The Street Sweeper Takes Aim at Popular Penny Stock Promoter

The Street Sweeper Takes Aim at Popular Penny Stock Promoter

HEWLETT, N.Y., Nov. 5 /PRNewswire/ -- TheStreetSweeper.org, a financial news site focused on exposing corporate misconduct and possible securities-related fraud, has just published a new investigative article about an Internet-based tout sheet called PennyStockChaser.com.

In recent months, PennyStockChaser has promoted several risky microcap stocks - including Atlantic Wind and Solar, MSE Enviro-Tech and Precision Petroleum - while bragging about its increasing popularity among investors seeking "hot penny stock tips" over the Internet. In its new article, written by a former investigative reporter for TheStreet.com, The Street Sweeper takes a close look at the companies promoted by PennyStockChaser and an even closer look at the website itself.

When scrutinizing PennyStockChaser, The Street Sweeper focuses on a key individual - whose name was formerly attached to such legendary investment firms as Dreyfus, Omega Advisors and UBS - in particular. It examines a certified financial advisor, who was sanctioned for past transgressions, as well.

The Street Sweeper raised questions about a similar tout sheet, known as OTC Reporter, when it first launched its operations last month. It highlighted the generous compensation packages handed out to executives at Force Protection, a small-cap company listed on the Nasdaq, at that same time. Since then, it has published regular updates about other key developments - including prison sentences, formal indictments and regulatory investigations - in the investment world.

Together with its sister site, AmericanFraudBusters.com, The Street Sweeper has already caught the attention of media professionals who hope to use it as a springboard for a possible reality television series focused on white-collar crime sometime next year.

"We feel so strongly about your intent and about people's desires to see this that we would love to document your efforts in a first-class television series," stated Andy Weiss, a writer/producer whose screen credits include the popular MTV series Punk'd and the upcoming Paramount feature film Middle Men. "It is our desire to complement your site with a docu-reality show focused on you and your team and those you build cases against and take down.

"We believe that this is a TV show that everyone who has ever been shortchanged would watch and love."

Through American Fraud Busters (AFB), The Street Sweeper regularly solicits tips from the public about possible cases of white-collar crime. Those interested in reporting corporate abuses and/or securities-related fraud should call AFB's toll-free hotline at 1-877-4AFB or send an email to tips@americanfraudbusters.com.

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Source: TheStreetSweeper.org

CONTACT: +1-405-227-0070, editor@thestreetsweeper.org

Web Site: http://www.thestreetsweeper.org/

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Profile: International Entertainment