December 12, 2016 / 6:15 PM / a year ago

U.S. charges two New Jersey traders over $26 mln scheme

WASHINGTON, Dec 12 (Reuters) - U.S. authorities have charged two financial traders in New Jersey over a stock manipulating scheme that netted the pair more than $26 million, the U.S. Securities and Exchange Commission and the state’s U.S. Attorney said on Monday.

Joseph Taub, 37, and Elazar Shmalo, 21, were arrested and “charged with orchestrating a massive, long-running market manipulation scheme,” that resulted in the millions in illegal profits between 2014 and 2015, U.S. Attorney Paul Fishman said. (Reporting by Susan Heavey and Nate Raymond; Editing by Chizu Nomiyama)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below