AUDINDesign/iStock/Thinkstock(WASHINGTON)
— A Canadian man was arrested on Tuesday and charged with allegedly
orchestrating a large-scale international stock market manipulation
scheme.
Aleksandr Milrud, 50, was charged with one count of conspiracy to commit securities fraud and one count of wire fraud. FBI agents arrested Milrud on Tuesday at his Aventura, Fla. home.
“As our complaint shows, illegally manipulating markets to cause even small price changes can yield large gains when done on a massive scale,” U.S. Attorney Paul Fishman for the District of New Jersey said. “The defendant and his far-flung network of conspirators operated an international scheme in which they generated millions of dollars in illicit profits for themselves with artificial trade orders executed at high speeds.”
Read more Click here / www.trade4x.net
Aleksandr Milrud, 50, was charged with one count of conspiracy to commit securities fraud and one count of wire fraud. FBI agents arrested Milrud on Tuesday at his Aventura, Fla. home.
“As our complaint shows, illegally manipulating markets to cause even small price changes can yield large gains when done on a massive scale,” U.S. Attorney Paul Fishman for the District of New Jersey said. “The defendant and his far-flung network of conspirators operated an international scheme in which they generated millions of dollars in illicit profits for themselves with artificial trade orders executed at high speeds.”
Read more Click here / www.trade4x.net
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