thailand-1

Christmas came early this week for the alleged victims of Naris Chamroonrat of Bangkok, Thailand and Adam L. Plumer of Las Vegas, who’ve been charged with defrauding investors in over 30 countries through an unregistered brokerage firm named Nonko Trading. The SEC, which announced the charges on Wednesday, claims Chamroonrat and Plumer defrauded hundreds of investors worldwide by tricking them into trading through dummy accounts, while Chamroonrat and Plumer absconded with funds deposited by investor. The two supposed crooks misappropriated at least $1.4 million in funds, the SEC claims

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mjgranny

Me and my Granny, Christmas morning circa 1973/1974-ish   Well, 2016 has been one helluva year. Between the celebrity deaths (Bowie, Rickman, Prince in particular), fake news, election chaos, Zika, creepy clowns, Aleppo, and a host of other miserable events, I know I won’t look back on 2016 with anything remotely regarding fondness. In fact,

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imgres

On Monday, the SEC charged New Jersey residents Joseph Taub and Elazar Shmalo for running a fraudulent market manipulation scheme to influence the market prices of over 2,000 exchange-traded securities on exchanges including the NASDAQ, the NYSE, and the NYSE MKT. Between January 2014 and December 2015, Taub and Shmalo engaged in at least 23,000 market manipulation events that gained them north of $26 million in ill-gotten profits. The scheme was little more than quick, coordinated, and repeated pump-and-dumps, each lasting less than five minutes. Taub and Shmalo averaged over 40 of these pump-and-dumps per trading day

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