Bulgarian man charged in stock manipulation scheme
NEW YORK (AP) — A Bulgarian man has been charged with manipulating the stocks of Avon and two other companies by issuing fake takeover offers.
Nedko Nedev faces an eight-count indictment, with charges for crimes related to market manipulation, insider trading and aggravated identity theft.
Nedev and others who weren't identified are also accused of a similar scheme with shares of reinsurance company Tower Group International in May 2014 and Rocky Mountain Chocolate Factory in December 2012.