Billionaire Miami philanthropist Phillip Frost denies fraud charges

Billionaire Miami philanthropist Phillip Frost denies fraud charges

Billionaire Miami philanthropist Phillip Frost is denying allegations by the Securities and Exchange Commission that he committed securities fraud as part of a years-long "pump-and-dump" scheme. In a statement emailed to reporters Friday afternoon, Frost said he was "stunned" by the SEC's civil complaint , filed a week ago.

from Biotech News