US SEC charges man they say is behind the CYNK Technology fraud
July 31, 2015 at 16:55 PM EDT
WASHINGTON, July 31 (Reuters) - The U.S. Securities and Exchange Commission filed civil fraud charges on Friday against a man they say is behind a pump-and-dump scam involving CYNK Technology, a penny stock company that briefly rose to a $6 billion value despite having no revenue.
