share_log

Financial Crime Weekly: SEC Unravels Microcap Pump-And-Dump; $16M Penalty Ordered On Medsis Securities Fraud

Benzinga ·  Jan 18 11:48

TheU.S. Securities and Exchange Commissionfiled two litigation releases this week — charging three individuals with running amicrocap pump-and-dump scamtargeting retail investors, and levying a $15 million penalty on two others who operated anunregistered securities fraudscheme.

County Line Energy Microcap Fraud

On Tuesday this week, the SECchargedJonathan Farberof New York,Aarif Jamaniof British Columbia, Canada andBrian Keasberryof Nevada, with running a microcap fraud scheme.

The scheme allegedly involved the defendants gaining control of the shares ofCounty Line Energy (OTC:CYLC), a small publicly-traded company based in...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment