By Stuart Gittleman
NEW YORK, Dec. 6 (Thomson Reuters Accelus) – Federal charges filed last week in a suspected kickback scheme to sell thinly traded stocks highlight concerns over investor safety as Congress making it easier for small business to raise capital. Boston federal prosecutors filed fraud and conspiracy charges last Thursday against 13 people: corporate officers, a lawyer and stock promoter. They were accused of a kickback scheme in which payments hidden by phony consulting contracts were made to an undercover FBI agent, who posed as a hedge-fund representative, in exchange for having the fund buy stock in certain small companies. (more…)
