"The SEC has been increasing its focus on pump-and-dump cases, so going after shells is a way to get at the source, Stoltmann says. For a relatively small amount of money, fraudsters can accumulate shares of a defunct company still trading on a lightly regulated marketplace like the OTC Pink system. The fraudster can then set up phony operations, put out misleading press releases, lure buyers, and, once the stock price rises, dump the shares for a profit."
Oh one other little tidbit for you to consider. Investigations are completed before the results are announced. They do not let out that there is an investigation until they completely finish one. Otherwise companies would know they could be under the microscope. Not a very good investigating technique.
Let me know if I can help clarify anything else for you.
It's only a matter of time before they get to Rotelli. His long trail of fraud is catching up to him.
At least he's smart enough to use a rent-a-office :) Now when they come looking for him they'll be stuck asking the people next door at suite 400 - "Where is the corporate office of Independent Energy Corp."