Just another cautionary tale of how important DD is.
I threw some money in a TD ameritrade account I had. Invested in an OTC stock radiosilentplay tweeted about. It doubled I sold. I invested all of it into another that he tweeted about with no DD or anything (DUMB). $STEV
I'm still holding this bag at a 60% loss and decided to finally DD it tonight to decide to cut it or not. Facebook page has been inactive since 2015. Then I find this.
https://www.theindianalawyer.com/articles/indianapolis-businessman-pleads-guilty-in-11m-ponzi-style-investment-schemeArticle is from April 1, 2021
Quote:
George S. Blankenbaker Jr., president of Indianapolis-based Stevia Corp., faces up to 20 years in prison on each of the wire fraud counts and 10 years for the money laundering charge, federal prosecutors said in papers filed Wednesday in U.S. District Court.
I've learned a ton since I started really messing with these back in December and boy this was a doozy.