Pump and Dump

The SEC brought a <strong><a href="http://www.courthousenews.com/wp-content/uploads/2019/05/Penny-Stocks.pdf" target="_blank" rel="noreferrer noopener" aria-label="federal complaint (opens in a new tab)">federal complaint</a></strong> against five people it says made $15 million in pump-and-dump penny stock frauds.

HOUSTON — The SEC brought a federal complaint against five people it says made $15 million in pump-and-dump penny stock frauds. The defendants are Andrew Ian Farmer, 40; Eddie Douglas Austin Jr., 68; Carolyn Price Austin, 64, all of Houston; Scott Russell Sieck, 60, of Winter Park, Fla.; and John David Brotherton, 59, who is in a Texas prison.

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