SEC
Whistleblower
Attorneys

August 11, 2014

Wayne A. Burmaster Jr.

Market Manipulation

SANCTION AMOUNT: $1,349,158

Defendants: Wayne A. Burmaster Jr.

Default judgment against participant in scheme to pump-and-dump a microcap company that was falsely represented to have an accomplished entrepreneur running it and to be acquiring a restaurant services company with valuable contracts. The stock rose more than 2,700 percent in a matter of months, and defendant participated in dumping more than $1 million worth of it, through several front companies.

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