October 24, 2014

Anthony Thompson, Otc Solutions, LLC, Jay Fung, Pudong LLC, Ryan Gonzalez, Recycle Tech, Inc.

Market Manipulation


Defendants: Otc Solutions, LLC, Pudong LLC, Recycle Tech, Inc.
Anthony Thompson, Jay Fung, Ryan Gonzalez

Sanction for pump-and-dump scheme involving illegal issuance of unrestricted stock in the microcap company Recycle Tech, a purported home container building company. The scheme was designed to capitalize on circumstances in Haiti after the earthquake in 2010. Individual defendants include the CEO of Recycle Tech and two promoters. Over $1 million netted by the scheme.

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