South Fla. Feds Target Microcap Stock Fraudsters

Law360, Miami (August 16, 2013, 8:31 PM ET) -- After netting almost $1.8 billion in restitution and leading the nation in the number of defendants charged, the Southern District of Florida's 3-year-old securities fraud initiative is setting its sights on microcap stock fraud, which has flourished in South Florida's fraud hotbed.

The U.S. Attorney's Office for the Southern District of Florida on Wednesday announced the charging of five individuals in four microcap stock schemes as part of a multiagency initiative that so far has brought charges against 153 individuals in varying types of securities fraud...
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