Express

Former Riot Blockchain CEO Settles For $3.5M In Penny Stock Manipulation Case

Ramsey Baker

Summary: Former Riot Blockchain CEO John O’Rourke III and two other individuals have agreed to settle with the United States Securities and Exchange Commission (SEC) for $3.5 million over three alleged penny stock pump-and-dump schemes. According to the terms of the settlement Michael Brauser, John Stetson, and O’Rourke will pay disgorgement, prejudgment interest and civil penalties. ...

Former Riot Blockchain CEO John O’Rourke III and two other individuals have agreed to settle with the United States Securities and Exchange Commission (SEC) for $3.5 million over three alleged penny stock pump-and-dump schemes.

According to the terms of the settlement Michael Brauser, John Stetson, and O’Rourke will pay disgorgement, prejudgment interest and civil penalties. The settlement also states the trio will not admit or deny the allegations laid out in the SEC’s 2018 enforcement action against them.

By Ramsey Baker

Last Update:

Tags: ,,,,
Link: Former Riot Blockchain CEO Settles For $3.5M In Penny Stock Manipulation Case   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 8 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 12 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago

    • You need to login to comment.