U.S. SEC charges 16 defendants in international ‘pump and dump’ plots
Written by Black Hot Fire Network on April 18, 2022
WASHINGTON, April 18 (Reuters) - The U.S. Securities and Exchange commission (SEC) says it has charged 16 defendants with participating in multiyear penny stock schemes that generated more than $194 million in illicit proceeds.
The defendants, which include 15 individuals and one company, are located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey and the United Kingdom, the
