USAO - California, Central News Update

Offices of the United States Attorneys   You are subscribed to USAO - California, Central news updates. This information has recently been updated, and is now available. Canadian Man Pleads Guilty to Role in Scheme that Manipulated Penny Stock Prices and Cost Hedge Fund Investors More Than $215 Million 02/01/2024 07:00 AM EST A trader for a group of hedge funds pleaded guilty this afternoon to participating in a scheme that manipulated penny stock prices to inflate the hedge fund's reported profits – fraudulent gains that generated millions of dollars in management and performance fees – and caused investors to lose more than $215 million when the funds collapsed. You have received this e-mail because you have asked to be notified of changes to the Offices of the United States Attorneys website. GovDelivery is providing this service on behalf of the Executive Office for United States Attorneys, Department of Justice, 950 Pennsylvania Ave., NW · Washington, DC 20530 · 202-514-2000 and may not use your subscription information for any other purposes. Manage your Subscriptions | Department of Justice Privacy Policy  | GovDelivery Privacy Policy Follow the Offices of the United States Attorneys on Twitter: @USAttorneys