The SEC charged a ring of eight individuals for their roles in an alleged pump-and-dump scheme involving a penny stock company based in California that has repeatedly changed its name and purported line of business over the past several years.The husband and wife duo who orchestrated the scheme are being charged by the SEC in the case along with others enlisted to buy, sell, or promote stock in the company now called Gepco Ltd. [read post]

According to the Commission, de Maison's husband, Izak Zirk de Maison F/K/A/ Izak Zirk Engelbrecht, orchestrated a scheme starting with the installation of associates as officers and directors of Gepco Ltd., a publicly traded microcap issuer, while he secretly ran the company and illegally transferred shares to the associates. [read post]