SEC v. Saied Jaberian

Saied Jaberian, Christopher Rajkaran, and Mark A. Miller allegedly engaged in a fraudulent scheme to hijack or assume control of inactive penny-stock companies between July 2017 and April 2019, cause the companies to issue false and misleading statements, and pump and dump the publicly traded stock of those companies as well as two other public issuers, according to the SEC.

Summary generated from official Securities and Exchange Commission press release