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Co-defendant in SEC civil fraud complaint against fake billionaire Justin Costello agrees to settle case

Por: CNBC Politics October 29, 2022

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FBI Poster for Justin CostelloFBIThe Securities and Exchange Commission has agreed to settle a civil lawsuit against a man accused of five separate penny stock pump-and-dump schemes, court filings revealed on Friday.The man, David Ferraro, is accused of using his prolific Twitter account to assist a second defendant, former federal fugitive Justin Costello, on the stock schemes. The SEC said the duo allegedly netted almost $800,000 in illicit... + full article



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