Just one day after U.S. regulators charged more than 120 people in 11 states with online investment fraud, the Securities and Exchange Commission (SEC) on Thursday shut down a “virtual stock exchange” that allegedly defrauded hundreds of investors across the country.
Online Investors Lose Millions in Pyramid Scheme
Posted by: Paul A. Greenberg June 16, 2000 12:00 AMJust one day after U.S. regulators charged more than 120 people in 11 states with online investment fraud, the Securities and Exchange Commission (SEC) on Thursday shut down a “virtual stock exchange” that allegedly defrauded hundreds of investors across the country.