Philippines Boiler Room Operator Cops To $1.2M Fraud

By Ivan Moreno (August 1, 2022, 8:27 PM EDT) -- A United Kingdom citizen who operated a boiler room from the Philippines pled guilty Monday in Brooklyn federal court to participating in a scheme prosecutors say defrauded more than 1,000 U.S. investors out of $1.2 million by manipulating the price and trading volume of a penny stock company....

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