{"id":4759,"date":"2017-07-21T18:18:13","date_gmt":"2017-07-21T23:18:13","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4471"},"modified":"2017-07-21T18:18:13","modified_gmt":"2017-07-21T23:18:13","slug":"expanded-texas-securities-case-indicts-six-multimillion-dollar-pump-dump","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/expanded-texas-securities-case-indicts-six-multimillion-dollar-pump-dump\/","title":{"rendered":"Expanded Texas Securities Case Indicts Six in Multimillion Dollar Pump-and-Dump Scam"},"content":{"rendered":"

\t\t\t\tIn a second superseding indictment to an ongoing Texas securities fraud<\/a> probe, the US Attorney\u2019s Office for the Southern District of Texas has brought criminal charges again against several people accused in an alleged multimillion dollar pump-and-dump scam. This latest indictment expands on the original criminal charges, which involved Chimera Energy Corp. stock and an alleged $6M scam. <\/p>\n

With this latest indictment, investors of 12 stocks were allegedly defrauded of more than $25M. Prosecutors said that the scam bilked investors in different companies through the use of fraudulent trading practices, the publication of misleading and false information via ads and press releases, and the circumvention of Securities and Exchange Commission reporting requirements. <\/p>\n

Those charged in this latest Texas securities indictment include Andrew Ian Farmer, Charles Earl Grob, Carolyn Price Austin and Eddie Douglas Austin of Houston, John David Brotherton of League City, and Scott Russel Sieck of Florida for the parts they played in the alleged conspiracy fraud involving a dozen stocks, including Chimera Energy Corp. stock. The latter was the stock involved in the initial criminal indictment that brought charges against both Farmer and Thomas Galen Massey, also a Houston resident.<\/p>\n

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

In a second superseding indictment to an ongoing Texas securities fraud probe, the US Attorney\u2019s Office for the Southern District of Texas has brought criminal charges again against several people accused in an alleged multimillion dollar pump-and-dump scam. This latest indictment expands on the original criminal charges, which involved Chimera Energy Corp. stock and an […]<\/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":[3781,3738,3977,3750],"tags":[2834,2710],"class_list":["post-4759","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-pump-and-dump-scams","category-texas-securities-fraud","tag-chimera-energy","tag-pump-and-dump"],"yoast_head":"\nExpanded Texas Securities Case Indicts Six in Multimillion Dollar Pump-and-Dump Scam — Investor Lawyers Blog — July 21, 2017<\/title>\n<meta name=\"description\" content=\"In a second superseding indictment to an ongoing Texas securities fraud probe, the US Attorney\u2019s Office for the Southern District of Texas has brought — July 21, 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