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Report: #802940

Complaint Review: Sun Cal Energy - San Francisco California

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  • Reported By: TonyMSr — Bridgeport Connecticut United States of America
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  • Sun Cal Energy One Embarcadero Center Suite#500 San Francisco, California United States of America

Sun Cal Energy SCEY ,Stock Symbol, This Pump and Dump was promoted by some who you might have thought of as respectable persons and news magazines.Steve Forbes through E-mails I received from Newsmax promoting this company over a year San Francisco, California

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This scam started as E-mail solicitations from scam artists like Fraser,but then I being a member of Newsmax Magazine and always thought of them as ligit,also got a E-mail from them with Steve Forbes supposedly touting this stock to hit about $7.50 in 6 months to a year.That was about 1 1/2 years ago. The stock went from about $3.50 then to todays price(Nov.30,2011) of .0001 with the SEC suspending trading a couple of weeks ago.They have not filed a SEC report since 2009.They should have been investigated by the SEC at least a year ago,but you know that Wall St. is the only place you never have to worry about prosecution for fraud.This place is a license to steal and nothing will ever change.The SEC in my opinion should be eliminated and instead they should hire about 1,000 FBI agents to do the investigations and prosecutions.The SEC is a fraud in my opinion.

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This report was posted on Ripoff Report on 11/29/2011 04:15 PM and is a permanent record located here: https://www.ripoffreport.com/reports/sun-cal-energy/san-francisco-california-94111/sun-cal-energy-scey-stock-symbol-this-pump-and-dump-was-promoted-by-some-who-you-might-h-802940. 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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