WASHINGTON, Oct. 26 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
ATLANTA - Zoltan Nagy, a Canadian businessman, and Glenn Laken, an Illinois trader previously convicted of federal securities fraud and racketeering offenses, have pleaded guilty to conspiring to commit securities fraud in connection with international pump-and-dump schemes that resulted in over $1 million in losses. Three Canadian co-conspirators, Phillip Sewell, Richard Tang, and Davies Wong, previously pleaded guilty to similar charges.
"These defendants engaged in sophisticated stock price manipulation that harmed investors and undermined confidence in the market," said U.S. Attorney Theodore...