Agoracom Blog

SEC Sues Over Alleged $1.7M Pump and Dump of China Energy Savings Technology

Posted by AGORACOM at 8:52 AM on Wednesday, October 7th, 2009

In the interests of maintaining balance about my bullish views on Chinese small and mid cap stocks, the Securities and Exchange Commission filed suit against Jason Genet in a New York federal court alleging that he “pumped and dumped” the stock of China Energy Savings Technology for a profit of $1.7 million. China Energy completed a reverse merger in 2004.

Moral of the story.  I love China and you can love China too – but make sure to do your due diligence each and every time you look at a new possible investment.


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