Stock promoter pleads guilty in U.S. to $250 million scheme

NEW YORK (Reuters) - A microcap stock promoter pleaded guilty on Monday to engaging in a scheme to launder $250 million obtained by manipulating the shares of more than 40 companies, including the little-known Cynk Technology Corp whose value was driven past $6 billion.

from Reuters: U.S. http://ift.tt/23C5YVD