3 Attorneys Appear for Defense in Alleged $1.3M Fraudulent Hacking Scheme Case

Written by ALM Staff | Sep 26, 2022 | Uncategorized | Print PDF

This suit was surfaced by Radar. Read the complaint here.

September 23, 2022 at 07:01 AM

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Securities Litigation

By ALM Staff | September 23, 2022 at 07:01 AM

Kevin J. O’Connor of Peckar & Abramson and Jason Alloy and Joshua A. Mayes of Robbins Alloy Belinfante Littlefield have entered appearances for Glenn B. Laken and Christophe Merani in a pending securities lawsuit. The complaint, filed Aug. 15 in Georgia Northern District Court by the U.S. Securities & Exchange Commission, accuses the defendants of engaging in a $1.3 million fraudulent hacking scheme in which they artificially inflated stock prices of at least two microcap companies by hacking third-party investor accounts. The case, assigned to U.S. District Judge Eleanor L. Ross, is 1:22-cv-03252, Securities and Exchange Commission v. Mohamed et al.