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Stock Manipulation

All articles tagged with #stock manipulation

business29 days ago

RadNet Shares Drop Amid AI Strategy Concerns and Short Selling

RadNet's touted AI division contributes less than 5% of revenue and appears to be overhyped, with its stock valuation driven by speculative rebranding rather than solid growth or external customer traction. The company's financial disclosures are inconsistent, and much of its reported growth is attributed to internal sales and center consolidations that inflate same-center sales figures. Insiders have sold significant shares, raising concerns about the true value of RadNet's AI ambitions amid a challenging healthcare reimbursement environment and fierce market competition.

via Hunterbrook|
#ai-hype#business#financial-inconsistencies
world5 months ago

South Korea's Ex-First Lady Kim Keon Hee Arrested in Corruption Probe

Kim Keon Hee, the former first lady of South Korea and wife of ex-president Yoon Suk Yeol, has been arrested on charges including bribery and stock manipulation, marking a rare instance of both a former president and first lady being jailed in South Korea. She denies the charges, which involve illegal gains from stock rigging and accepting luxury bribes, amid ongoing political and legal turmoil in the country.

via BBC|
#bribery#kim-keon-hee#political-scandal
business1 year ago

Trump Media Demands Probe into Alleged Stock Manipulation

Trump Media & Technology Group, led by CEO Devin Nunes, is urging Nasdaq to investigate alleged market manipulation and naked short selling affecting its stock. Nunes has requested trading data from 13 financial firms and emphasized the need to protect retail investors. Critics argue that the company may be deflecting from its own financial struggles, as it reported significant losses and minimal revenue. The stock has experienced high volatility since its market debut.

via USA TODAY|
#business#market-investigation#nasdaq
finance1 year ago

"Roaring Kitty Faces E*Trade Ban Amid GameStop Stock Controversy"

ETrade is considering removing Keith Gill, known as "Roaring Kitty," from its platform over concerns of stock manipulation related to his recent GameStop stock purchases. Gill, who has a significant following on social media, posted memes that spurred a renewed buying frenzy of GameStop shares, leading to substantial gains in his portfolio. ETrade is worried about the potential manipulation and the backlash from Gill's followers if he is removed.

via Quartz|
#etrade#finance#gamestop
finance1 year ago

E*Trade May Ban Roaring Kitty Amid GameStop Surge

Keith Gill, known as "Roaring Kitty," may be barred from ETrade after posting a screenshot showing a large GameStop stake, causing the stock to surge. ETrade, owned by Morgan Stanley, is investigating potential stock manipulation. The Massachusetts securities division is also examining Gill's actions. No decision has been made yet, and concerns about customer reactions are being considered.

via Business Insider|
#etrade#finance#gamestop
finance1 year ago

E*Trade May Ban Meme Stock Influencer Keith Gill Over GameStop Posts

ETrade, owned by Morgan Stanley, is reportedly considering shutting down Keith Gill's account due to concerns over possible stock manipulation. Gill, known as Roaring Kitty, recently resumed posting on social media, leading to significant fluctuations in GameStop's stock. Despite the recent activity, it's unlikely GameStop shares will reach the highs seen in 2021.

via Gizmodo|
#etrade#finance#gamestop
businessfinance1 year ago

"Market Feud: Citadel, Trump Media Clash Over Short-Selling and Stock Performance"

Ken Griffin's Citadel Securities and Devin Nunes, CEO of Truth Social's parent company, engaged in a war of words over accusations of stock manipulation and market manipulation. Nunes accused Citadel Securities and others of engaging in "naked short selling," prompting a response from Griffin's company calling Nunes a "proverbial loser." The feud stems from Trump Media and Technology Group's tanking stock price since going public, with Nunes sending a letter to Nasdaq accusing market makers of manipulation. The back-and-forth highlights the tensions surrounding the company's stock performance and the involvement of prominent figures in the finance and political spheres.

via New York Post |
#businessfinance#citadel-securities#devin-nunes
crime2 years ago

Man Pleads Guilty in $100 Million New Jersey Deli Stock Fraud Scheme

A former stockbroker, James Patten, pleaded guilty to securities fraud in connection with manipulating the stock of a New Jersey deli company, Hometown International, which had a market capitalization of up to $100 million despite owning just one money-losing deli. Patten also admitted to conspiring to manipulate the share price of another shell company, E-Waste. The scheme involved coordinated stock trading and artificially inflated the stock prices of both companies. Patten's guilty plea may increase pressure on the other defendants, Peter Coker Sr. and Peter Coker Jr., to reach plea deals. Patten faces a maximum sentence of 20 years in prison and fines of $5.25 million.

via CNBC|
#crime#criminal-case#deli
finance2 years ago

Global Markets Experience Volatility as Asian Markets Sell Off and Wall Street Faces Mixed Cues

Asia-Pacific markets experienced a broad sell-off, with South Korea, Hong Kong, and mainland Chinese markets all seeing losses of about 2% each. This mirrored the decline on Wall Street as U.S. Treasury yields reached multiyear highs. Japan reported a surprise trade surplus for September, while Australia's unemployment rate fell to 3.6%. Hong Kong stocks slid as EV makers, including Tesla, reported disappointing results. The chief investment officer of South Korean tech giant Kakao was arrested for alleged stock manipulation during the company's acquisition of K-pop label SM Entertainment. The Bank of Korea held interest rates steady at 3.5%, and Australia's central bank reported a lower-than-expected unemployment rate of 3.6% for September.

via CNBC|
#asia-markets#finance#interest-rates