Secret Phones, Code Names Behind Stock Scheme, Jury Told

By Brian Dowling (September 11, 2023, 4:51 PM EDT) -- Players in a multimillion-dollar pump-and-dump fraud scheme communicated with James Bond-esque code names on encrypted messaging platforms with secret "xPhones" to duck U.S. securities laws and unload shares of thinly traded penny stocks on unwitting investors, Boston jurors heard Monday at the start of a civil enforcement trial....

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