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SEC Says Man Used Trickery To Pump JC Penney Debt Shares

By Katryna Perera ( September 1, 2023, 9:14 PM EDT) -- The U.S. Securities and Exchange Commission on Friday accused a Hawaii resident in New York federal court of using fake press releases and redemption notices to artificially inflate the price of certain J.C. Penney securities, including going so far as to tout a phony crypto project that he claimed was backed by a well-known billionaire investor....

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