SEC v. Brad Hare, Mammoth West Corporation

Brad Hare, Mammoth West Corporation allegedly failed to register with the SEC as securities dealers. According to the SEC, Mammoth Corporation bought at least 47 convertible notes, submitted nearly 100 conversion notices, and converted the notes of 19 different microcap issuers into over 11 billion newly issued shares of stock at a large discount from the market price. Mammoth Corporation and Hare then allegedly sold those newly issued shares into the market, generating over $2.5 million in profits.

Summary generated from official Securities and Exchange Commission press release