Accesskey Exec Accused Of Stock Inflation Scheme

Law360, New York (September 22, 2010, 3:54 PM EDT) -- Accesskey IP Inc. President Bruce Palmer has been indicted for wire and securities fraud for allegedly working with a stockbroker to buy shares of the data security company in order to inflate its stock price.

Nevada-based Accesskey develops proprietary data encryption technology, according to an indictment filed against Palmer in the U.S. District Court for the Southern District of Florida on Tuesday.

Palmer owned millions of shares of Accesskey common stock, which was publicly quoted on Pink OTC Markets Inc., an interdealer electronic quotation and trading...
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