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Market Manipulation

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Phucket Fugitive Returned To Face Charges In NJ Deli Fraud Scheme Phucket Fugitive Returned To Face Charges In NJ Deli Fraud Scheme
Phucket Fugitive Returned To Face Charges In NJ Deli Fraud Scheme A fugitive from Thailand was returned to the United States to face charges in a massive market manipulation scheme involving a New Jersey deli company whose stock was once valued at an illogical $100 million, federal authorities announced. A U.S. District Court magistrate judge in Newark ordered one-time Hong Kong businessman Peter Coker Jr. held after he was flown in custody from a Bangkok jail. Coker, 54, formerly of North Carolina, was seized at a hotel in the resort area of Phuket in mid-January following the arrests of his father, Peter Coker Sr., and James Patten in North Carolina. C…

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by Jerry DeMarco
News
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond A Bergen County businessman was arrested by federal agents on charges of orchestrating a massive market manipulation scheme that caused one of the biggest Wall Street trading collapses in history. Sung Kook “Bill” Hwang put the entire financial system at risk by conspiring with his former chief financial officer to boost profits for his Archegos Capital Management by lying to banks to inflate the stock prices of publicly traded companies, federal prosecutors said on Wednesday, April 27. The fraud scheme ballooned Hwang’s personal fortune from $1.5 billion to more than $35 billion in a singl…

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by Jerry DeMarco
Police & Fire
Market Manipulator Admits Multi-Million-Dollar Scheme With Clifton Trader Market Manipulator Admits Multi-Million-Dollar Scheme With Clifton Trader
Market Manipulator Admits Multi-Million-Dollar Scheme With Clifton Trader CLIFTON, N.J. -- A Long Island man admitted Tuesday that he netted millions in illegal profits in a market manipulation scheme aided by a Clifton securities trader. Pleading guilty in federal court in Newark to securities and tax fraud conspiracy, 40-year-old Shaun Greenwald said that he, Joseph Taub, 38, and others coordinated trading in dozens of brokerage accounts that they secretly controlled from 2014 through 2016 to manipulate securities prices. Straw accounts were created in their names, the names of their family members, and the names of entities they controlled, Greenwald admitted…

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by Jerry DeMarco