Anthony Thompson, Jay Fung, and Eric Van Nguyen Charged with Allegedly Inflating Pump-and-Dump Scams

New Orleans investment fraud attorney

The Securities and Exchange Commission today charged three penny stock cheerleaders with conducting pump-and-dump schemes involving stocks they were lauding in their purportedly independent newsletters, according to SEC documents. The SEC alleges that Anthony Thompson, Jay Fung, and Eric Van Nguyen worked in a disciplined and organized manner in order to seize control of large… Read more »

Thompson National Properties Acknowledges Cash Flow Problems, Proposes Restructuring

In a February 14, 2014 letter, Thompson National Properties (TNP) acknowledged that it “cannot support its current debt load” and proposed a plan to convert the investors’ notes in several TNP-sponsored programs into equity. The Thompson National Properties programs at issue are TNP 2008 Participating Notes, TNP 12% Notes and TNP PPP. The Peiffer Rosca securities… Read more »