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SEC Charges Six with Stock Manipulation Fraud

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At a glance:

The US Securities and Exchange Commission has charged six people with fraud in a stock manipulation scheme.
 
They allegedly conspired to aggressively short-sell the stock of a US software company in an attempt to drive down the share price.
 
Under the conditions of a loan arranged by one of the defendants, this short-selling was illegal.

SEC hits ex-Refco short sellers with fraud charges

Globe and Mail - 4/5/2006 4:05 AM

The US Securities and Exchange Commission has charged six people with fraud in a stock manipulation scheme.
 
They allegedly conspired to aggressively short-sell the stock of a US software company in an attempt to drive down the share price.
 
Under the conditions of a loan arranged by one of the defendants, this short-sell
 
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