SEC
Whistleblower
Attorneys

May 17, 2019

Andrew I. Farmer, Scott R. Sieck, Eddie D. Austin, Jr., Carolyn P. Austin, John D. Brotherton

Market Manipulation

SANCTION AMOUNT: $11,145,487

Defendants: Andrew I. Farmer, Scott R. Sieck, Eddie D. Austin, Jr., Carolyn P. Austin, John D. Brotherton

Settled charges re: a series of pump-and-dump frauds. Defendants engaged in a pattern of obtaining control of all the freely trading stock of a penny stock (e.g., Valmie Resources, Inc.) and allocating the stock to front companies that they controlled. They then conducted coordinated trading to create the appearance of market interest in the stock.

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