Tag: Pump and Dump

Multiple Arrests In Complex JPMorgan Hack Case

Multiple Arrests In Complex JPMorgan Hack Case

Four people have been arrested in Israel and Florida relating to a securities fraud scheme connected to the hacks of JPMorgan Chase & Co. and other financial institutions last year. Law enforcement authorities in Israel arrested two men charged in […]

Galena Biopharma GALE

SEC Investigates Galena Pump And Dump Scheme

The Securities and Exchange Commission (SEC) has opened an investigation into Galena Biopharma Inc (NASDAQ:GALE) for engaging a marketing firm called The Dream Team Group that allegedly helped the company boost its stock price just ahead of new stock offerings and […]

By U.S. Government [Public domain], via Wikimedia Commons

SEC Shuts Down Hollywood “Pump and Dump” Scheme

In a “pump and dump” scheme that looks like the movie The Wolf of Wall Street, the Securities and Exchange Commission today charged three California residents with defrauding investors. SEC: “Boiler room” operation claims participation of top movie stars The […]