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U.S. Attorney Loretta Lynch. (file/credit: Juliet Papa/1010 WINS)

Feds Indict 9 In Massive International Penny Stock Fraud Scheme

Prosecutors said the global scheme involved pumping up the value of penny stocks. The defendants then allegedly dumped their shares and, in the process, fleeced tens of thousands of investors out of $140 million.

08/13/2013