Jerome "One Trick Pony" Armstrong’s duplicity and dishonesty know no bounds even after settling his fraudulent SEC Stock-Tout Suit he still has not changed as shown by his disingenuous dairy insulting Oprah without disclosing that he has a dog in the fight. Sounds familiar? Yes. Follow me because there is no difference between Jerome Armstrong, Kenny Boy and his cabal
Armstrong's Enron Moment:
The Commission's Complaint, filed on April 14, 2003, alleged that beginning on March 6, 2000, Armstrong touted the stock of BluePoint Linux Software Corporation ("BluePoint") by posting unsubstantiated, favorable buy recommendations on the Raging Bull internet site.
Armstrong posted over eighty such recommendations during the first three weeks that the stock of BluePoint was publicly traded. According to the Complaint, Armstrong praised BluePoint's investment value and encouraged investors who were experiencing trouble having their orders filled to keep trying.
The Complaint further alleged that the promoters of BluePoint were secretly transferring stock in three other companies to Armstrong at prices below the then current market for those three stocks and that Armstrong made at least $20,000 by selling the shares he received from the promoters of BluePoint.
Armstrong is to BluePoint as Ken Lay is to Enron
Influential liberal blogger Jerome Armstrong, the founder of MyDD and an originator of the netroots movement, has agreed to pay $29,000 in fines and penalties to settle a 2003 SEC suit accusing him of touting a stock on Internet message boards without disclosing his financial interest in the company.
As a consequence of this fraud Wellstone Groups disassociates itself from this Creep and I hope most progressive would:
The Twenty First Century Democrats, a group that gave Armstrong the Wellstone Award for Political Organizing in April, appear to agree. The group has removed all references to Armstrong from its web site, including his photo and the announcement of his award, which was cached by Google July 20.
Clearly are disingenuous attack on Oprah is similar to his fraudulent stock trade. As bob Johnson eloquently puts it....
Reading Jerome Armstrong's attack on Oprah today made me laugh. Jerome cut his teeth penning poison pen letters to the DLC. And kos and Jerome made disemboweling the DLC a central tenet of their book, "Crashing the Gate."
Then along came Mark Warner, the big-toothed DLC poster boy. Mark bought a shower of martinis and a fountain of chocolate at the first YearlyKos convention, and next thing you know, Jerome is on the payroll. When Warner and fellow DLC poster child, Evan Bayh, dropped out of the presidential race to clear the way for the Queen of the DLC, Hillary Clinton, Armstrong did what any good soldier would do: He went, hammer and tongs, after the Queen's closest competitor, Barack Obama.
Based on his previous diaries and comments Bob Johnson, who has no dog in this fight nailed it on its head as shown above. I will never have done a better job than Bob.
However my part is to show that Armstrong is at his old tricks couched in dishonesty, fraud, and duplicity, and we should not buy whatever stock he has to sell this time
I am not sure whether his present unethical conducts is in violation of his plea deal with SEC. I will investigate this further.