Eric Van Nguyen accused of pump-and-dumping penny stocks

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I just read this fascinating story about how late last year (2014), three people were indicted on charges of defrauding thousands of investors in penny stocks through a $290 million “pump-and-dump” scheme. That is a lot of money for promoting penny stocks!


Three stock promoters: Anthony Thompson, Eric Van Nguyen, Jay Fung have all been accused of working with five other people from mid 2009 to about mid 2012 to drive up prices of penny stocks to get the unsuspecting people to buy shares. Apparently they used websites that they owned, including and, to send e-mails promoting the penny stocks to thousands of investors.

This is the kind of terrible behaviour that multi-millionaire trader Tim Sykes at Profitly has been fighting against for YEARS – see how by clicking this link.

‘They and the five others gained control of public shell companies with available shares and merged them with new, private entities, according to prosecutors. The corporate insiders then issued millions of shares to themselves, associates, friends and family to pump up prices, according to prosecutors.’ – Quote By Chris Dolmetsch from Bloomberg news.

How They Dumped Their Shares

Apparently, Eric Van Nguyen issued press releases touting many crap companies including HydroGenetics Inc Xynergy Holdings Inc, Blast Applications Inc, Blue Gem Enterprise Inc., Mass Hysteria Entertainment Co., Lyric Jeans Inc, Smart Holdings Inc. (SMHS) and Sunpeaks Ventures Inc. They allegedly sold their own shares as prices rose from their illegal promoting via their websites.

Can you imagine being one of the poor investors left holding the bag when one of these stocks came crashing down? Perhaps you or someone you know has already had this terrible experience?

What can you do to protect yourself from these types of penny stock scams?

The nice thing about Penny stocks pump-and-dumps is that even though there is a ton of manipulation – it makes how the stocks behave very predictable. This predictability can make trading them very profitable IF you know what you are doing.

Timothy Sykes has spent 15 years trading these stocks and has perfected a strategy that he and his students use to make millions of dollars every year. This strategy is based entirely on spotting penny stock scams and betting against them as the price starts to raise! This powerful strategy works because if you can spot the promoted stocks early, it is INEVITABLE that eventually the stock will come crashing down! The trick is finding the stocks, finding shares to short and timing the trade well.

Let Tim Sykes teach you how to trade these penny stock scams and make huge profits!

I have watched and learned so much from all his DVD’s where he explains in detail how to implement his successful strategy! I highly recommend buying his DVD Pennystocking Part Deux this is Tim Sykes number one selling DVD and it is fantastic!

Hope his strategy can help you avoid a nasty pump and dump and actually beat the promoters at their own game!




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