Ex-Teva Chairman Accused of Pump-and-Dump Scheme


A former chairman of Teva Pharmaceutical Industries Ltd. and an investor known for benefiting from the hype around cryptocurrencies were sued by regulators on Friday over claims they masterminded a pump-and-dump scheme. The Securities and Exchange Commission alleged that Phillip Frost and Barry Honig, along with eight other individuals, conspired to manipulate the price of several small stocks so they could later sell their shares at inflated prices.



from Biotech News