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Posted On: 01/13/2018 9:32:43 PM
Post# of 82676
Re: riskreward007 #14878
Follow up to my previous post, -old news (from 2011) but still relevant today!
iHub Co-Founder (Matthew W. Brown) Sentenced to 4 Years in Prison:
According to the indictment and Brown's guilty plea, in 2006 and 2007 Brown and his co-conspirators engaged in a scheme to manipulate the prices of publicly traded stocks to create the illusion of market interest in those securities. The goal was to fraudulently induce the investing public to purchase a stock based on the artificial trading volume, and thus increase the price of the stock. Brown and his co-conspirators then sold significant holdings in these stocks, generating millions of dollars in proceeds.
https://www.investorvillage.com/smbd.asp?mb=6...d=10517459
Confirmed Criminals!
iHub Co-Founder (Matthew W. Brown) Sentenced to 4 Years in Prison:
According to the indictment and Brown's guilty plea, in 2006 and 2007 Brown and his co-conspirators engaged in a scheme to manipulate the prices of publicly traded stocks to create the illusion of market interest in those securities. The goal was to fraudulently induce the investing public to purchase a stock based on the artificial trading volume, and thus increase the price of the stock. Brown and his co-conspirators then sold significant holdings in these stocks, generating millions of dollars in proceeds.
https://www.investorvillage.com/smbd.asp?mb=6...d=10517459
Confirmed Criminals!
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