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by Mike Caswell
Raimund Gastauer, a German man named in a case over multiple pump-and-dumps, has appealed a $3.9-million judgment that the U.S. Securities and Exchange Commission won against him. (All figures are in U.S. dollars.) The SEC said that Mr. Gastauer was part of a scheme run by U.K. national Roger "Rocket" Knox that involved the fraudulent sale of millions of shares in 50 public companies. At least some of the money from those sales passed through Vancouver-area brokerages, according to the SEC.
Mr. Gastauer's appeal is contained in a notice that his lawyer filed on Tuesday, Nov. 1, in federal court in Boston. The document contains no specifics, but Mr. Gastauer previously complained that the SEC had no jurisdiction over him. He said that he was a German national living in Germany, who had done nothing that would lead to any liability in the U.S. He said that he had never been to Massachusetts (where the case was filed) and had not been to the U.S. since 2009.
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using "pump and dump" is defamatory and defamatory damages should be paid. it is reckless that supposed "officers of the court" use the term in any documentation, when there is no such thing as a "pump and dump".