SEC v. Timothy Page

Timothy Page allegedly participated in a fraudulent scheme to profit from the manipulation and sale of stock. The Pages allegedly used nominee entities, including defendants Wellesley Holdings Limited, Porrima Limited, Emergent Investment Company, FJ Investments International Inc., and Ticino Capital Limited, to conceal their holdings in the microcap companies. According to the complaint, the Pages then engaged in manipulative trading and hired boiler rooms to generate artificial demand for their stock by making misleading statements to investors. The complaint also alleges that Timothy Page's wife, Janan Page, received proceeds from the Pages' fraudulent scheme.

Summary generated from official Securities and Exchange Commission press release