U.S.-Canadian man charged with $300 million fraud

June 23, 2015 9:15 PM

70 0

NEW YORK, June 23 A dual U.S. and Canadian citizen was arrested on Tuesday and criminally charged with allegedly manipulating the stocks of numerous publicly traded U.S. companies, and laundering about $300 million of profit through at least five offshore law firms.

Federal prosecutors in Brooklyn, New York, said Gregg Mulholland, 45, was arrested at Phoenix International Airport and charged with securities fraud and money laundering conspiracies in connection with stocks, including Cynk Technology Corp.

Also read: Islanders, forward Josh Bailey agree to six-year, $30 million deal

Read more

To category page