ASIC warned this week that a new wave of pump and dump scams is moving through Australian phones, wearing the faces of trusted economists and running through group chats that feel like a favor from a friend. Sixteen people learned what the favor cost.
A KOSDAQ-listed sand-washing firm sprouted a fake bio pipeline in 2018 and vacuumed 35.4 billion won out of small investors. The accomplices got suspended sentences this month. The man who ran it did not show up.
India's markets regulator says a listed textile company with almost no textile sales somehow climbed 842 percent in a year. The looms were empty. The order book was in the trading terminal.
A ₹143.79 crore ($17M USD) stock manipulation ring in India ran on text messages that looked like they came from Zerodha and ICICI. SEBI's 394-page final order names Hanif Shekh at the center and penalizes 225 others around him.
South Korean regulators sent two alleged crypto market manipulators to prosecutors this week. One of them, they say, bought roughly half a token's global supply on foreign exchanges, then bled it out onto Korean screens where the buyers were waiting.
Federal prosecutors seized $19.5 million tied to two Hong Kong-listed shell companies whose share prices were run up on social media hype. In one of them, the buyers were not the buyers. They were someone using a financial advisor's stolen login.