3 ms·
Nice old fashioned securities fraud. Vintage. None of that SPAC **coin influencer discord garbage
by addcn 4y ago
Nice old fashioned securities fraud. Vintage. None of that SPAC **coin influencer discord garbage
- subroutine 4y ago> Hometown International, took control of the outstanding shares of Hometown International and a separate shell company, E-Waste Corp., artificially inflated the price of both issuers’ stock through manipulative trading, and used the entities to acquire privately-held companies in reverse mergers, with the intent to thereafter dump their shares at grossly inflated prices. This sounds kinda like a SPAC tbh.
- kgermino 4y agoIt (allegedly) basically was, except (oversimplifying) they skipped the whole “registering as a SPAC” part and pretended to be a functioning company that happened to merge with someone else.