Calif. U.S. Attorney: Canadian Man Sentenced to 31/2 Years in Prison for Role in Penny Stock Scheme That Caused More Than $215 Million in Losses
July 04, 2024
July 04, 2024
LOS ANGELES, California, July 4 -- The office of the U.S. Attorney for Central District of California issued the following news release on July 2, 2024:
A former trader for a group of hedge funds was sentenced today to 42 months in federal prison for participating in a scheme that manipulated penny stock prices to inflate the hedge fund's reported profits - fraudulent gains that generated millions of dollars in management and performance fees - and caused investors to lose more than . . .
A former trader for a group of hedge funds was sentenced today to 42 months in federal prison for participating in a scheme that manipulated penny stock prices to inflate the hedge fund's reported profits - fraudulent gains that generated millions of dollars in management and performance fees - and caused investors to lose more than . . .