Promoters Indicted in Connection with Super Nova Resources

On April 1, 2014,  United States Attorney Zane David  Memeger announced an indictment charging a market manipulation scheme against six defendants in connection with the trading of stock in Super Nova Resources, Inc. (“SNRR”).

Charged with conspiracy, wire  fraud, and securities fraud are: Carl Marciniak, 50, of California, Jeffrey  Weinfurter, 46, of Yorba Linda, CA, James Wheeler, 54, of Corona, CA, Daniel  Starczewski, 67, of Cornelius, NC, Danny Colon, 46, of Edgewater, NJ, and Louis  Buonocore, 59, of Woburn, MA. 

According  to the indictment, the defendants ran the scheme with the intent to cause approximately  $150 million in losses to participants in the over-the-counter U.S. securities  market.

If convicted, each defendant faces a maximum statutory penalty of  55 years in prison, three years of supervised release, a $5.5 million fine, and  a $300 special assessment.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit  www.securitieslawyer101.com.   This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855
www.SecuritiesLawyer101.com