Law-Definition of a scam: Any Illegal Activity don
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Fraud is a criminal offense, but any person alleged to have committed fraud can also be taken to civil court. A prosecutor brings criminal charges if it isn't settled in Civil.
18 U.S. Code § 1341-Fauds and Swindles.
A lot of shares were bought during the time after this was stated.
Fraudster, Confidence-Man, Scammer.
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