Apparently the principles in GDS were sued in 2012 for securities fraud in a “pump and dump” scheme involving Argo Digital Solutions.
GDSI CEO Richard Sullivan and CFO David Loppert were among those accused two years ago of defrauding the shareholders and creditors of a marketing technology company, Argo Digital Solutions, by transferring its assets to a shell company they controlled, rVue Holdings.
The plaintiff settled with GDSI’s executives for an undisclosed sum last month. According to court documents, Sullivan and Loppert were accused of boosting Argo’s shares from 25 million to 250 million — claiming that there would be a $100 million initial public offering — and then moving the new shares to rVue, leaving Argo to fold. – Huffington Post, 6/3/14
Did Brown look into these guys at all before lending his famous name to their fictitious business operation? If he loses the Republican primary in NH, will we have finally seen the last of him and his truck on the campaign trail?