Read it for yourself:
Http://www.washingtonpost.com/wp-dyn/content/article/06/08/AR2006060801810.html
This is just the tip of the iceberg at InPhonic. Many other corporate abuses have taken place at David Steinberg's company.
Why else would the stock have gone from $25 all the way down to $5? A lot of stockholders have been defrauded — not just consumers, as the D.C. Attorney general says!
Better Business Bureau president and chief executive Edward Johnson said the volume of complaints made InPhonic "one of the single most complained-about companies in the country."
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