Posted by & filed under Governments & Regulators, Growth & Valuation.

Description: Short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal.

Source: Bloomberg.com

Date: Mar 17, 2014

Link: http://www.bloomberg.com/news/2014-03-17/bugatti-driving-26-year-old-tied-to-penny-stock-website.html

Questions for Discussions:

  • How did the fraud to pump and dump work?
  • What are the signs that the source is less than genuine?
  • How should investors respond to this article?

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