‘Death-Spiral Financing’ Leads to SEC Fraud Charges Against Penny-Stock Operator
PYMNTS
FEBRUARY 18, 2019
So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in other, relatively old-fashioned ways.
Let's personalize your content