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Report: #889661

Complaint Review: Lincoln Park Capital - Chicago Internet

  • Submitted:
  • Updated:
  • Reported By: JC — Chicago Illinois Panama
  • Lincoln Park Capital Internet United States of America

Lincoln Park Capital Fraud, Illegal Shorting, Manipulation, lawsuit, litigation Chicago, Internet

*Consumer Comment: Funding

*Consumer Comment: Lincoln Park Capital Scam, Fraud, Pump&Dump

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I did a deal with Lincoln Park and they illegal shorted my stock hurting the stock price so they could purchase the stock at a lower price. Big mistake in doing a financing with them.

This report was posted on Ripoff Report on 05/28/2012 08:40 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lincoln-park-capital/internet/lincoln-park-capital-fraud-illegal-shorting-manipulation-lawsuit-litigation-chicago-889661. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Funding

AUTHOR: PLUMB CRAZY - ()

POSTED: Monday, August 04, 2014

If LPC is a two person co. with only 140,000$ in reported revenue how can they be doing the following?  Funding Nuvilex's 27 million dollars,Funding Pure 10 million dollars,30 million to Advanced cell,15 million to Biodel,30 million to Avalon,30 million to Provectus and on and on etc.The scam should be stopped and the should be investegated by the SEC!

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#2 Consumer Comment

Lincoln Park Capital Scam, Fraud, Pump&Dump

AUTHOR: GSmith - ()

POSTED: Tuesday, March 04, 2014

While it seems the SEC has not been able to prove the allegations of shortselling agains Lincoln Park Capital and Joshua Scheinfeld, it seems pretty obvious what they are doing when you look at the stock behavior during their pricing periods. Besides gauging companies with outrageous fees and massive discounts, their newest strategy appears to involve a "pump and dump" scheme where they have enlisted a cabal of notorious characters who aid and abet the ruse. After making volumous announcements of nonsensical news designed to trick the investing community into believing that the company is about to achive limitless success, they dump their shares and then begin the equity line death spiral that is at the heart of their plot. Examining many of their "financings", I found quick run up in stock prices followed by massive insider selling to the unsuspecting public. In almost all cases the return to previous and even lower levels was equally as dramatic. Why aren't investors who have these huge losses complaining? Personally, I felt it was a valuable learning lesson and now I am sure to read the filings on Edgar to make sure and filter out what conmen and other charlatans are saying in these inane funding anouncements. I think the SEC needs to launch a FRAUD investigation.

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