{"id":2852,"date":"2016-01-06T00:00:00","date_gmt":"2016-01-06T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/wells-fargo-financial-advisor-donald-toomer-jr-of-las-vegas-nevada-accused-of-penny-stock-fraud\/"},"modified":"2016-01-06T00:00:00","modified_gmt":"2016-01-06T05:00:00","slug":"wells-fargo-financial-advisor-donald-toomer-jr-of-las-vegas-nevada-accused-of-penny-stock-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/wells-fargo-financial-advisor-donald-toomer-jr-of-las-vegas-nevada-accused-of-penny-stock-fraud\/","title":{"rendered":"Wells Fargo Financial Advisor Donald Toomer, Jr. of Las Vegas, Nevada Accused of Penny Stock Fraud"},"content":{"rendered":"<\/p>\n<p>The <a href=\"http:\/\/www.sec.gov\"  target=\"_blank\">Securities and Exchange Commission<\/a> charged Samuel DelPresto and his company with illicitly pocketing $13 million from an elaborate <a href=\"https:\/\/www.silverlaw.com\/pump-and-dump-stock-schemes\/\"  target=\"_blank\">pump-and-dump scheme<\/a> with the assistance of Donald Toomer, Jr.<\/p>\n<p>The <a href=\"http:\/\/www.sec.gov\/litigation\/complaints\/2015\/comp-pr2015-279.pdf\"  target=\"_blank\">SEC alleges<\/a> that DelPresto and others teamed up to secretly obtain control of substantially all available stock in four microcap companies and to facilitate coordinated trading that created the appearance of liquidity and market demand for the stocks.\u00a0 After unwitting investors were enticed through promotional campaigns to buy the stock at inflated prices, DelPresto dumped his shares on the market.<\/p>\n<p>\u201cThe series of fraudulent schemes alleged in our complaint enticed unwitting investors to pay inflated prices for four companies secretly controlled by DelPresto and others and then left the investors holding the bag when the manipulative activity ceased and the stock price dropped,\u201d said Andrew M. Calamari, Regional Director of the SEC\u2019s New York office regarding the SEC action.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/wells-fargo-financial-advisor-donald-toomer-jr-of-las-vegas-nevada-accused-of-penny-stock-fraud\/\"  title=\"Continue Reading Wells Fargo Financial Advisor Donald Toomer, Jr. of Las Vegas, Nevada Accused of Penny Stock Fraud\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission charged Samuel DelPresto and his company with illicitly pocketing $13 million from an elaborate pump-and-dump scheme with the assistance of Donald Toomer, Jr. The SEC alleges that DelPresto and others teamed up to secretly obtain control of substantially all available stock in four microcap companies and to facilitate coordinated trading [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[],"class_list":["post-2852","post","type-post","status-publish","format-standard","hentry","category-all-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wells Fargo Financial Advisor Donald Toomer, Jr. of Las Vegas, Nevada Accused of Penny Stock Fraud &#8212; Securities Arbitration Lawyers Blog &#8212; January 6, 2016<\/title>\n<meta name=\"description\" content=\"If you invested with Wells Fargo Advisor Donald Toomer and have questions about how your account was handled, call Silver Law Group today to discuss your options\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/wells-fargo-financial-advisor-donald-toomer-jr-of-las-vegas-nevada-accused-of-penny-stock-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Wells Fargo Financial Advisor Donald Toomer, Jr. of Las Vegas, Nevada Accused of Penny Stock Fraud &#8212; Securities Arbitration Lawyers Blog &#8212; January 6, 2016\" \/>\n<meta name=\"twitter:description\" content=\"If you invested with Wells Fargo Advisor Donald Toomer and have questions about how your account was handled, call Silver Law Group today to discuss your options\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wells Fargo Financial Advisor Donald Toomer, Jr. of Las Vegas, Nevada Accused of Penny Stock Fraud &#8212; 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