was quoted by Jean-Francois Cloutier, a reporter for French language newspaper, Le Journal de Montreal, who has been conducting a series of reports on John Babikian and his connection to Awesome Penny Stocks. Awesome Penny Stocks promoted PHRX back in the spring of 2012, when it was known as Sunpeak Ventures (SNPK). We estimate that the Pump & Dump campaign cost investors $455 million. Management has remained pretty much the same since that promotion, with
PHRX begins a new Pump & Dump campaign today.
The article reports that Mr Aguirre feels that brokers, analysts, specialists of Internet Marketing and offshore banks are in the Pump & Dump game, for that fraud works.
According to his bio, Mr. Aguirre is a renowned securities and fraud attorney, having defeated his old haunt, the SEC, in several litigations. Of special interest, Mr. Aguirre proved to the satisfaction of two Senate committees, a US District Court, and three federal agencies that the SEC acted unlawfully when it derailed a major insider trading investigation led by him as an SEC Senior Counsel when it got too close to some of Wall Street’s elite.