SEC Files Fraud Charges in Shell Market Manipulation Scheme
On Wednesday, the SEC announced fraud charges against two California men and a company behind an alleged scheme to manipulate the stock prices of two shell companies. The SEC alleges that Troy Flowers and his partner Sean Nevett illegally concealed their control and ownership of Licont Corp. (OTC: LNTP) and Artec Global Media (OTC: ACTL) by using multiple accounts that they controlled in the
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