Trader admits fraud in $1B 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, Connecticut-based company undercapitalized, the SEC said in court papers. According to prosecutors, Miller also defrauded ...



via Stamford Newswire http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130415&id=16355012