sec whistleblower attorneys
November 21, 2019
Samuel DelPresto, MLF Group, LLC, Donald Toomer, Jr.
Market Manipulation
SANCTION AMOUNT: $13934213
Defendants: MLF Group, LLC
Samuel DelPresto, Donald Toomer, Jr.
Consent judgments entered against defendants for a market manipulation scheme in which DelPresto and a partner secretly acquired ownership of the vast majority of shares of at least four microcap companies, then heavily promoted and dumped them. Toomer, an investment adviser associated with a registered entity, allegedly received cash kickbacks in exchange for purchasing three of the companies' stocks in his advisory clients' accounts to create the appearance of liquidity and demand.
- Key Docs
- Official SEC press release