Stock hijacker Mark Miller pleads guilty in over-the-counter market shell company pump-and-dump scheme

A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their … Read more

Shell company hijack: Men used SEC filings, fake press releases for stock pump-and-dump scam, feds say

Three men engaged in a brazen scheme to “surreptitiously hijack” and take over dormant shell companies, whose stock they then fraudulently inflated to dump to unwitting investors, according to charges in an indictment that was unsealed Friday. The men from 2017 through 2019 allegedly used fake resignation letters to seize control of four shell companies, … Read more