Fla. 'Spongebuddy' Co. Part Of Penny Stock Scam, SEC Says
By Dunstan Prial ( December 1, 2017, 9:50 PM EST) -- The U.S. Securities and Exchange Commission on Thursday hit the operators of a Florida entertainment business with a suit in Florida federal court alleging they used a penny stock scheme to scam mostly elderly investors out of at least $5.4 million to raise money for a product called the Spongebuddy, a sponge-like glove they planned to market....
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