Four people have been charged after authorities intercepted a private group chat in an alleged conspiracy to 'pump and dump' Australian stock values.
ASIC intercepts Telegram chat and later charge four people for allegedly pumping up shares then dumping at inflated prices
Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart were charged in Downing Centre Local Court for allegedly scheming to rig the"market and false trading to artificially increase the prices of shares" before dumping them at inflated prices. ASIC intercepted the private Telegram group after it is alleged four people conspired to"pump and dump" Australian stock values. Picture: Supplied
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