Name and Shame
Name and Shame



This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Mastermind Behind The Market Manipulation Scheme

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

Joseph Taub, et al., 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 Joseph Taub, et al.,

On December 28, 2020, the United States District Court for the District of New Jersey entered a final consent judgment against Joseph Taub, whom the SEC charged with orchestrating a market manipulation scheme.

The SEC's complaint, filed on December 12, 2016 and amended on April 26, 2018, alleged that Taub engaged in a fraudulent market manipulation scheme, utilizing dozens of securities accounts at several brokerage firms to create the false appearance of trading interest and activity in particular exchange-traded securities, thereby enabling him to purchase stocks at artificially low prices and then quickly sell them at artificially high prices for substantial profits. The complaint further alleged that Taub took steps to conceal the trading scheme and supervised the manipulative trading of a co-defendant. In a parallel criminal action, the U.S. Attorney's Office for the District of New Jersey filed criminal charges against Taub. Taub pled guilty to securities fraud and conspiracy to defraud the United States on July 28, 2020. Taub was sentenced on December 22, 2020 to 18 months imprisonment, ordered to pay forfeiture of $17.1 million, and ordered to pay restitution of $394,424 to the Internal Revenue Service.

The final judgment entered against Taub in the SEC case permanently enjoins him from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933 and the market manipulation provision of Section 9(a)(2) of the Exchange Act, and imposes a conduct-based injunction permanently prohibiting Taub from participating in certain securities transactions. The judgment also orders him to pay disgorgement of $17.1 million, which will be deemed satisfied by the forfeiture ordered in the parallel criminal case.

The Commission's case remains pending against defendant Shaun Greenwald.

Conclusion: Joseph Taub, et al., Is A Fraud

The report on SEC clearly suggests that Joseph Taub, et al., 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 Joseph Taub, et al., 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

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