Post by imSINGLEruRICH on Oct 25, 2007 8:01:31 GMT -5
smegadild
DIAMOND JEDI MASTER
Vegas reporter John Smith mentions CMKX
« Thread Started on Today at 4:03am »
By: elo54
23 Oct 2007, 10:18 AM EDT
Msg. 616295 of 617074
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John wrote this recently
www.lvrj.com/news/9638472.html
ELO
Indictment puts mining business promoter into an abyss of legal trouble
JOHN L. SMITH
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Henderson resident Alberto DoCouto finds himself in a deep hole this week after a federal grand jury charged him with defrauding more than $20 million from mining project investors.
DoCouto, 64, promoted suspicious mining developments supposedly located from Nevada to Peru. He did all that without an ounce of expertise in the mining business, according to the government. Investors were attracted from as far away as Japan.
Meanwhile, more dissatisfied customers continue to speak up about the suspicious stock activity of CMKX, a Las Vegas-based company founded by controversial promoter Urban Casavant. The company purports to develop diamond-mining sites in Canada.
CMKX has been savaged on some penny stock Web sites for reported pump and dump-style securities violations. But relatively little action has been taken against the company at either the state or federal level.
The Securities and Exchange Commission has been scrutinizing CMKX so long that some investors are beginning to believe the regulators have fallen asleep. Other investors hold out hope their investments one day will be rewarded.
DIAMOND JEDI MASTER
Vegas reporter John Smith mentions CMKX
« Thread Started on Today at 4:03am »
By: elo54
23 Oct 2007, 10:18 AM EDT
Msg. 616295 of 617074
Jump to msg. #
John wrote this recently
www.lvrj.com/news/9638472.html
ELO
Indictment puts mining business promoter into an abyss of legal trouble
JOHN L. SMITH
MORE COLUMNS
Discuss this column in the eForums!
Henderson resident Alberto DoCouto finds himself in a deep hole this week after a federal grand jury charged him with defrauding more than $20 million from mining project investors.
DoCouto, 64, promoted suspicious mining developments supposedly located from Nevada to Peru. He did all that without an ounce of expertise in the mining business, according to the government. Investors were attracted from as far away as Japan.
Meanwhile, more dissatisfied customers continue to speak up about the suspicious stock activity of CMKX, a Las Vegas-based company founded by controversial promoter Urban Casavant. The company purports to develop diamond-mining sites in Canada.
CMKX has been savaged on some penny stock Web sites for reported pump and dump-style securities violations. But relatively little action has been taken against the company at either the state or federal level.
The Securities and Exchange Commission has been scrutinizing CMKX so long that some investors are beginning to believe the regulators have fallen asleep. Other investors hold out hope their investments one day will be rewarded.