The SEC announced fraud charges against Adam S. Gottbetter, a securities lawyer who used his New York law office as the headquarters for planning and implementing market manipulation schemes. According to the SEC, Gottbetter orchestrated promotional campaigns that touted the prospects of microcap companies and enticed investors to buy their stock at inflated prices so he and his cohorts could sell shares they controlled and reap massive profits. Gottbetter agreed to pay $4.6 million to settle the SEC’s charges. SEC
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