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Pump And Dump Scheme

Federal Law Enforcement in Chicago Seizes $214 Million in Alleged “Pump and Dump” Investment Fraud

Federal Law Enforcement Cracks Down on $214 Million “Pump and Dump” Scheme in Chicago: Seven Individuals Indicted in Connection with China Liberal Education Holdings Fraud Chicago, IL – March 21, 2025 – In a significant victory for federal law enforcement and a stern warning to perpetrators of financial fraud, the U.S. Attorney’s Office for the

Richard Altomare Sentenced For His Participation In A Securities Fraud “Pump And Dump” Scheme

Former CEO Of Publicly Traded Company Sentenced In Securities Fraud Scheme Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, announce that Richard Altomare, 65, of Palm Beach County, was sentenced yesterday for his participation in