The Manhattan U.S. Attorney announced on Tuesday that three men in Florida and Israel had been charged in a penny stock scam with international reach. Three Israeli residents, one an American citizen who remains at large, allegedly ran a “pump-and-dump” stock scheme that laundered proceeds through a shell company in Cyprus. The crimes could go as far back as 2011.
The Securities and Exchange Commission has filed a civil lawsuit against Gery Shalon, Ziv Orenstein, and Joshua Samuel Aaron (aka Mike Shields) as well.
A major attack la…