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Friday, July 31, 2015
Volume:
31
Issue:
8
Abstract:
On July 21, 2015, Prett Bharara, the United States Attorney for the Southern District of New York, along with other law enforcement officials, announced the unsealing of an indictment charging Gery Shalon, Joshua S Muel Aaron, and Ziv Orenstein with perpetrating a scheme to manipulate the price and volume of traded shares in numerous publicly traded stocks by means of deceptive and misleading e-mail campaigns, and manipulative, prearranged stock trading. While Israel arrested Shalon and Orenstein on July 21, the U.S. Attorney’s Office said it will seek their extradition. Aaron is still at large.