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FBI Linked to Penny Stock Pump and Dump
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5779


Posted: 2/22/2007 3:18:45 PM

By: rchurch

Seems like we need a new federal agency of some sort to start investigating and prosecuting south Florida FBI types. In an effort to save his tail, FBI provocateur Patrick Lochrie filed an affidavit on Feb. 20, 2007 in U.S. District Court claiming that the address tied to the Recab International Inc. pink sheet pump and dump is run entirely by the FBI.

In his affidavit Lochrie claims that for the past several years when the address at 1314 East Las Olas Blvd., #222, Fort Lauderdale, Florida 33301 was being used by him and confederates Stave Careaga and David Otto (Seattle) the mail for the pumped and dumped companies was being handled as follows:

"5. The above-referenced address was a fictitious address controlled by federal investigators and utilized by them in furtherance of their undercover investigations.

"6. Agents of the FBI routinely picked up mail at the above-referenced address."

In other words, while Lochrie, Otto and Careaga were filing SEC documents for "Reality Wireless," and performing scam after scam premised on the merger of various Lochrie companies with the OTC scam companies, the FBI was really pulling all the strings.

When you look at the trades and numbers of scams run by these cats, it's pretty obvious that there was no investigation, only scams being run by undercover feds, using their jobs to hide their criminal enterprises.

RCAB recently scammed hundreds of innocent investors when it reverse split hundreds of millions of shares, then posted phony financials at pinksheets.com followed by a massive dump of shares, selling from over a $1 to the sub-penny level.

Word out of DC is that a House subcommittee is prepping some subpoenas for FBI managers for this and related south Florida "official" scams. Hope its true.


 

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