Joel Pensley, a former attorney for SpongeTech, claims that the company forged dozens of legal documents tied to its issuance of stock. The NY Post reports that in a letter to SEC Enforcement Director Robert Khuzami, Pensley says that he was “dumbfounded” to learn that his name was being used in “as many as one hundred opinion letters for various shareholders.”
Pensley wrote that he would not have written such letters and that he “question[s] the legality of the transactions.” “I am shocked and aggrieved that my name and reputation could be sullied in this manner,” he added.
SpongeTech is a New York company known for making soap-filled sponges it sells through infomercials.
[…] previously discussed here, on September 22, the NY Post reported that Joel Pensley, a former attorney for SpongeTech, claims […]