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Browse: Home / 2015 / June / 24 / Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge – Bloomberg Business

Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge – Bloomberg Business

By Securities Docket on June 24, 2015, 8:25 am

A penny-stock firm’s mysterious surge to $6 billion in market value that captivated Wall Street last year was the work of a California stock promoter who conspired with a network of corrupt offshore brokers, U.S. prosecutors allege.

via Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge – Bloomberg Business

Posted in Criminal, SEC, Top | Tagged Pump-and-Dump

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