October 21, 2022
The U.S. Securities and Exchange Commission won around $550,000 in civil penalties against a penny stock broker and his company for their roles in an alleged $25 million pump-and-dump scheme.
June 12, 2020
A $25 million pump-and-dump stock fraud scheme duped investors with bogus claims that shell companies could make face masks or produce contactless vending machines during the COVID-19 pandemic, federal prosecutors and securities regulators in Massachusetts said.