Tag: penny_stock

Last Defendant Pleads Guilty in Multi-State Penny Stock Fraud Scheme

8 Jul 2026 3:30 p.m. · Source: FBI

The final defendant in a multi-state penny stock manipulation scheme has pleaded guilty, concluding a case that saw investors lose over $26 million. Six men from Florida conspired to inflate stock prices and fund lavish lifestyles.

Law Enforcement Business Politics and Government Federal Government Financial Markets Legal Securities Fraud Penny Stock Stock Manipulation Financial Crime Charles Vaccaro Cleveland FBI