Kandi Technologies: When is an electric car not an electric car?
Last year, Sharesleuth.com published a story questioning whether Kandi Technologies Corp. (NASDAQ: KNDI) had truly sold more than 3,700 of its electric cars, as it reported in Securities and Exchange...
View ArticleFormer Rockwell Medical executive alleges SEC violations
The former head of drug development at Rockwell Medical Technologies Inc. (Nasdaq: RMTI) says the company and its chief executive knowingly issued false and misleading press releases and violated other...
View ArticleHouston American says SEC probing its Colombian resource claims
Houston American Corp. (AMEX: HUSA) says the Securities and Exchange Commission’s investigation into the company appears to be focused on disclosures about the potential of its CPO-4 prospect in...
View ArticleRockwell Medical countersues former drug-development executive
Rockwell Medical Inc. (Nasdaq: RMTI) has filed a countersuit against its former chief medical officer, alleging that he overstated his qualifications, breached a confidentiality agreement and made...
View ArticleSmall Companies, Big Questions: Who secretly got millions of shares of stock...
(Part one of a three-part series) In the spring of 2005, a publicly held dating business called Universal Flirts Inc. gave up on love and did a reverse merger with a Chinese cell phone maker. According...
View ArticleSmall Companies, Big Questions: Who really owned the shell company that...
(Part two of a three-part series) A few weeks after Kandi Technologies Corp. (Nasdaq: KNDI) went public by merging with a moribund mining company, one of its promoters wrote that 4 million of the...
View ArticleSmall Companies, Big Questions: Chinese toll road and shipping companies take...
(Part three of a three-part series) To U.S. investors, buying a piece of a toll road company in one of China’s fastest-growing provinces might have seemed like a pretty safe bet. But the twists and...
View ArticleAlabama gold company’s tout campaign has a familiar look and familiar players
A financial felon who owned millions of shares in an energy company whose stock soared and then plummeted now is one of the funders of a heavily touted gold-mining venture. Samuel DelPresto — a former...
View ArticleFifteen charged in connection with international stock-manipulation scheme
A federal grand jury has indicted 15 people, including three who were spotlighted in Sharesleuth investigations, alleging that they participated in a series of “pump-and-dump” schemes that netted more...
View ArticleEx-Rockwell Medical consultant implicated in new fraud scheme
A former financial consultant to Rockwell Medical Inc. (Nasdaq: RMTI) has been implicated in a second securities fraud case, this one involving an alleged pump-and-dump ring that netted at least $13...
View ArticleJudge sides with Rockwell Medical in wrongful-termination case
A federal judge has issued a tentative ruling in favor of Rockwell Medical Inc. (Nasdaq: RMTI) in a wrongful-termination suit brought by its former head of drug development, who was fired in September...
View ArticleHouston American Energy abandons heavily touted Colombian property
Houston American Energy Corp. (AMEX: HUSA) has given up its interest in a Colombian oil property that it once claimed held as many as 4 billion barrels of reserves. Houston American said in a...
View ArticleCustoms records contradict Kandi Technologies Corp.’s electric-vehicle sales...
Customs records do not support Kandi Technologies Corp.’s (Nasdaq: KNDI) claim that it sold thousands of electric cars in the United States, a Sharesleuth investigation found. The records, which...
View ArticleFlorida jury convicts Mitchell J. Stein in Signalife fraud case
A jury in Florida has found Mitchell J. Stein guilty on all 14 counts related to a multimillion-dollar manipulation scheme involving shares of Heart Tronics Inc. (Pink Sheets: HRTT), formerly known as...
View ArticleStock promoter pleads guilty in $30 million pump-and-dump case
Federal prosecutors have reached a plea agreement with one of 15 people alleged to have participated in an international pump-and-dump ring that netted more than $30 million. Court records show that...
View ArticleThe curious touting of Kandi Technologies (and Renren … and Gevo… and Emerald...
The shares of Kandi Technologies Group Inc. (Nasdaq: KNDI) more than doubled last month, aided by an eye-popping surge in volume that followed a routine press release. Kandi’s stock shot from $3.92 on...
View ArticleBig Rockwell Medical shareholder lets large block of warrants expire
One of Rockwell Medical Inc.’s (Nasdaq: RMTI) biggest long-term shareholders let warrants to buy more than 860,000 shares expire rather than pay $7.18 a share to exercise them. David A. Hagelstein said...
View ArticleVirtual Piggy Inc: Developer of safe payment system for young people has...
(Editor’s Note: Sharesleuth has taken down the story on Virtual Piggy Inc. (OTCBB: VPIG) that appeared under this headline last Friday. We will publish a revised version shortly.)
View ArticlePeople behind Twitter suit have history of questionable dealings
The principals of two financial firms that sued Twitter Inc. for $124 million in damages have a history of dealings with questionable companies and questionable partners. Continental Advisors SA and...
View ArticleSEC probe of Kandi Technologies has risen to a formal investigation
The Securities and Exchange Commission is conducting a formal investigation of Kandi Technologies Corp. (Nasdaq: KNDI), a Chinese company that has been the subject of several Sharesleuth stories. Kandi...
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