Shah, Clarke, Csurgo, and Antevorta Capital Partners manipulated stock prices and defrauded investors from 2013 to 2018, according to the complaint.
In the second complaint, the SEC identified the defendants as Ronald Bauer, Craig James Auringer, Aron Friedlander, Massimiliano Pozzoni, Daniel Mark Ferris, Petar Dimitrov Mihaylov, David Sidoo, and Adam Christopher Kambeitz.
These defendants allegedly participated in the pump-and-dump of stocks of at least 17 publicly-traded companies on the United States markets.
Bauer, Sidoo, and their co-conspirators executed their pump-and-dump schemes with the help of off-shore financial firms to hide their control of shares and collective activities related to a certain microcap company. They also used front companies to hide their coordinated efforts from brokers and transfer agents who would have treated their shares as restricted stock, which could not be freely purchased, sold, or transferred in the retail market.
They committed their scheme to defraud investors from 2006 to 2020, amassing more than $145 million in illegal profits.
