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Monday, April 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Sues SoCal Stock Promoter

LAS VEGAS (CN) - Stock promoter Eden Miller pushed M45 Mining Resources stock in "millions" of emails and on the Internet in exchange for 1 million shares of M45, while denying that he had been paid anything for his recommendations, the SEC says in Federal Court. Miller, of San Marcos, Calif., pushed M45 through his company, I-Vest, the SEC says.

Miller, 34, ran I-Vest out of Las Vegas and pushed M45 through unsolicited text messages to cell phones, the SEC says.

M45 is a Nevada corporation based in Montreal. It trades on the Pink Sheets for less than a penny a share. "M45 purports to conduct mineral exploration and mining activities in Canada," the SEC says. It formerly was known as Quantitative Methods Corp.

Miller sent a deceptive text message 950,000 times in one day, and 840,000 times another day, the complaint states.

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