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July 31, 2015

Posted  January 28, 2016

The SEC charged Canadian citizen, Phillip Thomas Kueber, with conducting a scheme to conceal his control and ownership of microcap company, Cynk Technology Corp., to make it appear that the company had publicly-held shares.  According to the SEC’s complaint, the SEC suspended trading in the stock before Kueber could profit on the stock’s rise from 10 cents per share to over $21 per share. SEC

Tagged in: Misrepresentations, Securities Fraud,