Name and Shame
Name and Shame

ANTHONY THOMPSON, JR. REVIEW

Complaint
#5YDPS

This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/anthony-thompson-jr-5YCVY/criminal-stock-promoter-id5ydps .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Criminal Stock Promoter

Today, The Smart Investor Feed brings you another morally reprehensible fraud.


Anthony Thompson, Jr. has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?


We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.


Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:

Full Report On Anthony Thompson, Jr.

On December 30, 2020, the U. S. District Court for the Southern District of New York entered final judgments against two penny stock promoters whom the Commission charged in connection with several alleged pump-and-dump schemes involving stocks they were touting in their supposedly independent newsletters.


The SEC's complaint in this action, filed in November 2014, alleged that Anthony Thompson, Jr., Jay Fung, and a third defendant, Eric Van Nguyen, worked in concert to gain control of a large portion of shares in the stock of microcap companies, then hyped those stocks in newsletters they distributed to prospective investors. According to the complaint, the newsletters published by Thompson, Fung, and Van Nguyen misleadingly stated that they "may" or "might" sell shares they owned when in reality they always intended to sell -- and in some instances already were selling - the stocks they were promoting. As alleged, they also failed to fully disclose in their newsletters the amounts of compensation they were receiving for promoting the stocks.


Thompson and Fung, who were both previously convicted in a parallel state criminal case for conduct that was the subject of the SEC's action, each consented to the entry of a final judgment enjoining them from future violations of the anti-touting provisions of Section 17(b) of the Securities Act of 1933. Thompson further consented to pay disgorgement of $624,882 plus prejudgment interest of $137,381, and Fung consented to pay disgorgement of $1,766,083 plus prejudgment interest of $244,308. Fung's obligation to pay disgorgement and prejudgment interest will be deemed satisfied by the $2,800,000 he was ordered to pay pursuant to an order of restitution entered in a related criminal action filed by the Manhattan District Attorney's Office. The SEC's litigation continues with respect to Van Nguyen.


Conclusion: Anthony Thompson, Jr. Is A Fraud

The report on SEC clearly suggests that Anthony Thompson, Jr. never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.


If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.

Help Us Fight These Criminals

Do you have evidence against Anthony Thompson, Jr. or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.


Full Disclosure: We sourced this piece of information from the SEC database


Evidence Box

0

No evidence added yet

Add your own evidence

No evidence added yet

Add your own evidence

View more complaints for Anthony Thompson, Jr.?

Comments

0