Cannabis Penny Stock Promoter James Farinella Named In SEC Fraud Suit

JUNE 2017

The U S Securities and Exchange Commission charged James M. Farinella ,  Integrated Capital Partners (ICP) , Anthony Amado, Equities Awareness Group LLC (EAG) and Carlos Palomino with securities fraud involving the manipulation and artificial inflation of the share price of microcap company Pazoo, Inc., a cannabis penny stock (PZOO).

The SEC alleges that Farinella and ICP controlled the entire public float of stock in Pazoo and that by engaging in matched trading they created the appearance of an active market for Pazoo which boosted its market price. According to the SEC Farinella dumped his Pazoo shares after the price rose, netting him a million dollar gain.

In a parallel action the US Attorney for the District of New Jersey announced criminal charges against Farinella.

Link to SEC Complaint. 

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