The SEC charged Christopher Plummer, a serial con artist and Lex M. Cowsert, the CEO of penny stock company CytoGenix, with misleading investors in a supposed vaccine development company by issuing false press releases portraying it as a successful venture when it was in fact a failing enterprise. Specifically, the government alleged that Plummer and Cowsert teamed up to defraud investors with extravagant claims about the company’s revenues flowing from a “shared revenue agreement” with Franklin Power & Light, an electricity provider supposedly operated by Plummer. However, Plummer’s entity was a complete sham and CytoGenix had actually lost all its vaccine patents and other intellectual property in a lawsuit. SEC
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