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Thursday, May 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Pump & Dumper Made $21 Million, SEC Says

PHILADELPHIA (CN) - A Toronto man made $21 million by manipulating the stock of four companies he controlled - Avicena Group, Neutron Enterprises, Hydrogen Hybrid Technologies and Northern Ethanol - through pump-and-dump schemes and other ruses, the SEC says in Federal Court. The SEC sued George Georgiou, suspended trading in the shares, and, the Commission said, federal prosecutors have charged him criminally.

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