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An investigation into an alleged “pump-and-dump” investment fraud scheme has resulted in the indictment of seven people and the seizure of more than $214 million by federal law enforcement in Chicago. https://t.co/bKKU3iwCLW
A fake trading platform just got wrecked! 💰💥 A federal court has ordered $2.3M in restitution after Debiex scammed investors with bogus trading accounts. No real trades—just a straight-up fraud. The CFTC shut them down and even recovered stolen crypto from a money mule’s
Federal prosecutors charged foreign nationals over a "pump and dump" scheme in which they allegedly posed as U.S.-based investment advisers online and artificially raised the stock price of a company purporting to provide educational services in China. https://t.co/9HHfm3h4np
A Utah man has been federally indicted for allegedly running a Ponzi scheme that defrauded 75 investors out of approximately $5 million. Concurrently, federal law enforcement in Chicago has indicted seven individuals involved in a separate 'pump-and-dump' investment fraud scheme, which resulted in the seizure of more than $214 million in ill-gotten gains. These individuals, based in Malaysia and Taiwan, are accused of posing as U.S.-based investment advisers and artificially inflating the stock price of a company that claimed to provide educational services in China. The investigation highlights the ongoing efforts by federal prosecutors to combat investment fraud schemes targeting investors both domestically and internationally.
