| Bizzingo, Doug Toth (Douglas Toth), Nicholas Thompson (Nick Thompson) Groupmark Gordon Brent Pierce |
| STOCK FRAUD ALERT |
| 22nd of Apr, 2012 by Securities Fraud Investigator |
Doug (Douglas) Toth, Nick (Nicholas) Thompson and Gordon Brent Pierce are alleged to be at it again on another potential stock fraud with Bizzingo (bizz). Doug Toth is the CEO of Bizzingo and is partners with Nick (Nicholas) Thompson of New Jersey in GroupMark. Nick Thompson is the man behind the scenes calling the shots with Doug Toth at Bizzingo. Doug is seeking money from the Kabbalah Group and its members who have had their own issues in the news with the use of their donations.
Nick Thompson and Gordon Brent Pierce have to stay behind the scenes on the alleged pump and dump scheme since they are under SEC orders and investigations for similar acts before. Google SEC with Nick Thompson, Gordon Brent Pierce and Douglas Toth and you will see the issues in the past and current facing them. What I heard was the pump and dump is being orchestrated with penny stock (pump and dump) promoters mainly out of Texas.
Here is how it works. Bizzingo pays the stock promoters hundreds of thousands of dollars to recommend Bizzingo (bizz) to its investors. Bizzingo has never had a dollar in revenues so the stock promoters and Bizzingo use press releases to promote the reason to buy the stock. Bizzingo has had many press releases in the past that ended up being puffery at best or fraudulent more likely to help promote the stock. The latest PR move before a pump and dump blitz was that Joe Theisman is a spokesperson for Bizzingo. It supposedly lends credibility to Bizzingo for more stock sales. Look at the SEC filings, Bizzingo spends over a million dollars a quarter with no revenue. Where is that money going?
The stock being sold to the public during a pump and dump belongs to the outsiders through hidden entities often off shore which it is alleged that Nick Thompson and Gordon Brent Pierce take their cut of the proceeds. Nick Thompson and Doug Toth, among others, also take salaries or "consulting fees" through GroupMark and individually from any money raised directly by the company. So they make money in two ways while Bizzingo has no income and the Bizzingo shareholders get fleeced.
My friends purchased shares in a pump and dump at around 85 cents per share and watched the stock drop to 20 cents. Look at the message board under the ticker symbol bizz and you will see all the people mentioning this is a pump and dump. I guess the only way out is to wait for the next pump and dump, you will see a press release followed by increasing volume and stock price and then get out while you can. Sooner or later the regulatory agencies will likely stop them and put them all in prison for a long time and Bizzingo will close. |
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Here is one on many violations this band of criminals has against them:
http://sec.gov/litigation/opinions/2008/34-58074.pdf
Why does the SEC allow theem to continue to defraud investors? Oh yeah, they have been banned and are mainly working through dummy entities to hide their illegal activity. Stay away from BIZZ.OB at all costs. Complete scam. The history of Bizzingo is one of no revenues, large salaries and overhead costs, and a trail of lost investor money |
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