The SEC announced fraud charges against 10 individuals involved in schemes to trick investors into buying shares of ForceField Energy Inc. The SEC alleges that investors were unaware that those soliciting them to purchase ForceField stock were being paid by ringleader Richard St. Julien, ForceField’s then-chairman of the board, to steer them to the stock. Some of the perpetrators attempted to evade law enforcement by communicating with prepaid disposable “burner” phones and through encrypted, content-expiring text messages. SEC
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