Trader admits fraud in $1-billion Apple stock scheme

... the bet backfired, Rochdale was on the hook for $5.3-million of losses on the extra 1,623,375 shares, leaving the Stamford, Conn.-based company under-capitalized, the SEC said in court papers. According to prosecutors, Mr. Miller also defrauded ...



via Stamford Newswire http://www.theglobeandmail.com/report-on-business/international-business/us-business/trader-admits-fraud-in-1-billion-apple-stock-scheme/article11239913/?cmpid=rss1