SEC v. Saied Jaberian

Saied Jaberian allegedly engaged in a scheme to hijack or assume control of at least five defunct public issuers between September 2017 and April 2019, and then pump and dump the publicly traded stock of those companies as well as two other public issuers, according to the SEC. The District Court found that Jaberian violated the securities laws with respect to one public company’s stock, based on Jaberian’s guilty plea in the criminal proceeding.

Summary generated from official Securities and Exchange Commission press release