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Securities and Exchange Commission v. Murray
Case Number:
1:17-cv-03788
Court:
Nature of Suit:
Judge:
Government Agencies
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August 13, 2018
SEC Gets Judgment Against Convicted Fitbit Stock Fraudster
A New York federal judge on Friday signed off on the U.S. Securities and Exchange Commission's consent judgment with Robert W. Murray, a Virginia man serving a two-year sentence for orchestrating a $100 million market manipulation scheme that quickly drove up the price of Fitbit Inc. stock, enjoining him from future securities violations.
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May 19, 2017
Va. Man Charged With $100M Fitbit Stock Manipulation Fraud
Manhattan federal prosecutors on Friday charged a Virginia man with orchestrating a $100 million stock manipulation scheme using shares of Fitbit, in which he posed as an officer of a Chinese company and tendered a sham offer for all of the wearable technology company's outstanding stock.