Daily Archives: September 10, 2018, 7:44 am

SEC Charges Microcap Fraudsters for Roles in Lucrative Market Manipulation Schemes

According to the SEC’s complaint, from 2013 to 2018, a group of prolific South Florida-based microcap fraudsters led by Barry Honig manipulated the share price of the stock of three companies in classic pump-and-dump schemes. Miami biotech billionaire Phillip Frost allegedly participated in two of these three schemes. Honig allegedly orchestrated the acquisition of large quantities of the issuer’s stock…

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