Stock Manipulation

The criminal racketeering trial of Bill Hwang, founder of Archegos Capital Management, began on Wednesday in New York. Hwang and his deputy face charges related to an alleged stock manipulation scheme that led to the fund’s dramatic collapse in 2021, according to Reuters. What Happened: The...

In a final court hearing, Jay Y. Lee, the chief of Samsung Electronics (OTC:SSNLF), faces allegations of fraud and stock manipulation connected to an $8 billion merger. What Happened: As reported by Reuters, prosecutors have asked for a five-year prison sentence for Lee, related to a 2015 merger of...

What happens when you attempt to manipulate a stock and earn a $3,000 profit? Two years in prison.  What Happened Fitbit Inc (NYSE: FIT) stock spiked higher Nov. 10, 2016 amid reports the maker of fitness tracking products received a takeover offer. A SEC filing release showed that a...