Scottish man charged in alleged Twitter stock fraud

Written by admin on 16/07/2019 Categories: 长沙桑拿

SAN FRANCISCO – A federal grand jury in San Francisco indicted a Scottish man on Thursday for securities fraud after prosecutors say he manipulated stock prices using 桑拿会所.

ChangSha Night Net

James Alan Craig, 62, of Dunragit, Scotland, set up 桑拿会所 accounts in 2013 that appeared to be associated with real market research firms before sending out false Tweets that sent companies’ stock prices plunging, prosecutors said. He is accused of then buying the companies’ stock and profiting when the prices rebounded. Craig caused shareholders to lose more than $1.6 million, according to prosecutors.

READ MORE: Opinions on Essena O’Neill split after some allege social media protest is a hoax

“This investigation dismantled a stock market manipulation scheme that operated with one goal in mind — to falsely defame a company in order to destroy its stock value for financial gain,” FBI Special Agent in Charge David Johnson said in a statement.

It was not immediately clear whether Craig had an attorney. An email to a U.S. Attorney’s Office spokesman after hours Thursday was not immediately returned.

READ MORE: 桑拿会所 trades ‘favourites’ and stars for ‘likes’ and hearts

Craig targeted the San Francisco Bay area sound technology company Audience and the Washington-based biopharmaceutical firm Sarepta, prosecutors said. He Tweeted that Audience was being investigated by the U.S. Department of Justice on rumoured fraud charges and that Sarepta papers had been seized by the U.S. Food and Drug Administration, prosecutors said.

He is accused both times of using his girlfriend’s TradeMonster account to purchase shares in the companies and then later selling them at a higher price.

©2015

Comments Off on Scottish man charged in alleged Twitter stock fraud