Accused Pump-And-Dump Fraudster Can't Duck SEC Claims

Law360, New York (March 3, 2017, 5:22 PM EST) -- A Manhattan federal judge on Thursday refused to grant summary judgment to a Maryland man accused by the U.S. Securities and Exchange Commission of a scheme to inflate the value of some $290 million in penny stocks, finding that a Florida case the commission brought earlier does not short-circuit its New York suit.

Anthony Thompson, a stock promoter who also faces criminal fraud charges in New York State court, cannot dispatch the SEC's November 2014 New York lawsuit on grounds of judicial exhaustion, according to U.S....
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Case Information

Case Title

Securities and Exchange Commission v. Recycle Tech, Inc. et al


Case Number

1:12-cv-21656

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Joan A. Lenard

Date Filed

May 2, 2012


Case Title

Securities and Exchange Commission v. Thompson et al


Case Number

1:14-cv-09126

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Katherine B. Forrest

Date Filed

November 17, 2014

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