{"id":4744,"date":"2017-06-21T12:11:49","date_gmt":"2017-06-21T17:11:49","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4409"},"modified":"2017-06-21T12:11:49","modified_gmt":"2017-06-21T17:11:49","slug":"market-rigging-nj-stock-promoters-face-sec-charges-another-pleads-guilty-criminal-charges-engineer-accused-manipulating-fitbits-stock","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/market-rigging-nj-stock-promoters-face-sec-charges-another-pleads-guilty-criminal-charges-engineer-accused-manipulating-fitbits-stock\/","title":{"rendered":"Market Rigging: NJ Stock Promoters Face SEC Charges, Another Pleads Guilty to Criminal Charges, and Engineer is Accused of Manipulating Fitbit\u2019s Stock"},"content":{"rendered":"

\t\t\t\tStock Promoters Accused in Pump-and-Dump Scam<\/strong>
\nThe US Securities and Exchange Commission has filed fraud charges<\/a> against James M. Farinella, his Integrated Capital Partners Inc., Anthony Amado, and his Equity Awareness Group with fraud over the alleged inflation and manipulation of a microcap company\u2019s share price. As a result of the alleged pump-and-dump scam, the fraud made over $1M.<\/p>\n

According to the regulator, Farinella and his consulting firm controlled almost the whole public float of stock in Pazoo Inc. Farinella paid Amado\u2019s company to promote the microcap issuer and take part in matched trading to make it appear as if there was market activity for the stock. Amado and one of his employees, Carlo Palomino, are accused of enacting the scam, which allowed Farinella to make over $1M when dumping the Pazoo shares.<\/p>\n

New Jersey prosecutors have filed criminal charges against Farinella over the microcap fraud <\/a>allegations.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock Promoters Accused in Pump-and-Dump Scam The US Securities and Exchange Commission has filed fraud charges against James M. Farinella, his Integrated Capital Partners Inc., Anthony Amado, and his Equity Awareness Group with fraud over the alleged inflation and manipulation of a microcap company\u2019s share price. As a result of the alleged pump-and-dump scam, the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3962,3977,3801,3760,3741],"tags":[2808],"class_list":["post-4744","post","type-post","status-publish","format-standard","hentry","category-microcap-market-fraud","category-pump-and-dump-scams","category-sec","category-sec-enforcement","category-securities-fraud","tag-pazoo"],"yoast_head":"\nMarket Rigging: NJ Stock Promoters Face SEC Charges, Another Pleads Guilty to Criminal Charges, and Engineer is Accused of Manipulating Fitbit\u2019s Stock — Investor Lawyers Blog — June 21, 2017<\/title>\n<meta name=\"description\" content=\"Stock Promoters Accused in Pump-and-Dump Scam The US Securities and Exchange Commission has filed fraud charges against James M. 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