Folks I’d like to get some backgorund related to the ownership of Here Enterprises, which I highlighted in a post last week here. I’ll let Yall Politics explain why:
These “microcap” stocks are sometimes affiliated with fraudulent “pump and dump” schemes where insiders accumulate large amounts of shares over time, manipulate trades and they pay internet marketers and boiler rooms (often overseas) to hype stocks and create a false market. Here Enterprises has issued (at least in the past) these similar Regulation S shares, which are targeted to trade overseas.
Something else that Here Enterprises shares is common ownership with a financial mastermind that has just been served an enforcement action by the SEC for $35,000,000 in securities fraud one week before Neilson was named CEO. Continue reading “Must read: Yall Politics explores the hiring of former FBI agent Hal Neilson and his new company contains some very interesting Louisiana connections.”