Posts Tagged "hoax"

SEC sues in excess of Avon, Rocky Mountain stock hoax

SEC sues in excess of Avon, Rocky Mountain stock hoax

Ding dong! Phony Avon takeover contacting! The Securities and Trade Commission filed a complaint in federal court docket Thursday in opposition to two expenditure companies, two fake companies, and a single Bulgarian man for manipulating inventory charges. The complaint accuses Nedko Nedev and the companies of filing bogus paperwork with…

Read More →
How a big Italian bank was slammed by a hoax

How a big Italian bank was slammed by a hoax

It’s every company’s nightmare: Friday afternoon and your stock starts tanking without explanation. Turns out you’ve fallen victim to an elaborate hoax claiming your chief executive has quit after admitting making up billions in profits. Sound far fetched? That’s precisely what happened to one of Italy’s biggest banks. At about…

Read More →