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SEC charges Alomari, aka "GMoney," for on-line touting

2024-05-08 20:16 ET - Street Wire

Also Street Wire (C-TAAT) TAAT Global Alternatives Inc (2)

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by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil charges against Rhode Island stock promoter Ahmed Alomari, citing him for the promotions of five companies, including TAAT Global Alternatives Inc. of Vancouver. The SEC claims that Mr. Alomari boosted TAAT with claims like "Just a matter of time before this stock blows up and never looks back" without telling investors that he was being paid to tout the company. With TAAT, he was to receive $160,000 and 50,000 shares, the SEC claims. (All figures are in U.S. dollars.)

The allegations are contained in a civil complaint that the SEC filed on May 3, 2024, in federal court in Rhode Island. The SEC cites Mr. Alomari, 39, for a touting business that he ran under names such as "GMoney," "Prime Time Media" and "Millionaire Media." According to the SEC, Mr. Alomari claimed to be a self-made millionaire who had millions of followers on celebrity gossip websites and social media websites. He touted stocks on Twitter, Facebook and Instagram, among others, the SEC says.

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who believed those headlines? imagine the cash cow coming from all the crypto dudes who made crypto with no assets, nothing, nada, just to sell and become rich? who would buy anything this guy touted? he stole cohen moniker even

Posted by huh at 2024-05-09 10:43

how come no reporter asked trump legal brains to ask national enquirer dude about all those aliens stories and pictures...?.... national enquirer was a laugh back in the day but in the end the laugh was on us all as they were spewing the truth

Posted by oh at 2024-05-09 10:46

Regulators and BCSC should check out Jon Holstein *bullmarketrun, and Market Smart back in 2021, similarly to SONA. Thats where, you will find your answers.

Posted by ROBIN D MORIARTY at 2024-05-14 01:41