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Cardboard Sessions: Marcus King Tears It Up: "F*CK MY LIFE UP AGAIN"

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jaunte3/22/2024 1:11:58 pm PDT
“The SEC alleges that Servergy Inc. and William E. Mapp III sold $26 million worth of company stock in private offerings while misleading investors to believe that the Cleantech CTS-1000 server (the company’s sole product) was especially energy-efficient.”

” Paxton raised $840,000 in investor funds for Servergy and received 100,000 shares of stock in return, but never disclosed his commissions to prospective investors while recruiting them.”

“The company agreed to pay a $200,000 penalty to settle the SEC’s charges.”

https://www.sec.gov/news/press-release/2016-65

“White-collar” penalties are way out of balance with the crimes.