Penny Stock Fraud Info
Monday, June 16, 2008
Multi BILLION dollar junkfax suit against Triple Play Stock Alert—Signallife
Monday, Jun. 16, 2008
Peter Strojnik, P.C. Files Class Action Lawsuit Against Triple Play Stock AlertLawsuit Alleges a Mass Distribution of Illegal Stock Promotion Faxes Subjecting Defendants to Liability Between $6 Billion and $18 Billion
PHOENIX — On June 16, 2008, Peter Strojnik, P.C. filed a proposed class action lawsuit against illegal stock manipulator Triple Play Stock Alert for transmitting between 12 million and 16 million unsolicited faxes in violation of the Telephone Consumer Protection Act. The Complaint alleges that Triple Play Stock Alert is a fictitious name used by stock manipulators who want to conceal their identity to avoid liability for their illegal activities. The suit was filed in the United States District Court for the District of Arizona under case number 2:08-cv-1116.
The Complaint identifies those who benefit by the illegal stock manipulation and the illegal mass faxes transmitted by Triple Play Stock Alert. In the Conspiracy Count, the Complaint alleges, “Plaintiff has identified two classes of stock manipulators who benefit by the illegal stock manipulation...Signalife, Inc. and/or Signalife’s insiders, officers, directors and/or shareholders.”
The complaint alleges that the illegal stock manipulators “are liable in statutory damages between $6 billion and $18 billion.”
“Damages in billions of dollars are possibly annihilating to these stock manipulators,” noted Peter Strojnik, a Phoenix attorney involved in the preparation of the lawsuit, “but Congress made a legislative decision authorizing such damages in order to stop the unlawful distribution of illegal faxes.”
The Complaint does not name Signalife or its officers, directors, insiders and shareholders as the “aiders and abettors” of the massive illegal fax scheme. “Who profited by the illegal scam?” quizzed Mr. Strojnik. “We will engage in discovery to determine who profiteered - or tried to profiteer - by the illegal fax transmissions, and we will know who the responsible parties are.”
For further information contact: Peter Strojnik, P.C., 3030 North Central Avenue, Suite 1401, Phoenix, AZ 85012, .
Peter Strojnik, P.C., Phoenix Peter Strojnik, 602-524-6602
Since the SEC does next to nothing and all too often settles its few investigations with payments to the SEC (not the defrauded investors), it’s up to attorneys to sue for junk faxes. It sure would help if we had a spam law with teeth like the TCPA.
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