SEC Shuts Down Hollywood "Pump and Dump" Scheme – ValueWalk Premium
Securities And Exchange Commission SEC

SEC Shuts Down Hollywood "Pump and Dump" Scheme

In a “pump and dump” scheme that looks like the movie The Wolf of Wall Street, the Securities and Exchange Commission today charged three California residents with defrauding investors.

SEC: "Boiler room" operation claims participation of top movie stars
The SEC alleges that a Los Angeles-based group raised money through a “boiler room operation” with “high pressure salespeople” who bilked investors out of $1.8 million . . .


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