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Feds in NY: Arrests in $140 million fraud case

Feds in NY: Arrests in $140 million penny stock fraud case

Feds in NY: Arrests in $140 million fraud case

NEW YORK (AP) -- Federal authorities in New York say arrests have been made in a $140 million penny stock fraud investigation.

U.S. Attorney Loretta Lynch says the defendants are accused of participating in "one of the largest international penny stock frauds and advance fee schemes in history."

The case will be discussed at a late-morning news conference on Tuesday.


Updated : 2021-04-20 00:09 GMT+08:00