This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
06/28/2021
Two Minnesota men charged in pump-and-dump stock scheme
Duluth News Tribune
Saeid Jaberian, 59, of Hopkins, Mark Miller, 43, of Breezy Point, and Christopher Rajkaran, 35, of New York, devised a plan to acquire large amounts of stock in dormant public shell companies that traded over-the-counter at low prices, often less that 1 cent per share, according to a recently unsealed indictment.
The men allegedly assumed control over the shell companies by creating and filing fake letters and board resolutions announcing the resignation of the existing management team. They would then appoint themselves as new officers of the companies, the indictment said.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information