Feds Charge SpongeTech CEO with Obstruction of Justice in Pump and Dump Stock Investigation

Looks like our local penny stock scammer is in a world of trouble because it’s not just the SEC who’s charged him for securities fraud today but he’s also facing criminal charges. Michael Metter, Greenwich radio station president and CEO of Spongetech was arrested in his Greenwich home this morning by the FBI and IRS for obstruction of justice. The U.S. Attorney says Metter’s partner Steven...