{"id":4755,"date":"2017-07-13T18:27:10","date_gmt":"2017-07-13T23:27:10","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4454"},"modified":"2020-09-02T08:45:09","modified_gmt":"2020-09-02T13:45:09","slug":"14-people-charged-14-7m-stock-rigging-fraud-bilked-senior-investors","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/14-people-charged-14-7m-stock-rigging-fraud-bilked-senior-investors\/","title":{"rendered":"14 People Charged In $14.7M Stock Rigging Fraud That Bilked Senior Investors"},"content":{"rendered":"

According to prosecutors, criminal charges have been brought against 14 people over their alleged involvement in a $14.7M stock rigging investment scam <\/a>that primarily targeted older investors<\/a>. The US Attorney\u2019s office alleges that between 1\/2014 and 1\/2017 the defendants and others sought to defraud the investors and prospective investors of certain companies by attempting to artificially manipulate the volume and price when shares were traded.<\/p>\n

The group allegedly hid that they were behind the stock rigging fraud of these companies’ shares through a pump-and-dump boiler room scam. They are accused of manipulating share trading patterns while aggressively soliciting senior citizens by phone to try and persuade them to buy the shares.<\/p>\n

When their targets showed a willingness to buy the stock being solicited to them, the boiler room employees would allegedly pressure them to buy, sometimes even charging them subscriptions so that they could receive future stock recommendations. Investors were not notified that the employees and others they conspired with had sold their own shares in these companies.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to prosecutors, criminal charges have been brought against 14 people over their alleged involvement in a $14.7M stock rigging investment scam that primarily targeted older investors. The US Attorney\u2019s office alleges that between 1\/2014 and 1\/2017 the defendants and others sought to defraud the investors and prospective investors of certain companies by attempting to […]<\/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":[3977,3801,3760,3741,3803,1],"tags":[2828],"class_list":["post-4755","post","type-post","status-publish","format-standard","hentry","category-pump-and-dump-scams","category-sec","category-sec-enforcement","category-securities-fraud","category-senior-investors","category-uncategorized","tag-boiler-room-fraud"],"yoast_head":"\n14 People Charged In $14.7M Stock Rigging Fraud | Broker Fraud Attorneys<\/title>\n<meta name=\"description\" content=\"Charges have been brought against 14 people over their alleged involvement in a stock rigging investment scam that primarily targeted older investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/14-people-charged-14-7m-stock-rigging-fraud-bilked-senior-investors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"14 People Charged In $14.7M Stock Rigging Fraud | Broker Fraud Attorneys\" \/>\n<meta name=\"twitter:description\" content=\"Charges have been brought against 14 people over their alleged involvement in a stock rigging investment scam that primarily targeted older investors.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. 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