June 23, 2015
Posted January 28, 2016
The SEC charged Gregg R. Mulholland, a microcap promoter, with illegally selling more than 83 million penny stock shares that he secretly obtained through at least 10 different offshore front companies. Mulholland was previously charged by the SEC in 2011 for the fraudulent pump-and-dump manipulation of a sports drink company founded by Daniel “Rudy” Ruettiger, known for having inspired the motion picture “Rudy.” In 2013, the SEC obtained a monetary judgment against Mulholland for more than $5.3 million. SEC
Tagged in: Misrepresentations, Regulatory Violations, Securities Fraud,