Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => General Topics => Topic started by: 225for70 on January 12, 2011, 02:35:32 PM
-
I think it's quite sad that 50 cent would do something of this nature. Pumping up a penny stock is so 1999... ??? His twitter followers got royally screwed
G-Unit head honcho 50 Cent may be placed under investigation by the Security Exchange Commission (SEC) for encouraging over 3 million Twitter followers to invest money in a penny-stock company.
Details on the violations 50 may have allegedly encountered landed online Wednesday (January 12) morning.
Rapper 50 Cent may have momentarily gotten $8.7 million richer after encouraging his Twitter followers to invest in a money-losing penny stock, but now the hip hopper may be in big trouble with the Security Exchange Commission. "There are very strict guidelines as to what a person can do in terms of possibly manipulating the value of a stock," financial expert and 60-Minute Money Workout author Ellie Kay tells FOX411. "I don't think it would be a huge surprise to anyone if 50 Cent were investigated for what he did." On the SEC's web site, a list for common violations that could lead the government agency to conduct an investigation include "manipulating the market prices of securities." (Fox News)
Another report claims the SEC thrives on the possibility of launching a high profile investigation.
Securities laws are complicated, but promoting a stock in which you have an interest is a potential violation of securities laws, said Andrew Stoltmann, a Chicago securities lawyer. Even if you're saying something that you believe to be true, promoting shares without mentioning your personal interest in the company gets scrutinized under "pump and dump" rules. These rules are aimed at stopping insiders from saying: "Get in now" while they're quietly getting out. "The SEC loves nothing more than making a high-profile example out of somebody who is violating the rules. We don't need to look further than Martha Stewart to see that. If the department of Justice can get a clean shot at him, I'm sure they would love to take a swing," said Stoltmann. "If [50 Cent] has a managerial role, interlocking business relationships, or if he's on the board, the company could be dragged into a suit as well." (Money Watch)
For his role in helping promote the stock, H&H Imports, 50 reportedly banked over $8 million last weekend.
Rapper 50 Cent made $8.7 million in paper money on Monday thanks to some tweets. The singer helped pop the shares of the penny stock of H&H Imports, in which he has a stake, by talking it up on Twitter over the weekend, the paper said. H&H owns a marketing firm called TV Goods that was founded by Kevin Harrington of ABC reality show Shark Tank fame, according to the paper. H&H stock gained 29 cents to 39 cents on Monday. That helped boost the value of the singer's stake by $8.7 million, the Post said. 50 Cent, aka Curtis Jackson, received 30 million shares of H&H in a private placement last October. In March, the firm's auditor raised questions about its ability "to continue as a going concern." (Hollywood Reporter)
SOHH CREDIT
-
no liability should be placed on that scumbag. Only idiots would take advice from this lowlife hood rat with his teeth always showin like mr ed. why would a tool like him need to scheme more money fuck that mother fucker ill beat his black ass and shit on his mother
its not his fault he can manipulate the masses with his cliche rap music
-
Some of his Tweets...
The tweets, which have since been deleted from 50 Cent’s twitter feed, were enthusiastic about the stock (and all should be read with a heavy dose of “sic”):
“HNHI is the stock symbol for TVG sleek by50 is one of the 15 products this year. If you get in technically I work for you. BIG MONEY”
“TVG’s stock went from 5cent to 10 in one day. You can double your money right now. Just get what you can afford.”
“HNHI is the stock symbol for TVG there launching 15 different products. they are no joke get in now.”
“You better get in now TVG I’m never saying this again. Watch how this company blows up.”
“Ok ok ok my friends just told me stop tweeting about HNHI so we can get all the money. Hahaha check it out its the real deal. ”
-
no liability should be placed on that scumbag. Only idiots would take advice from this lowlife hood rat with his teeth always showin like mr ed. why would a tool like him need to scheme more money fuck that mother fucker ill beat his black ass and shit on his mother
its not his fault he can manipulate the masses with his cliche rap music
Whoooa easy bro
-
this is illegal? lmao
-
this is illegal? lmao
Yes, this is illegal..
I'm sure all of the suckers who bought it after the tweet will get stuck with the bill..Meanwhile, 50 cent more than likely already liquidated his position, It's apparent a big Holder sold his stake, as is supported by the crash in the stock price.
His last tweet went like this
“I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it,” he tweeted, shortly after deleting the stock-related tweets.
“HNHI is the right investment for me it may or may not be right for u! Do ur homework.”
-
screw tons over in a get rich quick scheme peddling a product with no use-value... if you're in the stock market, it's illegal. if you're in the supplement industry, it's... ???
BB RELATED!!!
-
Whoooa easy bro
(http://www.healthcentral.com/common/bloghoster/data/uploads/avatars/35150.gif?1261)shit on his mother
-
Isnt he a little old to play college football ???
-
Isnt he a little old to play college football ???
TacoLoco the SEC is = The securities and Exchange Commission..
-
TacoLoco the SEC is = The securities and Exchange Commission..
But he's black = play college football ??? 8)
-
this is illegal? lmao
You can't read:
"These rules are aimed at stopping insiders from saying: "Get in now" while they're quietly getting out. "
-
You can't read:
"These rules are aimed at stopping insiders from saying: "Get in now" while they're quietly getting out. "
It was just reckless by 50 cent...i'm sure the SEC will make an example out of him..
The money hopefully will be returned to investors.
-
It was just reckless by 50 cent...i'm sure the SEC will make an example out of him..
The money hopefully will be returned to investors.
Sure e has what 400 million...
-
Sure e has what 400 million...
I know he has money. However, i wouldn't be surprised if the punishment along the lines of Martha Stewart...That would involve a short jail stint.The SEC is making examples out of anyone these days.The SEC's reputation has been hurt by the likes of Madoff, etc...
-
Of the 3 million '50 cent followers', how many of them do you really think are in the investment arena?
Get real, you knuckleheads.
-
I know he has money. However, i wouldn't be surprised if the punishment along the lines of Martha Stewart...That would involve a short jail stint.The SEC is making examples out of anyone these days.The SEC's reputation has been hurt by the likes of Madoff, etc...
That would only help his image...and he might end up making MORE money, while in prison...although, 50 has been reckless as of late...being too gimmicky in the name of pushing the 50 brand into diff niches.
-
Of the 3 million '50 cent followers', how many of them do you really think are in the investment arena?
Get real, you knuckleheads.
You think that only high school children listen to 50 cents? So where exactly did all the money that flew into this penny stock from? The company stock is valued at a few cents cause the probability of its demise is high.
That would only help his image...and he might end up making MORE money, while in prison...although, 50 has been reckless as of late...being too gimmicky in the name of pushing the 50 brand into diff niches.
selling out makes mo money holmes
-
You think that only high school children listen to 50 cents? So where exactly did all the money that flew into this penny stock from? The company stock is valued at a few cents cause the probability of its demise is high.
The Whites, Jews, Asians, and token Negroes who make money off 50 cent make that money because of his commercial marketing power, not his acting 'skills' or his stock tips.
Reality.
-
The Whites, Jews, Asians, and token Negroes who make money off 50 cent make that money because of his commercial marketing power, not his acting 'skills' or his stock tips.
Reality.
Well someone made money off his stock tip...That's a fact. Perhaps it was 50 cent, CFA....
-
Racist thread reported.
-
Racist thread reported.
there's no racism in this thread.. :-\
-
there's no racism in this thread.. :-\
Speak for yourself :D
-
Lawyers will say that his account got hacked. ::) ::)
-
Sure e has what 400 million...
lol 400 million ... in his dreams.