Federal investigation of GBEN pump-and-dump scheme results in conviction of 8 men, recovery of over $400K for victim restitution : vimarsana.com

Federal investigation of GBEN pump-and-dump scheme results in conviction of 8 men, recovery of over $400K for victim restitution

United States Attorney Rebecca C. Lutzko announced the results of a federal investigation involving eight men that were charged in two cases with participating in a pump-and-dump scheme designed to inflate the stock price of Global Resources, Inc. (“GBEN”), a public company that purportedly planned to bring hemp-infused wine to market. All the defendants pleaded guilty and were sentenced to a combined total of 165 months of imprisonment.

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