Technical Staff
June 19, 2021
The perpetrators of this corruption scheme attempted to get control shares of shell companies in order to artificially inflate their share values and sell them to unsuspecting investors.
Shell company hijack: Men used SEC filings, fake press releases for stock pump-and-dump scam, feds say
Three men have been indicted in a pump-and-dump stock scam targeting four dormant shell companies that trade on the over-the-counter market.
www.cnbc.com
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