of the scheme, Abujudeh and his associates convinced investors to invest in the stock of Odyssey Group International, Inc., as well as other microcap companies, including Scepter Holdings, Inc., and CannaPharmaRx, Inc. Abujudeh paid stock promoters to tout Odyssey stock over the phone to unsuspecting retail investors who were recruited through false and misleading representations. Abujudeh also allegedly paid for email promotional campaigns and schemed to hide his control over and simultaneous sale of Odyssey, Scepter, and CannaPharmaRx stock into the increased demand that the promotions he paid for had generated. According to the complaint, Abujudeh generated over $9 million in illicit proceeds by selling Odyssey, Scepter, and CannaPharmaRx stock to investors during the promotions he funded. The SEC alleges that Abujudeh funneled hundreds of thousands of dollars of the illegal Odyssey stock sale proceeds to an Odyssey insider with whom he had been coordinating.
Three2001
5年前
$BRZL Insiders own 83%, there is only 306M in the public float, zero preferred, why wouldn't they want the stock price up, still hanging around .007, could move easily, but no ones paying attention, last post here almost 2 months ago.
Still Current
https://sec.report/otc/financial-report/289119
AskMuncher
5年前
$BRZL Scepter Holdings, Inc., Announces Strategic Focus On Technology
Press Release | 04/01/2021
Scepter focusing on Adapti, an AI driven platform to bring brands and influencers together
LAS VEGAS, NV / ACCESSWIRE / April 1, 2021 / Scepter Holdings, Inc., (OTC PINK:BRZL) a high-performance consumer goods sales and marketing company, has directed its focus towards technology-driven sales and marketing solutions. In line with Scepter's technology focus, the Company has begun developing Adapti, an artificial intelligence platform designed to bring brands and influencers together.
The Company leverages data and intelligence gathered through the sales and marketing of licensed and owned brands to support the development of an Artificial Intelligence (AI) based application called ‘Adapti'. Consumer online buying decisions can be affected through the strategic use of social media influencers. Adapti is being developed to identify correlations between product sales data and influencer engagement impact, using AI models under development. The intelligence extracted by the platform will serve to enhance the promotion of brands the Company markets, help target marketing spend on influencer engagement, as well as create the opportunity to market Adapti as a Software-as-a-Service (SAAS) platform to match external brands with influencers.
Scepter will continue to market its owned and licensed products online. The marketing and development of existing Company managed brands will also provide a proof-of-concept and data source for Adapti as the platform is developed.
"We are excited by this new shift in direction for Scepter. We believe there is a growing market for AI based services, especially as applied to e-commerce and social media influencers.", stated Robert Van Boerum, Chairman.
About Scepter Holdings, Inc.
Scepter Holdings, Inc. (the "Company") manages the sales and brand development of high-performance consumer packaged goods. The company seeks to acquire performing brands to add to the company's portfolio of products and brands sold online and through strategic retail relationships. The company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods and seeks to leverage its expertise to grow additional acquired brands. Scepter Holdings, Inc. was incorporated under the laws of the State of Nevada on January 11, 2007.
For more information, please visit our website: http://scepterbrands.com
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Scepter Holdings, Inc. filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Investors Contact:
775-375-1500
info@scepterbrands.com
SOURCE: Scepter Holdings, Inc.
View source version on accesswire.com:
https://www.accesswire.com/638568/Scepter-Holdings-Inc-Announces-Strategic-Focus-On-Technology
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
ernie44
2年前
DiscoveryStock
5年前
メールアドレスで登録
